American Equity Car Insurance Review [2020]

American Equity insurance offerings include annuities and life insurance policies. Since there is no American Equity insurance for cars, compare policies using our quote comparison tool below.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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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: Oct 18, 2021

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 car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies 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.

Company Details
Address: One Tower Square
City: Hartford
State: CT
ZIP Code: 06183
Phone Number: 860-277-0111
Year Founded: 1980
AM Best Rating: A++ (Superior)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • American Equity does not sell car insurance coverage
  • The company focuses on other insurance products such as annuity contracts and life insurance policies
  • If you are searching for protection for your vehicles, make sure to research multiple companies online

If you are looking for an American Equity car insurance review, you will find a stable company, but one that does not offer auto insurance coverage. However, as far as insurance providers are concerned, they seem to have sound offerings in terms of customer service, price, and financial ratings, if you’re looking for other types of policies on the current market. You could consider this review as a sort of financial advisor in this case.

Enter your zip code above to receive free car insurance quotes from multiple businesses today!

American Equity has positive financial strength ratings from the Better Business Bureau (A+) and A.M. Best (A-).

Emphasizing annuities and life insurance policies, American Equity does not sell car insurance as one of their products.

However, if you have life insurance from American Equity and you are in the unfortunate circumstance of suffering a fatality in a car accident, your beneficiaries will receive your life insurance benefits.

What are the American Equity options for coverage?

Annuity policies are available from American Equity to help you secure your financial future. Choose from different annuity products, from traditional fixed interest rate annuities to fixed-index interest rate annuities. It all depends on what annuity rates you’re after.

With a traditional annuity, you benefit from tax-deferred monetary growth at competitive interest rates.

You can also choose your premium to be single or flexible with no upfront sales fees. Allowing for flexible payment options is a great business practice. Your IRS withdrawal requirements are met systematically and you can receive additional liquidity under certain circumstances of illness.

With a fixed-indexed interest rate annuity through American Equity, you also receive the benefit of tax-deferred growth, but you have a choice of interest calculation and index options.

You can also receive a lifetime income benefit.

You have three life insurance options from American Equity:

  • Single premium universal life
  • Simplified issue whole life insurance
  • Term life

The single premium universal life option is optimized for estate creation and capital transfer so that your beneficiaries will not have to pay income tax on the death benefit.

If you need access to the cash benefit of the plan, you can liquidate up to ten percent without penalty.

The simplified whole life plan locks in your premium for life and pays beneficiaries tax-free federal income. Emergency cash value is available through policy loans.

Term life insurance is available for five years, ten years, fifteen years, or twenty years.

A life insurance policy through American Equity can make your car insurance more complete, but what you really want are car insurance quotes. Hopefully you found this review helpful, and will now be able to find the type of insurance you need.

As long as you do everything you can, from looking at customer service reviews to comparing all the current rates on the market, you’ll be able to find the company that is best for you.

Enter your zip code into the free tool below and you can find quotes from many other insurers!

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