Is Frankenmuth Good for Auto Insurance?
Last Updated on November 15, 2020
Frankenmuth is a Michigan-based insurance company with 150+ years of experience insuring policyholders across the state.
Today, Frankenmuth continues to sell auto insurance through a network of independent agents across Michigan and Ohio. In addition to car insurance, Frankenmuth sells home, life, and business insurance, among other products.
Generally, Frankenmuth is well-rated by policyholders across Michigan, and the insurance company remains popular for drivers across the state.
Is Frankenmuth good for auto insurance? What makes Frankenmuth different from other Michigan insurance companies? Find out everything you need to know about Frankenmuth today in our review.
Table of Contents:
- About Frankenmuth Insurance
- Frankenmuth Insurance Products & Services
- What Makes Frankenmuth Auto Insurance Unique?
- Frankenmuth Auto Insurance Discounts
- Frankenmuth Auto Insurance Reviews
About Frankenmuth Insurance
Frankenmuth Insurance is an insurance company based in Frankenmuth, Michigan.
Over the last 150 years, Frankenmuth has emphasized solid, hassle-free insurance policies for customers with all types of needs.
Frankenmuth does business through a network of local, independent agents across Michigan. These agents sell business insurance, home insurance, life insurance, and auto insurance, among other insurance products.
Frankenmuth, like other smaller and regional insurers, emphasizes strong customer service and a personalized insurance experience – not the faceless experience you get with nationwide brands. The company claims insurance conversations “should happen over coffee, not a cloud.” That’s why the company emphasizes local, independent insurance agents with whom you build a relationship over time.
Frankenmuth is headquartered in Michigan and is best-known in Michigan, although the company now sells insurance in Ohio as well. The company was founded in 1868.
Let’s take a closer look at the products and services offered by Frankenmuth Insurance.
Frankenmuth Insurance Products & Services
Frankenmuth Insurance offers four core insurance products and services, including:
Business Insurance: Frankenmuth offers a full suite of business insurance services, including business owner’s policies, commercial package policies, commercial umbrella insurance, and workers’ compensation, among other packages. The company also offers unique, niche business insurance products like coverage for commercial auto, crime, cyber and data, employment practices liability, inland marine, and safety services.
Home Insurance: Frankenmuth offers a range of home insurance products, including basic liability plans and comprehensive protection packages. Available home insurance products include Ultra Home Guardian and Home Protector, both of which consist of complete packages of insurance products. Frankenmuth also offers standard insurance for renters, condos, dwellings under construction, and manufactured homes (only available in Michigan).
Life Insurance: Frankenmuth offers whole life and term life insurance policies.
Auto Insurance: Frankenmuth offers a range of auto insurance products and services, including basic liability packages and full coverage packages.
What Makes Frankenmuth Auto Insurance Unique?
Michigan drivers have hundreds of options for car insurance. What makes Frankenmuth superior to competing providers? What types of unique car insurance policies does the company offer compared to other providers?
Overall, Frankenmuth offers a standard range of car insurance policies, products, and services to drivers across Michigan and Ohio. Whether you have unique needs or standard needs, you may be able to find the car insurance you need with Frankenmuth:
Basic Liability Coverage: Frankenmuth sells basic liability car insurance in Ohio and Michigan, allowing you to meet state minimum requirements without spending an excessive amount on car insurance. Basic liability coverage includes bodily injury liability coverage, property damage liability coverage, and other required coverages in each state.
Collision Coverage: Frankenmuth sells collision coverage, which covers the cost of your vehicle after an accident. Collision coverage is optional in Ohio and Michigan and is a standard part of a full coverage car insurance policy.
Comprehensive Coverage: Frankenmuth sells comprehensive coverage, which covers the cost of your vehicle after theft, vandalism, environmental damage, and other incidents. Comprehensive coverage is optional in Ohio and Michigan and is included with full coverage car insurance.
Collector Car Insurance: Frankenmuth offers collector car insurance, allowing policyholders to protect classic cars, antique cars, and similar unique vehicles with affordable coverage.
Additional Coverage: Other car insurance options available with Frankenmuth include coverage for rental cars, property damage, medical expenses, funeral expenses, work loss benefits, accidental injury and death, and company car coverage, among other options.
Frankenmuth Auto Insurance Discounts
Frankenmuth offers a standard range of auto insurance discounts compared to competing providers, including all of the following options:
Bundling Discounts: If you bundle multiple policies with Frankenmuth, then you get a discount on all policies. If you have homeowners, life, auto, and business insurance with Frankenmuth, for example, then you can expect to receive a discount across all policies.
Multi-vehicle Discounts: Frankenmuth offers discounts to drivers with multiple vehicles. If you own multiple vehicles and insure them all with Frankenmuth, then you can receive a discount over the cost of buying a policy individually.
Paid in Full Discounts: If you pay your car insurance in full upfront every 6 or 12 months, then you will receive a small discount over those who pay for car insurance monthly.
Safety Features Discounts: Frankenmuth customizes car insurance based on your unique risk profile. Your risk profile consists of your driving habits, personal characteristics, and car safety features, among other factors. If your vehicle has extensive safety features, then you could receive a small discount on your Frankenmuth car insurance premiums.
Personalized Coverage Discounts: Frankenmuth insurance policies vary widely among its customers. The company emphasizes a personalized approach to car insurance – they don’t want to shoehorn customers into ill-fitting policies. With that in mind, some of the best Frankenmuth car insurance discounts are those personalized to your unique needs. A Frankenmuth agent will review your situation and insurance needs, then recommend the best coverage.
Frankenmuth offers discounts customized to each policyholder, and the company does not seem to disclose a full list of discounts upfront. Your discounts may vary depending on your local, demographic information, and driving habits.
Frankenmuth Auto Insurance Reviews: What Do Customers Have to Say?
Frankenmuth is generally well-rated online by drivers in Ohio and Michigan. However, the company’s online presence suffers the same problem as most other car insurance companies in America: most drivers don’t review their insurer unless they have a problem with a claim, which causes review websites to skew downward.
Frankenmuth has an A+ rating from the Better Business Bureau (BBB) with just 4 customer complaints listed, with 4 complaints in the last 3 years and 0 complaints in the last 12 months.
Independent review websites like Yelp, Clearsurance, and others have similar ratings for Frankenmuth: customers praise the company for its personalized service, strong claims satisfaction, and overall customer service. However, customers feel they pay more for Frankenmuth than they would with other providers.
Although customers feel Frankenmuth charges more for car insurance, our analysis shows Frankenmuth charges similar prices compared to other providers in Michigan and Ohio.
Frankenmuth is not large enough to appear on nationwide rankings from J.D. Power and other industry leaders. J.D. Power ranks the best and biggest car insurance companies in the United States every year. Although Frankenmuth has a large presence in Michigan and Ohio, the company is small compared to its nationwide competitors.
A.M. Best ranks insurance companies across the United States based on financial stability. The company analyzes each insurance company’s assets and liabilities, then assigns a grade based on their perceived financial strength. In 2020, A.M. Best affirmed the company’s rating of A+ (Excellent), a rating Frankenmuth has maintained since 2007.
Many of America’s largest and wealthiest insurance companies have a similar rating of A+ (Excellent), although it’s rare for smaller, regional insurance companies to achieve the same score. This makes Frankenmuth’s financial position seem particularly impressive.
Final Word – Frankenmuth Auto Insurance Review
Frankenmuth is a car insurance company available to drivers in Michigan and Ohio. Founded in 1868, the company has over 150 years of experience providing car insurance to drivers across the region.
Today, Frankenmuth emphasizes higher quality customer service, better claims satisfaction, and a more personalized insurance experience than its faceless nationwide competitors. The company’s prices tend to be slightly higher than competing options, although some customers are willing to pay a premium for better service.
To learn more about Frankenmuth or to request a quote today, visit the company online or contact a Frankenmuth Insurance agent in your area.