MGA Auto Insurance Review (2024)
MGA Insurance is family-operated and provides personal and business insurance products along with good driving and club membership discounts.
Daniel Walker
Licensed Auto 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 Auto Insurance Agent
UPDATED: Feb 7, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page 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 7, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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MGA Insurance Group
Average Monthly Rate For Good Drivers
$192A.M. Best Rating:
B+Complaint Level:
LowPros
- MGA Insurance Group is licensed for business in all 50 states in the United States
- MGA Insurance is family-operated and provides both personal and business insurance products
- MGA Insurance offers different discounts including those for good driving and certain club memberships
Cons
- Its rating from A.M. Best is maintained at a “B+.”
- MGA Insurance Group is licensed for business in all 50 states in the United States
- MGA Insurance is family-operated and provides both personal and business insurance products
- MGA Insurance offers different discounts including those for good driving and certain club memberships
An MGA auto insurance review determines that this company has three offices in Florida. One is in Lakewood Ranch, the Bradenton area, and the other is in Sarasota.
MGA Insurance Group is licensed to conduct business in 50 states in the U.S. Its rating from A.M. Best is maintained at a “B+.”
MGA stands for Managing General Agent in the insurance industry; although, this company does not claim to specialize in appointing insurance agents.
MGA was acquired by Gallagher Insurance in 2014.
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What You Should Know About MGA
Most of MGA’s policyholders are Florida and Texas residents, although they are licensed in 48 other states.
The company has one complaint on the Better Business Bureau site, and it was closed as if it has been resolved.
There are not many other reviews, although there were several people who indicated that it was a pleasure to do business with MGA. They said that this insurance company treats you like a person rather than a number whether that is during the quoting process, underwriting process, handling a claim, or dealing with any other questions.
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MGA Insurance Coverage Options
Using your car to perform services related to your at-home business requires protection. Your personal auto insurance policy does not cover the commercial use of your vehicle.
This is why your insurance agent asks if you will use your car to drive back and forth to work. They also want to know approximately how many miles you anticipate driving annually.
Your homeowners’ insurance does not cover your business-related losses in the event you have to file a claim. Although your computer may be covered, monies lost from business interruption, heavy-duty copiers, and other obvious business-related equipment may not be covered.
Your agent will have the expertise to assist you, however, in obtaining commercial coverage such as:
- Errors and omissions
- General liability
- Business property insurance
If you have a break-in or fire at your residence, your homeowner’s policy will cover structural parts of the house while your business policy will protect your business losses.
If someone is hurt in the process of conducting business in your home office, there may be some discrepancy as to whether it falls under your homeowner’s or business coverage. You may have to file two claims for one occurrence in this example.
How Does MGA Auto Insurance Cover You While on the Road?
While on the road conducting business, your commercial coverage protects you and your passengers in the event of a car accident.
If you use your personal vehicle for hire, your personal auto policy will not cover your auto insurance claim.
You must register and insure your vehicle for commercial use, even if your business is only part-time.
Your packages are protected in the event they are damaged in an attempt to make a delivery with business coverage.
As a customer, your policy is customized to fit the type of business conducted. You can work with your independent agent to create the best possible policy for you, giving you the peace of mind you deserve.
Your computer equipment is also protected while conducting business on the road if it is used for that purpose.
MGA Insurance Rates Breakdown
Your down payment and premiums will be based on the answers you give to questions such as:
- Your zip code
- Gender
- Age
- Credit
- Make and model of vehicle
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MGA Discounts Available
As a client, you can always simplify your insurance coverage by obtaining an umbrella policy or multiple policies with the same company to be eligible for multiple policy discounts.
Paying your premiums in advance can entitle you to an auto insurance discount as well.
Personal auto insurance policy discounts are available to those who qualify under the numerous possibilities.
Some discount entitlements are:
- Good driver
- Shrinking deductible
- Clubs and organizations
AARP and AAA are examples of some of the clubs you might mention to your agent.
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Frequently Asked Questions
What is MGA Auto Insurance?
MGA Auto Insurance refers to a type of auto insurance provided by Managing General Agents (MGAs). MGAs are specialized insurance intermediaries who have the authority to underwrite and bind policies on behalf of insurance companies. MGA Auto Insurance offers coverage for vehicles against various risks, providing financial protection to policyholders in the event of accidents, theft, or damage.
What types of coverage does MGA Auto Insurance offer?
MGA Auto Insurance typically offers a range of coverage options to meet different needs. These may include:
- Liability Coverage: Provides protection for bodily injury and property damage caused to others in an accident where the policyholder is at fault.
- Collision Coverage: Covers the cost of repairs or replacement of the insured vehicle in the event of a collision, regardless of fault.
- Comprehensive Coverage: Protects against non-collision incidents, such as theft, vandalism, fire, or natural disasters.
- Personal Injury Protection (PIP): Covers medical expenses, lost wages, and other related costs for injuries sustained by the policyholder and their passengers, regardless of fault.
- Uninsured/Underinsured Motorist Coverage: Offers protection if the policyholder is involved in an accident with a driver who has insufficient or no insurance coverage.
How can I purchase MGA Auto Insurance?
To purchase MGA Auto Insurance, you typically need to go through a licensed insurance agent or broker who represents an MGA. They will help assess your needs, provide policy options, and guide you through the application process. You may also be able to purchase MGA Auto Insurance directly from certain insurance companies that work with MGAs.
What is the cost of MGA Auto Insurance determined?
The cost of MGA Auto Insurance is determined based on various factors, including but not limited to:
- Driving record: Your past driving history, including accidents, violations, and claims.
- Vehicle type: The make, model, year, and value of the vehicle being insured.
- Usage: The purpose of the vehicle (personal or commercial) and the estimated annual mileage.
- Location: The geographic area where the vehicle is primarily garaged and driven.
- Coverage limits: The desired coverage amounts and deductibles.
- Age and gender: These demographic factors can sometimes influence insurance rates.
- Credit history: In some cases, insurers may consider credit information when determining premiums.
Can I customize my MGA Auto Insurance policy?
Yes, many MGA Auto Insurance policies offer customization options to meet your specific needs. You can often choose coverage limits, deductibles, and add optional coverage endorsements for additional protection. It’s essential to discuss your requirements with your insurance agent or broker to ensure you have the appropriate coverage in place.
How do I file a claim with MGA Auto Insurance?
In the event of an accident or loss, you should contact your insurance agent or the MGA directly to initiate the claims process. They will guide you through the necessary steps, which may include providing details of the incident, submitting relevant documentation (such as police reports or repair estimates), and cooperating with any investigations. Promptly reporting the claim and providing accurate information is crucial to ensure a smooth claims experience.
Can I transfer my MGA Auto Insurance policy to another vehicle?
In many cases, you can transfer your MGA Auto Insurance policy to another vehicle. However, this will depend on the specific terms and conditions of your policy and the underwriting guidelines of the MGA and insurance company. It’s advisable to contact your insurance agent or the MGA directly to discuss the process and any potential changes in premium or coverage that may apply.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto 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 Auto 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.