The Shutdown Mean Your Driving A Lot Less? Could Mean An Insurance Reduction

by Monsey.info

If you found yourself driving much less due to the COVID-19 shutdown, you might be eligible to have your car insurance reduced.

Some residents took the initiative to call their insurance companies and asked to pay less on their car insurance.

One successful resident wrote “I saw an article that auto insurance companies are giving refunds or reducing rates. I called Geico and asked. Due to that I am driving a lot less, they reduced my premium by $330 for six months.”

With a significantly lower number of drivers on the road, the number of accidents have plummeted. With fewer payouts, the insurance companies are passing on the gains to the insurance owners.

Insurance companies have also initiated special programs during the COVID-19 outbreak, including a freeze on cancellations and waving of late payment fees.