SFM Mutual Insurance Company Review (2024)

Step into the realm of SFM Mutual Insurance Company, a beacon of reliability offering personalized policies across diverse coverage options, backed by top-tier customer service and an A.M. Best rating of A (Excellent).

UPDATED: Jun 14, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Jun 14, 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: Jun 14, 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: Jun 14, 2024Fact Checked
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SFM Mutual Insurance Company

Average monthly rate for business insurance:

N/A

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Customized insurance policies tailored to individual and business needs.
  • Exceptional customer service, ensuring clients are well-informed and satisfied.
  • Prompt and efficient claims processing.
  • Comprehensive risk management services to minimize potential risks.

Cons

  • Limited international coverage (primarily serves the United States).
  • Limited availability of personal insurance options compared to business insurance.
  • Rates may be slightly higher than some competitors due to the comprehensive coverage and personalized service offered.
  • Limited online resources for policyholders; more extensive online tools and resources would be beneficial.

Discover the world of SFM Mutual Insurance Company, a trusted name in the insurance realm with an A.M. Best rating of A (Excellent).

Offering a diverse portfolio of insurance types, including Worker’s Compensation, Commercial Property, Liability, Business Auto, and Cyber Liability coverage, SFM Mutual stands out for its commitment to tailored policies and exceptional customer service.

Their low complaint level and swift claims processing ensure clients’ peace of mind, while a range of risk management services adds an extra layer of protection.

Despite some limitations in international coverage and online resources, SFM Mutual’s reputation for reliability and personalized support makes them a solid choice for safeguarding both personal and business futures.

SFM Mutual Insurance Company Insurance Coverage Options

SFM Mutual Insurance Company offers a diverse range of coverage options to meet the unique needs of individuals and businesses. These coverage options encompass various aspects of personal and commercial insurance. Here are the key coverage options provided by SFM Mutual:

  • Worker’s Compensation Insurance: SFM Mutual specializes in worker’s compensation coverage, offering protection for employees who suffer work-related injuries or illnesses. This coverage includes medical expenses, wage replacement, and rehabilitation costs.
  • Commercial Property Insurance: Businesses can safeguard their physical assets with SFM Mutual’s Commercial Property Insurance. This coverage protects against damage or loss to buildings, equipment, inventory, and other physical assets due to covered perils like fires, storms, or theft.
  • Liability Insurance: SFM Mutual offers comprehensive liability insurance for businesses, protecting them from legal claims and lawsuits. This includes coverage for bodily injury, property damage, and other liability-related risks that may arise.
  • Business Auto Insurance: Business owners who rely on vehicles for their operations can benefit from SFM Mutual’s Business Auto Insurance. This coverage provides protection in case of accidents, theft, or damage to company vehicles, ensuring uninterrupted business operations.
  • Cyber Liability Insurance: In today’s digital age, cyber threats are a significant concern. SFM Mutual’s Cyber Liability Insurance helps businesses mitigate the financial fallout of data breaches, hacking, or other cyberattacks by covering associated expenses.
  • Personal Insurance Options: While SFM Mutual primarily focuses on business insurance, they also offer personal insurance options such as auto and home insurance to cater to the needs of individuals and families.
  • Specialized Industry Coverage: SFM Mutual tailors insurance solutions for various industries, offering specialized coverage options designed to address the unique risks and challenges faced by specific sectors.
  • Risk Management Services: Beyond insurance coverage, SFM Mutual provides risk management expertise to help businesses identify, assess, and minimize potential risks, contributing to a safer work environment.

These coverage options reflect SFM Mutual’s commitment to providing comprehensive protection to its clients, whether they are individuals seeking personal insurance or businesses looking to secure their assets and operations. It’s important to consult with an SFM Mutual agent to determine the specific coverage options that best align with your needs and circumstances.

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SFM Mutual Insurance Company Insurance Rates Breakdown

Driver ProfileSFM Mutual InsuranceNational Average
Clean Record$96$119
1+ Ticket$130$147
1+ Accident$183$173
DUI$220$209
Poor Credit$165$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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SFM Mutual Insurance Company Discounts Available

DiscountsSFM Mutual Insurance
Anti Theft17%
Good Student21%
Low Mileage17%
Paperless11%
Safe Driver29%
Senior Driver17%

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SFM Mutual Insurance Company offers a range of discounts to help clients save on their insurance premiums. These discounts are designed to reward responsible behavior, promote safety, and encourage long-term policyholder relationships. Here are some of the key discounts offered by SFM Mutual:

  • Safety Program Discount: SFM Mutual encourages policyholders to prioritize safety in the workplace. They offer discounts to businesses that implement robust safety programs and maintain accident-free records.
  • Claims-Free Discount: Clients who have a history of filing minimal or no claims may qualify for a claims-free discount, reflecting their commitment to risk management and safety.
  • Multi-Policy Discount: SFM Mutual provides incentives for policyholders who bundle multiple insurance policies, such as worker’s compensation and liability insurance, resulting in cost savings.
  • Loyalty Discount: SFM Mutual values long-term relationships with its clients. They offer loyalty discounts to policyholders who have been with the company for an extended period, rewarding their continued trust.
  • Good Payment History Discount: Clients who consistently make on-time premium payments may be eligible for a good payment history discount, reflecting their financial responsibility.
  • Safety Equipment Discount: Businesses that invest in safety equipment and measures to mitigate risks may receive discounts as an acknowledgment of their commitment to safety.
  • Group Discount: SFM Mutual may offer group discounts to organizations or associations that arrange insurance coverage for their members collectively, providing cost-effective solutions.
  • New Business Discount: In some cases, SFM Mutual offers discounts to new clients who choose them as their insurance provider, making it attractive for businesses seeking to switch insurers.

These discounts not only help policyholders save on insurance costs but also encourage proactive risk management and safety practices, aligning with SFM Mutual’s commitment to providing comprehensive protection and support.

How SFM Mutual Insurance Company Ranks Among Providers

SFM Mutual Insurance Company operates in a competitive insurance industry where several prominent players vie for market share. Some of its main competitors include:

  • State Farm Insurance: State Farm is one of the largest insurance providers in the United States and offers a wide array of insurance products for individuals and businesses. They are known for their extensive agent network and robust online resources.
  • The Hartford: The Hartford specializes in providing insurance solutions for businesses, with a focus on small to midsize companies. They offer a range of commercial insurance options and are recognized for their risk management services.
  • Progressive Insurance: Progressive is renowned for its auto insurance offerings and innovative pricing models. They have a strong online presence and offer competitive rates for personal and commercial auto coverage.
  • Travelers Insurance: Travelers is a well-established insurance company with a broad portfolio that includes personal and commercial insurance. They are known for their risk management services and extensive network of agents and brokers.
  • Chubb Insurance: Chubb is a global insurance company that specializes in providing high-end insurance solutions for businesses and individuals. They are known for their emphasis on quality coverage and exceptional customer service.
  • Liberty Mutual Insurance: Liberty Mutual offers a comprehensive range of insurance products, including personal, commercial, and specialty lines. They have a strong online presence and a reputation for customer satisfaction.
  • Allstate Insurance: Allstate is another major player in the insurance industry, offering a range of personal and commercial insurance products. They have a widespread agent network and are recognized for their digital tools and resources.

These competitors, like SFM Mutual Insurance Company, focus on providing tailored insurance solutions to meet the diverse needs of their clients. They compete on factors such as pricing, coverage options, customer service, and innovative technologies.

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Claims Process at SFM Mutual Insurance Company

Streamlined Claim Filing

SFM Mutual Insurance Company is dedicated to simplifying the claims process for policyholders. With a commitment to convenience, they offer multiple channels for reporting claims, including online submissions, phone support, and a user-friendly mobile app.

This flexibility ensures that you can report claims in a way that suits your preferences and lifestyle.

Rapid Claim Processing

Time is of the essence when it comes to insurance claims, and SFM Mutual understands this well. Their claims processing system is designed for efficiency, ensuring that your claims are handled swiftly and professionally.

This quick turnaround time provides the assurance that you’ll receive the support and financial assistance you need without unnecessary delays.

Customer Satisfaction With Claims

At SFM Mutual, customer feedback is invaluable. Positive customer reviews on their claim resolutions and payouts reflect the company’s commitment to delivering on its promises. Hearing from satisfied policyholders underscores the quality of service SFM Mutual consistently provides, reinforcing its reputation as a reliable insurance partner.

Digital and Technological Features at SFM Mutual Insurance Company

Mobile App Convenience

In an increasingly digital world, SFM Mutual’s mobile app stands out for its convenience and functionality. It offers a range of features that simplify policy management and streamline the claims filing process.

Whether you need to review policy details, initiate a claim, or access important resources, the mobile app ensures that essential tools are always at your fingertips.

Online Account Empowerment

SFM Mutual recognizes the importance of accessible account management. Through their website, policyholders can access a suite of online tools designed to enhance their insurance experience.

These tools empower you to manage policies, track claims, and explore valuable resources independently. The online platform combines self-service convenience with comprehensive information to meet your needs effectively.

Accessible Digital Resources

SFM Mutual goes the extra mile by offering a wide range of digital tools and resources. These resources are designed to provide policyholders with insights, education, and solutions for effective risk management.

Whether you’re seeking information, guidance, or educational materials, SFM Mutual’s digital resources empower you to make well-informed insurance decisions in today’s digital age.

Frequently Asked Questions

Is SFM Mutual Insurance Company only for businesses?

No, SFM Mutual Insurance Company offers a range of insurance solutions, including personal insurance options like auto and home insurance, in addition to their comprehensive business insurance offerings.

How can I contact SFM Mutual for inquiries or claims?

You can reach SFM Mutual Insurance Company through their website, phone, or by contacting local agents. They have dedicated customer support teams to assist with inquiries and initiate claims.

Are SFM Mutual’s policies affordable?

SFM Mutual strives to provide competitive rates while maintaining the highest standards of coverage and service. The affordability of their policies may vary depending on factors such as coverage type, location, and individual circumstances.

Do they offer coverage for specific industries?

Yes, SFM Mutual has specialized coverage options tailored to various industries, including healthcare, manufacturing, construction, and more. These industry-specific policies address the unique risks and needs of each sector.

Can I bundle multiple insurance policies with SFM Mutual for discounts?

Yes, SFM Mutual offers bundling options that can lead to cost savings when you combine multiple policies. Bundling is a convenient way to streamline your insurance coverage while potentially reducing overall premiums.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

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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