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Auto insurers are rebating premiums to policy holders in response to decreased miles traveled under stay-at-home policies. One consumer group suggests the amounts are insufficient.
The Consumer Federation of America ("CFA") is pressing the matter with published data and through pressure on state insurance commissioners. Their report is available below.
Specific to Louisiana, CFA reports a vehicle miles traveled decrease of approximately 60% from late March through Late April.
Other information available at the group's website includes:
- New Car Accident Data Show That Most Auto Insurance COVID-19 Refunds Should Be Twice As Much as Promised To Date
- CFA’s Director of Insurance Offers Guidance to State Insurance Regulators for COIVD-19-Related Auto Premium Relief
The letter from CFA Director of Insurance, J. Robert Hunter, to state insurance commissioners is also posted below.
Posted: May 7, 2020