Insurance Company of the Americas Car Insurance Review [2020]

Insurance Company of the Americas car insurance is no longer available because the company was declared insolvent in 2003. Use our free tool below to compare car insurance online.

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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: Jan 29, 2021

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UPDATE: In 2003, the state of Florida determined Insurance Company of the Americas to not be solvent. Since then, no record of this company is available.
An Insurance Company of the Americas car insurance review leads to a company that offers not only car insurance to business contractors but also many other insurance and benefit options as well. Insurance Company of the Americas was started in the state of Florida in 2002.

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They provide insurance exclusively for contractors through PEOs but are in the process of switching to multiple polices that are coordinated specifically for individual companies. PEOs are employee leasing companies. Being part of a PEO means that employees can pick and choose what coverage they get and when they get it. This is a great option for employees but costly for employers, so it is being phased out.

Insurance Company of The Americas is unique from other companies in that it offers a pay as you go option for:

The pay as you go plan allows companies to pay for insurance as needed and hold off on payments when jobs are slow or employees are fewer since the construction business has so many peaks and valleys.

In addition to car insurance, the Insurance Company of The Americas also offers workers’ compensation insurance, liability insurance, disability insurance, accident insurance, health insurance, employers’ liability, surety bonding, and builder’s risk insurance.

They are licensed to sell insurance in Florida, Illinois, District of Columbia, New Jersey, New York, Indiana, Louisiana, Mississippi, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas, Utah, West Virginia, and Wisconsin. It is the company’s goal to be licensed in all 50 states within the next few years.

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