This Republic-Franklin Auto Insurance Company Review looks at Columbus, Ohio-located Republic-Franklin Insurance Company. Republic-Franklin is an operating subsidiary of the Utica Mutual Insurance Company, based in New Hartford, New York.
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If you’re considering a new auto insurance carrier, then continue to read on about Republic-Franklin Insurance Company. We discuss the company’s agents, products, and services, and parent company to help you determine if the company’s auto insurance products and services suit your needs.
Republic-Franklin Insurance Products and Services
Republic-Franklin Insurance Company and its parent are property & casualty insurers. Republic-Franklin focuses upon the needs of clients in the educational, printing, and municipal services industries (such as fire departments). The company’s sister insurance companies include Graphic Arts Mutual Insurance, Utica National Insurance, and Utica National Insurance Company of Texas.
Republic-Franklin and Utica National insurance companies are motivated to offer reliable insurance coverage, fair claims services, and exceptional customer service. According to the company website, the company currently has a 98% customer satisfaction rate.
New York and New Jersey customers may take advantage of a direct repair program: repairs provided to customers’ autos by Utica National-approved repair shops are guaranteed for as long as the customer owns the car.
The Personal EDGE auto insurance policy offers:
- Diminishing deductibles: That is, the driver’s collision deductible declines for every year he doesn’t submit a collision claim. The collision deductible reduction must be limited to the minimums established by each state in which the company writes auto insurance policies.
- Accident forgiveness: A first accident may be waived if the driver has driven without any other accidents in the last three years.
- Emergency expenses: A driver’s emergency living expenses are paid when vehicle repairs must occur away from home.
- Airbag problems: The Personal EDGE covers costs of airbag replacement when the airbag accidentally inflates.
- Multiple vehicle discounts: Drivers receive multiple vehicle auto insurance discounts even when they insure only one car.
- Green fuel discounts: Drivers receive auto insurance rate discounts for environmentally-friendly low-emissions cars and fuels.
Clients may receive additional auto insurance rate discounts for low mileage on a personal or collector vehicle. Combining auto insurance with a personal liability policy or homeowner policy can reduce your auto insurance rates with Utica National and its portfolio of insurance companies. By prepaying the annual premium in full, the insured driver may also command an additional auto insurance discount.
Auto insurance customers may take advantage of convenient premium payment plans. Clients may choose to pay premiums online or through electronic fund transfer.
Republic-Franklin Insurance and Utica National Insurance
Utica National acquired Founders Insurance of Illinois in 2010. The acquisition helped the company to expand both its geographic reach and products. Founders Insurance writes property & casualty insurance in the Midwest for non-standard drivers. Non-standard drivers may be considered “high-risk” drivers. Additionally, Founders Insurance writes commercial property and liability coverage for liquor businesses.
Utica National is best known for its niche insurance business in writing E&O (Errors & Omissions) insurance. E&O insurance is also known as professional indemnity insurance (PII) or professional liability insurance (PLI). This kind of insurance assists professional service providers to bear the costs of lawsuits claiming negligent acts in a civil court case.
The company generated approximately $540.8 million in annual revenues in fiscal year 2010. The company derived net income of about $53.24 million during the period.
Utica National and its portfolio companies compete most actively with State Farm, The Travelers Companies, and Markel. The companies compete regionally with American Financial Group, Liberty Mutual, USAA, PMA Companies, White Mountains Insurance Group, Allstate, the Tower Group, and Amica Mutual.
Republic-Franklin Insurance Agents
Republic-Franklin auto insurance products are sold by a network of approximately 1,200 independent auto insurance brokers and agents throughout the United States.
Insurance agents interested in marketing the company’s auto insurance products should submit a resume and cover letter through the company’s website by clicking on the “Careers” Section. Parent company Utica National employs approximately 1,500 people in all locations.
Utica National also routinely seeks customer service, finance, underwriter, information technology, and claims professionals on an employed basis.
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