Allstate Sending Auto-Insurance Customers $600 Million As Pandemic Hits Driving
April 06 2020 - 09:00AM
Dow Jones News
By Micah Maidenberg
Allstate Corp. said it will send personal automobile insurance
customers $600 million collectively over the next two months as the
coronavirus pandemic results in less driving and therefore fewer
accidents.
The insurer on Monday said those who have auto insurance through
its various platforms will receive 15% of their monthly premium in
April and May, totaling $600 million.
"Customers will receive the money back through a credit to their
bank account, credit card or Allstate account," the Northbrook,
Ill.-based company said.
Allstate also said customers who buy its auto or homeowners
insurance products and are facing financial hardship can delay two
consecutive premium payments under a special payment plan without
penalty or can choose to pay what they can afford.
The company is expanding insurance coverage for people who use
personal vehicles to deliver food and other essential goods for
commercial purposes.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
April 06, 2020 08:45 ET (12:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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