(Meredith) - Allstate announced it's returning more than $600 million in auto insurance premiums to customers, as many Americans drive less due to stay-at-home orders aimed at curbing the coronavirus pandemic.
The company said most customers will receive 15% of their monthly premium in April and May. Customers will receive the money through a credit to their bank account, credit card, or Allstate account.
“Allstate has been helping customers overcome catastrophes for 89 years since our purpose is to make sure they are in Good Hands. We have learned to move quickly and put people first,” said Allstate's president and CEO Tom Wilson.
“This crisis is pervasive. Given an unprecedented decline in driving, customers will receive a Shelter-in-Place Payback of more than $600 million over the next two months. This is fair because less driving means fewer accidents. We are also providing free identity protection for the rest of the year to all U.S residents who sign up, since our lives have become more digital.”
Allstate said it's also offering free identity protection for the rest of the year to all Americans, even to those who are not Allstate customers. Click here to learn more.