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Auto Owners vs. Hanover Insurance
Which insurance company is right for you? Compare pros & cons, products, and quotes from Auto Owners and Hanover.
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- Auto-Owners Insurance Co vs Hanover
Auto-Owners vs. Hanover: What You Need to Know
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. 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 average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Auto-Owners Insurance Co Overview and Hanover Overview.
Auto-Owners Insurance Co vs. Hanover: How much are the Average Rates?
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 $126.37 per month while Hanover comes in at around $436.26 per month. For Auto-Owners Insurance Co, the cheapest state average is Georgia at $103.50 per month and the most expensive is Michigan at $128.61 per month. For Hanover, the cheapest state average is Illinois at $311.27 per month and the most expensive is Connecticut at $839.69 per month.
Average Rate
Average Rate
Average Rate
| State | Auto-Owners Insurance Co | Hanover |
|---|---|---|
| Connecticut | - | $839.69 |
| Georgia | $103.50 | - |
| Illinois | - | $311.27 |
| Michigan | $128.61 | $427.52 |
| New Jersey | - | $567.45 |
| New York | - | $416.40 |
Auto-Owners Insurance Co vs. Hanover: Rates by Number of Vehicle
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 |
|---|---|---|
| 1 Vehicle | $121.11 | $423.42 |
| 2 Vehicles | $185.21 | $643.29 |
Auto-Owners Insurance Co vs. Hanover: Rates by Homeownership
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Auto-Owners Insurance Co charges $134.04 per month and Hanover charges $590.45 per month for customers who own their home.
| Own/Rent | Auto-Owners Insurance Co | Hanover |
|---|---|---|
| Own | $134.04 | $590.45 |
| Rent | $124.26 | $404.54 |
What is Auto-Owners and Hanover Insurance Rating?
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.
| Comparison | Auto-Owners | Hanover |
|---|---|---|
| Year Founded | 1916 | 1852 |
| Market Share | 0.24% | |
| BBB Rating | A+ | A+ |
| Financial Strength | Excellent | Excellent |
| JD Power Ranking | Better Than Most | Above Average |
| NAIC Complaint Index | 0.77 | 1.28 |
| S&P Rating | AA | A |
Auto-Owners or Hanover: Insurance Products Offered
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.
| Insurance | Auto Owners | Hanover |
|---|---|---|
| Auto Insurance | ✔ | ✔ |
| Commercial Insurance | ✔ | ✔ |
| Condo Insurance | ✔ | |
| Farm Insurance | ✔ | |
| Health Insurance | ✔ | |
| Home Insurance | ✔ | ✔ |
| Life Insurance | ✔ | |
| Motorcycle Insurance | ✔ | |
| Pet Insurance | ✔ | |
| Renters Insurance | ✔ | |
| RV Insurance | ✔ | ✔ |
| Umbrella Insurance | ✔ | ✔ |
Auto-Owners or Hanover: Ways To Save
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.
| Auto-Owners | Hanover |
|---|---|
| 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 |
Pros & Cons of Auto-Owners & Hanover
Pros
Auto-Owners
- Several options for discounts for teen drivers.
- Common loss deductible and multi-policy discounts allow clients to save money if they insure home and auto with Auto-Owners Insurance.
Hanover
- The Hanover Insurance Group does not offer rideshare insurance or accident forgiveness options.
- Very few discounts
- Hanover Insurance is more expensive than most options and a lower customer service rating.
- Hanover only writes auto insurance in 18 states.
Cons
Auto-Owners
- Auto-Owners Insurance only serves 26 states.
- No rideshare insurance.
Hanover
- The Hanover Insurance Group does not offer rideshare insurance or accident forgiveness options.
- Very few discounts
- Hanover Insurance is more expensive than most options and a lower customer service rating.
- Hanover only writes auto insurance in 18 states.
Auto-Owners or Hanover Mobile Apps Options
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 & Hanover Contact Info
| Auto-Owners Contact Info | |
|---|---|
| Address | 6101 Anacapri Blvd., Lansing, MI, 48917 |
| Phone | 1-517-323-1200 |
| Website | https://www.auto-owners.com/ |
| https://www.facebook.com/AutoOwnersInsurance/ | |
| https://twitter.com/AutoOwnersIns | |
| Youtube | https://www.youtube.com/user/AutoOwnersInsurance |
| https://www.linkedin.com/company/auto-owners-insurance/ | |
| Hanover Contact Info | |
|---|---|
| Address | 440 Lincoln Street, Worcester, MA 01653 |
| Phone | 1-508-855-1000 |
| Website | https://www.hanover.com/ |
| https://www.facebook.com/hanoverinsurance/ | |
| https://twitter.com/The_Hanover | |
| Youtube | https://www.youtube.com/channel/UCe9zQijKTBxGff55FKAvytg |
| https://www.linkedin.com/company/the-hanover-insurance-group/ | |
Methodology
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.
Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given name, Afarin Majidi.
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