Insurance Refund Covid Progressive
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Insurance refund covid progressive. The company estimated that the givebacks will be worth about 1 billion total. As part of our apron relief program we are offering a premium credit to active personal auto customers. Progressive joined a list of insurance companies offering refunds to policyholders since less people are driving due to social distancing guidelines during the coronavirus pandemic. Progressive insurance whose corporate headquarters are in the cleveland suburb of mayfield village ohio gave a 20 percent credit on april and may premiums to customers with personal auto insurance.
Ca and ny auto customers see below. In new york the credits were applied in may and june. How does the premium credit work. 2 million donation to the independent insurance agents brokers of america the big i to establish the trusted choice covid 19 relief fund which will help independent agencies respond to the economic and operational challenges presented by the coronavirus crisis.
Progressive insurance customers will receive a 20 percent credit for their april and may premiums. Some discounts have ended though many people are still driving less. If you have an active personal auto policy at the end of april or may there is nothing you need to do. The progressive corporation pgr has announced that it will return around 1 billion of premiums to its personal auto insurance clients.
The refund is the equivalent of 15 percent of an average bill for two months the company said. All personal auto policies that are active at the end of april will get a 20 credit for the april premium. Progressive s actuary indicated a 22 8 refund was warranted. We will calculate your credit at the end of each month and you will see it in your online.
For policies in force as of apr 30 this year the company. It s possible they will provide addition credits the following months. Here s what you need to know. The credits will automatically be applied to their accounts in may and june.
Progressive is also issuing a 20 refund to its customers because of the pandemic. But it gave back 20 for april and may.
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