LOS ANGELES, CA / ACCESSWIRE / April 17, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org/) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website has recently launched a series of blog posts that provide more info about saving car insurance money during the pandemic.
To find out more on this topic, visit https://compare-autoinsurance.org/coronavirus-car-insurance-tips-how-to-save-money-during-these-difficult-times/
Drivers who find themselves struggling with paying the insurance premiums should apply the next tips:
- Ask the current insurer if they offer premium refunds. The current outbreak made the authorities impose stay-at-home orders and social-distancing guidelines. That means that fewer people are on the roads and the risk of being involved in an accident and make a claim has also dropped. More than 82% of auto insurance providers, including the country's giants like Geico or State Farm, are now offering policyholders refunds and credits to cut down car insurance expenses. It is expected that more than $6.5 billion will be sent as premium refunds over the next two months. Keep in mind that Insurers have adopted different approaches to premium relief. For example, Allstate and Liberty Mutual granted 15% refunds on premiums for April and May, while Geico announced a 15% refund, but only as customers' policies come up for renewal between April 8 and October 7, 2020. State Farm, the largest U.S. auto insurer, said customers can expect to receive a credit of about 25% on premiums paid from March 20 through May 31. USAA will provide a 20% credit on two months of premiums while Progressive and Farmers announced a 20% and 25% refund, respectively, for the month of April.
- Drop unnecessary coverage. While dropping full coverage may sound tempting, it is not recommended, and in some cases, is impossible. For example, drivers who still finance their cars, are obliged by the lenders to keep coverage. Furthermore, they have to keep collision and comprehensive coverage active. But where it is possible, drivers should keep at least the minimum coverage. Those who choose to suspend or totally cancel coverage must not drive the car while uninsured, otherwise, they risk hefty fines and a future premium increase.
- Exclude certain drivers from the policy. It is recommended to exclude teen drivers from a family plan while the national emergency is enforced. The schools and universities are closed and there are very few reasons why a teen will have to drive. Removing these drivers will significantly lower the premiums.
Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit https://compare-autoinsurance.org/
"During these grim times, when the economy is struggling, it is important to reduce expenses and stick only to the basics. Since car insurance is an essential services, policyholders should check the latest ways to reduce coverage," said Gurgu C, Project Manager of Internet Marketing Company.
CONTACT:
Company Name: Internet Marketing Company
Person for contact: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org/
SOURCE: Internet Marketing Company
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