Principal Financial Insurance Review & Ratings (2024)
Read our Principal Financial Insurance review, highlighting the company's A+ ratings with A.M. Best and S&P Global for customer satisfaction regarding the company's diverse selection of offerings and services and savings offered for safe driving. You can find Principal Financial Insurance for as low as $55 per month.
Jimmy McMillan
Licensed Life Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Life Insurance Agent
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Principal Financial Insurance
Average monthly rate for good drivers:
N/AA.M. Best rating:
A+Complaint level:
LowPros
- Customers praise the ease of the claims process with Principal Financial Insurance.
- Many customers report that the company’s rates are competitive and affordable.
- The company’s customer service is highly rated, with many customers saying that representatives are helpful and responsive.
- Customers appreciate the variety of discounts that Principal Financial Insurance offers.
Cons
- Some customers report difficulty reaching customer service representatives, with long wait times on the phone.
- A few customers have reported issues with billing and payments, including unexpected charges.
- Some customers have experienced delays in the claims process, although this seems to be less common than positive experiences.
Final Verdict: Review of Principal Financial Insurance
Principal Financial Insurance is a well-established insurance company that has been in business for over 140 years. The company’s mission is to help individuals and businesses achieve financial security and success.
They offer a range of insurance products, including car insurance, which is available in over 30 states. Customers can choose from a variety of coverage options and take advantage of discounts to save money on their premiums.
The company’s car insurance rates are generally affordable and competitive, and the claims process is praised by many customers for being easy and straightforward.
While some customers have reported issues with billing and payments, and some have experienced delays in the claims process, the majority of reviews are positive and suggest that Principal Financial Insurance is a good choice for car insurance coverage.
What You Should Know About Principal Financial Insurance
In this article, we will delve into the key topics related to Principal Financial Insurance, including their history, mission, coverage options, costs, discounts, and customer reviews.
Interesting attributes of Principal Financial Insurance:
- Offers a variety of products and services.
- Strong financial ratings.
- Discounts available for safe driving.
With so many car insurance companies to choose from, it can be challenging to find one that fits your needs and budget. To ensure you get the best rates from top insurance providers in your area, simply enter your zip code and compare quotes now.
Principal Financial Insurance Coverage Options
Principal Financial Insurance offers a variety of coverage options for car insurance customers. Some of the coverage options available include:
- Liability coverage: This is a requirement in most states and provides coverage if you’re at fault in an accident and cause damage to another person’s property or bodily injury to another person.
- Collision coverage: This coverage helps pay for repairs or replacement if your car is damaged in an accident.
- Comprehensive coverage: This coverage helps pay for repairs or replacement if your car is damaged by something other than an accident, such as theft, vandalism, or natural disasters.
- Personal injury protection (PIP) coverage: This coverage helps pay for medical expenses and lost wages if you or your passengers are injured in an accident.
- Uninsured/Underinsured motorist coverage: This coverage helps protect you if you’re in an accident with a driver who doesn’t have insurance or doesn’t have enough insurance to cover the damages.
- Roadside assistance: This coverage provides help if your car breaks down or you have a flat tire while on the road.
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Principal Financial Insurance Rates Breakdown
The cost of car insurance from Principal Financial Insurance can vary depending on a variety of factors. These factors may include:
- Age: Younger drivers may pay more for car insurance due to their lack of driving experience.
- Driving record: If you have a clean driving record with no accidents or tickets, you may be eligible for lower rates.
- Vehicle type: The cost of insurance may vary depending on the type of vehicle you drive. Luxury or high-performance cars may be more expensive to insure.
- Location: Insurance rates can vary depending on where you live. If you live in an area with high rates of accidents or thefts, you may pay more for insurance.
- Coverage amount: The amount of coverage you choose can also impact the cost of your insurance.
Principal Financial Insurance Discounts Available
Principal Financial Insurance offers a variety of discounts to help customers save money on their car insurance. Here are some of the discounts that may be available:
- Good driver discount: This discount is available to customers who have a clean driving record with no accidents or violations.
- Multi-policy discount: If you have more than one policy with Principal Financial Insurance, such as home or life insurance, you may be eligible for a discount on your car insurance.
- Safety features discount: If your car has safety features such as anti-lock brakes or airbags, you may be eligible for a discount.
- Student discount: If you’re a student with good grades, you may be eligible for a discount on your car insurance.
- Pay in full discount: If you pay your premium in full rather than in monthly installments, you may be eligible for a discount.
- Paperless discount: If you opt to receive your policy documents and billing statements electronically rather than through the mail, you may be eligible for a discount.
- Renewal discount: If you renew your policy with Principal Financial Insurance, you may be eligible for a discount.
Frequently Asked Questions
What is Principal Financial Insurance?
Principal Financial Insurance is not a term commonly used in the insurance industry. However, there is a financial company called Principal Financial Group that offers a variety of financial services, including life insurance, disability insurance, and retirement plans.
What types of insurance products does Principal Financial Insurance offer?
Principal Financial Insurance offers a range of insurance products, including car insurance, disability insurance, and retirement planning.
What is Principal Financial Insurance’s mission?
The company’s mission is to help individuals and businesses achieve financial security and peace of mind by providing a variety of insurance products and financial services.
What coverage options are available from Principal Financial Insurance for car insurance customers?
Principal Financial Insurance offers a variety of coverage options for car insurance customers, including liability coverage, collision coverage, comprehensive coverage, and more.
How much does car insurance from Principal Financial Insurance cost?
The cost of car insurance from Principal Financial Insurance can vary depending on factors such as the type of coverage you choose, your driving record, and the state you live in.
What discounts are available to customers from Principal Financial Insurance?
Principal Financial Insurance offers a variety of discounts to help customers save money on their car insurance premiums, such as safe driving discounts, multi-car discounts, and more.
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Jimmy McMillan
Licensed Life Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Life Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.