Due to the COVID-19 crisis, drivers across the country are opting to stay at home rather than hitting the road.  Major auto insurance companies are acknowledging this trend and the fact that their liability will be down as well.  Because of this, many are providing relief to personal auto insurance lines. The team at Taggart Insurance is here to ensure that our customers receive any refunds or discounts that are available to them.

Below is a list of current providers that are offering refunds/discounts.  As with everything in the world right now, this list is fluid and will be updated as soon as we hear any new information.  If you have any questions regarding the below information, please reach out to your Taggart Associate for more details.

Travelers

  • Travelers has launched the Stay-at-Home Auto Premium Credit Program, which will automatically give you a 15% credit on your April and May premiums.
  • They are also suspending cancellation and nonrenewal of coverage due to nonpayment through May 15 – there will be no interest, late fees or penalties charged during this time.
  • Travelers is temporarily pausing all on-site exterior and interior home inspections as well as new agency audit reviews until further notice.
  • You can find additional information on their website here.

Progressive

  • Subject to approval by state regulators, Progressive personal auto customers who have a policy in force as of April 30 will be credited 20% of their April premiums in May and personal auto customers with a policy in force as of May 31 will be credited 20% of their May premiums in June.
  • Customers will not need to take any actions to receive the benefits. The credits will be applied automatically to the customer’s policy and those customers who have paid in full will receive a payment of the credited amounts.
  • You can find additional information on their website here.

Allied (Nationwide)

  • Providing a one-time premium credit of $50 per policy for personal auto policies.
  • You can find additional information on their website here.

Auto Owners

  • Moratorium on the cancellation and nonrenewal of policies for nonpayment of premium. Moratorium applies to Property/Casualty, Life, Disability Income and Long Term Care policies. It does not apply to Flood policies.
  • Also providing a 15% return of premium for the months of April and May, subject to regulatory approval.
  • You can find additional information on their website here.

Chubb

  • Late fee charges have been automatically stopped and cancellations due to non-payment have been temporarily paused for personal auto and home customers from March 23 through at least May 22, 2020.
  • All personal auto policies have been expanded to cover customers who use their personal vehicles to deliver food and medicine.
  • Upon renewal, clients will receive a credit reflecting a 35% premium reduction for the months of April and May, with additional discounts for subsequent months, as the situation warrants.
  • You can find additional information on their website here.

Safeco

  • Late fee charges have been automatically stopped and cancellations due to non-payment have been temporarily paused for personal auto and home customers from March 23 through at least May 22, 2020.
  • Personal auto insurance customers will receive a 15% refund of two months of their annual auto premium as of April 7, 2020, pending regulatory approval.
  • The refunds will begin in April and will be issued either by check or in the manner the customer made their most recent payment.
  • The payments will happen automatically. Customers do not need to call Safeco to receive this refund.
  • All personal auto policies have been expanded to cover customers who use their personal vehicles to deliver food and medicine.
  • You can find additional information on their website here.

Nationwide

  • Providing a one-time premium credit of $50 per policy for personal auto policies.
  • You can find additional information on their website here.

Cincinnati

  • Cincinnati is suspending property casualty cancellations due to nonpayment between March 16 and April 30.
  • Suspended any late fees for the same period.
  • Cincinnati Insurance and Cincinnati Casualty auto clients will receive a 15% credit per policy on their April and May premiums – pending regulatory approval. No action is required.
  • You can find additional information on their website here.

Encompass

  • Encompass is providing up to a 15 percent credit to their auto policyholders for the months of April and May.
  • You can find additional information on their website here.