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GEICO customers are getting refunds because of the coronavirus

Shelter in place, safer at home orders and stay at home orders have fewer people on the road, and that means fewer crashes.

TAMPA, Fla. — GEICO customers who are renewing auto and motorcycle policies from April through October will get some relief from the company. 

The insurance giant said its customers will be getting about 15-percent back as a credit that can be applied to any new policies purchased during this period. 

GEICO said, overall, policyholders would be saving about $2.5 billion. 

Policyholders don't need to do anything extra to get the credit. They'll just see the discount when they renew. 

“This ongoing crisis has widespread effects that will linger. That is why we wanted to give this credit for at least six months,” GEICO President and CEO Todd Combs said. “Our customers have been loyal, and we are committed to doing all we can to help them.”

Shelter in place, safer at home and stay at home orders have fewer people on the road, and that means fewer crashes. 

Last month, GEICO said it was pausing cancellations of coverage due to non-payment and policy expiration through at least April 30, 2020.

You can find more information about the credit here. 

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