Why is Auto-Owners so cheap? This question is about Auto-Owners Insurance

Why is Auto-Owners so cheap?

This question is about Auto-Owners Insurance

McKayla Girardin, Car Insurance Writer

@mckayla_girardin • 06/13/23 This answer was first published on 06/13/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Auto-Owners is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from Auto-Owners costs an average of $92 per month, and Auto-Owners premiums can be made even cheaper by taking advantage of discounts such as paid-in-full discount and paperless discount. Plus, Auto-Owners rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.

Average Rates for Auto-Owners vs. Top Competitors

Company	Minimum Coverage	Full Coverage
Auto-Owners	$92 per month	$239 per month
State Farm	$86 per month	$293 per month
Progressive	$86 per month	$337 per month

Note: Premiums are representative of a 45-year-old good driver in CA; individual premiums will vary.

Auto-Owners is especially cheap for safe drivers in particular. That's because Auto-Owners has special savings opportunities for drivers in this category, such as discounts for having a history of not filing many claims.

Your final premium is based on a variety of factors, though, such as your driving record, insurance history, and more. Every insurance company determines their rates differently, so even though Auto-Owners is among the cheapest car insurance companies, the only way to confirm you've found the lowest price is to compare quotes from multiple companies.

To learn more, check out WalletHub's review of Auto-Owners and see Auto-Owners' full profile

How can I get cheaper car insurance?

The best way to get cheaper car insurance is to compare quotes from multiple companies and then switch to whichever insurer offers the coverage you want at the cheapest rate. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record, and raising your credit score.

10 Ways to Get Cheaper Car Insurance

1. Compare quotes every 6-12 months.

Every car insurance company calculates premiums slightly differently,...

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Why did my Auto-Owners rate go up?

Your Auto-Owners rate could have gone up for many reasons, such as a recent claim or a new driver being added to the policy. Other factors that could cause Auto-Owners to raise your rate include getting into an accident, being convicted of a moving violation, and adding coverage to your policy. Auto-Owners may also raise your premiums for reasons that are beyond your control, such as recent natural disasters, increasing repair and healthcare costs, and...

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Does Auto-Owners use telematics?

Yes, Auto-Owners uses telematics through TrueRide, a program that tracks a customer’s driving habits using the mobile app. Customers can sign-up for TrueRide and receive a discount if they consistently practice safe driving.

What Auto-Owners Telematics Tracks

Miles driven
The time of day that you drive
Speed
Braking
Acceleration
Distracted driving

In order to use TrueRide, drivers need to enroll in the program and install...

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