Founders Insurance Company, based in Des Plaines, Illinois, provides a wide selection of insurance products for budget-conscious customers. It belongs to the Utica National Insurance Group. The auto insurance options offered by Founders give enough coverage, but the company also offers less common coverage kinds, such as liquor liability insurance.
While the company is noted for its inexpensive costs, some customers may find the company's insurance coverage selections to be somewhat limited.
Check out our Founders Insurance review to learn more about the company's coverage options and overall level of customer service.
Before signing up with the company, be sure you've looked into all other possibilities. First, go to Way.com to get free quotations from several providers that are tailored to you in one platform. It's a no-brainer and also pretty quick.
| PROS | CONS |
|---|---|
| SR-22 insurance is available | Quotes are only accessible via phone |
| For high-risk drivers, low rates are available | Customer feedback ranges from mixed to negative |
| Strong financial position | Options for coverage are limited |
Car insurance is available through Founders Insurance in Illinois, Indiana, Ohio, and Wisconsin. The company primarily serves the non-standard market, providing coverage for drivers who are considered ineligible for traditional insurance policies. This could be owing to a history of major offenses or car accidents.
Founders provide policyholders the following benefits in addition to the normal auto insurance coverages:
Founders Insurance provides non-owner insurance plans for drivers with expired, suspended, foreign, out-of-state, or even unverifiable driver's licenses.
These are some of the possibilities:
The cost of auto insurance is determined by the risk that the policyholder will be involved in an accident and file a claim. As a result, if your driving record displays a history of traffic offenses or, God forbid, car accidents—especially if they were your fault—you'll almost certainly face increased auto insurance rates. For high-risk drivers, Founders Insurance claims to offer inexpensive premiums.
Founders Car Insurance for Good Drivers
| Average Premium for Good Drivers | |
|---|---|
| Founders | $1008 |
| National Average | $1675 |
Founders Car Insurance for Drivers with a Speeding Ticket
| Average Premium for Drivers with a Speeding Ticket | |
|---|---|
| Founders | $1332 |
| National Average | $2040 |
Founders Car Insurance for Drivers Who Caused an Accident with Injury
| Average Premium for Drivers who Caused an Accident with Injury | |
|---|---|
| Founders | $1440 |
| National Average | $2739 |
Founders Car Insurance for Drivers with a DUI
| Average Premium for Drivers with a DUI | |
|---|---|
| Founders | $1980 |
| National Average | $2889 |
Founders Insurance is not clear about the insurance savings it offers as some other insurance companies. Nonetheless, the corporation offers a few discounts to consumers who purchase auto insurance coverage.
| Discounts Available | What It Means |
|---|---|
| Driver-Based Discounts | You'll get a discount if you have multiple cars listed on a policy with Founders Insurance Company. However, the website doesn't say how much. Even if they don't have a house insurance policy with Founders, homeowners can enjoy a discount. |
| Policy-Based Discounts | For drivers who switch insurance providers, Founders Insurance Company advertises a transfer discount and a renewal discount to reward loyalty. An insurance representative will be able to offer you extra information over the phone. |
| Bundling Discounts | Because Founders provides life insurance, house insurance, and a variety of other policies, it's reasonable to believe that you can bundle some of them with your vehicle insurance to save money, even if the company's website doesn't explicitly state so. |
| Renewal | You may be eligible for a discount if you renew your insurance with Founders. |
| Transfer | To receive a discount on your policy, transfer it to Founders Insurance. |
| Homeowners | If you own a home, you may be able to save money on your car insurance. |
| Multi-car | Owners of numerous vehicles may be eligible for a discount if all vehicles are covered under one policy. |
Customer feedback is favorable. Founder claims to have affordable premiums, but without online quotations, that's difficult to verify. However, if you call and the pricing is reasonable, you can rest assured that you're dealing with a respectable insurance firm.
Founders can be a good fit for you if you have limited options and require non-standard insurance quickly. In terms of finances, Founders Insurance is in good shape.
You'll work with a live insurance agent, not a robot, because the company doesn't have much of an internet or mobile presence.
To get started on a claim, go to Founders' website and fill out a simple form to be connected with an adjuster. Founders’ claims phone number is 1 (888) 676-4342, and its customer service department can also be reached via email.
Founders Insurance offers a variety of insurance products, including life insurance, renters and homeowners insurance, and even liquor liability insurance for Illinois restaurants, which is their "specialty." However, it is only available in Illinois, Indiana, Ohio, and Wisconsin.
| Type of Contact | Contact |
|---|---|
| Home Office | Founders Insurance Company
1350 E. Touhy Ave., Suite 200W Des Plaines, IL 60018 |
| Claims Support | (888) 676-4342 |
| Tech Support (Toll-Free) | (866) 758-7678 |
| Fax | (847) 795-0080 |
| Underwriting and Billing | (847) 768-0040 |
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
Founders can be a good fit for you if you have limited options and require non-standard insurance quickly.
To get started on a claim, go to Founders' website and fill out a simple form to be connected with an adjuster. You can reach them on their claims phone number. Alternatively, their customer service department can be reached via email.
Car insurance is available through Founders Insurance in Illinois, Indiana, Ohio, and Wisconsin.
If you are a good driver with a spotless driving record, then the annual premium would come up to $1008.
Founders provide the normal auto insurance coverages. In addition, founders Insurance provides non-owner insurance plans for drivers with expired, suspended, foreign, out-of-state, or even unverifiable driver's licenses.
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