Wesco Auto Insurance Review for 2024 (See if They’re a Good Fit!)
Wesco auto insurance review covers commercial policies with rates starting at $83 per month for low-risk businesses. While Wesco doesn’t offer personal auto insurance, it provides specialized coverage through AmTrust. This review explores Wesco’s financial stability, claims process, and customer service.
Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Sep 19, 2024
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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: Sep 19, 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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Wesco Insurance
Average Monthly Rate For Good Drivers
$83A.M. Best Rating:
A-Complaint Level:
LowPros
- Specialized commercial coverage for low-risk businesses
- Efficient claims process with experienced representatives
- Solid financial backing from parent company AmTrust (A- rating)
Cons
- Does not offer personal auto insurance
- Mixed customer reviews, with several unresolved complaints
- Wesco Insurance is part of the AmTrust Financial Group Inc
- Wesco no longer sells products under its own brand name, but that of the Amtrust Insurance Company
- Wesco offers credit protection products to help mitigate risk
Wesco auto insurance review covers the company’s specialized commercial auto insurance coverage options provided through its parent company, AmTrust.
Although Wesco does not offer personal auto insurance, it caters to low-risk businesses with rates starting at $83 per month. This review explores Wesco’s financial stability, efficient claims process, and customer service, providing an in-depth look at what businesses can expect.
Wesco Auto Insurance Rating
Rating Criteria Score
Business Reviews 3.0
Claim Processing 3.4
Company Reputation 3.5
Coverage Availability 5.0
Coverage Value 3.2
Customer Satisfaction 2.5
Digital Experience 3.5
Discounts Available 3.0
Insurance Cost 3.9
Plan Personalization 3.5
Policy Options 2.5
Savings Potential 3.6
Insurance Rating 3.5
While Wesco’s policies may appeal to specific industries, it’s important to compare rates and coverage with other providers to ensure you get the best fit for your business needs.
Get started on comparing full coverage auto insurance rates by entering your ZIP code above.
Wesco Auto Insurance Rate Factors
Securing affordable auto insurance with Wesco largely depends on factors like age, gender, and driving history. Younger drivers, especially males, tend to have higher premiums due to their increased risk, while older drivers can enjoy lower rates. Let’s break down Wesco’s insurance costs based on these key factors, helping you anticipate your potential monthly payments.
Wesco Auto Insurance Monthly Rates by Coverage Level, Age, & Gender
Age & Gender Minimum Coverage Full Coverage
Age: 16 Female $115 $230
Age: 16 Male $120 $240
Age: 18 Female $95 $190
Age: 18 Male $100 $200
Age: 25 Female $60 $120
Age: 25 Male $65 $130
Age: 30 Female $50 $100
Age: 30 Male $55 $110
Age: 45 Female $55 $110
Age: 45 Male $55 $110
Age: 60 Female $45 $90
Age: 60 Male $50 $100
Age: 65 Female $45 $90
Age: 65 Male $50 $100
If your driving record includes infractions like accidents, tickets, or DUIs, you may see a significant increase in your premiums. Wesco adjusts its rates accordingly, with clean records leading to lower costs and driving violations pushing rates upward. This review explores how your driving history could affect Wesco’s pricing.
Additionally, while Wesco doesn’t provide personal auto insurance nationwide, understanding how factors that affect auto insurance rates impact your commercial coverage rates is essential. Evaluating age, gender, and driving history gives you the insight needed to make an informed decision when selecting your coverage plan.
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What You Should Know About Wesco
The best auto insurance companies have great reviews from the leading Consumer Rating Agencies like A.M. Best and the Better Business Bureau.
Rating agencies help consumers understand what it’s like to work with a specific company before committing to buying a policy.
Wesco Insurance Company reviews are blanketed under the AmTrust auto insurance review, therefore we will look at AmTrust’s data. Check out the table below to see what experts and consumers have decided for Wesco Insurance ratings.
| Agency | |
|---|---|
 | Score: 790 / 1,000 Avg. Satisfaction |
 | Score: B Financial Strength |
 | Score: 68/100 Mixed Customer Feedback |
 | Score: 1.20 More Complaints |
 | Score: B++ Good Financial Strength |
Wesco’s business ratings and reviews, largely reflected through its parent company AmTrust, show solid financial strength but mixed customer feedback. While it maintains a good A.M. Best rating, customer satisfaction varies, making it crucial to compare with other providers before committing to a policy.
Read more: How to Get a Longevity Auto Insurance Discount
Canceling Wesco Auto Insurance: Quick Guide & Tips
Canceling a policy with Wesco Insurance Company is done fully through AmTrust and its online client portal. There is no mention of a cancelation policy or procedure on the website. Before purchasing any type of insurance through this company, we recommend reaching out to an agent and asking questions about any cancelation fees, potential refunds, and when they allow you to cancel your policy.
Read more: How to Cancel Auto Insurance
How to File a Wesco Insurance Claim Easily
If you’re making a Wesco Insurance Company claim, you’re in luck. Wesco and AmTrust pride themselves on the most efficient and fast claims service in the business. If you’re wondering how to file an auto insurance claim, their process is straightforward and designed for quick resolution.
The company says that its claims representatives average more than 20 years of experience, and are given small workloads so that it can effectively give its full attention to each and every claim. You can use the Wesco Insurance Company claims phone number to contact a Wesco claims agent.
Filing a Claim With Wesco: Simple & Quick Process
The parent company, AmTrust, maintains an automated platform for auto insurance claims that allows its representatives to quickly process claims while remaining completely paperless.
Claims can be initiated 24 hours a day, seven days a week, using a toll-free number that should be available on your policy documents.
If you go to the AmTrust website, you clearly see the correct link to click for information about claims on the left side of the page. Check it out in the image below.
When you click on Claims you are prompted to log in to your account before continuing. The following image displays the client log-in and registration page.
Below the client login is a graphic with many different common questions a customer may have when filing a claim. Some prompt you to still log into your account before you can view any answers. Clicking on Learn More will send you to an anchored section on the same webpage with more detailed information. See the image below.
The company’s medical director assists in evaluating all worker’s compensation and medical claims, while a three-point contact system quickly expedites the processing of automobile and property damage claims. Customers are encouraged to track their claims after filing to ensure that payment is made in a timely manner.
Wesco Insurance Premiums: AmTrust Financial Data Overview
The number of premiums written specifically by Wesco Insurance is not currently available, but we do have access to those numbers for its parent company, AmTrust Financial. Take a look at the table below, which showcases the number of auto insurance premiums written by AmTrust in the private passenger auto industry from 2015-2018.
| Year | Premiums Written |
|---|---|
| 2020 | $1,427,158,000 |
| 2021 | $2,506,084,000 |
| 2022 | $2,905,540,000 |
| 2023 | $215,573,000 |
While specific data for Wesco Insurance is unavailable, examining AmTrust Financial’s premiums provides valuable insight into their broader financial trends. These figures highlight shifts in the parent company’s focus, helping you evaluate Wesco’s stability and growth.
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AmTrust Financial Premiums: Shift to Business Insurance
Between 2017 and 2018, the company lost over $2 billion in written premiums. It also no longer displays any personal auto insurance information on its website, including details on which cars have the lowest auto insurance premiums.
The drop in personal auto insurance premiums suggests that the company is transitioning away from that industry and are now focusing primarily on business insurance. If you search for them, though, you can find Amtrust business insurance reviews online.
Wesco Insurance Loss Ratio Trends Explained
An insurance company’s loss ratio is the difference between the number of premiums written versus the claims paid, on average you should expect your insurance company’s loss ratio to be around 60%-70%. Anything higher can indicate severe financial trouble for the company.
If the ratio is much lower, it may mean the company is not giving back enough to their clients. Take a look at AmTrust’s loss ratio for the private passenger auto industry from 2015-2018 in the table below.
| Year | Ratio |
|---|---|
| 2020 | 65.76% |
| 2021 | 68.99% |
| 2022 | 71.09% |
| 2023 | 57.21% |
AmTrust’s loss ratio trends offer insight into Wesco Insurance’s financial health. A steady ratio around the industry average indicates stability, while fluctuations highlight potential risks. Monitoring these trends helps you assess Wesco’s ability to manage claims effectively and determine if private auto insurance companies can meet your needs.
Get a Wesco Auto Insurance Quote Online
To get a commercial auto insurance quote online through AmTrust’s website, you must navigate to the menu and select Insurance Products. The website will autogenerate a form for you to fill out. It appears you must be applying for business insurance in order to receive a quote from AmTrust.
The company seems to be shifting away from personal auto insurance and is focused primarily on business insurance. Understanding how to compare auto insurance quotes can help ensure you find the best coverage for your business needs.
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The History of Wesco Auto Insurance
In 2006, Wesco Insurance Company was acquired by New York-based AmTrust Financial Group Inc. It now operates as a wholly-owned subsidiary of AmTrust, underwriting policies on the company’s behalf.
As such, Wesco Insurance Company no longer maintains its own web presence or sells products under its own brand name. So if you’re looking for Wesco workers comp, Wesco auto insurance, or even Wesco trucking insurance, you are out of luck. If you need information on how to check your auto insurance claim history, you will have to reach out to AmTrust, Wesco’s parent company, for assistance.
Wesco Insurance Rates Breakdown
Unfortunately, auto insurance rates through Wesco Insurance Company and its parent company AmTrust Financial are unavailable. To request a Wesco auto insurance quote, you must click on the Insurance Products page on its website, and select Get a Quote. The webpage generates a form for you to fill out.
At this time, you must include information about your small business in order to receive a quote. Commercial auto insurance packages are available. However, it appears that personal auto insurance policies are no longer available through the AmTrust Financial website.
A Wesco quote will likely be for commercial coverage. Additionally, it’s important to understand how vehicle year affects auto insurance rates when evaluating commercial auto coverage options.
Wesco Insurance Availability by State
On the AmTrust website, they claim that Wesco Insurance Company is certified to work in all fifty states as well as in Washington D.C. Unfortunately, there is very little information about Wesco online to verify the details of what type of insurance work they are certified to perform.
AmTrust claims that Wesco Insurance primarily underwrites statutory disability benefits coverages. It’s also helpful to explore auto insurance rates by state to ensure you’re getting the most competitive pricing for your location.
Wesco Insurance Market Share Overview
Wesco Insurance specific market share details are unavailable, however, we do have access to AmTrust Financial’s data. Take a look at AmTrust’s, Wesco’s parent company, total market share rates for the private passenger auto insurance industry between 2015-2018 in the table below.
| Year | Market Share |
|---|---|
| 2020 | 0.71% |
| 2021 | 1.17% |
| 2022 | 1.26% |
| 2023 | 0.09% |
While specific market share data for Wesco Insurance is not available, AmTrust’s fluctuating market share offers a glimpse into the company’s performance in the auto insurance industry. These shifts reflect changes in their focus and strategy over time.
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Wesco Insurance: Market Decline and Limited Online Presence
Between 2017 and 2018, Wesco’s market share dropped by nearly a full percentage, along with a decrease in written premiums. While not all of Wesco’s market share is tied to its claims, this decline raises concerns about stability. If you’re asking can you claim auto insurance if it’s your fault, Wesco’s claims process can clarify how fault impacts coverage.
Additionally, Wesco’s parent company, AmTrust Financial, has faced financial challenges, suggesting they may be shifting focus away from private auto insurance toward other insurance markets. Wesco Insurance itself has a limited online presence, with no dedicated website, though AmTrust maintains a modest digital footprint through platforms like YouTube, Facebook, Twitter, LinkedIn, and Instagram.
Community Engagement at Wesco Insurance
Wesco Insurance Company does not have its own commercials, but its parent company, AmTrust, regularly posts advertisements on YouTube. As a subsidiary, Wesco follows the same core values, focusing on supporting small businesses nationwide.
While Wesco does not advertise itself independently, AmTrust highlights its community engagement through corporate-sponsored events supporting organizations like the American Heart Association and the Breast Cancer Research Foundation. AmTrust also mentions plans for a Go Green Initiative, though details remain unclear.
Employee reviews for AmTrust, which can be found on Glassdoor, reflect a mixed experience, with a 3 out of 5-star rating, 52 percent CEO approval, and 45 percent of employees recommending the company. These reviews likely represent the general work environment for those handling Wesco Insurance claims, though the exact experiences specific to Wesco employees remain uncertain.
Wesco Insurance: Web & App Experience
Many larger insurance companies have both a website and a phone app for clients. Apps simplify filing claims and tracking payments. Wesco Insurance Company lacks both, but its parent company, AmTrust, has them. AmTrust’s website is easy to navigate, though some information is unclear and lacks depth. While every link leads to a live page, much of the content is filled with buzzwords, making it hard to find concise answers.
Employment opportunities are advertised across nearly every page, even during the quote process. AmTrust’s design is clean, but the lack of substantial content detracts from it. Though Wesco lacks an app, AmTrust offers the AmTrust Online (AO) Mobile app for business owners. Available on Apple and Android, the app isn’t recommended for tablets.
Business owners can manage their accounts, bind approved quotes, and communicate with underwriters. However, the app doesn’t support personal policyholders. The design is somewhat cluttered, but the app shows AmTrust’s commitment to technological advancement. Unfortunately, it’s only available for business owners, not individual users.
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Wesco Insurance: A Pros and Cons Review
Wesco Insurance, operating under its parent company AmTrust, specializes in providing commercial insurance for businesses. While it doesn’t offer personal auto insurance, it’s a good option for businesses seeking targeted and reliable coverage.
- Specialized commercial coverage tailored for low-risk businesses
- A streamlined and efficient claims process supported by AmTrust
- Nationwide availability across all 50 states
Still, there are some drawbacks to using Wesco Insurance, such as:
- No personal auto insurance options
- Mixed customer reviews highlighting service issues
Weighing these pros and cons can help you determine if Wesco Insurance is the right fit for your business, ensuring you get the coverage you need.
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Wesco Insurance Coverage Options
Currently, there is no mention of private auto insurance on the AmTrust website, which means no private auto quotes are being written by Wesco Insurance Company. What is Am Trust Insurance ?
AmTrust does offer commercial auto insurance policies, but only to low-risk fleets like dry van, cargo, intermodal, and refrigerated trucks.
The company says it prefers to insure low-risk businesses to help keep premiums competitive. It avoids insuring commercial fleets involved with cattle transportation, garbage haulers, and gravel trucks.
The type of coverage they provide includes auto liability, physical damage, and general liability. The website also says the company provides motor truck cargo coverage, trailer interchange coverage, and hired and non-owned coverage.
Assessing Wesco Auto Insurance for Your Business
Wesco Auto Insurance offers reliable commercial coverage through its parent company, AmTrust. While it may be a good fit for low-risk businesses, the absence of personal auto policies and mixed reviews make it essential to compare options. Evaluating Wesco alongside other providers will help ensure you choose the right coverage for your needs.
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Frequently Asked Questions
What is Wesco Insurance Company’s contact information?
The Wesco Insurance Company phone number is the same as the Amtrust contact number, as is the Wesco Insurance Company address, which is found in the Company Details box at the top of this review.
There is also a toll-free line for AmTrust at 877-528-7878. Wesco Insurance Company agents near you can be found by contacting the customer service line above.
There is a Wesco Insurance in Ricky Hill, CT that is an agency and unaffiliated with Wesco Insurance Company.
Is there a Wesco Insurance Company extended warranty branch?
Endurance extended car warranties list Wesco as their underwriter. There is no direct Wesco extended warranty.
Be sure to check extended car warranty reviews before purchasing one with any company.
Who is the parent company of AmTrust insurance?
So, who owns AmTrust? AmTrust became a privately owned entity in 2019. The original founders, George Karfunkel and Leah Karfunkel, as well as the CEO Barry Zyskind for AmTrust, now own the company outright, along with the financial entity Stone Point Capital.
Who is Security National Insurance Company?
What is Security National Insurance Company? For an in-depth understanding, read our Security National Auto Insurance review here. It is another insurance provider that was acquired by AmTrust Financial. As one of its subsidiaries, the company also writes coverages for AmTrust clients.
Is Wesco auto insurance available for individuals?
No, Wesco auto insurance is not available for individuals. The company primarily focuses on disability insurance and writes commercial policies.
Is Wesco a good choice for auto insurance?
Wesco Insurance Company’s reviews are included under the AmTrust auto insurance review. The ratings from A.M. Best and the Better Business Bureau indicate average service and financial stability.
How do I cancel my auto insurance policy with Wesco?
Cancellation of a policy with Wesco Insurance Company is done through AmTrust and its online client portal. It is recommended to contact an agent for information on cancellation fees and refund policies.
Contact the Wesco Insurance Company customer service line to get even more help.
Can I purchase Wesco auto insurance as an individual?
No, Wesco auto insurance is primarily focused on commercial policies and does not offer coverage for individual drivers.
Is Wesco insurance the same as AmTrust?
Wesco Insurance Company and AmTrust are not the same company. However, Wesco Insurance and AmTrust are closely related since AmTrust bought Wesco.
Who is AmTrust merging with?
AmTrust merged with Evergreen Parent in 2018.
Which is the best company for insurance?
The best insurance company is really very subjective since there are many factors that impact insurance, and several of them are personal factors such as driving record or age and gender.
So when you’re asking which insurance company is usually the cheapest? Or which insurance company is most expensive? The answer really depends on your individual factors, so it’s always a good idea to compare several insurance companies.
What insurance company has the most complaints?
When trying to figure out what insurance company has the most complaints, you can check several different rating and review websites.
For example, if you want to know more about the Wesco Insurance Company AM Best rating or AmTrust workers comp reviews, you can easily find that online.
Who are the top 5 insurance company?
When you’re asking, what is the most trusted car insurance company?, you need to keep in mind that there are several different factors that impact the ratings for insurance companies.
You can look at websites like Moody’s or the Better Business Bureau if you’re interested in specific information such as Wesco Insurance Company rating, AmTrust Insurance rating, or Endurance Insurance reviews.
What are the financial problems with AmTrust?
You might hear rumors and wonder what is the AmTrust controversy? Is AmTrust in financial trouble? They have had issues in the past, but they seem to have bounced back for the time being.
You can always search for recent AmTrust news or AmTrust reviews to make sure you’re up to date on any new developments.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
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.
