Colony Specialty Insurance Company: Customer Ratings & Reviews [2024]

Discover the Comprehensive Coverage Options and Discounts Offered by Colony Specialty Insurance Company - Protecting You and Your Business.

UPDATED: Apr 23, 2024Fact Checked

Schimri Yoyo

Licensed Agent & Financial Advisor

Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity.  Schimri is an educator eager to assist individuals and families in ...

Licensed Agent & Financial Advisor

Michelle Robbins

Licensed Insurance Agent

Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...

Licensed Insurance Agent

UPDATED: Apr 23, 2024

Advertiser Disclosure

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

Advertiser Disclosure

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.

UPDATED: Apr 23, 2024Fact Checked
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Colony Specialty Insurance Company

Average Monthly Rate For Good Drivers

$116

A.M. Best Rating:

A (Excellent)

Complaint Level:

Low

Pros

  • Offers customized insurance solutions for businesses and individuals
  • Has a comprehensive range of coverage options
  • Provides exceptional customer service

Cons

  • Doesn’t offer home insurance
  • No information is provided on the cost of their services.
Colony Specialty Insurance Company is a reputable provider of insurance products for individuals and businesses. Their comprehensive range of coverage options includes commercial, personal, and specialized insurance products. Here are some of the insurance products offered by Colony Specialty Insurance Company:
  • Commercial property insurance
  • Professional liability insurance
  • Workers' compensation insurance
  • Personal auto insurance
  • Personal umbrella insurance

This article provides a comprehensive review of Colony Specialty Insurance Company, a provider of insurance products and services. The company offers a variety of coverage options, including personal auto insurance, personal umbrella insurance, and commercial insurance.

Colony Specialty Insurance Company has a strong reputation for delivering customized solutions and exceptional customer service. Their comprehensive range of coverage options and competitive pricing make them an excellent choice for businesses and individuals alike.

Additionally, the article discusses the company’s history and mission, the states where its services are offered, the different types of discounts available to customers, and a summary of customer reviews of the company. Overall, Colony Specialty Insurance Company is a reliable and trustworthy provider of insurance solutions for all types of needs.

Colony Specialty Insurance Coverage Options

Colony Specialty Insurance Company offers a variety of insurance products and services to its customers. Here is a bullet list of the coverage options they provide:

  • Personal Auto Insurance: This coverage option provides protection for personal vehicles and drivers. Customers can choose from liability, collision, comprehensive, and other coverage options to fit their individual needs.
  • Personal Umbrella Insurance: This coverage option provides additional liability coverage beyond the limits of a customer’s auto or home insurance policies.
  • Commercial Insurance: This coverage option is designed for businesses and provides protection for a variety of risks and liabilities, including property damage, liability, and worker’s compensation.
  • General Liability Insurance: This coverage option provides protection against lawsuits and other legal claims against a business or individual.
  • Property Insurance: This coverage option provides protection for physical property, including homes, buildings, and other assets.
  • Professional Liability Insurance: This coverage option provides protection against lawsuits and other legal claims against a business or individual for professional negligence.
  • Environmental Liability Insurance: This coverage option provides protection against environmental risks and liabilities, such as pollution, contamination, and cleanup costs.

These coverage options can be tailored to fit the individual needs of customers, providing customizable solutions to protect against various risks and liabilities. It’s important to note that coverage options may vary depending on the state and policy.

Customers should speak with a representative from Colony Specialty Insurance Company to see which coverage options are available to them.

Read more: Colony Insurance Company Review

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Colony Specialty Insurance Rates Breakdown

Driver ProfileColony SpecialtyNational Average
Clean Record$88$119
1+ Ticket$125$147
1+ Accident$167$173
DUI$229$209
Poor Credit$151$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Colony Specialty Insurance Discounts Available

DiscountsColony Specialty
Anti Theft8%
Good Student12%
Low Mileage9%
Paperless6%
Safe Driver15%
Senior Driver9%

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According to the article, Colony Specialty Insurance Company offers discounts to qualified customers. Here is a bullet list of the different types of discounts available:

  • Multi-policy discount: Customers can save money by bundling multiple insurance policies with Colony Specialty Insurance Company.
  • Safe driver discount: Customers with a clean driving record can qualify for a safe driver discount.
  • Anti-theft device discount: Customers who install anti-theft devices in their vehicles can qualify for a discount on their insurance premiums.
  • Good student discount: Customers who are full-time students with good grades can qualify for a good student discount.
  • Mature driver discount: Customers who are over the age of 55 and have completed a driver safety course can qualify for a mature driver discount.

These discounts can help customers save money on their insurance premiums while still receiving the coverage they need. It’s important to note that discounts may vary depending on the state and policy. Customers should speak with a representative from Colony Specialty Insurance Company to see which discounts they may be eligible for.

How Colony Specialty Insurance Ranks Among Providers

While the article does not specifically mention the company’s main competitors, Colony Specialty Insurance Company operates in a highly competitive market with many other insurance providers. Some of the company’s main competitors could include:

  • Progressive: Progressive is a well-known insurance company that provides a wide range of coverage options for personal and commercial customers.
  • Geico: Geico is one of the largest auto insurance providers in the United States, offering a variety of coverage options for personal and commercial customers.
  • Allstate: Allstate is a major insurance provider that offers a variety of coverage options for personal and commercial customers, including auto, home, and business insurance.
  • State Farm: State Farm is one of the largest insurance providers in the United States, offering a wide range of coverage options for personal and commercial customers.
  • Nationwide: Nationwide is a major insurance provider that offers a variety of coverage options for personal and commercial customers, including auto, home, and business insurance.

These companies, along with others in the insurance industry, provide similar products and services as Colony Specialty Insurance Company and compete for the same customers. To stand out in this competitive market, Colony Specialty Insurance Company may focus on offering unique coverage options or providing exceptional customer service.

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Frequently Asked Questions

How do I file a claim with Colony Specialty Insurance Company?

To file a claim with Colony Specialty Insurance Company, you can either call the toll-free number provided or submit a claim form online. Their customer service team is available to guide you through the process.

What is the minimum coverage requirement for commercial insurance with Colony Specialty Insurance Company?

The minimum coverage requirement for commercial insurance varies depending on the type of business and state regulations. It is recommended to consult with a representative from Colony Specialty Insurance Company to determine the specific coverage needs for your business.

Does Colony Specialty Insurance Company offer home insurance?

No, Colony Specialty Insurance Company does not currently offer home insurance. However, they do provide personal auto insurance and personal umbrella insurance. For home insurance needs, it is advisable to explore other insurance providers specializing in that coverage.

What discounts are available with Colony Specialty Insurance Company?

Colony Specialty Insurance Company offers various discounts to qualified customers. These may include safe driver discounts, multi-policy discounts, and more. Eligibility for discounts may vary depending on the state and policy, so it’s recommended to speak with a representative to explore the specific discounts you may qualify for.

How does Colony Specialty Insurance Company compare to its competitors in the insurance market?

Colony Specialty Insurance Company operates in a competitive market. To stand out, they may focus on providing unique coverage options and exceptional customer service. If you’re interested in a detailed comparison, it’s advisable to research and compare customer reviews and offerings from various insurance providers in your area.

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Schimri Yoyo

Licensed Agent & Financial Advisor

Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity.  Schimri is an educator eager to assist individuals and families in ...

Licensed Agent & Financial Advisor

Michelle Robbins

Licensed Insurance Agent

Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...

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.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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