Universal Auto Insurance

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Company Details
Address:

6600 AAA Drive

City:
Charlotte
State:
NC
ZIP Code:
28212
Phone Number:
1-800-258-0143
Year Founded
1899
AM Best Rating:
B+
Company Rating 3.33 (3 reviews)

Things to Remember...
  • Universal Auto Insurance offers property and casualty insurance to individuals and commercial businesses
  • Universal’s basic auto insurance policies for individuals vary only slightly from state to state
  • Inland marine coverage is a commercial category of plans that cover several industries related to inland marine fisheries

This Universal Auto Insurance review lends focus to the commercial aspect of the industry. This company’s parent company is The Seibel Bruce Group, Inc, which offers property and casualty insurance to individuals and commercial businesses.

Universal also offers coverage in a number of states across the country.

Universal Insurance Company’s property and casualty products cover your home, business, vehicles, and personal property.

To get auto insurance rates today, enter your zip code above and have your quotes in minutes.

Universal Insurance Company Plans

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Universal’s basic auto insurance policies for individuals vary only slightly from state to state. Even business coverage is similar, although there can be a big difference in the type of policy that is necessary from one business to another.

An example would be like comparing insurance for a car dealership versus insurance for an import/export business on the docks.

A business auto insurance policy for a car dealership requires general liability, as well as the following:

If the company is self-insured, they will require excess loss coverage. A car dealership will also require a huge comprehensive plan to cover weather conditions, theft, vandalism, and other acts that may damage the inventory.

The insurance company must also be prepared for collisions that could result from a test drive.

Universal Insurance Company may be able to help you save a few dollars with the multiple car or fleet discount offered to dealerships and other businesses with more than four or five vehicles.

A dealership usually has more than five employees that require worker’s compensation, and a healthcare plan as part of the company’s benefit package

Liability is always necessary when you have a business because there are too many instances that could land you in court.

Inland marine coverage is a commercial category of plans that cover several industries related to inland marine fisheries and import docks, as well as those that include exporting.

These types of businesses may or may not include dry dock transportation or water transport.

A business like this needs policy inclusions such as:

It is possible this business will not offer a group healthcare plan to its workers. It commonly depends on the size of the business. If it is a small fishing business, the likelihood is probably low.

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Universal Insurance Ratings

This company’s A.M. Best rating is B+ (Good), which indicates that the company is solvent. Solvency gives customers the reassurance that their premiums are in financially sound hands.

It is important to stay abreast of your insurance company’s rating if you continue to stick with the company.

Solvency gives customers the reassurance that their premiums are in financially sound hands. It is important to stay abreast of your insurance company’s rating if you continue to stick with the company.

This insurer rating was recently downgraded, however, based on A.M. Best’s outlook for its future. Most recently, the company’s underwriting decisions have come into question. These decisions resulted in huge surplus losses for 2010.

Universal Insurance Company Specialty Coverage

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Many insurance companies such as Universal Insurance offer specialty coverage as well as standard coverage. Specialty coverage is a niche in auto insurance that covers antiques, classic cars, hot rods, and similar types of vehicles.

Owners of specialty vehicles usually only drive them occasionally to trade shows, special occasions, or on Sundays.

Therefore, they can opt for coverage intended for vehicles driven less than 25,000 miles per year. Insurance for these vehicles places emphasis on

Insurance for these vehicles places emphasis on comprehensive coverage rather than liability.

Universal Insurance Company Careers

Building a career with Universal is not impossible if you live in North Carolina or Georgia, where they have their physical locations. You may be able to apply online for the position of choice.

This insurer has positions in the following fields: administration; finance; customer service; legal; actuary; underwriting; and management

Universal Insurance Company representatives will help you navigate the career process.

A person in an entry-level position with the company could further their career while maintaining their position with the company. Universal may even offer tuition reimbursement.

Universal Insurance Company Reviews

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Universal Insurance Company reviews are few in number. This could be considered a good thing for Universal in that there are less negative comments to draw from.

When there are several referenced online court cases, this is an indication that the company is not performing well.

To get auto insurance quotes in minutes, enter your zip code below and comparison shop several different insurance providers in your area!

4 Reviews

  1. Charity McNeely July 3, 2015
  2. pam freeman March 14, 2016
  3. Hedin Ray Mitchell May 20, 2016
  4. Elsa Gibbons March 29, 2017

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