Factory Mutual Car Insurance Review [2020]

Factory Mutual car insurance is not for sale because Factory Mutual focuses on business-risk products. FM has an A+ financial rating from AM Best.

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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: Oct 25, 2020

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Company Details
Address: 270 Central Avenue
City: Johnston
State: RI
ZIP Code: 02919-4949
Phone Number: 401-275-3000
Year Founded: 1835
AM Best Rating: A+ (Superior)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • Factory Mutual is a well-respected insurer
  • They do not insure personal vehicles
  • If you’re looking for personal car insurance, comparing rates of several companies will help you find which one is the best fit for you

The FM Global name encompasses the company’s mutual insurance and affiliated holdings. Factory Mutual Insurance Company specializes in risk management products for businesses, not car insurance for individuals.

Factory Mutual Origins

The company started in 1835 by insuring mill owners. In 1850, the owner created the Boston Manufacturers Mutual Fire Insurance Company. Its effects are still seen in the research branch of the company.

Since 1998, the company has run its mutual insurance and research companies under the FM Global name.

To compare car insurance rates online from many top companies just enter your zip code above!

Industry analysts Fitch and A.M.Best both give Factory Mutual very strong ratings for financial strength. This is now an international property insurance and loss prevention company.

It helps businesses to reduce and manage the risk that they could experience loss due to equipment failure, fire or weather.

The company will send claims specialist to meet with clients before anything happens to discuss loss prevention tactics. Claims representatives are available 24 hours a day.

While this background is helpful if you are seeking business insurance, it’s not so helpful if you need a personal car insurance policy. Car insurance companies abound and are just waiting to offer you an estimate and get your business.

To help you find car insurance to meet you needs:

  • Visit websites
  • Call independent agents listed in your local phone book
  • Use an online tool that will return several auto insurance quotes to you at one time

After you have a couple of rate quotes you can look for reviews on companies to help you get the car insurance coverage you need.

Save some time and money and enter your zip code into the free tool on this page and get free quotes from many top companies!

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