Some Insurance Carriers Returning Portions of Premiums

At this point we're looking for any kind of relief we can get. May be this will help some since it seems we're not driving as much as we were before the COVID-19 pandemic.

The impact of the COVID-19 virus has impacted pretty much every business and industry around the world. This also includes the insurance companies.

According to the Missouri Department of Commerce and Insurance (DCI), several insurance carriers who operate in Missouri have made the decision to return a portion of their premiums to assist their customers.

According to a story from the DCI:

To date, Allstate, American Family, Geico, Shelter, State Farm and USAA have all chosen to offer some form of premium relief to their policyholders, and others are poised to do so as well.

Since there are less claims due to fewer drivers being on the road, the insurance companies felt this was only fair and the right thing to do for their customers.