WHY ARE AUTO INSURANCE COMPANIES OFFERING A DISCOUNT?
During the “New York Pause” period and the “stay at home orders” New Yorkers and Americans for that matter, are not driving as much as they did before. Less people on the road results in less accidents and fewer claims that insurance companies need to pay. The New York City Open Data Project shows collisions in March declining by over 35% from 2019 to 2020. As a result, most insurance companies are offering a discount.
CONSIDERATIONS WHILE WAITING FOR YOUR DISCOUNT
There are a few things you should consider while waiting for your discount.
- Most insurance companies do not require you to do anything in order to get your discount.
- A discount may not be the only accommodation your insurance company is offering, some are offering to ease payment deadlines and pausing cancellations for non payment.
- If your driving patterns have changed, this can affect your coverage, you may consider reducing your coverage limits in order to reduce your premiums.
CORONA VIRUS REBATES BY POPULAR NEW YORK INSURERS
Allstate customers on average will get 15% back based on April and May monthly premiums. The company says people using the App can get faster payments.
Geico is giving renewing auto customers a 15% discount on their entire policy (usually 6 months) when the policy renews.
Nationwide is making it simple and just offering a $50 refund to its auto insurance customers.
Progressive is giving its customers 20% of their April and May payments back.
State Farm is giving its customers 25% back on auto insurance payments made between March 20 and May 31.
Travelers is giving its auto insurance customers at 15% rebate for April and May payments.
USAA is giving a 20% credit on two months worth of payments for all customers who had an active policy on March 31.
If your insurance company is not listed here, you should contact your carrier and find out if they are offering a discount.
THE MARTELLO LAW FIRM IS OPEN AND OPERATING
The Martello Law Firm operates using MyCase, which is modern, cloud-based software that allows our Westchester personal injury attorneys to work from any location and clients to check on their case at any time. Operating through cloud based software allows the firm to operate remotely despite the current crisis. Clients are encouraged to log on any time to check on their case.