Addison Auto Insurance Review

Addison Auto Insurance is headquartered in Cedar Rapids, Iowa and provides auto insurance coverage to drivers for most states throughout the United States. Find out the right auto insurance company for you with our free zip code search.

The company offers insurance coverage for commercial drivers and personal consumers rather than just individuals and families.

Comparing Addison Auto Insurance to any other company must begin with the history of the company because this company has a long history.

The company history of Addison Auto Insurance begins in the winter of 1855, when the company was known as Addison Farmers Insurance Group.

While the company originally covered farmers and their insurance needs, it has since changed to an auto insurance company.

In 1990, Addison Farmers Insurance Group was categorized under Fire, Marine and Casualty Insurance and Carriers as part of the United Fire Group.

The name of the company changed to Addison Auto Insurance in 1997 and the company has focused on providing both consumer and commercial types of auto insurance, casualty lines and special property insurance since the name was changed.

The company is still headquartered in Cedar Rapids, Iowa and continues to expand. It provides coverage in 43 states and the Dominican Republic.

Types of Addison Auto Insurance

While Addison Auto Insurance covers cars and commercial vehicles, it also provides coverage for other insurance needs as well. Consumers can choose to provide insurance coverage for their vehicles, boats and health.

The marine insurance options include private boat coverage, classic boat coverage and marine hull insurance.

Commercial or business vehicles are covered under the company and the business can select from several options based on their personal needs and concerns. For example, businesses might cover against forgery or damage that occurs to the vehicle while it is not on the company premises.

Health insurance options are also available through the company, though this type of insurance is primarily made available to companies. Companies who obtain both vehicle and health insurance coverage might find special auto insurance discounts for combining the services.

The car insurance options for individuals and families will vary depending on the state laws and the necessary coverage a family or individual might feel is necessary for their personal needs.

Addison Auto Insurance will always provide the state minimum insurance to all customers according to car insurance laws, though customers can receive further insurance if preferred.

Addison Auto Insurance Coverage

The coverage of any vehicle will depend on customer preferences and needs. Addison Auto Insurance will always provide that state minimum coverage requirements for all customers, but also adds additional options that customers might opt to add to their insurance.

Consumers can insure their car against theft, broken glass, physical damage to the vehicle, fires and casualty. All customers will end up with the minimum liability insurance if they do not opt to cover their personal vehicle from damage.

Any business that is covering their commercial vehicles might also add forgery to their insurance coverage, though this particular coverage is not necessary for private consumer vehicles.

Addison Auto Insurance Stability

Addison Auto Insurance is considered a highly dependable and reliable company. A.M. Best gives the company an A rating based on their financial stability. This long established company has continually grown over the years.

In 2009, the company’s assets were noted as growing to $2.9 billion while the company’s net profit was $5.14 million.

As the company continues to expand, those figures are expected to continue growing, which offers customers peace of mind that the company has a stable financial foundation.

Furthermore, since the company is part of the United Fire Group and is well-respected as a company, Forbes includes Addison Auto Insurance under its list of the most trustworthy publicly traded companies.

Addison Auto Insurance Discounts

Addison Auto Insurance offers basic services to all customers. As a long established company that is part of the United Fire Group, the company is able to offer cheap auto insurance rates for customers.

In general, the company will lower rates based on customer driving records.

Customers who do not have any accidents or traffic violations on their driving record will usually receive low auto insurance rates when compared to customers who have accidents, speeding tickets or other traffic violations on their record.

This merit based system allows good drivers to receive excellent prices, but might prevent those with a speeding ticket or similar violation from receiving the same great rates.

Those who combine insurances will also end up with a lower rate due to using a package deal. For example, consumers who insure both their classic boat and their car will get a special discount on the insurance for using the insurance for both needs.

Addison Auto Insurance Claims

As with any auto insurance, Addison Auto Insurance will handle claims via the customer service number.

If an accident or any other problems occur that relate to your personal coverage, the customer service representatives will help customers through the claims process.

Addison Auto Insurance is an excellent choice for covering a car if you have a great driving record or for business vehicle.

Though it does offer competitive rates and is a very stable company, it is not the best choice for every consumer.

Always take time to compare the rates with other companies in your area with our free zip code search and check car insurance reviews to find the best rate and coverage for your personal needs.