Pennsylvania National Auto Insurance Review

  • 11111
Address: 2 North Second Street
City: Harrisburg
State: PA
ZIP: 17101
Phone Number: +1-717-234-4941 or +1-800-388-4764
AM Best Rating: A- (“EXCELLENT”)
Market Cap: X ($500 Million to $750 Million)
Year Founded: 1919

This Pennsylvania National Auto Insurance Review looks at Harrisburg, Pennsylvania-located Pennsylvania National Mutual Casualty Insurance Company. The company’s marketplace isn’t actually national. The company focuses on a nine-state, East Coast marketplace.

The company, operating as Penn National Insurance, provides individual and commercial property & casualty insurance to clients in Pennsylvania (40% of its business), Maryland, Delaware, New Jersey, North Carolina, Virginia, South Carolina, Alabama and Tennessee. Personal auto insurance policies account for about 26% of direct premiums written, according to the 2010 Annual Report.

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Homeowners, private auto and umbrella coverage isn’t available in Alabama, South Carolina, and Delaware. Inservco Insurance Services Inc., a third-party claims administrator subsidiary, helps self-insured clients manage risk.

Pennsylvania National Auto Insurance Agents

Pennsylvania National uses a network of about 750 independent insurance brokers and agents throughout its nine-state market. According to the company website, Pennsylvania National ranks in the top 10% (102nd) of 1,000 property & casualty underwriters in the U.S. based on net premiums.

Pennsylvania National Auto Insurance Financial Information

The company is rated A- (Excellent) by A.M. Best. Its financial strength is the foundation of its services. The company has about $1.3 billion in total assets, according to the 2010 Annual Report. Premium writings were greater than $500 million during fiscal year-ended December 2010.

About 26% of the company’s premiums written were in personal auto insurance lines, and about 15% were in commercial auto insurance lines. The company’s other 2010 premiums written were:

  • Other liability (16%)
  • Workers’ comp (14%)
  • Homeowners (11%)
  • Business owners (7%)
  • Other (11%)

Marketplace percentages of premiums written:

  • Pennsylvania (40%)
  • North Carolina (18% )
  • New Jersey (11%)
  • Alabama (8%)
  • Maryland (7%)
  • Virginia/Tennessee (15%)

Sister companies include Penn National Realty Trust, Penn National Mutual Casualty Insurance Company (Pittsburgh, Pennsylvania), Penn National Security Insurance Company, Pennsylvania National Mutual Casualty Insurance Company (Nashville, Tennessee), Pennsylvania National Mutual Casualty Insurance Company (Greensboro, North Carolina), and Pennsylvania National Mutual Casualty Insurance Company (Lawrenceville, New Jersey).

According to Dun & Bradstreet, Pennsylvania National earned $556.52 million for the fiscal year ended December 2010. The company generated $28.66 million in net income for the period.

The company employs about 800 people in all office locations. About half of the company’s employees work in the Harrisburg, Pennsylvania headquarters office.

Pennsylvania National Auto Insurance History

The company was founded in 1919 by a farmers’ group that was angry about the cost of workers’ comp coverage. They knew it was possible to drive down the high costs of liability insurance. Pennsylvania National started to offer other insurance lines to suit the needs of its clients. Rather than the company’s initial agricultural business focus, Pennsylvania National now tends to the needs of service-focused businesses.

Pennsylvania National Auto Insurance Customer Service

Pennsylvania National’s value proposition aligns with its location. The company says it doesn’t want a national marketplace. By remaining in a regional market, the company offers personal attention and face-to-face assistance. Filing a claim can occur in person or through the toll-free intake number. The company offers clients the choice of how to obtain services.

The company also believes that an independent insurance agent and broker network affords clients the widest range of choices. Pennsylvania National doesn’t want to compete solely upon auto insurance rates, but clients have a choice to compare costs offered through the independent network.

Pennsylvania National Auto Insurance Competitive Markets

Pennsylvania National competes most often with three other national auto insurance companies, Liberty Mutual, State Farm and Allstate.

The company competes with GEICO, Nationwide, Progressive, Farmers Group, The Travelers Companies, and The Hartford in its regional marketplace. Personalized service and cost-effective property & casualty insurance services are its greatest claimed competitive advantages. Some of its competitors, such as Allstate, operate on thin profit margins (about 4.18%). The Travelers enjoys wider profit margins (13.49%) in the regional market.

How to Find Affordable Auto Insurance Rates

If you’re in the market for affordable auto insurance rates, we’ve got a solution. Compare your existing auto insurance rates with auto insurance quotes from other companies interested in competing for your auto insurance business.

Reviews for Pennsylvania National Auto Insurance

    • 11111
    InTheIndustry says:

    I have had the unfortunate displeasure of being being hit by one of Penn Nationals insureds and having to deal with the claims office at Penn. I have been in the insurance business for close to 20 years and I have NEVER seen a company use the type of delay and deny tactics being employed by this company.
    I was hit over 3 weeks ago in a parking lot by their insured on purpose. The other driver rammed my vehicle with his truck and caused major damage to my vehicle causing the drivers side door to be unable to open. Most times the police department will not write accident reports or citations on accidents occurring on private property but do to the overwhelming evidence in this case the officer point blank told the driver he HAD to issue him a citation. So we have a police report, we have the other drive being assigned fault by the officer via citation, we have witnesses(none of which Penn is interested in talking to), and we have the photos taken by them basically proving that I was hit dead center in the side of my vehicle. I have called EVERYDAY for 3 weeks and I am told that they are still investigating the incident. Then the adjustor asks me if I have a copy of the police report? Im like are you kidding me?! Its been 3 weeks and you still dont have the police report. Sounds like a real serious investigation to me. Based off of customer reviews that I have been reading about this company, this seems to be their M.O. These types of companies are the ones that give the insurance industry a bad reputation and my occupation a bad stigma! I can promise you that the Insurance Commission will be reieving a very detailed complaint about this situation and Penn’s Unfair Claims & Settlement Practices!

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