American Bankers Insurance Company of Florida: Customer Ratings & Reviews [2024]

Explore American Bankers Insurance Company of Florida's array of policies, customer service, and financial ratings to inform your decisions on home, property, and identity protection.

UPDATED: Feb 27, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Michael Leotta

Insurance Operations Specialist

Michael earned a degree in Business Management with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Automatio...

Insurance Operations Specialist

UPDATED: Feb 27, 2024

Advertiser Disclosure

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: Feb 27, 2024

Advertiser Disclosure

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.

UPDATED: Feb 27, 2024Fact Checked
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American Banks Insurance Company of Florida

Average monthly rate for good drivers:

N/A

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Wide range of coverage options
  • Competitive rates
  • Discounts available for eligible policyholders

Cons

  • Limited availability in certain states
  • Online claims reporting system can be difficult to navigate

Final Verdict: Review of American Banks Insurance Company of Florida

American Bankers Insurance Company of Florida is a reputable provider of insurance policies for homeowners, renters, and property owners.

The company offers a wide range of coverage options and competitive rates, with discounts available to eligible policyholders. Although their online claims reporting system can be difficult to navigate, the company has a low complaint level and is rated A (Excellent) by A.M. Best. In this article, we covered the company’s history, mission, products and services, cost of services, service area, and customer reviews.

Overall, American Bankers Insurance Company of Florida is a reliable option for those seeking comprehensive insurance coverage for their home, property, and identity.

American Bankers Insurance Company of Florida is a reliable provider of insurance policies for homeowners, renters, and property owners. With a strong focus on customer satisfaction and a commitment to providing affordable rates, they offer a range of coverage options to protect your home, property, and identity. In this article, we will take a closer look at the company's history, mission, products and services, cost of services, service area, and customer reviews.

What You Should Know About American Banks Insurance Company of Florida

Company contact information:

  • Phone: 1-800-245-1505
  • Email: [email protected]
  • Mailing address: P.O. Box 450668, Miami, FL 33245-0668

Related parent or child companies:

  • Assurant, Inc.

Financial ratings:

  • A.M. Best Rating: A (Excellent)
  • S&P Global Rating: A

Customer service ratings:

  • Better Business Bureau Rating: A+
  • J.D. Power Home Insurance Study Rating: Not rated

Claims information:

  • Claims can be filed online or by phone 24/7
  • Claims phone number: 1-800-245-1505

Company apps:

  • Mobile app available for iOS and Android devices to manage policy, view payment history, and file claims

American Banks Insurance Company of Florida Insurance Coverage Options

American Bankers Insurance Company of Florida offers a wide range of coverage options for homeowners, renters, and property owners. These coverage options include:

  • Homeowners insurance: Protects the physical structure of the home and personal belongings from covered perils such as fire, theft, and wind damage.
  • Renters insurance: Covers personal belongings in a rental property in case of theft, damage or loss, and provides liability coverage.
  • Identity theft protection: Covers expenses related to restoring identity, including legal fees, lost wages, and more.
  • Flood insurance: Covers damage to a property caused by floodwaters (read our full “American Bankers Insurance Flood Insurance Review” for more information).
  • Umbrella insurance: Provides additional liability coverage beyond what is included in standard homeowners and auto insurance policies.
  • Mobile home insurance: Covers physical damage to the mobile home, as well as personal property and liability coverage.
  • Condo insurance: Provides protection for a condo unit and personal belongings.
  • Landlord insurance: Covers damage to a rental property and provides liability coverage for landlords.
  • Motor home insurance: Provides comprehensive and collision coverage for motor homes, as well as personal property and liability coverage.

It’s important to note that the specific coverage options and limits may vary depending on the policy and state. Customers should check with their agent or customer service representative to see which coverage options are available and best suit their needs.

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American Banks Insurance Company of Florida Insurance Rates Breakdown

Driver ProfileAmerican BankersNational Average
Clean Record$120$119
1+ Ticket$150$147
1+ Accident$180$173
DUI$250$209
Poor Credit$206$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

American Banks Insurance Company of Florida Discounts Available

DiscountAmerican Bankers
Anti Theft11%
Good Student9%
Low Mileage16%
Paperless4%
Safe Driver19%
Senior Driver3%

American Bankers Insurance Company of Florida offers a variety of discounts to eligible policyholders, which can help lower the cost of insurance premiums. These discounts include:

  • Multi-policy discount: Customers who have more than one policy with American Bankers Insurance Company of Florida can receive a discount on their premiums.
  • Home safety features discount: Policyholders who have installed certain safety features in their home, such as smoke detectors or burglar alarms, may qualify for a discount.
  • Claims-free discount: Customers who have not filed a claim within a certain period may receive a discount on their premiums.
  • Homeowner association discount: Policyholders who live in a community with a homeowner association may be eligible for a discount.
  • Age of home discount: Customers who own a newer home may receive a discount on their premiums.

It’s important to note that the availability and amount of discounts may vary depending on the policy and state. Customers should check with their agent or customer service representative to see which discounts they may qualify for.

How American Banks Insurance Company of Florida Ranks Among Providers

American Bankers Insurance Company of Florida operates in a highly competitive insurance industry with many other providers offering similar products and services. Some of the company’s main competitors include:

  • Allstate: A well-known insurance provider offering homeowners, renters, and auto insurance policies.
  • State Farm: Another popular insurance provider offering a range of insurance products, including homeowners, renters, and auto insurance.
  • Progressive: A major player in the insurance industry, offering coverage for homeowners, renters, and vehicles.
  • Geico: Known for its auto insurance, Geico also offers homeowners, renters, and other insurance products.
  • Nationwide: A large insurance company that offers a range of insurance products, including homeowners and auto insurance.

These competitors have established brand recognition and offer competitive rates and coverage options. However, American Bankers Insurance Company of Florida aims to differentiate itself through its strong financial ratings, excellent customer service, and discounts offered to policyholders.

Read more: Bankers Standard Insurance Company: Customer Ratings & Reviews

Frequently Asked Questions

What types of insurance does American Bankers Insurance Company of Florida offer?

American Bankers Insurance Company of Florida provides various insurance products such as homeowners insurance, renters insurance, flood insurance, identity theft protection, mobile home insurance, condo insurance, landlord insurance, and motor home insurance.

Where is American Bankers Insurance Company of Florida available?

While primarily operating in Florida, American Bankers Insurance Company of Florida also offers insurance products in other states across the United States.

What discounts are available to customers of American Bankers Insurance Company of Florida?

Customers can access several discounts, including multi-policy discounts, home safety discounts, and claim-free discounts, among others.

How can I file a claim with American Bankers Insurance Company of Florida?

Filing a claim with American Bankers Insurance Company of Florida can be done by contacting the company’s claims department via phone, email, or their website.

What is the financial rating of American Bankers Insurance Company of Florida?

American Bankers Insurance Company of Florida has been rated “A” (Excellent) by A.M. Best, indicating a strong financial position capable of meeting obligations to policyholders.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Michael Leotta

Insurance Operations Specialist

Michael earned a degree in Business Management with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Automatio...

Insurance Operations Specialist

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.

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