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Austin Mutual Ratings and Company Information
Best Insurance Reports: A
Url of page where rating was collected:
Best Rating: A.M. Best rating: A (excellent)
Type of Insurance Company: Mutual
Name of Parent Company:
The Main Street America Group
Company History: Austin Mutual was founded in Minnesota in 1896 under the name State Farmers Mutual Hail Association of Minnesota. Only in 1930 was the name changed to Austin Mutual Insurance Company. In 1974 the Austin Mutual Windstorm Insurance Company merged into the Austin Mutual Insurance Company; in 1999 the Waseca Mutual Insurance Company merged into the Austin Mutual Insurance Group. In 2012 the Austin Mutual Insurance Company became an affiliate of The Main Street America Group. Now the company serves over 95,000 policyholders. It has been listed on Ward's top 50 property/casualty insurance companies in the US list for three years straight. This streak has placed the company in the top 2 percent of the best-performing property and casualty carriers.
Principle Sales Methods: Austin Mutual employs over 250 independent agents and works through a network of over 850 local independent agencies.
Auto Business: Austin Mutual offers a variety of coverage options and discounts. The primary policy features accident forgiveness, safe driver program, standard auto program, common loss deductible, all with a six or twelve month term.
Homeowners Business: Austin mutual offers a package of personal liability and property coverage that you can add optional coverages. The company also offers a variety of discounts and insurance for mobile homeowners.
Special Business: Austin Mutual offers commercial insurance and agribusiness insurance.
Company Financial Status:
Assets & Premiums: Premiums: $175 million
Assets: $145 million
Net Surplus: $60.4 million
Lines of Insurance:
States licensed to sell insurance in:
AZ, ID, IL, IA, KS, MN, MT, NE, ND, OR, SD, UT, WA, WI