3 car insurance companies are offering refunds because we're driving less

We'll take every penny we can get right now.

Geico just announced they're joining Allstate and American Family in giving financial breaks to auto (and motorcycle) insurance customers due to the fact we're all driving less during the coronavirus pandemic, leading to fewer accidents and therefore fewer payouts.

Geico will give a 15 percent credit to car/motorcycle policyholders when they renew their coverage - it applies to policies renewed between April 7 and Oct. 7, 2020. That's expected to average about $150 per auto policy and $30 per motorcycle policy.

Allstate is giving customers a 15 percent refund for April and May, and American Family is issuing a one-time $50 refund per vehicle insured.

Here's hoping that your insurance company, if it's not one of those three, follows suit.

via CNBC

PHOTO CREDIT: Getty Images Sean Gallup/Staff

Allstate has initiated an average 15 percent refund for current policyholders for at least April and May, while American Family is returning $50 per vehicle.

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