Auto-Owners Insurance is one of the leading property and casualty insurance companies in the United States. It was founded in 1916 by Vern V. Moulton. The company is headquartered in Lansing, Michigan, and provides coverage in 26 states through 48,000 licensed independent agents. On the company`s website, policyholders can make payments, find policy documents, report a claim, or find contact information for their local representative. The states for which car owners offer coverage are Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Virginia and Wisconsin. The company has been a member of the Fortune 500 since 2003.  In 2020, auto owners` insurance was ranked number 320.  The Automobile Owners Insurance Group is a mutual insurance company that provides life, home, auto and business insurance. Their policies are sold exclusively through local, independent insurance agents in their 26 operational states.  A company`s debt-to-equity ratio is a good indicator of its financial strength when used with other measures and factors. A leverage ratio of less than one indicates how a company`s assets are financed.
Because car owners are a mutual company, it has no shareholders to pay dividends to – the company keeps profits or pays dividends to policyholders. Auto-Owners Insurance offers home insurance policies to clients through its network of independent agents. There are more than 35,000 independent agents serving 26 states. The company has a customer center where you can sign up for billing services and make payments online, as well as view your policy and billing information. Mr. Moulton founded his insurance company in a room in a bank building. At first, the company only bought car insurance. In the 1940s, auto owner insurance entered the accident insurance market and began offering personal property insurance and commercial accident insurance, including home, life, auto and commercial insurance. For customers who want to save paper and use the company`s online services, you can get a “green insurance discount.” You can purchase several types of optional coverage to supplement your home insurance policy, which can cover: For more information about Auto-Owners Insurance`s home insurance policy, visit the Auto-Owners Insurance website or call (517) 323-1200. You can also use Agent Locator to find an independent insurance agent at one of the many offices in 26 states.
The company has also survived several economic fluctuations throughout its existence – wars, depressions, recessions and natural disasters – and has proven its ability to operate in many circumstances. The car owners are also a Fortune 500 company and have been Great Place to Work certified. Auto-Owners Insurance became a Better Business Bureau (BBB) accredited company in 2016 and has an “A+” rating. The company has a composite BBB score of 1.44 out of five stars, based on 39 customer reviews and 84 customer complaints. The complaints fell into the following categories: The company consists of one life, health and annuity insurance company and five property and casualty insurance companies. Auto owner insurance has annual revenues of more than $8.2 billion and is on the Fortune 500 list. The company operates from more than 65 locations in the United States. These factors lead insurance rating organizations such as A.M. Best to give the company a financial strength rating of A++ (higher). This combined assessment determines claims and customer service scores, the percentage of customers planning to renew, the price and value of the policy, and the percentage of customers who would recommend the business to others. Auto-Owners began purchasing insurance in Indiana, its first state outside of Michigan, in 1935. They have continued to add states and now offer insurance in 26 states through independent local insurance agents.
In 1916, Vern V. Moulton and four other partners founded the Auto-Owners Insurance Company in Mount Pleasant, Michigan. In 1917, the company moved its headquarters to Lansing, Michigan, where the headquarters remained.  As a homeowners` insurance customer, you are entitled to several discounts when you purchase a home insurance policy.