As per ERIE Insurance Group press release on Monday April 20, 2020.
“The auto insurance rate reductions announced recently will provide longer-term financial relief. Today, we are announcing additional, immediate financial relief through $200 million in dividends to be paid directly to personal and commercial auto insurance customers across our footprint.”
We hope to gain prompt regulatory approval in those states that will require it. A few key details as we move forward:
Annual Auto premium as of April 1st x 30% divided by 6.
Example: $1,200 x 30% divided by 6 = $60 check to be received in mid-May.
For additional information please log on to www.Erieinsurance.com