Due to COVID19, people are driving less and car insurance companies are offering discounted rates. Most people have been working from home and commuting less, but your insurance premiums are still due. According to Allstate CEO Tom Wilson, driving is down by 35%-50% across the country. “If you have fewer accidents, then our costs go down, and we think it’s fair to give our customers payback at this time when they need the money a lot,” Wilson said.
Providing discounted premiums or decreasing the insurance rates would be a great benefit for drivers who are saving every penny. In these uncertain times the economy has changed and most are unemployed.
Check with your current insurance carrier and ask if there are deductions or discounted rates for all types of insurance including commercial, auto, and motorcycle.