Auto-Owners Insurance was founded in July 18, 1916 by founder
Vern V. Moulton. The headquarters of Auto-Owners Insurance is located in Delta
Township, Michigan, US. It is a mutual insurance company especially for Life,
Home, Car and Business Insurance. There are more than 37,000 agents nationwide
working with 6,300 agencies and 4,400 employees has been providing direct
services. It has been serving 26 States of USA and Insurance and mutual
insurance funds.
The latest financial reports represents that its net income was
$327.21 million (2009) and Totals assets is $16 billion in 2015. It has $6.3
billion revenue in 2015. The company is working with a slogan The "No
Problem" people. The subsidiary companies includes Auto-Owners Life
insurance company, Auto-Owners Insurance Company, Property-owners Insurance
Company, Home-owners insurance company and southern-owners insurance company.
Auto-Owners Insurance got best auto Insurer in the North Central US in 2013 and
also won 2nd best auto insurer in the Central Region. The overall rating of
this insurance company is A+ according to customer’s satisfaction. Rating Based
used AM Best Financial Strength rating (2013)
Auto-Owners premium is higher than compared with similar policy
at GEICO and Allstate. For example the
Auto-Wonders Premium for 30 years old single male is $696 but rate of premium
with similar plans at Esurance ($652) and Liberty Mutual ($540). Similarly
premium of Auto-owners for 45 years old married couple is $612 but Esurance
offers premium ($584) and Liberty Mutual offers ($528). Some reviews reports
represent that Liberty Mutual's premiums is comparatively cheaper than Esurance
and Auto-Owners.
Personal Automobile plus Package: The Company enhanced
their coverage with the Personal Automobile plus Package to their
policyholders. This policy package may help to provide higher benefits for trip
interruption coverage, coverage of loss of use by theft, and increased
transportation cost coverage. Device Coverage, Identity Protection coverage and
Stereo & Media Coverage included under this package.
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