The Total Coverage Blog
Spring is here and the nice weather is rolling in (just like the latest insurance news). While we’re still be advised to stay home, things like taking walks, driveway games, and yard activities are good ways to enjoy the sun. Spring also means the release of our Spring 2020 newsletter, now officially titled the Unruh Update. Our spring newsletter includes some hot topics. You can view the most recent issue by clicking below or keep reading for highlights.
Stay-at-home orders mean we’re all driving less. Because of this, many insurance companies that cover auto are providing customers with dividends and premium discounts. Erie Insurance responded with a great plan for both short- and long-term customer relief. Below, take a look at the COVID-19 response by 12 top carriers and how Erie compares.
Erie Insurance stepped up to the plate and hit a home run! Erie will provide $200 million in relief directly to their personal auto and commercial auto insurance customers. Pending regulatory approval, you will receive a dividend check in mid-May which will refund 30% of your April and May 2020 auto insurance premium (the amount will be based on your total premium as of April 1, 2020). This dividend check will not affect any future or past due invoices or payments on your auto policy. You will also see a rate decrease on your next auto renewal premium. Both programs together will total $400 million in relief for Erie’s clients.