Allstate is returning savings resulting from shelter-in-place orders back to consumers.
This comes as the company cited an unprecedented decline in driving due to shelter-in-place orders, which translates into fewer accidents. Nationally, the company plans to return more than $600 million to customers, including $1.3 million to Mainers. For most policyholders, Allstate says the returns will be equal to approximately 15% of their April and May premiums.
“This is exactly the kind of action we need from insurers at this time,” Maine Insurance Superintendent Eric Cioppa stated in a Maine Bureau of Insurance press release. “On behalf of consumers, many of whom are facing great financial hardship right now, I thank Allstate for taking the initiative to do the right thing to return these savings to customers, and to do so as expeditiously as possible.”
Allstate noted in its press release this morning that the fastest way for policyholders to receive their payback is to utilize the Allstate Mobile app. Allstate has also announced additional measures during the pandemic, including free identity protection for customers through the end of 2020, payment relief and extended auto insurance for drivers who use their personal vehicle for commercial purposes.
Source: Maine Bureau of Insurance
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