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Find a Location

Founders Insurance Company has 1 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

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    Business ProfileforFounders Insurance Company

    Insurance Services Office
    BBB accredited business
    The Complaints and Reviews shown on this HQ profile may have been submitted against either the HQ itself or one of the corporate-owned locations found under "Find Locations".

    At-a-glance

    Customer Reviews

    1.03/5stars

    Average of 38 Customer Reviews

    Customer Complaints

    137 complaints closed in last 3 years

    36 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 3/1/2024

    Years in Business: 51

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Overview

    Founders Insurance Company offers insurance for personal and business clients. Services include Personal, SR-22, Renters, Homeowners, Liquor Liability, Commercial Auto and much more. 

    Business Details

    Headquarters
    1350 E Touhy Ave Ste 200W, Des Plaines, IL 60018-3303
    BBB File Opened:
    1/12/1994
    Years in Business:
    51
    Business Started:
    8/25/1972
    Business Incorporated:
    8/25/1972
    Accredited Since:
    3/1/2024
    Type of Entity:
    Corporation
    Hours of Operation

    Primary

    M:
    8:00 AM - 5:00 PM
    T:
    8:00 AM - 5:00 PM
    W:
    8:00 AM - 5:00 PM
    Th:
    8:00 AM - 5:00 PM
    F:
    8:00 AM - 5:00 PM
    Sa:
    8:00 AM - 1:00 PM
    Su:
    8:00 AM - 5:00 PM
    Business Management
    • Mr. Tim Olson, Senior Vice President
    • Mr. Stephen Mraz, Assistant Vice President
    Contact Information

    Principal

    • Mr. Tim Olson, Senior Vice President
    • Mr. Stephen Mraz, Assistant Vice President
    Additional Contact Information

    Fax Numbers

    • (847) 768-0188
      Other Fax

    Phone Numbers

    Customer Complaints

    137 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    04/04/2024

    Complaint Type:
    Service or Repair Issues
    Status:
    Answered
    Accident occurred December 24th, we got 3 estimates, the third being with the company they recommended. They cut a check for the deposit and said they would deal with the body shop directly for any additional repairs, they are now trying to deny completing the additional repairs the body shop found as a result of the car accident their client caused, she admitted fault, I am not sure how they are coming up with there was pre-existing damage and they are refusing to allow the body shop to fix the vehicle and put it back into the condition it was in prior to the accident, it is still at the body shop, we have been in communication with the insurance company and the body shop and have been left in limbo, without any explanation. This is very unfair and unacceptable.
    Read More

    Customer Reviews

    38 Customer Reviews

    What do you think? Share your review.

    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    Danny T

    1 star

    02/15/2024

    Another option for complaint against this poorly managed insurance company is to contact the insurance commissioner in your state and file a complaint. They have more authority and with enough negative experiences by policyholders as well as claimants, they can pit pressure on the company and even withdraw their ability to sell insurance in your state. I just submitted such a complaint today !!

    Local BBB

    BBB of Chicago & Northern Illinois

    BBB Reports On

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