State Orders Car Insurance ‘Stimulus Checks’

State Orders Car Insurance ‘Stimulus Checks’
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Here's what you need to know.


California stated that they will not be giving out stimulus checks to their citizens but rather will make car insurance companies to give out rebates to those who paid too much in premiums.

This is part of a bigger push by the government to make sure insurance companies are not reaping the profits of the policy holders. Health insurance companies as well have been targeted by the government and have been forced to give back rebates to customers who have paid too much in premiums.

Throughout the pandemic, car insurance companies saw a major profit due to people not making claims and just paying the premiums. This forced the government to step in and state that insurance companies have to give back rebates to their customers.