Auto Insurance Companies Return $800 Million in Premiums Because No One Is Driving

Auto Insurance Companies Return $800 Million in Premiums Because No One Is Driving
An interstate sits empty in San Francisco, Calif., on April 1, 2020 during the COVID-19 crisis. Josh Edelson/AFP via Getty Images
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Two insurers—Allstate and American Family Insurance—announced Monday they will give back about $800 million to their auto insurance customers because people are driving far less during the pandemic caused by the CCP (Chinese Communist Party) virus, commonly known as the novel coronavirus.

Allstate said it will refund about 15 percent of premiums paid by its customers in April and May, which comes to a total of about $600 million.