UPDATE 4/8/20: Geico, owned by Warren Buffett's Berkshire Hathaway, said that it will be reimbursing its 19 million auto and motorcycle policyholders with a total of $2.5 billion. GEICO, USAA, Liberty Mutual, and Allstate are among the insurers offering refunds to car insurance policyholders driving less due to the coronavirus. The GEICO Giveback program will offer auto and motorcycle insurance customers an automatic credit worth about 15% of the next full policy term up for renewal between April 8 … CLICK HERE FOR MORE CORONAVIRUS COVERAGE Car insurance companies are touting their discounts because policyholders are driving less thanks to the coronavirus shutdown — but some discounts are ... 20 through May 31. In Illinois, Geico was sued for a “woefully inadequate” response to coronavirus. The company estimates the credits will amount to about $2.5-billion. Getty Images April 16, 2020, 8:23 PM UTC / Updated May 8, 2020, 9:14 PM UTC Geico … ... GEICO … GEICO's plan encourages motorists to double dip by collecting a COVID-19 discount from their current insurer now, and a second COVID-19 discount by switching to GEICO a few months later. The Auto Club stated that every policyholder with auto insurance in effect from March 16, 2020 to May 15, 2020 will receive a 20% policy refund check for this period. HBO, Geico, Ford and more companies are offering deals during the COVID-19 outbreak. And Geico is offering a credit in the same amount for customers who renew their policies before Oct.7, or on any newly purchased policies. Geico has included a Giveback Credit Estimator on its website, but be aware that the full 15% credit for your policy term is applied at the time of renewal. Geico is giving renewing auto and motorcycle customers a 15% discount on their entire policy (typically 6 or 12 months) when they renew between April 8 and Oct. 7. Auto insurance companies including Allstate, Geico, and Liberty Mutual said they will give policyholders millions of dollars back because Americans are driving less during the coronavirus … Geico is America’s second-biggest auto insurer covering roughly 28 million vehicles. Car Insurance During COVID-19: Discounts, Rebates, and Refunds By Janet Berry-Johnson, CPA on April 17, 2020 Unless you work in an “essential business,” you’re probably spending a lot less time on the road—whether you use your personal vehicle for business or … AAA: 20% refund between for policyholders with insurance in effect from March 16 to May 15 Allstate : 15% discount on premiums in April and May American Family Insurance : …

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