Auto Insurers Giving Back Big Refunds to Consumers

Some of the nation’s largest auto insurers are giving consumers a break since they aren’t driving nearly as much during the COVID-19.

Collectively, they are reportedly giving $7 billion in refunds and credits through May, including State Farm, which is giving back about $2 billion, and GEICO, which is giving back $2.5 billion.

However, the Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) are asking that companies give back significantly more.

Read more at Insurance Business.