Car Insurance Payment for The Month of May Could Also Be Waived If Shelter in Place Restrictions Continue

LOS ANGELES, May 1, 2020 /PRNewswire-PRWeb/ -- Most car insurance companies are returning billions of dollars to their customers. This happens because of the COVID-19 pandemic. Statistics show that travel dropped about 50% since shelter-in-place restriction began. Drivers can expect to receive relief anytime between now and June, depending on the insurer. No matter the method the insurer chooses to offer the relief, it will be automatically applied to the customers' accounts.

Car insurance companies are offering money-back in three different ways:

    --  Refunds. Car insurance companies like Allstate, Liberty Mutual, American
        Family, AAA, Nationwide, and others are offering refunds ranging from
        $50 per covered vehicle to 15-25% of a customer's premium.
    --  Credits. This is another method used by car insurance providers to offer
        relief to affected customers. Major insurance providers like State Farm,
        Geico, MetLife, Mercury Insurance, and USAA are among those who are
        giving credits between 15 and 25%.
    --  Temporary premium reductions. Some insurance providers are helping their
        customers by offering a temporary premium reduction for the months of
        April and May. Among those providers, there is Farmers Insurance.

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Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

"In these difficult times caused by the COVID-19 pandemic, many drivers are facing financial difficulties and are having trouble paying for their insurance bills. Fortunately, more and more car insurance companies understand that we are all facing difficult times and are willing to help their customers by offering them relief in one form or another," said Russell Rabichev, Marketing Director of Internet Marketing Company.

SOURCE Compare-autoinsurance.org