Mississippi auto insurance companies are returning over $60 million to customers, according to a release from the MID. Check below to see if your is listed as returning part of your premium.
From MID:
JACKSON, Miss. – Mississippi drivers will receive credits totaling $60,815,207 from auto insurers after a number of companies have filed requests with the Mississippi Insurance Department (MID).
“I am happy to approve these premium reductions so that Mississippians receive discounted rates,” said Insurance Commissioner Mike Chaney. “Many people are not driving as much right now because of shelter-in-place, emergency declarations, and working from home. It only makes sense to discount what people are paying for automobile insurance and to provide them some financial relief.”
Currently, the following insurers have notified MID of their credit programs. Please find a spreadsheet attached with additional information. For additional updates regarding auto premium discounts, please refer to our Coronavirus webpage at https://bit.ly/2VRr9bc
Mississippi Auto Insurers COVID-19 Premium Relief As of 4/22/2020 COVID-19 RELATED
State Farm Mutual Automobile Insurance Company Private Passenger Auto 25% 2 $17,378,635 Mississippi Farm Bureau Casualty Insurance Company Private Passenger Auto 15% 2 $5,800,000 Progressive Group of Companies* Private Passenger Auto 20% 2 $8,200,000 GEICO Group of Companies* Private Passenger Auto 15% 6 $10,900,000 Allstate Group of Companies* Private Passenger Auto 15% 2 $3,801,862 Safeco/Liberty Group of Companies* Private Passenger Auto 15% 2 $3,569,236 USAA Group of Companies* Private Passenger Auto 20% 2 $3,860,232 Nationwide Group of Companies* Private Passenger Auto $50/per policy ** $1,981,550 Shelter Mutual Insurance Company Private Passenger Auto 30% 2 $3,290,604 MetLife Group of Companies* Private Passenger Auto 15% 2 $993,000 Travelers Group of Companies* Private Passenger Auto 15% 2 $641,152 The Hartford Group of Companies* Private Passenger Auto 15% 2 $369,779 Amica Mutual Insurance Company Private Passenger Auto 20% 2 $29,157 TOTAL ESTMATED RETURN PREMIUMS: $60,815,207
Jon Ross Myers is the executive editor and publisher of the Mississippi News Network, Mississippi's largest digital only media company. He can be reached at editor@tippahnews.com
