Hanover vs. Shelter Insurance

Which insurance provider is right for you? Compare ratings, rates, and quotes from Hanover and Shelter.

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Hanover vs. Shelter: What You Need to Know

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 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.

Shelter Insurance company is a mutual insurance company that focuses on auto, property, business and life insurance. In 1946, when the company was founded and called MFA Mutual Insurance Company. Its focus was to provide farmers access to reliable insurance protection at prices that they could afford. Today, Shelter Insurance is one of the top regional insurance companies in the country and has more than 1,400 licensed agents covering 15 states, including Arkansas, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Nevada, Ohio, Oklahoma, and Tennessee. The company constantly receives high ratings from A.M. Best Company, which indicates financial stability.

Below is a list of average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Hanover Overview and Shelter Overview.

Hanover vs. Shelter: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Hanover and Shelter. On average, Hanover charges approximately $407.14 per month while Shelter comes in at around $191.64 per month. For Hanover, the cheapest state average is New York at $263.84 per month and the most expensive is New Jersey at $505.04 per month. For Shelter, the cheapest state average is at $0.00 per month and the most expensive is at $0.00 per month.


Average Rate


Average Rate


Average Rate

State Hanover Shelter
Illinois $449.65 -
Michigan $413.19 -
New Jersey $505.04 -
New York $263.84 -

Hanover vs. Shelter: Rates by Number of Vehicle


Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Hanover and Shelter typically charge for drivers who have more than 1 vehicle.

Number of Vehicles Hanover Shelter
1 Vehicle $390.85 $168.17
2 Vehicles $799.04 $

Hanover vs. Shelter: Rates by Homeownership


Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Hanover charges $498.29 per month and Shelter charges $171.14 per month for customers who own their home.

Own/Rent Hanover Shelter
Own $498.29 $171.14
Rent $390.48 $209.72

What is Hanover and Shelter Insurance Rating?

Which car insurance company is better? We've made it easy to compare companies side by side. See how Hanover and Shelter ranked among the industry ratings.

Year Founded18521946
A.M. Best RatingAA
BBB RatingA+A+
Financial StrengthExcellentExcellent
JD Power RankingAbove Average
NAIC Complaint Index1.28
NAIC Complaint Ratio0.36 (2013)
S&P RatingA

Hanover or Shelter: Insurance Products Offered

What coverage is available through Hanover and Shelter? Both insurance companies offer Auto, Commercial, Home, RV, and Umbrella insurance. Additional products from Shelter insurance also includes Condo, Farm, Life, Motorcycle, 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 Hanover and Shelter Insurance page.

Auto Insurance
Commercial Insurance
Condo Insurance
Farm Insurance
Home Insurance
Life Insurance
Motorcycle Insurance
Renters Insurance
RV Insurance
Umbrella Insurance

Hanover or Shelter: Ways To Save

Hanover offers a wide range of discounts to its policyholders, including Affinity Groups, Anti-theft Device, and Good Student discounts. Whereas, Shelter also offers a few discounts that Hanover doesn’t, including Window Identification System – Louisiana Residents, Safe Driver, and Pay in Full discounts. Start taking advantage of discounts offered by insurance providers like Shelter and Hanover insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.

Accident Prevention Course DiscountAccident Prevention Course Discount
Affinity GroupsAnti-Theft Discount - Kentucky and Illinois Residents
Anti-theft Device DiscountCompanion Life Discount
Good Student DiscountCompanion Policy Discount
Hanover Platinum ExperienceDriver Training Course Discount
Multi-Car DiscountGood Student Discount
No-Fee Electric Funds TransfersMilitary Discount
One BillMulti-car Discount
Pay-in-Full DiscountMulti-coverage Discount - Nevada Residents
Student Away at School DiscountPassive Restraint Discount
Pay in Full Discount
Safe Driver Discount
Window Identification System Discount – Louisiana Residents

Pros & Cons of Hanover & Shelter


  • The Hanover Insurance Group platinum coverages come in a great bundle.
  • Useful mobile app
  • Shelter Insurance offers personalized service through a network of more than 1,400 agents.
  • The company has a few customer's complaints, which indicates high satisfaction.
  • You can start your claims online or by phone.


  • 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.
  • The company covers only 15 states. If you don’t live in the Midwest, you’ll need to look for another carrier.

Hanover or Shelter Mobile Apps Options

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.

The Shelter Insurance Mobile app is available for iOS and Android. With the app, you can access your ID cards, report a claim and upload photos, view coverages and policy details, obtain roadside assistance, get in touch with your agent and pay your bill by credit or debit card.

Hanover Mobile App
iOS     3.517 user reviews
Android     2.621 user reviews
Shelter Mobile App
iOS     2.335 user reviews
Android     2.3240 user reviews

Hanover & Shelter Contact Info

Hanover Contact Info
Address440 Lincoln Street, Worcester, MA 01653
Shelter Contact Info
Address1817 West Broadway - Columbia, MO 65218

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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