RLI Auto Insurance Review

  • 33333
Address: 9025 North Lindbergh Drive
City: Peoria
State: Illinois
ZIP: 61615
Phone Number: 800-331-4929
AM Best Rating: A+
Market Cap:
Year Founded: 1966

UPDATE: RLI Insurance Company does not offer auto insurance. To view quotes and options from other companies then please enter your zip code above.

A review of RLI Auto Insurance Company leads to RLI Insurance Company. RLI has been in existence for 45 years and focuses on underserved insurance markets. They started out focusing on only one insurance market, but have since expanded to include many types of insurance products, selling policies in several states.

If you are looking for personal auto insurance, enter your zip code now to compare auto insurance rates from several top companies.

RLI has a very unique history within the insurance industry. RLI actually stands for Replacement Lens, Inc. In the 1960s, the contact lens industry was taking off. Before the invention of soft contact lenses, all contact lenses were hard. They were costly and not covered by many insurance carriers. If lenses were lost, especially before it was time for a new prescription, the cost was significant.

The founder of the company recognized the high cost of replacing contact lenses so he started RLI to insure the lenses. Of course, with the invention of soft contact lenses, contact lenses became more affordable and even disposable. However, to this day, RLI is the largest insurer of contact lenses in the world for those who choose hard lenses.

Moving beyond contact lenses was an easy decision. RLI quickly moved into the field of selling commercial property insurance, umbrella insurance, and liability insurance. This required creating subsidiaries that were able to sell in additional states. Throughout the years, RLI has consistently been given an A+ Superior rating by A.M. Best independent rating company and is licensed in all 50 states.

RLI Products

Since its expansion, RLI has developed three main categories of insurance coverage. Those three categories are Personal Insurance Coverage, Business Insurance Coverage, and Surety Bonds. Within each of these categories are specific coverages that RLI has worked to perfect according to experience and customer needs. Each policy is customized to meet the needs of the people.

Personal Insurance Coverage includes homeowners insurance for Hawaii residents, home business insurance, personal umbrella insurance, and pet insurance. Hawaii homeowners insurance covers lightening, vandalism, smoke, fire, and other property damage. Hawaii is the only state covered for homeowners insurance because it is a niche market. Homeowners insurance in Hawaii is costly due to the damages of volcanoes and flooding.

Pet insurance is another niche market RLI focuses on. Pet insurance is intended for pure breed dogs or expensive, exotic animals. Purchasing a pet of this kind is really an investment and if the animal gets sick or dies, you are protecting your investment. This doesn’t mean that a pet can be replaced, but the monetary investment in the pet can be saved and if you choose to purchase another pet, you will have the money.

The divisions of business insurance that RLI carries are casualty, professional services, executive products, marine, specialty programs, property, reinsurance, and transportation. Within these categories there are several areas that are considered specialty coverage such as archery, yacht, public transportation, floating property, real estate trusts, and non-profit organizations.

RLI is licensed to sell Surety Bonds in all 50 states. Surety Bonds are a type of insurance that is necessary when there is a contract between a business and a customer. For example, if a contractor says they are going to fix your roof for $3,000 starting with a down payment from you, your down payment and the work they contracted to do is covered under a surety bond, if they do not follow through. This is another niche market.

RLI Agents

Agents who work for RLI must be trained in these specialty areas of insurance. Understanding what customers in these niche markets need is essential to developing relationships and providing the proper coverage. Most agents that come to RLI have previous insurance experience but those who do not can undergo training.

Agents who come from other insurance fields undergo training both at the home or regional office as well as at specialty seminars and symposiums. This training is applied immediately when writing policies for individuals and companies. RLI agents do not shy away from hard to insure companies or individuals. In fact, they look for companies that are underinsured.

Even though RLI does not carry personal auto insurance, you can compare auto insurance rates for yourself by entering your zip code in the free box now!

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