Since many of its clients are effectively self-quarantining at home in the face of the SARS-CoV-2 coronavirus pandemic, Allstate (NYSE: ALL) has elected to give them a break. The company announced Monday that it will hand out a "Shelter-in-Place Payback" refund to most holders of its personal auto insurance policies. The refund will take the form of a payout of 15% of a qualifying customer's monthly premium in both April and May. This will be effected through a credit to the customer's bank account, credit card, or directly to their Allstate account. The insurer said it was working with state regulators to get this done "expeditiously." In total, Allstate says that this initiative is worth $600 million. Image source: Allstate. On top of that, Allstate emphasized in its announcement that customers having a tough time financially can contact the company to request deferring their premium payments without penalty. The company will also consider "pay what you can afford" situations. Additionally, Allstate is making its Allstate Identity Protection product free of charge for the rest of this year, and not only for its customers. Any U.S. resident can sign up for the service this month or next to receive the perk. "We have learned to move quickly and put people first,", the company said of the current situation with the coronavirus, and its reaction to it. "This crisis is pervasive." Investors seem to be signaling approval of this program. In mid-afternoon trading Tuesday, Allstate shares were moving more or less in concert with the wider stock market and numerous top stocks, with a 1.3% gain. 10 stocks we like better than AllstateWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Allstate wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source