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Chubb Auto Insurance Review

Sunday, 15 December 2013 19:28

Chubb auto insurance is sold through Chubb Group, one of the largest and most financially successful global insurance companies in the world. The company specializes in selling premium auto insurance for luxury vehicle owners and collectible car owners, but offers a wide range of insurance products for other vehicles as well. Chubb is highly rated for its financial strength but there is little information about its customer service practices, other than the fact that it is a popular insurance choice among wealthy Americans.

Company Background Information

Chubb Group is a global business and personal lines insurance provider and was founded in 1882 as a marine insurance company in New York City, and first insured ships and their cargo. The Chubb Corporation was created in 1967 and it currently has over 10,000 employees throughout the world. The company sells its insurance products through a network of over 8,500 agents throughout the world, and it has employees in Europe, South America, and North America.

At the moment it is a publicly traded company on the NYSE and has over $13 billion in revenues in 2012 as well as over $50 billion in assets. A.M. Best rated the financial strength of The Chubb Corporation at A++ and gave it a credit rating of “aa+” for its operation performance. The company offers auto insurance to wealthy clients and is a popular and highly rated luxury auto insurance company

Pros of Chubb Auto Insurance

  • Offers several different insurance options
  • Extremely strong financial strength

Cons of Chubb Auto Insurance

  • Caters mainly to high end customers
  • Seems to focus its products on high end vehicles


Chubb does offer several different discounts for its customers including the following discounts:

  • Good student discount
  • Vehicle safety feature discount
  • Discounts for anti-lock brakes
  • Multiple vehicle discount
  • Air bag and passive restraint discount
  • Accident prevention course discount
  • Discounts for purchasing both home and auto insurance
  • And others

Types of Insurance Offered

There is a huge range of insurance options offered by the company including all types of personal insurance such as home, valuables, watercraft, and others. For auto coverage Chubb offers luxury and collector vehicle coverage, and the auto insurance products are tailored for expensive vehicles with a high potential depreciation and a high retail value. There are unique benefits offered to the company's high end customers such as the “Agreed Value” benefit which reimburses the full cost of the vehicle as appraised upfront, not the depreciated amount, which is particularly important for vehicles that have a large depreciation. Also, rental vehicles are similar to the vehicle that is being repaired or replaced. There is no depreciation on parts and vehicle owners can pick the repair shops that they prefer to use.


The website is elaborate due to the fact that it is a global insurance company with several diverse insurance options. There are a few details about collector car and luxury car coverage listed on the website, but more detailed information would need to be discussed with an agent.

Customer Reviews

The few reviews of the company online described some negative experiences from customers who were hit by Chubb insured vehicles. This is almost always a negative experience however. The wealthy Chubb customer base seems may have many satisfied customers as the company insures a large number of the wealthiest Americans.



Chubb Insurance is worth a look for high end vehicle, luxury vehicle and collector vehicle owners due to the company’s experience with high value vehicle insurance. If you happen to own a luxury vehicle you can get insurance quotes from multiple high end vehicle insurance providers including Chubb by entering your zip code on this page.

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