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Insurance Discounts for COVID-19

Insurance Discounts for COVID-19

There are reports major insurers are sending out discount checks for cars being off the road ( less risk) during the shelter at home situation.
Anyone getting them for their Tesla?

bill | April 11, 2020

I am with Nationwide and they are sending me $50, via my cc, of the $3000 I paid.

akikiki | April 11, 2020

Yep, me. USAA sent me a note that they are refunding 2 months of my auto insurance.

Putt Putt | April 11, 2020

The Hartford is giving 2 months of 15% discounts and waving late fees.. not for Tesla though...they wouldn’t insure the vehicle at the time I bought it.

lilbean | April 11, 2020

@aikikiki USAA is refunding me 20%.

Putt Putt | April 11, 2020

Progressive will be giving 20% discounts for April and May once it gets approval from the states... so that covers my Tesla...

Bighorn | April 11, 2020

Tesla reduced their rates.

dougk71 | April 12, 2020

I have Geico ( Hartford won't insure our Tesla's).....Gieco hasn't told me of any discount so far.

barrykmd | April 12, 2020

State Farm had an ad on TV yesterday about reducing rates for a 3 month period.

Bighorn | April 12, 2020

I think SF mentioned a $2B program.

M-A-B-MCMLXXX | April 12, 2020

dougk71: Geiko isn't offering a discount, it's offering a credit. Mercury is doing the same.

https://www.geico.com/about/coronavirus/

rxlawdude | April 12, 2020

Nothing yet from Costco/Ameriprise, but I don't expect any refunds. It's a great PR move by insurers, who are saving an order of magnitude more than they are "giving back."

barrykmd | April 12, 2020

RX - Costco, instead, will give you a 100-roll pack of TP, when it's available

Aerodyne | April 12, 2020

Free shipping on the TP? Lol

candido.goncalves | April 12, 2020

I am with Travellers and got an email about a 10 to 15% discount for March and April. Haven’t seen it yet .

TranzNDance | April 12, 2020

I logged into my Progressive account and saw a notice about 20% reduction or refund for April and May.

sbeggs | April 13, 2020

Amica email indicated 20% discount for April and May.

dougk71 | April 13, 2020

@M-A-B-MCMLXXX Thank you .
.I was starting to think Geico was leaving me out.
Geico sends lots of promotional e-mails ...so far nothing direct from them about the deferred rebate.

SbMD | April 13, 2020

Liberty Mutual is refunding 15% of 2 months auto premium for us.

sentabo | April 13, 2020

The Hartford is refunding the same as SbMD's Liberty Mutual for both of my MSes---15% of two months premium. Nice, but hard to get too excited. Comes to about $68 for me.

Bighorn | April 13, 2020

California is mandating that companies refund premiums for autos, amongst others.
https://www.sfchronicle.com/business/networth/article/State-orders-insur...

Uncle Paul | April 13, 2020

Those with Hartford bundled Home/Auto policies. Check your renewal notice for big increases in home insurance part. They jacked mine up over $600. Needed to change companies. They used to be fantastic for Tesla insurance, but now...not so much.

lilbean | April 13, 2020

Thanks for that, @Uncle Paul.

sentabo | April 13, 2020

Uncle Paul, jeez, my Hartford home policy increased $200/yr on this month's renewal. I thought THAT was high until I just saw your post.

dougk71 | April 13, 2020

I was a Hartford customer with both Jags and Mercs for years. When got an MS in Dec 2018 they refused to insure it even though NHTSA said the MS was one of the safest vehicles.
I had Hartford for home insurance immediately after hurricane Charlie they dropped out of Florida.
Shame on me I kept the Hartford for auto until I got a Tesla.
Now I hear they are insuring Tesla's a 180 deg turn. Really!

CEYA GAS | April 13, 2020

We have CSAA . One phone call and I got a $207 refund...

DonS | April 13, 2020

Considering the savings insurance companies are reaping, 15% off of the 6 month premium would be more fair.

Captain_Zap | April 13, 2020

We are getting discounts too but the really odd thing is that people are driving at twice the speed limit now. It is getting downright spooky.

I saw someone get ran off the freeway and into the median as someone darted through sparse traffic. The victim managed to gain control and chased the bad guy down. My guess is it didn't end well after they exited. Around here people are shot, or shot at, for far less.

Qwiksilver | April 15, 2020

Nothing from NJ Manufacturers

Daisy the Road ... | April 15, 2020

Odd. Most people I see driving are driving slower than usual. I think they are enjoying their time out.

sentabo | April 15, 2020

I saw in the newspaper today that Palo Alto, CA is considering closing down certain streets due to speeding drivers. I guess some people are taking advantage of the empty roads and speeding through the city.

NKYTA | April 16, 2020

20% off March and April with AAA according to my wife.

dougk71 | April 16, 2020

When communist East Germany united with West Germany the East German auto insurance program was ended.
The East Germans were annoyed since car insurance was built into the price of the gasoline.
If you didn't drive you didn't use up the insurance. If you drove slower you didn't use up the insurance as fast as a fast driver. If you had a a gas guzzler pickup you paid dearly.
Now image if our insurance was in the cost of gas.
First Tesla's would save a bundle and second no-one would need a refund if their gas car stayed at home.

Bighorn | April 19, 2020

Tesla is reducing rates and giving 20% rebates, apparently.
https://mobile.twitter.com/TeslaJoy/status/1251619949832855552

finished | May 3, 2020

State Farm appears to be reducing my next 6 month premium by 10% across the board for all vehicles. Minnesota. I logged into SF and the nex premium amount is shown, showing the reduction.

turnbiggear | May 19, 2020

I was under the impression that in California we’d be receiving a refund for the months of March, April, and May. See this press release from the CA Department of Insurance: https://www.insurance.ca.gov/0400-news/0100-press-releases/2020/release0...

Anyone know how Tesla Insurance specifically is handling it? I been billed the usual amount every month so far.

Tldickerson | May 19, 2020

@turnbiggear , all insurance companies vary. Try calling yours and see what they say. Better than asking here.

ColonyGolfer | May 22, 2020

This from the Chicago Sun Times of 4/8/2020:

"Geico is reducing auto and motorcycle insurance premiums by 15%, becoming the latest provider to take into account reduced driving because of the pandemic.

Customers will get a credit when their policies renew between April 8 and Oct. 7, Geico said Tuesday. It said the credit also will apply to new policies sold during that period.

The average credit should be about $150 per auto policy and $30 per motorcycle policy, Geico said. The company estimated its total amount credited would be $2.5 billion."

Shesmyne2 | May 22, 2020

My refund from AAA for 20% off Mar/Apr was a check for $85.16
I’ll take it.

Still Grinning ;-)

trixiew | May 22, 2020

AAA gave me $118. I win.

bill | May 22, 2020

Nationwide only gave me back $50 of the $3000 I paid.