Magnum Health Insurance Review [2024]

Magnum insurance provides independent insurance coverage in Illinois and Indiana, serving the area for over 40 years. Our Magnum health insurance review details individual, employer, Critical Illinois Compensation — covering up to $50,000 in emergency healthcare costs — and short-term care.

UPDATED: Feb 6, 2024

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 provider and cannot guarantee quotes from any single provider.

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

UPDATED: Feb 6, 2024Fact Checked

Sara Routhier

Sr. Director of Content

Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

Sr. Director of Content

Michael Leotta

Insurance Operations Specialist

Michael earned a degree in Business Management with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Automatio...

Insurance Operations Specialist

UPDATED: Feb 6, 2024

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 provider and cannot guarantee quotes from any single provider.

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

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Feb 6, 2024

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 provider and cannot guarantee quotes from any single provider.

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

UPDATED: Feb 6, 2024

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 provider and cannot guarantee quotes from any single provider.

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

UPDATED: Feb 6, 2024Fact Checked
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Magnum Health Insurance

Average monthly rate for healthy individuals:

$161

A.M. Best rating:

n/a

Complaint level:

Low

Pros

  • Comprehensive coverage options
  • Competitive rates
  • Exceptional customer service

Cons

  • Limited availability
  • Discounts may not apply to all policyholders

Final Verdict: Review of Magnum Health Insurance

Magnum Insurance is a small provider that has served Illinois and Indiana since 1981. It might not have an instantly recognized name, but it might offer the best coverage for you and your family. As a bonus, Magnum offers home and car insurance as well as many other types of coverage, so you can get all the protection you need.

Magnum insurance doesn’t have perfect reviews, but numerous customers enjoy affordable prices and choosing a local company. Residents of Illinois or Indiana should consider Magnum Insurance Company for any of their coverage needs.

If you’re interested in affordable Magnum insurance rates, you should compare prices to make sure you find the best option. If you want to see what quotes might look like for you, enter your ZIP code into our free tool today.

What You Should Know About Magnum Health Insurance

Magnum Insurance Agency Co., Inc., has been in business for 42 years and has sold over 3 million insurance policies. It has been accredited since 2018 and has an A+ rating from the  Better Business Bureau.

Magnum offers individual, employer, Critical Illinois Compensation, and short-term care in Illinois and Indiana. Is Magnum insurance good? Customer reviews tend to be split, with some loving the value and others frustrated with claims payouts.  If you’re looking for a one-stop-shop insurance company and the potential to bundle policies, Magnum offers a variety of other insurance products, including home, car, and life insurance.

Company Address:

2250 E Devon Ave

Ste 329

Des Plaines, IL 60018-4529

Company Website:

magnuminsurance.com

Company Phone: 

888-539-2102

Business Hours:

Mon.-Fri. 9 a.m.-7 p.m.

Sat. 9 a.m.-6 p.m.

Magnum Health Insurance Coverage Options

Magnum insurance promises to cover everything important to your family’s health at an affordable price. Selecting from the types of health insurance plans that are best for you will depend on your unique needs.

From individual and family plans to insurance plans for companies, Magnum has several options for your consideration.

Magnum Individual and Family Health Insurance

The most common way Americans get their health insurance is through their work. Health insurance from an employer is so important that many people apply for jobs specifically because of their health insurance options. Others stay in jobs they no longer like to keep their coverage.

However, there are times when you’ll need to find your own health insurance policy. Retirees, self-employed people, and workers at jobs that don’t provide insurance are all prime candidates for individual or family health insurance.

Magnum’s health insurance is tailored to cover medical emergencies, preventative care, inpatient and outpatient treatments, and routine doctor appointments. On a single plan, you can insure yourself, your spouse, and any children under the age of 26.

Magnum Group Insurance

Magnum offers insurance plans for employers. From small mom-and-pop stores to large companies with thousands of employees, Magnum has options that will work for you.

You can buy health insurance plans, as well as Magnum dental insurance and vision plans, to cover all of your employee’s needs.

Magnum Critical Illinois Compensation

For Illinois residents, Magnum offers Critical Illinois Compensation.

This coverage protects people from health emergencies like heart attacks or cancer. The Compensation plan will cover up to $50,000 in emergency healthcare costs.

Of course, this health insurance option only applies to people who live in Illinois – Indiana residents are not eligible.

If you think your medical emergency qualifies, use the Magnum insurance customer service phone number to check with an agent.

Magnum Short-Term Health Insurance

There are several reasons you might need short-term health insurance. Most often, it’s because you’re in between jobs or you’re waiting for your main insurance to start.

Magnum’s short-term insurance has no enrollment period, which means you can sign up whenever you need it. You can sign up for up to six months of temporary coverage for competitive prices and low deductibles. Learn more about the best temporary health insurance.

Other Insurance Products Magnum Sells

Magnum sells a lot more than health insurance. In fact, health insurance isn’t the main focus of the Magnum Insurance Company.

Magnum sells the following insurance products:

  • Auto. Magnum auto insurance offers the typical coverage (liability, comprehensive, and collision), as well as underinsured/uninsured motorist, GAP protection, and rental reimbursement. You can even buy Magnum car insurance for classic cars.
  • SR-22. Some states require that you show proof of minimum insurance coverage and Magnum can provide the form for you.
  • Motorcycle. Just like cars, motorcycles need insurance coverage as well. You can find liability, comprehensive, and collision motorcycle insurance with Magnum.
  • Mexican auto. If you plan on driving in Mexico, you’ll need special insurance. Magnum sells temporary insurance that works in Mexico.
  • Roadside assistance. If you ever find yourself stranded on the side of the road, Magnum insurance 24-hour roadside assistance will help out.
  • Home. Home insurance offers coverage for your dwelling structure, liability, and personal belongings. See our Magnum homeowners insurance review.
  • Renters. If you don’t own your home, buying renters insurance protects your belongings from damage.
  • Condo. Similar to homeowners insurance, condo protects your dwelling and personal belongings with special coverage meant for condos.
  • Commercial auto. If you use your vehicle for work purposes, you’ll likely need commercial car insurance to make sure you’re covered on the streets.
  • Life. Magnum also offers term and whole life policies as the best way to protect your family from financial hardship after your passing.

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Magnum Health Insurance Rates Breakdown

The average monthly price of health insurance in Illinois is $507, while Indianans pay a little less at $437 a month. You’ll need to speak with a Magnum agent to get an exact quote, but you can expect to pay around the average price for your state.

Magnum is known for its affordability, with prices typically around the average for each state. Customers often find Magnum insurance rates to be cheaper compared to competitors. They generally praise Magnum for its affordability, so you might even pay less than average.

You can find out how much short-term insurance would cost you by calling the Magnum insurance phone number and speaking with an agent.

With the cost of in-patient hospitalization in Illinois averaging over $2,800 per day, it pays to get health insurance. Health insurance costs in Illinois can start as low as $161 a month per person and can cost as much as $589, depending on the extent of coverage, your age, your health, and your habits.

Michelle Robbins Licensed Insurance Agent

Magnum Health Insurance Discounts Available

Magnum health insurance offers various discounts to help customers save on their premiums. Qualifications for discounts may vary depending on the type of insurance and individual circumstances. Here are some of the common discounts available:

  • Multi-policy discount for bundling multiple insurance policies. Learn more about bundling in our article on home and auto insurance bundles.
  • Healthy lifestyle discount for demonstrating healthy behaviors
  • Loyalty discount for long-term customers
  • Good student discount for eligible students

How Magnum Health Insurance Ranks Among Providers

Competitors in the health insurance industry:

  • Aetna: A leading health insurance company offering a diverse range of health insurance products and services, including medical, dental, and vision plans, as well as Medicare and Medicaid plans. See our Aetna Health Inc. review.
  • Blue Cross Blue Shield: A prominent health insurance provider operating in various states across the U.S., offering a wide range of health insurance plans for individuals, families, and businesses. Find out more in our Blue Cross Blue Shield insurance review.
  • Cigna: A global health service company offering health insurance coverage, including medical, dental, and behavioral health services, to individuals, employers, and organizations. Our Cigna life and health insurance company review provides details.
  • Humana: A health insurance company specializing in Medicare, offering a variety of Medicare Advantage plans, Medicare prescription drug plans, and Medicare supplement plans, as well as individual and family health insurance plans. Learn more in our Humana Health Plan, Inc. review.
  • UnitedHealthcare: One of the largest health insurance companies in the U.S., providing health insurance coverage, including individual and family plans, Medicare plans, and employer-sponsored plans. See details in our UnitedHealthcare insurance company review.

These competitors operate in a similar market segment and may offer comparable products and services, competing with Magnum health insurance for market share and customer loyalty.

Frequently Asked Questions

Is Magnum insurance legit?

Yes, Magnum Insurance Agency Co., Inc., has been in business for 42 years and has sold over 3 million insurance policies. It has been accredited since 2018 and has an A+ rating from the  Better Business Bureau.

What is Magnum health insurance?

Magnum health insurance offers coverage for individuals, employers, short-term needs, and Critical Illinois Compensation for residents of Illinois and Indiana.

What types of health insurance plans does Magnum offer?

Magnum offers individual and family health insurance plans, group insurance plans for employers, Critical Illinois Compensation for Illinois residents, and short-term health insurance.

How affordable is Magnum health insurance?

Magnum is known for its affordability, with prices typically around the average for each state. Customers often find Magnum insurance rates to be cheaper compared to competitors.

What other insurance products does Magnum sell?

In addition to health insurance, Magnum sells various insurance products such as home insurance and car insurance.

What are the reviews like for Magnum health insurance?

Reviews for Magnum health insurance are mixed. While some customers appreciate the affordable rates, others have expressed frustration with customer service and the claims process. The Better Business Bureau gives Magnum an A+ rating.

Is Magnum insurance 24 hour?

Yes, Magmum has a mobile app.

What is the Magnum insurance roadside assistance number?

To contact Magnum, call their customer service phone number 1-888-539-2102. You can also message them at https://magnuminsurance.com/contact-us/. The most convenient and efficient option is to contact them via their mobile app.

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Sara Routhier

Sr. Director of Content

Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

Sr. Director of Content

Michael Leotta

Insurance Operations Specialist

Michael earned a degree in Business Management with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Automatio...

Insurance Operations Specialist

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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