Car Insurance During Covid 19 Geico
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Car insurance during covid 19 geico. Read more call us at 888 532 5433 to make changes to your life insurance policy. Updated may 18 2020. 7 insurance companies giving refunds during the covid 19 pandemic. Geico which stands for government employees insurance company is the second largest auto insurer in the united states.
The company was founded in 1936 and insures more than 28 million vehicles. Geico whose headquarters are in chevy chase maryland is giving a 15 percent credit on up to six months of premiums for customers who renew or buy motor vehicle policies between april 8 and oct. Here s what you need to know. Geico will offer about 2 5 billion of credits to its 19 million auto and motorcycle policyholders reflecting the decline in driving and therefore car crashes stemming from the coronavirus pandemic.
About 36 5 million people filed for unemployment over the last eight weeks as of may 14 2020. We re in this together. Geico usaa liberty mutual and allstate are among the insurers offering refunds to car insurance policyholders driving less due to the coronavirus. The credit will also apply to any new policies purchased during this period geico has included a giveback credit estimator on its website but be aware that the full 15 credit for your policy term is applied at the.
On average the credit will be 150. The geico giveback 15 credit. Financial security is a top concern due to the covid 19 pandemic. Save more with a 15 policy credit for new and existing customers.
To help provide support during the coronavirus covid 19 we ve committed to providing approximately 2 5 billion through policy credits to our auto motorcycle and rv policyholders. The refunds will total about 2 5 billion according to geico a subsidiary of holding company berkshire hathaway which is considered the.
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