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These auto insurers are offering a refund to customers during the COVID-19 pandemic

Allstate announced its 'Shelter-in-Place Payback':

  • On average, personal auto insurance customers will receive 15 percent money back based on their monthly premium in April and May.*

  • Allstate will automatically deposit money back to the bank or credit card account used for payment, or apply credits to accounts, depending on customer preferences. Please check your payment information to make sure it is up to date.

  • Customers can get payment faster through the Allstate Mobile App. And, since our lives have become more digital, they are providing free identity protection for the rest of the year, also through the App. Payments for the Shelter-in-Place Payback will occur during the months of April and May for their auto insurance customers.

Farmers Insurance is offering to reduce their customers’ April auto insurance premiums by 25%. 

Geico is providing a 15 percent credit to their auto and motorcycle policyholders as their policy comes up for renewal between April 8 and October 7, 2020. The credit will also apply to any new policies purchased during this period. The credit is part of their ongoing efforts to assist policyholders during this unprecedented time.

Current policyholders can expect to see the credit when their policy renews. They do not need to take any action to receive this credit.

Liberty Mutual announced:

  • Personal auto insurance customers will receive a 15% refund on two months of their auto premium, based on their premium amount as of April 7, 2020.

  • They are planning to issue the refund in the manner the customers made their most recent payment or by check.

  • They will begin issuing refunds in the coming weeks, after they have approval from state insurance regulators.

  • Customers refund will happen automatically, and they do not need to call them to get their refund.

Nationwide is offering its employees a one-time premium refund of $50 per policy for personal auto policies active as of March 31, 2020, due to the coronavirus pandemic. The company says the refunds will be automatically credited to the customer's most recent payment method within the next 30 days.

Progressive says active personal auto policies at the end of April will receive a credit for 20% of their April premium due to the number of customers staying home during the pandemic. The company says it will offer the same credit to active personal auto customers for the end of May, saying they might extend the same credit in upcoming months.

State Farm announced Thursday that the company will be refunding up to a $2 billion dividend to its auto insurance customers "in an effort to help customers during these challenging times." The company is also attributing the refund to the closures of schools and businesses, and with people sheltering at home, and says customers should see the dividend appear as a credit on their auto policy.

USAA made the announcement this week that it will be returning $520 million to members. Every member with an auto insurance policy in effect as of March 31, 2020, will receive a 20% credit on two months of premiums in the coming weeks, the company says.

Tax Relief

  • California Franchise Tax Board and the Internal Revenue Service have extended the deadline to file and pay state and federal taxes to July 15, 2020

  • Employers experiencing a hardship may request up to a 60-day extension from the Employment Development Department to file their state payroll reports and/or deposit state payroll taxes without penalty or interest

  • Effective March 30, 2020, all taxpayers who file a return less than $1 million dollars will have an additional 3 months to file their return, between now and July 31, 2020. 

  • Governor Newsom issued an Executive Order on March 30, 2020 that provides a 60-day extension for taxpayers to file a claim for any refund that must otherwise be filed by July 31, 2020

  • Small businesses with less than $5 million in taxable annual sales can take advantage of a 12-month, interest-free, payment plan for up to $50,000 of sales and use tax liability.

  • The Treasury Department and the Internal Revenue Service have launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll.

Protections for Renters and Homeowners

  • The Santa Clara County Board of Supervisors adopted a temporary urgency ordinance to prohibit evictions through May 31st.

  • California issued a statewide moratorium on residential evictions for renters who cannot pay their rent because of COVID-19 related economic hardships. The moratorium went into effect on March 27 and is valid through May 31, 2020

  • Governor Newsom has announced 

  • The Federal Housing Finance Agency has announced that it is suspending foreclosures for homeowners with mortgages backed by Fannie Mae or Freddie Mac for at least 60 days

This resource center is a compilation of materials shared by various organizations. They were not created or sponsored by RainbowBetter and we can not guarantee the effectiveness, accuracy or reliability of each specific resource.