Auto-Owners Insurance Co.: A Mutual Giant in the Auto Insurance World

Auto-Owners Insurance Co., often shortened to Auto-Owners, is a mutual insurance company based in Lansing, Michigan. Mutual insurance companies are owned by their policyholders, rather than shareholders, which can lead to a different focus on customer service and value.

Here’s a closer look at Auto-Owners:

History and reach: Founded in 1916, Auto-Owners has grown to become one of the largest mutual insurance companies in the United States. They offer a variety of insurance products, including auto, home, life, and business insurance. However, they are most well-known for their auto insurance, which is available in 26 states.

Focus on mutualism: As a mutual company, Auto-Owners is committed to returning profits to its policyholders. This can manifest in several ways, such as competitive rates, dividends, and a strong focus on customer service.

Independent agent network: Auto-Owners policies are sold exclusively through independent insurance agents. This means that you can work with a local agent to find the coverage that best suits your needs.

Financial strength: Auto-Owners has a strong financial rating, with an A++ rating from A.M. Best. This indicates that the company is financially stable and able to meet its obligations to policyholders.

Pros and Cons:

Pros:

• Competitive rates
• Strong financial stability
• Focus on customer service
• Dividends for policyholders
• Local agent network

Cons:

• Not available in all states
• Only available through independent agents
• May not offer the same level of online features as some larger companies

Is Auto-Owners right for you?

Whether or not Auto-Owners is right for you depends on your individual needs and preferences. If you’re looking for a competitive rate, strong financial stability, and a focus on customer service, then Auto-Owners could be a good option. However, if you’re looking for an insurance company with a wider range of online features or availability in all states, then another company might be a better fit.

It’s always important to compare quotes from multiple insurance companies before making a decision.

Additionally, here are some resources you might find helpful:

• Auto-Owners website: [https://www.auto-owners.com/]
• National Association of Mutual Insurance Companies (NAMIC): [https://www.namic.org/]
• A.M. Best ratings: [https://www.ambest.com/]

I hope this information is helpful!