We've looked at over 1,000 insurance companies rating them on strength, accessibility, and service to find the best ones. Here's what people think about Madison Mutual Insurance Company.
Written by Christine Lacagnina
Written by Christine LacagninaChristine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.
Updated октября 6, 2021The Right Company. The Perfect Price.
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Madison Mutual pros: Longstanding carrier with over a century's experience in the industry. High rating by the BBB. Offers several types of coverage. Offers several discounts.
Madison Mutual cons: Coverage not available nationwide. Not accredited by the BBB. Lower AM Best rating than many.
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Here's an overview of the products offered by Madison Mutual.
Your independent insurance agent can help you find more information about the coverages offered by Madison Mutual, and help you decide if this insurance company is right for you.
Founded in 1919, Madison Mutual Insurance Company has more than a century's worth of experience in the insurance industry. The carrier originally wrote only auto insurance, but expanded their catalogue in the 1980s to include home insurance, farmowners insurance, and personal umbrella insurance.
Madison Mutual offers its coverage in Illinois, Wisconsin, Indiana, and Missouri. The insurance company is represented by 400 agencies and 500 licensed producers. There are 38 employees on their LinkedIn network.
Despite its longstanding history, Madison Mutual has experienced a drop in its financial strength rating in recent years. AM Best now gives Madison Mutual an overall “B+” rating, indicating the carrier is a good choice for customers in terms of financial strength, but below average.
Established in 1899, AM Best is one of the oldest rating companies in the world. Reviews from AM Best indicate an insurance company’s financial strength and creditworthiness and are based on comprehensive evaluations of the company’s operating performance, business profile, and annual report.
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