As many are traveling less due to “Stay-At-Home” orders, auto insurance providers across the country are giving customers money back. (Barbara Brosher, WTIU/WFIU News)
An Indiana auto insurer is one of several across the country returning money to clients during the coronavirus pandemic. This comes as many are traveling less due to “Stay-At-Home” orders.
Indiana Farm Bureau Insurance is giving customers $20 back per vehicle totaling more than $8 million returned to Hoosiers.
To help keep people insured, the Indiana Department of Insurance requested a 60-day suspension on policy cancellations or non-renewals, giving customers a grace period through mid-May.
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Kevin Murphy is the senior vice president of the property and casualty division at Indiana Farm Bureau Insurance. He says he’s proud to work in an industry that overall has acted in the best interest of its customers.
“Every single company has done this voluntarily,” says Murphy. “Could have taken this money if you will and padded their coffers, but it chosen instead to return and show the care that we all as a collective industry have for our customers.”
Murphy says it’s too soon for the company to know if it will return more money due to reduced travel from COVID-19.
Contact Samantha at shorton@wfyi.org or follow her on Twitter at @SamHorton5.
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This is a rapidly evolving story, and we are working hard to bring you the most up-to-date information. However, we recommend checking the websites of the Centers for Disease Control and Prevention or the Indiana State Department of Health for the most recent numbers of COVID-19 cases.
