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Allstate to return $600 million in auto premiums to customers as pandemic cuts driving - Metro US

Allstate to return $600 million in auto premiums to customers as pandemic cuts driving

(Reuters) – U.S. insurer Allstate Corp <ALL.N> said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to “shelter-in-place” orders to curb the coronavirus outbreak.

Most customers will receive a “payback” of 15% of their monthly premium in April and May, the company said.

(Reporting by Suzanne Barlyn; Editing by Kirsten Donovan)

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