When you choose to get insured by a mutual insurance company you’re choosing to become a co-owner rather than just a paying policyholder like you would be with a stock insurance company.
This means you have voting rights at the Annual General Meetings and benefit in other ways that customers of stock insurance companies simply do not.
With a stock insurance company, outside shareholders reap the rewards when the company has a strong year financially, mutual insurance companies on the other hand, re-invest their profits back into the company to approve the overall members’ experience.
ADVANTAGES OF CHOOSING A MUTUAL INSURANCE COMPANY
Aside from being a member and co-owner of the company that benefits from the company’s success, other advantages of choosing a Mutual Insurance Company include:
- An ownership structure that is more customer-focused, stable and financially strong.
- Support your local community and fellow members. Mutuals support community organizations and causes through sponsorships and donations.
- History and experience. Mutuals have been around for over 100 years (Erie Mutual was established in 1871).
- The Board of Directors are policyholders just like you.
- At Erie Mutual, there are no call centres or automated phone menus. When you call us, a real person will answer the phone (except for after-hours or during company events).
ERIE MUTUALS MEMBER CHARTER
Erie Mutual’s Member Charter is a set of four promises we’re making to you, our valued member.
- We will treat you with respect.
- We will strive to exceed your expectations as your insurer.
- We will act professionally at all times.
- We are committed to providing you with full value for the premiums you pay. In short: there’s insurance, and then there’s mutual insurance.
Contact us anytime to discover the mutual difference.
Learn more about our member charter: https://www.eriemutual.com/customer-charter/
MUTUAL INSURANCE COMPANIES IN ONTARIO
If you live within the Haldimand and Niagara regions of Ontario, then our team at Erie Mutual Insurance should be your go-to insurance company.
However, Ontario is blessed to have dozens of wonderful Mutuals throughout the province.
Here is a list of Ontario Mutuals:
- Algoma Mutual – Thessalon
- Amherst Island Mutual – Stella
- Axiom Mutual – Zurich
- Ayr Farmers Mutual – Ayr
- Bay of Quinte Mutual – Picton
- BCM Insurance – Welland
- Brant Mutual – Brantford
- Caradoc Townsend Mutual – Waterford
- Cayuga Mutual – Cayuga
- The Commonwell Mutual Insurance Group – Lindsay
- Dufferin Mutual – Shelburne
- HD Mutual – Guelph
- Edge Mutual – Drayton
- Erie Mutual – Dunnville
- Germania Mutual – Ayton
- Grenville Mutual – Kemptville
- Heartland Mutual – Waterloo
- Howick Mutual – Wingham
- HTM Insurance – Cobourg
- Kent & Essex Mutual – Chatham
- L&A Mutual – Napanee
- Lambton Mutual – Watford
- Maple Mutual – Dresden
- MutualONE – Ilderton
- North Blenheim Mutual – Bright
- Nova Mutual – Simcoe
- Peel Mutual – Brampton
- Salus Mutual – Dutton
- South Easthope Mutual – Tavistock
- Tradition Mutual – Sebringville
- Trillium Mutual – Listowel
- Usborne & Hibbert Mutual – Exeter
- Westminster Mutual – Belmont
- West Wawanosh Mutual – Goderich
- Yarmouth Mutual – St.Thomas
Learn more about Ontario Mutuals: https://www.ontariomutuals.ca
Erie Mutual Insurance proudly serves the commercial insurance, farm insurance, home insurance and auto insurance needs of members throughout Southern Ontario including Haldimand, Niagara and Hamilton.
Please don’t hesitate to contact us with any questions you may have about this or any other topic related to your insurance.
