Insurance companies should do more to help customers
It is nice that the auto insurance companies have been sending back some premiums, but they should be sending back more to ease the financial suffering caused by this pandemic — this pandemic which has made them a ton of money.
Premiums are the the revenue and accidents are the expenses. A direct proportional relationship exists between the amount we drive and the number of accidents. By some estimates we have driven a minimum of 50% less over the last 8 months, but I have not heard of anyone canceling their insurance.
The auto insurance companies are killing it and sending back a few premiums is not enough.