Hartford Fire Insurance Company Car Insurance Review

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Hartford Fire Insurance Company Overview

company

If you’re looking to get insurance from a large company, you might want to consider getting insurance from Hartford fire insurance company. The company was founded way back in 1810 and has its headquarters in Hartford, Connecticut. Hartford fire insurance company employs over 17,500 people in its various locations. It is one of the largest property and casualty insurance companies in the United States and has recently started to become larger in Canada. With such a large financial backing, you definitely don’t need to be worried that Hartford Fire Insurance Company posted a loss of $2,575,000 in 2015. The company is more than capable of being able to take a loss in Canada due to the mass amount of business that they do in the United States.

Products Offered by Hartford Fire Insurance

If you think you might want to go with Hartford Fire Insurance Company, you are likely going to want to learn about what sorts of products they have to offer. The company has a range of property and casualty insurance products available in Canada and the United States. As a company that was started over 200 years ago, they have adapted their insurance products many times over the years in order to meet the needs of their customers and stay in business. Here is a list of what Hardford Fire Insurance Company has to offer today:

Auto:

  • Car insurance
  • RV’S and Trailers
  • Trailers
  • Golf Carts
  • Snowmobiles
  • ATV’S Boats
  • Motorcycles

Home:

  • Rental Insurance
  • Condo Insurance
  • Flood and environmental damage insurance
  • Umbrella Insurance

Business:

  • Small business
  • Well-established businesses
  • Employee coverage
  • Liability
  • Business automotive
  • Property

Hartford Fire Insurance Car Insurance Review

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One thing that might help you be able to decide if you want to go with Hartford Fire Insurance is there total written auto premium. This statistic essentially stands for the total amount of money that the company collected before it had to pay out any claims made by their customers. In 2015, Hartford Fire Insurance Company had a total written auto premium of $1,152,000. This is a pretty small piece of the pie considering how large of a market Canada is, but just remember how large of a company this is in the United States before you go and write them off. Hartford is the 12th largest property and casualty insurance company in the United States, which means that they do have a huge financial backing and are more than capable of being able to take over more of the Canadian market in the future.

Hartford Fire Insurance Car Insurance Products:

Rate Protection:

One thing that helps to set Hartford Fire Insurance Company apart from its competitors is the fact that the company locks in your insurance premium. This essentially means that once you get your insurance premium rate, you will be paying that rate for a full year without having any changes. This is ideal for people who are worried about their rates changing on them out of the blue and having to re-do their budgeting for the year as a result.

Accident Recovery:

After a serious accident occurs or even a minor accident it can definitely take some time to recover. Rather than just having insurance to pay for your medical bills and rehabilitation this company goes the extra mile. The coverage also applies to services that you cannot perform for yourself at home including things like maintaining your lawn, walking your dog, cleaning your house and doing your laundry. Hartford Fire Insurance Company is there to help you through the hard times and make your daily life easier after an accident occurs.

Car Replacement Coverage:

Everyone knows that the value of a vehicle after it drives off of a lot is greatly depreciated. However, some insurance companies like to take advantage of this in the event of an accident by only giving you what your vehicle is worth in its current state. Rather than having to deal with these shady insurance companies, you can pick up new car replacement coverage through Hartford Fire Insurance Company. In the event, you total your new car within 15 months of purchasing it or before you drive 15 thousand miles with it the company will replace your car with the same make, equipment, and model without a deduction or depreciation. Definitely, a policy that helps your vehicle keep its value.

Advantage Plus Program:

If you really want a quality insurance plan with a ton of features, you might want to consider picking up an advantage plus program package. This deal rewards good drivers with a disappearing deductible for each year that you maintain a clean driving record. The program also waives your deductible in the event you are not at fault in an accident. With this plan, you can also receive forgiveness for your first accident so long as you have had a clean driving record for five years. Finally, this plan also will reduce your collision deductible by $100 if you take your car to one of the many companies certified repair shops after an accident. More savings for you all around are stuffed into this policy and you may definitely want to consider it.

Total Sales/ ranking by province

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Other than just looking at the total written auto premium to decide if the company is worth getting insurance from, you might want to have look at the direct written premium by province. This is a better way to be able to see the success of the company within your area and to see if it is possible to be able to get an insurance plan with them. Some Companies only operate in certain provinces, but it is nice to see how they are doing in comparison to other insurance companies. For that reason, we created a table outlining the direct written premiums that Hartford Fire Insurance made in each province and how they ranked in comparison to the top 30 insurance companies in each province. Below are the results that we found:

Province:Direct Written Premiums 2015Ranking on Top 30
Newfoundland6,00027
Prince Edward IslandN/AN/A
Nova Scotia16,000N/A
New Brunswick15,000N/A
Quebec178,000N/A
Ontario583,000N/A
Manitoba28,0021
Saskatchewan35,00021
Alberta186,000N/A
British Columbia105,00021
Yukon TerritoryN/AN/A
Northwest TerritoriesN/AN/A
NunavutN/AN/A

Resources:

https://en.wikipedia.org/wiki/The_Hartford

https://www.thehartford.com/aarp-small-business

https://www.thehartford.com/aarp/car-insurance