Insurance Commish Talks About Coming Auto Rebates [Video]
Insurance Commissioner Jim Donelon talks with 101.7 / 710 KEEL's Robert J Wright and Erin McCarty about rebates for Louisiana drivers coming from most companies because of reduced driving due to the Coronavirus quarantines.
Donelon tells KEEL listeners that "companies have now rebated to their policy holders, on their own behalf, on their own initiative, huge amounts of money. In our state it's $187 million that's coming back to auto insurance policy holders just for that reason."
The Commissioner explains that, "Stay-at-home has emptied out lots of the traffic jams and congestion, lots of the mileage that drivers are driving across the state. As a result, the number of accidents has gone down, the number of claims has gone down...and as a result they, on their own, have decided to (return) some portion of premiums to their policy holders."