What You Should Know
- Auto-Owners offers auto insurance coverage for several types of vehicles, from cars to motorcycles to RVs
- The company’s wide spectrum of insurance coverage makes it possible to be well protected, but you need to choose your coverage based on your needs
- It’s generally a good idea to buy collision and comprehensive coverage on top of your state-mandated minimum insurance
With nearly 3 million policyholders, Auto-Owners Insurance Group is among the largest insurers in the United States. More than a century old, Auto-Owners offers life, home, auto, and business insurance.
The company offers insurance through a network of independent agents who can help you find a policy best suited to your needs. Auto-Owners is a Fortune 500 company and is rated A++ by the AM Best Company, an independent insurance rating authority.
If you are purchasing auto insurance, Auto-Owners is a good option to consider. Read our Auto-Owners auto insurance review to know more about the insurance company. In this article, we’ll explain the different types of auto insurance coverage Auto-Owners offers so you can see if the company has the right coverage for you.
Type of Auto Insurance Coverage Offered by Auto-Owners
Auto-Owners offers several types of auto insurance coverage:
- Collision: Covers repair or replacement costs for your car after a collision
- Comprehensive: Covers damages to your vehicle due to causes other than collision, such as vandalism, fire, and natural disasters
- Bodily injury liability and property damage liability (or liability auto insurance coverage): Pays for injury or property damages to others, and covers legal fees
- Medical payments and personal injury protection (PIP) auto insurance coverage: Pays medical and hospital bills for you and your passengers
- Uninsured/underinsured motorist: Covers damage, injury, or death caused by someone who doesn’t have an auto insurance policy or insufficient limits on their policy
You need to understand your requirements and budget before choosing the auto insurance coverage you want to buy from Auto-Owners. For instance, if your state or town has a high proportion of uninsured drivers, then buying uninsured/underinsured coverage will be useful.
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Essential Auto Insurance Coverage From Auto-Owners
It is mandatory to have auto insurance coverage on your vehicle, though the minimum requirements vary by state. We highly recommend buying collision and comprehensive coverage in addition to state-mandated insurance.
You should also buy coverage that covers medical expenses for you, your passengers, and others since those bills tend to run high.
Optional Auto insurance Coverage From Auto-Owners
How much auto insurance coverage you need depends on several factors, such as the car you have, your financial capacity, and the area in which you live. Auto-owners offers several add-ons that are good to have but not mandatory or essential. These include:
- Additional expense: Covers the cost of rental cars and other expenses when your vehicle is in an accident
- Loan or lease gap: Pays for the gap in your loan if your car is totaled and you owe your lender money on the car
- Road trouble service: Assists you with car trouble on the road, such as a dead battery or flat tire
- At-fault accident forgiveness: Applicable only to those with a good driving record, Auto-Owners will waive the accident surcharge for the first at-fault accident
- Common loss deductible: Reduces or waives off the auto deductible if both your home and cars are insured with Auto-Owners and you have a loss that involves damage to both
- Diminished value: Ensures you are compensated for a reduction in your car’s value after an accident or repairs
You will need to evaluate your needs before choosing auto insurance coverage. Note that if your car is financed, your lender may require certain types of coverage.
Types of Auto Insurance Coverage by Auto-Owners: The Bottom Line
Auto-Owners offers several types of auto insurance coverage via independent agents. Keep yourself financially protected with liability, collision, and comprehensive coverage, but opt for additional coverage to protect you from additional expenses if your budget permits.
Choose your coverage depending on the type of vehicle you own, your location, and whether your car is financed.
Frequently Asked Questions
How can I buy auto insurance from Auto-Owners?
Auto-Owners sells insurance solely via independent agents in its network. You can find an Auto-Owners agent or you can compare auto insurance quotes online.
What types of vehicles does Auto-Owners cover?
Auto-Owners offers coverage for a wide range of vehicles, including cars, motorcycles, ATVs and off-road vehicles, motor homes and recreational vehicles (or RVs), trailers, and even boats.
Does Auto-Owners offer discounts on auto insurance rates?
Auto-Owners offers options for customers to save on coverage in the form of student discounts, multi-car discounts, paid-in-full discounts, and multi-policy discounts. Ask your local Auto-Owners agent about the discounts for which you are eligible.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance…
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