Kiplinger

Coronavirus Car Insurance Rebates for the Road Less Traveled

The coronavirus pandemic has torpedoed the economy, our health care system and our everyday lives, but here's some good news: There's a good chance you'll pay less for your car insurance.

With fewer drivers on the road,, which writes policies mainly in the Midwest, was the first insurer to act, offering one-time $50 refunds for each insured vehicle. Since then, all of the major auto insurers have offered some form of relief. And more discounts could be coming if millions of Americans continue to work from home and avoid non-essential travel. A study by the , an advocacy group, and the , an insurance, credit and utilities advocacy group, concluded that the relief offered so far is insufficient given the likely drop in insurance claims.

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger3 min read
Social Security Is Pushing You to Work Longer – Can You Still Afford to Retire Early?
Are you thinking of retiring soon?  Perhaps earlier than you had planned years ago?  A potential hurdle could be the incentives set up by the Social Security Administration – they calculate your benefits to reward you for staying in the workforce.  
Kiplinger5 min read
4 Steps for Managing Income Withdrawals in Retirement
If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inf
Kiplinger3 min read
I’ve Inherited a Lot of Money. Now What?
It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grie

Related Books & Audiobooks