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We do not include the universe of companies or financial offers that may be available to you. Auto-Owners home insurance policies are roughly 25% cheaper than the national average, making it a relatively affordable option for homeowners in the 26 states where it's available. In addition to already low premiums, it has around a dozen available discounts to further your savings — helping land Auto-Owners a near perfect price rating. In the world we live in today, all of us are vulnerable to situations where we could be found liable.
When examining ratings and rankings from such sources as the Better Business Bureau and AM Best, State Auto holds its own against competing car insurance companies. However, a look at recent customer reviews and the company doesn’t receive high praise for honoring claims. The financial strength rating of an insurance company scores its ability to pay contracts and policies. Each agency has its own standards and rating scale and a company's rating can change any day.
For Businesses
This insurance protects the items in your home, like your furniture. If they're damaged or lost, personal property coverage could help you cover the cost of replacing them. It can help cover the necessary medical expenses in an accident, regardless of who's at fault.
Compare Auto-Owners Insurance to similar homeowners insurance companies using the table below. To get a homeowners insurance quote, you’ll have to call a local Auto-Owners Insurance agent. It has an agent lookup tool on its website, however it does not offer an online quote option. If you bundle home and auto insurance policies with Auto-Owners Insurance, you can save an average of 18% on premiums. Provides additional liability coverage for watercraft that operates at a higher speed or larger boats. Auto-Owners’ endorsement bundle that includes higher coverage limits for refrigerated items, water backup coverage, no deductible for glass breakage, mortgage expense protection, and more.
Customer reviews
You are not required to use Young Alfred as a condition for settlement of your loan. State Auto has an A+ from the BBB and is slightly above average from other financial rating sites. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Protect your home, personal property and more with this coverage. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any financial institution. This editorial content is not provided by any financial institution. The goal of the Credible editorial writers and staff is to help our readers get up to speed on issues surrounding student loans, mortgage, and personal finance, so you can make informed decisions. We’re here to help you stay on top of the latest news, trends, concepts, and changes in policy and regulations.
What is the financial strength rating of State Auto Home Insurance?
This protects you against bodily injury and property damage for which you or the residents of your home are responsible. This covers structures on the residence premises separated from the dwelling by a clear space or connected to the dwelling by a fence, utility line, or related connection. Examples include a detached garage, tool shed, driveway, swimming pool, gazebo, or fence. As a matter of policy, BBB does not endorse any product, service or business. BBB Business Profiles generally cover a three-year reporting period.
They are competitive across product selection, price, and reviews. State Auto has been paying out claims for nearly a century, and its NAIC complaint ratio for homeowners insurance is 0.73, which is better than the industry median of 1.00. Mike LaRocco took the helm of State Auto in 2015, coming from an insurance technology company.
They offer standard add-ons, such as water backup, identity theft coverage, and scheduled jewelry coverage. A traditional Homeowners Insurance Policy can cover damage caused by elements (a.k.a. perils) such as fire, windstorms, hail, lightning and vandalism. You may also want to consider including other optional homeowner insurance coverages and policies depending on your personal needs. An important reminder — damage caused by floods and earthquakes typically will not be covered by basic homeowner insurance policies.
Our nearly century-long commitment to the independent agency system hasn't changed, because our success is built on the strength of our relationships with you. Next to your skill as the skipper, nothing contributes more to your peace of mind while on the water than the right kind of policy insurance. We offer two different coverage packages for Pleasure Boats and Yachts that can easily be added to your homeowner policy. Our auto products give you coverage choices that fit your lifestyle — whether you’re hitting the road every day or just taking occasional trips.
Our affordable Home Systems Protection coverage includes everything from AC units to computers to home security monitoring devices. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.
Potential policyholders who quote before their original policy’s effective date could earn a discount. Savings amounts vary based on how many days in advance the quote has been requested, as well as how long the prior policy has been active. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy. Although this discount does not apply to homeowners who pay through their escrow account. Earn an instant initial 10%5 participation discount - and you could earn up to 50% off of your auto renewal premium for a safe driving score.
