Bankers Standard Insurance Company: Customer Ratings & Reviews [2024]

Explore the offerings of Bankers Standard Insurance Company, a reputable and affordable insurance provider, through an in-depth review covering its history, mission, services, costs, available discounts, and customer feedback.

UPDATED: Dec 2, 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: Dec 2, 2023Fact Checked

Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Michael Vereecke

Commercial Lines Coverage Specialist

Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...

Commercial Lines Coverage Specialist

UPDATED: Dec 2, 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: Dec 2, 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: Dec 2, 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: Dec 2, 2023Fact Checked
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Bankers Standard Insurance Company

Average monthly rate for good drivers:

$100

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Bankers Standard Insurance Company has a long history dating back to 1896.
  • They offer a wide range of insurance products, including auto, home, life, and business insurance.
  • The company has an A (Excellent) rating from A.M. Best.
  • Bankers Standard Insurance Company focuses on efficient claims processing and offers an online claims portal.
  • They provide various discounts to help customers save money on their insurance premiums.

Cons

  • Limited customer service ratings are available online.
  • Bankers Standard Insurance Company may face challenges from larger competitors with more resources and brand recognition.
  • They do not currently offer a mobile app for managing policies.

Final Verdict: Review of Bankers Standard Insurance Company

This article provides an in-depth review of Bankers Standard Insurance Company, a reliable and affordable insurance provider that offers a variety of insurance products to meet the unique needs of their clients.

The article covers the company’s history, mission, main products and services, cost of those services, states where their services are offered, different types of discounts available to customers, and a summary of customer reviews of the company.

With a strong focus on customer service and claims processing, Bankers Standard Insurance Company has earned a good reputation among its customers. The article concludes that whether you’re in need of auto insurance, home insurance, life insurance, or business insurance, Bankers Standard Insurance Company is a great option to consider.

Are you in search of reliable and affordable insurance coverage for your home, car, life, or business? Look no further than Bankers Standard Insurance Company. With a rich history dating back to 1896, Bankers Standard Insurance Company has been providing quality insurance products and services to individuals and businesses alike. In this article, we will provide an in-depth review of Bankers Standard Insurance Company, highlighting their history, mission, coverage options, costs, customer reviews, and more. Read on to learn why Bankers Standard Insurance Company should be your go-to insurance provider.

What You Should Know About Bankers Insurance Group, Inc.

Company contact information:

  • Phone number: 1-800-765-9700
  • Website: www.bankersstandard.com
  • Mailing address: P.O. Box 7016, Lancaster, PA 17604-7016

Related parent or child companies: Bankers Standard Insurance Company is a subsidiary of CNA Financial Corporation, a leading commercial insurance provider.

Financial ratings: Bankers Standard Insurance Company has an A (Excellent) rating from A.M. Best, a credit rating agency that specializes in the insurance industry.

Customer service ratings: Bankers Standard Insurance Company has a good reputation for customer service, with many customers praising the company’s responsiveness and helpfulness. However, there are limited customer service ratings available online.

Claims information: Bankers Standard Insurance Company has a strong focus on claims processing, with a goal of processing claims as quickly and efficiently as possible. They offer an online claims portal where customers can file claims and track their progress.

Company apps: Bankers Standard Insurance Company does not currently offer a mobile app for managing policies. However, they do offer an online portal where customers can manage their policies and file claims.

Bankers Insurance Group, Inc. Insurance Coverage Options

Bankers Standard Insurance Company offers a wide range of insurance products to meet the needs of their customers. Their coverage options include:

  • Auto insurance
  • Homeowners insurance
  • Renters insurance
  • Condominium insurance
  • Personal umbrella insurance
  • Business insurance, including property, liability, and workers’ compensation insurance
  • Life insurance, including term life and whole life insurance

Each of these insurance products provides different levels of coverage and protection. For example, auto insurance may include liability coverage, collision coverage, and comprehensive coverage, while homeowners insurance may include coverage for the home itself, personal property, and liability.

Customers can work with a Bankers Standard Insurance Company representative to determine which coverage options are right for them based on their individual needs and circumstances.

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Bankers Insurance Group, Inc. Insurance Rates Breakdown

Driver ProfileBankers Standard Insurance CompanyNational Average
Clean Record$175$119
1+ Ticket$205$147
1+ Accident$240$173
DUI$290$209
Poor Credit$301$205

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

Bankers Insurance Group, Inc. Discounts Available

DiscountBankers Standard Insurance Company
Anti Theft15%
Good Student18%
Low Mileage20%
Paperless8%
Safe Driver20%
Senior Driver10%

Bankers Standard Insurance Company offers a variety of discounts to help customers save money on their insurance premiums. These discounts include:

  • Safe driver discount
  • Good student discount
  • Multi-policy discount
  • Anti-theft device discount
  • Homeowner discount
  • New car discount
  • Pay-in-full discount
  • Paperless discount

Customers may be eligible for one or more of these discounts depending on their individual circumstances. For example, a safe driver with a good driving record may be eligible for a safe driver discount, while a student with good grades may be eligible for a good student discount.

Customers should speak with a Bankers Standard Insurance Company representative to learn more about the discounts they qualify for and how much they could save.

How Bankers Insurance Group, Inc. Ranks Among Providers

Bankers Standard Insurance Company operates in a highly competitive market, with several other major insurance companies vying for the same customers. Some of the company’s main competitors include:

  • State Farm
  • Allstate
  • Nationwide
  • Progressive
  • Geico

Each of these companies offers a wide range of insurance products and services, and they all compete for customers based on factors such as price, coverage options, customer service, and brand reputation.

While Bankers Standard Insurance Company has a strong reputation for customer service and claims processing, they may face challenges competing with larger companies that have more resources and brand recognition.

However, the company’s focus on providing personalized service and customized coverage options may appeal to customers who are looking for a more individualized approach to insurance.

Familiarizing Bankers Insurance Group, Inc.’s Claims Process

Ease of Filing a Claim

Bankers Standard Insurance Company prioritizes a hassle-free claims process for its customers. The company offers multiple channels for filing claims, including online submission through their user-friendly portal, over-the-phone assistance, and a streamlined mobile app.

This commitment to flexibility ensures that customers can choose the method that best suits their preferences and convenience.

Average Claim Processing Time

The average claim processing time at Bankers Standard Insurance Company reflects their dedication to prompt and efficient service. The company has implemented measures to streamline the claims handling process, aiming to provide timely resolutions for their customers.

This commitment contributes to a positive overall experience for policyholders during stressful situations.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a crucial role in evaluating an insurance company’s performance. Bankers Standard Insurance Company receives positive reviews for its claim resolutions and payouts. Customers appreciate the company’s commitment to fair settlements and efficient handling of claims.

This positive sentiment reflects the company’s focus on customer satisfaction in the critical moments following an incident.

Digital and Technological Features of Bankers Insurance Group, Inc.

Mobile App Features and Functionality

Bankers Standard Insurance Company recognizes the importance of digital convenience. Although the company does not currently offer a dedicated mobile app, their online portal compensates for this by providing comprehensive features for policy management.

Customers can access and manage their policies, make payments, and receive updates through this user-friendly web interface.

Online Account Management Capabilities

The online account management capabilities provided by Bankers Standard Insurance Company empower policyholders to take control of their insurance experience. Through the secure online portal, customers can easily view and manage their policies, track claims, and access essential documents.

This digital convenience aligns with the modern expectations of policyholders seeking efficient and accessible services.

Digital Tools and Resources

Bankers Standard Insurance Company understands the value of digital tools and resources in enhancing customer experience. While not offering a mobile app, the company provides a robust set of digital tools and resources through its online platform.

These include educational materials, policy documents, and claims tracking features, ensuring that customers have the necessary information at their fingertips for informed decision-making.

Frequently Asked Questions

Is Bankers Insurance Group, Inc. a good choice?

Bankers Standard Insurance Company has an A (Excellent) rating from A.M. Best and has a good reputation for customer service. While limited customer service ratings are available online, the company focuses on efficient claims processing and offers an online claims portal.

What discounts are available from Bankers Standard Insurance Company?

Bankers Standard Insurance Company offers a variety of discounts, including safe driver discounts, multiple policy discounts, and good student discounts. Eligibility for these discounts depends on individual circumstances.

What coverage options does Bankers Standard Insurance Company provide?

Bankers Standard Insurance Company offers a wide range of coverage options, including auto insurance, home insurance, life insurance, and business insurance. Each product provides different levels of coverage and protection based on individual needs.

How does Bankers Standard Insurance Company compare to its competitors?

Bankers Standard Insurance Company operates in a competitive market and competes with other major insurance companies. While the company has a strong reputation for customer service and claims processing, it may face challenges from larger companies with more resources and brand recognition.

Does Bankers Standard Insurance Company offer any discounts for senior citizens?

Yes, Bankers Standard Insurance Company offers a senior citizen discount for customers who are 55 years or older.

Does Bankers Standard Insurance Company provide online tools for managing insurance policies?

Yes, Bankers Standard Insurance Company offers an online portal where customers can manage their policies, make payments, and file claims.

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Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Michael Vereecke

Commercial Lines Coverage Specialist

Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...

Commercial Lines Coverage 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.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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