JSMedia – The Automobile Club Insurance Association (AAA) has announced that it will provide a 20 percent premium refund to auto insurance policyholders. The refund is available to all policyholders who were in force from March 16 to May 15, 2020. It is expected to be mailed to policyholders by the end of May. Aside from refunding premiums, AAA will also provide free roadside assistance to front-line first responders and medical personnel.
If you’ve been paying for your car insurance for several years, you may be eligible to receive a refund of up to twenty percent of your premiums.
The money is provided through the Auto Club Group’s affiliate, the Interinsurance Exchange of Automobile Club. You don’t need to take any action in order to receive a refund, but you need to make sure that the new policy is active before canceling the old one. If you don’t, you could face higher premiums in the future.
AAA Provides a 20 Percent Premium Refund to Auto Insurance Policyholders
Premium refunds from AAA are a good way to keep your auto insurance costs down. A 20 percent refund is available for the first two months of the policy. There’s no catch to receiving a refund – you’ll simply need to contact the company to activate the new policy. If you don’t get the refund, you’ll be paying more for your coverage in the future. In some cases, this happens due to unforeseen events.
The money that AAA is providing to auto insurance policyholders is coming from COVID-19 and will be distributed through its affiliate insurers. In addition to the $265 million in premium refunds that AAA provided in May, this new program will provide additional rebates to car owners that aren’t using their cars. If you’ve been thinking about getting a refund from your auto insurance plan, now is the time to do it.
A few years ago, AAA announced a premium refund to its policyholders for auto insurance. This program is available to anyone who’s not driving a vehicle anymore. It can be difficult to get a refund when you’ve made multiple claims for the same reason. In such a situation, a refund is a great idea, and the company’s customers will thank you. In the meantime, you can still save money and cancel your policy as you wish.
In addition to the premium refund, many insurers offer financial hardship programs. By applying for a financial hardship program, you’ll be allowed to pay for your insurance a month late. If your premiums are late, it’s best to call your insurer and request the refund. Otherwise, your car insurance will lapse and you’ll have to pay more. But the benefits are well worth the effort. This way, you’ll be able to continue driving safely and save money.