American Bankers Company Car Insurance Review 
American Bankers car insurance is sold through financial institutions, car dealerships, and public utilities. American Bankers Insurance has an "A" financial rating from A.M. Best.
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UPDATED: Jan 26, 2021
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- American Bankers offers coverage through banks and financial institutions rather than agents and brokers
- The company boasts respectable ratings from multiple rating companies
- American Bankers offers several types of coverage
American Bankers Insurance Company is a Miami-based property and casualty firm originally established in 1947 under the name American Bankers Insurance Group.
The company merged with American Security Group with the combined a new organization operating under the name of Assurant Group.
American Bankers offers auto, home, life, flood, and property coverage across the U.S., on a region-by-region basis.
What American Bankers Offers
One of the unique aspects of this company is the means by which it provides insurance coverage.
Rather than working through individual agents and brokers, American Bankers provides a line of specialty insurance products, like classic car coverage, through relationships with other entities such as banks and financial institutions, automobile dealers, public utilities, and others.
Through these relationships, American Bankers underwrites policies that are offered to individual customers by its partners.
As of late 2010, industry reviews showed annual revenue for American Bankers to be in excess of $703 million.
The same reviews indicated the company employed more than 450 individuals at locations in half a dozen states.
The company’s current financial strength rating provided by A.M. Best is an A, which is considered excellent.