Old Republic Surety Company Review (2024)
Explore the comprehensive review of Old Republic Surety Company, a longstanding insurance provider known for its century-long legacy of trust and reliability, offering a diverse range of insurance solutions tailored to meet the unique needs of individuals and businesses.
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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Old Republic Surety Company
Average Monthly Rate For Good Drivers
$123A.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- Strong A.M. Best rating (Excellent).
- Wide range of insurance offerings.
- Competitive pricing.
- Excellent customer service.
- Tailored insurance solutions.
- Reputation for trustworthiness and reliability.
- Expertise in the insurance industry.
Cons
- Rates can vary based on factors like bond type and creditworthiness.
- Limited online quoting; contact required for detailed quotes.
- Specific rates are not provided due to policy variations.
- Some policies may be subject to underwriting review.
In this comprehensive article, we explore Old Republic Surety Company, a venerable insurance provider with a century-long legacy of trust and reliability. Old Republic Surety Company offers a diverse range of insurance solutions, including surety bonds, contractor bonds, commercial surety, and more.
With a focus on meeting the unique needs of individuals and businesses, they provide comprehensive coverage options tailored to safeguard assets and ensure financial security.
Beyond their extensive product offerings, this article highlights the company’s commitment to excellence, a range of discounts available to clients, and key competitors in the insurance industry.
Old Republic Insurance Coverage Options
Old Republic Surety Company is your trusted partner when it comes to insurance solutions. With a legacy of over a century, they offer a diverse range of coverage options tailored to meet the unique needs of individuals and businesses alike. Below, you’ll find a comprehensive list of coverage options provided by this renowned insurance provider.
Surety Bonds
- Contract Bonds
- Commercial Bonds
- Court Bonds
- License and Permit Bonds
- Fidelity Bonds
Contractor Bonds
- Bid Bonds
- Performance Bonds
- Payment Bonds
- Maintenance Bonds
- Subdivision Bonds
Commercial Surety
- Customs Bonds
- Erisa Bonds
- Public Official Bonds
- Financial Institution Bonds
- Notary Bonds
Fidelity Bonds
- Employee Dishonesty Coverage
- Erisa Fidelity Bonds
- Business Services Bonds
Environmental Surety
- Environmental Surety Bonds
- Remediation and Cleanup Bonds
- Landfill Closure Bonds
- Mitigation Bonds
Miscellaneous Bonds
- Utility Bonds
- Lost Instrument Bonds
- Replevin Bonds
- Tax Bonds
The availability of these coverage options may vary by location and specific insurance policies offered by Old Republic Surety Company. It’s essential to consult with the company or their agents to determine the precise coverage options that best suit your needs or the needs of your business.
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Old Republic Insurance Rates Breakdown
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| Driver Profile | Old Republic Surety | National Average |
|---|---|---|
| Clean Record | $100 | $119 |
| 1+ Ticket | $124 | $147 |
| 1+ Accident | $138 | $173 |
| DUI | $183 | $209 |
| Poor Credit | $172 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Old Republic Discounts Available
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| Discounts | Old Republic Surety |
|---|---|
| Anti Theft | 16% |
| Good Student | 20% |
| Low Mileage | 14% |
| Paperless | 9% |
| Safe Driver | 26% |
| Senior Driver | 16% |
Old Republic Surety Company understands the value of providing cost-effective insurance solutions to its clients. To make insurance more accessible and affordable, they offer a range of discounts. Here’s a list of some common discounts you may be eligible for when working with Old Republic Surety Company:
- Multi-Policy Discount: Bundling multiple insurance policies with Old Republic Surety Company, such as home and auto insurance, can lead to significant savings on your premiums.
- Safe Driver Discount: If you have a clean driving record with no accidents or violations, you may qualify for a safe driver discount on your auto insurance.
- Good Student Discount: Students with excellent academic records often receive discounts on their auto insurance premiums.
- Claims-Free Discount: Maintaining a claims-free history with the company may make you eligible for a discount on your insurance policies.
- Safety Features Discount: Installing safety features in your vehicle, such as anti-theft devices or airbags, can lead to lower premiums on your auto insurance.
- Home Security Discount: Taking measures to secure your home, such as installing a security system, may result in lower rates for your homeowners or renters insurance.
- Professional Association Discounts: Membership in certain professional associations or groups may qualify you for specialized discounts on insurance policies.
- Multi-Vehicle Discount: If you insure multiple vehicles under the same policy, you can often enjoy reduced rates for each vehicle.
- Renewal Discounts: Staying loyal to Old Republic Surety Company and renewing your policies with them can lead to discounts over time.
- Paperless Billing Discount: Opting for paperless billing and electronic communication can sometimes result in savings on your premiums.
- Good Credit Discount: Maintaining a strong credit score can make you eligible for better insurance rates.
- Homeowner Discount: If you own a home, you may be eligible for discounts on your auto insurance or other policies.
- New Customer Discounts: Old Republic Surety Company may offer special discounts to new customers as an incentive to switch or start new policies with them.
To take full advantage of these discounts and determine which ones apply to your situation, it’s advisable to discuss your insurance needs with the company directly or through their authorized agents. They can provide you with personalized information and help you tailor your insurance coverage while maximizing available discounts.
How Old Republic Ranks Among Providers
Old Republic Surety Company operates in the insurance industry, specializing in surety bonds and various other insurance products. While specific competitors can vary depending on the types of insurance and services offered by the company, here are some key players that often compete with Old Republic Surety Company:
- Travelers: Travelers is a major insurance company offering a wide range of insurance products, including surety bonds, commercial insurance, and personal insurance. They compete with the Old Republic in the commercial insurance sector.
- The Hartford: The Hartford is known for providing various insurance solutions, including surety bonds and commercial insurance products. They are a significant competitor in the commercial insurance market.
- Chubb: Chubb is a global insurance company that offers a range of commercial and personal insurance products, including surety bonds. They compete with the Old Republic in providing comprehensive insurance solutions to businesses.
- Liberty Mutual: Liberty Mutual is a well-established insurance company offering a broad spectrum of insurance products, including surety bonds and commercial insurance. They are a prominent competitor in the industry.
- CNA Financial: Cna Financial is a leading provider of commercial insurance, including surety bonds. They often compete with the Old Republic in serving businesses’ insurance needs.
- Zurich: Zurich is a global insurance company offering a wide range of insurance products, including surety bonds and commercial insurance. They are a significant player in the international insurance market.
- Allianz: Allianz is a multinational insurance company offering a diverse array of insurance products and services. They compete with the Old Republic in various insurance segments, including surety bonds and commercial insurance.
- Berkshire Hathaway: Owned by Warren Buffett, Berkshire Hathaway’s insurance division, which includes companies like Berkshire Hathaway Specialty Insurance, offers competitive insurance solutions, including surety bonds.
- Amtrust financial services: Amtrust specializes in providing insurance solutions to small and mid-sized businesses, including surety bonds. They compete with the Old Republic in serving this market segment.
- American International Group: AIG is a global insurance company with a wide-ranging portfolio of insurance products, including surety bonds, commercial insurance, and more.
In a world filled with insurance options, Old Republic Surety Company stands out as a trusted and experienced partner in safeguarding your interests. With a legacy of reliability and a commitment to providing tailored solutions, they are dedicated to helping individuals and businesses navigate the complexities of insurance.
Read more: Old Republic Security Assurance Company Review
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Old Republic Surety Company Claims Process
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
When it comes to the claims process at Old Republic Surety Company, they offer multiple convenient options for policyholders to file a claim. Whether you prefer the ease of online submissions, the convenience of over-the-phone assistance, or the accessibility of mobile apps, Old Republic Surety Company ensures that you have a seamless experience when it comes to initiating a claim.
Average Claim Processing Time
Old Republic Surety Company is committed to providing prompt claim processing services. While the specific processing time can vary depending on the nature of the claim and other factors, they strive to process claims efficiently to minimize any delays in getting you the support and coverage you need during challenging times.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable aspect of any insurance company’s claims process. Old Republic Surety Company places great importance on customer satisfaction and aims to resolve claims fairly and efficiently. They actively seek and consider customer feedback on claim resolutions and payouts to continuously improve their services and ensure policyholders are content with the outcomes.
Digital and Technological Features of Old Republic Surety Company
Mobile App Features and Functionality
Old Republic Surety Company offers a user-friendly mobile app that provides policyholders with a range of features and functionalities. Through the app, you can access your policy information, initiate claims, make payments, and even receive important updates and notifications directly on your mobile device. The app is designed to simplify insurance management and keep you informed on the go.
Online Account Management Capabilities
Managing your insurance policies and accounts online has never been easier with Old Republic Surety Company. Their online account management portal allows you to view and update your policy details, track claims, request changes, and access essential documents from the comfort of your computer or mobile device. It’s a convenient way to stay in control of your insurance matters.
Digital Tools and Resources
Old Republic Surety Company offers a range of digital tools and resources to assist policyholders in making informed decisions. These resources may include educational articles, calculators, and FAQs that can help you understand your insurance coverage better.
By providing these digital resources, Old Republic Surety Company aims to empower its clients to navigate the complexities of insurance with confidence.
Frequently Asked Questions
What types of insurance does Old Republic Surety Company offer?
Old Republic Surety Company provides a wide range of insurance solutions, including surety bonds, contractor bonds, commercial surety, fidelity bonds, and more.
How does Old Republic Surety Company stand out from other insurers?
Old Republic Surety Company distinguishes itself through its century-long legacy of trust, commitment to tailored solutions, and a competitive range of coverage options.
Are there discounts available for clients of Old Republic Surety Company?
Yes, clients may be eligible for discounts such as multi-policy, safe driver, and more, making insurance more affordable.
How can I contact Old Republic Surety Company for more information or to get a quote?
You can reach out to Old Republic Surety Company through their official website or contact their authorized agents for personalized assistance.
What sets Old Republic Surety Company apart from its competitors?
Old Republic Surety Company’s legacy of reliability, diverse coverage options, and commitment to client needs make them a trusted choice in the insurance industry.
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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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