VT Department of Financial Regulation Announces Auto Premium Refunds and Reductions
Montpelier, VT – Governor Phil Scott and Department of Financial Regulation (DFR) Commissioner Michael Pieciak today announced that more than forty additional auto insurance companies have filed plans to return premiums or reduce their rates for Vermont policyholders. DFR has moved quickly to approve these plans which amount to over $14.6 million in savings for Vermonters to date.
All Vermont-based auto insurance companies, along with most major out-of-state insurers, have developed refund plans for Vermonters, which combined, represent approximately 90% of all personal auto policies in Vermont. Each of these insurers has seen a reduction in claims as Vermonters do their part to stay home to comply with the Governor’s Stay Home, Stay Safe directive.
