Illinois PIRG applauds state’s move to address pandemic-related auto insurance overcharges

Gina Goldenberg

Former Creative Associate, Editorial & Creative Team, The Public Interest Network

If you think you might have been shortchanged by your auto insurance company during the pandemic, you could be onto something.

New estimates show that insurance companies still owe Illinois residents $896 million in pandemic relief. On March 16, the Illinois Department of Insurance called on auto insurers to provide more detailed data on how much they overcharged Illinois drivers during the first year of the COVID-19 pandemic. The “data call” comes in response to a letter sent in January by 16 state senators, Illinois PIRG and eight other advocacy organizations

“If the data show, as we expect, that insurers made windfall profits during the pandemic, we’ll call on them to issue additional customer refunds,” said Illinois PIRG Education Fund Director Abe Scarr.

While many consumers were driving much less during most of the pandemic, the insurance companies gave back only limited refunds — shortchanging customers by an average of $125 per insured vehicle nationwide.

Read more.

Learn more about our Consumer Watchdog campaigns.

tab

Photo: The analysis of insurers’ 2020 premium and claims results found that insurers obtained $42 billion in excess premiums and only refunded $13 billion. Credit: Anna Kraynova via Shutterstock

Topics
Authors

Gina Goldenberg

Former Creative Associate, Editorial & Creative Team, The Public Interest Network

Find Out More
staff | TPIN

Donate to help keep plastic nurdles out of our waterways

Plastic waste is turning up everywhere. Will you donate to our Fiscal Year-End Drive to help move beyond plastic?

Donate