“Less driving means fewer accidents,” says Allstate CEO Tom Wilson, whose company is giving refunds to millions of American drivers with nowhere to go.
Allstate says it is giving $600 million back to customers after a steep drop in car accidents amid coronavirus prevention lockdowns, the BBC reports.
The company, the fourth-largest American auto insurance firm, says customers in quarantine will get full refunds while other customers will get 15% of their monthly premium in April and May back.
American Family Insurance says it is giving customers $50 back per covered vehicle, which adds up to around $200 million.
“Given an unprecedented decline in driving, customers will receive a shelter-in-place payback of more than $600 million over the next two months,” Wilson said in a statement.
The CEO said that with driving down by between 35% and 50% in most states, there was no internal debate at the firm over whether customers should get money back, Bloomberg reports.
A Progressive Corp. spokesman says the company is also looking into refunds