Allstate Extends Payback Program, Gives 15% Back For A Third Month

Insurance company Allstate (ALL) has extended its Shelter-in-Place Payback program through the month of June. Through the program, Allstate plans on giving its customers $1 billion back over the next three months as the coronavirus pandemic continues.

Allstate announced its Payback program back in April and is now giving customers a third month of 15% back on their auto insurance premiums. The 15% back also extends to motorcycle insurance holders.

Allstate said the June payment will apply as a policy credit.

Beyond paying its customers 15% for the months of April, May, and June, Allstate is also extending its free identify protection through the rest of the year by signing up with the plan by June 30.

Allstate is looking to help customers that have been impacted by the coronavirus. The company said that those “facing financial challenges can request a special payment plan that delays payments without penalty.”

Shares of Allstate stock were up 0.81% as of 2:49 p.m. EDT on Tuesday.