Founders Insurance Company stands out for its accessibility when it comes to high-risk drivers and non-standard auto insurance. But its availability only extends to a handful of states. The company originally began in 1901 and went through several iterations until it started offering automobile insurance in 1990.
The Illinois-based company offers many basic coverage options and several discounts, and it provides SR-22 filings for drivers who need them. If you have trouble getting car insurance and live in one of the eligible states, Founders may be a good fit for you.
Founders car insurance coverage options
The Founders car insurance website doesn’t provide many details about its coverage options. But based on the information available, you may get:1
You may also be able to add roadside assistance. Founders car insurance is ideal for drivers who need an SR-22, have prior losses, never had insurance, or have poor or no credit. If you don’t qualify for a standard auto insurance policy, Founders is a good non-standard option to look into. If you don’t fall into this category or are looking for a wide variety of coverages, another insurance company may be a better fit.
How to get a quote from Founders Insurance
If you want to get a quote from Founders Insurance, you’ll have to work with independent insurance agents and take the following steps:
Go to the Founders Personal Automobile Insurance page.
Click “Find An Agency Near You.”
Find an agent by providing your city, state, and ZIP code.
Select “search.”
Review the results; some areas may have no agents.
Select an agent.
Get in touch via email or phone.
Founders car insurance discounts
To help you lower the cost of auto insurance, look for discounts from multiple insurers.3 Doing a little research may save a lot of money. The Founders Insurance website doesn’t offer exact percentages of how much you can save. But the company offers the following discounts:
Multi-car discount: If you get auto insurance policies for multiple cars in your household, you may be eligible for this discount.
Transfer discount: If you make the switch from your current auto insurer to Founders car insurance, you may qualify for a transfer discount.
Renewal discount: When you renew your policy with Founders Insurance, you may be eligible for a renewal discount for sticking around.
Non-owner discount: If you get a non-owner policy through Founders due to an SR-22, an out-of-state or expired license, or another eligible reason, you may score a discount.
How customers feel about Founders Insurance
Founders insurance reviews tend to be more negative than positive. The company has a higher-than-average number of complaints on the National Association of Insurance Commissioners (NAIC) Complaint Index. On Trustpilot, Founders has 3.2 out of 5 stars, but there’s also only one written review.
The Founders insurance reviews on the Better Business Bureau (BBB) are worse, with a customer rating of 1.15 out of 5 stars, though the company has an A+ rating on the site.
Founders Insurance ratings
In addition to reviews, looking at ratings is another way to evaluate a company. Here, you can see different rating agencies, Founders’ scores, and what they mean. For example, Founders Insurance has an A rating with AM Best, which refers to the company’s financial strength and ability to pay out claims.
On the other hand, Founders isn’t evaluated by J.D. Power for customer satisfaction and has an above-average number of complaints with the NAIC.
Other options for Founders customers
In addition to auto insurance coverage, Founders also offers the following insurance products:
Renters insurance: You can protect your personal belongings and get medical and liability coverage through Founders.
Homeowners insurance: Founders offers homeowners insurance with various dwelling limits based on the type of home. Optional endorsements are also available, such as water backup, identity fraud coverage, and more.
Commercial auto insurance: Aside from personal auto coverage, Founders also offers commercial auto insurance for businesses.
How to file a claim with Founders
If you have an incident such as a car accident or backing up into a pole, your car insurance policy can help. But to get started, you’ll first need to file a claim. Here’s how you can file a claim with Founders car insurance:
Collect information. To file a claim with Founders, gather the relevant information about the incident. This includes the location of the incident, the time, the date, and any photo evidence. The more information you have, the easier your claims process will be.
Report a claim on the company website. The Founders Insurance website has a section where you can report a claim and provide your personal information. You’ll need to provide your full name, email, phone number, date of loss, time of loss, and policy number to get started.
Finalize claim. Your insurance company will assess the damage and help reimburse what your policy covers, after taking out your deductible.
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