3.33%
Thread Starter
Senior Member
Joined: Nov 2011
Posts: 308
Likes: 22
From: Houston TX
2015 E400
3.33%
Just received the fol email from my auto insurance company, USAA:"One result of the COVID-19 pandemic is fewer drivers on the road and fewer accident claims, so we're returning a portion of your premium to you. You will receive an auto policyholder dividend equal to 20% of two months of auto insurance premiums. There is no need to call or take any action. To keep it simple, the following amount will be credited to your next bill:
$87.84
So 2 months is One-Sixth of a year (16.66%) & 20% is another One-Fifth (20%) = 3.33% refunded
Wooo-Hooo!!! This, plus waitin' for our stimulus check (which we don't qualify for). What a week !!!
$87.84
So 2 months is One-Sixth of a year (16.66%) & 20% is another One-Fifth (20%) = 3.33% refunded
Wooo-Hooo!!! This, plus waitin' for our stimulus check (which we don't qualify for). What a week !!!
Junior Member
Joined: Jul 2019
Posts: 51
Likes: 12
From: Colorado
2015 E350
I got a letter from Travelers offering a 15% reduction for the same reasons. I insure 8 cars, and 5 of them rarely get driven. Not even once a year for some. I have yet to hear a justification as to why it is ok to charge full price for all of the cars, when I can only drive one at a time.
MBWorld Fanatic!
Joined: Apr 2006
Posts: 4,694
Likes: 1,829
From: Dallas-Ft.Worth,TX
2016 E350 Sport
Some policies sold through AARP are offering rebates. Mine was credited to my CC automatically.
Quite a surprise, really, as I expect less than nothing from a blood-sucking auto insurance company... the only legal ponzi scheme industry in the US.
Quite a surprise, really, as I expect less than nothing from a blood-sucking auto insurance company... the only legal ponzi scheme industry in the US.
MBWorld Fanatic!
Joined: Jan 2009
Posts: 9,224
Likes: 1,798
From: V E G A S
1922 Ford Model T / no OBD
I got a letter from Travelers offering a 15% reduction for the same reasons. I insure 8 cars, and 5 of them rarely get driven. Not even once a year for some. I have yet to hear a justification as to why it is ok to charge full price for all of the cars, when I can only drive one at a time.
Each state is different, but considering costs it is worth checking.
To get it back registered - Geico will do renewal over the net in just minutes, when Vegas DMV has 1 week wait time for appointment and than it is about 1/2 hr. (when they were open before Corona hit).
In CA appointments were over 2 weeks wait and then office line could add 2 hr.
Last edited by kajtek1; Apr 29, 2020 at 09:48 AM.
Banned
Joined: Oct 2005
Posts: 4,957
Likes: 1,640
I got a letter from Travelers offering a 15% reduction for the same reasons. I insure 8 cars, and 5 of them rarely get driven. Not even once a year for some. I have yet to hear a justification as to why it is ok to charge full price for all of the cars, when I can only drive one at a time.
Allstate has refunded me the same 2 months prorated amount, which is a half-hearted gesture.
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Senior Member
Joined: Nov 2018
Posts: 443
Likes: 69
From: California
2013 E550 4MATIC - P1, P2, SPORT
Whining about almost $90? I got a credit for like $25. I also don't qualify for any of the "stimulus" crap either. No sympathy... but also not on here complaining about it.
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MBWorld Fanatic!
Joined: Jan 2009
Posts: 9,224
Likes: 1,798
From: V E G A S
1922 Ford Model T / no OBD
I think there is lot of crap about all those packages.
I bet lot of people cancel or lower the insurances, so there is less income, yet they offer discount. Go figure how much they had to make on you before to afford giving money back?
Than I hear NY major this morning and I really like his down to earth logic.
Why make airshow tributes over hospitals, where nurses are not getting any premium for the high risk involved those days.
Than why some states got stimulus packages higher than any annual taxes they ever paid to federal reserves?
Subsidize airlines, where 90 % of small business is down?
I bet lot of people cancel or lower the insurances, so there is less income, yet they offer discount. Go figure how much they had to make on you before to afford giving money back?
Than I hear NY major this morning and I really like his down to earth logic.
Why make airshow tributes over hospitals, where nurses are not getting any premium for the high risk involved those days.
Than why some states got stimulus packages higher than any annual taxes they ever paid to federal reserves?
Subsidize airlines, where 90 % of small business is down?
