Global Auto Insurance Review (2024)

Global International auto insurance conducts business as FM Global. They insure high-risk companies against certain losses like cargo loss and service interruption.

UPDATED: Jun 12, 2024Fact Checked

Maria Hanson

Insurance and Finance Writer

Maria Hanson grew up with a unique passion and understanding of both the automotive and insurance industries. With one grandfather in auto mechanics and another working in insurance, you could say automotive insurance is in her blood. Her love of research and finance serves her well in studying insurance trends and liability.  Maria has expanded her scope of expertise to home, health, and life...

Insurance and Finance Writer

Michael Vereecke

Commercial Lines Coverage Specialist

Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage.  Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences i...

Commercial Lines Coverage Specialist

UPDATED: Jun 12, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jun 12, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jun 12, 2024Fact Checked
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FM Global

Average monthly rate for good drivers:

N/A

A.M. Best rating:

A+

Complaint level:

Low

Pros

  • FM Global provides risk assessment reviews to ensure that companies have smaller risks as they run
  • FM Global insures high-risk companies against loss

Cons

  • Global International Insurance Company is not an auto insurance company
  • Global Auto Insurance Company has no affiliation with FM Global
[su_box title="Things to Remember..." style="#default”]
  • Global International Insurance Company is not an insurance company
  • FM Global provides risk assessment reviews to ensure that companies have smaller risks as they run
  • FM Global insures high-risk companies against loss
[/su_box] Global International Insurance Company, which does business as FM Global, is not an auto insurance company. However, a company they insure may have certain vehicle coverage if they choose Global International as their carrier. Instead, this insurance company insures high-risk companies against certain losses. Global International started small. In fact, they started so small that the company only consisted of a group of textile mills that were having trouble getting affordable insurance against loss for their businesses because of the dangerous nature of running a textile mill. Enter your ZIP code above to get your FREE online auto insurance quotes right now!

Global International started small. They started so small that the company only consisted of a group of textile mills that were having trouble getting affordable insurance against loss for their businesses because of the dangerous nature of running a textile mill.

FM Global specializes in providing commercial and industrial property insurance, not global car insurance. After doing some more research it’s known that this company also provides risk engineering and risk management solutions to businesses worldwide. The insurance that this company provides reviews and assesses all of the risks including fire, natural disasters, equipment breakdowns, and other property-related situations.

What You Should Know About FM Global

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History of FM Global

FM Global is a mutual insurance company that specializes in commercial and industrial property insurance and risk management solutions. This company isn’t a global car insurance company per se. They offer coverage in ways of property insurance, risk assessment and engineering, research and innovation, and loss prevention training.

FM Global has been around since 1835, making it one of the oldest insurance companies. Once called “The Manufacturers Mutual Fire Insurance Company of Rhode Island”, the names have evolved, but the company has managed to become one of the most prominent global insurance companies.

FM Global is a global insurance company that specializes in providing global assurance for commercial and industrial properties. As a recognized industry leader, FM Global offers specific coverage options to protect its assets and minimize loss.  FM Global is not a traditional insurance carrier. Nor is FM Global an underwriter.

FM Global is a Fortune 500 Company due to its size, financial strength, and influence in the insurance and risk management industry. FM Global is not considered a broker.

The CEO of this company is Malcolm C. Roberts.

The most current data suggests that FM Global has approximately 5,500 employees.

FM Global’s headquarters is located in Johnston, Rhode Island, and the corporate office is located in Washington, DC.

FM Global’s corporate office is located at:

2233 Wisconsin Avenue NW Suite 310
Washington, DC 2007
Phone: 1-800-226-0943

While FM Global is available all over the country and even all over the world, they don’t have offices in every state.

If you are looking for an office in a particular state and there isn’t one available, FM Global’s website will give you the address and phone number of the offices that are closest to where you are located.

FM Global Agents

While there are independent agents who are licensed to sell its products, FM Global does have its own team of agents that can provide you with the products that you are looking for.

It isn’t very likely that you will find many independent agents who sell FM Global products because FM Global doesn’t pay commission for the sale of their products.

If you want to speak with an agent, you only need to call the 800 number listed above.

FM Global Claims

If you have a claim, you need to call a customer support representative. The FM Global representative that you get on the phone to handle your claim is going to be the person who takes care of anything.

You won’t have to explain your loss again and again to different claims agents who don’t understand the full story of what is going on.

You can download a PDF file that allows you to fill out a claims form before you speak to a representative. This form will give you an idea of all of the information that you will need to file your claim.

In addition, this will also reduce the amount of time it takes to get your claims processed.

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FM Global Careers

Working for FM Global presents you with the opportunity to work in the United States or elsewhere in the world, as FM Global is an international company. In fact, FM Global has offices in more than 100 countries that you may be able to consider.

The benefits of working for FM Global include:

  • health insurance
  • dental insurance
  • vision insurance
  • retirement plans
  • paid vacation days
  • paid sick days
  • paid holidays
  • tuition reimbursement
  • annual bonuses.

Positions available at FM Global include Engineering. Information Services, Research, Accounting, Underwriting, and Claims.

They also have positions available for undergraduates who wish to work at the company as interns.

Check out online reviews from reputable sites such as Glassdoor or LinkedIn to review what it’s like to work for FM Global.

FM Global Quotes

Because of the nature of their business, you will not be able to get quotes from FM Global via an online instant quote tool. The reason for this is that the company works in risk assessment with high-risk businesses.

Any quote that you receive for your business will be tailored to your very specific needs, rather than it being based on the general risk factors calculated by other companies.

An adjustor will come and visit your place of business to assess the risk. In addition, the adjustor will give you tips on how to save on your insurance costs by making changes within your business that can increase safety.

If you are in the market for auto insurance, FM Global isn’t the company for you. Instead, enter your ZIP code below and compare auto insurance quotes right now! If you’re looking for global auto insurance you may have to do a little more research on companies that will be options for the specific country you will be in.

FM Global Insurance Coverage Options

Over time, the company grew to include other high-risk businesses and other insurance products. Although the company does focus on loss prevention, it also provides services such as risk assessment reviews to ensure that companies have smaller risks as they run.

Some of the other products offered by FM Global include:

  • All-risk property coverage
  • Business interruption coverage
  • Sustainable coverage
  • Boiler and machinery coverage
  • Cargo insurance

If you hear of a product being “FM Global Approved” it means that the product has met the company’s rigorous standards for safety, reliability, and performance.

FM Global’s standards are based on scientific research, engineering expertise, and decades of experience in property risk management.

The FM Global Standards are:

  • Building Construction and Design
  • Fire Protection and Suppression Systems
  • Electrical Systems
  • Equipment and Machinery
  • Natural Hazard Mitigation
  • Loss Prevention Practices

In fire protection and suppression systems, FM stands to recommend specific specifications for fire detection, alarm systems, sprinkler systems, fire extinguishing agents, and other fire protective measures.

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FM Global Insurance Rates Breakdown

Global car insurance rates can vary significantly depending on the country of residence, the type of coverage, the driver’s age and driving history, the make and model of the vehicle, and local insurance regulations.

In general, international auto insurance company rates tend to be higher in countries with higher levels of risk. Worldwide, car insurance reviews are very important to read. To get an accurate idea of auto insurance anywhere in the world, it’s essential to research specific countries and regions and compare quotes from multiple insurers.

Frequently Asked Questions

What is Global Auto Insurance?

Global Auto Insurance is a term that refers to insurance coverage for vehicles that extends beyond a single country’s borders. It typically provides coverage for vehicles used internationally, whether for personal or business purposes.

Numerous companies offer global car insurance coverage. When looking for good global automotive insurance be sure to review each company’s market position, financial stability, and services offered.

For auto insurance quotes check out reviews on the Auto Insurance website.

What does Global Auto Insurance typically cover?

Global Auto Insurance typically provides coverage for liability, collision, and comprehensive damage to your vehicle, regardless of the country you are in. It may also include coverage for medical expenses, personal injury protection, uninsured/underinsured motorist coverage, and emergency assistance services.

Do I need Global Auto Insurance if I plan to drive my car in another country?

If you plan to drive your car in another country, it is crucial to check whether your existing auto insurance policy provides coverage abroad. In many cases, your current policy may have limitations or exclusions for international driving. If your policy does not cover international driving, you may need to consider obtaining Global Auto Insurance or purchasing temporary coverage for the duration of your trip.

Can I purchase Global Auto Insurance for a short period of time?

Yes, it is possible to purchase short-term Global Auto Insurance coverage. Some insurance companies offer policies specifically designed for travelers or individuals who need temporary coverage while driving in another country. These policies can provide coverage for a few days, weeks, or months, depending on your needs.

How can I obtain Global Auto Insurance?

To obtain Global Auto Insurance, you can contact insurance companies that specialize in international coverage or consult with your current insurance provider. They can guide you through the process of acquiring the necessary coverage based on your international driving needs. It is important to provide accurate information about your travel plans and the countries you will be driving in to ensure appropriate coverage.

Are rental cars covered under Global Auto Insurance?

Some Global Auto Insurance policies may extend coverage to rental cars in other countries. However, it’s essential to review the terms and conditions of your specific policy or consult with your insurance provider to determine if rental cars are covered. In some cases, you may need to purchase additional rental car insurance from the rental company to ensure adequate coverage.

How do I file a claim with Global Auto Insurance?

If you need to file a claim with your Global Auto Insurance provider, you should contact their claims department. They will guide you through the claims process, provide the necessary forms, and assist you in documenting the incident. It’s important to report the incident as soon as possible and provide accurate information to expedite the claims process.

Can I customize my Global Auto Insurance coverage?

Insurance companies offering Global Auto Insurance often provide options to customize your coverage based on your specific needs. You may be able to choose different coverage limits, add endorsements or specialized coverage, and tailor the policy to your international driving requirements. Consult with your insurance provider to explore the available customization options.

Who are FM Global’s competitors?

Some of its competitors include:

  • AIG (American International Group)
  • Zurich Insurance Group
  • Allianz Global Corporate & Specialty (AGCS)
  • Chubb Limited
  • AXA XL
  • Berkshire Hathaway Specialty Insurance (BHSI)

What is the credit rating of FM Global?

FM Global has consistently maintained a strong credit rating from major rating agencies. The worldwide insurance company has an A.M. Best rating of an A+ (Superior).

Several insurance companies have a AAA credit rating. They include:

  • Swiss Re Group
  • Munich Re Group
  • Lloyd’s of London
  • Berkshire Hathaway
  • Allianz SE

What is FM Global known for?

FM Global is known for its expertise in providing commercial and industrial property insurance and risk management solutions.

IS FM Global a good company to work for?

This company is generally regarded as a good company to work for. The company has received positive feedback for its supportive work environment, competitive compensation and benefits, opportunities for professional development, and commitment to employee well-being.

FM Global does offer a pension plan to its employees as part of its comprehensive benefits package.

What is the mission statement of FM Global?

From the company’s website, the mission statement of FM Global is:

To be the world’s leading provider of property insurance, engineering-driven risk management, and property risk improvement solutions.

When did FM Global start?

The FM Global company name came to fruition in 2002.

Is AFM the same as FM Global?

No, AFM is not the same as FM Global. AFM, also known as American Farmers & Ranchers Mutual Insurance Company, is a separate insurance company that focuses on insurance coverage for farmers and ranchers in the United States.

What industry is FM Global?

They are an insurance and risk management industry. FM Global is not considered to be an underwriter. They are considered tobe a mutual insurance company.

What is the annual revenue of FM Global?  

FM Global, being a private company instead of public, does not publicly disclose its annual revenue. Its global presence, reputation, and global insurance reviews suggest that its annual revenue is substantial.

What is the full name of FM Global?

The full name is Factory Mutual Insurance Company.

The former CEO of FM Global was Shivan S. Subramaniam who served from 1999 to 2014.

The current CEO is Malcolm C. Roberts.

 

What are some global transportation insurance companies?

Global transportation insurance companies provide coverage for various risks associated with cargo, goods, and passengers across international borders.

Some companies that provide coverage like this are:

  • AIG
  • Chubb Limited
  • Zurich Insurance Group
  • Allianz Global Corporate & Specialty
  • AXA XL
  • Traveler’s Companies, Inc.
  • Liberty Mutual Insurance
  • MS Amlin
  • Swiss Re Group
  • Tokio Marine Holdings, Inc.

Where can I find the contact details for FM Global?

The FM Global Insurance Company phone number for the Washington DC office is (703)-860-4101.

The FM Global Insurance phone number for the Corporate Headquarters office is (401)-275-4949.

 

 

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Maria Hanson

Insurance and Finance Writer

Maria Hanson grew up with a unique passion and understanding of both the automotive and insurance industries. With one grandfather in auto mechanics and another working in insurance, you could say automotive insurance is in her blood. Her love of research and finance serves her well in studying insurance trends and liability.  Maria has expanded her scope of expertise to home, health, and life...

Insurance and Finance Writer

Michael Vereecke

Commercial Lines Coverage Specialist

Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage.  Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences i...

Commercial Lines Coverage Specialist

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Compare Quotes from Top Companies and Save

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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