Auto Owners Insurance Company – Understand the Benefits

Founded in 1916, Auto Owners Insurance Company is a provider of auto, life, home, and business insurance represented by over 6,000 agencies and 35,000 independent agents in 26 states. Although the Great Depression put an end to many small agencies, Auto Owners survived, paying its claims and continuing to grow. By 1945, Auto Owners expanded into general casualty insurance, and branched out from its home state of Michigan into other states. Subsidiary companies were formed to handle its life insurance and homeowner’s insurance sections.

A.M. Best, an independent rating company, gives Auto Owners a “Superior” rating, the highest available. J.D. Power and Associates gives the auto insurance company an “Above Average” rating in customer satisfaction, and the company is rated 4th among all providers on the Customer Satisfaction Index, with a rating of 815 out of 1000.
Auto Owners Insurances uses the slogan “The No Problem People” for its auto coverage. Independent agents offer liability, comprehensive, and collision products for all types of vehicles, including cars, trucks, recreational vehicles, motorcycles, and antique automobiles.

While Auto Owners is not available in the Northeast, the South and Midwest are well-covered under its plans. Due to the fact that Auto Owners does not operate in some of the highest-claims areas of the country, such as New York and California, the company is able to keep its rates reasonable and serve the people of its covered states.
The company offers a variety of services from its 80 claims offices. After-hours claims, customer choice of repair facility, same-day contact, an “No Problem” glass services are just a few of the benefits of dealing with Auto Owners claims department.

Auto Owners operates through the independent agent system. Because the company does not have dedicated offices, but allows independent agents to offer its products through their own offices, Auto Owners avoids the costs associated with overhead of single agents, and is able to pass those cost savings on to its customers in the form of premium savings. The use of independent agents also allows customers to have a familiar face available when dealing with an auto insurance claim, as opposed to the many “internet only” companies which require customers to do business solely over the internet or telephone. An independent agent located in your town is a familiar figure who can act as a go-between for you and the company in filing or settling a claim.

The company is financially sound, issuing over 4.6 million policies throughout its coverage area. With assets of over $12 billion, the company is able to pay claims quickly and weather the financial storms of the recent economic downturn.
Auto Owners has companies to handle all of your insurance needs. Your life, home, auto, and personal insurance needs can all be met by the same company, and Auto Owners offers discounts for grouping your policies, so that you will get the lowest rates possible on all of your insurance needs.

Auto Owners also offers investment planning and strategy help. For small businesses, investment help combined with insurance coverage may be the most efficient way to handle growth, and using a single company to assist with these challenges can help save money and expand your business.

Leave a Reply