Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Insurance Expert Chelsey Tucker

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Jun 28, 2022

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Company Details
President: Jim Jacobs
Address: 1705 Towanda Avenue
City: Bloomington
State: IL
ZIP Code: 61702
Phone Number: No Phone Number Known
Toll Free: ((866)) 268-6879
Year Founded: 1925
AM Best Rating: A+
Company Rating 0 (0 reviews)

MSI Preferred Insurance Company was founded in 1984, but it was sold to Country Mutual Insurance Company in 2012. After the two companies merged, it became known as Country Preferred Insurance Company. Its products are now sold under the Country Financial group of companies.

Below, we’ve discussed MSI renters insurance and the type of coverage that is now sold by Country Financial. Continue reading to learn more about its coverage, rates, and more.

If you’re looking to replace your MSI renters insurance, enter your ZIP code into our free quote comparison tool above to compare rates from companies near you.

What does MSI renters insurance cover?

MSI Preferred Insurance Company was sold to Country Financial in 2012 and merged to become Country Preferred Insurance Company. Therefore, MSI renters insurance is now sold by Country Financial. It offers two different renters insurance policies:

  • Basic coverage. This coverage names specific events in which it will cover your belongings. Some of the events include lightning or fire, theft and vandalism, wind or hail, frozen pipes, or spoiled refrigerated products.
  • Premier coverage. This will cover your belongings for any of the events listed in the Basic policy, plus some extra events, such as damage to appliances from a power surge, damage from spilled paint, or broken antiques.

When you buy a policy from Country Financial, you can choose between actual cash value claims settlement or replacement cost claims settlement. Actual cash value claims settlement means that you would receive coverage up to the value of your belongings minus depreciation, while replacement cost claims settlement means that you would receive coverage up to the cost to repair or replace the damage with today’s cost.

Every Country Financial renters insurance policy includes liability coverage to cover you if someone is injured on your property or if you damage someone else’s property. Country Financial’s liability limits are up to $1 million, and you can add special endorsements for things like small businesses or watercraft. You can also purchase up to $25,000 in medical coverage for people who are injured on your property.

Country Financial also offers additional coverages for high-value items, such as:

  • Jewelry, watches, and furs
  • Silverware, gold ware, and pewter-ware
  • Money and other currency
  • Firearms
  • Watercraft
  • Recreational motor vehicles

You can also add identity theft coverage, earthquake coverage, flood insurance, and sewer coverage.

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How much does MSI renters insurance cost?

The average cost of Country Financial renters insurance rates (or MSI renters insurance rates) are $154 per year or $13 per month. We can also take a look at the average renters insurance rates by state to give you an idea of what you might pay.

Average Renters Insurance Rates by State
StateAverage Annual Renters Insurance RatesAverage Monthly Renters Insurance Rates
National Average$168$14
New Hampshire$135$11
New Jersey$163$14
New Mexico$148$12
New York$142$12
North Carolina$148$12
North Dakota$116$10
Rhode Island$166$14
South Carolina$188$16
South Dakota$123$10
Washington, D.C.$166$14
West Virginia$142$12
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In many cases, Country Financial’s rates are slightly lower than the national and state averages. In addition, Country Financial offers some discounts to save you even more money. These discounts include multi-policy discounts, claim-free discounts, welcome discounts, loyalty discounts, and good payer discounts.

How is the MSI renters insurance company rated?

Because MSI is no longer in business, we will provide you with the ratings for Country Financial and Country Preferred Insurance Company, which is the surviving company of the merger between MSI Preferred Insurance Company and Country Mutual Insurance Company.

Country Financial has an A+ rating from the BBB. However, its customer review rating is only 1.56 out of 5 stars.

Country Preferred Insurance Company has a financial strength rating of A+ from A.M. Best, which means that it has a superior ability to meet its financial obligations, such as paying claims. Its long-term issuer credit rating is A-, which means it also has a superior ability to pay its long-term debt.

Country Preferred Insurance Company has an NAIC complaint index of 0.37. Compared to the national average of 1.00, this means that it receives only 37% of the complaints. This can be expected for a company of its size.

How do I get a quote or file a claim?

To receive Country Financial renters insurance quotes (previously MSI renters insurance quotes), you can fill out the form on the Country Financial website to be contacted by an agent in your area. You can also call (866) 268-6879 to contact the company yourself.

There are multiple ways to file a renters insurance claim with Country Financial. You can use your Country Financial renters insurance login to manage your claims online, or you can call the number above to file over the phone. When you file a claim, you will need to provide your phone number and other contact information, policy number, date and location of the damage, and a description of the damage.

Depending on the type of event that caused damage to your property, a claims representative may schedule a time with you to come view your property. You should take steps to prevent further damage, save receipts from any emergency repairs, take photos of the damage, and make a written inventory that includes your property’s age, model number, date of purchase, and current purchase price.

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How do I contact MSI?

There is no longer a MSI renters insurance phone number available. However, you can contact Country Financial at (866) 268-6879. You could also fill out the contact form provided on the Country Financial website.

Mail can be sent to Country Financial, P.O. Box 2020, Bloomington, IL 61702. However, if you’re making a Country Financial renters insurance payment (previously MSI renters insurance payment), you can send it to P.O. Box 2100, Bloomington, IL 61702. You can also make payments online. However, you shouldn’t be seeing a MSI renters charge on your credit card statements anymore, as the policies are now managed by Country Preferred Insurance Company.

Should I buy MSI renters insurance?

Because MSI Preferred Insurance Company merged with Country Mutual Insurance Company, you would now have to buy your renters insurance policy from Country Preferred Insurance Company, the company resulting from the merger.

Country Financial renters insurance policies seem to be fairly comprehensive. The company provides more than one base policy and multiple ways to customize your coverage, so you can get exactly what you need. It also offers its products at affordable rates.

Customers seem to be happy with their Country Financial coverage, but it is not a widely-known company, so it’s always recommended to do a little more research before making a decision.

If you’re unable to find affordable MSI renters insurance or Country Financial renters insurance, enter your ZIP code into our free quote comparison tool below to find a company near you.