Allstate to return $600 million in auto premiums to customers as pandemic cuts driving

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FILE PHOTO: A car moves along an empty highway during the coronavirus disease (COVID-19) outbreak in Seattle, Washington, U.S. March 30, 2020. REUTERS/David Ryder

(Reuters) – U.S. insurer Allstate Corp (ALL.N) said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to “shelter-in-place” orders to curb the coronavirus outbreak.

Most customers will receive a “payback” of 15% of their monthly premium in April and May, the company said.

Reporting by Suzanne Barlyn; Editing by Kirsten Donovan

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Source: Reuters