Right now, most of us are staying at home to do our part in stopping the spread of the coronavirus. As a result, that means many of us aren’t driving very much, if at all, while we follow the “shelter in place” orders. Insurance company Allstate has announced it will return over $600 million in auto insurance premiums to customers as so many Americans are driving far less during this outbreak.
The company said that most customers can expect to receive a refund of 15% of their monthly premium in April and May. This will apply to 18 million policies issued by Allstate as well as its Esurance and Encompass subsidiaries.
“Allstate has been helping customers overcome catastrophes for 89 years since our purpose is to make sure they are in Good Hands. We have learned to move quickly and put people first,” said Tom Wilson, Chair, President and Chief Executive Officer in a press release on the company’s website. “This crisis is pervasive. Given an unprecedented decline in driving, customers will receive a Shelter-in-Place Payback of more than $600 million over the next two months. This is fair because less driving means fewer accidents. We are also providing free identity protection for the rest of the year to all U.S residents who sign up since our lives have become more digital.”
The company said that Allstate, Esurance, and Encompass customers will receive the money-back through a credit to their bank account, credit card, or Allstate account, and they noted that “the fastest way for customers to receive this payback is to utilize the Allstate Mobile app.”
Additionally, the company has announced other initiatives for its customers during these times, including payment relief for those who need to delay payments, extended auto coverage for customers using their vehicles to deliver essential goods right now, and more.
Free Identity Protection Now Available to All US Residents
Additionally, Allstate is making its Identity Protection product free for the remainder of the year to help protect customers from identity theft and financial fraud during these uncertain times. Even if you’re not already an Allstate customer, you can get this free Identity Protection if you sign up in April or May.
“Allstate Identity Protection helps protect people from identity theft and financial fraud and provides more control over information shared digitally. U.S. residents can get the free identity protection product through Dec. 31, 2020, regardless of whether they are already Allstate customers, by signing up in April or May,” the company said in its statement.
To learn more about all of these initiatives, check out the latest here. If you’re interested in a free quote or to learn more about Allstate coverage, call 866-534-0372.