American Family homeowners insurance company is one of the many homeowners insurance companies you can choose from. Learning as much as you can about the history, financial stability, policies and rates of each prospective company is a great way to determine which company is right for you. Below is an overview of American Family homeowners insurance company to help you in your search for the best homeowners insurance.
American Family Homeowners Insurance Company History
American Family homeowners insurance company traces their roots back to the Farmers Mutual Automobile Insurance Company. It was founded in 1927 to offer auto insurance to farmers in Wisconsin. In 1963, the name was changed to American Family Mutual Insurance Company as their customer base had expanded as well as their product offerings. In addition to Wisconsin, American Family now operates in 18 other states in the Midwest and West. American Family remains a mutual company, meaning its customers and owners are the one and the same.
American Family Homeowners Insurance Company Policy Offerings
As American Family evolved and began servicing more customers, they moved into additional lines of insurance. Homeowners insurance was added to the offerings in 1958. A homeowners insurance policy from American Family will cover the standard perils that exist for most homes in any area. In addition, you can tailor your homeowners insurance policy to cover specific threats to your home. Fire, storm, vandalism, civil riot and many other types of coverage are available. You can find discounts on your homeowners insurance policy by adding safety features to your home, bundling policies, going claims-free, purchasing a new home, and by renewing your policy with American Family homeowners insurance company as a loyal customer.
American Family Homeowners Insurance Company Additional Policies
In addition to homeowners insurance, American Family also offers other insurance and financial products. The ability to use one company to satisfy your insurance needs streamlines the shopping process and can even save you money. Here are some of the other products offered by American Family.
- Auto insurance
- Business insurance
- Farm/Ranch insurance
- Health insurance
- Identity theft protection
- Life insurance
- Renters insurance
You can combine one or more of these additional products to satisfy the insurance needs of you and your family. It may be easier to qualify for lower auto insurance rates if you also have homeowners and/or life insurance through American Family.
American Family Homeowners Insurance Company Financial Stability
American Family homeowners insurance company takes a long term approach to building financial stability. This is made easier due to the fact the customers are the owners. Profits are used to protect policyholders from large losses. With over 16 billion in assets and nearly 5 billion in policyholder equity, American Family is on sound financial footing. American Family and it constituent companies all receive high financial stability ratings year in and year out.
Compare American Family Homeowners Insurance Company Rates With Other Providers
Cost will be a major factor in your final decision concerning which homeowners insurance company to choose. You can quickly compare rates using online rate quotes to determine the affordability of each company you are considering. American Family homeowners insurance company may be your best choice, but it is also possible that you will find another reputable provider that offers more competitive rates. For this reason, it is a good idea to research the various companies in your area and then compare their costs for the most affordable homeowners insurance on the market.