Category Archives for Company Reviews

Wolverine Mutual Insurance Company

Wolverine Mutual Insurance Company

Founded 1917 Wolverine Mutual insurance company has told its customer “it’s covered” when they need assistance the most. 

In the newest 2018 survey, Wolverine ranked top 3 in claims handling in personal lines. In 2016 they took first place.

Currently, Wolverine has over 45,000 policy holders in Michigan, Indiana and Wisconsin.

Challenges Wolverine Mutual is facing:

President James Laing says, “The biggest challenge for Wolverine in our market today is competing on the agent’s desktop for business through ease-of-use in technology”.

How they are overcoming that battle is; Wolverine has recently upgraded their auto quoting platform to put them back in front of local agents. They now work with multi-quoting software such as, PL Rater software through their new BindExpress (BX) portal.

New Supported Applications: 
ACS, Applied Rater, Capital Evolution, EZLynx, and PL Rating.

What they do: 
Claims: The goal of Wolverine Mutual’ s claims service is to strive to respond to your claim within 24 hours of receiving it. They focus on the “no surprises” philosophy so, they work closely with your agent to get your claimed handled as quickly as possible.

Why is Wolverine Mutual insurance company so successful?

  • Wolverine is successful due to many factors although, the main reason is their conservative investment strategy. They are very particular where they invest their profits.
  • They strongly believe being generous in paying for claims and claims service.
  • The welcoming atmosphere. Employees don’t leave the company. Some of their employees today have been with them more than 50 years.
  • Being with who they work with. Wolverine focuses on smaller agencies and doesn’t appoint new agents for the sake of only profits. They make sure the agency values align with the their own.
  • Claims: the goal is to talk to the claimant the day of the claim if not within 24 hours.

How to get Wolverine Mutual Insurance:

Wolverine Mutual insurance company uses local agents to quote and sell all their policies. That is a huge benefit to customer because in most cases that agent is an independent agent who also works with multiple companies to compare with.

Your local agent will focus on making sure they get all the coverage you need applied while they focus on matching you up with any discount you will qualify for.

Payment Plans:

Wolverine Mutual does offer several payments plans:

Full-Pay Plan:

Pay in full for auto 6 months

Pay in full for home: 1 year

Monthly EFT:

Monthly payment auto-deducted from checking or savings account

Bi-Monthly Check by Mail:

Mail payment every other month

Quarterly Check by Mail:

Mail payment ever three months

Bi-Monthly Credit Card – EFT:

A recurring charge on your debit/Credit Card

Quarterly Credit Card – EFT:

A recurring charge every three months on your debit/cred card

Fees:

Like all insurance companies there are fees associated with each payment plan. Below are the fees

Online Payment: No service fee

Full Pay Plan: No service fee

Installment Service Fee: $8 for all non-EFT installment plans

Convenience Fee: $6 for credit/debit card payment processed over the phone

Late Fee: $20: this fee is not applied until your bill is past due two full days

Reinstatement Fee: $20 if your policy cancels and your reinstatement is accepted

Non-Sufficient Funds Fee: $30 (does include credit/debit card declines)

Financial Stability from Demotech, Inc.

With over $55 Million in assets Wolverine’s stability is strong.

Reasons to join Wolverine Mutual Insurance:

To summarize this article there are several reasons you should want to be part of Wolverine Mutual. Mainly their code of conduct and ethics of not just growing fast to grow. They want to be known for being a family run business where they are there for the customer in the time of need. That is what sets other companies apart in a highly competitive industry.

I’ve always said that when the products are similar and your customer buys from you, the only way to build loyalty is in their time of need, aka the claims process. With Wolverine’s motto of “it’s covered” you won’t have to worry about that.

Now one part I did not mention is price. Since wolverine is based mostly on insurance score (A more complex version of a credit score) they do heavily rate depending on your score.

On motorcycle insurance they can be one of the most competitive companies out there. Most companies base the cost of a motorcycle policy based on the engine size in CCs and the value of the bike where Wolverine bases it mostly on the CC only. What does that mean? For anyone that has a high value bike such as, a Harley Davidson then wolverine motorcycle insurance is going to be hundreds less per year. On top of it all they typically allow you to have the bike in storage for those winter months for only $10 per month.

Need a Quote?

Check other companies like Wolverine Mutual from a local agent

Root Insurance – Full Review

Root Insurance Full Review 2019-2020

I first heard about root insurance because I was doing some research on what is popular in the insurance industry. I looked at this random place called “Root Insurance” and with a dumb look was scratching my head on how this random company is getting the “breakout” rating on Google trends.

Overall, I came to find that Root insurance although a new company to the insurance industry has many good overall reviews ranging from prices to claims. If you qualify for their offer you may be eligible to save up to their claimed 52% off however, you do have to prove yourself a good driver first. Let’s discuss.

Hi, my name is Mark and I have been selling insurance in multiple states for over 9 years now. I’ve over the past few years decided to give my advice and experience for free on YouTube which has brought us to this blog. Ultimately, I want to make you smarter about your insurance so you can save more money as well as, have the right coverage for your family. Back to Root! 

Let’s start by summarizing what root insurance is and how they are getting your attention. They are focusing on insuring only the good drivers as they say. By doing so they have created their own app that tracks your driving habits through your navigation for a short period of time (typically 3 weeks). It mainly focuses on habits not occurrences. How often you drive outside of your standard commute. How consistent you are with speed and trips is very important to their algorithm.

In this review of root insurance, I noticed that a lot of people are getting caught up with their marketing. It’s amazing but it doesn’t have any bearing on the company itself. Go to YouTube and you will see lots of people saying join now! Keep in mind that most of those people are part of their affiliate program where they make money for you signing up. On other hand that doesn’t mean Root insurance is a bad company either. They do have some of the best technology out there.

How does Root insurance work?

Since root is a tech, usage-based insurance (UBI) company 35% of their rates are based on how well of a driver you are compared to the average insurance’s 3%-10% discount. What it is going to do is start you on their test drive which uses your navigation from your cell phone to track your driving habits over the next 1-4 weeks. The four categories that make up their ratings are:

Braking
Give yourself plenty of braking distance to safely break when needed

Hours
Driving during safer hours is a must. Avoiding late night trips especially on the weekend

Turns
Avoid sharp hard turns. Give yourself enough room to take each turn safely

Consistency
Keep the braking and turning good but don’t forget to avoid fast acceleration or sudden stops

How to use Root:

You simply start by download their app and accept their terms. Once you’ve got it loaded you are ready to start. Be on your best behavior and you can save a handful of money in premiums. Just keep in mind that if you are going to use your phone while driving that will deter them from accepting you into their program. It’s that simple. Once you’ve completed the 2-3 week test and you’ve shown that you are a better driver than average you will receive a rate from them to accept.

What if I am not qualified for root insurance?

This is one of the frustrations that some people have and there is no good answer. If you are denied from Root insurance, you are out! Be careful not to use your phone if at all possible, even as a passenger in another car. Root claims that they can determine this, but others have complained that it did not work, and it dinged them for it.

Interested in trying them out? Join Root Insurance