Automobile Owners Insurance Review for 2022


If you live in one of the 26 states where auto owners insurance is available, you might want a quote from one of its 48,000 licensed agents. This insurer offers unique and hard-to-find specialty auto insurance options and is known for its customer service.

Our review will outline the coverage you can get from Auto Owners Insurance. We’ll cover the discounts they offer, what you can expect to pay, their customer satisfaction, and their financial status.

What types of car insurance can you get from car owners?

The photo of the classic car rallyAuto-Owners sets itself apart from other insurance companies with its specialized coverage for classic and modified cars. So if you drive a classic or vintage vehicle, it’s worth asking about auto owners. Plus, if you’ve modified your vehicle in some way, like with a wheelchair lift, it has coverage options you won’t find elsewhere.

For starters, Automobile Owners Insurance offers typical policy types:

  • Civil liability for bodily injury
  • Uninsured and underinsured motorist
  • Medical payments
  • Personal Injury Protection
  • Roadside assistance service
  • Deductible for common loss
  • Car Rental Policy
  • No deductible in the event of an accident with other customers owning automobiles

Other types of policies available from automobile owners

Car insurance coverage for rental vehicles

Additionally, Auto-Owners offers a few additional unique coverage options:

  • GAP coverage: GAP coverage is useful if you have a lease or loan balance on your vehicle and the vehicle is stolen or totaled. This coverage will cover the difference between the value of the car and the remaining balance on your loan or lease.
  • Coverage of diminished value: This is similar to gap insurance, but covers the results of less detrimental accidents. If your car is damaged, diminished value coverage will compensate you for the reduction in value of your vehicle.
  • Additional costs insurance: This insurance option will pay for your rental while your car is in the store. And it will also cover food or accommodation costs if your accident leaves you stranded.

What are the benefits of auto insurance?

As you can see, auto owner’s insurance offers many options and the ability to group them as needed. And it’s good for those who want to buy more than just car insurance. Auto-Owners also has a relatively low number of customer complaints about their auto and other policies.

What discounts can I get with Automobile Owners Insurance?

young driver holding car keyFinally, there is quite a long list of discounts offered by auto owners insurance. They include the following:

  • Multi-policy discount: If you have other coverage from automobile owners, such as home insurance or life insurance, you get great discounts from that insurer.
  • Life Multi-Policy Discount: This bundling option is for life insurance and combines it with your car insurance policy.
  • Payment history: Customers who pay their bills on time for 36 consecutive months can expect a discount on their premium.
  • Full discount: This reduction is for those who can pay their annual premium in advance.
  • Green discount: By opting for electronic invoices and paying your insurance online, you will benefit from this reduction.

Guy With Laptop Paying Insurance Bill

  • Quote in advance: Getting an insurance quote before your policy expires can provide you with additional savings.
  • Multi-car: If you have more than one vehicle insured by Auto-Owners, you will receive a discount on your coverage.
  • Discount on security features: Having safety features like ABS or anti-lock braking system and anti-theft features makes you eligible for this discount.
  • Deductible discount: Customers who choose to upgrade to higher deductible levels will qualify for this discount.
  • Good driving history: If you are a good driver, you can expect to get very fair quotes from car owners.
  • Good student: If your school-aged child has a GPA of B or better, they could qualify for a 20% discount.
  • Discount for students absent from school: If you choose to cover a child in college at 100 miles or more, your savings increase. However, their vehicle cannot accompany them to school.
  • Discounts on teen driver monitoring: If you install GPS monitoring in your teen’s vehicle, you can expect additional discounts.

Car insurance costs for car owners

According to Bankrate, the average annual cost of individual auto insurance in the United States is $1,674. Relatively, NextAdvisor says the average price of an auto insurance policy for auto owners is below average, at $1,351 per year, or $113 per month.

The wording of insurance quotes is based on many factors that will impact your insurance quote, including location, age, marital status, and driving and credit history.

Find out how certain factors can affect your Auto-Owners rates:

DUI

Naturally, car insurance companies formulate premiums based on their risk with a specific driver. This is why the penalties for DUI citations are so high, as drivers under the influence cause up to a third of road deaths each year.

Zebra says the penalty for driving under the influence could increase your premium by up to 100%.

Two drivers arguing after a traffic accident

car accidents

Collisions and at-fault accidents will inevitably increase your premium. The rule of thumb is to expect a 50% increase in your rate each year for up to five years.

Credit score

Although your credit history may seem unrelated to how you drive, most insurers, including car owners, consider it important. However, it all depends on where you live. A study by The Zebra shows that drivers with “very bad” FICO credit scores will pay between 65% and 165% more for auto insurance depending on the state they live in.

However, this rate hike is illegal in some states. These states include California, Massachusetts, Michigan, and Hawaii. Of these four states, automobile owners insurance is only available in Michigan.

How satisfied are car-owning customers?

compare car insuranceForbes Advisor ranked Auto-Owners as one of its top auto insurance companies last year because the insurer receives so few complaints. He rated the insurer’s customer satisfaction as “Excellent”. Additionally, Automobile Owners Insurance received a B+ for collision repair and an overall rating of four out of five.

According to a 2021 JD Power Study, Auto-Owners Car Insurance received an above average rating for customer satisfaction. Additionally, it received an above-average rating in the central United States.

Car Owner Automobile Insurance Background

Automobile owners insurance has expanded to 26 states since its beginnings in Mount Pleasant, Michigan.

Today, you can find Auto Owners available in the following states:

Alabama Arizona Arkansas Colorado
Florida Georgia Idaho Illinois
Indiana Iowa Kansas Kentucky
Michigan Minnesota Missouri Nebraska
North Carolina North Dakota Ohio Pennsylvania
Caroline from the south South Dakota Tennessee Utah
Virginia Wisconsin

Financial ratings of companies

AM Best has given automobile owners the top A++ rating every year since 1972. This rating means the company can take care of its claims.

So if you are looking for many different options from an insurer, Auto-Owners is a good car insurance provider for you. It offers plenty of policies, great discounts, and good ratings overall.

But remember, if you think auto owners might be right for you, be sure to check that they offer car coverage in your area. Also, it’s best to shop around for auto insurance and get quotes from various providers, especially if you’re buying a new or used vehicle. That way you’ll get the best rate for your situation, including if you’re buying a classic car.

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