If you are looking for an ACSTAR car insurance review, you will be surprised to find that ACSTAR does not offer car insurance. Instead they specialize in contract and surety bonds that are often difficult to fill.
They take on cases that other insurance companies reject. ACSTAR also takes on standard cases. They do this all through agents from different companies throughout the nation. ACSTAR only works with agents that have a proven track record that they can trust.
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Headquartered in New Britain, CT and licensed to sell commercial and contract surety bonds in all 50 states, ACSTAR offers a variety of products. Other insurance companies can present a client’s situation to ACSTAR and they will review the case deciding whether or not to take on the risk. Because of this, they do not work directly with the individual but with the individual’s insurance company.
They offer general building contracts, heavy and industrial contracts, and highway and utility contracts as well as specialty contracts such as joint ventures and advance payment situations.
In the commercial field, they cover workers’ compensation, financial guarantee, licenses and permits, court bonds and tax bonds. Clients will pay more for ACSTAR services since there is higher risk involved.
Acstar can write bonds for small amounts all the way up to $11 million without the backing of any other company. The have an “A” rating from A.M. Best and are treasury listed which means they have been approved by the federal government.
While it’s a solid company it is not a car insurance company. Review you insurer choices with our free car insurance rate quote tool!
