Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that exis...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Apr 21, 2020

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Company Details
Address: 2120 West End Avenue
City: Nashville
State: TN
ZIP Code: 37203
Phone Number: 1+615-341-1000
Website: http://www.finance.cat.com
Year Founded: 1981
AM Best Rating:
Company Rating 0 (0 reviews)

Things to remember...

  • Caterpillar Financial offers financial resources to customers seeking to rent, lease, or purchase parent company Caterpillar Inc.’s construction equipment
  • Caterpillar Financial offers finance and insurance resources to customers in 50 plus countries throughout the United States, North/South America, EMEA, and the Asia-Pacific region
  • About 60 percent of Caterpillar’s client relationships are based in the United States and Canada

This Caterpillar auto insurance review explores Caterpillar Insurance Services Corporation located in Nashville, Tennessee. The company is an operating subsidiary of Caterpillar Financial Services.

However, they do not appear to offer personal car insurance for everyday vehicles.

Caterpillar Financial offers financial resources to customers seeking to rent, lease, or purchase parent company Caterpillar Inc.’s construction equipment, including:

  • Mining, agriculture, and agribusiness machines
  • Forklifts
  • Engines, off-road trucks, and gas turbines
  • Generators and other earth-moving equipment

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Caterpillar Auto Insurance and Cat Financial

Caterpillar Financial offers finance and insurance resources to customers in 50 plus countries throughout the United States, North/South America, EMEA, and the Asia-Pacific region.

Customers seeking to finance off-the-road vehicles or trucks from Caterpillar receive one-stop financing and insurance services through Cat Financial.

Cat Financial maintains ownership of the equipment leased or sold on installment terms. The equipment serves as borrower collateral.

The company also finances and insures marine craft, power plants, and other concerns that use or operate Caterpillar equipment.

During the 2008 to 2010 recession, Caterpillar Financial reported a decline in customer payment quality. Fewer customers needed new equipment or products offered for sale or lease by Caterpillar, as the manufacturing and construction industries sagged.

The number of clients making past due payments on Caterpillar lift trucks and other equipment increased during the period.

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Caterpillar Auto Insurance and Demand

Caterpillar Finance, of which Caterpillar Insurance Services is an operating arm, is one of three primary operating units of parent company, Caterpillar.

When a customer makes a purchase of Caterpillar equipment, Caterpillar offers front-end financing to dealers or direct customers.

Insurance and administrative support offered by the company helps maintain the client relationship.

About 60 percent of Caterpillar’s client relationships are based in the United States and Canada. The parent company has made extensive investments in China and offers a lower-priced line of equipment there.

To date, Caterpillar reports that clients in India, China, and Indonesia show less interest in buying the Caterpillar brand than in other developing countries.

Because of the massive potential in the Asian markets, Caterpillar declared at year-end 2010 it plans to invest about $300 million in a manufacturing plant located in Tianjin, China.

The plant should open for business by 2013. In addition, Caterpillar bought Xuzhou Construction Machinery. As China infrastructure projects continue at a rapid pace, Caterpillar is poised to reap profits there.

Caterpillar and Navistar International — a defense vehicle, diesel engine, commercial truck, and bus manufacturer — created an equal split joint venture in 2009. Called NC2 Global LLC, the joint venture manufactures and sells commercial trucks outside of its key North America customer base.

Called NC2 Global LLC, the joint venture manufactures and sells commercial trucks outside of its key North America customer base.

Caterpillar, Inc. reported $42.59 billion in 2010 sales and demonstrated a year-to-year positive 31.46 percent sales growth as recessionary pressures seemed to abate.

The company has total assets of about $64.02 billion. An impressive one-year net income growth of 201.68 percent and a net income of $2.70 billion caused some financial analysts to predict improved earnings by 2013.

Caterpillar, Inc. is ranked 58th in the Fortune 500 and 175th in the Financial Times Global 500.

Caterpillar Auto Insurance Competitive Markets

About 700 companies make up the U.S. construction and heavy machinery manufacturing industry. The total industry delivers annual revenues of about $25 billion. Caterpillar, along with Terex, Deere, CNH, Hitachi, Volvo, and Komatsu compete in the industry.

The 50 largest competitors — including Caterpillar — account for almost 85 percent of annual revenues.

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