UPDATED: Dec 16, 2022

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UPDATED: Dec 16, 2022Fact Checked

The Bottom Line

American Bankers is owned by Assurant and offers different insurance products in Florida. While American Bankers does not have much information online, Assurant has positive company ratings and several other options for insurance coverage.

If you’re interested in American Bankers insurance coverage, you can call the company and speak with a representative to get more information. Unfortunately, you cannot get online insurance product quotes now.

If you’re interested in purchasing insurance products, you may want to learn more about the American Bankers Insurance Company of Florida. As a subsidiary of Assurant, American Bankers Insurance Company likely offers home, renters, auto, and other insurance to Florida residents. You may find that the company’s rates are pretty competitive.

Before you agree to purchase an insurance product from American Bankers or any other insurance company, you should shop online and compare quotes from multiple providers to see which company offers you the coverage you want at a price that works with your budget.

Is American Banks Insurance Company of Florida a Good Choice?

American Bankers Insurance is an insurance company owned by Assurant. There’s not much online about American Bankers, so it isn’t easy to know what the company offers. Still, American Bankers Insurance’s parent company, Assurant, provides the following insurance products:

  • Specialty
  • Renters
  • Auto
  • Homeowners
  • Flood
  • Pre-funeral

American Bankers may not be a good insurance company for you if you’re looking for a specific type of insurance not listed above. However, you can contact American Bankers to learn more about its products and whether it would be a good fit.

American Bankers’ flood insurance may be helpful if you’re a Florida resident in a moderate or high-risk flood area. 

Does American Bankers Insurance Company have good ratings and reviews?

Assurant has an A (Excellent) financial strength rating with A.M. Best and a stable outlook for future endeavors. Still, American Bankers is not rated by A.M. Best, the Better Business Bureau, or J.D. Power.

Customer reviews suggest that some policyholders are unhappy with American Bankers’ claims process, and other individuals cite high coverage rates or a higher recurring charge than what was quoted.

Before purchasing insurance with American Bankers, read customer reviews online to learn more about the company.

American Banks Insurance Company of Florida Rates

Insurance rates vary for several reasons. For example, if you’re looking for auto insurance, your rates may be impacted by different factors than if you’re searching for renters insurance.

First of all, your rates will change depending on the amount of coverage you select. You can get an idea of what to expect for minimum coverage when you compare the rates of the top insurers in the industry.

When you add comprehensive and collision coverage, your rates will increase but you’ll also be better protected.

Depending on the type of insurance you’re looking for, your rates could vary based on:

  • Age
  • Gender
  • ZIP code
  • Credit score
  • Driving history
  • Occupation

You can call American Bankers Insurance Group to get quotes for coverage based on your unique factors. Still, you should compare any quote to other companies to ensure you’re not paying too much for coverage.

How does your driving record affect your rates?

Speeding tickets will affect what you pay for car insurance. Take a look at the chart below to get an idea on just how much rates can increase with one traffic ticket.

Drivers should expect even larger rate increases if they are in a car accident and are considered to be at fault.

As with speeding tickets and accidents, a DUI will drastically increase your insurance premium. Some insurers won’t even offer insurance to drivers with a DUI.

Take a look at the chart below to see how each of these violations may increase your monthly auto insurance rates.

You can see why it pays to keep a clean driving record.

How does your age and credit score affect your car insurance rates?

Your age plays a significant factor in how much you pay for car insurance. A teenage driver is going to see the highest rates because they’re new to the road and have very little experience.

Here’s an idea of what you can expect to pay if you’re a teenage driver.

Once you turn 25 years old, you will see your rates begin to decrease as long as you’ve kept a clean driving record.

But when drivers reach 65 years old, they can expect the rates to increase again.

Your credit score can also impart your car insurance rates. Insurers see drivers with poor credit to be of higher risk. Take a look at how your rates fluctuate depending on your credit score.

With so many factors influencing your insurance rates, it is always recommended that you shop around with multiple insurance companies for quotes.

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American Banks Insurance Company of Florida Discounts Available

You may be able to get discounts on insurance products with American Bankers. To be sure, you’ll need to speak with a company representative.

Some discounts could help you save as much as 25% on your insurance premiums, so you should see whether you qualify for any discounts with American Bankers.

Frequently Asked Questions

How do I contact American Bankers Insurance in Florida?

You can call 1-800-358-0600 to contact a company representative to learn more about products and services or file a claim. American Bankers customer service is available 24 hours a day, seven days a week.

Is American Bankers Insurance Company the same as Assurant?

American Bankers Insurance Company of Florida is a subsidiary of Assurant. Assurant operates in the United States and abroad.

Is flood insurance typical in Florida?

Flood insurance is not a requirement in Florida, but many companies offer flood insurance. Nearly 20% of Florida flood claims come from low or moderate-risk areas.

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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.

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

Full Bio →

Written by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker