You will not see a credit applied to your policy. Instead, you will receive a refund check. See the
" Update On Our Premium Reduction Plan
" for more information.
Who is eligible to receive the 25% premium reduction?
Farmers Insurance Hawaii
auto policies that were active on April 1, 2020 qualify for
the premium reduction. Policies canceled on or after April
2, 2020 will still qualify, as they were active on April 1,
Who is not eligible to receive the 25% premium
New Farmers Insurance Hawaii
auto policies that were purchased or effective after April
1, 2020 will not qualify for the April reduction.
Note: You may qualify for the May premium reduction. See
" FAQs: Additional
15% reduction for May
" above for more detail on
How is the premium reduction calculated?
Here's how the reduction is calculated:
- Start with the amount of the premium that was in
effect on 04/01/20, excluding any fees.
- Next, divide by 6, the length of your policy
- Then multiply by 0.25. The result is the total
premium reduction for both March and April.
For example, if on April 1 your full-term six-month premium
- Take $1,000, divide by 6 months = $166.67. This
is the amount you pay monthly.
- Then multiply $166.67 x 0.25 = $41.67 premium
* Other factors could affect
this estimate such as amendments made to your policy during
What do I need to do to receive my premium reduction?
There is no action required
by you. The reduction will be applied directly to your
current policy balance. If you recently paid your account in
full or the reduction results in a credit balance, we will
issue you a refund check for the amount remaining on your
When will my account reflect the premium reduction?
We are making the necessary
modifications to our billing systems. We anticipate that the
premium reductions will start being processed within 30
How will I be notified when the premium reduction has
You will receive a letter
confirming the premium reduction, once it has been applied
to your policy.
Will there be additional reductions or credits in the
We will continue to monitor
state mandates and the impact of Coronavirus (COVID-19) to
determine if any additional actions are warranted.