Preferred Mutual Insurance Review & Ratings (2024)

Preferred Mutual Insurance is a regional insurance company that has been providing coverage to customers in the Northeastern United States since 1896. The company offers a range of insurance products, including auto, home, renters, and umbrella insurance, and is known for its commitment to personalized service and financial strength.

Preferred Mutual Insurance is available in several states in the Northeastern region, including New York, New Jersey, New Hampshire, Connecticut, Massachusetts, Rhode Island, and Vermont.

Customers may be eligible for a range of discounts, including safe driver, multi-policy, vehicle safety, anti-theft device, home safety, good student, and pay-in-full discounts.

Overall, Preferred Mutual Insurance is a reliable option for customers in the Northeastern United States who are looking for affordable insurance coverage and personalized service.

What You Should Know About Preferred Mutual Insurance Company

Welcome to our comprehensive guide on Preferred Mutual Insurance and finding the best insurance coverage for your needs. In this article, we will explore the key topics related to Preferred Mutual Insurance. Including the range of insurance solutions they offer, their commitment to protecting what matters most, and the peace of mind their coverage provides.

Whether you’re looking for home, auto, or life insurance, Preferred Mutual Insurance has you covered with customizable options tailored to your specific requirements. We understand the importance of securing your future, and that’s why we encourage you to take action today. Enter your zip code below to compare rates from the best insurance providers and make an informed decision about your coverage.

Preferred Mutual Insurance History and mission

Preferred Mutual Insurance was founded in 1896 in New Berlin, New York, with the aim of providing reliable insurance coverage to individuals, families, and businesses. The company’s mission is to provide peace of mind to its customers by offering them quality insurance coverage at a fair price.

For over a century, Preferred Mutual Insurance has been committed to providing excellent service to its customers. The company is dedicated to ensuring that its customers have the protection they need in the event of an unexpected event, such as a car accident or home damage.

One of the ways that Preferred Mutual Insurance achieves its mission is by providing customized insurance coverage to its customers. The company recognizes that each customer has unique insurance needs, and they work with their customers to tailor their policies to meet those needs.

Preferred Mutual Insurance is also committed to community involvement and charitable giving. The company believes that it has a responsibility to give back to the communities in which it operates, and they support a wide range of charitable organizations and initiatives.

Preferred Mutual Insurance Company Insurance Coverage Options

Preferred Mutual Insurance offers a range of insurance products and services to its customers. Here is an overview of the company’s main offerings:

• Auto insurance: Preferred Mutual Insurance offers car insurance coverage for a range of vehicles, including cars, trucks, SUVs, and motorcycles. Customers can choose from a range of coverage options, including liability, collision, comprehensive, and uninsured motorist coverage.
• Home insurance: Preferred Mutual Insurance offers coverage for homeowners, including protection for their homes, personal property, and liability. Customers can choose from a range of coverage options, including standard coverage, extended replacement cost, and optional coverage for things like water damage, identity theft, and more.
• Renters insurance: Renters insurance from Preferred Mutual Insurance provides coverage for renters who may not own the property they live in but still need protection for their personal property and liability. This coverage can help renters replace stolen or damaged belongings, and cover temporary living expenses if they need to relocate.
• Umbrella insurance: Umbrella insurance provides additional liability coverage beyond the limits of a customer’s auto or home insurance policies. This coverage can help protect customers in the event of a catastrophic loss or lawsuit.
• Business insurance: Preferred Mutual Insurance offers a range of business insurance products to protect small and medium-sized businesses, including general liability, commercial property, and commercial auto coverage. The company also offers coverage for specific industries, such as construction, hospitality, and healthcare.
• Farm insurance: Preferred Mutual Insurance provides coverage for farmers, including protection for their farm property, equipment, and livestock. The company also offers coverage for farm liability and crop insurance.

Read more: Best Business Insurance for Livestock Farms

Preferred Mutual Insurance, the trusted partner in comprehensive coverage. With an extensive range of options, including auto, home, renters, umbrella, business, and farm insurance, assurance for a secure future awaits. Connect today to safeguard what’s important.

Areas Where Preferred Mutual Insurance Is Available

Preferred Mutual Insurance is available in several states across the United States. The company provides insurance coverage in the following states:

• New York
• New Jersey
• New Hampshire
• Connecticut
• Massachusetts
• Rhode Island
• Vermont

Read more: Connecticut State Employees Car Insurance Discount 

While the company primarily operates in the Northeast region of the United States, it may expand its services to other regions in the future. Customers who are interested in finding out if Preferred Mutual Insurance provides coverage in their state can follow these eight steps:

1. Visit the Preferred Mutual Insurance website.
2. Click on the “Get a Quote” button on the homepage.
3. Enter the requested information, such as name, address, and contact information.
4. Select “Auto Insurance” as the type of insurance you are interested in.
5. Enter information about the vehicle you want to insure, such as the make, model, and year.
6. Answer any additional questions about your driving history and insurance needs.
7. Once you have entered all the required information, click “Submit.”

The website will provide you with a quote for auto insurance coverage from Preferred Mutual Insurance if coverage is available in your state.

Preferred Mutual Insurance Company Insurance Rates Breakdown

Preferred Mutual Insurance stands out as a reliable insurance provider, offering various coverage options tailored to individual needs. Understanding the rates and criteria affecting them is crucial when considering insurance options.

• Age: Generally, younger drivers tend to face higher insurance rates due to perceived higher risk.
• Gender: While some states don’t consider gender in rate calculation, in others, it might impact premiums.
• Driving Record: A clean driving history often results in lower premiums, while accidents or violations can increase rates.
• Location: Areas with higher crime rates or greater traffic density might lead to higher premiums.
• Credit Score: In some states, credit history can impact insurance rates, with better scores usually resulting in lower premiums.
• Type of Coverage: The specific coverage options chosen significantly influence the insurance cost.

Preferred Mutual Insurance Company Discounts Available

Preferred Mutual Insurance offers a range of discounts to help customers save on their insurance premiums. Here is an overview of some of the discounts that are available:

• Safe driver discount: Customers who maintain a clean driving record and avoid accidents may be eligible for a safe driver discount.
• Multi-policy discount: Customers who bundle their auto, home, or renters insurance policies with Preferred Mutual Insurance may be eligible for a multi-policy discount.
• Vehicle safety discount: Customers whose vehicles are equipped with certain safety features, such as anti-lock brakes or airbags, may be eligible for a vehicle safety discount.
• Anti-theft device discount: Customers whose vehicles are equipped with an anti-theft device, such as an alarm or a tracking system, may be eligible for an anti-theft device discount.
• Home safety discount: Homeowners who have certain safety features installed in their homes, such as smoke detectors or security systems, may be eligible for a home safety discount.
• Good student discount: Full-time students who maintain a certain grade point average may be eligible for a good student discount.
• Pay-in-full discount: Customers who pay their insurance premium in full rather than in installments may be eligible for a pay-in-full discount.

How Preferred Mutual Insurance Company Ranks Among Providers

In the competitive landscape of insurance providers, Preferred Mutual Insurance distinguishes itself as a reliable entity offering tailored coverage options. Understanding its key competitors is essential in gauging the diverse options available within the insurance market.

• State Farm: Known for its extensive range of insurance products and nationwide presence, State Farm competes strongly in the home and auto insurance sectors.
• Allstate: Another formidable competitor, Allstate, focuses on personalized coverage and has a broad array of insurance offerings.
• Nationwide: Recognized for its diverse policies, Nationwide emphasizes flexibility and comprehensive coverage options.
• Progressive: Known for innovation and user-friendly services, Progressive stands out for its competitive rates and extensive online tools.
• Farmers Insurance: Farmers emphasizes personalized service and offers a wide range of insurance products catering to diverse customer needs.

Navigating the insurance market involves considering various competitive options. Preferred Mutual Insurance competes among several reputable entities, each presenting unique strengths and specialized services. Understanding the landscape enables customers to make informed choices aligned with their specific insurance requirements.

Customer Reviews of Preferred Mutual Insurance

Customer reviews of Preferred Mutual Insurance are generally positive. Customers appreciate the company’s personalized service, competitive pricing, and strong financial stability. Here is an overview of some of the strengths and weaknesses that customers have reported in their reviews:

Strengths:

• Personalized service: Many customers appreciate the individualized attention they receive from Preferred Mutual Insurance. They report that representatives are knowledgeable, helpful, and responsive to their needs.
• Competitive pricing: Customers also appreciate the affordability of Preferred Mutual Insurance’s products. They report that the company’s prices are competitive with other insurance providers in the region.
• Financial stability: Preferred Mutual Insurance is rated A- (Excellent) by A.M. Best, which indicates that the company has a strong financial standing. Customers appreciate this stability and feel confident in their choice of insurance provider.

Weaknesses:

• Limited availability: Some customers have reported that Preferred Mutual Insurance is not available in their state, which can be a drawback for customers who are looking for coverage outside of the Northeastern United States.
• Limited discounts: While Preferred Mutual Insurance does offer discounts to customers, some customers have reported that the company’s discount offerings are limited compared to other insurance providers.