Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Sep 14, 2020

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Key takeaways...

  • Addison Insurance Group offers commercial car insurance, casualty lines, specialty property and personal insurance
  • The company is owned by United Fire Group and is known for rewarding good drivers with low rates
  • Addison Insurance is based in Cedar Rapids, Iowa

Addison Insurance Group is a commercial car insurance, casualty lines, specialty property and personal insurance company that is based in Iowa.

It is owned by United Fire Group and is known for rewarding good drivers will lower premiums. Clients of the company who have no traffic violations or accident records pay low rates.

Read through this Addison car insurance company review online and then enter your zip code above to compare quotes from top car insurance companies!

Table of Contents

Background of the Addison Car Insurance Company

Addison Insurance Group is a private company that is headquartered in Cedar Rapids, IA.

It was established in 1990 and is categorized under Fire, Marine and Casualty Insurance and Carriers.

The company has a staff of about 650 and annual revenue of approximately $23,656,704. Before 1997, the company was known as Addison Farmers Insurance Group.

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Addison Insurance Coverage Options

Addison has regional offices are in Galveston, TX and Westminster, CO. The company offers a wide variety of covers to its clients.

The major ones include:

  • Health Insurance Services
  • Marine Hull Insurance
  • Personal Watercraft Insurance
  • Classic Boat Insurance
  • Boat Insurance
  • Car insurance

Some of the offers under car insurance include general liability insurance, glass, forgery, physical damage, burglary and theft, casualty and fire.

The policies are available in 43 states.

Non-franchised car dealers are also provided with plans that suit their business models and particular needs.

The Addison Loss Control division helps those insured to reduce paperwork and on-site claims associated with filing claims, as well as achieve a safe work environment.

Addison Car Insurance Options

There are five main car insurance options offered by the company.

– Garage-Pro

This option is meant to protect your property and keep your business growing.

The program is available to garages and used car dealers in Wisconsin, South Dakota, North Dakota, Minnesota, Nebraska, Missouri, Mississippi, Louisiana, Kansas, Florida, Arkansas, and Iowa.

The option covers:

  • Glass
  • Off-premises service interruption
  • Pollution cleanup and removal
  • Property away from premises
  • Business income and extra expenses

– Non-Franchised Auto

The cover is meant for non-franchises (used car dealers) and is tailored to meet the clients’ needs.

This program is available to small and medium-sized businesses in Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, and Wisconsin.

The program offers basic coverage on:

  • Individually named insured dealers
  • Dealers’’ driveway collision
  • Garage coverage

There are also optional covers that include:

  • Employee benefit liability endorsement
  • Broadened coverage for named individuals
  • Federal odometer E&O coverage
  • Drive-other-car coverage

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– Premier Pro

This option is primarily designed for car business owners and combines crime protection, liability and proper coverage that is tailored to each client.

Some of the options include protection on:

  • Forgery and alteration
  • Money and securities
  • Bodily injury and property damage
  • Fire damage
  • Personal and advertising injury

Optional coverage is also available.

– Equipment Breakdown

The Equipment Breakdown option is meant to protect the client from direct losses that occur due to phone systems fails, interruption of electricity, motors burning, computers going down among other breakdowns in the garage or car body shop.

The option also covers indirect losses that can occur due to equipment breakdowns, such as utility service interruption, business income, and extra expense when covered by your property policy.

– Trade Pro

The Trade Pro option is meant for garages and other trades that receive up to $3 million in revenues.

The option provides cover on the following:

  • Ordinance or law
  • Lock replacement
  • Computer/EDP/software
  • Fire extinguisher recharge
  • Pollutant clean-up on premises
  • Fire department service charge

Financial Performance of Addison Car insurance Group

Addison Insurance has a strong financial base and has paid dividends to its shareholders since 1968.

In 2009, the company’s assets grew from $2.7 billion to $2.9 billion and its net earnings were $5.14 million.

Hoovers grades the company as a medium risk one but AM Best has consistently given it an A-rating ranking.

Be sure that you compare your Addison car insurance quotes online with quotes from other top car insurance companies – enter your zip code below to get started for FREE!

References:

  1. https://www.healthplans.com/?_xai=243682593345&_ap=1t2&_ci=11129156&_d=c;CQ0-3n1teJDpzIT3DJe2ZyYcCP-dnXdHnt9Yvocs2iZitofQ4vB7yuD6JXwXmddt2Yo-c8TJrCQGF2Pmd4oo5vadTnKZyIgsY53b6Q1xhcvvgooCMeM&gclid=Cj0KCQjw5-TXBRCHARIsANLixNzKI2AxSwfqJUO2u54cdp5Cz9DQ9HKly0OY3MiXUlgXRn9_FLKRHIgaApCEEALw_wcB
  2. https://landing.allstate.com/boat/desktop?CMP=KNC-GG-BO-029345-150301%3apwc+insurance&CAMPAIGN=444490000029345&ad=&TFN=18669025800&zipcode=&Affcode=p5876836589&gclid=Cj0KCQjw5-TXBRCHARIsANLixNwUBXvH57Pj-v5qxL-QqgO4t-QsjvAhG_sjsJvB_QUGJRt7mAXV7uUaAov7EALw_wcB&gclsrc=aw.ds&adgroup=
  3. http://www.rmiia.org/auto/steering_through_your_auto_policy/Filing_an_Auto_Claim.asp
  4. http://www.stateofflorida.com/drivers-handbook.aspx