Berkshire Hathaway Assurance Corporation Review (2024)
Berkshire Hathaway Assurance Corporation stands out as a reliable choice in the insurance landscape, known for its financial stability and strong backing by Warren Buffett's Berkshire Hathaway.
Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Berkshire Hathaway Assurance Corporation
Average Monthly Rate For Good Drivers
$92A.M. Best Rating:
A++Complaint Level:
LowPros
- Strong financial backing from Berkshire Hathaway
- Diverse range of insurance coverage options
- User-friendly online application process
- Customizable policies tailored to individual needs
- Excellent customer service and claims handling
Cons
- Rates might be slightly higher compared to some competitors
- Limited physical branch presence for in-person interactions
In the realm of uncertainties, Berkshire Hathaway Assurance Corporation emerges as a steadfast guardian, offering an array of comprehensive insurance solutions. From auto to homeowners, health to travel, and life insurance, their coverage blankets every facet of life.
With a legacy intertwined with Berkshire Hathaway, they exemplify financial robustness and personalized service. Amidst competitors, their commitment to trust, diverse coverage, and streamlined processes shines.
Choose not just an insurer, but a partner dedicated to safeguarding your future. With Berkshire Hathaway Assurance Corporation, your peace of mind is their priority, ensuring that whatever life brings, you’re prepared and protected.
Berkshire Hathaway Assurance Corporation Insurance Coverage Options
Berkshire Hathaway Assurance Corporation provides a comprehensive range of coverage options designed to protect individuals and families from various risks. Here are the coverage options they offer:
Auto Insurance Coverage:
- Liability coverage for bodily injury and property damage.
- Collision coverage for vehicle damage in accidents.
- Comprehensive coverage for non-collision incidents like theft and natural disasters.
- Uninsured/underinsured motorist coverage for protection against drivers with insufficient insurance.
Homeowners Insurance Coverage:
- Dwelling coverage for home structure.
- Personal property coverage for belongings.
- Liability coverage for injuries on your property.
- Additional living expenses coverage for temporary relocation due to covered events.
Health Insurance Coverage:
- Medical expenses coverage for treatments, hospital stays, and surgeries.
- Prescription drug coverage for necessary medications.
- Preventive care coverage for routine check-ups and screenings.
- Dental and vision coverage for comprehensive healthcare.
Travel Insurance Coverage:
- Trip cancellation/interruption coverage for unexpected events.
- Emergency medical coverage for illnesses or injuries while traveling.
- Lost baggage coverage for reimbursement of lost or delayed luggage.
- Travel delay coverage for expenses caused by delayed flights.
Life Insurance Coverage:
- Term life insurance with coverage for a specified period.
- Whole life insurance with lifelong coverage and cash value growth.
- Universal life insurance with flexible premiums and investment potential.
- Accidental death and dismemberment coverage for additional protection.
These coverage options cater to a variety of needs, ensuring that policyholders can select the most suitable insurance solutions to address their specific circumstances and provide financial security.
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Berkshire Hathaway Assurance Corporation Insurance Rates Breakdown
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| Driver Profile | Berkshire Hathaway Assurance Corporation | National Average |
|---|---|---|
| Clean Record | $140 | $119 |
| 1+ Ticket | $175 | $147 |
| 1+ Accident | $230 | $173 |
| DUI | $315 | $209 |
| Poor Credit | $241 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Berkshire Hathaway Assurance Corporation Discounts Available
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| Discount | Berkshire Hathaway Assurance Corporation |
|---|---|
| Anti Theft | 20% |
| Good Student | 24% |
| Low Mileage | 25% |
| Paperless | 9% |
| Safe Driver | 25% |
| Senior Driver | 15% |
Here are the discounts provided by Berkshire Hathaway Assurance Corporation, all designed to add value to your insurance experience. These discounts showcase the company’s dedication to rewarding responsible behaviors and fostering long-term relationships:
- Multi-Policy Discount: Save by bundling multiple insurance policies with Berkshire Hathaway Assurance Corporation. Combining, for example, auto and homeowners insurance can lead to significant savings.
- Safe Driver Discount: Enjoy reduced rates if you have a clean driving record and demonstrate safe driving habits over time.
- Good Student Discount: Students with excellent academic performance can benefit from lower rates, encouraging both good grades and responsible behavior.
- Home Security Features Discount: If your home is equipped with security systems such as alarms, surveillance cameras, and smoke detectors, you may qualify for discounted homeowners insurance premiums.
- Loyalty Discount: Long-standing customers are rewarded with loyalty discounts, showing appreciation for their continued trust in Berkshire Hathaway Assurance Corporation.
- Multi-Car Discount: Insuring multiple vehicles with Berkshire Hathaway Assurance Corporation can lead to discounted rates, making it more cost-effective for families with multiple cars.
- Renewal Discount: Renewing your policy with Berkshire Hathaway Assurance Corporation can come with a renewal discount, encouraging customers to stay with the company.
- Safe Home Discount: If your home is built with safety features like sturdy roofing materials and fire-resistant construction, you might be eligible for lower homeowners insurance premiums.
- Paperless Billing Discount: Opting for electronic billing and communication can result in savings, while also being environmentally friendly.
- Full Payment Discount: Paying your premium in full, rather than in installments, may come with a discount as a reward for upfront payment.
- Affinity Group Discount: Members of certain groups or organizations may be eligible for group-specific discounts through partnerships with Berkshire Hathaway Assurance Corporation.
These discounts reflect the company’s commitment to providing value to its customers while incentivizing responsible behaviors and fostering long-term relationships.
How Berkshire Hathaway Assurance Corporation Ranks Among Providers
Berkshire Hathaway Assurance Corporation operates in the competitive landscape of the insurance industry, where several prominent companies vie for market share and customer trust. Here are some of the company’s main competitors:
- State Farm: State Farm is one of the largest insurance providers in the United States, offering a wide range of insurance products, including auto, homeowners, and life insurance. Known for its extensive agent network, State Farm emphasizes personalized customer service.
- Allstate: Allstate is another major player in the insurance industry, offering diverse coverage options such as auto, homeowners, and life insurance. It’s known for innovative features like its Drivewise program, which rewards safe driving habits.
- Geico: Geico is renowned for its direct-to-consumer model and witty advertising campaigns. Specializing in auto insurance, Geico offers competitive rates and user-friendly online tools, making it a strong competitor in the market.
- Progressive: Progressive is known for its focus on auto insurance and its Snapshot program, which tracks driving behavior to offer personalized rates. Its technology-driven approach and broad coverage options position it as a formidable rival.
- Liberty Mutual: Liberty Mutual offers a wide array of insurance products, including auto, homeowners, and renters insurance. It stands out for its customizable coverage options and diverse discounts.
- Nationwide: Nationwide is recognized for its comprehensive insurance offerings, including auto, homeowners, and life insurance. It emphasizes customer-centric services and has a network of agents across the country.
- USAA: USAA serves military personnel and their families, providing a range of insurance and financial products. It’s known for its exceptional customer service and commitment to serving its unique customer base.
- Travelers: Travelers offers a variety of insurance solutions, including auto, homeowners, and business insurance. It’s known for its risk management services and focus on catering to both individual and commercial clients.
- Farmers Insurance: Farmers Insurance provides a range of insurance products, with a strong emphasis on homeowners, auto, and business insurance. It offers personalized coverage options and an extensive agent network.
- AIG (American International Group): AIG is a global insurance company offering a broad spectrum of insurance products, including property, casualty, and life insurance. It’s known for its global presence and wide-ranging offerings.
These competitors share the insurance market with Berkshire Hathaway Assurance Corporation, each bringing its strengths and unique selling points to the table.
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Claims Process With Berkshire Hathaway Assurance Corporation
Ease of Filing a Claim
Berkshire Hathaway Assurance Corporation ensures a hassle-free claims process with multiple convenient options. Policyholders can file claims online through the user-friendly portal, over the phone by speaking with a knowledgeable representative, or even via mobile apps for added convenience.
Average Claim Processing Time
One of the key factors that distinguish Berkshire Hathaway Assurance Corporation is its efficient claim processing. On average, the company strives to settle claims promptly, ensuring that policyholders receive the support they need precisely when they need it. This commitment to a swift turnaround time is reflected in the insurer’s low complaint level.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback serves as a valuable indicator of an insurer’s performance. Berkshire Hathaway Assurance Corporation consistently receives positive feedback for its claim resolutions and payouts. Policyholders have expressed satisfaction with the insurer’s professionalism and fairness in handling claims, further solidifying its reputation as a reliable choice in the insurance landscape.
Digital and Technological Features by Berkshire Hathaway Assurance Corporation
Mobile App Features and Functionality
Berkshire Hathaway Assurance Corporation offers a feature-rich mobile app that empowers policyholders with on-the-go access to their insurance information. The app includes functionalities such as policy management, claims tracking, and digital ID cards. It’s designed to make managing your insurance effortless, putting essential tools at your fingertips.
Online Account Management Capabilities
The insurer’s online account management capabilities provide policyholders with a convenient platform to oversee their insurance policies. From making payments to updating personal information, policyholders have the flexibility to manage their accounts with ease. This online portal streamlines interactions, enhancing the overall customer experience.
Digital Tools and Resources
Berkshire Hathaway Assurance Corporation understands the importance of staying informed. That’s why it offers a range of digital tools and resources to help policyholders make informed decisions.
These resources include educational materials, calculators, and informative articles on various insurance topics. Access to these digital tools empowers policyholders to navigate the complexities of insurance with confidence.
Frequently Asked Questions
What types of insurance does Berkshire Hathaway Assurance Corporation offer?
They offer a range of insurance types including auto, homeowners, health, travel, and life insurance.
What sets Berkshire Hathaway Assurance Corporation apart from its competitors?
Their strong A.M. Best rating, diverse coverage options, and reputation for trustworthiness make them stand out.
How can I apply for insurance with Berkshire Hathaway Assurance Corporation?
Applying is easy through their user-friendly online portal, allowing you to explore options and get instant quotes.
Are there discounts available for policyholders?
Yes, they offer discounts for multi-policy bundling, safe driving, good grades, loyalty, and more.
What is the customer service like at Berkshire Hathaway Assurance Corporation?
Their commitment to excellent customer service is reflected in their low complaint level and efficient claims process.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
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