With most Americans working from home or sheltering-in-place, there isn’t a great need to drive.
That’s why Allstate and American Family Insurance are giving back about $800 million to auto insurance customers. With crash incidents decreasing heavily, the companies aren’t shelling out claims money, so they decided to give a portion of customers’ premiums back.
Allstate's payments will go to all US and Canadian customers with personal auto insurance, whether or not their state has any kind of stay-at-home order. American Family, which only serves customers in 19 states, also said its payments would go to all of its customers.
Other insurance companies are now looking at how to follow suit.