State Auto Insurance sells policies to customers through its network of independent agents. The company has been in business since 1921, and has group assets of $3.25 billion. It has an A+ rating from A.M. Best Company,which indicates that the company has the resources to pay out on its policyholders’ claims.
State Auto offers custom policies that are written to meet its customers’ needs. A policyholder can find one that includes third party liability protection, as well as Personal Injury Protection (PIP) coverage to pay for his or her own medical expenses and uninsured/underinsured motorist coverage.
The company also carries collision and comprehensive coverage for its customers. Collision coverage protects the policyholder’s own vehicle and pays for physical damage caused by striking another vehicle or an object. Comprehensive coverage pays for damage caused to a vehicle by other circumstances, including fire, vandalism, flooding and hail. It also pays out when the car is stolen.
Customers who are over the age of 45 who have purchased a home and auto policy from the company can take advantage of this company’s Prime of Life discount. Under this program, the customer can also get some extra coverage provisions at no extra charge.
State Auto Insurance does offer a policy that will pay out based on full replacement value of a policyholder’s vehicle if it is totaled in an accident. The customer who is interested in this option should ask questions about the terms and conditions that apply, as well as consider the rates that this type of policy carries before making a decision.