Young America Insurance Review and Quotes
Get quotes from YOUNG AMERICA INSURANCE starting at $20 a month and save up to $500 a year. Call (855) 602-7724 or start your free online quote now!
After reviewing some of the top auto insurance providers in the industry, we found that the more transparent a company’s website is, the more confidently we can review coverage and service. With your company information condensed into two pages, it is difficult to get an initial idea of Young America Insurance on the website.
Young America Insurance Review
To set things straight, we’re going to dig into Young America’s reputation, coverage, cost, and claims process. Then we will compare Young America insurance to the best auto insurance companies of 2022.
The only way to know how much you will pay for car insurance is to get a quote. This is because prices vary based on your location, vehicle, and more. Enter your zip code below to start comparing the top auto insurance providers in your area.
About Young America Auto Insurance
We are owned by the policyholders and we are under the direction of a Board of Directors elected by its members.
Young America Insurance Company was incorporated on January 1, 1869, in Young America Township in Carver County, Minnesota. The records were recorded in German until May 11, 1919. The purpose of the company was not to make a profit but to be a mutual company and to serve the best interests of its members.
We write the fire hazard on farm and homeowners policies and package wind liability with North Star and RAM.
Our goal is to continue to provide the best insurance coverage at an affordable price. This was the purpose of the company in 1869 and it is still true today.
Peace of mind. . . Young America Insurance Company located in Glencoe, Minnesota can help you do just that with
a variety of insurance products. The peace of mind you get from “coming home” can also be achieved by selecting the
Young America Insurance specializes in insurance for your home, farm, hobby farm, cabin, and more.
We have several agencies in the area and local adjusters to provide local claim service. Have us inspect your property and
recommendations on safety issues. Call Young America Mutual today to find an independent agent in your area.
See what we can do for you!
Full Review About Young America Insurance
Young America Insurance was founded in 1952 by Rodney D. Young with the goal of covering high-risk drivers without stigmas or the threat of revocation of coverage.
This is a common concern in the insurance industry in general, because companies take greater financial risk by insuring you if you have a poor driving record, bad credit, or fall into one of many other high-risk categories. Getting car insurance as a teenager with little experience would put you at high risk, for example.
Here are some things to know about Young America Insurance:
- Young America insurance is available in Texas, Arizona, Colorado, New Mexico, Missouri, and North Carolina.
- The company is an insurance trustee, so your actual policy will be written by another auto insurance provider.
- Fred Loya Insurance Group bought the company in 2012 and offers very similar insurance coverage options.
- Young America Insurance is not accredited by the Better Business Bureau (BBB). The BBB logo appears on the home page of the Young America insurance website, but when you click on it, you are directed to the BBB page of a different business that does not appear to be associated with Young America. This is very misleading and in reality Young America is rated F with BBB.
Young America is advertised as a good fit for the following drivers:
- Young drivers
- Drivers looking for cheap car insurance rates
- Drivers considered “risky”
- Those looking for simple coverage
- Those looking for a small auto insurance company.
However, there are many red flags for Young America Insurance. For one thing, the vague website doesn’t provide much information on what to expect. The young America’s parent company, Fred Loya, also has poor ratings and reviews.
Young America Car Insurance Coverage
It offers all six standard types of auto insurance, plus rental reimbursement. If you are looking for more extensive coverage options, you would do better elsewhere. But if you only need basic car insurance coverage, Young America might be a good option.
It should be noted that some customer reviews mention additional coverages, such as roadside assistance and towing coverage, but they are not detailed on the website. The type of coverage you can get probably depends on the company that ultimately writes your policy.
Young America Insurance offers coverage for bodily injury (BI) and property damage (PD), two of the most common types of auto insurance.
These varieties cover injury or damage suffered by another driver when he causes an accident. Young America’s website also states that its liability coverage takes care of court and legal expenses in the event of a lawsuit.
This insurance covers damage to your own car after an accident. It may be necessary if you have a vehicle loan or lease.
Comprehensive auto insurance covers damage to your vehicle after non-collision events. Typically includes weather-related incidents, damage from tree limbs, and damage from animals. It also protects you in case of theft or vandalism.
Personal injury protection
This type of insurance is more typical in no-fault states when each driver’s insurance pays for their injuries regardless of who caused the accident. It can also cover funeral expenses, lost wages, and home services for the injured party.
If you don’t have extensive health coverage, this plan covers costs beyond what your health insurance company can cover in the event of a major accident.
It should be noted that another page on the Young America Auto Insurance website lists it as “medical coverage” and also specifies that it covers medical costs when you are injured as a pedestrian.
Insurance cost and discounts
Affordability is a strong selling point for Young America Insurance. Rates as low as $ 20 a month are advertised.
A blog post from the young America car insurance team details the factors taken into consideration when the auto insurance company determines insurance premiums and deductibles, including the weight of each factor as a percentage.
- Driving history: 30 percent
- Age: 15 percent
- Your vehicle: 15 percent
- Coverage: 10 percent
- Location: 8 percent
- Credit score: 7 percent
- Marital status and gender: 7 percent
- Mileage: 5 percent
- Occupancy: 3 percent
Despite the emphasis on cheap car insurance for high-risk drivers, you can see that your driving record accounts for about 30 percent of the decision.
With Young America Insurance, you can get the following discounts to lower your auto insurance cost.
- Discount for military and veterans
- Good discount for students
- Senior discount
- Teacher Discount
- Discount per vehicle in garage
- The discount for reduced mileage
- Its discount for bundling home and car insurance
How to request a Young America quote?
According to Young America Insurance, you can get a quote for up to 10 auto insurance companies in less than 5 minutes.
You will need to provide information including your zip code, the make and model of your car, your date of birth, and your driving history. You can also get a quote over the phone or by visiting a local office.
Due to negative reviews about the listing process, we urge clients to proceed with caution when setting up a policy. Many customers have complained about the rate increase after receiving lower quotes.
Use the following tool to collect and compare quotes from providers available in your state:
File a claim with Young America
There is very little information on the Young America Auto Insurance website about how to file a claim. We were unable to find a phone number or email address to contact a claims representative. Since this is a smaller insurance company, contacting your agent is probably the best route.
You should have information about the accident on hand, including:
- The names and contact information of everyone involved.
- Insurance details of other parties
- License plate numbers
- A detailed description of the accident.
- Photographs of damaged vehicles
A Young America representative will contact you within 24 business hours of submitting your claim. An appraisal will then be completed in person or, if the damage is minimal, using the photographs provided.
Multiple cars and / or risky drivers can save money
If you get a quote from an auto insurance company to insure a single vehicle, you could end up with a higher quote per vehicle than if you inquired about insuring multiple drivers or vehicles with that company.
Insurance companies will offer what amounts to a wholesale rate because they want your business. In some circumstances, they are willing to give you a deal if it means you will bring more.
Ask your insurance agent to see if you qualify. Generally speaking, multiple drivers must live in the same residence and be related by blood or marriage. Two unrelated people can also get a discount; however, they generally must be joint owners of the vehicle.
Student Discount On Coverage
If one of your drivers is a teenager, you can expect to pay more to insure it. However, if your child’s grades are a B average or higher or if they rank in the top 20% of the class, you may be able to get a nice student discount on coverage, which usually lasts until your child turns.
25 years. These discounts can range from 1% to 39%, so be sure to show your insurance agent proof that your teen is a good student.
By the way, some companies may also offer a discount on auto insurance if you have other policies with the company, such as homeowners insurance.
Allstate, for example, offers a 10% discount on auto insurance and a 25% discount on homeowners insurance when you combine them, so check to see if those discounts are available and applicable.
Conscious driving reduces costs
In other words, be a safe driver. This should go without saying, but in today’s age of increasing in-car distractions, it’s worth mentioning as much as possible.
The more aware you are, the more accidents or traffic violations you can avoid, events that increase your insurance rates. Travelers offers safe driver discounts of between 10% and 23%, depending on your driving history.
For those unaware, points are generally assigned to a driver for traffic violations, and more points can lead to higher insurance premiums (all other things being equal).
Take a defensive driving course
Sometimes insurance companies offer a discount for those who complete an approved defensive driving course. Drivers can also reduce the number of points they have on their licenses by taking a defensive driving, accident prevention, or other course.
Be sure to ask your agent / insurance company about this discount before signing up for a class. After all, it is important that the effort put into and the cost of the course translate into large enough insurance savings.
It is also important that the driver signs up for an accredited course. Each state has its own rules about accredited defensive driving courses, and GEICO allows you to check which ones are by state on its website.
Compare prices to get better premiums
If your policy is about to be renewed and the annual premium has risen dramatically, consider comparing prices and getting quotes from competing companies. Also, every year or two it probably makes sense to get quotes from other companies, in case there is a lower rate.
That’s because the insurer’s creditworthiness must also be considered. After all, what good is a policy if the business does not have the means to pay an insurance claim?
To do a verification of a particular insurer, consider visiting a site that rates the financial strength of insurance companies. The financial strength of your insurance company is important, but what your contract covers is also important, so make sure you understand that.
For an even easier experience, call (855) 518-0148 for free quotes.
1800 LEE TREVINO, SUITE 201
EL PASO, TX 79936-4117
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