A couple of local auto insurance companies have announced plans to help out their customers during the COVID-19 pandemic.
State Farm Mutual Automobile Insurance Company is announcing up to a two-billion dollar dividend nationwide that will go to its auto insurance customers. On average, State Farm’s auto insurance customers will see a credit of around 20-percent of premium for the time period of March 20th through May 31st. The dividend is part of the company’s Good Neighbor Relief Program. Local State Farm Agent Randy Schaefer said that State Farm is in the business of protecting people, so this is “just the right thing to do”. Every State Farm Mutual auto insurance customer will receive credits applied against bills beginning as early as June, and the company says they will continue to monitor their loss experience and respond appropriately.
Also, auto insurance customers of American Family Insurance will receive a portion of their premiums back. American Family Insurance is returning two-hundred million dollars nationwide to its auto insurance customers following a decrease in driving and accident claims from the COVID-19 pandemic. American Family’s premium relief will come as a one-time full payment of fifty-dollars per vehicle covered by an American Family personal auto policy. The company expects to complete the printing and distribution of all checks within 60 days.
Questions regarding American Family’s relief plan can be directed to local agent Matt Bezenek in Madison.
Questions regarding State Farm’s relief plan can be directed to local agent Randy Schaefer in Madison.