The parent company has been found by A.M. The best we can do is share with you WRC’s most recent A.M. This means we can’t be sure of 1 st Auto’s financial strength. In the case of 1 st Auto & Casualty Insurance, there are no ratings to include. Normally in this section we would provide ratings assigned by independent associations such as A.M. After all, you want to feel confident that the company insuring you won’t go bankrupt right before you need to file a claim. Those extra zeroes can do a lot for a customer’s peace of mind. This is a good amount of funds available but not nearly as impressive as bigger carriers like Progressive’s $41 Billion in assets. However, we are able to advise 1 st Auto’s parent company, Wisconsin Reinsurance Group (WRC), reports $25 Million in assets. We were disappointed to find no information specific to the financial strength of 1 st Auto & Casualty Insurance. Believe us, we looked everywhere! Financial Health There is almost no mention on the web of 1 st Auto & Casualty Insurance. There is an unofficial Facebook page but no Twitter, Instagram, or other online activity. For example, 1 st Auto has no real social media presence.
One of the challenges of reviewing a small, regional carrier like 1 st Auto & Casualty Insurance is the lack of available information. We can’t be sure the percentage of each discount provided.
After some more digging, we found the company also offers other traditional discounts for mature drivers, safety features like airbags and safety restraints, as well as good student discounts.
Therefore, consumers are not able to buy and bind policies online or over-the-phone.ġ st Auto & Casualty Insurance does offer a 15% discount for bundling an auto policy with a home or farm insurance policy from one of their qualifying mutual clients. Their products are sold exclusively through local agents affiliated with mutual companies reinsured by WRC. Over time, they introduced commercial auto, farm truck, and umbrella insurance as well. In the beginning, the carrier only offered personal auto insurance.
1 st Auto Insurance is based in Madison, WI and provides coverage in the following Midwestern states: Wisconsin, Illinois, South Dakota, Iowa, Missouri, and Arkansas. Twenty-seven years ago Wisconsin Reinsurance Corporation (WRC) founded 1 st Auto & Casualty Insurance to offer auto insurance to mutual reinsurance customers.
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