Build America Mutual Assurance Company Review (2024)
Discover the reliability and strength of Build America Mutual Assurance Company, a trusted insurance provider offering tailored coverage options to secure your future, backed by an impressive A+ rating and a commitment to customer satisfaction.
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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Build America Mutual Assurance Company
Average Monthly Rate For Good Drivers
$100A.M. Best Rating:
A+Complaint Level:
LowPros
- Diverse range of insurance policies, from home to business.
- Strong financial stability for reliable claims processing.
- Tailored coverage options that suit individual needs.
- Positive customer reviews highlighting exceptional service.
- Opportunity to bundle policies for cost savings.
Cons
- Limited availability in certain regions.
- Online account management interface could be more intuitive.
- Discounts might not be as extensive as some competitors.
- Specialized policies for unique situations could be more comprehensive.
- Response time for complex claims could be improved.
Discover the security and versatility offered by Build America Mutual Assurance Company, a trusted name in the insurance realm. With an impressive A.M. Best rating of A+ and a low complaint level, Build America Mutual stands out as a reliable choice.
Positive customer reviews reflect the company’s commitment to service. Whether you’re seeking protection for your home, vehicle, loved ones, or business, Build America Mutual Assurance Company offers peace of mind through personalized coverage, making it a steadfast partner in securing your future.
Build America Mutual Assurance Company Insurance Coverage Options
Build America Mutual Assurance Company provides a comprehensive range of coverage options tailored to meet the diverse needs of individuals and businesses. These coverage options include:
- Home Insurance: Safeguard your property against unforeseen events such as natural disasters, theft, and accidents. Coverage includes dwelling protection, personal property coverage, liability protection, and additional living expenses.
- Auto Insurance: Protect yourself and your vehicle on the road with coverage for accidents, collisions, and other incidents. This includes bodily injury liability, property damage liability, comprehensive coverage, collision coverage, and uninsured/underinsured motorist coverage.
- Life Insurance: Ensure the financial security of your loved ones even in your absence. Build America Mutual offers various life insurance policies, including term life insurance, whole life insurance, and universal life insurance, allowing you to choose the coverage that suits your long-term goals.
- Business Insurance: Keep your business secure with a range of insurance options tailored to your industry and company size. This includes general liability insurance, commercial property insurance, professional liability insurance, and business interruption insurance.
- Umbrella Insurance: Provides an extra layer of liability coverage that goes beyond the limits of your primary policies, offering protection in situations where the liability exceeds your standard coverage.
- Flood Insurance: Protect your property from the devastating effects of flooding, which might not be covered under standard home insurance policies. This coverage ensures you’re prepared for the unexpected.
- Renters Insurance: Even if you don’t own your home, your belongings still hold value. Renters insurance covers your personal belongings, liability, and additional living expenses if you’re temporarily displaced from your rental property.
- Condo Insurance: Specifically designed for condominium owners, this coverage protects your unit and your personal property, as well as offering liability coverage for incidents that might occur within your unit.
- Business Interruption Insurance: In the event of a covered loss that disrupts your business operations, this coverage helps compensate for lost income and ongoing expenses, allowing you to recover smoothly.
- Employment Practices Liability Insurance (EPLI): Protect your business from claims related to wrongful employment practices, such as discrimination, harassment, or wrongful termination.
These coverage options ensure that you can find the right insurance solution to protect your assets, future, and financial well-being, no matter the circumstances.
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Build America Mutual Assurance Company Insurance Rates Breakdown
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| Driver Profile | Build America | National Average |
|---|---|---|
| Clean Record | $75 | $119 |
| 1+ Ticket | $113 | $147 |
| 1+ Accident | $146 | $173 |
| DUI | $250 | $209 |
| Poor Credit | $129 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Build America Mutual Assurance Company Discounts Available
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| Discounts | Build America |
|---|---|
| Anti Theft | 6% |
| Good Student | 15% |
| Low Mileage | 8% |
| Paperless | 5% |
| Safe Driver | 18% |
| Senior Driver | 7% |
Build America Mutual Assurance Company offers a range of discounts to help policyholders save on their insurance premiums. These discounts are designed to reward responsible behavior, promote safety, and encourage loyalty.
Here are some of the notable discounts provided by the company:
- Multi-Policy Discount: Save by bundling multiple insurance policies, such as home and auto insurance, with Build America Mutual.
- Safe Driver Discount: Enjoy reduced rates if you maintain a clean driving record with no accidents or traffic violations over a specified period.
- Good Student Discount: Students with excellent academic performance can qualify for this discount, promoting responsible behavior both in school and on the road.
- Safe Vehicle Discount: If your vehicle is equipped with safety features such as anti-lock brakes, airbags, and anti-theft systems, you may be eligible for this discount.
- Multi-Car Discount: Insure multiple vehicles under the same policy to receive a discount on the premiums for each car.
- Home Security Discount: Secure your home with safety measures such as alarm systems, smoke detectors, and security cameras to lower your home insurance rates.
- Advance Purchase Discount: Plan ahead and secure your policy before the expiration of your current one to benefit from this cost-saving discount.
- Loyalty Discount: Reward for staying with Build America Mutual over an extended period, demonstrating loyalty and trust in the company’s services.
- Renewal Discount: Enjoy reduced rates upon policy renewal, encouraging policyholders to maintain continuous coverage.
- Pay-in-Full Discount: Pay your annual premium in full rather than in installments to receive a discount on your overall premium.
- Paperless Billing Discount: Opt for electronic communication and billing to help reduce administrative costs, resulting in potential savings.
- Affinity Group Discount: Members of certain organizations, associations, or groups may qualify for exclusive discounts as part of their affiliation.
- New Homebuyer Discount: If you’ve recently purchased a new home, you might be eligible for a discount on your home insurance policy.
These discounts make Build America Mutual Assurance Company’s insurance offerings even more attractive, providing opportunities for policyholders to enjoy quality coverage at a more affordable cost.
How Build America Mutual Assurance Company Ranks Among Providers
Build America Mutual Assurance Company operates in a competitive insurance industry, where several notable players vie for customers’ attention. Understanding the company’s main competitors provides valuable insight into the market landscape.
Here are some of Build America Mutual’s primary competitors:
- Nationwide Insurance: A well-established insurance provider, Nationwide offers a wide range of insurance products, including home, auto, life, and business insurance. They are known for their extensive network of agents and strong customer service.
- State Farm: State Farm is one of the largest insurance companies in the United States, offering a diverse range of insurance policies, financial services, and banking products. Their comprehensive offerings and recognizable brand make them a prominent competitor.
- Allstate: Allstate is known for its strong marketing campaigns and variety of insurance options. They offer home, auto, life, and business insurance, along with innovative tools like their Drivewise program for auto insurance customers.
- Progressive: Progressive stands out with its focus on technology and innovation, offering competitive rates for auto insurance, as well as unique features like the Snapshot program that tracks driving behavior to potentially lower premiums.
- Geico: Geico is renowned for its catchy advertising and emphasis on providing affordable auto insurance. Their direct-to-consumer model and user-friendly online platform appeal to tech-savvy customers.
- USAA: While exclusively serving members of the military and their families, USAA is a strong competitor with its comprehensive insurance and financial services offerings, as well as its exceptional customer satisfaction ratings.
- Chubb: Chubb is a major player in the insurance industry, catering to both personal and commercial clients with specialized coverage options and a reputation for high-quality service.
- Travelers: Travelers offers a wide range of insurance products and has a strong presence in both personal and commercial lines. They are known for their risk management solutions for businesses.
- Liberty Mutual: Liberty Mutual provides a variety of insurance options along with customizable coverage packages. Their focus on customer-centric solutions and discounts make them a notable competitor.
- Farmers Insurance: Farmers Insurance offers a range of insurance products for both individuals and businesses, and they’re known for their personalized customer service and diverse coverage options.
Each of these competitors brings its own strengths, market presence, and unique offerings to the table. Build America Mutual Assurance Company distinguishes itself through its commitment to tailored coverage options, financial strength, and customer-centric approach, positioning itself as a reliable choice in the competitive insurance landscape.
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Build America Mutual Assurance Company Claims Process
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Build America Mutual Assurance Company aims to provide a hassle-free claims process for its policyholders. They offer multiple convenient channels for filing a claim, including online submissions, phone assistance, and mobile app functionality.
This diverse range of options ensures that policyholders can choose the method that suits them best, making it easier to initiate a claim promptly.
Average Claim Processing Time
Policyholders often seek prompt resolution of their claims, and Build America Mutual Assurance Company is committed to delivering on this front. While specific processing times may vary depending on the nature of the claim, the company strives to expedite the process.
On average, policyholders can expect a reasonable turnaround time for their claims, providing them with peace of mind during stressful situations.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable indicator of an insurance company’s performance in handling claims. Build America Mutual Assurance Company has garnered positive reviews for its claim resolution and payout processes. Policyholders appreciate the company’s efficiency and responsiveness in settling claims.
This positive feedback underscores the insurer’s commitment to delivering on its promises and providing exceptional customer service during challenging times.
Build America Mutual Assurance Company Digital and Technological Features
Mobile App Features and Functionality
Build America Mutual Assurance Company offers a robust mobile app with a wide range of features and functionality. Policyholders can conveniently manage their policies, file claims, track their claims’ status, and access important documents from the palm of their hand. The mobile app enhances the overall customer experience by providing easy access to essential insurance services on the go.
Online Account Management Capabilities
The insurer’s online account management capabilities empower policyholders to take control of their insurance policies. Through a user-friendly online portal, policyholders can view and update their policy details, make payments, and access important policy documents. This digital convenience simplifies policy management and reduces the need for manual paperwork.
Digital Tools and Resources
Build America Mutual Assurance Company understands the importance of providing policyholders with valuable digital tools and resources. These resources may include educational materials, calculators, and risk assessment tools to help policyholders make informed decisions about their coverage.
By leveraging technology, the insurer equips its customers with the knowledge and tools necessary to protect their assets and make informed insurance choices.
Frequently Asked Questions
How do I determine the right coverage for my home?
Build America Mutual’s experts assess your property’s specifics to recommend tailored home insurance coverage.
Can I bundle my auto and home insurance?
Yes, bundling policies can lead to cost savings. Reach out to Build America Mutual to explore your options.
How does business insurance shield my company from losses?
Build America Mutual’s business insurance provides financial support in case of property damage, liability, or other covered losses.
How do I file a claim after an accident?
Contact Build America Mutual’s claims team, share details, and they will guide you through the 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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