American Select Insurance Company Review (2024)
Explore security and trust with American Select Insurance Company, providing comprehensive insurance solutions and holistic protection backed by an excellent A.M. Best rating and competitive rates.
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
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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American Select Insurance Company
Average Monthly Rate For Good Drivers
$100A.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- Diverse Range of Insurance Options: American Select Insurance Company stands out for its extensive selection of insurance policies, offering coverage across various aspects of life, including auto, home, health, and life insurance.
- Excellent A.M. Best Rating: With an A.M. Best rating of A (Excellent), American Select Insurance Company demonstrates its financial stability and reliability.
- Competitive Average Annual Rates: American Select Insurance Company provides insurance coverage at average annual rates that are competitive within the industry.
- Streamlined Claims Process: One of the standout features of American Select is its efficient and streamlined claims process.
- Positive Customer Reviews: Satisfied customers often highlight their positive experiences with American Select Insurance Company.
Cons
- Limited Online Policy Management Features: While American Select Insurance Company offers online policy management, some customers may find that the available features are limited compared to those offered by other insurers.
- Not Available in All States: American Select’s coverage is not uniformly available in all states, which may limit its accessibility for potential customers residing in areas where the company doesn’t operate.
- Fewer Discounts Compared to Competitors: In terms of available discounts, American Select Insurance Company might offer fewer options compared to some of its competitors.
- Limited Investment in Technological Innovations: While the company provides solid insurance coverage, it may not be at the forefront of technological advancements within the industry.
- Customer Support Response Time Can Be Improved: While generally praised for its customer service, there may be instances where customers experience longer-than-desired response times from the company’s support team.
In a world marked by uncertainty, American Select Insurance Company emerges as a steadfast ally, offering a comprehensive suite of insurance solutions tailored to diverse life needs. With a range of coverage options spanning auto, home, health, and life insurance, American Select secures peace of mind for its policyholders.
Backed by an excellent A.M. Best rating and competitive rates, the company prioritizes customer satisfaction with streamlined claims processes and positive reviews. While there’s room for improvement in online policy management and availability in all states, American Select shines as a reliable partner in safeguarding one’s future.
This overview unveils the company’s commitment to proactive protection and financial security in an ever-changing world.
What You Should Know About American Select Insurance Company
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American Select Insurance Company Insurance Coverage Options
American Select Insurance Company provides a wide range of coverage options designed to meet various aspects of life’s uncertainties. Whether you’re looking for protection for your home, vehicle, health, or financial future, American Select has you covered. Below are the coverage options they offer:
- Auto Insurance: Comprehensive coverage for your vehicle, including liability, collision, and comprehensive coverage to protect against accidents, theft, and more.
- Home Insurance: Protection for your home and belongings, covering damages, liability, and additional living expenses in case of unforeseen events like fires, storms, or theft.
- Health Insurance: Healthcare coverage to help you manage medical expenses, including doctor visits, hospital stays, and prescription medications.
- Life Insurance: Financial security for your loved ones with various life insurance policies, such as term life, whole life, or universal life insurance.
American Select Insurance Company strives to offer holistic protection, allowing you to face life’s twists and turns with confidence.
For more specific details about each coverage option and how they can benefit you, consider contacting American Select Insurance Company or visiting their website.
Please note that coverage options and availability may vary by location and policy type, so it’s essential to consult with the company to tailor your coverage to your specific needs.
American Select Insurance Company Insurance Rates Breakdown
| Driver Profile | American Select | National Average |
|---|---|---|
| Clean Record | $96 | $119 |
| 1+ Ticket | $125 | $147 |
| 1+ Accident | $188 | $173 |
| DUI | $292 | $209 |
| Poor Credit | $165 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Understanding the factors influencing insurance costs is crucial for making informed decisions. American Select Insurance Company offers a range of coverage options, and the cost can vary based on several key factors. Consider the following elements that may impact the overall cost of insurance:
- Coverage Type: The type of coverage you choose, whether it’s for auto, home, health, or life insurance, will significantly influence the cost. More extensive coverage often comes with higher premiums.
- Policy Limits: The limits you set for your policy play a crucial role. Higher coverage limits typically result in higher premiums, as the insurance company assumes greater financial responsibility.
- Deductibles: The amount you agree to pay out of pocket before insurance kicks in affects your premium. Opting for a higher deductible can lower your premium but increases your initial financial responsibility.
- Individual Factors: Personal details such as age, gender, marital status, and health can impact your insurance costs. For example, younger drivers may face higher auto insurance premiums, while healthier individuals may enjoy more affordable health insurance rates.
- Location: Your geographical location plays a role in insurance costs. Areas prone to natural disasters or high crime rates may have higher premiums for home and auto insurance.
- Driving Record: For auto insurance, your driving history, including accidents and traffic violations, influences the cost. A clean record often leads to lower premiums.
- Credit Score: In some cases, insurance companies consider credit scores when determining premiums. Maintaining a good credit score may result in lower insurance costs.
- Discounts: Taking advantage of available discounts can help reduce overall costs. American Select Insurance Company offers various discounts, such as safe driver discounts or bundling multiple policies.
Understanding these factors allows you to tailor your insurance coverage to your needs while managing costs effectively. It’s advisable to regularly review your policy and explore potential discounts to optimize your insurance expenses. Keep in mind that working with an insurance professional can provide personalized insights based on your unique circumstances.
American Select Insurance Company Discounts Available
| Discounts | American Select |
|---|---|
| Anti Theft | 10% |
| Good Student | 10% |
| Low Mileage | 10% |
| Paperless | 8% |
| Safe Driver | 15% |
| Senior Driver | 10% |
American Select Insurance Company understands the importance of providing cost-effective insurance solutions to its policyholders. To help you save on your insurance premiums, they offer various discounts. Here are the discounts you can take advantage of:
- Multi-Policy Discount: Save money when you bundle multiple insurance policies with American Select, such as combining your auto and home insurance.
- Safe Driver Discount: Rewarding policyholders with a clean driving record, this discount acknowledges safe driving habits and lowers your auto insurance premiums.
- Home Security Discount: If you have a home security system in place, you may be eligible for a discount on your home insurance.
- Good Student Discount: Students with excellent academic records can qualify for reduced auto insurance rates, encouraging responsible driving and academic success.
- Multi-Vehicle Discount: Insure more than one vehicle with American Select, and you’ll receive a discount on your auto insurance for each additional vehicle.
- Paid-in-Full Discount: Pay your insurance premium in one lump sum annually or semi-annually to receive a discount on your policy.
- Claim-Free Discount: Maintain a claims-free record, and you can enjoy lower insurance rates as a reward for responsible policy management.
- Military Discount: Active and retired military personnel may be eligible for special discounts on various insurance products.
Please keep in mind that the availability and eligibility criteria for these discounts may vary depending on your location and the specific policy you choose. To get precise details about the discounts applicable to your situation, it’s advisable to contact American Select Insurance Company directly.
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How American Select Insurance Company Ranks Among Providers
American Select Insurance Company operates in a competitive insurance industry, and it encounters several notable competitors. These competitors offer a range of insurance products and services, and each has its strengths and specialties. Here are some of the main competitors that American Select Insurance Company faces:
- State Farm: State Farm is one of the largest and most well-known insurance companies in the United States. They offer a wide range of insurance products, including auto, home, and life insurance, and are known for their extensive network of agents and customer service.
- Allstate: Allstate is another major player in the insurance industry, offering a comprehensive suite of insurance options. They are recognized for their customizable coverage options and innovative digital tools.
- Geico: Geico is known for its competitive pricing and popular advertising campaigns. They primarily focus on auto insurance but also provide other insurance products.
- Progressive: Progressive is known for its user-friendly online platform and the ability to compare quotes from multiple insurers. They specialize in auto insurance but also offer other coverage options.
- Liberty Mutual: Liberty Mutual offers a range of insurance products, including auto, home, and renters insurance. They emphasize personalized coverage and customer service.
- USAA: USAA primarily serves military members and their families. They are recognized for their exceptional customer service and specialized insurance options for military personnel.
- Farmers Insurance: Farmers Insurance provides various insurance products, including auto, home, and life insurance. They offer customizable coverage options and a network of local agents.
- Nationwide: Nationwide offers a variety of insurance options and focuses on providing solutions for individuals and businesses. They are known for their On Your Side® promise and customer-centric approach.
- Travelers: Travelers Insurance provides insurance coverage for individuals and businesses, emphasizing risk management and customized solutions.
- Erie Insurance: Erie Insurance is known for its competitive rates and high customer satisfaction. They offer a range of personal and commercial insurance products.
The competitiveness of these companies can vary by region, and the best insurer for an individual depends on their specific needs, location, and preferences. When choosing an insurance provider, it’s advisable to compare quotes, coverage options, and customer reviews to find the best fit for your requirements.
American Select Insurance Company Claims Process
Ease of Filing a Claim
American Select Insurance Company offers a straightforward and user-friendly claims filing process. Policyholders have multiple convenient options to report a claim, making it easy to initiate a claim when needed.
Customers can file claims online through the company’s website, over the phone via a dedicated claims hotline, or through their mobile app. This flexibility allows policyholders to choose the method that suits them best, whether they prefer the convenience of a mobile app or the personal touch of speaking with a claims representative.
Average Claim Processing Time
One of the crucial aspects of any insurance company’s claims process is the speed at which claims are processed and resolved. American Select Insurance Company prides itself on its efficient claim processing system.
On average, the company processes claims promptly, ensuring that policyholders receive the financial support they need when they need it most. The specific processing times may vary depending on the complexity of the claim, but customers can generally expect prompt and efficient handling of their claims.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable source of insight into the quality of an insurance company’s claims process. American Select Insurance Company has garnered positive reviews from its policyholders regarding claim resolutions and payouts.
Customers have expressed satisfaction with the fairness and promptness of claim settlements, indicating that the company lives up to its commitment to providing reliable financial support during challenging times. The company’s dedication to customer satisfaction is reflected in the positive feedback it receives regarding its claims-handling process.
American Select Insurance Company Digital and Technological Features
Mobile App Features and Functionality
American Select Insurance Company offers a robust mobile app that empowers policyholders with convenient access to their insurance information and claims-related tools.
The app provides a range of features, including the ability to view policy details, track claims in real time, upload relevant documents, and receive important notifications. Additionally, policyholders can easily submit and track claims directly through the mobile app, enhancing the overall convenience of managing their insurance needs.
Online Account Management Capabilities
For policyholders who prefer managing their insurance accounts via a web browser, American Select Insurance Company provides a comprehensive online account management platform.
Through the company’s website, customers can access and update their policy information, make payments, view policy documents, and report claims. The online portal offers a user-friendly interface, ensuring that policyholders can efficiently handle various insurance-related tasks from the comfort of their own homes.
Digital Tools and Resources
In addition to the mobile app and online account management platform, American Select Insurance Company offers a suite of digital tools and resources to assist policyholders.
These resources may include educational materials, FAQs, and calculators to help customers better understand their insurance coverage and make informed decisions. By leveraging these digital tools, policyholders can gain a deeper insight into their policies and maximize the benefits provided by American Select Insurance Company.
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Frequently Asked Questions
How can I customize my auto insurance coverage?
We offer customizable options to tailor your auto insurance according to your needs and preferences.
What factors affect home insurance premiums?
Factors such as location, property value, and coverage type influence your home insurance premiums.
Can I switch my health insurance plan during the policy period?
Depending on your circumstances, you might have the flexibility to adjust your health insurance plan.
Is life insurance necessary for single individuals?
Life insurance can provide financial security and support, even for individuals without dependents.
What are some value-added services offered alongside these insurance types?
Our value-added services include 24/7 customer support, emergency assistance, and online policy management.
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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
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
