Preferred Mutual Launches Relief Program for Auto Customers During Pandemic

Preferred Mutual Insurance Company has announced its Stay Home, Stay Assured Auto Program, which will provide more than 65,000 customers with a 15% credit on their April and May personal auto insurance premiums.

The credit will be given to New York and Massachusetts personal auto policyholders as of April 30, 2020. No action is needed to receive the credit. Policyholders will automatically receive their 15% premium credit via check in the coming weeks. Preferred Mutual estimates the Stay Home, Stay Assured Auto Program will distribute $2.5 million back to its customers.

The Stay Home, Stay Assured Auto Program is the latest step the company has taken in its commitment to provide support to customers during COVID-19, according to a company press release. Preferred Mutual is also offering flexible payment options, waiving late fees, and extending personal auto coverage at no cost to individuals delivering food or medicine.

Preferred Mutual provides property and casualty insurance coverage to more than 232,000 individual and business customers through an exclusive network of more than 500 independent agents throughout New York, New Jersey, Massachusetts and New Hampshire. It is headquartered in New Berlin, N.Y.

Source: Preferred Mutual Insurance Company