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Our Pricing Structure is Different

And offers unmatched savings to our members


"This sounds too good to be true!"

We hear that a lot, and have for 229 years.

Our goal as a mutual insurance company is to make sure our members have the right protection, are a good fit with our business model, and value their memberships as much as we value them. 


Homeowners who demonstrate fiscal and property-maintenance responsibility make the ideal members. By ensuring each home meets our exacting requirements, we minimize risk and can offer unmatched savings as a result. 

Pricing Structure

As a Society member, you pay a one-time premium that is typically higher than what you might pay to other insurance companies. It acts as a sort of "initiation" fee based on a carefully estimated replacement value of your home. In each year following, you'll pay a low assessment that is a fraction of the initial premium. For the past 10 years, our assessments have averaged only 22% of the initial premium.

Your premium acts as the basis for your annual assessment and is adjusted annually based on the replacement value of your home. If you build an addition or renovate, your replacement value will increase to ensure you have adequate coverage.

Pricing Example

With an assessment rate of 22% and an inflation rate of 3%, here's what a typical Mutual Member will pay versus going with another insurance company.

As you can see, the longer you stay with Mutual Assurance, the greater the savings. This is one of the reasons we have a 95% customer retention rate - a figure other insurance companies can only dream about.

5 Year Savings


10 Year Savings


Year 1

Year 2

Year 3

Year 4

Year 5

5Y Tot

Year 6

Year 7

Year 8

Year 9

Year 10

10Y Tot

Mutual Assurance













Other Insurance













Worth Noting

  • Over the past 50 years, our annual assessment percentage has been no more than 25%.  Despite hurricanes, tornados, and winter storms, our business model has protected our members without the need for dramatic changes in either premiums or assessments.

  • At Mutual Assurance, we know that bad things happen to good people. Therefore, our premiums and assessments do not increase if you have a claim.

Or call us at 800-648-1794

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