April 15, 2020 | Press Releases

Ohio Mutual Announces 25 Percent Premium Credits for Personal Auto Policyholders

BUCYRUS, OH – Ohio Mutual Insurance Group is offering personal auto premium credits on more than 80,000 personal auto policies for an estimated total of $6 million.  This action is in response to the abrupt reduction in driving and corresponding auto claims attributed to the COVID-19 pandemic.

Due to shelter-in-place orders across the country, there has been a significant reduction in personal auto losses. In response, Ohio Mutual is voluntarily providing a 25% personal auto premium credit that applies to an 11-week period (March 16 – May 31, 2020) for all policies in-force on May 31. Credits will be automatically applied to customers’ first invoice after June 1. Those with a balance less than the credit will receive a refund by check.

“Our goal is to do the right thing for our loyal policyholders in response to the sudden impact of the pandemic,” said Ohio Mutual President & CEO Mark C. Russell. “We know that many people are struggling at this time, so Ohio Mutual will continue to provide billing flexibility for customers experiencing financial difficulty, and to support vulnerable members of our community.”

In addition to the billing accommodations and personal auto premium credits, Ohio Mutual has recently made significant financial donations to support the work of the Salvation Army feeding program, the Children’s Hunger Alliance, and local healthcare facilities.

Ohio Mutual Insurance Group, founded in 1901 and based in Bucyrus, OH, partners with more than 400 independent agencies to distribute quality property and casualty insurance products throughout CT, IN, ME, NH, OH, RI, and VT. Ohio Mutual has maintained a rating of “A / Stable” from A.M. Best Co. for 24 consecutive years, and was named to the Ward’s 50 six times since 2009. Additional company information is available at www.omig.com.

More From Ohio Mutual:
Ohio Mutual’s Continued Financial Strength Reaffirmed by A.M. Best
Ohio Mutual Recognizes 2018 Ohio Mutual Crawford Opportunity Award Recipients
Ohio Mutual Receives “A” Rating from A.M. Best for 28th Consecutive Year