Coronavirus auto insurance refunds: Here's what you need to know [Yahoo! Finance News]
Berkshire Hathaway Inc. (BRK.A)
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Source: Yahoo! Finance News
stay-at-home orders have led to fewer people on the road and many cars sitting in driveways. Now, more than 82% of auto insurance companies like State Farm, Geico and Liberty Mutual are offering policyholders refunds and credits to save money, totaling more than $6.5 billion over the next two months, according to theConsumer Federation of America"We applaud the many insurance companies that have recognized that they cannot sit on policyholder premium while their customers sit at home," said J. Robert Hunter, director of insurance for CFA and former Texas insurance commissioner, in a statement.Save better, spend better:Money tips and advice delivered right to your inbox. Sign up hereRelief programs offered by auto insurers include refunds, credits or one-time payments. Most of these forms of relief require no action from the consumer and will be applied automatically through the policyholder's recent payment method on file.Here's what you need to know about coronavirus car insurance re
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