American Family Insurance Home, Life & more

American Family Insurance, also abbreviated as AmFam, is a privately owned American joint venture that focuses on property, casualty and auto insurance and also offers business, life and health insurance and homeowners coverage, as well as products investment and retirement. A Fortune 500 company, its revenue exceeded $ 9.5 billion in 2017.

Not to be confused with American Family Home Insurance Company, a subsidiary of American Modern Insurance Group, Inc. Affiliate of Munich Re, or American Family Life Assurance Company of Columbus.

The history of American family insurance began on October 3, 1927, [5] when insurance salesman Hermann Whitwire opened the doors of Farmers Mutual Insurance Company (not to be confused with Farmers Insurance Group) in Madison, Wisconsin. At that time, the company’s only product was auto insurance and the target market was farmers. White believes that farmers are less risky than city drivers because they drive far fewer cars and nothing in the winter.

Over the years, Farmers Mutual has expanded it’s market and product line to meet the changing needs of its customers. In 1963, Farmers Mutual changed its name to American Family Mutual Insurance Company to reflect its broader customer base.

American family insurance products include comprehensive insurance, comprehensive insurance, and life insurance. Personal and commercial automobile insurance, comprehensive insurance and home insurance; Insurance for motorcycles, boats, motorhomes, snowmobiles, automobiles; Key Business Responsibility Policy, Safe Business Policy Package; Liability insurance for farmers and farmers; Travel, flight cancellation and global health insurance.

American Family Insurance, widely known as AmFam, is the third-largest property and casualty (P&C) insurance group, the eighth homeowner’s insurance company, and the ninth-largest passenger car insurance company in the United States. , according to written premiums.

With over 90 years of experience, AmFam has become one of the most popular insurance brands in the United States. It has gained popularity by capitalizing on the idea of ​​the American dream and by promising personalized coverage and support for people pursuing their dreams.

A brief history of AmFam

American Family Insurance was not always a multi-line P&C. Founded by insurance salesman Hermann Witwer in October 1927 as a provider of farmers’ auto insurance in Wisconsin. White believes that the driving habits of farmers are less risky than those of city drivers, so he created Farmers Mutual Car Insurance Company.

As the needs of their clients evolved, so did Farmers Mutual. Between the 1930s and 1960s, the company expanded its market and product lines, and in 1963 the company changed its name to American Family Mutual Insurance Company to reflect its broader customer base.

Since then, AmFam has gone from strength to strength. It is now the 13th largest insurance company in the United States and is ranked 311 on the Fortune 500 list.

What companies make up the American Family Insurance Group?

AmFam Group consists of 14 individual companies:

  • American Family Mutual Insurance Company S.I.
  • Wisconsin Standard American Insurance Corporation
  • American Family Life Insurance Company
  • American Family Brokerage, Inc.
  • American Family Financial Services, Inc.
  • American Family Insurance Corporation
  • The Standard American Insurance Company of Ohio
  • AmFam, Inc.
  • AssureStart Insurance Agency, LLC (AssureStart)
  • Homesite Group Incorporated and its subsidiaries (Homesite)
  • Midvale Indemnity Corporation
  • Medval Life Insurance Corporation of New York
  • New Ventures, LLC
  • PGC Holdings Corp. and its subsidiaries (The General)
  • Does AmFam sell through agents?

Really. According to the company’s “Quick Facts” page, AmFam hires 2,800 independent contracting agents. Some of AmFam’s subsidiaries, including The General and Homesite, allow consumers to purchase and manage their insurance directly online or over the phone.

What product lines does AmFam offer?

AmFam divides its product lines into three divisions: Vehicle, Property and Business Insurance, and Auxiliary Protection. Under vehicle insurance, the company covers automobiles, motorcycles, recreational vehicles, boats, four-wheel-drive vehicles, snowmobiles, and classic cars. Under Property and Business, it provides coverage for homes, renters, apartments, manufactured homes, farms and farms, and commercial insurance. Lastly, AmFam also offers life insurance, comprehensive insurance, identity theft insurance, credit control, medical insurance, and travel insurance.

AmFam claims process

The AmFam promise revolves around “taking back your dreams.” When filing an auto, home, or business insurance claim, insured individuals can call 1-800-MY AMFAM (1-800-692-6326), contact an AmFam insurance agent, or report a claim online.

Insurers with an auto insurance claim can take advantage of the AmFam Dreams Restored Program (DRP) to access reliable, customer-friendly repair shops in their local neighborhoods. The insured’s damaged vehicle gets priority status at the DRP facility, which means it can get back on the road as quickly as possible. An insurance company keeps things smooth by receiving the bill directly and paying it (minus the deductible).

MyAmFam mobile app

Like many leading insurance companies, AmFam is always looking for new ways to improve customer service. The MyAmFam mobile app is packed with features ranging from real-time payment status to roadside assistance. Policyholders can use fingerprint authorization to log into their secure app, where they can schedule payments, report a claim, request a policy change, and also find instant digital proof of insurance.

Look carefully, dream without fear

AmFam’s “Safe with Care, Sleep Without Fear” ad campaign reflects the company’s position that making dreams possible requires real support, not just encouragement from the sidelines. The insurance company says, “We all have a dream. Our mission is to help you achieve your goals.”

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