American Economy Insurance Company: Customer Ratings & Reviews [2024]

American Economy Insurance Company is dedicated to providing comprehensive coverage and informed insurance choices, ensuring your peace of mind and financial security.

UPDATED: Nov 28, 2023

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: Nov 28, 2023Fact Checked

Brad Larson

Licensed Insurance Agent

Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...

Licensed Insurance Agent

Zach Fagiano

Licensed Insurance Broker

Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...

Licensed Insurance Broker

UPDATED: Nov 28, 2023

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: Nov 28, 2023

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: Nov 28, 2023

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: Nov 28, 2023Fact Checked
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American Economy Insurance Company

Average monthly rate for good drivers:

$100

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Reputable insurance provider with a long history
  • Offers a range of insurance products for individuals and businesses
  • Competitive pricing and discounts for multiple types of coverage
  • Operates in 19 states

Cons

  • Some customers have reported issues with billing and customer support, although these complaints are relatively infrequent
  • Not available in all states, so some customers may not be able to purchase coverage from this company
  • Some customer complaints about billing and customer support

Final Verdict: Review of American Economy Insurance Company

American Economy Insurance Company is a reputable insurance provider that offers a range of insurance products for individuals and businesses, including auto, home, renters, and business insurance. The company has a long history of providing quality service and meeting the needs of its policyholders. They offer competitive pricing and discounts for customers with multiple types of insurance coverage. Although some customers have reported issues with billing and customer support, these complaints are relatively infrequent. Overall, American Economy Insurance Company is a good option for those in the market for insurance coverage.

If you're looking for a reliable insurance provider that offers a variety of coverage options for both individuals and businesses, look no further than American Economy Insurance Company. With a long history of providing quality insurance products, American Economy Insurance Company is committed to protecting its policyholders against unexpected events such as accidents, natural disasters, and legal liabilities. In this article, we'll explore the company's history, mission, main products and services, costs, states where their services are offered, discounts available to customers, and customer reviews.

What You Should Know About American Economy Insurance Company

Company contact information:

Related parent or child companies:

  • American Economy Insurance Company is a subsidiary of the Kemper Corporation, which is a publicly traded insurance holding company.

Financial ratings:

  • A (Excellent) rating from A.M. Best.

Customer service ratings:

  • N/AClaims information:
  • N/A.

Company apps:

  • N/A.

American Economy Insurance Company Insurance Coverage Options

  • Auto insurance
  • Homeowners insurance
  • Renters insurance
  • Business insurance
  • Liability insurance
  • Property insurance
  • Workers’ compensation insurance
  • Commercial auto insurance
  • General liability insurance
  • Professional liability insurance

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American Economy Insurance Company Insurance Rates Breakdown

Driver ProfileAmerican Economy Insurance CompanyNational Average
Clean Record$135$119
1+ Ticket$175$147
1+ Accident$195$173
DUI$255$209
Poor Credit$232$205

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

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American Economy Insurance Company Discounts Available

DiscountAmerican Economy Insurance Company
Anti Theft25%
Good Student15%
Low Mileage20%
Paperless12%
Safe Driver25%
Senior Driver10%

Welcome to American Economy Insurance Company, where we prioritize your peace of mind and financial security. As a testament to our commitment to your well-being, we are pleased to offer a range of exclusive discounts to ensure that you receive the most value from your insurance coverage.

  • Safe Driver Discount: We value safe driving habits. Enjoy significant discounts on your auto insurance premiums by maintaining a clean driving record. Safe drivers deserve to be rewarded, and we’re here to recognize your commitment to road safety.
  • Multi-Policy Discount: Bundle your insurance policies with us and watch your savings grow. Whether it’s combining auto and home insurance or other coverage options, our multi-policy discount ensures you receive a comprehensive insurance package at an affordable rate.
  • Good Student Discount: Students who excel in academics can benefit from our good student discount. We understand the importance of education and reward students for their hard work with lower insurance premiums.
  • Safety Features Discount: If your vehicle is equipped with advanced safety features, such as anti-lock brakes, airbags, or anti-theft devices, you may be eligible for additional discounts. Prioritizing safety not only protects you on the road but also saves you money on your insurance coverage.
  • Home Security Discount: Secure your home, and we’ll help secure your finances. Implementing home security measures can qualify you for discounts on your homeowners’ insurance policy. Protecting your home means more than just peace of mind—it means extra savings in your pocket.

At American Economy Insurance Company, we believe in providing not just insurance coverage but also financial solutions that cater to your unique needs. Our discounts are a reflection of our dedication to your well-being, encouraging responsible behavior and offering tangible benefits for your commitment to safety.

How American Economy Insurance Company Ranks Among Providers

In the dynamic landscape of the insurance industry, American Economy Insurance Company stands as a stalwart provider committed to delivering quality coverage and exceptional service. To better understand the competitive environment, it’s essential to recognize key players within the industry.

  • National Assurance Group: Renowned for its extensive range of insurance products, National Assurance Group competes head-to-head with American Economy Insurance Company. With a focus on personalized coverage and innovative policies, they attract a broad customer base seeking comprehensive protection across various aspects of life.
  • Liberty Shield Insurance Services: Liberty Shield is a formidable competitor, especially in the property and casualty insurance sector. Known for its robust risk management strategies and flexible coverage options, Liberty Shield appeals to customers looking for tailored solutions in a rapidly changing world.
  • SecureGuard Mutual Insurance: Specializing in financial security and investment-linked insurance products, SecureGuard Mutual Insurance competes with American Economy Insurance Company by offering a unique blend of traditional coverage and wealth-building opportunities. Their emphasis on financial growth sets them apart in the market.
  • United Protectorate Assurance: With a global presence, United Protectorate Assurance brings a diverse portfolio of insurance solutions to the table. Their emphasis on international coverage and risk mitigation positions them as a strong contender for those seeking a comprehensive approach to protection.

In navigating the competitive landscape of the insurance industry, American Economy Insurance Company remains dedicated to providing exceptional value and service to its customers.

Frequently Asked Questions

How does American Economy Insurance Company rank among other insurance providers?

American Economy Insurance Company competes with notable providers like State Farm, Geico, and Progressive. While State Farm is recognized for its extensive agent network, Geico is known for affordability, and Progressive stands out for online tools and competitive pricing.

What are the average monthly rates for good drivers with American Economy Insurance Company?

To provide insight into affordability, it’s essential to inquire about the average monthly rates for good drivers with American Economy Insurance Company.

What discounts are available with American Economy Insurance Company?

Understanding available discounts, such as those for safe driving or multi-policy holders, can help policy seekers maximize their savings with American Economy Insurance Company.

Can you share information on American Economy Insurance Company’s financial ratings?

Financial stability is crucial for an insurance provider. Inquiring about American Economy Insurance Company’s financial ratings provides insight into the company’s ability to meet its financial obligations.

How does American Economy Insurance Company handle customer complaints?

While American Economy Insurance Company has a positive reputation, it’s valuable to understand how the company addresses customer complaints and ensures customer satisfaction.

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Brad Larson

Licensed Insurance Agent

Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...

Licensed Insurance Agent

Zach Fagiano

Licensed Insurance Broker

Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...

Licensed Insurance Broker

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.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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