COVID-19 Auto Insurance Relief Information

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.

 

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.