The coronavirus pandemic has frozen large swaths of the economy as people limit contact with others to slow the spread of the disease. With everyone at home and only “essential” businesses open in many parts of the country, some businesses have offered refunds for certain services that cannot be rendered.
Yahoo Finance is compiling a roundup of some of them.
Insurance companies
With the amount of driving people need to do sharply reduced, car insurers have been collecting premiums but not paying out as much – less driving, less traffic means fewer road accidents.
State Farm is issuing a 25% credit on premiums paid between March 20 and May 31, that amounts to $2 billion back to consumers.
Allstate (ALL) is issuing a 15% refund for April and May premiums.
Geico (BRK.A, BRK.B) is offering a 15% credit on policies up for renewal between April 8 and Oct. 7.
Liberty Mutual is offering 15% back on two months of premiums.
Allstate said there have been fewer vehicle accidents during the…
