While it's preferable that nothing ever go wrong, Preferred Mutual Insurance would rather you be safe than sorry. Preferred Mutual provides personal and commercial lines of property/casualty insurance to policyholders in New York, as well as in Massachusetts, New Hampshire, and New Jersey. The company primarily writes automobile and homeowners insurance; other offerings include commercial umbrella, business owners, identity theft, specialty vehicle, and specialty dwelling policies. Some 400 independent agencies sells the company's products. Preferred Mutual Insurance was founded in 1896 as a New York mutual fire insurance firm and is owned by its policyholders.