As Auto Insurance Rebates Are Set To Expire, Lawmakers Ask For Extension

Two consumer groups are urging California auto insurers to extend the refunds and credits announced last month beyond Sunday May 31. The rebates were in response to the decrease in driving as a result of COVID-19. Although a portion of California is starting to reopen traffic remains far below the levels from the same time period last year.

California Insurance Commissioner Lara’s order requiring insurers to provide premium relief in auto and other insurance lines where “the risk of loss has fallen substantially” ends on May 31, 2020 but could be extended if stay at home orders continue to artificially limit the miles driven by consumers. As of Tuesday USAA and Allstate are the only companies extending the relief period beyond May 31, 2020. State Farm says they are working to reduce premiums in every state by 11% and the earliest these rate cuts could appear will be between July and September 2020.

The Consumer Federation of America also sent a letter to state insurance commissioners urging them to ensure that “pandemic-related insurance relief is sufficient.” In a subsequent news release they said “most companies have granted significantly less relief” than State Farm is offering and that “only the insurance commissioners in California and New Jersey have ordered insurers to issue refunds and prove they are returning enough to the policyholders. California Insurance Commissioner Lara has set a deadline of June 13 for insurers to report exactly how they have complied with the order.

We represent people who are injured because of the careless and reckless acts of others.  At the end of the day your case can only be settled one time and you need to know all of the facts beforehand. The reason that insurance companies have paid our clients in excess of $140,000,000.00 is that we get the facts and are not intimidated at the prospect of going to trial when insurance companies fail to offer full compensation. We help with serious injuries that require serious representation. We are the Law Offices of Guenard & Bozarth, LLP. Our attorneys have more than 60 years of experience specializing in only representing injured people.. Call GB Legal 24/7/365 at 888-809-1075 or visit www.gblegal.com We would be honored to represent you!

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