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Secura Insurance Review 2022

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Secura Insurance is available in 13 states and sells multiple lines of insurance coverage. However, the company’s auto and home policies are only available as bundles and cannot be purchased individually. If you’re shopping for bundled policy options though, the carrier might be a good fit. Bankrate’s Secura Insurance review might help you decide if this carrier is right for your needs.

Perks Drawbacks
Sold by local agents Have to bundle; individual home and auto policies aren’t available
Low average premiums No mobile app
Strong sense of social responsibility Not rated by J.D. Power for customer satisfaction

While Secura is a lesser-known name in the insurance world, likely due to its 13-state availability, it may still be a contender for your car and home insurance coverage. If you’re looking for cheap rates for a home and auto bundle, Secura could be a good carrier. The company might also appeal to you due to its dedication to social responsibility, which is impressive considering its smaller size.

Secura car insurance | Bankrate Score: 4.0

Secura car insurance might be good for drivers who want to bundle their coverage with home insurance. The company sells its auto insurance as a package. You can choose from the Mile-Stone or Mile-Stone Gold. Both packages bundle auto and home coverage; you cannot buy just an auto policy with Secura. The packages have the advantage of a single deductible. If your car and home are damaged in the same event, you’ll pay just one deductible rather than both.

Secura car insurance is available in 13 states: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Pennsylvania, Michigan, Minnesota, Missouri, North Dakota, and Wisconsin.

Secura car insurance cost

On average, Secura car insurance tends to be relatively cheap. Full coverage car insurance with Secura Insurance costs an average of $897 per year, while minimum coverage averages $248 per year. For comparison, the national average cost of car insurance is $1,674 per year for full coverage and $565 per year for minimum coverage. The rate you pay will vary based on your personal rating factors, but according to our analysis of quoted annual premiums, Secura tends to offer low average rates for a variety of situations.

Secura average annual full coverage premium National average annual full coverage premium
Clean driving history $897 $1,674
Speeding ticket conviction $1,256 $2,062
Adding a 16-year-old driver* $1,716 $2,531
At-fault accident $1,065 $2,311

*16-year-old rates reflect the added cost to their parents’ full coverage car insurance policy.

Secura car insurance discounts

Although Secura’s average rates are already low, you may be able to take advantage of the company’s discounts to lower your premium even more.

  • Hybrid car: If you own or lease a hybrid vehicle, you might qualify for a premium reduction.
  • Financial stability: If you have good credit, you could get an additional discount on your premium.
  • Valued policyholder: Many companies offer loyalty discounts and Secura is no exception; the longer you maintain your policy, the more you could save.

Car insurance discounts may vary by state. Talk with a Secura representative to determine the best ways to save on your auto insurance.

Secura car services

In addition to insurance products, Secura offers safety resources that might help you avoid claims and damage. You might also be able to purchase roadside assistance coverage, travel coverage and accident forgiveness for a more robust policy.

Secura home insurance | Bankrate Score: 2.5

As with auto insurance, Secura only sells home insurance via a package with auto, so it could be a good choice for those who want to bundle their policies. Coverage is available in the same 13 states where auto insurance is sold. Although Secura isn’t one of Bankrate’s choices for the best home insurance companies, you might still want to get a quote if you are looking for a cheap auto and home bundle.

Secura home insurance cost

Just like with its auto coverage, Secura’s home rates tend to be cheaper than average. For a home policy with $250,000 in dwelling coverage, Secura policyholders pay about $715 per year on average. That is significantly lower than the national average cost of home insurance, which is $1,312 per year for the same coverage. In fact, Secura’s average rates are cheaper than the national average across a range of coverage levels, as demonstrated by the table below. Keep in mind that your rates will vary based on your own personal rating factors.

Dwelling coverage limit Secura average annual premium National average annual premium
$150,000 $498 $898
$250,000 $715 $1,312
$350,000 $988 $1,723
$450,000 $1,236 $2,148

Secura home insurance discounts

Many of Secura’s discounts can be applied to both home or auto policies, like the financial stability discount. Here are some additional ways you might be able to save on Secura home insurance:

  • Early quoting: If you get a quote for your Secura home and auto bundle prior to the effective date, you could earn a discount.
  • New home: Homes that were built within the last 10 years might qualify for this credit.
  • Umbrella coverage discount: If you buy an umbrella policy for excess liability coverage, you could lower your home insurance premium.

As with the auto insurance discounts, the home insurance discounts could vary by state, so talking with Secura directly is the best way to know which options you qualify for.

Secura home services

If you are looking to build out your coverage a bit, Secura has a few endorsement options. You could add identity theft insurance, which could help pay for the cost of restoring your stolen identity. Additionally, Secura offers underground service line coverage, which can help pay for damage to buried service lines like your gas and water.

Other Secura perks worth considering

Although a smaller company, Secura offers numerous insurance products. In addition to the auto and home bundle options, you might be able to buy the following types of insurance from Secura:

  • Renters
  • Umbrella
  • Business & non-profit
  • Farm & agriculture
  • Special event
  • Sports & recreation
  • Health club

Secura social responsibility

Secura may be a smaller insurance company, but it doesn’t skimp when it comes to giving back. The carrier places an importance on social responsibility and supports numerous community programs through its Community Commitment program. Secura also maintains a Sustainability Committee to help the company reduce its environmental impact.

Not sure if Secura is right for you? Consider these alternatives

Secura may be a solid choice for insurance, but that doesn’t mean it’s right for everyone. If you’re in the market for a new car or home insurance policy, you might want to consider these other companies:

  • Erie: Erie is a regional provider that is available in many of the same states as Secura. With Erie, though, you can buy policies individually, so it might be a good choice if you aren’t sure if you want to (or aren’t able to) bundle your policies.
  • Geico: Geico is available nationwide and is known for cheap rates. If you don’t live in one of Secura’s available states and are looking for cheap policies, Geico might be a good fit.
  • Travelers: Travelers offers one of the more impressive suites of optional home insurance coverage types on the market. If you’re looking for a more robust home insurance policy, you might want to get a quote from Travelers.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 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:

Auto

  • $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 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

Age: Rates were calculated by evaluating our base profile with the age 16 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Hawaii rates indicate age is not a contributing factor.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), single speeding ticket and a single DUI conviction.

Homeowners

  • Coverage A, Dwelling: $150,000, $250,000, $350,000, $450,000
  • Coverage B, Other Structures: $15,000, $25,000, $35,000, $45,000
  • 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.

Bankrate Score

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by
Insurance Editor