American Bankers Insurance Review [2024]

American Bankers Insurance Company stands as a reliable option for those seeking comprehensive home and flood insurance coverage, with a focus on financial stability and customer satisfaction.

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Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Travis Thompson

Licensed Insurance Agent

Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...

Licensed Insurance Agent

UPDATED: Feb 27, 2024

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The Lowdown

  • American Bankers Insurance Company is a subsidiary of Assurant Insurance Company
  • American Bankers Insurance offers homeowners insurance as well as flood insurance coverage to individuals in several U.S. states
  • Homeowners insurance rates with American Bankers Insurance are a bit lower than average, but your actual rates will depend on a number of factors

If you’re searching for home or flood insurance, you may want to consider American Bankers Insurance Company. Located in Florida, American Bankers Insurance is a subsidiary of Assurant Insurance Company and is a property and casualty insurance company that sells flood and homeowners insurance policies.

Anyone interested in American Bankers Insurance products is essentially interested in the Assurant Insurance Company. Assurant is available throughout the U.S. and internationally in certain areas in South America as well as Europe.

As you search for insurance products, you should always be sure to find and compare rates from multiple companies in your area in order to find the best home insurance policies. This will help you make sure you pay the right amount for coverage rather than overpaying.

Be sure to use our free quote tool above to find and compare rates from the best companies in your area today.

What does American Bankers Insurance offer?

The American Bankers Insurance Company offers flood insurance and homeowners insurance to clients in several U.S. states. (For more information, read our “American Bankers Insurance Flood Insurance Review“).

American Bankers underwrites both flood and home insurance policies under the Assurant Insurance Company name. Assurant has several other subsidiaries that underwrite policies throughout the U.S. and internationally.

One of American Bankers Insurance Company’s focuses is on covering manufactured homes as well as offering renters insurance coverage. With an American Bankers homeowners insurance policy, you will likely have the following coverage:

  • Your actual home in case of fire, theft, hurricane, hail, lightning, and other natural disasters
  • Additional structures on your property
  • Personal belongings inside your home
  • Liability to cover bodily injury or property damage caused to others
  • Additional living expenses if your home is damaged
  • Flood coverage for all structures, if you’ve purchased flood insurance

While American Bankers Insurance Company offers helpful homeowners and flood coverage, the company has a notoriously confusing website. Because American Bankers Insurance is owned by Assurant, you would be better off visiting the Assurant website than you would trying to find the correct American Bankers website to get information on a homeowners policy or flood insurance coverage.

Read more:

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How much is insurance with American Bankers?

The only way to know how much you would pay for a homeowners insurance policy with American Bankers is to get a direct quote from Assurant. The American Bankers website does not offer quotes, nor does it have much information when it comes to speaking directly with an insurance agent.

Assurant homeowners policies tend to be a bit lower than average. But this will depend on a number of factors. The table below shows average monthly homeowners insurance rates with several different big-name companies in the United States.

CompanyAverage monthly cost
Allstate$122
State Farm$125
The Hartford$134
USAA$83
Travelers$106
Progressive$86
Farmers Insurance$165
Nationwide$87
American Family Insurance$108

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Read more: American Family Home Insurance Company Review

As you can see, homeowners insurance rates vary significantly and can cost anywhere from $83 a month to over $160. Shopping around for insurance coverage will help you narrow down how much you can actually expect to pay for homeowners coverage.

The same is true for flood insurance as well. With the average cost of flood insurance being under $70 a month, you can get a direct quote that helps you better understand what your rates for flood insurance would be based on your unique situation.

Does American Bankers Insurance Company have good reviews?

American Bankers doesn’t have many online reviews, though plenty of customers and potential policyholders have commented on the company’s confusing and outdated website. But since American Bankers is a subsidiary of Assurant, we will need to look there for more specific reviews.

Luckily, Assurant Insurance Company has an A (excellent) financial strength rating with A.M. Best. Assurant also has a stable outlook when it comes to future policies and claims. Additionally, Assurant has an A+ rating with the Better Business Bureau and a 3.5 out of five-star rating.

This can offer you peace of mind if you’re considering purchasing a homeowners or flood insurance policy with American Bankers Insurance Company. But before you make any final decisions or commitments, be sure to shop around online and compare quotes from multiple companies.

As you do your own research on homeowners and flood insurance, you may find that you can get better deals with great coverage from other companies. But you’ll never know until you compare insurance quotes from several different companies at once.

In fact, you can use our free quote tool below to find and compare homeowners and flood insurance rates that would work best for you.

Frequently Asked Questions

What types of insurance does American Bankers Insurance Company offer?

American Bankers Insurance Company primarily offers flood insurance and homeowners insurance in several U.S. states. They underwrite these policies as a subsidiary of Assurant Insurance Company, which is available both in the U.S. and internationally.

How does American Bankers Insurance Company compare to other insurance providers?

American Bankers Insurance Company may be a suitable option for flood and homeowners insurance, but it’s essential to compare rates and coverage with other providers. The company is a subsidiary of Assurant, and customer reviews suggest potential concerns with their website. It’s advisable to explore multiple options before making a decision.

How can I obtain a quote for insurance coverage from American Bankers Insurance Company?

To get a quote for homeowners insurance or flood insurance with American Bankers, you need to contact Assurant directly. The American Bankers website does not provide quotes, so reaching out to Assurant will help you understand the specific rates based on your unique circumstances.

Are customer ratings and reviews important when considering American Bankers Insurance Company?

Yes, customer ratings and reviews play a crucial role in evaluating an insurance company. While American Bankers Insurance Company may not have many online reviews, feedback suggests issues with their website. It’s recommended to consider customer experiences alongside other factors, such as financial strength ratings and coverage options.

What are the coverage options and focus areas of American Bankers Insurance Company?

American Bankers Insurance Company focuses on providing flood and homeowners insurance. Their coverage includes manufactured homes and renters insurance. It’s important to note that while their coverage options are beneficial, potential customers may find their website confusing, and seeking information from Assurant, the parent company, is advised.

American Bankers Insurance Review [2024] Additional Information

American Bankers Insurance Review [2022] is a company that was incorporated in . American Bankers Insurance Review [2022] is a insurance company and has assets of , capital of $, and net surplus of $.

The president of American Bankers Insurance Review [2022] is , the treasurer is , and the secretary is . American Bankers Insurance Review [2022] insurance plans include
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American Bankers Insurance Review [2022] is located in , and the phone number for American Bankers Insurance Review [2022] claims, customer, service, and additional information is .

American Bankers Insurance Review [2022] Insurance Quotes

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