Heartland Farm Mutual Insurance Company Car Insurance Review

  • hearthland farm mutual

Heartland Farm Mutual Insurance Company Overview

company overview

Heartland Farm Mutual Insurance Company was formed as a result of a merger between two Different Insurance Companies in January 2016. The company was formed as a result of Oxford Mutual Insurance Company and North Waterloo Farmers Mutual Insurance Company merging together. Oxford Insurance was formed back in 1878 while North Waterloo Farmers Mutual Company was founded back in 1874. The two companies together have more than 250 years of experience in delivering insurance for the people of Ontario. Before the merger, in 2015, the company had a total profit of $6,162,000. Now that the Companies have combined their resources, you can expect that Heartland Farm Mutual Insurance Company is here to stay.

Products Offered by Heartland Farm Mutual Insurance

One thing that you’re going to want to consider if you’re thinking about going with Heartland Farm Mutual Insurance is the products that they offer. This company has roots dating back well over 100 years, which means that they have altered their products many times in order to suit the needs of their customers. The company certainly has a lot of different insurance plans offer. To help you be able to decide if you want to go with the company, here are some of the many different products that they have available today:

Car insurance:

  • personal car insurance
  • business car insurance
  • accident benefits
  • Farm

Commercial insurance:

  • contractors
  • church
  • apartments
  • wineries
  • retail
  • office
  • agricultural operations
  • bed and breakfast

Farm insurance:

  • liability
  • animals
  • crops
  • replacement costs
  • buildings
  • business interruption
  • accidents
  • equipment
  • greenhouses

Home:

  • second homes
  • seasonal homes
  • seasonal properties
  • Islands
  • primary homes
  • liability
  • contents
  • property
  • condo

Specialty coverage:

  • antiques
  • disease
  • identity theft
  • home businesses
  • auto fleets
  • hobby farms

Heartland Farm Mutual Insurance Company Car Insurance Review

Knowing how much business a company does is a good way to be able to tell a good quality insurance company from something that isn’t so great. One of the best ways to be able to tell a quality insurance company from something that isn’t so great is by looking at the total written auto premium that the company collected. The total written auto premium of a company essentially is the amount of money that the company collected before they had a pay out claims to clients. In 2015, Heartland had a total written auto premium of $38,421,000. As you can probably tell by this number, the company is doing quite well and is expected to perform well in the future now that the company has merged.

Heartland Farm Mutual Insurance Company Car Insurance Products:

products

Discounts:

One thing that makes Heartland Insurance stand out as a company is the amount of discounts that they have to offer their clients. The company offers discounts if you insure more than one vehicle and if you insure your home and your vehicle. Another way you can get a discount is with a clean driving record. Things like a small commute to work, winter tires, a theft deterrent system, students who live away from home and increasing your collision deductible all allow you to be able to have a discount on your insurance. It is nice to have this many discounts available as you are almost definitely going to have a low premium as a result.

Accident benefit options:

Unlike a lot of insurance companies that only have a few accident benefit options, you can choose from a wide range of accident benefit options through Hearland Insurance in order to give you peace of mind. Different options are more expensive than others, but they also give you different amounts of money depending on how serious of an accident you get into. It is definitely a good idea to look at these options as it doesn’t take that much of an accident to be able to cause something that could change you for the rest of your life. A few dollars a month is a small price to pay for peace of mind when you’re driving.

Record protection:

If you are worried that you might get into an accident at some point in time, you can add protection onto your insurance package. This package allows you to be able to protect your driving record in the event that you have one at fault accident. Although this will cost you some money for each vehicle that you add to this policy, you can definitely have some peace of mind knowing that your insurance premiums are not going to rise as a result of having one accident and being at fault.

Road service:

If you ever think that you might need help out on the road, you can add this to your insurance policy. This coverage reimburses you for a roadside emergency service. With this policy attached, you can receive up to $50 in reimbursement for each time that you need roadside emergency service. Even if you already have a roadside emergency membership with another program, you can use the service to receive a $50 reimbursement for each time that you need it.

Removing depreciation:

If you happen to buy a new vehicle, you might want to consider getting this insurance package. If your vehicle is within 24 months of age and you happen to lose your vehicle or total your vehicle, you will be covered for the entire value of your vehicle. The amount of money that your vehicle reduces in value over time will be irrelevant if you add this to your policy and happen to get into a serious accident resulting in your vehicle being in un-drivable condition. One very nice thing about this policy is that you can still get this on your insurance if your vehicle has less than 5000 km on it.

Heartland Farm Mutual Insurance Company Total Sales/ ranking by province

ranking

In order to help you be able to decide if you want to get insurance through Heartland Mutual Insurance Company, you might want to know if they do any business in your area. Many insurance companies only operate out of certain provinces and this company is one of those insurance companies. To help you be able to see if the company operates in your area and how well they do, we have created a table for you. The table outlines the total direct written premiums in 2015 that the company collected in each province and how they ranked in terms of the top 30 insurance companies in each of all of Canada’s provinces. Here is what we found:

Province:Direct Written Premiums 2015Ranking on Top 30
NewfoundlandN/AN/A
Prince Edward IslandN/AN/A
Nova ScotiaN/AN/A
New BrunswickN/AN/A
QuebecN/AN/A
Ontario38,421,00028
ManitobaN/AN/A
SaskatchewanN/AN/A
AlbertaN/AN/A
British ColumbiaN/AN/A
Yukon TerritoryN/AN/A
Northwest TerritoriesN/AN/A
NunavutN/AN/A

Resources:

https://www.heartlandfarmmutual.com/our-company/our-history

https://www.heartlandfarmmutual.com/

https://www.heartlandfarmmutual.com/sites/default/files/editor_images/Car%20Insurance%20Coverage%20Options.pdf