Auto-Owners
In July 1916, Vern V. Moulton and four associates created Auto-Owners Insurance in Mount Pleasant, Michigan. In 1935, they expanded their business outside of Michigan, starting in Indiana. Auto-Owners began selling life insurance in 1966.
Today, Auto-Owners sells insurance in 26 states and is represented by more than 48,000 licensed agents.
Auto-Owners Insurance offers a variety of vehicle insurance options, including cars, all terrain vehicles, off-road vehicles, motorcycles, trailers, boats, motorhomes and recreational vehicles.
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Average annual rate for good drivers:
$1,532
Average annual rate for drivers with a speeding ticket:
$2,024
Complaint level:
Low
Pros
- Gives a pretty good discount of 14%, on average, for paying in full for an auto insurance policy.
- Gap insurance is available.
- Offers coverage add-ons of accident forgiveness and a diminishing deductible. Also offers new car replacement coverage.
- Good drivers can try out Auto-Owners’ usage-based insurance program (TrueRide) to possibly lower their car insurance rates.
Cons
- High average rates for drivers with a DUI.
- Highest auto insurance rates for drivers with poor credit among the companies we analyzed.
- Very expensive average increase of almost $3,580 when adding a teen to a policy.
Details:
Grade from Collision Repair Professionals:
B+
Accident Forgiveness:
Yes
New Car Replacement:
Yes
Gap Insurance:
Yes
Diminishing Deductible:
Yes
SR-22s:
No
Usage-Based Insurance:
Yes
Pay-Per-Mile Insurance:
No
Discounts:
- Multi-policy discount. Bundling another insurance policy (such as home insurance) with your auto policy can land you a discount.
- Life multi-policy discount. You can get additional savings when you have a qualifying life insurance policy with Auto-Owners.
- Multi-car discount. If you insure two or more vehicles with Auto-Owners, you’ll receive a discount.
- Safety features discount. Make sure to get this discount if your car has safety features such as airbags, anti-theft devices and anti-lock brakes.
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