CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / AAA of Southern California Announces Additional $70 Million In COVID Relief For Auto Insurance Policyholders

AAA of Southern California Announces Additional $70 Million In COVID Relief For Auto Insurance Policyholders

January 26, 2021 By CollisionWeek Editor

Free roadside assistance for medical personnel and first responders continues.

AAA members who insure their vehicles through the Interinsurance Exchange of the Automobile Club will receive a fourth premium refund totaling approximately $70 million. This latest COVID-19 financial relief is in addition to almost $92 million in refunds provided in May, $58 million in July and $46 million in November, bringing the total amount returned to Auto Club auto insurance policyholders in Southern California to approximately $266 million.

AAA So Cal Covid ReliefAccording to the financial services publication S&P Global Market Intelligence, the Interinsurance Exchange and its affiliated insurers are among only a few insurance groups in the country to provide additional premium refunds through to the end of 2020. 

For this most recent refund, every policyholder with auto insurance in effect from Oct. 1, 2020 to Dec. 31, 2020 will receive a 10% policy refund. Refunds will be applied as a credit to the member’s premium due. Checks will be issued for policies already paid in full or that were canceled. Members do not need to take any action to receive their refund.

For more than 30 years, the Interinsurance Exchange has paid annual dividends to auto insurance policyholders in California.  Combined with this latest premium refund, the Auto Club anticipates that the amount returned to California policyholders for policies in effect in 2020 will total over $532 million.

The additional relief package is due to continued reduced driving and fewer claims because of the pandemic.

“Ten months after the pandemic began, and with many people running out of assistance, COVID-19 continues to financially harm many people, including AAA members,” said John Boyle, President and Chief Executive Officer. “Since we are seeing fewer claims because of reduced driving, we believe it is important to provide additional help to members in these difficult times.”

Free Roadside Assistance Continues for Medical Personnel

The Auto Club will also continue to provide free roadside assistance services to medical personnel and front-line first responders. The program helps these critical workers if they have a vehicle breakdown, battery problem, or flat tire. Medical personnel and first responders who need a service during this crisis can call 800-400-4222.  Since this program was announced in April, the Auto Club has served more than 6,000 first responders and medical personnel.

 

Filed Under: News Tagged With: Auto Club of Southern California, Coronavirus

Connect

  • Email
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems BASF Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Collision Repair Education Foundation Coronavirus Diagnostics Donations Earnings Florida I-CAR Insurance Auto Auctions Lawsuits legislation LKQ Corporation Mitchell International National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Scholarships Service King Collision Repair Centers Texas United Kingdom Workforce Development

Recent Articles

  • Quality Collision Group Enters Texas Market with Acquisition June 6, 2023
  • ProColor Collision Adds New Collision Repair Center to Network in San Diego Market June 6, 2023
  • Mathieu Côté Appointed Vice-President AIA Canada’s Quebec Division Committee June 6, 2023
  • Fenix Parts Acquires Michigan-Based Fox Auto Parts June 6, 2023
  • Mark Lindner Named President of PartsTrader June 6, 2023
  • NTSB Chair Calls NHTSA Action on Automatic Emergency Braking “Major Leap Forward” June 6, 2023
  • US Light Vehicle Sales Up Over 22% in May Compared to Last Year June 5, 2023

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2023 - QuanDec Corporation - All Rights Reserved · Log in