Founders Car Insurance Review & Ratings (2023)

Founders Insurance Company, a non-standard insurer, sells car insurance in Illinois, Indiana, Ohio, and Wisconsin. Higher-risk drivers, people with international licenses, and folks with poor credit can secure affordable Founders car insurance, as the company offers flexible underwriting with no credit requirements. Founders car insurance rates are not publicly available, but the company does provide multiple car insurance discounts, including multi-car, transfer, and renewal discounts.

UPDATED: Jun 28, 2022Fact Checked

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Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Written by Chris Tepedino
Insurance Feature Writer Chris Tepedino

Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent Laura Walker

UPDATED: Jun 28, 2022

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Company Details
Address: 1350 E. Touhy Avenue, Suite 200W
City: Des Plaines
State: Illinois
ZIP Code: 60018
Phone Number: (847) 768-0040
Year Founded: 1901
AM Best Rating: A (Excellent)

Founders Insurance Company sells low-cost car insurance in Illinois, Indiana, Ohio, and Wisconsin.

As a non-standard insurance company, Founders Insurance offers non-owner policies, coverage for international licenses, people in need of SR-22 insurance, and policies for folks with poor driving records.

In this Founders Insurance company review, learn how to request a quote, file a claim, and compare customer reviews and financial rankings to help you determine if this is the right car insurance company for you.

After learning about affordable Founders car insurance, make sure you enter your ZIP code into our free quote comparison tool above to receive rates from the best companies near you.

What is Founders Insurance Company?

Founders car insurance company is a non-standard insurer that sells car insurance to drivers in Illinois, Indiana, Ohio, and Wisconsin.

This company offers flexible underwriting and personalized coverage with no credit requirements, according to the website.

For coverage, you can purchase traditional car insurance basics from Founders Insurance that meet at least the legally required limits in the states where it operates.

This includes liability, uninsured motorist, collision, and comprehensive coverage. You can also purchase medical payments (MedPay) coverage, at least in Wisconsin, where it is a state-mandated insurance type.

Founders also sells car insurance to high-risk drivers, those needing SR-22 insurance, international licenses, and more.

The company also offers non-owner policies, plus additional accidental death benefits and legal expense coverage.

Founders Insurance does not currently provide a mobile app to customers. However, the company does offer a web link specifically compatible with mobile viewing.

So instead of downloading an app, drivers can visit the mobile web page and use their Founders insurance login to access their customer portal while on the go.

In the customer portal, you can pay your bill, file claims, make changes to your policy, and see further details about your car insurance coverage.

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How much does Founders car insurance cost?

Unfortunately, Founders car insurance rates are not publicly available at this time.

But if you do request Founders insurance quotes, you can compare them to the national average and the average rates in the state where you live.

According to the National Association of Insurance Commissioners (NAIC), the average cost of car insurance in 2018 was $99.16 per month or $1,190 annually.

In the table below, see the average annual cost of car insurance in the states where Founders Insurance sells policies.

Average Annual Car Insurance Rates by State
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Keep in mind that many different variables impact your car insurance costs, and car insurance regulations and laws vary by state. For example, your ZIP code, age, driving record, car model, and coverage requirements heavily influence the price of your car insurance policy.

So to truly find the best coverage for you, compare quotes online from multiple different companies.

How do you request a Founders car insurance quote?

All Founders insurance policies are sold by independent car insurance agents contracted with the company.

Independent agents sell various insurance products but typically remain loyal to the customer rather than one specific company.

So this means you cannot request Founders car insurance quotes online, not even on the company website. Instead, you must use the website’s agent locator tool to find the representative closest to you.

Once connected, they will provide you with a Founders quote but may also offer you policies from other companies they’re contracted with as well.

How do you file a Founders car insurance claim?

There are a few ways to report a Founders car insurance claim. First, visit the company website and navigate to the claims department. There, you’re asked to complete a small form and provide details about the incident.

Alternatively, you can log into your Founders account on either the mobile web page or the main website and report your claim there.

Finally, you can call the claims department directly.

The Founders insurance phone number for claims is open Monday through Friday during regular business hours. It also accepts calls about new losses on Saturdays until noon.

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Does Founders Insurance provide car insurance discounts?

Founders Insurance does offer some stackable car insurance discounts to drivers. However, savings amounts and availability may vary by state.

At this time, you can earn multi-car, transfer, homeowner, and renewal discounts from Founders Insurance.

Other discounts may be available as well, but you’ll need to ask an agent for more specific information.

What is the Founders Insurance cancellation policy?

To cancel your Founders Insurance car insurance policy, you must call your local agent and request to terminate your policy.

Depending on what state you live in, a cancellation fee may apply.

You can cancel your car insurance at any time. But to avoid a coverage lapse, ensure you secure a new policy before ending your old one.

What other insurance products does Founders Insurance sell?

Founders offers a handful of additional insurance products to customers beyond car insurance policies.

However, not every product is available in every state in which the company operates.

If you live in Illinois, Founder offers renters insurance coverage for houses, condos, townhomes, and apartments with rates starting less than $1 per day.

Founders also sells homeowners insurance in the state of Illinois. While you can purchase a homeowner policy without buying car insurance, the company does discount your rates if you bundle both insurance types.

This company also offers commercial car insurance for vehicles that weigh under 16,000 pounds and travel less than a 200-mile radius. In Illinois and Indiana, it also writes policies for snowplows and landscaping.

Finally, Founders Insurance specializes in hospitality industry insurance, including liquor liability and special events coverage. The company covers everything from wedding receptions to farmers’ markets.

According to the website, Founders has been a leading hospitality insurer for over 50 years and supplies coverage for producers in 18 different states.

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What are the Founders Insurance financial ratings and customer reviews?

Looking at an insurance company’s financial rankings and customer reviews helps you determine if a company is reliable and easy to work with before actually committing to a policy.

Fortunately, Founders Insurance Company earned an A (Excellent) score from A.M. Best, implying that it is in a solid financial position. You can rely on Founders to close open claims and not default on obligations.

Founders Insurance is not accredited by the Better Business Bureau (BBB) but did earn an A- score. This means the company likely interacts positively with its customers.

According to the NAIC, Founders Insurance has a complaint index score of 7.20. The median complaint index is always set to 1.00, and lower scores are better. So a 7.20 does suggest that Founders Insurance receives substantially more customer complaints than the median.

It’s ubiquitous for car insurance companies to receive primarily negative reviews online, so keep this in mind while analyzing the Founder Insurance customer experience.

However, some customers mention a slow claims process while others say the prices fluctuate. But interactions with the actual customer service representatives seem primarily positive.

What is the history of Founders Insurance?

Headquartered in Des Plaines, Illinois, Founders Insurance Company started selling insurance for protection against fires in 1901. With only $100,000 of capital, a small group of merchants, farmers, and homeowners came together to form the Mutual Fire Insurance Company.

Then, under Marvin E. Pritikin, the company merged with Founders Mutual Insurance Company in 1960. However, it still mainly focused on fire insurance and liquor liability coverage as in the 1950s.

Leadership exchanged hands in 1982 when Pritikin sold the company to the Lutz family. But it wasn’t until 1990 that the company started selling personal car insurance.

Today, Founders Insurance sells car insurance in four states. However, the company also sells homeowner and business insurance spanning 22 states.

Founders Insurance: The Bottom Line

Founders Insurance offers affordable non-standard policies primarily for drivers who struggle to secure standard coverage. If you live where Founders operates and are considered high-risk to insure, consider adding this company to your list while comparison shopping.

However, safe drivers may have better luck earning cheaper rates with more coverage options from some of the other best insurance companies that offer more discount opportunities and policy add-ons.

You’ve learned how to buy Founders car insurance, now secure the best coverage for you by entering your ZIP code into our free rate comparison tool below to receive quotes from the top companies in your region.

for Founders Insurance Company

3.79 (25 reviews)
December 12, 2020


Good prices

Been okay so far price is decent too I think they need to be available in the office more but mostly decent company
June 21, 2020


Founders is awesome

Great service great they really do the most to ensure customer satisfaction I really wish that they would have a grace period
May 3, 2020


I appreciate the service and enjoy the business

Great everyone was respectful and they were very patient with me I was able to get through everything with no rushed decisions.
May 2, 2020



Founders is a great company. My grandparents and my dad have had a such great experience. The insurance plans are affordable and great!
May 1, 2020


My thoughts on founders

They were a wonderful company very fair rates but I found a better insurance policy.they were very helpful when I filed my first auto accident claim
October 12, 2019


good company and goodprice

never had any problems although never had a claim . seems to be a repatible company. i will continue to use them
July 30, 2019


i am happy

so far no problems-good rates-service-next to other companies, I think they are affordable-you might shop around better rates,but this may be the line.
August 23, 2018


Founders Insurance

The agent is really nice and helpful. The internet site is easy to use, I pay there using my account and it is fast. Very practical. Good price.
April 29, 2018


Could be better.

It was ok at first then the prices fluctuated too much after my policy would end. it was still an all around good insurance company.
April 18, 2018


i really like this company

i really like it.i have no complain for this company.its very nice customer service.its offers low prices
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