Does Horace Mann Have Good Auto Insurance Coverage?
Last Updated on April 4, 2021
Horace Mann is a car insurance company that specializes in selling policies to teachers.
If you’re a teacher, then you could get a discount rate on car insurance through Horace Mann. The company has provided auto insurance since 1945.
Does Horace Mann have good auto insurance coverage? Should you buy car insurance through Horace Mann? Find out everything you need to know about this specialty insurance company today in our review.
Table of Contents:
- About Horace Mann
- Horace Mann Products & Services
- How Does Horace Mann Auto Insurance Work?
- What Makes Horace Mann Unique?
- Horace Mann Insurance Discounts
- Horace Mann Insurance Reviews: What Do Customers Have to Say?
About Horace Mann
Horace Mann is an insurance company founded in 1945 to sell all types of insurance products to teachers across the United States.
The company was launched by two teachers in Springfield, Illinois who believed teachers needed better, discounted car insurance options. The company continues to be headquartered in Springfield, Illinois to this day.
Today, the company offers a full range of auto insurance, home insurance, liability insurance, and other insurance products. Teachers can also access financial services and other specialty services through Horace Mann.
Horace Mann serves 4,100 school districts nationwide. They’re also a publicly traded company on the New York Stock Exchange (under the symbol HMN). The company has over $12 billion in assets and nearly one million customers across the United States.
|Horace Mann Contact Information|
|Address||1 Horace Mann Plaza
Springfield, IL 62715
|Hours||7am-8pm CT, M-F|
Horace Mann Products & Services
Horace Mann offers liability insurance policies, car insurance, financial services, retirement planning, and more. Here are some of the products and services available through Horace Mann:
Property Insurance: You can buy property insurance through Horace Mann, including homeowners insurance, renters insurance, personal property coverage, and more.
Life Insurance: Horace Mann sells traditional term and whole life insurance products. The company also has a flexible life insurance contract that combines term life insurance, interest-sensitive whole life insurance, and an interest-bearing account into one unique product.
Financial Services: Horace Mann offers retirement planning, college savings plans, investment management, and other financial services.
Disability Income Protection Insurance: If you have a total disability due to a covered sickness or accident, then Horace Mann can ensure you have a monthly income.
Annuities: An annuity is a contract between an investor and a life insurance company that allows investors to save money for retirement.
Student Loan Services: Horace Mann wants to help teachers pay off their student loans. The company offers a range of student loan solutions. All public school employees with federal loans can qualify for public service loan forgiveness. Horace Mann can help educators determine if they qualify, then put them on the path towards paying off the debt. To date, Horace Mann has helped educators get more than $350 million in student loan forgiveness.
Horace Mann sells these insurance products under its own brand name and through subsidiaries. Depending on your state, you might do business with Horace Mann or one of its subsidiaries like the Horace Mann Insurance Company, Horace Mann Life Insurance Company, Horace Mann Lloyds (in Texas), Horace Mann Property & Casualty Insurance Company, or Teachers Insurance Company.
How Does Horace Mann Auto Insurance Work?
Horace Mann sells car insurance specific for educators in 4,100 school districts across the country. If your school district has partnered with Horace Mann, then you may be able to access discounted rates on car insurance.
Although Horace Mann offers car insurance specifically to teachers, this car insurance works similarly to car insurance you would buy from any other company. Available coverage includes:
Liability Coverage: Horace Mann offers liability coverage as required in most states. Liability coverage covers bodily injury liability, property damage liability, and other minimum liability limits required by your state.
Uninsured and Underinsured Motor Vehicle Coverage: Required in some states but not others, uninsured and underinsured motor vehicle coverage protects you against drivers with too little insurance – or no insurance whatsoever.
Collision Coverage: Optional in all states, Horace Mann collision coverage covers damage to your own vehicle after an accident.
Comprehensive Coverage: Also optional in all states, comprehensive coverage covers theft of your vehicle, vandalism to your vehicle, collisions with animals, and similar incidents.
Emergency Roadside Assistance: Like most insurers, Horace Mann offers emergency roadside assistance coverage to policyholders as an optional add-on. It can cover fuel deliveries, flat tire changes, mechanical breakdowns, vehicle lock-outs, and similar incidents.
Rental Reimbursement Coverage: If your car is in the shop because of a covered incident, then you could make a claim through Horace Mann’s rental reimbursement coverage and receive compensation for a rental car.
What Makes Horace Mann Unique?
If you’re a teacher, then Horace Mann is one of many insurance options across the United States. It may or may not be the best option for you. Here are some of the things that make Horace Mann unique:
Savings for Educators and Their Families: The first and most obvious advantage of Horace Mann is the fact that the company offers discounted car insurance to educators, teachers, and their families. If you’re a teacher in the United States, then you may be able to access discounted car insurance premiums through Horace Mann.
Educator Advantage: If you’re a teacher, then you get additional Educator Advantage perks through Horace Mann. All teachers qualify for Educator Advantage. You get perks like new car replacement, zero deductible claims, and additional coverage at no extra cost, among other bonuses. Perks and availability vary between states.
Representatives Are Former Educators: Many of Horace Mann’s representatives are former educators and administrators. Instead of talking to a faceless insurance company, you may be talking to someone who understands your unique situation.
Horace Mann Express Service: Horace Mann offers a unique type of roadside assistance coverage called Horace Mann Express Service. It covers towing, minor mechanical adjustments, battery jumpstarts, tire changes, lockout service, and gasoline, oil, and water delivery. It goes above and beyond the basic Horace Mann roadside assistance plan.
Extensive Discounts: Horace Mann offers an extensive range of discounts. You already save money for being an educator, and you could save even more money by taking advantage of one of the company’s many discounts.
Horace Mann Insurance Discounts
Horace Mann offers discounts to teachers and their families. The company also offers all of the other discounts you would expect from a car insurance company. Here are some of the major discounts available through Horace Mann:
Educator Discount: Horace Mann offers an educator discount to teachers and administrators. If you are a teacher or educator, then you could qualify for a discount just by your job status.
Multiline Discount: Educators who have multiple insurance products with Horace Mann may qualify for an additional discount. Like most insurance companies, Horace Mann offers a multiline bundling discount.
Multicar Discount: If you insure multiple vehicles with Horace Mann, then you can receive a multicar discount.
Association Member Discount: Members of qualifying education or school administrator associations may qualify for an additional discount through Horace Mann.
Payroll Discount: You can pay your Horace Mann premiums directly from your paycheck to receive a payroll discount on auto insurance.
New Customer Discount: If you have never been insured by Horace Mann before and decide to make the switch, then you could receive a discount.
HMDrive: HMDrive is Horace Mann’s safe driving mobile app. You activate the app when driving, and Horace Mann tracks your driving behavior. If you’re a safe driver, then you could save on monthly premiums.
Good Student Discounts: If you or a family member is attending school full-time and has a grade average of B or better, then you could qualify for Horace Mann’s good student discount.
Driver Safety Discount: Drivers with a safe driving record can qualify for a discount through Horace Mann.
Car Safety Feature Discount: Cars with premium safety features could qualify for additional discounts.
Horace Mann Insurance Reviews: What Do Customers Have to Say?
Horace Mann has good to average reviews from most ratings organizations, review websites, and customers. Teachers generally have a good experience with the company for claims satisfaction and customer service.
A.M. Best has assigned Horace Mann a financial strength rating of A (Excellent), which is the third-highest of 16 ratings available through A.M. Best, which tracks financial strength based on assets, liabilities, and other metrics. Horace Mann also has an A (Strong) rating from Standard & Poor’s, an A2 (Good) rating from Moody’s, and an A (Strong) rating from Fitch Ratings. Overall, these are good financial strength ratings, and they indicate Horace Mann should have no trouble covering claims in the near future.
Horace Mann has an average rating of 3 stars out of 5 from WalletHub based on 80+ reviews. The company also has a 4.0 rating from Clearsurance.
Horace Mann has an A+ rating from the Better Business Bureau.
Final Word on Horace Mann
Horace Mann is a Springfield, Illinois-based car insurance company that specializes in insuring teachers and their families across the country. The company also offers financial services, retirement planning, student loan solutions, and more.
To learn more about Horace Mann or to request a quote today, visit the company online at HoraceMann.com.