Arrowhead insurance review 2022
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At a glance
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- Provides numerous speciality insurance solutions
- May have options for hard-to-insure risks
- Neither personal auto nor home coverage is currently available
- Coverage options will depend on the underwriting company and state
Founded in 1983, the Arrowhead General Insurance Agency provides solutions for agents looking to insure hard-to-place risks. While the company doesn’t underwrite its own products, there are several types of coverage available. Bankrate’s Arrowhead Insurance review takes you through the company’s offerings to help you understand if the carrier meets your needs.
Arrowhead car insurance
Because Arrowhead is a “general agency” and not actually a car insurance company, its auto policies were underwritten by other companies, not by Arrowhead directly. However, Arrowhead is no longer offering personal auto policies, although existing policies may still be in force in Alabama, California, Georgia and South Carolina.
Arrowhead car insurance cost
Arrowhead car insurance is not an available product right now, so average rates are not available. However, you can still get an idea of what your car insurance costs might be by analyzing average rates. Nationally, car insurance costs $1,771 per year for a full coverage policy. However, numerous factors make up your price, so your rate will be different based on your unique circumstances. The table below shows the average annual cost for full coverage insurance based on a number of driver profiles.
|National average full coverage premium|
|Clean driving history||$1,771|
|Adding a 16-year-old driver*||$3,852|
Arrowhead car insurance discounts
Arrowhead’s car insurance discounts would have been dependent on the carrier’s underwriting company for its personal auto product. Because personal auto coverage is not currently available, discount information is also not available.
Arrowhead car services
Arrowhead did not offer any additional services related to vehicles. However, some commercial vehicle products are available, ranging from coverage for towing companies to coverage for ambulance services.
Arrowhead home insurance
Arrowhead home insurance, specifically HO-3 coverage, is underwritten by Universal North America Insurance Company and was sold in nine states. Just like with its car insurance product, Arrowhead is not actually a home insurance company, but rather a broker. However, the program is currently closed and policies are no longer being written. When it was available, coverage was fairly robust, with Universal North America offering several endorsements, including identity fraud coverage, seasonal or unoccupied home coverage, scheduled personal property coverage and home equipment protection. Coverage options may have varied by state.
Arrowhead home insurance cost
Because Arrowhead’s home insurance program is currently closed, no rates are available. However, the average cost of home insurance is $1,383 per year for a policy with $250,000 in dwelling coverage. Generally, the more coverage you need, the higher your premium will be. You’ll also pay more for added protections such as sewer backup coverage or service line coverage.
|Dwelling coverage limit||National average annual premium|
Arrowhead home insurance discounts
Neither Arrowhead nor Universal North America Insurance Company lists home insurance discounts online.
Arrowhead home services
Arrowhead does not offer any additional home services outside of its home insurance product.
Other Arrowhead perks worth considering
Arrowhead provides solutions for numerous specialty products. These offerings include:
- Dwelling fire (landlord)
- Personal umbrella
- Residential earthquake
- Private events
Various business and speciality insurance products are also available.
However, remember that Arrowhead isn’t an insurance company, it’s a “general agency.” This means that your insurance won’t be underwritten by Arrowhead itself. Your policy may come from one of several underwriting companies that Arrowhead uses, depending on the product you choose and the state you live in.
Arrowhead corporate sustainability
Because Arrowhead uses various insurance companies to facilitate its products, sustainability programs will depend on the specific company sells your product.
Not sure if Arrowhead is right for you?
If you’re shopping for a new home or car insurance carrier, Arrowhead won’t be an option right now. That doesn’t mean you’re out of luck, though. There are plenty of options out there for a variety of different insurance needs.
- Geico: If you’re looking for plenty of car insurance savings opportunities, Geico could be a good choice. The company offers plenty of discounts that could help you save. However, just like Arrowhead, Geico doesn’t underwrite its own home insurance policies.
- SafeAuto: Arrowhead started by offering non-standard auto insurance coverage to high-risk drivers, but since it doesn’t currently write personal auto coverage, SafeAuto could be a good choice if you have a less-than-stellar driving record.
- Erie: If Arrowhead’s array of home insurance endorsements is appealing to you, check out Erie insurance, too. The company is only available in 12 states and Washington, D.C., but offers a long list of add-ons for robust home insurance coverage.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our sample drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.
Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts.
Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), single speeding ticket and single at-fault accident.
- Coverage A, Dwelling: $150,000, $250,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $15,000, $25,000, $35,000, $45,000, $75,000
- Coverage C, Personal Property: $75,000, $125,000, $175,000, $225,000
- Coverage D, Loss of Use: $30,000, $50,000, $70,000, $90,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
These are sample rates and should be used for comparative purposes only. Your quotes will differ.