This car insurance review uncovers the history of this German-based company formed in 1868.
The original name was Frankenmuth Garage Company and auto policies were available for $7.50 premiums with a $1.00 policy fee.
In 1921, stockholders established a charter and the new name became, Frankenmuth Mutual Auto Insurance Company.
More About Frankenmuth Mutual
The company expanded its service to the US in Michigan and added 200 subscribers in the 1920s. Although they have come a long way from 1868, premiums are still affordable.
They are now members of an insurance pool of four other companies, gradually American Insurance Company, Fortuity Insurance Company, Asure Worldwide Insurance Company and Patriot Insurance Company.
Their financial rating issued by A.M. Best Company, a staple in the worldwide consumer business rating community since 1899, is A (excellent).
Frankenmuth now serves 14 states in the US. The company pool acquired Patriot Insurance, which is located in Maine, around 2008. Storms in the midwest affected finances along with other financial risks.
In 2009, these negatives were offset by an upswing in operation performance and capitalization.