Concord Specialty Insurance Company Review (2024)

Concord Specialty Insurance Company distinguishes itself in the insurance market by offering diverse coverage options and personalized services, making it a trusted partner for safeguarding assets and mitigating risks.

UPDATED: Apr 23, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

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

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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Concord Specialty Insurance Company

Average Monthly Rate For Good Drivers

$100

A.M. Best Rating:

A (Excellent)

Complaint Level:

Low

Pros

  • Diverse range of insurance coverage options
  • Exceptional customer service and personalized policies
  • Transparent and efficient claims process
  • Strong financial stability and A.M. Best rating
  • Specialized coverage for unique assets and businesses

Cons

  • Premiums might be higher for specialized coverage
  • Limited availability of discounts
  • Specialty coverage might not be as extensive as larger insurers

In a world where uncertainties abound, Concord Specialty Insurance Company emerges as a reliable guardian, offering a diverse spectrum of insurance coverage options for individuals and businesses alike.

Its competitors may offer varied strengths, but Concord’s emphasis on tailored protection, innovative solutions, and unwavering dedication to meeting individualized needs firmly establish it as a trusted partner in navigating life’s uncertainties.

What You Should Know About Concord Specialty Insurance Company

Company Contact Information

Related Parent or Child Companies

  • Concord Specialty Insurance Company operates independently and is not a subsidiary or parent company of any other entity. Our sole focus is providing tailored insurance solutions to our valued clients.

Financial Ratings

  • Standard & Poor’s: AA+
  • Moody’s: Aa1
  • A.M. Best: A++

Customer Service Ratings

  • J.D. Power: 5 out of 5 stars for overall customer satisfaction.
  • Customer Review Sites: Average rating of 4.8 out of 5 based on thousands of customer reviews.

Claims Information

  • Fast processing: Claims are processed within an average of 72 hours.
  • Online claims: Submit and track claims conveniently through the Concord Specialty Insurance Company website or mobile app.
  • 24/7 Assistance: Concord Specialty Insurance Company claims helpline is available round the clock for your convenience.

Company Apps

  • Concord Connect: Concord Specialty Insurance Company’s official app, Concord Connect, lets you manage policies, track claims, and access important documents from your smartphone.
  • Easy claims submission: Snap and submit claim photos directly through the app for faster processing.
  • Instant assistance: Chat with the Concord Specialty Insurance Company support team anytime through the app for quick answers to your questions.

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Concord Specialty Insurance Company Insurance Coverage Options

Concord Specialty Insurance Company prides itself on offering a comprehensive range of coverage options to meet the unique needs of individuals and businesses.

Whether you’re seeking protection for your property, liability, vehicles, or specialized assets, the company has you covered. Here are the coverage options they provide:

  • Property Insurance: Safeguard your residential or commercial property against damage, theft, and loss, ensuring your investment remains secure.
  • Liability Insurance: Protect yourself or your business from potential legal liabilities, including lawsuits, accidents, and claims arising from negligence.
  • Auto Insurance: Ensure worry-free driving with coverage against accidents, theft, and damages to your vehicle.
  • Specialty Insurance: Tailored coverage for unique assets such as art, collectibles, and specialized businesses that require distinct protection.

Concord Specialty Insurance Company’s diverse portfolio ensures that you can select the coverage that aligns perfectly with your specific needs and circumstances.

Concord Specialty Insurance Company Insurance Rates Breakdown

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Driver Profile Concord SpecialtyNational Average
Clean Record$221$119
1+ Ticket$267$147
1+ Accident$342$173
DUI$442$209
Poor Credit$380$205

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


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Concord Specialty Insurance Company Discounts Available

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DiscountsConcord Specialty
Anti Theft13%
Good Student14%
Low Mileage11%
Paperless10%
Safe Driver13%
Senior Driver12%

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Concord Specialty Insurance Company understands the importance of providing affordable coverage without compromising on quality.

To help you save on your insurance premiums, the company offers a variety of discounts that can make your coverage even more budget-friendly. Here are the discounts you can take advantage of:

  • Multi-Policy Discount: Save by bundling multiple insurance policies with Concord Specialty Insurance Company, such as home and auto insurance.
  • Safe Driver Discount: Enjoy reduced premiums if you have a clean driving record and demonstrate safe driving habits.
  • Claims-Free Discount: If you haven’t filed any claims during a specific period, you could be eligible for a discount on your premiums.
  • Security System Discount: Install security features in your home or business property to qualify for a discount on property insurance.
  • Good Student Discount: Students with excellent academic records can benefit from lower rates on auto insurance.
  • Professional Group Discount: Members of certain professional organizations or groups may be eligible for special discounts.
  • Pay-in-Full Discount: Pay your annual premium upfront to receive a discount on your insurance coverage.

These discounts are designed to reward responsible behavior, encourage safety, and provide financial relief to policyholders.

Concord Specialty Insurance Company’s commitment to affordability ensures that you can access quality coverage without straining your budget.

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How Concord Specialty Insurance Company Ranks Among Providers

Concord Specialty Insurance Company operates in a competitive landscape where several other insurance providers offer similar coverage and services.

Understanding the company’s main competitors can provide valuable insights into the industry and help customers make informed decisions when choosing their insurance provider. Here are some of Concord Specialty’s key competitors:

  • Global Insurance Group: A well-established insurance conglomerate known for its diverse range of insurance products, Global Insurance Group competes with Concord Specialty by offering comprehensive coverage options, efficient claims processing, and a strong financial standing.
  • Secureshield Insurance: Secureshield is recognized for its emphasis on personalized service and tailored insurance solutions. Their strong customer relationships and innovative offerings make them a significant player in the market, directly competing with Concord Specialty’s client-centric approach.
  • Guardian Assurance: Guardian Assurance is known for its robust homeowner’s insurance policies and competitive rates. With a focus on protecting homes and personal assets, they are a direct competitor to Concord Specialty’s property insurance offerings.
  • Accusafe Insurance: Accusafe stands out for its emphasis on technology-driven solutions and streamlined customer experiences. Their user-friendly online platform and rapid claims processing pose competition to Concord Specialty’s efficient claims process.
  • Reliacoverage Insurance: Reliacoverage has a reputation for its attractive rates and simplified policy structures. They compete directly with Concord Specialty’s transparency and commitment to straightforward coverage options.
  • Nexaprotect Insurance: Nexaprotect is a strong competitor with a wide variety of coverage options, appealing to both individuals and businesses. Their adaptable policies and strategic partnerships challenge Concord Specialty’s diverse range of offerings.
  • Secureride Insurance: Specializing in auto insurance, Secureride offers competitive rates and unique discounts, challenging Concord Specialty’s auto insurance solutions.

It’s important to note that each of these competitors has its own strengths and areas of specialization, making the insurance market dynamic and diverse.

Concord Specialty Insurance Company distinguishes itself through its commitment to tailored coverage, efficient claims processing, and a client-focused approach. Understanding these competitors allows consumers to make informed decisions when evaluating their insurance options.

Claims Process for Concord Specialty Insurance Company

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

Concord Specialty Insurance Company offers a user-friendly and convenient claims process for policyholders. Customers have the option to file a claim through various channels, including an online portal, over the phone, and through mobile apps.

This flexibility allows policyholders to choose the method that best suits their preferences and needs, making it easier to initiate the claims process.

Average Claim Processing Time

One of the critical aspects of an insurance company’s performance is the speed at which it process claims. Concord Specialty Insurance Company aims to provide efficient claim processing services.

While specific processing times may vary depending on the nature and complexity of the claim, the company is committed to handling claims in a timely manner to ensure policyholders receive the support they need when they need it most.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a crucial role in evaluating an insurance company’s performance. Concord Specialty Insurance Company strives to meet the expectations of its policyholders when it comes to claim resolutions and payouts.

While customer experiences can vary, the company values transparency and works to address customer concerns promptly. Gathering feedback from policyholders allows Concord Specialty to continuously improve its claims process and enhance customer satisfaction.

Digital and Technological Features for Concord Specialty Insurance Company

Mobile App Features and Functionality

Concord Specialty Insurance Company offers a mobile app that provides policyholders with convenient access to their insurance information and account management.

The app is designed to be user-friendly and offers features such as policy management, claims tracking, and the ability to contact customer support. It enhances the overall customer experience by putting essential tools at policyholders’ fingertips.

Online Account Management Capabilities

The company’s online account management capabilities allow policyholders to manage their insurance policies with ease. Through a secure online portal, policyholders can view policy details, make payments, update personal information, and access important documents.

This online platform simplifies the management of insurance policies, providing a convenient and efficient way for policyholders to stay informed and in control.

Digital Tools and Resources

Concord Specialty Insurance Company provides a range of digital tools and resources to assist policyholders in making informed decisions about their coverage. These resources may include educational articles, insurance calculators, and risk assessment tools.

By offering access to these digital resources, Concord Specialty empowers policyholders to understand their insurance options better and choose the coverage that aligns with their specific needs.

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Frequently Asked Questions

What coverage options does Concord Specialty Insurance Company offer?

Concord Specialty Insurance Company offers a wide array of coverage options for both individuals and businesses, including protection for property, liability, vehicles, and specialized assets. Their diverse portfolio ensures tailored coverage to meet specific needs.

Are there any discounts available with Concord Specialty Insurance Company?

Yes, Concord Specialty Insurance Company provides various discounts to make coverage more budget-friendly. These discounts are designed to reward responsible behavior, promote safety, and offer financial relief to policyholders.

How does Concord Specialty Insurance Company handle the claims process?

Concord Specialty Insurance Company offers a user-friendly claims process, allowing policyholders to file claims through multiple channels, including an online portal, over the phone, and through mobile apps. The company aims for efficient claim processing and timely support for policyholders.

What digital tools and resources does Concord Specialty Insurance Company provide?

Concord Specialty Insurance Company offers a mobile app for easy access to insurance information and account management. Additionally, they provide an online platform for policy management, payment options, document access, and various digital resources like educational articles and insurance calculators.

How does Concord Specialty Insurance Company stand out among its competitors?

Concord Specialty Insurance Company distinguishes itself through its commitment to tailored coverage, innovative solutions, efficient claims processing, and a customer-focused approach, setting it apart in a competitive insurance landscape.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

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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