Insurers should consider refunds of auto premiums to Washington drivers

State Insurance Commissioner Kreidler issues request

Mike Kreidler

Mike Kreidler

State Insurance Commissioner Mike Kreidler on Tuesday urged all insurers doing business in Washington to consider refunding auto insurance premiums to their policyholders since most are driving less.

Kreidler said people are driving less in Washington because of Gov. Jay Inslee’s Stay Home, Stay Healthy order issued in late March and extended statewide through May 4, according to a media release from the state Office of the Insurance Commissioner. The governor said recently that traffic on the state’s roads and highways is down as much as 50% over the last month.

Such a decline reduces the risk of accidents, associated injuries and property losses.

“Some insurers have already stepped up to refund premiums to their policyholders,” Kreidler said in the media release. “I encourage other insurers to consider doing the same during the pandemic. It’s another way the industry can help consumers during a time of great need financially and otherwise.”

Some insurers have already announced refunds nationwide to policyholders. They include:

* Allstate

* American Family Insurance

* Liberty Mutual

Insurers that want to refund premiums for a specific period must submit a rate filing with Kreidler’s office. Kreidler said he is expediting reviews for approval. About 120 companies provide auto coverage in Washington.

Kreidler also noted that more insurers are offering endorsements on existing auto insurance policies to help delivery drivers for retail and service operations during the pandemic and stay-home order. The commissioner recently urged insurers to help out.

The endorsement doesn’t apply to people who drive for other commercial reasons, including rideshare or any commercial delivery businesses. The endorsement would remain in effect as long as the emergency order is in place.

If you are conducting delivery for a business during the emergency and aren’t sure if your auto policy covers you for that use, contact your insurer.


Talk to us

Please share your story tips by emailing editor@federalwaymirror.com.

To share your opinion for publication, submit a letter through our website https://www.federalwaymirror.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) Please keep letters to 300 words or less.

More in Business

Robert Toomey, CFA/CFP, is Vice President of Research for S. R. Schill & Associates on Mercer Island.
Is cryptocurrency really an investment? | Guest column

Undoubtedly you have heard about the new form of money known as… Continue reading

Stock photo
Grocery store workers have right to wear Black Lives Matter buttons

National Labor Relations Board ruling against ban by Kroger-owned QFC, Fred Meyer

Courtesy photo
The Cove Apartments to host open house Sept. 11

Attendees welcome to view the newly renovated apartment units.

Rice and noodle bowl with marinated chicken and tofu from the newest Sizzle & Crunch location at 31448 Pacific Highway S. in Federal Way. Olivia Sullivan/the Mirror
Sizzle & Crunch Vietnamese Grill opens new restaurant in Federal Way

Grand opening weekend to be celebrated Sept. 3-5.

Rudi Alcott has been named publisher of the Daily Herald in Everett. In Federal Way, city leaders awarded him a Key to the City in recognition of his civic service and as the Mirror’s longest-tenured publisher. File photo
Rudi Alcott named publisher of The Daily Herald in Everett

Federal Way Mirror’s longest-tenured publisher was awarded a Key to the City in recognition of his civic service.

Photo by Andy Hobbs/Federal Way Mirror
Federal Way Chamber CEO Becca Martin greets the audience before giving a “State of the Chamber” update during the membership luncheon Aug. 4 at the Performing Arts and Event Center.
Martin gives annual State of the FW Chamber address

The Greater Federal Way Chamber of Commerce celebrated a return to in-person… Continue reading

A Darigold dairy worker practices picketing as a strike is approved by the union. Photo courtesy of Julia Issa
Puget Sound Darigold workers on verge of strike amid contract negotiations

Workers cite lack of medical leave, outsourcing and bad-faith negotiations as reason for strike.

Courtesy photo
Curves reopens Federal Way gym at full capacity

The Federal Way all-women gym is located at 32020 1st Ave. S.

Dave and Buster's restaurant and entertainment venue looks to hire 130 people to staff its Bellevue venue, set to open in August. Photo courtesy Dave and Busters.
Dave and Buster’s hiring 130 for August opening in Bellevue

Dave and Buster’s restaurant and entertainment venue opens in downtown Bellevue on… Continue reading

MultiCare Tacoma General Emergency Federal Way is located at 29805 Pacific Highway South in Federal Way. Olivia Sullivan/the Mirror
MultiCare Tacoma General opens new emergency department in Federal Way

New 24-hour location provides care for illness and injuries as well as diagnostic services.

The Goodwill thrift store is located at 32521 Pacific Highway South in Federal Way. Photo by Anthony Sullivan
Goodwill store temporarily closed after fire damages building

A fire on May 21 caused about $20,000 worth of damage to the building.