Last Updated: August 2019
Disclaimer: We are not Shelter Car Insurance Company. This Shelter Car Insurance review is being provided in order to help you determine if Shelter Car Insurance is the best option you can choose for coverage.
This Shelter Car Insurance review is roughly a 5-min read.
In this review, we are going to cover a wide range of topics including the car insurance coverages offered by Shelter, discounts available, and how Shelter’s rates stack up against the competition.
Below, you can easily use the links to skip to any specific section of this post that interests you or that you would like to learn more about:
- Our Shelter Car Insurance Review
- Shelter Car Insurance History and Background
- Shelter Insurance Company Financial Strength
- Shelter Insurance Company BBB Ratings and Complaints
- Shelter Car Insurance Coverages Offered
- Available Discounts with Shelter Car Insurance Company
- Cost of Shelter Car Insurance
- Who Should Consider Car Insurance?
- Rideshare Coverage with Shelter Car Insurance
- Pros of Choosing Shelter Car Insurance
- Cons of Choosing Shelter Car Insurance
- Final Thoughts on Choosing Shelter Car Insurance
Additionally, we wanted to be sure that if you were in a hurry that we provided a fast snapshot of Shelter Car Insurance Company.
Here is that fast overview for you.
Shelter Insurance Company is a great car insurance company for individuals located in the Central and Midwest regions of the U.S.
Shelter offers a generous number of discounts to consumers and can be one of your cheapest car insurance options if you have a clean driving record and bundle other lines of insurance.
However, Shelter is only available in 15 U.S. States and does have limited options in other vital areas such as online purchasing capabilities and SR-22 Coverage.
Shelter Insurance is not the best insurance company for young drivers but is a top-rated company for older and matured drivers with clean credit history and clean driving history.
Overall, Shelter is worth running a quote with.
Especially if you have other lines of insurance with Shelter currently.
That was the quick overview of Shelter Insurance Company.
If you have the time to read on, we recommend checking out our full Shelter car insurance review below.
Here are the details.
Our Shelter Car Insurance Review
Shelter Insurance Company is a mutual company that currently serves a majority of the central and Midwest region of the country.
In fact, Shelter currently has a limited availability that you can see by the states listed directly below:
Shelters primarily lines of insurance focus and center around auto insurance, homeowner’s insurance as well as business insurance and life insurance
Shelter is currently headquartered in Columbia Missouri, and after reading several reviews and doing some additional digging, we learned quickly that if you live in these areas, Shelter Insurance Company may in fact be one of the top-rated car insurance companies you can choose for coverage.
Shelter Car Insurance History and Background
Shelter Insurance Company was originally founded in 1946 as an insurance subsidiary of the Missouri Farmers Association (Also Known as MFA Incorporated).
When Shelter Insurance was originally founded, it was known as the MFA Mutual Insurance Company.
The name Shelter was not born until a popular slogan of MFA Mutual became their well-known slogan that many of you may remember.
“M.F.A Is Your Shield of Shelter”
Shelter Insurance continues to remain the pillar company in local communities in the Midwest, offering scholarship funds through the Shelter Insurance Foundation as well as Partnering with Local High Schools and the United Way.
Shelter Insurance Company Financial Strength
Shelter Insurance Company is currently holding consistent and stable financial strength ratings.
As of 2019, Shelter Insurance is being rated as an A “Excellent” by A.M Best and currently has more than 1.5 billion dollars in written premium and more than 26 billion dollars’ worth of life insurance in force as of 2017.
Additionally, in 2017, Shelter had a comfortable 1.9 billion dollars surplus and more than 5 billion dollars in assets under management.
Shelter Insurance Company BBB Ratings and Complaints
Customer satisfaction is one area where Shelter Insurance seems to excel against the competition.
J.D. Power and Associates rated the customer experience with Shelter Insurance as above average with less than average complaints filed against them compared to other car insurance companies that are relative in size.
Currently, Shelter Insurance Company is being provided an A+ rating from the BBB and a 5 out of 5 score.
Shelter only had a few dozen total complaints filed on the BBB website, which is certainly a positive sign that Shelter takes customer satisfaction and experience very seriously.
Shelter Car Insurance Coverages Offered
Shelter’s primary car insurance coverages offered are going to resemble the same coverages you see with nearly any other car insurance company in the market.
These basic coverages include the following options:
- Medical Payments
- Bodily Injury Coverage
- Uninsured Motorist Coverage
- Liability Coverage
- Comprehensive Coverage
- Collision Coverage
- Personal Injury Coverage
In addition to these coverage options with Shelter Insurance Company, you also have secondary car insurance coverage options that include the following:
Gap Insurance- This coverage pays the difference between the payout of collision coverage and the amount you still owe on your financed car.
Roadside Assistance- This coverage will take care of labor and towing cost that is required to get your vehicle to a service center after an accident occurs or from mechanical breakdown.
Rental Reimbursement Coverage- This takes care of the cost associated with needing a rental vehicle while your primary insured vehicle is undergoing its repairs.
Loss of Use- Provides a single payment in order to help take care of cost associated with living expenses that arise from you no longer having the use of your vehicle.
Accidental Death Coverage- This is a coverage you don’t see as frequently with other auto insurance companies.
This coverage is going to pay out if you or your spouse dies in a car accident or if you are hit by a car.
Disability Income Coverage- This is also a nice added coverage that we don’t see often.
With Shelter, if an accident occurs that leaves you unable to work, Shelter will provide you with a weekly check to help you provide yourself an income for up to one year.
Available Discounts with Shelter Car Insurance
This is another area of Shelter car insurance that does an above-average job.
They offer several discounts to individuals seeking car insurance including the following:
- Anti-Theft Discount
- Bundling Coverages Discount
- Defensive Driving Course Discount
- Good Student Discount
- Loyalty Discount
- Homeowners Policy Discount
- Multiple Vehicle Discount
- Military Discount
- Air Bag and Additional Safety Devices Discount
- Accident Prevention Courses Discount
- Window Etching Discount
- Paid in Full Discount
- Business Auto Insurance Discount
Cost of Shelter Car Insurance
Compared to other companies offering car insurance coverage, Shelter could be a viable top choice.
However, Shelter is known to ding young drivers with little driving experience, thus making them not the best car insurance company for these specific individuals.
Drivers who don’t fall into this category and who live in an area where Shelter car insurance if offered may find Shelter car insurance very comparable or cheaper than other top-rated car insurance companies such as the following:
- Farmers Insurance Company
- State Farm Insurance Company
- Geico Insurance Company
- Allstate Insurance Company
Something to always keep in mind about purchasing car insurance is that it’s never a one price fits all situation.
Car insurance rates are calculated based on unique factors such as driving history, the vehicle insured, and even marital status.
This is one of the primary reasons we always suggest comparing rates with multiple car insurance companies near you to find the best overall rates for your specific needs.
Who Should Consider Shelter Car Insurance?
Overall, individuals who feel they can qualify for several of Shelter’s discounts, and individuals who currently have other lines of insurance with Shelter such as homeowners should undoubtedly compare car insurance quotes with Shelter.
Additionally, anyone who isn’t a big fan of the online shopping platforms and prefers the help of a local agent should consider purchasing car insurance with Shelter Insurance Company.
Rideshare Coverage with Shelter Car Insurance
On Shelter’s website, they do claim that they offer car insurance for uber and lyft drivers, but they do not dive into the specifics.
It appears that rideshare coverage is something that Shelter Insurance Company currently offers but it’s always best and advised to speak to an agent about what the specific rideshare coverage will cover and what it will not cover.
Pros of Choosing Shelter Car Insurance
All car insurance companies have strengths and weaknesses.
After our careful review of Shelter, here is what we believe would be their top strengths.
- Local Independent Agents and Personal Touch
- Generous Number of Discounts Available
- Highly Rated Company with Strong Customer Service Ratings
Cons of Choosing Shelter Car Insurance
On the flip side, we believe these to be the most significant drawbacks of Shelter Insurance Company.
- No Online Purchasing Options and Weak Technology
- Not the Best for Young Drivers and No SR-22 Insurance Coverage Options
- Limited Availability (Primarily Midwest Based Car Insurance Company)
Final Thoughts on Choosing Shelter Car Insurance
If you currently reside in a state where Shelter car insurance is offered, we highly recommend comparing rates and running a quote with them.
They are hands down one of the best options for consumers located in the central and Midwest regions of the country.
However, as always, you should always be comparing rates with multiple car insurance companies before ultimately making your final decision.
Best of luck in your search.