For Immediate Release:
April 7, 2020
Contact:
Ben Vihstadt
Benjamin.Vihstadt@nh.gov
603-271-2121
CONCORD, NH – Today, Governor Chris Sununu announced that the New Hampshire Insurance Department approved a plan submitted by Allstate to reduce their auto insurance premiums for New Hampshire policyholders by approximately 15% due to reduced driving during the Governor’s Stay-at-Home Order. This plan will amount to over $2.3 million in savings for New Hampshire residents.
As Granite Staters do their part to stay at home to protect their families, friends, colleagues and others from the virus, the frequency of auto accidents has significantly declined.
“On behalf of our New Hampshire residents, many of whom are facing great financial hardship right now, I want to thank Allstate for taking the initiative to do the right and return these savings to customers as quickly as possible,” said Governor Chris Sununu. ”I urge all other carriers to follow suit for the people of New Hampshire.”
As claims dropped, Allstate approached the Insurance Department for approval of their plan to return money to their policyholders. The Department approved the plan in 24-hours.
“I am thankful that Allstate moved quickly to acknowledge their reduced risk and to ensure their premiums are not excessive,” said Insurance Commissioner Chris Nicolopoulos. “Returning this money to consumer will help alleviate the financial burden that many New Hampshire families are experiencing.”
The Department’s approval provides authority for Allstate to continue reducing premiums if the Governor’s Stay-at-Home Order is extended.
Allstate noted in its press release on Monday that the quickest way for policyholders to receive their payback is to utilize the Allstate mobile app. For more information, visit www.allstate.com.
