Avemco Insurance Company Review (2024)
Avemco Insurance stands out by providing tailored coverage for pilots, renters, homeowners, and liability needs while demonstrating a strong commitment to safety and exceptional claims service.
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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Avemco Insurance Company
Average Monthly Rate For Good Drivers
$100A.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- Wide Range of Insurance Offerings
- Tailored Coverage for Pilots
- Exceptional Claims Service
- Dedication to Safety
- Comprehensive Coverage Plans
- Personalized Customer Service
- Years of Industry Experience
Cons
- May Have Higher Rates for Certain Policies
- Specialized Focus on Aviation Insurance (May not cater to all insurance needs)
Avemco Insurance Company emerges as a comprehensive and specialized provider, offering tailored coverage options for pilots, homeowners, renters, and liability needs. With a strong A.M. Best rating, their commitment to safety, personalized service, and exceptional claims handling shines through.
Whether safeguarding aircraft or personal property, Avemco’s diverse offerings and customer-centered approach ensure reliable protection for a range of individuals. This commitment to excellence, coupled with their extensive industry experience, solidifies Avemco’s reputation as a trusted partner in navigating life’s uncertainties.
Avemco Insurance Company Insurance Coverage Options
Avemco Insurance Company offers a comprehensive range of coverage options to meet the diverse needs of their customers. Whether you’re an aviation enthusiast, a renter, a homeowner, or in need of liability protection, Avemco has tailored solutions to safeguard your interests. Here are the coverage options provided by Avemco:
Aviation Insurance:
- Aircraft hull coverage: Protection for damage to your aircraft.
- Liability coverage: Coverage for bodily injury or property damage caused by your aircraft.
- Medical payments coverage: Pays for medical expenses resulting from aircraft accidents.
- Hangar coverage: Protects your hangar or storage facility.
- Personal and business use: Coverage options for different aviation needs.
Renters Insurance:
- Personal property coverage: Safeguards your belongings within a rental property.
- Liability coverage: Protection against personal liability claims.
- Additional living expenses: Covers temporary housing if your rental becomes uninhabitable.
Homeowners Insurance:
- Dwelling coverage: Protection for your home’s structure.
- Personal property coverage: Safeguards your belongings.
- Liability coverage: Protects against personal liability claims.
- Additional structures coverage: Coverage for structures like garages or sheds.
- Loss of use coverage: Provides for living expenses if your home is uninhabitable.
Liability Insurance:
- Personal liability coverage: Protection against personal liability claims.
- Aircraft non-ownership liability: Coverage for non-owned aircraft.
- Hangarkeeper liability: Coverage for damage to aircraft in your care.
- Business liability: Liability coverage tailored to business needs.
Avemco Insurance Company’s commitment to offering specialized coverage across these categories ensures that customers receive tailored protection for their unique situations. If you have any specific questions about these coverage options or would like to explore them further, don’t hesitate to reach out to Avemco or a licensed insurance agent for personalized assistance.
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Avemco Insurance Company Insurance Rates Breakdown
| Driver Profile | Avemco | National Average |
|---|---|---|
| Clean Record | $118 | $119 |
| 1+ Ticket | $148 | $147 |
| 1+ Accident | $174 | $173 |
| DUI | $210 | $209 |
| Poor Credit | $203 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Avemco Insurance Company Discounts Available
| Discount | Avemco |
|---|---|
| Anti Theft | 6% |
| Good Student | 12% |
| Low Mileage | 9% |
| Paperless | 5% |
| Safe Driver | 18% |
| Senior Driver | 7% |
Avemco Insurance Company extends various discounts to help policyholders make the most of their coverage. Here’s a list of the discounts they offer:
- Multi-Policy Discount: Avemco rewards customers who choose to bundle multiple insurance policies, such as aviation and homeowners insurance, with a discount on their premiums.
- Safety Features Discount: If your aircraft is equipped with advanced safety features, Avemco offers a discount as an incentive for maintaining a higher level of safety.
- Claims-Free Discount: Policyholders who maintain a claims-free record over a certain period can enjoy reduced premiums as a reward for responsible behavior.
- New Aircraft Discount: Avemco acknowledges the reduced risks associated with new aircraft by providing discounts to owners of recently manufactured planes.
- Membership Discounts: Members of aviation associations and organizations may qualify for exclusive discounts on Avemco’s specialized aviation insurance policies.
- Safety Seminar Attendance Discount: By attending approved safety seminars and workshops, policyholders can demonstrate their commitment to safety and qualify for discounted rates.
- Continuous Coverage Discount: Customers who maintain continuous coverage with Avemco may be eligible for discounts that reflect their loyalty and long-term commitment.
- Good Student Discount: Young pilots who excel academically can receive discounts, encouraging responsible behavior both in the air and in their studies.
These discounts showcase Avemco’s dedication to rewarding responsible and safety-conscious policyholders, offering them the opportunity to save on their insurance premiums.
How Avemco Insurance Company Ranks Among Providers
Avemco Insurance Company operates in a competitive landscape alongside other prominent insurance providers that offer similar coverage options. Some of its main competitors include:
- AOPA Insurance Services: AOPA offers aviation insurance tailored for pilots, aircraft owners, and flying clubs. They provide a range of coverage options for various aviation needs and boast a strong reputation within the aviation community.
- State Farm: State Farm is a well-established insurance company that offers homeowners, renters, and liability insurance. While not specialized solely in aviation insurance, it competes by providing comprehensive coverage for homeowners and their properties.
- Allstate: Allstate is another major player in the insurance industry that offers a variety of coverage options, including homeowners, renters, and liability insurance. Similar to State Farm, Allstate competes by providing broad coverage for property and liability needs.
- EAA Insurance Solutions: The Experimental Aircraft Association (EAA) provides insurance solutions for aviation enthusiasts, focusing on experimental and amateur-built aircraft. They offer coverage tailored to the unique needs of these aircraft owners.
- Gallagher Aviation: Gallagher specializes in aviation insurance, providing coverage for pilots, aircraft owners, and aviation businesses. They offer a range of options for various aviation-related risks.
These competitors offer alternatives for individuals seeking insurance coverage, whether it’s aviation-specific or more general property and liability protection. Avemco distinguishes itself through its specialized aviation coverage and commitment to safety, catering to the unique needs of pilots and aircraft owners.
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Avemco Insurance Company Claims Process
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Avemco Insurance Company offers a user-friendly claims process that caters to the needs of its policyholders. Whether you prefer the convenience of filing a claim online, over the phone, or through their mobile app, Avemco has you covered. Their commitment to providing multiple channels for claim submission ensures that you can choose the method that suits you best.
Average Claim Processing Time
One of the critical factors in evaluating an insurance company’s claims service is the average claim processing time. Avemco prides itself on efficient and prompt claim handling. Policyholders can expect their claims to be processed in a timely manner, minimizing the stress and inconvenience associated with unexpected events.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is invaluable when assessing the quality of an insurance company’s claims resolutions and payouts. Avemco Insurance Company has garnered positive reviews from its policyholders for its fair and transparent claim settlements.
Their commitment to customer satisfaction shines through in their handling of claims, ensuring that customers feel supported during challenging times.
Avemco Insurance Company Digital and Technological Features
Mobile App Features and Functionality
Avemco Insurance offers a robust mobile app with a range of features and functionalities designed to enhance the overall customer experience. Through the app, policyholders can access their policy information, file claims, track claim status, and even receive important updates and alerts.
The mobile app is a powerful tool that empowers customers with convenient access to their insurance needs on the go.
Online Account Management Capabilities
Avemco’s online account management capabilities provide policyholders with easy access to their insurance accounts. Customers can log in to their accounts to view policy details, make payments, update personal information, and track their insurance history. The online portal offers a convenient and efficient way to manage insurance policies and stay informed.
Digital Tools and Resources
In addition to the mobile app and online account management, Avemco offers a range of digital tools and resources to assist policyholders in making informed decisions. These resources may include educational materials, safety tips, and calculators to help customers assess their coverage needs.
Avemco’s commitment to leveraging technology for the benefit of its customers is evident in its array of digital tools and resources.
Frequently Asked Questions
Is Avemco Insurance only for aviation enthusiasts?
No, while Avemco is known for its specialized aviation coverage, it also offers a range of insurance options including renters, homeowners, and liability insurance.
Can I personalize my insurance coverage with Avemco?
Yes, Avemco understands that individual needs vary. They offer customizable coverage options to tailor insurance plans to specific requirements.
What distinguishes Avemco’s aviation insurance from others?
Avemco’s aviation insurance is designed specifically for pilots and aircraft owners, addressing the unique risks and challenges of aviation. Their experience in the field ensures coverage tailored to aviation needs.
Are there discounts available for Avemco policyholders?
Yes, Avemco offers various discounts including multi-policy discounts, safety features discounts, claims-free discounts, and more. These discounts help policyholders save on premiums while maintaining adequate coverage.
Are there discounts available for policyholders?
Yes, Avemco offers various discounts to policyholders. These include multi-policy discounts, safety features discounts, claims-free discounts, and more. These discounts help you save on your premiums while maintaining adequate coverage.
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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.
