Principal Auto Insurance Review (2020)

Principal auto insurance is not one of the policies offered by Principal Financial Group, the #3 provider of group insurance for dental, life, and disability. Principal car insurance quotes are not currently available, and Principal auto insurance reviews will focus on their other products that may provide coverage after a car accident.

Free Auto Insurance Comparison

 Secured with SHA-256 Encryption

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

Full Bio →

Written by

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 ex...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Aug 11, 2020

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.

Company Details
Address: 711 High St.
City: Des Moines
State: IA
ZIP Code: 50392
Phone Number: 1-800-986-3343
Year Founded: 1879
AM Best Rating: A+
Company Rating 0 (0 reviews)

Things to remember...

  • Principal is a global investment firm founded back in 1879.
  • Principal auto insurance is not an available policy option from the global investment firm.
  • Principal is the #3 provider of group insurance for dental, life, and disability.

Principal Financial Group (Principal) specializes in money management and retirement plans. Our detailed Principal Auto Insurance review has the answers to these questions as well as a rundown of Principal Insurance, contact info, claims process, and quote options.

Can you purchase a Principal car insurance policy from the company? Does Principal offer health insurance? Will Principal help manage auto insurance policies from third parties? What kind of insurance does Principal offer? Can you bundle your auto insurance with existing plans for a Principal Auto Insurance discount?

If you’re interested in receiving quotes from the best auto insurance companies, then try out our free online quote option. Before starting this Principal auto insurance review, type in your ZIP code and we’ll send you a list of local, detailed quotes in no time. It’s that easy.

Does Principal sell auto insurance?

Principal is better known as an investment firm that offers long term retirement planning, but does Principal offer auto insurance as well?

Unfortunately, no. Principal Auto Insurance is not a coverage option that the company offers to its policyholders. That doesn’t mean you should try driving without insurance; although you definitely won’t find a Principal Auto Insurance contact number, those interested in purchasing auto insurance should probably look to a third party auto insurance company for available coverage plans.

Even though Principal does not sell auto insurance, we have provided you with some average rates for auto insurance by state in the table below. That way you don’t walk away completely empty handed from this review.

Average Annual Comprehensive Auto Insurance Rates by State
StatesAverage Annual Comprehensive Auto Insurance
Rates
Oregon$89.66
Maine$96.66
California$99.29
Hawaii$100.09
New Hampshire$103.03
Washington$104.11
Utah$106.57
Florida$110.12
Idaho$110.78
Ohio$112.74
Delaware$113.23
Indiana$115.02
Nevada$116.79
Illinois$117.98
Vermont$118.31
Rhode Island$122.17
North Carolina$123.00
New Jersey$123.18
Connecticut$126.02
Wisconsin$126.34
Massachusetts$128.92
Virginia$129.89
Kentucky$130.15
Pennsylvania$132.01
Tennessee$135.62
Countrywide$138.87
Alaska$141.08
Alabama$146.28
Maryland$146.77
Michigan$147.02
Georgia$153.61
New York$156.66
Colorado$158.34
South Carolina$165.38
Missouri$166.34
New Mexico$166.89
Iowa$171.58
Minnesota$173.04
Arkansas$183.36
Arizona$184.20
Texas$186.70
Mississippi$194.74
West Virginia$195.04
Montana$199.87
Oklahoma$201.56
Nebraska$206.24
Louisiana$208.59
Wyoming$222.86
Kansas$225.34
North Dakota$227.64
South Dakota$228.59
District of Columbia$230.25
Get Your Rates Quote Now

Compare RatesStart Now →

What type of insurance, if any, does Principal offer its clients? In addition to financial planning, Principal offers its clients both health and life insurance options. These are sold to employers on the group level, but individuals are also encouraged to purchase coverage as well.

The company does provide health insurance options for its clients, but Principal’s focus in the insurance market seems to be directed in the life and disability field.  You can get a better idea of what type of retirement planning Principal life insurance offers by watching the video below.

As seen in the video, Principal life insurance coverage can payout in many ways not only related to death. Cash value of the life insurance and Principal accident insurance can be taken from your life insurance premiums that you pay monthly. It almost works like a savings account that can be drawn from if the need occurs.

The video below helps to better explain how Principal’s financial planning divisions match up with both life insurance and retirement planning. The brief overview also gives you an idea of what the company strives to do for its customers.

The video above paints a good picture of Principal’s mission statement, but what exactly does the financial planning division of the company do for its clients?

As far as long term planning, the U.S. Government Accountability Office reports that about half of U.S. households 55 or older approach retirement with no savings for the future. This is exactly the type of instance that a financial group like Principal would help its clients avoid. They help manage clients’ assets and turn their earnings today into savings for tomorrow.

Free Auto Insurance Comparison

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

 Secured with SHA-256 Encryption

Is Principal Financial Group a good company?

There are obviously no Principal Auto insurance reviews, but Principal insurance ratings suggest the company is well received by its customers; according to the consumer watchdog agency the Better Business Bureau (BBB), Principal received an A+ rating in its hometown of Des Moines, IA for overall customer satisfaction.

A.M. Best, the top credit ranking agency in the insurance industry, recently granted Principal and all its subsidiaries an A+ rating. This rating shows that Principal is a sound financial investment for the short and long term, as it should be for a financial planning company.

Since Principal does not offer car insurance, you should try out our free online quote option to receive quotes from multiple auto insurance companies. You just need to type in your ZIP code, and we’ll take care of the rest. It’s that simple.

Where is Principal located?

Principal Financial Group’s address is 711 High St., Des Moines, Iowa, 50392. The financial investment management and insurance company also has locations worldwide. Interested clients can search online from the company’s website to find the nearest local Principal office.

Does Principal have agents?

Although there is no Principal auto insurance phone number, the Principal insurance group has dedicated financial advisors and brokers that are more than willing to assist you in purchasing a coverage plan or answering any of your questions. Your nearest financial advisor can be located by using the search options on the company website.

Most practices have moved online, however, clients can still either contact their broker directly or call the Principal customer service phone line.

General questions about financial advising and insurance options can be directed to a Principal operator, auto insurance excluded, Mon.-Fri., 7 a.m.-7 p.m. CT, at: 1-800-986-3343

Retirement plan participants should call: 1-800-547-7754​
Open Mon. – Fri., 7 a.m. – 9 p.m. CT

Free Auto Insurance Comparison

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

 Secured with SHA-256 Encryption

How do I file a claim with Principal?

To file a claim, clients need to complete and submit the appropriate Principal accident insurance claim form either by mail, email, or fax.

  • Mail: Principal Life Insurance Company
    Attn: Group Life & Disability Claims Department
    711 High St.
    Des Moines, IA 50392-0002
  • Email: [email protected]
  • Fax: 1-800-255-6609

To file a wellness claim, clients can complete and submit a claim online after logging in through the Principal insurance login portal from the website.

  1. Once you’re logged in, click on My Accounts and select Accident Coverage.
  2. Next, click on How To Submit A Claim? and select Accident – Wellness.
  3. Then, click on How do I submit an accident wellness/screening claim?
  4. Finally, click on Claim Submission Form and enter the requested information.

Keep reading to learn how to get a quote from Principal.

How do I get a quote from Principal?

Currently, there are no online alternatives provided by Principal to receive a quote. The company encourages or contacts local sales offices to receive quoted estimates for health and life insurance policies.

Principal Auto Insurance: The Bottom Line

Principal car insurance is not an available policy option from the financial advising insurance company, so you won’t be seeing any Principal Insurance car commercials for insurance coverage anytime soon.

If you are considering when is the best time to drop full coverage auto insurance from your existing plan, Principal financial advisors may be able to assist you in the financial aspects of dropping coverage while possibly directing you to affordable auto insurance providers. However, the help starts and stops with the advising of finances as Principal will not provide any form of auto insurance.

Principal is first and foremost a financial and long term retirement advising company with ties to the life and health insurance markets.

Although you can’t get Principal auto insurance, we can get you some quotes. Try out our free online quote option. Type in your ZIP code, and within seconds, you’ll receive quotes from multiple auto insurance companies in your area. Get car insurance for the principal driver in your home and other drivers as well.

Free Auto Insurance Comparison

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

 Secured with SHA-256 Encryption

Frequently Asked Questions: Principal Auto Insurance

Here are a few frequently asked questions.

#1 – Is there a Principal auto insurance login portal to file claims?

Principal does not currently offer auto insurance, so there are no online features for auto claims. Principal does offer online filing for wellness and disability claims.

#2 – Can you purchase a separate Principal driver auto insurance policy?

Principal only offers insurance in the health and life insurance markets. The company does not offer any type of driver-based auto insurance policy to clients. In the event of an injury caused by an auto accident, Principal health insurance or disability may pay for injuries, but generally, these are covered by liability coverage from either driver’s auto insurance policy.

#3 – Where can I get a Principal auto insurance quote?

Principal does not sell auto insurance, but interested clients can check on the company website to find a local financial advisor to receive a quote on life and health insurance. There is a Principal car insurance in Ireland, but it is not the same company. There may be close Principal Insurance to you, as there are other companies with similar names, but again they are not related to this company.

Free Auto Insurance Comparison

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

 Secured with SHA-256 Encryption