Is Citizens and Hanover the same company?
Asked by: Marguerite Denesik | Last update: December 7, 2025Score: 4.3/5 (34 votes)
Is Hanover insurance the same as citizens?
Hanover Insurance Group purchased Citizens Mutual Insurance Company in 1974, and Hanover continues to use the “Citizens” brand name to sell personal insurance in Michigan. Hanover and its subsidiaries operate in 29 states, including California, Florida, Georgia, Michigan and New York.
Is Hanover part of citizens?
On the move 1946-2003
1974 - Purchases all shares of Citizens Mutual Insurance Company and makes it a member of The Hanover Insurance Companies.
Who is the parent company of Hanover Insurance?
On December 1, 2005, Allmerica Financial Corporation changed its name to The Hanover Insurance Group, Inc. and is the parent company of two divisions, Hanover Insurance and Citizens Insurance. It publicly trades under its new ticker symbol since that time.
Who owns the Citizens Insurance company?
Citizens Insurance is owned by The Hanover Insurance Group. The Hanover Insurance Group is a property & casualty insurance agency headquartered in Worcester, Massachusetts, and it has owned Citizens Insurance since 1958.
Meet the Employer: The Hanover Insurance Group
Is citizens insurance backed by the state of Florida?
Citizens was created by the Florida Legislature in August 2002 as a not-for-profit, tax-exempt, government entity to provide property insurance to eligible Florida property owners unable to find insurance coverage in the private market.
What is the richest insurance company in the United States?
Is Hanover insurance expensive?
The Hanover's average annual premium for full coverage auto insurance is quite high compared to the national average cost of car insurance. On average, drivers with the Hanover pay $3,865 per year for full coverage auto insurance, while the national average is $2,638 per year for the same coverage level.
What is Hanover insurance?
The Hanover Insurance Group, Inc. (The Hanover) is an insurance holding company that offers a range of property and casualty (P&C) policies to individuals, families, and businesses through its network of independent agents across the US. The group also provides claims and risk management services.
Is Hanover a standard insurance company?
About The Hanover
Together with its agent partners, the company offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items.
When did Hanover become independent?
Summary. When the United States announced its independence from Great Britain in 1776, Hanover was a sovereign, independent state. Previously an Electorate, the Kingdom of Hanover was re-established in 1814 after the Napoleonic Wars. At the time, the King of Hanover was George III of Britain.
What states is Hanover insurance in?
What states does Hanover insurance write in? Hanover insurance offers auto, home, and renters in 18 states: Arkansas, Connecticut, Georgia, Illinois, Indiana, Louisiana, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Virginia, and Wisconsin.
Why is Citizens Insurance a last resort?
As the insurer of last resort, Citizens is supposed to provide policies to people who can't get insurance in the regular market. In Florida — after years of rising rates, big storms and insurers leaving the area — that's a lot of people. “Having 1.2 million policies is way too heavy of a risk load for Citizens.
How big is Hanover Insurance Group?
The Hanover has more than 4,800 employees in 42 offices across the United States, protecting more than two million individual and business policyholders. The Hanover has a long, proud history of delivering its promises and being there when it matters the most.
Is Citizens Insurance financially stable?
Citizens customer satisfaction
As it stands now, Citizens' latest financial report showed a $5 billion surplus at the end of December 2023. Citizens only exists in Florida. Although there are other companies with the same name in other states, they are not affiliated with Citizens in Florida.
Are citizens and Hanover the same?
Are The Hanover and Citizens the same company? Citizens Insurance is the brand we use for personal insurance in Michigan. It is a member company of The Hanover Insurance Company.
Who owns citizens insurance?
Citizens was created by the Florida Legislature in August 2002 as a not-for-profit, tax-exempt, government entity to provide property insurance to eligible Florida property owners unable to find insurance coverage in the private market.
What is another name for Hanover Insurance?
The Hanover Insurance Group, formerly Allmerica Financial, was formed through the demutualization of State Mutual Life Assurance Company of America on October 16, 1995.
Is Citizens Hanover Insurance good?
I would recommend Hanover Insurance. I had water damage and a mold issue right after my husband passed away. I was having a difficult time, and they treated me fairly and compassionately. Everything about Citizens and my coverages has been absolutely excellent !
Which insurance company is usually the cheapest?
Geico, Nationwide and Travelers are among the least expensive for car insurance. Americans are paying a lot for car insurance these days: Average annual rates for a full coverage policy are up to $2,638 per year, while minimum coverage averages $767 per year.
Which health insurance denies the most claims?
According to the analysis, AvMed and UnitedHealthcare tied for the highest denial rate, with both companies denying about a third of in-network claims for plans sold on the Marketplace in 2023, respectively.
Who is the most trusted insurance company?
- Best for customer satisfaction: Erie Insurance.
- Best for seniors: Nationwide.
- Best for liability insurance: Auto-Owners.
- Best for claims filing : State Farm.
- Best for bundling: American Family.
- Best for accident forgiveness: Progressive.
- Best for military members and veterans: USAA.
What insurance company do rich people use?
Some of the best life insurance companies for wealth people include MassMutual, Prudential, and Pacific Life. These carriers provide life insurance policies with a high death benefit and will make sure that the process of receiving coverage is seamless and as easy as possible.