Under the current coronavirus quarantine, every industry seems to be shaken. It may be surprising to hear, though, that auto insurance policies are being taken out at a rapid rate. A surge in customers looking to ensure their vehicles, according to a study by J.D. Power, tops the list of popular driver activities for drivers… Continue reading Loyalty a Rare Commodity for Auto Insurers After COVID-19 Relief
Tag: auto insurance discounts
Selective Insurance Announces COVID-19-Related Premium Credit for Personal and Business Auto Policies
Selective Insurance Company of America, the lead insurance company of Selective Insurance Group, Inc., today announced that customers with personal and business auto insurance policies will receive a 15% premium credit for April and May related to the various COVID-19 shelter-in-place orders. The program, which is subject to expected regulatory approval, is part of the… Continue reading Selective Insurance Announces COVID-19-Related Premium Credit for Personal and Business Auto Policies
Auto Insurers Issuing $10.5B in Coronavirus Refunds
With highways and roads abandoned as motorists stay home during the COVID-19 health crisis, the nation’s biggest auto insurers are offering policyholders $10.5 billion in credits and reduced premiums, according to the Insurance Information Institute. Fewer cars on the road typically means fewer accident claims. According to Arity, a data and analytics firm owned by… Continue reading Auto Insurers Issuing $10.5B in Coronavirus Refunds
CA Commissioner Lara Sees “Disturbing” Disparities in Auto Insurance Discounts for Millions of Drivers
The California Department of Insurance has released data showing wide socioeconomic disparities in auto insurance group discounts offered to millions of state drivers. The investigation illustrates that many affinity groups disproportionately and adversely affect drivers residing in ZIP codes with lower per capita incomes, lower levels of educational attainment, and larger communities of color. Some… Continue reading CA Commissioner Lara Sees “Disturbing” Disparities in Auto Insurance Discounts for Millions of Drivers