Allstate extends virus payback

As Americans drive less because of the coronavirus pandemic, Allstate announced Tuesday it is extending its shelter-in-place payback program through June.

Allstate was the first major company to announce in April that it would give its car insurance policyholders a credit of about 15% of monthly premiums because of the pandemic for April and May. That same credit is extended through June 30.

Geico, State Farm, Progressive and many others have been offering car insurance relief to customers.

“While more people are back on the roads, the numbers of less severe accidents are below historical levels, so the payback will continue through June, representing approximately $1 billion back to customers over three months,” Allstate PresidentTom Wilson said.

Allstate said that its personal insurance customers, along with Esurance and Encompass, will receive an automatic credit to their accounts. Most will receive 15% of their monthly premiums.

USAA announced last month that it had extended its COVID-19 relief and was returning an additional $280 million to customers . Policyholders are getting a third month’s premium credit of 20% credit, USAA said.

Other insurers also say they are giving customers a break.

Geico said it is extending its “giveback credit” g “to the full-term of the policy, which is at least 6 months.”

Nationwide has extended assistance through June 15 for the waiver of late fees, “acceptance of hardship and billing holds” and is “continuing to allow reinstatements for up to 60 days without a lapse in coverage,” spokesman Joe Case said. And State Farm said it is reducing rates in every state.