State Auto Insurance
The early 1900s was the era when car insurance companies were
booming. Many of these car insurance companies who have succeeded are still in existence today. One of these
companies belongs to State Auto Insurance. They were founded in 1921 by Robert Pein who was then determined
to create a new definition of insurance procedures. With this goal in mind, Pein created State Automobile
Mutual Insurance on a rented room downtown in Columbus, Ohio. Together with his three employees, he slowly
but surely expanded his company, determined in offering quality insurance service to their customers.
State Auto employs more than 2,000 associates and still maintains more than 3,000 independent agencies across 33
states. They are listed on NASDAQ on stock ticker STFC with an asset estimated to be at least $3.25 billion dollars
with reports to have direct written premiums of $1.5 billion dollars each year. From the humble beginnings, this
company rose to an empire and is still expanding all over the nation.
insurance company also offers rates based on a given independent agency’s directives on a specific region or state.
They offer cheap car insurance quotes based on the features and infrastructures relevant in auto insurance quote
pricing. This means that their customers have the option of sitting down with an agent and discuss the kind of
policy that will fit their needs. Another good thing about this company is that claim settlement is done through
independent agencies. This means that customers are able to settle their claims where their company’s agencies are
There are a
few disadvantages to this car insurance company. Since they have different independent agencies, some independent
agencies may not be performing as well as the others. As a result, inefficient services are sometimes given to
their customers. However, State Auto has strict guidelines when it comes to quality service and they make sure that
this is given to their customers.