According to the Insurance Information Institute, insurance companies in the United States have issued over 14 billion dollars in premium refunds and credits since the start of COVID-19. Perhaps you were among the many Americans who saw one of these credits" With the pandemic, our dormant cars caused a 10 percent drop in auto insurance expenditures between June 2019 and June 2020.

Why The Refunds" 

The Institute of Transportation Engineers maintains an ongoing archive of how COVID-19 has changed traffic patterns across the United States. Cities of all sizes reported reductions in daily traffic, which inevitably fueled the recent string of auto insurance refunds.    

For example, in the last two weeks of March, a 30 percent reduction in vehicle miles traveled was recorded in the San Francisco Bay Area and Los Angeles County. Traffic delays and congestion in the Bay Area and Los Angeles dropped by an incredible 80 percent during that timeframe. Outside of California, Detroit and Seattle saw the most substantial declines in traffic. 
By contrast, Fort Collins, Colorado, reported travel reductions between 45 and 55 percent, while traffic in Overland Park, Kansas, was anywhere from 50 to 60 percent below normal between March 25th and April 19th. Meanwhile, in Wisconsin, officials say traffic levels decreased by more than 40 percent. Likewise, Sioux Falls, South Dakota, the state’s largest city, sa...