Disclaimer: We are not The Hartford Insurance Company. We are providing this Hartford Car Insurance review as a source of unbiased and legitimate facts about The Hartford Insurance Company.
This Hartford Insurance review is roughly a 5-min read.
If you don’t have 5 minutes to spare and need a quick summary of The Hartford, we wanted to be sure we delivered that well.
Here it is:
The Hartford Insurance Company has been in operations for over 200 Years.
They are known to be above average for customer satisfaction and are rated above average by J.D. Power and Associates for the actual car insurance purchasing process.
The Hartford does crack the top 10 for the cheapest car insurance coverage options you can choose, but other companies can potentially offer better coverage at lower rates.
Currently, The Hartford does not offer rideshare coverage and has limited discounts available to consumers.
Especially if you live a state where discounts are more limited than others.
The Hartford is not known to be the best car insurance company for young drivers or drivers who are not currently AARP members.
AARP members enjoy better rates and additional coverage options.
Overall, The Hartford is a great car insurance company, but we highly recommend comparing rates with multiple car insurance providers before drawing any conclusions.
That was your quick summary of The Hartford Insurance Company.
If you do have the previously mentioned 5 minutes to spare and need more detailed information, we highly recommend checking out our full Hartford Car Insurance review below.
Additionally, you can navigate this article with ease using any of the links directly below to navigate to that specific area of the post
Here is what our review of the Hartford Car Insurance will cover:
The Hartford may not be the largest car insurance company on the market, but they certainly would be considered one of the best car insurance companies you can choose.
Currently, The Hartford is known for outstanding customer satisfaction, and although they don’t crack the top ten for the largest property and casualty providers in the country, they still come in ranked #12 which is no small accomplishment.
The Hartford currently offers auto insurance, homeowners’ insurance, group benefits and offers Mutual funds to consumers.
While the Hartford is clearly a great car insurance company and backed by a reputable name and brand, the full review below will help provide much more of the specifics on topics such as rates, discounts and if they are the company to choose or not.
Here are the details.
Our Hartford Car Insurance Review
The Hartford is short for The Hartford Financial Services Group Inc and operates as a United States-based investment and insurance company.
The Hartford divides its earnings through three primary categories of services which include property and casualty insurance, group benefits as well as Mutual Funds.
The Hartford is primarily operated through its workforce of agents and brokers which many consumers prefer since brokers often offer clients more options and can tailor make insurance solutions for specific needs and circumstances.
The Hartford has perhaps the most impressive track record and longest history offering car insurance over two centuries ago.
Not many auto insurance providers can say the same, but plenty of other details should be considered about a car insurance provider before ultimately deciding who you will eventually place your car insurance with.
The Hartford Insurance Company History and Background
Like stated previously, The Hartford has perhaps the longest amount of time in the car insurance industry.
The Hartford was originally founded in 1810 in Hartford, Connecticut.
Yes, you read that correctly.
The Hartford is going on 210 years in operations.
The Hartford was a group of local merchants who originally gathered at the Hartford Inn and began the company with only 15,000 dollars of working capital and began what was initially known as the Hartford Fire Insurance Company.
The Hartford has been through some ups and downs and survived some of the worst economic times in U.S. History.
Furthermore, The Hartford remained in business after surviving the massive fire that engulfed the New York Financial District back in 1835.
At the time Eliphalet Terry had to use his own wealth to help pay the claims from the fires.
Things didn’t get much easier during the early years as Eliphalet would have to dig back into his own pockets.
This time, the money was to cover the fires that were known as catastrophic events that damaged Chicago in 1871 and the 1906 San Francisco Earthquakes and Fires.
The Hartford initially chose the male deer as the logo to symbolize the medieval times when the fully matured male deer was known as “The Hart.”
In 1959, The Hartford expanded its business into life insurance by acquiring The Columbian National Life Insurance Company.
In 1970, ITT corporation acquired the Hartford for 1.4 Billion dollars, and in 1970 this was known as the largest acquisition in US History.
Through all the tough beginnings, acquisitions and centuries in business, The Hartford is a company that’s dedicated to remaining a top insurance provider in the country.
With that being the case, it’s always imperative to research a car insurance company’s financial strength.
Here are the details.
The Hartford Financial Strength Ratings
As of August 2018, The Hartford has nothing to worry about when it comes to financial strength ratings.
Currently, The Hartford is being provided the following financial strength rating from A.M. Best Company.
A.M Best- A+ (Superior)
Additionally, The Hartford not only is supporting one of the top ratings that can be provided but has held this top rating for over four years dating back to 2015.
Auto insurance companies can tend to have some fluctuation from time to time in financial ratings based on how the previous year turned out for the company.
For example, if an insurance company was hit with an overly large number of claims or unfavorable underwriting results in any given year, you may see that company change from an A+ rating to an A rating.
Typically, this would be considered a downgrade.
The mere fact the Hartford has held such high and stable ratings for this length of time is 100% a testimony to the company’s financial management of assets and favorable business model.
The Hartford BBB Ratings and Complaints
Currently, The Hartford Insurance Company is not accredited with the BBB, but this doesn’t necessarily indicate anything negative about a car insurance company.
However, the BBB is still providing The Hartford with an A+ BBB rating and a total of 307 complaints in the last three years have been filed.
This is not a large number by any means and nothing to be concerned with.
Typically, you see this number of complaints regarding billing and claims processes with insurance companies.
Car Insurance Coverages Offered by The Hartford
Now it’s time to look at the coverages currently being offered by The Hartford.
Currently, The Hartford offers all the same coverages you will find with most car insurance companies.
The Hartford run its auto insurance policies through AARP, and these auto insurance policies will automatically include the following coverages and benefits.
Lifetime Renewability- Anytime you have coverage with The Hartford, the company will never deny you coverage assuming you always remain a loyal premium payor.
Additionally, for this benefit to remain, you must have a valid driver license and live in a state where this coverage is currently offered.
AARP Discount- All individuals who purchase auto-insurance receive a discount if they are currently AARP members.
Recover Care Coverage- This coverage will pay for your transportation cost, cooking, and even cleaning if you can’t perform these functions on your own following an automobile accident.
New Car Replacement- This coverage will be in place if your current insured vehicle is totaled with 15,000 miles or 15 months of purchase.
In this situation, The Hartford will pay for the cost of a new vehicle, not the depreciated value of your car.
Other and Additional Auto Insurance Coverages Offered by The Hartford
The coverages listed below are going to be available at an additional cost or inflated premiums.
Accident Forgiveness- This coverage allows you to have one at-fault accident occur without your premiums being adjusted or inflated.
Disappearing Deductible- This coverage will continue to shave 50.00 dollars per year off your collision coverage deductible until it reaches 0 dollars total.
Waiver of Deductible- The Hartford will allow you to pay no deductible for repairs and coverage in an accident that’s not caused by you.
This is a unique coverage that not many other car insurance companies are offering.
100 Collision deductible Reduction- This can be applied for your repairs after a claim has been made.
Currently, this added coverage is not available in every US State.
What Makes the Hartford Unique?
That Hartford Insurance company is unique from a few different angles.
First and foremost, any car insurance company that has been around since 1810 is in a class of their own, and there is no doubt that they place heavy value on their policyholders.
Additionally, the waiver of deductible coverage offered by the Hartford is unique in its own.
Does the Hartford Offer Rideshare Coverage?
Currently, The Hartford does not offer car insurance coverage for Uber and Lyft drivers or other rideshare services drivers.
This is one of the downfalls of The Hartford.
If you are an individual that needs rideshare coverage, we recommend you look at other car insurance companies such as State Farm Insurance Company.
State Farm currently offers rideshare coverage in nearly every U.S. State.
Discounts Available with The Hartford?
Currently, The Hartford does offer some discounts that can certainly save you money on your car insurance.
Here’s a look at them:
Anti-Theft Device- This allows you to save money on your comprehensive coverage with The Hartford
Air Bag Discount
Hybrid Vehicle Discount
Driver Training Discount
Good Student Discount- Requires a 3.0 GPA or to be in the Top 20% of your class.
Defensive Driver Discounts
Bundle Discount- Available If you purchase two lines of insurance with The Hartford which can include homeowner’s insurance or a second vehicle.
Paid in Full Discount
Cost of The Hartford Car Insurance
Anytime you are trying to find the best car insurance in your area; price is one of the most significant considerations you must make.
Currently, The Hartford is not your cheapest option for car insurance.
If you are looking to use the Hartford for car insurance, you have cheaper options that would include the following car insurance companies in this exact order.
Geico- Second Cheapest
State Farm- 3rd Cheapest
Allstate- 4th Cheapest
The Hartford- 5th Cheapest
Clearly, if the price is one of the most significant factors for you, it’s a good idea to shop those other companies first.
It’s why we always recommend reading these independent reviews and comparing rates with multiple car insurance companies in your area.
However, keep in mind that although Hartford is not the cheapest option for the average consumer, does not mean they won’t be the most affordable for you.
Car insurance rates are unique to the individuals purchasing coverage and exclusively based on the vehicle needing to be insured.
For example, if you are a current AARP member, the Hartford may be the best company for you.
Pros of Choosing to Work with The Hartford
All car insurance companies are going to be better at certain things and not great in other areas of the business.
Here’s a look at the top advantages of working with the Hartford for car insurance coverage
- 12 Month Rate Protection
- Accident Forgiveness
- In Business Since 1810
- Disappearing Deductible Coverage
- Can’t Refuse Individuals to Renew Coverage
Cons of Working with The Hartford
Of course, when you have advantages, you also have disadvantages.
Here are the negatives to choosing The Hartford for your car insurance coverage.
- Cheaper Auto Insurance Is Available
- No Rideshare Coverage Available
- Better Purchasing Platforms Are Available
- Discounts May Be Limited Based on State Availability
Final Thoughts on The Hartford Car Insurance
I think everyone would agree that operating since 1810 is impressive by itself.
We certainly think it’s a strong point of working with The Hartford.
However, we also know that you can likely find cheaper car insurance coverage and can find a company that can offer more robust coverage to protect you in the event tragedy does strike.
Therefore, comparing rates with multiple car insurance providers is always priority number 1.
It’s the only way to ensure you are going to get the best car insurance coverage at the lowest possible price.