Federated Mutual Insurance Company: Customer Ratings & Reviews [2024]
With over a century of expertise, Federated Mutual Insurance Company offers competitive rates, positive customer reviews, and an unwavering commitment to top-tier service.
Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
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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Federated Mutual Insurance Company
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
A+ (Superior)Complaint Level:
LowPros
- Over a century of experience in the insurance industry.
- A wide range of insurance products and services for personal and business needs.
- Competitive rates and various discounts are available.
- Positive customer reviews and exceptional customer service.
- Strong financial stability and an A+ rating from A.M. Best.
Cons
- Limited availability.
- Lack of detailed information on coverage limits and specific policy details.
- Limited transparency regarding the claims process and potential limitations or exclusions.
- No mention of unique features or additional benefits compared to competitors.
- Limited information about the stability of premiums over time.
Federated Mutual Insurance Company is a reliable and trusted insurance provider with over a century of experience in the industry. Their mission is to provide tailored insurance solutions to protect the business and personal assets of their clients.
Federated offers a wide range of insurance products and services, including business insurance, personal insurance, and financial services. Their rates are competitive, and they offer various discounts to their customers. Federated has a low complaint level and has received positive reviews and ratings for its exceptional customer service and personalized approach.
While their availability is limited, Federated is highly rated by A.M. Best and has a long-standing history of providing peace of mind through its comprehensive insurance coverage.
What You Should Know About Federated Mutual Insurance Company
Company contact information:
- Address: Federated Insurance, 121 East Park Square, Owatonna, MN 55060
- Phone: 1-888-333-4949
- Website: www.federatedinsurance.com
Related parent or child companies:
- Federated Insurance is a subsidiary of Federated Mutual Insurance Company.
Financial ratings:
- Federated Mutual Insurance Company has an A+ (Superior) rating from A.M. Best, indicating their financial stability and ability to meet their ongoing insurance obligations.
Customer service ratings:
- Federated has received positive customer reviews and ratings for their exceptional customer service and personalized approach. They also have a low complaint level, indicating their commitment to resolving customer issues.
Claims information:
- Federated offers various options for reporting claims, including online, phone, or email. They have a team of experienced claims professionals who work to ensure a prompt and fair resolution of each claim.
Company apps:
- Federated offers a mobile app for their customers, providing them with easy access to their policy information, claims status, and other helpful resources. The app is available for download on both iOS and Android devices.
Read more: Federated Life Insurance Company Review
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Federated Mutual Insurance Company Insurance Coverage Options
Federated Mutual Insurance Company offers a wide range of insurance products and services to protect both personal and business assets. Here are some of the coverage options they offer:
Personal insurance:
- Auto insurance: Provides coverage for personal vehicles, including liability, collision, and comprehensive coverage.
- Homeowners insurance: Provides coverage for homes, including property damage, liability, and personal property coverage.
- Personal umbrella insurance: Provides additional liability coverage beyond what is covered by standard personal insurance policies.
Business insurance:
- Property insurance: Provides coverage for buildings, equipment, inventory, and other business property.
- Liability insurance: Provides coverage for bodily injury, property damage, and other liabilities.
- Workers’ compensation insurance: Provides coverage for medical expenses and lost wages for employees who are injured on the job.
- Commercial auto insurance: Provides coverage for vehicles used for business purposes.
- Professional liability insurance: Provides coverage for businesses that provide professional services, such as doctors, lawyers, and accountants.
- Group health insurance: Provides health insurance coverage for employees and their families.
Financial services:
- Life insurance: Provides coverage for death benefits and other financial protection for loved ones.
- Retirement planning: Helps customers plan for their future financial needs and retirement.
- Business continuation planning: Helps businesses plan for unexpected events, such as the death or disability of a key employee or owner.
Federated’s comprehensive coverage options help their customers protect their personal and business assets and provide financial security for their loved ones.
Federated Mutual Insurance Company Insurance Rates Breakdown
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| Driver Profile | Federated Mutual Insurance | National Average |
|---|---|---|
| Clean Record | $94 | $119 |
| 1+ Ticket | $125 | $147 |
| 1+ Accident | $154 | $173 |
| DUI | $308 | $209 |
| Poor Credit | $161 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Federated Mutual Insurance Company Discounts Available
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| Discounts | Federated Mutual Insurance |
|---|---|
| Anti Theft | 23% |
| Good Student | 21% |
| Low Mileage | 24% |
| Paperless | 19% |
| Safe Driver | 32% |
| Senior Driver | 22% |
Federated Mutual Insurance Company offers various discounts to help their customers save money on their insurance premiums. Here are some of the discounts they offer:
- Multi-policy discount: Customers who have multiple insurance policies with Federated can save money on their premiums.
- Safety program discount: Federated offers discounts to businesses that have implemented safety programs to reduce the risk of accidents and injuries.
- Safety group discount: Federated partners with various industry groups to offer discounted insurance rates to their members.
- Claims-free discount: Customers who have been claims-free for a certain period of time can qualify for a discount on their insurance premiums.
- EFT discount: Customers who choose to pay their premiums via electronic funds transfer (EFT) can qualify for a discount.
- Paperless discount: Customers who choose to receive their policy documents and communications electronically can qualify for a discount.
- Early signing discount: Customers who sign up for a new policy with Federated before their current policy expires can qualify for an early signing discount.
These discounts can help customers save money on their insurance premiums and make Federated’s insurance products and services more affordable.
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How Federated Mutual Insurance Company Ranks Among Providers
Federated Mutual Insurance Company operates in a competitive industry and faces several major competitors. Here are some of their main competitors:
- State Farm: With a 16% market share, State Farm is the largest auto insurer in the United States and offers a wide range of insurance products and services for individuals and businesses.
- Allstate: With a 9% market share, Allstate is the second-largest auto insurer in the United States and offers personal and business insurance products and services.
- Nationwide: Nationwide is a mutual insurance company that offers personal and business insurance products and services, including auto, home, and life insurance.
- Progressive: Progressive is the third-largest auto insurer in the United States and offers a range of personal and commercial insurance products and services, including auto, home, and business insurance.
- Liberty Mutual: Liberty Mutual is a global insurer that offers personal and business insurance products and services, including auto, home, and life insurance.
While Federated has a strong presence in the insurance market, they face competition from these and other established insurance companies. They differentiate themselves by offering personalized service and a wide range of coverage options for both individuals and businesses.
Frequently Asked Questions
What types of insurance does Federated offer?
Federated offers business insurance, personal insurance, and financial services to protect both personal and business assets.
What states does Federated offer insurance coverage in?
Federated offers insurance coverage in all 50 states.
How can I qualify for a discount with Federated?
Federated offers discounts for multi-policy holders, claims-free customers, safety program participants, and groups.
How is Federated rated by customers?
Federated has a 4.5-star rating on Trustpilot and an A+ rating with the Better Business Bureau.
Can I manage my policy and claims online with Federated Mutual Insurance Company?
Yes, Federated Mutual Insurance Company offers online policy management and claims reporting through their mobile app.
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Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
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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