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The Money Mustache Community
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Car insurance reduction
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Topic: Car insurance reduction (Read 1580 times)
BostonBrit
5 O'Clock Shadow
Posts: 63
Car insurance reduction
«
on:
April 21, 2020, 09:26:41 PM »
Has anyone had any look reducing their insurance premium due to lower mileage?
Thanks
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Rdy2Fire
Bristles
Posts: 451
Re: Car insurance reduction
«
Reply #1 on:
April 22, 2020, 06:30:17 AM »
Not exactly a reduction but my insurance company rep said I will be receiving a refund for April and May due to lack of usage.
They didn't indicate if it would be a full or partial refund for those month but given I already paid it and pay high insurance in my HCOL area I'll take anything :)
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JLee
Walrus Stache
Posts: 7525
Re: Car insurance reduction
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Reply #2 on:
April 22, 2020, 06:33:37 AM »
AllState is issuing 15% refunds for April/May.
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slappy
Handlebar Stache
Posts: 1456
Re: Car insurance reduction
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Reply #3 on:
April 22, 2020, 06:47:53 AM »
Lots of companies are offering credits on premiums. I did reduce my mileage, because I was working from home 50% of the time before this happened, and I don't think it made much of a difference in my premium. I'm with USAA.
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Car insurance reduction