Does Meridian Security Insurance Still Sell Insurance?

UPDATED: Feb 20, 2013

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Feb 20, 2013Fact Checked

Free Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Asked February 20, 2013

1 Answer

Meridian Security Insurance was a fire and casualty insurance company based in Indianapolis, IN. The company sold primarily auto insurance, and has since been absorbed into the State Auto Insurance firm. Meridian Security Insurance today is only a holding company within the larger corporation and does not sell new insurance policies any longer.

Read State Auto reviews.

Company History
Meridian Security Insurance was founded in 1967, in Indianapolis. During the financial turmoil of 2007-2008, Meridian Security Insurance was bought by a larger company, strategically increasing the coverage area of the new parent company. At the time of their acquisition, Meridian Security Insurance has total assets of more than 61million dollars and working capital of over 5 million.

Company Ratings
Meridian Security Insurance is not separately rated as a financial institution. Instead, the company inherits the financial grade rating of the parent company given by financial rating corporations such as the A.M. Best Company. As of May, 2012, State Auto Insurance was rated "A" (Excellent) and a long term outlook of "a." This was downgraded from the "A+" rating the company had previously enjoyed. State Auto Insurance has assets of greater than 750 million dollars, and is still considered a strong company even in light of their recent downgrade.

Insurance Products Offered
Meridian Security Insurance offered auto, home and business insurance. State Auto Insurance, the current owner of Meridian Security Insurance sells these and other types of liability and casualty coverage. Whether you are insuring a property, your business or a recreational vehicle, State Auto Insurance writes policies tailored to fit your specific needs.

Answered February 20, 2013 by Anonymous

Related Links

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

secured lock Secured with SHA-256 Encryption