Pennsylvania National Auto Insurance Review (2023)
Looking at Penn National auto insurance company? They offer property and casualty insurance to clients and have a financial rating of A- (Excellent) by A.M. Best.
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Written by
Rachel Bodine |
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Reviewed by
Daniel Walker
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UPDATED: Sep 30, 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 30, 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.
On This Page
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Penn National Insurance
Average monthly rate for good drivers:
N/AA.M. Best rating:
A-Complaint level:
LowPros
- Penn National Insurance provides individual and commercial property and casualty insurance to clients.
- Pennsylvania National ranks in the top 10 percent (102nd) of 1,000 property and casualty underwriters in the U.S. based on net premiums.
- The company is rated A- (Excellent).
Cons
- The company focuses on a nine-state, East Coast marketplace.
The Bottom Line
The company was founded in 1919 by a farmers’ group that was angry about the cost of workers’ comp coverage. They knew it was possible to drive down the high costs of liability insurance.
Pennsylvania National started to offer other insurance lines to suit the needs of its clients.
Rather than the company’s initial agricultural business focus, Pennsylvania National now tends to the needs of service-focused businesses.
Pennsylvania National started to offer other insurance lines to suit the needs of its clients.
Rather than the company’s initial agricultural business focus, Pennsylvania National now tends to the needs of service-focused businesses.
The company, operating as Penn National Insurance, provides individual and commercial property and casualty insurance to clients in Pennsylvania, 40 percent of its business, Maryland, Delaware, New Jersey, North Carolina, Virginia, South Carolina, Alabama, and Tennessee.
Personal auto insurance policies account for about 26 percent of direct premiums written, according to the 2010 Annual Report.
Homeowners, private auto, and umbrella coverage aren’t available in Alabama, South Carolina, and Delaware. Inservco Insurance Services Inc., a third-party claims administrator subsidiary, helps self-insured clients manage risk.
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Pennsylvania National vs. Competitors
Pennsylvania National competes most often with three other national auto insurance companies, Liberty Mutual, State Farm, and Allstate.
The company competes with Geico, Nationwide, Progressive, Farmers Group, The Travelers Companies, and The Hartford in its regional marketplace.
Personalized service and cost-effective property and casualty insurance services are its greatest claimed competitive advantages.
Some of its competitors, such as Allstate, operate on thin profit margins of about 4.18 percent. The Travelers enjoy wider profit margins of 13.49 percent in the regional market.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
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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