Many of our insurance partners are offering customers premium refunds or policy credits in light of the “shelter-in-place” orders in Texas. Because our Core Values include: Advocacy, we wanted to provide a breakdown of how each carrier is applying the credit/refund you will receive.
In the table below, you’ll find a list of carriers and how they will handle relief.
Carrier |
Relief |
Safeco |
Amount: 15% refund of April and May’s premium payment.
How: Refunds will be automatically returned to insured’s most recent method of payment. Example: If paid-in-full, Safeco will mail out refund check. If you paid $150 each month for a total of $300 x 15% = $45 refund When: Once Texas Department of Insurance (TDI), refunds will be sent. More info: Customer’s don’t need to do anything to receive the refund. See company press release here. |
Progressive |
Amount: 20% premium credit for April and May’s premium payment.
How: Personal auto customers with an active policy on 4/30 will be credited 20% of their April premiums in May. Customers with an active policy on 5/31, will be credited 20% of their May’s premium in June.
When: As noted above, pending TDI approval. More info: Customer’s don’t need to do anything to receive the premium credit. See company press release here. |
Nationwide |
Amount: A one-time premium refund of $50 per personal auto policies active as of 3/31.
How: Refunds will be automatically returned to insured’s most recent method of payment. If paid-in-full, Nationwide will mail out refund check.
When: Pending TDI approval. More info: Customer’s don’t need to do anything to receive the refund. See company press release here. |
Kemper Personal Insurance |
Amount: 15% premium credit for April and May’s premium payment.
How: Personal auto customers with an active policy on 4/30 will be credited 15% of their April premiums in May. Customers with an active policy on 5/31, will be credited 15% of their May’s premium in June.
When: As noted above, pending TDI approval. More info: Customer’s don’t need to do anything to receive the premium credit. See company press release here. |
MetLife |
Amount: 20% premium credit for April and May’s premium payment.
How: Personal auto customers with an active policy on 4/30 will be credited 20% of their April premiums in May. Customers with an active policy on 5/31, will be credited 20% of their May’s premium in June.
When: As noted above, pending TDI approval. More info: Customer’s don’t need to do anything to receive the premium credit. See company press release here. |
Travelers |
Amount: 15% refund of April and May’s premium payment.
How: Refunds will be automatically returned to insured’s most recent method of payment. If paid-in-full, Travelers will mail out refund check. Example: If you paid $150 each month for a total of $300 x 15% = $45 refund When: Once Texas Department of Insurance (TDI), refunds will be sent. More info: Customer’s don’t need to do anything to receive the refund. See company press release here.
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If you don’t see your insurance provider listed above, reach out to us and we can help find you the information.
Most carriers are going to see a highly profitable year. Some will keep that all to themselves and others will become very aggressive in their rates.
If you don’t already have a strong relationship with your insurance agent, give us a call, shoot us a text or DM on the socials. Now is a great time to review your current auto coverage and pricing.
If you love your current agent, give them a call to discuss opportunities to improve your current situation.