Relief 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.
How can I request a refund if I’ve prepaid my premium months in advance?
Typically, policyholders who have prepaid premiums will more than likely receive credits for the same months' that are being issued to policyholders with monthly premiums.Relief programs aren't the only ways that drivers can cut their auto insurance costs down during these unprecedented times.
"If you're waiting for a refund, then you may want to hold off on switching until that comes through," said Megna.Reassess if coverages and deductibles that accompany your comprehension and collision coverage still fit your needs. For example, if you have a policy with liability, comprehensive and collision on an old car with low value, you could drop both the optional comprehensive and collision coverages.
There are two ways drivers can do this. If you were driving to work and no longer are, you can change your driving status from commuter to non-commuter for lower rates. Drivers can also reduce their monthly mileage. Typically, the fewer miles you drive annually, the lower your rate. Policyholders should contact their insurer directly to do this.
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