BATON ROUGE – From the Louisiana Department of Insurance:
Insurance Commissioner Jim Donelon said that the majority of auto insurers in Louisiana are providing premium reductions and rebates to policyholders during the ongoing crisis brought on by COVID-19. Because most drivers are following the stay-at-home order, there are less miles being traveled which has resulted in fewer accidents. As a result of this dynamic, many auto insurers are now sharing their savings with consumers.
“I applaud our auto insurers on supporting their policyholders and our economy with these programs,” said Donelon. “Here in Louisiana, the economic impact of these rebate programs is greater than $187 million in payments returned to the pockets of consumers at a time when it is sorely needed. This list includes 13 of the top 20 auto insurers doing business in Louisiana and it is my hope that the other seven auto insurers will follow suit in this time of crisis for their policyholders brought on by the ongoing COVID-19 pandemic.”
At the time of publication, the insurers below have announced or provided the Louisiana Department of Insurance (LDI) with the details of a rebate or rate reduction program.
| PRIVATE PASSENGER AUTOMOBILE
Companies Offering Premium Payback Due to COVID-19 |
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| Group/Company | 2019 Written Premium | 2019 Market Share | COVID-19 Related Return Premium | # Months Return Premium | Projected Return Premiums |
| STATE FARM GRP | $ 1,442,012,580 | 29.5% | 25% | 2.37 | $ 71,099,231 |
| PROGRESSIVE GRP | $ 803,097,944 | 16.4% | 20% | 2 | $ 26,769,931 |
| BERKSHIRE HATHAWAY (GEICO) | $ 571,941,640 | 11.7% | 15% | 6 | $ 42,895,623 |
| ALLSTATE INS GRP | $ 540,137,655 | 11.1% | 15% | 2 | $ 13,503,441 |
| USAA GRP | $ 294,072,269 | 6.0% | 20% | 2 | $ 9,802,409 |
| FARM BUREAU GRP | $ 262,659,515 | 5.4% | 15% | 2 | $ 6,566,488 |
| LIBERTY MUT GRP | $ 197,963,554 | 4.1% | 15% | 2 | $ 4,949,089 |
| GOAUTO INS CO | $ 163,079,583 | 3.3% | 15% | 2 | $ 4,076,990 |
| SHELTER INS GRP | $ 69,820,682 | 1.4% | 30% | 2 | $ 3,491,034 |
| METROPOLITAN GRP | $ 41,273,185 | 0.8% | 15% | 2 | $ 1,031,830 |
| KEMPER CORP GRP | $ 33,705,462 | 0.7% | 15% | 2 | $ 842,637 |
| HARTFORD GRP | $ 26,937,539 | 0.6% | 15% | 2 | $ 673,438 |
| HANOVER INS GRP | $ 20,640,280 | 0.4% | 15% | 2 | $ 516,007 |
| AMERICAN FAMILY GRP | $ 14,207,687 | 0.3% | $50.00 | ** | $ 256,500 |
| FARMERS INS GRP | $ 7,170,609 | 0.1% | 25% | 2 | $ 298,775 |
| AMICA MUT GRP | $ 4,901,655 | 0.1% | 20% | 2 | $ 163,389 |
| CHUBB LTD GRP | $ 4,819,446 | 0.1% | 35% | 2 | $ 281,134 |
| TRAVELERS GRP | $ 1,276,289 | 0.0% | 15% | 2 | $ 31,907 |
| TOTAL ALL COMPANIES | $ 4,458,444,389 | 92.1% | $ 187,249,854 | ||
** American Family is offering a flat $50 per vehicle
PA Use Only: Chart updated 4/15/20 at 2 p.m.
