Disclaimer: We are not Auto-Owners Car Insurance Company. Rootfin is considered an independent rating agency, and this Auto-Owners car insurance review is designed to deliver you unbiased and factual data.
This Auto-Owners car insurance review is roughly a 4-min read.
In this review of Auto-Owners Car Insurance Company, we will cover essential topics such as rates, available discounts, and if Auto-Owners makes the most sense for you and your coverage needs.
By the end of this review, you should effectively be able to distinguish if Auto-Owners car insurance would be a top-rated auto insurance company for you to work with.
To save time, use any of our links directly below to skip to a specific section of this post that interest you or that you may need/want further information about:
- Our Auto-Owners Car Insurance Review
- Auto-Owners Car Insurance History and Background
- Auto-Owners Insurance Company Financial Strength
- Auto-Owners Car Insurance BBB Ratings and Complaints
- Auto-Owners Car Insurance Coverages Offered
- Personal Automobile Plus Package
- Auto-Owners Car Insurance Discounts Available
- Cost of Auto-Owners Car Insurance
- Who Should Consider Auto-Owners Car Insurance?
- Rideshare Coverage with Auto-Owners Car Insurance Company
- Pros of Working with Auto-Owners Car Insurance Company
- Cons of Working with Auto-Owners Insurance Company
- Final Thoughts on Auto-Owners Car Insurance
Finally, before diving into the full Auto-Owners review, we understand that you may only need a brief overview of the company and what they have to offer.
Here’s that brief overview for you.
Auto-Owners Car Insurance Company does not offer coverage through online platforms or mobile apps.
Currently, to work with Auto-Owners Insurance Company, you must work with a local independent car insurance agent in your area.
Additionally, Auto-Owners car insurance is currently only being offered in 26 U.S. States, which limits its availability to many consumers.
On the flip side, Auto-Owners car insurance is competitively priced for good drivers and could undoubtedly be one of the best car insurance companies for you to choose to work with.
They offer a unique, comprehensive coverage option that you can read more about below and provide a decent number of discounts to consumers.
That was the fastest way, to sum up, what you need to know about Auto-Owners Insurance Company.
If, however, you need more information about the company to understand if they are the best car insurance company near you, we recommend you read our full review directly below.
Here are the details.
Our Auto-Owners Car Insurance Review
Auto-Owners Insurance Company is a mutual insurance company that currently does its primary business offering auto insurance, homeowners’ insurance, business insurance, and life insurance.
Auto-Owners Insurance is also an insurance group that exclusively only offers individuals to purchase car insurance through a local independent car insurance agent.
Simply meaning, if you prefer to click a button and purchase your own car insurance online or through a mobile app, Auto-Owners car insurance is not for you.
Currently, Auto-Owners Insurance Company is headquartered in Delta Township Michigan and is currently considered the largest insurance company and provider in the State of Michigan.
As of 2019, Auto-Owners Insurance offers car insurance to consumers in 26 states using over 5,500 independent agents as their primary workforce.
Auto-Owners Car Insurance History and Background
Auto-Owners Insurance was founded initially by Vern Moulton in 1916 in Mount Pleasant Michigan.
The company initially operated out of Lansing Michigan until the company was later moved to Delta Township in 1976.
In the beginning, Auto-Owners Insurance only offered coverage in Michigan up until 1935.
In 1935, Auto-Owners expanded into Indiana, and in 1987, they surpassed 1 billion dollars in written premium.
Since 2002, Auto-Owners Insurance Company has been on the Fortune 500, and in 2018, they ranked number 375.
Auto-Owners Insurance Company Financial Strength
Auto-Owners Insurance Company has always been recognized for its great financial stability and track record.
Currently, Auto-Owners has more than 3 million policyholders and is currently being provided an A++ rating from A.M. Best, which is the top rating an insurance company can be provided.
Auto-Owners Insurance Company has also been recognized as one of the best places to work and one of Forbes most trustworthy companies.
Auto-Owners Car Insurance BBB Ratings and Complaints
This is another category where Auto-Owners Insurance shines.
Currently, Auto-Owners has been accredited with the BBB since 2016 and is currently being offered an A+ rating based on 30 consumer reviews.
Additionally, they have had only 113 complaints filed on the BBB that have been closed in the past 36 years.
Auto-Owners Car Insurance Coverages Offered
Auto-Owners Car Insurance offers the same basic car insurance coverages as other top-rated car insurance companies in the industry in addition to a few other coverages.
Here’s a look at the primary coverages offered by Auto-Owners Insurance Company:
- Liability Coverage
- Uninsured Motorist Coverage
- Medical Payments and PIP Coverage
- Collision Coverage
- Comprehensive Coverage
- Bodily Injury Coverage
- Underinsured Motorist
In addition to these coverages offered, you also have secondary coverages you can elect to add to your premium that includes the following.
- Roadside Assistance Coverage
- Rental Car Assistance Coverage
- Loan/ Lease Gap Coverage
- Diminished Value Coverage
- Additional Rental Expense Coverage
Lastly, with Auto-Owners Car Insurance, you have the option to add a large coverage package for one single price that includes fantastic additional perks and coverages that include the following.
The Personal Automobile Plus Package from Auto-Owners Car Insurance
The coverage packages mentioned previously is going to cover all the following items:
- Lost or Damaged Cell Phone
- Expenses Resulting from Identity Theft
- Personal Property That’s Stolen from The Vehicle
- Damaged or Stolen Audio Equipment
- Trip Interruption Coverage
- Transportation Expenses
- Towing Cost
- Damages Travel Trailers
- Lock Rekeying or Lock-Out Charges
- Waived Deductibles in Other Situations or Circumstances
Auto-Owners Car Insurance Discounts Available
Auto-Owners car insurance does offer some money-saving discounts depending on your eligibility.
Here’s a look at the potential savings you could enjoy:
Multiple Policy Discount- Applied to anyone with more than one vehicle or bundled insurance with homeowner’s insurance or another line of insurance with Auto-Owners.
Early Payment Discount- You can enjoy this discount if you pay your bills early or on time for 36 months in a row.
Safety Discounts- Applied if your car comes standard equipped with safety features such as ABS brakes and airbags.
True Ride Safety Discount- This allows Auto-Owners to track your driving behaviors through their mobile app using telematics.
Drivers with safe driving behaviors and low mileage driving can receive a discount on their car insurance.
Green Discount- This applies to anyone driving an electric or hybrid vehicle insured with Auto-owners
Teen Driver Discounts- Applied for anyone who currently is getting good grades and by using a GPS monitor in the vehicle to track driving behaviors.
Additionally, this discount can be applied for students away from home during college that is more than 100 miles away.
Cost of Auto-Owners Car Insurance
It’s always important to understand that auto insurance pricing is not always easy to blanket statement for all individuals.
It’s always going to be based on your specific vehicle, credit history, and driving history.
However, Auto-Owners Insurance is very comparable to other top-rated car insurance companies if you do live in an area that they currently offer coverage too.
When breaking them down against 4 other top-rated car insurance companies, here’s how it played out.
- Shelter Car Insurance Company- Cheapest
- Erie Insurance- 2nd Cheapest
- The Hartford– 3rd Cheapest
- American Family-4th Cheapest
- Auto-Owners-5th Cheapest
Again, this could play out entirely differently for you and your unique background and circumstances.
Your best bet is always to compare rates with several car insurance companies near you to ensure you are getting the cheapest car insurance possible.
Who Should Consider Auto-Owners Car Insurance?
Auto-Owners Insurance is excellent for individuals who prefer a personal relationship with a local agent.
Due to Auto-Owners not allowing or having the abilities to use online platforms and technology to offer comparison tools or coverage purchasing options, you are only capable of purchasing this coverage with a local agent.
Additionally, if you live in a state where Auto-Owners Insurance coverage is offered and believe you may qualify for one or several of their discounts, they are a company worth running a car insurance quote with.
No doubt about it.
Rideshare Coverage with Auto-Owners Car Insurance Company
Auto-Owners is currently not a top 10 rated car insurance company for uber and lyft drivers.
Currently, they don’t have any dedicated or specialized coverages for adding additional coverage and protection for individuals who work in transportation and rideshare services.
Pros of Working with Auto-Owners Car Insurance Company
All car insurance companies are going to have some unique advantages and disadvantages.
After our careful review, here is what we believed to be the biggest advantages of working with Auto-Owners car insurance company.
- Outstanding Service and Financial Strength Record
- Unique Custom Comprehensive Car Insurance Packages
- Personal and Dedicated Agent to Help with Claims and Service
Cons of Working with Auto-Owners Insurance Company
On the flip side, you must take in the weaknesses of a car insurance company.
Here’s what we believe to be the biggest downfalls of working with Auto-Owners car insurance.
- No Ability to Purchase Online
- Only Available in 26 U.S. States
- No Custom Low Mileage Coverage or Rideshare Coverage
Final Thoughts on Auto-Owners Car Insurance Company
At the end of the day, Auto-Owners car insurance is a car insurance company worth running quotes with if you live in an area where they are currently available for coverage.
They have a proven record and a strong financial backbone.
If you are looking for the ability to work with a personal and local agent, they may turn out to be one of your best options for car insurance coverage.
Don’t pay more than you need to for car insurance coverage.