Many Auto Insurance Companies have decided to make premium
adjustments for policyholders to provide some relief. The amount of the adjustment
varies by carrier but most are in the 15-20% range. There is nothing that the
insured needs to do in order to receive the adjustment. While each company many
vary, in general companies are adjusting as follows:
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Installment policies will receive credit on the
future bills.
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Paid in full policies will receive a refund via
the method they made the last payment.
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Policies with new effective dates will see a credit
on the renewal bill.
If you are struggling to make your payment due to Covid19
you should reach out to your carrier to discuss possible payment options they have.
