Center Mutual Insurance

What Center Mutual Insurance does

Center Mutual Insurance Company is a private mutual property and casualty insurer headquartered in Rugby, North Dakota, serving individual and farm customers across North Dakota and South Dakota. The company traces its origins to 1911 (incorporated in its current form in 1917) and was built through a series of mergers and acquisitions of regional farmers' mutual insurers, most recently the 1970 acquisition of the Farmers Mutual Insurance Company of Wells County. It operates today as a policyholder-owned mutual with approximately 29 staff and roughly 25,000 policies in force, distributing exclusively through a network of independent agents in over 80 locations across its two-state territory.

The company's product portfolio consists of personal lines P&C coverage segmented into Personal Auto, Homeowners, Dwelling Fire, Farmowners, Standard Farm, Farm Truck, and Excess Liability umbrella policies. Coverage is tailored to rural and farming customers in the Dakotas, with multi-policy discounts across auto, home, and farm lines, and farm-specific protections covering dwellings, outbuildings, machinery, livestock, grain, and irrigation systems. Underwriting, rating, billing, claims administration, and document management are run on the AllPoints insurance policy administration platform provided by Horizon Systems & Services Inc., accessed via an agent sign-in portal and a consumer-facing web portal, with an additional mobile application for policyholder self-service.

Center Mutual generates revenue through insurance premiums on its personal lines book, produced entirely through independent agents rather than direct or captive channels. Pricing is not publicly disclosed and quotes are obtained through local agents. The company has no disclosed venture capital, private equity, or external investors, and no parent company, reflecting its mutual ownership structure. Its growth has historically been driven by regional consolidation of small farmers' mutuals rather than geographic expansion beyond North Dakota and South Dakota or new product lines.

Name

Center Mutual Insurance

Legal name

Center Mutual Insurance Company

Website

https://centermutual.com

Company type

Private

Founded year

1917

Operating status

Operating

Headcount range

11–50 employees

Short description

Center Mutual Insurance is a mutual property and casualty insurer headquartered in Rugby, North Dakota, serving approximately 25,000 policyholders across North Dakota and South Dakota with personal auto, home, farm, and excess liability coverage distributed exclusively through a network of independent agents.

Ownership category

akta.pro rank

Headquarters

HQ city

Rugby

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: Center Mutual Insurance generates revenue through property and casualty insurance premiums including Personal Auto, Homeowners, Farm, Dwelling Fire, Farm Truck, and Excess Liability coverage. Business is produced exclusively through independent agents.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Center Mutual Insurance Company is a private mutual property and casualty insurer that underwrites and services personal lines insurance policies—including personal auto, homeowners, dwelling fire, farm, and excess liability coverage—for residents of North Dakota and South Dakota. All business is produced through a network of over 80 independent insurance agents, with policy administration, billing, and claims handled via the AllPoints platform from Horizon Systems & Services Inc.

Product overview

Center Mutual Insurance Company is a property and casualty insurance provider serving North Dakota and South Dakota through a network of independent agents. The company offers a portfolio of personal lines insurance products consisting of Personal Auto (covering private passenger vehicles, campers, trailers, and ice houses), Homeowners and Dwelling Fire (covering homes, rental properties, seasonal homes, and condominiums with various liability and property protections), and Farm/Rural products including Farmowners, Standard Farm, and Farm Truck (covering dwellings, outbuildings, farm machinery, livestock, and agricultural vehicles). The company also provides Excess Liability umbrella coverage that supplements its primary insurance products. All business is distributed through independent agents, with additional digital access via a consumer web portal and mobile app for policy management, claims filing, and document access.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Auto Auto insurance for private passenger vehicles, campers with living quarters, ice houses, and trailers, with options for medical payments (South Dakota), personal injury protection (North Dakota), uninsured motorist coverage, collision, comprehensive, rental reimbursement, and various discounts including multi-policy, multi-vehicle, good student, senior, and defensive driver.
• Homeowners Home insurance policies covering homeowners and renters with multi-policy discounts, all-electric discounts, and waiver of outbuilding coverage. Options include special form personal property coverage, replacement cost, sewer backup, sump pump coverage, expanded dwelling replacement cost, watercraft liability, recreational vehicle liability, and inland marine coverage for valuables.
• Dwelling Fire Property insurance for homes, rental homes, seasonal homes, and condominiums offering discounts for all-electric homes, new homes, higher deductibles, and metal roofs. Coverage includes related private structures, personal property, identity theft, builders risk, equipment breakdown, service line, additional living expense, vandalism, terrorism, landlord/tenant liability, comprehensive personal liability, and dog/cat liability.
• Farmowners Farm insurance combining home and auto coverage with farm-specific protections, offering multi-policy discounts when combined with CMIC auto, high deductible options, premier program, sewer backup, sump pump failure coverage, replacement cost personal property, special form coverage, and snowmobile/ATV liability.
• Standard Farm Comprehensive farm insurance covering dwellings, dwelling renters, outbuildings, farm machinery, hay, livestock, grain, irrigation systems, and equipment. Includes inland marine coverage for recreational vehicles, cameras, sports equipment, electronics, jewelry, fine arts, and firearms. Additional protections include farm public liability, livestock exposure, theft, vandalism, farm employees, and rural church liability.
• Farm Truck Insurance for one-ton trucks or larger with box and hoist used specifically for farming purposes. Coverages include bodily injury liability, property damage liability, medical payments, personal injury protection, uninsured motorists, underinsured motorists, with optional comprehensive, collision, stated amount value coverage, and hired/non-owners auto coverage.
• Excess Liability Umbrella/excess liability coverage extending liability limits to primary insurance policies including home, auto, farm/semi truck, farm, standard farm, dwelling fire, and standard farm. Covers additional residences (in-state and out-of-state), autos, light trucks, motor homes, motorcycles, youthful operators, business autos, recreational vehicles, watercraft, jet skis, home daycare, business pursuits, farming operations, rental dwellings, custom farming, and various truck classifications.
• Mobile App Mobile application for policyholders to access their insurance accounts, view policies, manage billing, file claims, and access documents.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Horizon Systems & Services Inc.coreTechnology or IntegrationHorizon Systems & Services Inc. provides the AllPoints insurance policy administration platform used by Center Mutual for policy management, billing, claims administration, underwriting, rating, and document management. This is the core operational system for Center Mutual's insurance operations.

Scale indicators3 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• North Star Mutual Insurance: Upper Midwest regional mutual P&C insurer focused on personal and farm lines, distributed through independent agents in North Dakota, Minnesota, and South Dakota. Closest analog to Center Mutual in scale, structure, product mix, and geography.
• Grinnell Mutual: Iowa-based regional mutual P&C insurer writing personal, farm, and commercial lines through independent agents across the Midwest. Comparable mutual ownership model and farm-insurance specialization, though larger and more geographically diverse than Center Mutual.
• IMT Insurance: Iowa-based mutual P&C carrier offering personal auto, home, farm, and commercial coverage through independent agents in the Midwest. Comparable mutual structure, agent-led distribution, and farm-line emphasis.

Peers

• Western National Insurance Group:

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks2 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/center-mutual-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Center Mutual Insurance