Addison Car Insurance Review [2020]

Addison car insurance writes policies in 43 states. They offer personal car insurance and are also a primary underwriter of fire, marine, and casualty insurance.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 25, 2021

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Company Details
Address: 118 2nd Avenue SE
City: Cedar Rapids
State: IA
ZIP Code: 52401
Phone Number: 319-399-5700
Year Founded: 1990
AM Best Rating: A (Excellent)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • Addison Insurance Company offers a wide variety of coverage options
  • The company insures garages and used car dealers in certain states
  • Customers have registered very few complaints concerning Addison Insurance


Addison Insurance Company, owned by United Fire Group, is an active personal and commercial car insurance and specialty property and casualty lines company headquartered in Iowa.

The company rewards good drivers with lower rates. Addison reduces car insurance rates for drivers with no accidents and traffic violations.

The company is licensed to write

  • allied coverage
  • burglary and theft
  • physical damage
  • fire
  • forgery
  • glass
  • inland marine
  • general liability insurance

They are a primary underwriter of fire, marine and casualty insurance.

Addison writes policies in 43 states.

The company has regional hub offices located in Westminster, Colorado and Galveston, Texas. Addison Insurance was formerly known as Addison Farmers Insurance Company until a name change in 1997, according to the Iowa Insurance Division.

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Addison Insurance Coverage

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In addition to the coverage listed above, the company insures garages and used car dealers in Iowa, Arkansas, Missouri, Nebraska, Minnesota, North Dakota, South Dakota and Wisconsin.

Addison’s business model provides cost-effective insurance programs for non-franchised car dealers.

Small and medium-sized dealers receive insurance plans tailored to their specific needs. Addison’s Loss Control division helps clients achieve a safe work environment to reduce the on-site claims and paperwork associated with filing claims.

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Addison Insurance’s stock trades on NASDAQ (Symbol: UFCS). In 2009, the company earned $23.66 million in gross revenues and $5.14 million net. The company reports assets increased from about $2.7 billion in 2008 to approximately $2.9 billion in 2009.

According to A.M. Best, the company has paid dividends to shareholders since 1968.

The company has an “A” rating with A.M. Best, and Hoovers considers the company medium risk.

Addison Insurance Company appears to have few registered complaints from customers with whom it does business.

For example, customers in Missouri lodged 2 formal complaints in 2009, compared with an index of 55 for the property and casualty insurance competitive universe.

There were no known formal complaints lodged about the company’s practices or policies in the state of Iowa in 2008 and 2009.

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Average Monthly Car Insurance Rates by State