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Car Insurance Rebates

Avatar for NJBalla
NJBallaNew York

Many auto insurers are returning 25% of premiums for April and May . Makes sense as the majority of the nation isn't driving. If your insurer chooses this time to hoard your savings you might want to remind them of their decision when its to renew.

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Avatar for loper
loper

Will do. So far no rebate from Safety Insurance.

Avatar for loper
loper

I can't even get a rebate from my workers comp. insurance company (Liberty Mutual) even though I've had to let all of my employees go.

Avatar for shadowcat
shadowcat

I got an email from Travelers. They are issuing 15% rebates for April and May.

Avatar for shadowcat
shadowcat

No action required on my part.

Avatar for JamesSD
JamesSD

Looks like GEICO is giving 15 percent.

Avatar for rl27
rl27

My insurance is giving a $50 rebate.

Avatar for 623
623

Desert, does that mean you were paying $600 a month for the car you parked or was there several other cars involved?

Avatar for twentyfive
twentyfive

@loper call your state office that regulates Workers Comp, the insurance is based on payroll if you have no payroll there shouldn’t be any charges ASFAIK how would you prepay WC insurances anyway? I pay it monthly and it’s always based on previous payroll.

Avatar for loper
loper

I pay annually, and the amount is estimated for the following year based on the previous year. Eventually perhaps I'll get a refund. Also, in my state the insurance companies are forced to provide workers comp. but don't want to do it, so any flack I give them will get my policy canceled and I will possibly be unable to hire workers in the future.

Avatar for twentyfive
twentyfive

@looer if I were you I’d look into an employee leasing company, it will not only save you a bundle by getting you reduced rates but will free up your office to take care of customers and take HR filings and responsibilities off your hands.

Avatar for Papi_Chulo
Papi_Chulo

I have Progressive and have not received any notice of a rebate - but my renewal is due next-month and it's down about 15% from my previous amount 6-months ago.

Avatar for twentyfive
twentyfive

Cali is considering legislation that will compell insurers to return excess or windfall premium and if it passes the the rest of the states will probably follow businesses are being forced to pay for protection that they can’t use as there is no liability if they aren’t executing operations

Avatar for loper
loper

Just found out I'm getting a minor rebate on my LM workers comp. yeah, sort of.

Avatar for Cristobal
Cristobal

My Car Insurance company is giving me 15% paybacks for April and May, this is not a discount.

So when the quarantine is over the rates will stay the same (or even go up) and no more 15% paybacks.

Also, the paybacks are sent after I make my payment, so they hold onto the money for about two weeks before sending the 15% payback.

I drive 95% less and I get 15% back, seems about right.

Avatar for skibum609
skibum609

The nazis in California will now void contracts? Democrats in pwer lol; all imptent wannabe Joe Stalins.

Avatar for twentyfive
twentyfive

@skibum since when did insurers ever live up to a contract, in all my years in business the three times I've had no recourse other than to sue it was twice an insurance company's failure to pay according to the the terms of their contract with me, and once a construction manager who was working on behalf of an insurance company's roll up project blanket. I prevailed all three times, fuck those insurance co.s, as a group their M.O. is stall, obfuscate, and delay, I am glad to see a state even if it's Cali with the resources and lawyer power go after those thieves.

Avatar for Jascoi
Jascoi

i’m now driving my bad ass prius a whole lot less... but I still haven’t heard back from allstate.

Avatar for NJBalla
NJBalla

I'd love a know how much insurance companies spend per month vs what they spent in March and April.

Avatar for twentyfive
twentyfive

^ Most are publicly traded companies, I'm sure that information is available, if you are willing to take the time to break it down.

Avatar for nj_pete
nj_pete

Something like 15% back from NewJersey Manufactrers in’s on auto policy.

Avatar for NJBalla
NJBalla

im sure the executives had some meetings about whether or not to furlough the mechanics, would be a PR nightmare if they did. Progressive has a pretty big collision center in NJ that must be quiet

Avatar for Cristobal
Cristobal

My insurance company emailed my renewal notice for June 2020 and with no accidents in 20 years and no tickets for 5 years, my mileage reduction is 95%, and with a huge (and expensive) media campaign to inform their customers how we "are in good hands" and we "are in this together" my premium was lowered by a whopping 88 cents for six months.

To clarify the 88 cents reduction is for the entire six months, not every month for six months.

Avatar for 79terrier
79terrier

I just got a $40 check from All state for our two cars

Avatar for skibum609
skibum609

Liberty Mutual is doing 15% on autos. Really meaningless.

Avatar for elmer
elmer

I think Liberty Mutual owes us all something for their god-awful annoying TV commercials

I've worn a paint off the mute button

Avatar for bubba267
bubba267

Insurance is one of those categories that penalizes loyalty.

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