Founded in 2010, Commonwealth Casualty Company, also known as Commonwealth Insurance, offers auto insurance coverage in only three states. The super-regional company has a major focus on community by partnering with organizations like Habitat for Humanity and the Special Olympics, with many of its employees volunteering.
Though Commonwealth may have a good mission, its auto insurance tends to cost more, with limited discounts available. It’s important to compare multiple companies, discounts, and rates before deciding on an insurance policy.
Keep reading to learn more about the company and what to consider before getting coverage from a Commonwealth agent.
Compared to other insurance companies, Commonwealth tends to have higher rates and fewer discounts. Commonwealth is currently only available in Arizona, Ohio, and Texas.
The company doesn’t have a financial strength rating from AM Best yet, making it tough to compare its financial strength and stability to competitors. From a customer service standpoint, Commonwealth Insurance is on par with its primary competitors.
The table below compares Commonwealth with other regional insurers like AssuranceAmerica, 21st Century, Anchor, and Infinity.
Commonwealth is more expensive than its competitors. If you’re interested in Commonwealth but want a cheaper policy, consider a liability-only policy that averages $118 monthly.
Check out the table below to see how Commonwealth stacks up to its competitors.
Drivers with clean records typically secure the cheapest rates. Drivers with an incident on their record, such as a speeding ticket, an at-fault accident, or a DUI, experience higher rates. Insurance companies consider high-risk drivers to be more likely to file a claim, so they charge higher rates to make up for the possible financial loss.
Similarly, teen drivers pay high rates because they’re more likely to engage in risky driving behaviors and have less experience. Senior drivers pay the lowest rates because they have the most experience.
Check out the table below to see how Commonwealth’s monthly liability-only rates fluctuate depending on your driver profile, and how its averages compare to national averages.
The cost of Commonwealth car insurance varies by state and ZIP code. Each state has its own minimum liability coverage requirements, so car insurance premiums fluctuate based on local laws.1 Your driving history and risk profile also affect rates, so if you’ve had a car accident, you’ll pay more than if you had a clean driving record.
Here are the states where Commonwealth Insurance operates, and its average monthly liability-only rates compared to state averages.
To find affordable insurance, research discounts from different insurers to find the best option. Commonwealth Insurance has very limited car insurance discounts. In fact, the company website lists only a multi-policy discount. Customers who bundle auto insurance with home or renters insurance can save with this discount, although the amount isn’t listed.
Commonwealth Insurance reviews are tough to find. Third-party providers, like Trustpilot and J.D. Power, don’t currently have Commonwealth ratings. But the sites that do have reviews aren’t very positive.
Commonwealth has an A+ rating from the Better Business Bureau (BBB). While that’s positive, the flip side is Commonwealth has 2.61 out of 5 stars on BBB based on 51 customer reviews.2
Commonwealth Insurance reviews on Yelp give the company a rating of 1.9 out of 5 stars based on 104 reviews. The company also has a higher-than-average number of complaints on the National Association of Insurance Commissioners (NAIC) Complaint Index.3
You may not find Commonwealth Insurance reviews on a major site, likely due to the company’s limited availability in three states. But we’ve rounded up real, verified users providing honest feedback about the company.
Commonwealth Insurance doesn’t have many reviews and ratings. AM Best provides financial strength ratings, while J.D. Power typically looks at customer satisfaction and user experience so you can compare how the company stacks up to its competitors.
Unfortunately, Commonwealth isn’t rated by either company. But the NAIC Complaint Index shows a higher-than-expected number of people making a formal complaint.
Commonwealth Insurance offers state-minimum liability insurance in addition to comprehensive and collision coverage. The insurance company has similar policies to its competitors. But some more unique options include a vanishing deductible and rental reimbursement coverage.
Here’s an overview of Commonwealth car insurance coverage options:
If you’re interested in these coverage options, you can chat with an agent or fill out the “Contact Us” form on Commonwealth’s website and provide your personal information and contact information, such as your email address and phone number.
Commonwealth offers a couple other insurance products aside from auto insurance coverage:
Home insurance: You can insure your property and personal belongings, get water backup protection, and buy service line coverage. Commonwealth’s homeowners insurance offers more discounts than auto insurance, including a new purchase discount.
Renters insurance: You can get liability coverage for your apartment, personal property coverage, loss of use, and more with renters insurance.
If you combine either of these options with Commonwealth’s auto insurance, you can qualify for a multi-policy discount.
Finding the right insurance can be confusing. If you’re considering Commonwealth insurance, this additional information may help.
Yes. Commonwealth Insurance is a legitimate insurance company that offers auto, home, and renters policies. The company has an A+ rating with the Better Business Bureau and operates in three states: Arizona, Ohio, and Texas.
The average cost of Commonwealth car insurance is $92 per month for liability insurance and $224 for full coverage. Premiums vary by driver, location, and risk profile, as well as by state due to minimum liability coverage requirements.
Commonwealth doesn’t have an AM Best rating for financial strength or a J.D. Power rating, so it’s hard to determine the company’s financial strength and customer claims satisfaction. Some customers on the BBB website complain about the claims process being slow and a lack of responsiveness.
To cancel your Commonwealth insurance policy, you’ll need to call customer service at 1 (877) 603-1310. When you reach a representative, ask about the process and what you need to do to cancel your policy.
Commonwealth Insurance provides auto, renters, and home insurance policies with many different additional coverage options. For example, you can get standard liability or full-coverage car insurance plus uninsured motorist coverage and rental reimbursement coverage.
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7+ years experience in data analysis
Ph.D. in Computational Biology
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