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Progressive to offer $1B in credits to personal auto customers amid pandemic

Progressive Corp. will provide approximately $1 billion of credits to its personal auto customers amid the coronavirus outbreak.

The company will credit 20% of the April premiums in May for its personal auto customers with policies in force as of April 30 and 20% of the May premiums in June for customers with policies in force as of May 31. The credits will be automatically applied to the customers' policies, while customers who have paid fully will receive a refund of the credited amounts.

As part of its Apron Relief Program, Progressive will also credit 20% of the April and May monthly premiums for its commercial lines customers with business owners or general liability policies and will suspend cancellations and nonrenewals due to nonpayment on personal and commercial lines policies through May 15.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.