Is My Insurance Carrier Offering A COVID-19 Discount?

During the COVID-19 pandemic crisis, financial security is a top priority for many people. In fact, thirty million Americans have sought unemployment aid since the virus hit. In addition, a recent survey found that 60 percent of respondents were worried about being able to pay their bills. As people are desperately trying to find ways to cut costs, countless are wondering if they qualify for a COVID-19 discount. Especially if you’re driving less, and spending most or all of your time at home. Right now, car insurance companies across the nation are lowering rates, allowing payment deferments, or even offer safe drivers some stimulus inspired refunds. Your Central Florida auto insurance agents at Kirby Soar Insurance understand you may not feel financially secure right now. Before you do anything related to your car insurance policy, you should read this article.

Less Cars on road COVID-19 discount

Quarantine and Driving

Although statewide stay-at-home and self-quarantine orders in Florida have lapsed, many car insurance companies reported a tremendous drop in the number of “miles driven” by their clients. Thus spurring talk of offering a COVID-19 discount. Having fewer drivers on the road mean there are fewer accidents, and most insurance companies are lowering their rates. However, the number of drivers hitting the road more frequently is about to increase as businesses reopen.

Lapsed Auto Insurance

If you let your coverage lapse in March or April, this could leave you with huge bills if you’re in an accident before you can find a new policy. Canceling your auto insurance also isn’t possible if you’re driving a vehicle with financing on it. However, you can lower your immediate costs—such as reducing your coverage to liability or raising your deductible to decrease your monthly payments.

Lowering Payments & COVID-19 Discount

Canceling your car insurance should be a last resort unless you plan to surrender your driver’s license. Don’t despair, you still have options. First, contact your insurance company and ask to be put on a restructured payment plan. Although, you may not need to do anything. Many insurance providers nationwide are offering a COVID-19 discount in the form of lowering rates and refunding premiums. No questions asked. Others are open to redoing policies, removing extra coverage, raising deductibles, and deferring payments.

Affordable Car Insurance for Polk County Drivers

The professional staff at Kirby Soar Insurance understand that we have to work together to stay safe, healthy, and happy. If you’re not comfortable reaching out to your insurance provider about a COVID-19 discount, we can work with them on your behalf. And if you made the difficult financial decision to let your coverage lapse, we can shop around to help find the best policy for you. If you live in Polk or Hillsborough County, FL, including areas such as Plant City, Valrico, Lakeland, Mango, Brandon, and Mulberry, you need to contact Kirby Soar Insurance. (813)752-1680.