Auto Insurance Companies’ COVID – 19 Refunds and Assistance

USAA


The country’s fifth largest property-casualty insurer is returning an additional $280 million dividend to auto insurance policyholders due to fewer drivers on the road during COVID-19 stay-at-home orders. USAA will provide a dividend of $520 million to its members as a 20% credit on two months’ worth of premiums. This new additional credit will reflect 20% of a third month’s worth of premiums, and will be provided to all auto insurance policyholders with policies in effect as of April 30, 2020. In total, USAA has committed to returning $800 million in dividends to all auto insurance policyholders.

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