This Patriot General Auto Insurance Review evaluates Stevens Point, Wisconsin-based Patriot General Insurance Company. Patriot General Insurance Company is a wholly-owned subsidiary of the Sentry Insurance Group, also located in Stevens Point, Wisconsin. This article discusses both entities.
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Sentry Insurance is a privately-held mutual insurance company and is owned by policyholders. The company employs approximately 4,800 people. In addition to personal auto insurance, parent Sentry Insurance offers homeowner, property & casualty, annuities, and life insurance policies. Sentry Insurance Group insures private individuals and families as well as commercial customers in manufacturing, retailing, and transportation.
Patriot General Auto Insurance History
Parent company Sentry Insurance Group was originally founded in 1904 in Wisconsin. The company was first named Hardware Mutual. The company’s first members belonged to the Wisconsin Retail Hardware Association (present day Midwest Hardware Association).
Sentry Insurance Group has grown by acquiring smaller insurance companies, such as the ALF Insurance Agency. ALF operates as an independent brokerage and insurance agency in 15 Michigan office locations.
The company has also organized various business subsidiaries throughout its history. Today, in addition to Patriot General Insurance Company, Sentry Insurance Company owns many other insurance companies.
Sentry Equity Services, Inc. distributes mutual fund products and services, and owns the Sentry Fund.
Sentry Insurance Group is the preferred insurance provider of The Farm Equipment Manufacturers Association. Sentry also receives the nod of approval from the Power Transmission Distributors Association, Business Technology Association, and the Industrial Supply Association.
Though the company’s corporate logo of Captain John Parker and the Minuteman Statue (in Lexington, Massachusetts) harkens back to the Revolutionary War, the company’s Midwest roots have served customers throughout the region. The company’s motto is “Strength, Protection, and Vigilance.”
Patriot General Auto Insurance Financial Information
In fiscal year-end 2010, Sentry had $10 billion in assets and reported a $3.3 billion policyholder surplus according to Morningstar Financial.
The company competes most directly with General Casualty, Allstate, and State Farm. Sentry Insurance Group competes on a regional basis with American Family Insurance, CNA Financial, Badger Insurance, USAA, MetLife, AIG, GEICO, Penn Mutual, the Travelers Companies, Nationwide, and Progressive.
The U.S. property & casualty business isn’t considered a growth industry. Insurers like Patriot General must compete effectively against other top companies on a national and regional basis. That’s just one of the reasons why competition among auto insurance companies can help individuals and businesses looking for affordable auto insurance rates.
Patriot General Auto Insurance Ethics
According to the company website, the company maintains a strict code of ethics, including the promise to keep customer information confidential. Employees of the company must agree to comply with a Code of Ethics, including the responsibility to safeguard company property. Conflicts of interest, such as external profit-making opportunities, must be reported to the company’s management. Violations of the company’s ethical code may be cause for termination, and reporting violations is the responsibility of all employees.
Patriot General Auto Insurance Locations
The company maintains offices in Wisconsin, Illinois, Iowa, Massachusetts, Virginia, North Carolina, Arizona, California, and Oregon.
Patriot General Auto Insurance Agents
The company employs auto insurance agents and also utilizes a network of independent insurance brokers and agents. According to the company website, Relocate America considers Stevens Point, Wisconsin as one of the top 100 best places to live in the United States.
Patriot General Auto Insurance for Business
The company offers a variety of auto insurance solutions for small to medium-sized commercial customers. Patriot General also provides customized property & casualty solutions, including vehicle insurance liability, to transportation companies. Motorized carrier insurance coverage and safety solutions for independent cargo haulers and motor carriers are offered. In addition, Patriot General offers industrial hygiene coverage to help protect clients’ work environments.
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