Financial Indemnity Auto Insurance Review for 2024 (Rates, Discounts, & Options)
This Financial Indemnity auto insurance review explains why Financial Indemnity stands out for high-risk drivers. Offering tailored coverage through Kemper's network, Financial Indemnity offers flexible options and a starting monthly rate of $140, making it a strong choice in specialized auto insurance.
Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the need ...
Licensed Insurance Agent
UPDATED: Nov 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page 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.
UPDATED: Nov 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Financial Indemnity Insurance
Average Monthly Rate For Good Drivers
$140A.M. Best Rating:
A-Complaint Level:
HighPros
- Flexible Coverage Options
- Reliable Claim Support
- Competitive Premium Rates
- Strong Financial Stability
- Customizable Policies
Cons
- Limited Discounts Available
- Regional Availability Issues
- Strict Claim Requirements
This Financial Indemnity auto insurance review highlights why Financial Indemnity, part of Kemper Insurance, Financial Indemnity is a top pick for high-risk drivers needing flexible coverage options.
Known for competitive rates starting at $140 per month, The company’s specialized plans, including liability, collision, and comprehensive coverage, cater to drivers who may face higher premiums with other insurers.
Financial Indemnity Auto Insurance Rating
Rating Criteria Financial Indemnity
Overall Score 3.6
Business Reviews 4.0
Claim Processing 3.4
Company Reputation 4.0
Coverage Availability 2.8
Coverage Value 3.5
Customer Satisfaction 2.5
Digital Experience 4.0
Discounts Available 4.7
Insurance Cost 4.0
Plan Personalization 4.0
Policy Options 2.5
Savings Potential 4.2
Although rates vary, Financial Indemnity provides discounts through Kemper, such as multi-policy and paid-in-full options, making saving easier. Use our quote comparison tool for fast and cheap auto insurance coverage today.
- Financial Indemnity auto insurance offers flexible coverage for high-risk drivers
- Rates start at $140/month, with discounts available through Kemper
- Positive reviews highlight responsive service and tailored policy options
Financial Indemnity Auto Insurance Review
Financial Indemnity, part of the Kemper Corporation, offers a range of auto insurance policies tailored to meet the needs of various drivers.
Financial Indemnity provides robust coverage options and affordability, making it an ideal choice for high-risk drivers who need flexible insurance solutions.Tim Bain Licensed Insurance Agent
In this review, we’ll cover the cost of their auto insurance, how their rates compare to competitors, where to compare auto insurance rates, the coverage options they offer, available discounts, customer feedback, business reviews, pros and cons, and a final summary to help you decide if Financial Indemnity is the right fit for your insurance needs.
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Financial Indemnity Insurance Rates Breakdown
Financial Indemnity has no auto insurance rates you can view publicly. Small and even medium-sized auto insurance companies generally don’t show non-specific rates.
Financial Indemnity Auto Insurance Monthly Rates by Coverage Level, Age, & Gender
Age & Gender Minimum Coverage Full Coverage
Age: 16 Female $340 $420
Age: 16 Male $370 $450
Age: 18 Female $290 $360
Age: 18 Male $320 $400
Age: 25 Female $170 $230
Age: 25 Male $190 $250
Age: 30 Female $150 $200
Age: 30 Male $160 $210
Age: 45 Female $130 $170
Age: 45 Male $140 $180
Age: 60 Female $110 $150
Age: 60 Male $120 $160
Age: 65 Female $100 $140
Age: 65 Male $110 $150
Auto insurance agents in your area or any other location would instead give a personal insurance quote than rates that aren’t adjusted to your specific situation. An individual insurance quote estimates car insurance costs using your personal information to generate the insurance cost.
It’s best to cover all of our bases. Therefore, we will provide the average monthly rate of all 50 states in the data summary.
Auto Insurance Monthly Rates as a Percent of Income by State
State Rates Median Household Income Insurance as % of Income
Alabama $92 $53,913 2.05%
Alaska $99 $77,845 1.53%
Arizona $105 $69,056 1.82%
Arkansas $98 $52,528 2.24%
California $130 $84,907 1.84%
Colorado $110 $82,254 1.60%
Connecticut $115 $83,771 1.65%
Delaware $120 $71,091 2.03%
Florida $123 $63,062 2.34%
Georgia $105 $66,559 1.89%
Hawaii $84 $84,857 1.19%
Idaho 81 $66,474 1.46%
Illinois $97 $72,205 1.61%
Indiana $85 $62,743 1.63%
Iowa $78 $65,600 1.43%
Kansas $92 $64,124 1.72%
Kentucky $97 $55,573 2.09%
Louisiana $135 $52,087 3.11%
Maine $77 $64,767 1.43%
Maryland $110 $90,203 1.46%
Massachusetts $125 $89,645 1.67%
Michigan $140 $48,716 3.45%
Minnesota $92 $77,720 1.42%
Mississippi $100 $48,716 2.46%
Missouri $95 $61,847 1.84%
Montana $98 $63,249 1.86%
Nebraska $90 $66,817 1.62%
Nevada $115 $66,274 2.08%
New Hampshire $89 $88,465 1.21%
New Jersey $125 $89,296 1.68%
New Mexico $102 $53,992 2.27%
New York $120 $74,314 1.94%
North Carolina $88 $61,972 1.70%
North Dakota $87 $66,519 1.57%
Ohio $86 $62,262 1.66%
Oklahoma $95 $55,826 2.04%
Oregon $96 $71,562 1.61%
Pennsylvania $101 $68,957 1.76%
Rhode Island $118 $74,008 1.91%
South Carolina $97 $59,318 1.96%
South Dakota $88 $66,143 1.60%
Tennessee $91 $59,695 1.83%
Texas $109 $66,963 1.95%
Utah $89 $79,449 1.34%
Vermont $82 $72,431 1.36%
Virginia $92 $80,963 1.36%
Washington $110 $84,247 1.57%
West Virginia $101 $51,248 2.36%
Wisconsin $84 $67,125 1.50%
Wyoming $95 $65,204 1.75%
The following sub-section will give you every state’s average auto insurance costs. These rates are based on the average price of auto insurance.
Financial Indemnity Auto Insurance Coverage Cost
The average monthly rate for good drivers with Financial Indemnity is around $140. However, your premium can vary based on your driving history, location, and vehicle type. Due to the company’s risk assessment model, high-risk drivers may see significantly higher rates.
Financial Indemnity Average Cost vs. Competitors
For specific driver profiles, financial indemnity rates are higher than those of significant auto insurance companies. While some competitors, like Geico or Progressive, may offer lower rates for low-risk drivers, Financial Indemnity premiums are often more competitive for drivers with less-than-perfect records.
$140 per month is slightly above the national average for good drivers, but Financial Indemnity may offer more flexibility for high-risk individuals and auto insurance for different drivers.
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Financial Indemnity Insurance Coverage Options
Financial Indemnity offers solid car insurance solutions that complement Kemper’s broad portfolio. Its standard services, including coverage for liability, collision, and comprehensive insurance, meet the basic needs of most drivers.
In addition, Financial Indemnity offers niche products for unique consumer needs, such as high-risk auto insurance and specialized coverages for unique vehicle categories.
Liability Auto Insurance Coverage Requirements by State
State Requirement
Alabama 25/50/25
Alaska 50/100/25
Arizona 15/30/10
Arkansas 25/50/25
California 15/30/5
Colorado 25/50/15
Connecticut 25/50/20
Delaware 25/50/10
Florida 10/20/10
Georgia 25/50/25
Hawaii 20/40/10
Idaho 25/50/15
Illinois 25/50/20
Indiana 25/50/25
Iowa 20/40/15
Kansas 25/50/25
Kentucky 25/50/25
Louisiana 15/30/25
Maine 50/100/25
Maryland 30/60/15
Massachusetts 20/40/5
Michigan 20/40/10
Minnesota 30/60/10
Mississippi 25/50/25
Missouri 25/50/25
Montana 25/50/20
Nebraska 25/50/25
Nevada 25/50/20
New Hampshire 25/50/25
New Jersey 15/30/5
New Mexico 25/50/10
New York 25/50/10
North Carolina 30/60/25
North Dakota 25/50/25
Ohio 25/50/25
Oklahoma 25/50/25
Oregon 25/50/20
Pennsylvania 15/30/5
Rhode Island 25/50/25
South Carolina 25/50/25
South Dakota 25/50/25
Tennessee 25/50/15
Texas 30/60/25
Utah 25/65/15
Vermont 25/50/10
Virginia 25/50/20
Washington 25/50/10
Washington, D.C. 25/50/10
West Virginia 25/50/25
Wisconsin 25/50/10
Wyoming 25/50/20
Every U.S. state has its liability coverage limits and requirements; as such, liability coverage is the minimum requirement for auto insurance. We compiled a data table with minimum liability requirements by state as provided by the Insurance Information Institute.
Financial Indemnity Discounts Available
Can you get a discount from Financial Indemnity auto insurance? Financial Indemnity will have discounts available from their parent company, Kemper. Kemper lists its auto insurance discounts, which are:
- Anti-Theft Devices
- Away at School
- Driver Training Course
- Good Student
- Multiple Coverages
- Package
- Passive Restraint or Passenger Airbags
Here are some other Kemper auto insurance discounts that will help you save money:
- Paid in Full Discount
- Prior Insurance Discount
- Residence Discount
- Multi-Car Discount
The paid-in-full discount applies when you pay the balance in full at the start of the auto insurance policy period. The prior insurance discount happens when you keep your current Kemper or Financial Indemnity Company auto insurance policy active.
In addition to auto insurance, Kemper home insurance reviews also suggest high customer satisfaction with home coverage.
Homeowners with a Financial Indemnity or Kemper auto insurance policy can receive a discount. If you need to insure multiple vehicles, lower your auto insurance rates by including multiple drivers and cars on your policy.
Financial Indemnity Customer Reviews
Customer reviews for Financial Indemnity are mixed. Many appreciate the company’s tailored approach for high-risk drivers and find the claims process straightforward. However, some customers have reported higher-than-expected rates and occasional customer service response times delays.
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Financial Indemnity Business Reviews
Financial Indemnity has an A+ rating with the Better Business Bureau (BBB), indicating that, from a business perspective, it takes customer complaint resolution and relationship-building with policyholders very seriously.
Financial Indemnity Insurance Business Ratings & Consumer Reviews
Agency | Financial Indemnity Insurance |
---|---|
Score: B+ Positive Business Practices |
|
Score: 2.00 More Complaints Than Avg. |
|
Score: A- Strong Financial Strength |
Though less widely known than some more extensive national options, Financial Indemnity has built a reputation as a solid choice for a niche market.
Financial Indemnity Pros and Cons
Kemper Specialty specializes in car insurance for high-risk drivers, providing attractive rates and a versatile discount program. This is great to have, and although sometimes it will be hard to find—it’s not uncommon—it makes it possible when you need it most.
Pros
- Business Description: Attractive rates for high-risk drivers: Kemper Specialty provides low prices to drivers with rough records, making it a good option for risky drivers.
- Various Coverage Options: Drivers can customize policies to cover what matters most, including specialized coverages that high-risk drivers often need.
- Low-Cost Premiums: Kemper offers discounts to lower premiums if you have something like a safe driver or bundling discount, which is excellent for cost-minded customers.
- Uncomplicated Claims Process: With a simplified process, policyholders have less to stress about, and filing a claim is faster.
- Additional Trust From a Surprisingly Respected Insurance Group (Kemper): Kemper Specialty services automatically bring a touch of prestige simply because an entire well-run insurance organization backs them.
Cons
- Not Competitive on Low-Risk Drivers: Kemper Specialty’s rates can’t compete with those of low-risk drivers, who may be able to find cheaper rates with another auto insurance company.
- Availability is Limited to Some States: Kemper is not a national provider, so they may not be an option in every state, restricting options for some drivers.
- Mixed Reviews on Customer Service: Many complain that Kemper Specialty is unreliable when paying claims. However, customer service experiences are diverse; some may care more about support quality than anything else.
Overall, Kemper Specialty is an excellent option for high-risk drivers who want competitive rates and various coverage options. That said, better rates may be available for people without a record and those who learn how to lower their auto insurance rates.
Financial Indemnity’s Affiliation with Kemper
Financial Indemnity is a much-needed addition to Kemper Specialty, a cash cow due to its market strength and financial fortitude.
The relationship allows Financial Indemnity to continue delivering the best service while keeping prices competitive. This is due to its extensive, naturally developed insurance knowledge, which is reflected in its A.M. Best ratings and overall carrier standing in its space.
For more information, read “Kemper Direct Auto Insurance Review.”
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Financial Indemnity Final Overview
While Financial Indemnity auto insurance is a suitable option for drivers with difficulty finding reasonably priced coverage elsewhere, such as high-risk drivers or those with less-than-perfect driving records, its insurance plans are relatively low-priced and don’t offer much in-depth research.
With Financial Indemnity's starting rate of $140, high-risk drivers can access reliable and customizable coverage tailored to their unique needs.Heidi Mertlich Licensed Insurance Agent
They offer various options, including full-coverage auto insurance and good driver discounts, although their rates are occasionally the lowest. Their customer service and business reviews are generally favorable, although not stellar, especially regarding service responsiveness.
Financial Indemnity might be well-suited for high-risk drivers or those who want flexible coverage. Still, shopping around through other carriers for lower-risk drivers might be more economical. Use our free comparison tool to see what auto insurance quotes look like in your area.
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Frequently Asked Questions
What types of coverage does the Financial Indemnity Insurance Company offer?
The Financial Indemnity Insurance Company offers coverage options such as liability, collision, and comprehensive, specializing in flexible solutions for high-risk drivers. Check out our “Compare Cheap Online Auto Insurance Quotes.”
How do reviews rate Kemper FinanciIndemnity’sy’s insurance services?
Kemper insurance reviews often rate Financial Indemnity highly for its affordability and customizable policies, particularly for drivers who may face higher rates elsewhere.
How can I manage my policy with Kemper EZPay?
Kemper EZPay offers easy, automated policy payments, helping you manage monthly bills without hassle.
What are the Kemper auto insurance reviews for claims processing?
Kemper car insurance reviews highlight a straightforward claims process, which is especially valuable for Financial Indemnity customers with unique coverage needs. For more details, explore the “What are the insurances of auto insurance?” section.
How is the Kemper insurance rating on the BBB?
The Kemper auto insurance rating on the BBB is generally favorable, reflecting a commitment to customer service and responsive claims handling.
What should I know about Financial Indemnity insurance claims?
Financial Indemnity insurance claims can be filed online or by phone, and many customers note clear communication. Enter your ZIP code into our free comparison tool today for the best auto insurance rates.
Is Financial Indemnity Insurance Company part of Kemper?
Financial Indemnity Company Insurance is a subsidiary of Kemper that offers specialized options tailored to high-risk drivers. Read our “What is auto insurance” to learn more.
What are some highlights of the Kemper auto insurance review?
Kemper car insurance review highlights competitive rates and options for high-risk drivers, primarily through its Financial Indemnity offerings.
Does Kemper Financial Indemnity Company offer online claims?
Yes, Kemper Financial Indemnity Company offers online claims filing for added convenience.
HKemper’sKemper life insurance reviews compare to auto insurance ratings. Kemper’s
life insurance reviews show similarly positive customer satisfaction, with life and auto insurance emphasizing reliable service. Discover our “Auto Insurance Premium” for further insights.
What is the Kemper Financial Indemnity Company car insurance known for?
Financial Indemnity Company Kemper car insurance is known for accommodating high-risk drivers with competitive rates and flexible coverage.
How is the Kemper insurance claims review feedback for high-risk drivers?
Kemper insurance claims reviews reflect positive feedback, especially for Financial Indemnity, which provides reliable support for high-risk driver claims.
What benefits does Kemper Specialty EZPay offer for auto policies?
Kemper Specialty EZPay allows policyholders to set up automated payments, making managing Financial Indemnity policy payments easier. For more information, browse our “Is auto insurance a waste of money
How can I Contact Financial Indemnity for Insurance Claims?
To file a claim or inquire about your policy, you can reach Financial Indemnity by calling their claims department. The Financial Indemnity claims phone number is the same as the general Financial Indemnity insurance phone number. For any claims-related issues, contact the Financial Indemnity company claims phone number to get assistance directly from their team.
What’s the reputation of Charter Indemnity Insurance Company under Kemper?
Charter Indemnity Insurance Company, also under Kemper, is recognized for providing solid options for niche insurance needs. Enter your ZIP code into our free quote tool to find the best auto insurance providers for your needs and budget.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the need ...
Licensed Insurance Agent
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.