AARP Auto Insurance Program from The Hartford Review (2024)

What You Should Know About AARP Auto Insurance Program from The Hartford

This AARP auto insurance review explores the insurance programs offered to members of the Washington, DC-based AARP, formerly known as the American Association of Retired Persons. AARP membership affords access to the AARP® Auto Insurance Program.

If you’ve purchased AARP® Auto Insurance for at least a year, you owe it to yourself to compare your AARP auto insurance rates with those of other auto insurance providers.

Older Americans may have difficulty in obtaining or renewing auto insurance. One of the most important benefits offered by AARP auto insurance is Lifetime Renewability.

That is, according to conditions outlined by the AARP, older drivers with AARP membership privileges may have access to auto insurance throughout a healthy lifespan.

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AARP Auto Insurance Program

AARP maintains partner relationships with Hartford, Connecticut-headquartered The Hartford Fire Insurance Company and affiliated companies of The Hartford.

Though the auto insurance program is branded as an AARP benefit, the association doesn’t underwrite auto insurance policies for its members.

In the state of Texas, Southern County Mutual Insurance Company, via Hartford Fire General Agency, underwrites AARP auto insurance policies. The Hartford doesn’t provide financial backing for Southern County Mutual Insurance Agency.

The AARP Auto Insurance Program is closed to members living in Massachusetts, the U.S. Territories and Possessions, and Canada.

Check out our The Hartford auto insurance review for more information.

AARP Membership

AARP membership is available to those aged 50 and above. The AARP has approximately 40 million existing members. The AARP has definite political and lobbying strength.

The association strives to help older Americans maintain important lifestyle privileges, such as the ability to drive a car. AARP members receive the AARP Bulletin, published each month, along with AARP The Magazine, published twice per month.

AARP offers a variety of auto insurance discounts on products and services to members. As the baby boomers enter their elder years, AARP’s agenda includes a campaign focused on Americans turning age 65 in 2011.

Auto insurance and the ability to drive safely is just one of the many ways AARP fights for the rights of senior Americans. AARP maintains other insurance partnerships with UnitedHealth Group, New York Life Insurance, and Aetna.

AARP Auto Insurance Program from The Hartford Insurance Coverage Options

The Hartford Financial Services Group owns The Hartford’s property & casualty operations. The company offers insurance for autos, homes, and businesses.

As one of the oldest insurance companies in the United States (founded in 1810), The Hartford distributes insurance products through more than 100,000 broker-dealers and an independent insurance network of more than 11,000 insurance agents and brokers.

Partnering with the AARP is a sound and effective business development strategy for The Hartford. As new members join AARP, they have immediate access to insurance programs for auto, home, and business through The Hartford.

In the midst of the global financial downturn in 2008, German insurer Allianz invested approximately $2.5 billion in the company. The capital infusion made by Allianz helped The Hartford avoid a credit downgrade by Standard & Poor’s and A.M. Best.

The Hartford held investments of companies such as:

• Lehman Brothers
• Freddie Mac
• Fannie Mae

The investments of these companies declined in value, and Lehman Brothers’ securities were eventually worthless when the company went out of business.

The U.S. Treasury and the Troubled Asset Relief Program (TARP) helped insurance companies like The Hartford ride out the financial crisis.

The Hartford borrowed approximately $3.4 billion from TARP. In 2010, The Hartford repaid the TARP loan and generated enough revenues to add $21.7 million to shareholder dividend payments.

In order to qualify for federal funds prior to the availability of TARP via the Treasury Capital Purchase Program, The Hartford acquired a bank. In 2009, the company bought Federal Trust Corporation for about $10 million.

The Hartford has withdrawn from its international property & casualty business. Prior to 2007, the company sold a mutual fund firm in Canada and an annuity business in Japan.

In 2011, The Hartford sold its Specialty Risk Services business to Sedgwick Claims Services for approximately $278 million. SRS previously acted as an administration arm for clients of The Hartford.

The Hartford was ranked #117 in the most recent Fortune 500. The company reports total assets of about $318.35 billion and a market value of $12.28 billion.

The company reported $22.38 billion in sales in 2010, and a negative 9.38 percent sales growth during the 2010 fiscal year. The company is considered a low-risk vendor, according to Dun & Bradstreet.

AARP and Southern Mutual Insurance Company

AARP Auto Insurance Program offers auto insurance policies for Texas auto insurance through Southern Mutual Insurance Company. Founded in Georgia in 1847, the company maintains an “A” (Excellent) A.M. Best rating.

AARP Auto insurance customers receive 24-hour customer service and claim filing access by calling 1-800-226-1919. Contact the company at 360 Alps Road, Athens, Georgia 30606, or contact the company’s headquarters at 1-706-549-7855 for more information.

AARP Auto Insurance Program from The Hartford Discounts Available

According to the AARP Financial website, AARP Auto offers a variety of additional benefits to policyholders.

The Hartford offers accident forgiveness and waives auto insurance premium increases relating to a car accident when the driver or any named drivers on the policy are accident and violation-free for at least five years.

Auto insurance rates are locked in for at least a 12-month policy period, according to The Hartford. That’s six months longer than most auto insurance contracts.

AARP Customer Service

AARP Auto Insurance customers receive 24 hour/7 days a week access to customer service and assistance filing an auto insurance claim, according to the company website.

To reach customer service or claims help, call 1-888-OUR-AARP any time. Contact AARP headquarters at 601 E Street NW, Washington, DC 20049. Telephone AARP at 1-202-434-7700, or toll-free at 1-888-687-2277.

To request an AARP auto insurance quote, contact The Hartford at 1-888-489-8631.

Reach The Hartford Financial Services Group, Inc. at One Hartford Plaza, Hartford, Connecticut 06155, or telephone the company’s corporate headquarters, at 860-547-5000.