JSMedia – Auto insurance policyholders in Pennsylvania can expect to receive part of their premium refunds. The Pennsylvania AAA insures vehicles through the Interinsurance Exchange of Automobile Club and its affiliate insurers. The organization will give back up to $125 million to its members in the state of Pennsylvania. The company says it will mail refund checks to every policyholder who had auto insurance in effect from March 16 to May 15. There are no steps needed to receive the refund. The new relief package comes on the heels of a pandemic that has left thousands of Americans without vehicle coverage.
The Auto Club Insurance Association announced relief for auto insurance policyholders. The association has refunded the first two premiums for its members, but it has told Michigan regulators that no more premium refunds will be issued. The organization cites several factors, including the reopening of automobile manufacturing plants in May 2020 and the expected return to normal AAA emergency roadside assistance call volumes. However, despite the announcement, the auto insurance industry is still suffering from the slew of problems, and the latest announcement is a good place to start.
AAA also announced that it will refund 10% of the cost of auto insurance policies for 2020. The refunds will be applied as credit to the member’s auto insurance policy. Checks will be issued for policies that were cancelled and paid in full. To receive the money, there is no need to do anything. In addition to the 10% refund, AAA also announced that it would offer an additional relief package due to decreased driving and lower claims due to the pandemic.
AAA Announces Relief For Auto Insurance Claims
The American automobile Association announced that it will be refunding auto insurance policyholders who insure their vehicles through the Interinsurance Exchange of the Automobile Club (ICEAC). This third round of refunds comes on top of the $92 million the organization gave its members in May. The company is offering a 20 percent premium refund for policyholders who insure their vehicles through this exchange. This is a great deal for consumers.
Besides the COVID-19 relief, AAA is also offering more financial assistance to its members. In addition to the $125 million refunds offered in May, these additional policy refunds will cover an additional 10% of AAA members’ premiums for the COVID-19 period. This total will add up to $264 million in auto insurance rebates. So, as you can see, there is more than one way for Americans to receive a refund.
Another way to find affordable car insurance is to shop around. Many consumers have been experiencing high rates in recent years. But with this relief, many drivers are able to afford a higher premium without sacrificing their coverage. And, in some cases, the increased premiums will result in reduced car insurance premiums. By using the discounts provided by the insurers, you can easily save money and improve your driving record. It will also help you get the best deal on insurance.