Summit Specialty Insurance Company Review (2024)

Summit Specialty Insurance Company, a stalwart in the insurance industry, delivers tailored coverage for auto, home, business, health, and life insurance, distinguished by competitive rates and a solid reputation, ensuring peace of mind and swift claims processing for individuals and businesses alike.

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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Summit Specialty Insurance Company

Average monthly rate for business insurance:

N/A

A.M. Best rating:

A+

Complaint level:

Low

Pros

  • Competitive Rates: Summit Specialty offers affordable insurance premiums.
  • Diverse Coverage: They provide a wide range of insurance types to meet various needs.
  • Strong Reputation: The company has a solid reputation for reliability and customer satisfaction.
  • Personalized Service: Summit tailors insurance plans to individual circumstances.
  • Responsive Claims Process: They ensure a smooth and efficient claims process.

Cons

  • Limited Regional Availability: Summit Specialty may not be available in all regions.
  • Coverage Restrictions: Some policies may have specific coverage limitations or exclusions.
  • Premium Variability: Rates may vary depending on individual factors.
  • Additional Fees: There could be additional fees associated with certain policy features.
  • Limited Online Quoting: The online quoting process may not be as detailed as some competitors.

Summit Specialty Insurance Company, a trusted name in the insurance industry, offers a comprehensive array of coverage options tailored to individual needs. This established insurer boasts a strong reputation for reliability and customer-centric services, making it a top choice for individuals and businesses alike.

Summit’s diverse policies encompass auto, homeowners, commercial, health, and life insurance, ensuring peace of mind in various aspects of life. Their commitment to personalized service, competitive rates, and responsive claims processing sets them apart in a competitive market.

With Summit Specialty, customers can secure their future with confidence, knowing they have a reliable partner safeguarding their assets and well-being.

Summit Specialty Insurance Company Insurance Coverage Options

Summit Specialty Insurance Company offers a diverse range of coverage options tailored to meet the specific needs of their customers. Here is a bullet list outlining the coverage options they provide:

  • Auto Insurance: Protects your vehicles, including cars, motorcycles, and more, with options like liability, comprehensive, and collision coverage.
  • Homeowners Insurance: Safeguards your home and personal belongings against risks such as fire, theft, natural disasters, and liability coverage for accidents on your property.
  • Commercial Insurance: Provides comprehensive coverage for businesses, including property, liability, workers’ compensation, and business interruption insurance.
  • Health Insurance: Ensures financial security for your health-related expenses, including medical treatments, hospital stays, and emergency services.
  • Life Insurance: Offers financial protection for your loved ones with options such as term life and whole life insurance policies.

These coverage options reflect Summit Specialty Insurance Company’s commitment to providing a wide array of insurance solutions to cater to various aspects of their customers’ lives and businesses.

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Summit Specialty Insurance Company Insurance Rates Breakdown

Driver ProfileSummit Specialty InsuranceNational Average
Clean Record$88$119
1+ Ticket$154$147
1+ Accident$192$173
DUI$217$209
Poor Credit$152$205

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

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Summit Specialty Insurance Company Discounts Available

DiscountsSummit Specialty Insurance
Anti Theft15%
Good Student21%
Low Mileage17%
Paperless10%
Safe Driver26%
Senior Driver16%

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Summit Specialty Insurance Company offers a range of discounts to help their customers save on insurance premiums. Here are some common discounts they may provide:

  • Multi-Policy Discount: Save when you bundle multiple insurance policies, such as auto and homeowners insurance, with Summit Specialty.
  • Safe Driver Discount: If you have a clean driving record with no accidents or violations, you may qualify for a safe driver discount on your auto insurance.
  • Good Student Discount: Students with good grades or academic achievements may be eligible for discounts on auto insurance premiums.
  • Multi-Vehicle Discount: Insure multiple vehicles under the same policy to receive a discount on each vehicle’s premium.
  • Home Security Discount: Implementing security measures like alarms or surveillance systems in your home can lead to savings on homeowners insurance.
  • Claims-Free Discount: Maintain a claims-free history, and you may be rewarded with a discount on your insurance premiums.
  • Paid-in-Full Discount: Pay your insurance premium upfront for the entire policy term, and you might qualify for a discount.
  • Loyalty Discount: Stay with Summit Specialty Insurance for an extended period, and they may offer loyalty discounts as a reward for your continued business.
  • Good Health Discount: For health insurance, maintaining good health and wellness habits can lead to lower premiums.

Please note that the availability and specifics of these discounts may vary by location and policy type. To get accurate information on discounts, it’s recommended to contact Summit Specialty Insurance Company directly or visit their website.

How Summit Specialty Insurance Company Ranks Among Providers

Summit Specialty Insurance Company may have several competitors in the insurance industry, depending on the types of insurance policies they offer and their target market. Here are some of the types of competitors they might face:

  • Large National Insurance Companies: Companies like State Farm, Allstate, Geico, and Progressive are well-known for offering a wide range of insurance products, including auto, home, and more. They have substantial market share and advertising budgets.
  • Regional or Local Insurance Companies: Smaller, regional or local insurers often compete effectively by offering personalized service and competitive rates tailored to their specific regions. Examples could include regional insurance carriers like Amica Mutual or Erie Insurance.
  • Specialty Insurers: Depending on Summit Specialty’s niche and specialization, they may face competition from other specialty insurers. For example, if they focus on classic car insurance, they would compete with companies specializing in classic and antique auto coverage.
  • Online Insurtech Startups: Digital insurance startups like Lemonade, Root, or Metromile have disrupted the industry by leveraging technology to provide competitive rates and streamlined services. They often appeal to tech-savvy consumers.
  • Healthcare Insurers: If Summit Specialty offers health insurance products, they would compete with healthcare-focused insurers like Blue Cross Blue Shield, Aetna, or Cigna.
  • Commercial Insurance Providers: In the commercial insurance space, Summit Specialty may compete with companies like The Hartford or Travelers, which offer a range of business insurance products.
  • Life Insurance Companies: If Summit Specialty offers life insurance, they would compete with companies such as Prudential, New York Life, and Northwestern Mutual, which specialize in life insurance and related financial products.

It’s essential to note that the competitiveness of Summit Specialty Insurance Company would depend on factors such as their unique value proposition, coverage options, pricing, customer service, and geographic reach.

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Summit Specialty Insurance Claims Process

Streamlined Claim Filing

At Summit Specialty Insurance, we understand that filing an insurance claim can be a stressful experience. That’s why we’ve made it our mission to simplify the process for our valued policyholders.

Whether you prefer the convenience of filing a claim online, speaking with our knowledgeable representatives over the phone, or using our user-friendly mobile app, we offer multiple channels to cater to your needs. We believe that ease of access should be a fundamental part of your insurance experience.

Rapid Claim Processing

In the world of insurance, time matters. Summit Specialty is committed to providing prompt and efficient claim processing. While the specific processing time may vary depending on the nature of your claim, we prioritize swift resolutions.

Our goal is to minimize the disruption caused by unexpected events in your life by delivering timely support and payouts.

Customer Satisfaction With Claims

Our dedication to customer satisfaction is at the heart of everything we do. We value the feedback from our policyholders, and their experiences with our claim resolutions and payouts have been overwhelmingly positive.

At Summit Specialty, transparency and fairness are paramount in our claims process. We believe that your peace of mind is the ultimate measure of our success.

Summit Specialty Insurance Digital and Technological Features

Mobile App Empowerment

In today’s fast-paced world, convenience is key. Summit Specialty’s mobile app is designed to empower you with the tools you need at your fingertips. From managing your policies to tracking the progress of your claims and accessing digital ID cards, our mobile app offers a comprehensive suite of features.

We understand that your time is valuable, and our user-friendly app ensures that you can access essential insurance services with ease, wherever you are.

Online Account Management

Gone are the days of sifting through paperwork and making time-consuming phone calls. Summit Specialty’s online account management portal puts you in control of your insurance accounts.

Review policy details, make payments, and update your personal information—all at your convenience. We believe that managing your insurance should be as effortless as possible, and our intuitive online platform reflects this commitment.

Digital Tools and Resources

Knowledge is power, and Summit Specialty provides you with a wealth of digital tools and resources to make informed decisions about your insurance coverage.

Explore our educational materials, utilize our calculators, and engage with interactive features designed to enhance your understanding of your policies. We are dedicated to leveraging technology to empower you with the information you need to protect what matters most to you.

Frequently Asked Questions

How can I get a quote from Summit Specialty Insurance?

You can request a quote through their website or contact their customer service team.

What types of auto insurance coverage do they offer?

Summit Specialty offers various auto insurance options, including liability, comprehensive, and collision coverage.

Do they provide insurance for small businesses?

Yes, Summit Specialty offers commercial insurance tailored to small businesses’ needs.

Can I customize my homeowners’ insurance policy with them?

Summit Specialty allows you to tailor your homeowners’ policy to fit your specific requirements.

What should I do if I need to file a claim?

To file a claim, contact Summit Specialty’s claims department, and they will guide you through the process promptly.

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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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