New South Auto Insurance Review (2022)
New South Insurance, now owned by National General Insurance, is a property and casualty company based out of Winston-Salem, NC. It was founded in 1952.
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Written by
Rachel Bodine |
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Reviewed by
Daniel Walker
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UPDATED: Sep 24, 2022
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: Sep 24, 2022
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.
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New South Insurance Company
Average annual rate for good drivers:
N/AA.M. Best rating:
N/AComplaint level:
LowPros
- As an independent agency, they would represent many different auto insurance carriers in all the categories they offer
- New South Insurance is now owned by National General Insurance
Cons
- They do not maintain a dedicated web presence.
The Bottom Line
According to the most recent business filings for New South Insurance Company, they had total assets of $68.29 million, working capital of $3 million, and a policy surplus of $25.1 million. These numbers suggest that the previous assumption of New South being a regional insurance provider or agency is probably accurate. A national insurance carrier would have numbers in the hundreds of millions of dollars.
In all likelihood, New South is either a regional insurance carrier or an independent agency.
If they are regional carrier it would not be unreasonable to assume that they employ a network of independent auto insurance agents throughout their areas of coverage.
Doing business in this way would allow them to sell and service as many policies as possible in a way that is both efficient and locally attractive.
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New South vs. Competitors
Because New South maintains such a low profile it is nearly impossible to find either customer reviews or financial stability reviews.
After a thorough search of the company name, we were unable to uncover any useful information in this area.
However, the fact that New South remains in business after nearly 60 years indicates that must have enough satisfied customers and strong enough financial footing to succeed.
Being unable to find customer or financial strength reviews indicates the strong possibility that New South is an independent agency rather than a regional carrier.
In the arena of rating auto insurance companies, customer reviews tend to focus solely on carriers and not agents.
And in terms of financial strength ratings, those ratings only apply to the originators and underwriters of policies.
At the end of the day, all indications seem to point to the fact that New South is a local agency.
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.
|
Written by
Rachel Bodine |
|
Reviewed by
Daniel Walker
|
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