Mon - Fri
PO Box 248
100 West Edwards Street
Payson, IL 62360
PO Box 248
100 West Edwards Street
Payson, IL 62360
Mutuals are different than traditional insurance companies in many ways. First and most distinctive is that while stock insurance companies are owned by their shareholders, mutual insurance companies are owned solely by their policyholders.
In addition, mutuals don’t pay out money to stockholders; they accumulate it in their funds to pay out losses. Since more funds are available to be spent on claims, mutuals are able to offer lower rates and better service to their policyholders.
Payson Farmers Mutual Insurance Company was organized in 1873 and is one of the oldest mutuals in the area. Farmers in rural areas believed that they should not have to pay as much for insurance since they did not have as many claims.
Permitted to operate in the following counties: Adams, Brown, Hancock, Pike, Schuyler, Calhoun, Greene, Scott, Morgan, and Cass.
Copyright 2024 Payson Farmers Mutual Insurance Company. All rights reserved
Developed by 
