Many consumers associate the term “non-standard” auto insurance with high risk, but this isn’t always the case. According to the Founders Auto Insurance website the terms are often synonymous. They do point out however that “non-standard” simply means not adhering or conforming to the standard policy.
Many of Founder’s forms, classes, and territories do actually conform to auto insurance industry standards, but some aspects do not making part of it “non-standard”. Most non-standard auto insurance companies start off with a standard methodology, and make appropriate modifications to suit their customer’s needs which are always changing. They take into consideration the economy, the market demand, and consumer needs and tailor the policies to fit the times.
Founders Insurance offers vehicle surcharging, modified territories, and they create classes based on what is going on in the market. There is a unique risk selection criteria, but a very high percent of new business at Founders has been previously insured with a clean driving record. Founders also follow similar models for their homeowners insurance and commercial liability & property policy options.