American Agricultural Car Insurance Review [2020]

American Agricultural car insurance does not exist because it does not sell individual insurance policies. American Agricultural sells reinsurance to Farm Bureau insurance companies across the country.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 25, 2021

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Company Details
Address: 1501 E. Woodfield Road Suite 300 West
City: Schaumburg
State: IL
ZIP Code: 60173
Phone Number: (847) 969-2900
Year Founded: 1948
Company Rating 0 (0 reviews)

Here's what you need to know...

  • American Agricultural does not offer individual car insurance policies
  • The company is improving upon its 2008 and 2009 fiscal years
  • American Agricultural exists to help farm bureau insurance companies grow and stabilize

American Agricultural Insurance Company, Inc. was founded in 1948 and is based in Schaumburg, Illinois. A secondary office is located in Columbus Ohio.

It has been a stock company since 1968, with the majority of shares being held by the American Farm Bureau Federation and the State Farm Bureau.

American Agricultural Insurance does not provide individual policies such as car insurance, home, fire, or theft. The company provides reinsurance services to Farm Bureau insurance companies across the United States.

The company is involved in both domestic and international reinsurance programs through an extensive broker network.

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What is offered by American Agricultural Insurance?

The company reshaped its mission and refocused its efforts following a study it commissioned in 1997 to help pinpoint areas where they could improve.

Its revamped mission statement declares, among other things, that American Agricultural Insurance Company exists to help Farm Bureau insurance providers grow and become financially stable.

In spring of 2010, financial services rating company A.M. Best downgraded the future outlook of American Agricultural from “stable” to “negative.”

The downgrade was based upon the company’s underwriting losses for the years 2008 and 2009.

In 2008 the loss was $38 million, while the 2009 loss was nearly $80 million.

However, in 2015 A.M. Best upgraded the company’s score to A- (excellent) and gave them a future outlook of stable based on “three consecutive years of operating profitably.”

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