Covid19 - Travel restrictions and Impact on Auto Insurance Industry

This post intended to track impact on Auto Insurance Industry due to Travel restrictions.

As of 4/6, All State and America Family insurance companies announced to reduce premiums and return payments already made.

ValChoice, a data analytics companies estimating 70% savings by updating your change mode of transport from commute to pleasure driving.

Irrespective of whether your Insurance provider transfers any savings in claims to individuals or not, since we arent driving much, it may be a good idea to change policy coverage to state minimum and reduce premium reduction immediately.

If things change, you start driving again, Remember, you can always update your policy coverage.

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