On April 6th, Allstate, one of the largest auto insurance companies in the United States, said that it would return more than $600 million in premiums to customers, and most customers would get a "cash back" of 65,438+05% of monthly premiums in April and May.
"During the epidemic, due to the isolation at home, the number of motor vehicles plummeted, so traffic accident compensation dropped sharply." Analysis shows that car owners have reduced their use of cars and insurance companies have reduced their compensation.
An insurance company in Wisconsin said that it will return a total of $200 million in premiums to customers from mid-April, and each customer will get about $50. Two other insurance companies, Nongfu and 2 1 Century, will also refund 25% of the car owners' April premium reduction. The company has also implemented flexible insurance contracts, and some customers can temporarily suspend their car insurance contracts.
Some insurance companies choose to provide additional credit lines for car owners. Geico, an insurance company invested by Buffett, said that it would provide an additional credit line of about $2.5 billion to its190,000 car and motorcycle policyholders, and increase the credit line by 15% from April 8 to June 7, with an average of $0/50 per car. Travelers also provide additional credit lines. The company also said that if private car users transport food, groceries, medicines and medical supplies to fight the epidemic, the insurance company will continue to provide car insurance for customers.
Progressive, one of the largest auto insurance companies in the United States, said that it will provide additional credit of about 654.38 billion US dollars to individual auto customers, and will refund 20% of the premium to eligible customers in April and May. USAA, the fifth largest property insurance company in the United States, said it would return the accumulated premium of $520 million to its members. In addition, members who take effect on March 3 1 will receive 20% of the two-month premium in the next few weeks. Other insurance companies that have not yet issued insurance policies said that they are currently counting the data and then deciding the final refund amount.
So during the domestic epidemic, how did China Auto Insurance Company handle it?
Judging from the information disclosed at present, in the period of serious epidemic, major insurance companies have not introduced targeted measures.
On the contrary, on February 10, the Property & Casualty Department of China Banking and Insurance Regulatory Commission, China issued the Notice on Doing a Good Job in Auto Insurance Services during the Prevention and Control of COVID-19 Epidemic, requiring that during the prevention and control of the epidemic, the protection period of compulsory insurance and commercial auto insurance policies valid after October 23, 2020, be automatically extended by one month or an appropriate time.
On March 4th, Hubei Insurance Industry Association issued a notice of extending the warranty of Hubei automatic vehicles, which stipulated the scope and details of the extension, and stipulated that the extension period would remain unchanged from 65438+1October 23rd to the lifting of the vehicle ban by the provincial government.
However, at present, only car owners in Hubei can enjoy the extended warranty stipulated by the policy. Although motor vehicle trips in other provinces also decreased significantly during the epidemic, they did not get relevant rebates. According to the data of Gaode, it was not until March 2006 16 that the private car travel fever in Beijing recovered to 52%. On March 30th, Beijing Municipal Transportation Commission said that the total number of passenger cars on roads reached 2.93 million, 74% of the same period last year, and the average traffic index reached 5.3865438+ 0% of the same period last year.
Because traffic accidents are positively related to the number of trips, car insurance compensation will be greatly reduced nationwide during the epidemic, but at present, PICC, Ping An, Pacific and other insurance companies have no plans to take care of car owners outside Hubei Province.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.