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
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 the term.
What do I need to do to receive my premium
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
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 been applied?
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
We will continue to monitor
state mandates and the impact of Coronavirus (COVID-19) to
determine if any additional actions are warranted.