Which insurance company is right for you? Compare pros & cons, products, and quotes from Auto Owners and Hanover.
Vern V. Moulton and four of his associates founded Auto-Owners Insurance Company in a single room in the Commercial Block Building in Mount Pleasant, Michigan. The company moved to Lansing, Michigan where it still is today. In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in. In 1966 the company established Auto-Owners Life Insurance Company. In 1976, the company moved into its current home in Lansing. Auto-Owners Insurance celebrated its 100th anniversary. In 2017, Auto-Owners begins its affiliation with the Concord General Mutual Insurance group. Today, Auto-Owners Insurance writes policies in 26 states and has more than 4,700 employees. The company has been a member of the Fortune 500 since 2002. In 2018, Auto-Owners Insurance was listed at number 375.
From 2003-2007, the Wall Street Journal ranked The Hanover Insurance Companies #1 in the property and casualty industry for increasing shareholder value over a 5-year-period. In 2009, The Hanover acquired the commercial business from OneBeacon Insurance Group, which enabled rapid Western U.S. expansion. In the same year, A.M. Best upgraded its company rating to “A” (excellent). From 2010 to 2011, it continued to acquire more businesses both in the U.S. and abroad, which included Lloyd’s of London Chaucer Holdings. In 2013, The Hanover exceeded $5 billion worth of written premiums and wrote business in 179 countries. In 2015, Standard & Poor’s upgraded the company’s financial rating to “A” and The Hanover was recognized by Forbes as one of America’s best employers and one of America’s most trustworthy financial companies.
Below is a list of the average rates that drivers typically pay with Auto-Owners Insurance Co and Hanover. On average, Auto-Owners Insurance Co charges approximately $136.63 per month while Hanover comes in at around $461.87 per month. For Auto-Owners Insurance Co, the cheapest state average is Ohio at $87.22 per month and the most expensive is Michigan at $217.30 per month. For Hanover, the cheapest state average is Massachusetts at $198.82 per month and the most expensive is New Jersey at $647.07 per month.
|State||Auto-Owners Insurance Co||Hanover|
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Auto-Owners Insurance Co and Hanover typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Auto-Owners Insurance Co||Hanover|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Auto-Owners Insurance Co charges $141.42 per month and Hanover charges $473.29 per month for customers who own their home.
|Own/Rent||Auto-Owners Insurance Co||Hanover|
Which car insurance company is better? We've made it easy to compare companies side by side. See how Auto-Owners and Hanover ranked among the industry ratings.
|A.M. Best Rating||A++||A|
|JD Power Ranking||Better Than Most||Above Average|
|NAIC Complaint Index||0.77||1.28|
What coverage is available through Auto-Owners and Hanover? Both insurance companies offer Auto, Commercial, Home, RV, and Umbrella insurance. Additional products from Auto-Owners insurance also includes Condo, Farm, Health, Life, Motorcycle, Pet, and Renters insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Auto-Owners Insurance Co and Hanover Insurance page.
Hanover offers a wide range of discounts to its policyholders, including Affinity Groups, Anti-theft Device, and Good Student discounts. Auto-Owners also offers a few discounts that Hanover doesn’t including Teen Driver Monitoring, Safety Features, and Payment History discounts. Start taking advantage of discounts offered by insurance providers like Hanover and Auto-Owners insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Advance Quote Discount||Accident Prevention Course Discount|
|Favorable Loss History||Affinity Groups|
|Good Student Discount||Anti-theft Device Discount|
|Green Discount||Good Student Discount|
|Life Multi-policy Discount||Hanover Platinum Experience|
|Multi-car Discount||Multi-Car Discount|
|Multi-policy Discount||No-Fee Electric Funds Transfers|
|Paid-in-full Discount||One Bill|
|Payment History||Pay-in-Full Discount|
|Safety Features Discounts||Student Away at School Discount|
|Student Away at School Discount|
|Teen Driver Monitoring Discount|
The Auto-Owners Insurance mobile app is available for iOS and Android. This insurance concierge gives you access to your policy 24/7. You can pay your bills, set up and manage automatic payments and check on the status of a claim.
The Hanover Mobile app is available for iOS and Android. With this app, you’ll be able to see vital policy information and billing information. You can also file a home or auto claim without making a phone call.
|Auto-Owners Mobile App|
|iOS||3.3||34 user reviews|
|Android||4.3||53 user reviews|
|Hanover Mobile App|
|iOS||3.5||17 user reviews|
|Android||2.6||21 user reviews|
|Auto-Owners Contact Info|
|Address||6101 Anacapri Blvd., Lansing, MI, 48917|
|Hanover Contact Info|
|Address||440 Lincoln Street, Worcester, MA 01653|
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
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