Cheap gas for all, insurance discounts for some: Covid affects driving economy

April 09, 2020, 6:21 AM

Glimmers of hope and good news are hard to find these days, so accept this one like a nugget of not-yet-hardened cheese in a famine: Gas just keeps getting cheaper. You can take imaginary car trips all over the country at a substantial discount. 

Shouldn't you be wearing a glove, gas-pumper? (File photo)

That's just one of the driving-related bright spots The Detroit News found:

Gasoline can be had for under a dollar a gallon at some pumps as demand plummets. A few auto insurers have actually promised rebates on premiums because people are driving less due to stay-at-home orders. A reduction in crashes and traffic fatalities goes hand-in-hand with those reduced miles.

And in states where new cars still can be sold — Michigan is not among them — automakers are offering no-interest financing and record discounts. Buyers can expect those deals to continue as the country emerges from an enforced spring hibernation.

Allstate, Liberty Mutual and GEICO all announced premium rebates or reductions this week.

Another bright spot: The state also reports traffic deaths are trending down, with fewer deaths this March than in the same month of 2019.

Read more:  ThebDetroit News

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Photo Of The Day 

Potd_dequindre_cut_signs_627 Uplifting signs show Detroit pride along the Dequindre Cut.

By: Alan Stamm