Auto policy premium rebates

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State Farm, the country’s largest auto insurer, said Thursday it would give policyholders an approximate 25% credit on premiums paid between March 20 and May 31; the credit from the country’s largest auto insurer will return $2 billion to policy holders on 40 million vehicles.

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Progressive Insurance also unveiled a 20% credit on the April and May premiums.

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If you have an active personal auto policy at the end of April, you’ll receive a credit for 20% of your April premium. We’ll offer the same 20% credit to active personal auto customers at the end of May, and we may offer additional credits in the upcoming months.

There’s nothing you need to do. We’ll automatically calculate your credit at the end of each month, and then you’ll see it reflected in your account within a few weeks. If you have a balance on your policy, we’ll apply the credit directly to your remaining balance. And if you’re already paid in full, we’ll return the money to the payment account we have on file—so please make sure your payment details are up to date.

This credit is subject to approval by state regulators.

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