Indiana Department of Insurance Commissioner Stephen Robertson recently approved requests from several auto insurance carriers to offer refunds, credits and other programs for consumers due to the COVID-19 pandemic.
The estimated amount of savings to consumers is more than $129 million. Indiana already is one of the states with the lowest auto insurance rates, according to a news release from the department.
A list of companies offering a program for their customers can be found on the Indiana Department of Insurance COVID-19 actions website at in.gov/idoi/3109.htm under Auto Insurance Rates.
The Department of Insurance protects consumers by monitoring and regulating the financial strengths and market conduct activities of insurance companies and agents. The department monitors insurers and agents for compliance with state laws to protect consumers and to offer them the best array of insurance products available.
The department also assists Hoosiers with insurance questions and provides guidance in understanding how insurance policies work.