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Who We Are

Mutual Assurance is a society of approximately 20,000 members in Virginia who have joined together to insure each other’s homes. Founded in 1794, we have protected some of Virginia’s famous historic houses, along with the homes of many of your neighbors and friends.

The 200th Anniversary Firemark

What is a mutual insurance company?

Generally speaking, a mutual insurance company is an insurer owned by its policyholders, operating primarily for their benefit rather than for external shareholders.

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A mutual insurance company is owned entirely by its policyholders, who are considered members of the company rather than customers alone. Unlike stock insurance companies, which are owned by investors seeking profits, mutual insurers prioritize the interests of their members, focusing on long-term financial stability and sustainable pricing. Policyholders have voting rights to elect the board of directors, giving them a voice in governance and company decisions. 

What makes us unique?

Mutual Assurance continues to use the same business model that was established when the company was founded in 1794.  What distinguishes us from other mutual insurance companies is that we offer a perpetual homeowner policy that never expires as long as the conditions of membership are met. New applicants pay a one-time premium to become a member, followed by low annual assessments that are a fraction of the premium.  This means significant savings over the life of the policy. 

 

It is the way home insurance is meant to be.

Virginia's best-kept secret

For over 230 years, Mutual Assurance has grown primarily on referrals from current members for new business. Membership is such a great deal that our members love to share the secret with their friends and family members. In fact, generations of Virginia families have insured their homes with us as a result.

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