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You are here News Domestic (USA) Allstate, American Family Insurance to return millions in auto premiums as drivers hit the road less during coronavirus

Allstate, American Family Insurance to return millions in auto premiums as drivers hit the road less during coronavirus

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Insurance company sendind money back

Auto insurance companies Allstate and American Family Insurance said they will give policyholders millions of dollars back because Americans are driving less during the coronavirus pandemic.

In a statement released Monday, Allstate announced it would return $600 million in premiums to customers. The company said most policyholders will get back 15% of their premium in April and May.

The credit will arrive either to their bank, credit card or Allstate account.

"This is fair because less driving means fewer accidents," said Tom Wilson, Allstate chairman, president and CEO, in a statement.

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