Financial Indemnity Auto Insurance Review (2024)

Financial Indemnity auto insurance is a part of Kemper Insurance. Car insurance from Financial Indemnity Company is available in 23 states. Learn more in our Financial Indemnity auto insurance review below, including car insurance rates by state, company ratings, how to file Financial Indemnity claims, how to get quotes, and more.

UPDATED: Apr 30, 2024Fact Checked

Jeff Root

Licensed Insurance Agent

Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...

Licensed Insurance Agent

Eric Stauffer

Licensed Insurance Agent

Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...

Licensed Insurance Agent

UPDATED: Apr 30, 2024

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 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: Apr 30, 2024

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 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.

UPDATED: Apr 30, 2024Fact Checked
no image available
0 reviews

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Financial Indemnity Insurance

Average monthly rate for good drivers:

N/A

A.M. Best rating:

A-

Complaint level:

Low

Pros

  • Families
  • People who need home and auto insurance

Cons

  • Retirees
  • Single adults
  • Insurance shoppers who prefer to buy online

Final Verdict: Review of Financial Indemnity Insurance

Financial Indemnity Company has been around for a while, but the company has probably merged with bigger companies to stay in business. It’s commonplace in smaller insurance companies.

While Financial Indemnity underwrites insurance policies for Kemper, they maintain a strong financial standing even today. The auto insurance rates fall in the range of average annual rates.

However, the lack of information and poor consumer reviews at Kemper may have potential customers second guessing whether they want auto insurance from either company.

Financial Indemnity Insurance has an excellent financial rating, but can you save money with them? You don't have time to research every company in detail, and Financial Indemnity Company reviews can be hard to find. We've got everything you need to know about the company in our Financial Indemnity auto insurance review below. Compare the auto insurance quotes from some of the best auto insurance companies by entering your ZIP code in the free comparison tool above.  

What You Should Know About Financial Indemnity

Financial indemnity company insurance is known for its robust auto insurance options available in 23 states. Recognized for their specialization in auto insurance, they cater to a broad range of customers with varied needs. As a part of the kemper financial indemnity company, the firm leverages extensive resources to meet customer needs.

Financial Indemnity Company shares Kemper Corporation’s A.M Best rating, which is an “A-.” The “A-” is an excellent rating under A.M. Best standard. This means that Kemper and its associates have met the obligations to its customers.

However, the location of Financial Indemnity’s Dallas, Texas, has been rated as B+ under the Better Business Bureau (BBB).

Financial Indemnity Company has no more ratings listed, but Kemper is in good financial standing. Despite its financial success, Kemper’s insurance reviews at the BBB are “A+,” but its customer review ratings are just one star.

Across the internet, Kemper auto insurance reviews have a decent rating from financial and credit rating agencies but have many consumer complaints.

Financial Indemnity Company is an insurance company that was incorporated in December 1945. The company earned assets totaling $136,996,719, capital of $2.6 million, and a net surplus of $28,204,503.

Financial Indemnity underwrites for Kemper, which was formerly known as Unitrin.

By 1990, Financial Indemnity’s parent company, Unitrin, made strides to expand its organization through stocks.

In 2002, Unitrin bought rights for the homeowners and auto insurance lines of Kemper Insurance, which was an insurance company based in Chicago that provided insurance and financial services.

Unitrin finally purchased all rights to the Kemper in 2010. As of August 2011, it currently operates as the Kemper Corporation trades on the New York Stock Exchange, and provides insurance.

Financial Indemnity auto insurance underwrites for the Kemper Corporation. Any online management or information will be through the Kemper Corporation insurance website. Therefore, Financial Indemnity’s only online presence is through Kemper’s website.

Financial Indemnity Insurance Coverage Options

Financial Indemnity, aligning with Kemper’s extensive portfolio, offers robust car insurance options. Their offerings include standard coverage such as liability, collision, and comprehensive insurance, addressing the essential needs of most motorists. Additionally, Financial Indemnity extends specific products that cater to unique customer demands, including high-risk auto insurance and specialized coverages for unique vehicle categories.

Liability coverage is the minimum requirement for auto insurance in each U.S. state has its liability coverage limits and requirements.

The Insurance Information Institute provides a list of minimum liability requirements by state, which we’ve summarized in a data table.

Minimum Auto Insurance Coverage Requirements by State
StatesCoveragesLimits
AlabamaBodily injury and property damage liability25/50/25
AlaskaBodily injury and property damage liability50/100/25
ArizonaBodily injury and property damage liability15/30/10
ArkansasBodily injury and property damage liability; personal injury protection25/50/25
CaliforniaBodily injury and property damage liability15/30/5
ColoradoBodily injury and property damage liability25/50/15
ConnecticutBodily injury and property damage liability; uninsured/underinsured motorist protection25/50/20
DelawareBodily injury and property damage liability; personal injury protection25/50/10
Washington, D.C.Bodily injury and property damage liability; uninsured/underinsured motorist protection25/50/10
FloridaProperty damage liability and personal injury protection10/20/10
GeorgiaBodily injury and property damage liability25/50/25
HawaiiBodily injury and property damage liability; personal injury protection20/40/10
IdahoBodily injury and property damage liability25/50/15
IllinoisBodily injury and property damage liability; uninsured/underinsured motorist protection25/50/20
IndianaBodily injury and property damage liability25/50/25
IowaBodily injury and property damage liability20/40/15
KansasBodily injury and property damage liability; personal injury protection25/50/25
KentuckyBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist protection25/50/25
LouisianaBodily injury and property damage liability15/30/25
MaineBodily injury and property damage liability; uninsured/underinsured motorist coverage; medical payments50/100/25
MarylandBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage30/60/15
MassachusettsBodily injury and property damage liability; personal injury protection20/40/5
MichiganBodily injury and property damage liability; personal injury protection20/40/10
MinnesotaBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage30/60/10
MississippiBodily injury and property damage liability25/50/25
MissouriBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
MontanaBodily injury and property damage liability25/50/20
NebraskaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
NevadaBodily injury and property damage liability25/50/20
New HampshireFinancial responsibility only25/50/25
New JerseyBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage15/30/5
New MexicoBodily injury and property damage liability25/50/10
New YorkBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage25/50/10
North CarolinaBodily injury and property damage liability; uninsured/underinsured motorist coverage30/60/25
North DakotaBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage25/50/25
OhioBodily injury and property damage liability25/50/25
OklahomaBodily injury and property damage liability25/50/25
OregonBodily injury and property damage liability; personal injury protection; uninsured/underinsured motorist coverage25/50/20
PennsylvaniaBodily injury and property damage liability; personal injury protection15/30/5
Rhode IslandBodily injury and property damage liability25/50/25
South CarolinaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
South DakotaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
TennesseeBodily injury and property damage liability25/50/15
TexasBodily injury and property damage liability; personal injury protection30/60/25
UtahBodily injury and property damage liability; personal injury protection25/65/15
VermontBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/10
VirginiaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/20
WashingtonBodily injury and property damage liability25/50/10
West VirginiaBodily injury and property damage liability; uninsured/underinsured motorist coverage25/50/25
WisconsinBodily injury and property damage liability; uninsured/underinsured motorist coverage; medical payments25/50/10
WyomingBodily injury and property damage liability25/50/20

States like Texas require PIP and Med Pay. These items in liability coverage are known as additional liabilities. PIP and Med Pay are automatically placed in liability coverage with no extra cost if your state requires it.

PIP stands for Personal Injury Protection, and Med Pay stands for Medical Payments.

Liability auto insurance covers bodily injury and property damage to the other driver. How liability covers overall loss depends on the state.

Even small companies like Financial Indemnity carry collision and comprehensive coverage. Financial Indemnity is currently based in Dallas, Texas. Therefore, Financial Indemnity would follow the insurance law of Texas.

In addition to the likelihood of motorists purchasing a vehicle, Dallas has one of the biggest motorist populations in the U.S. Therefore, collision and comprehensive auto insurance coverages are highly recommended.

Kemper does offer Guaranteed Auto Protection (GAP). GAP insurance is protection if your vehicle damage is determined to be a total loss.

Financial Indemnity roadside assistance is also offered through Kemper. This will help when you need to tow your car to an auto repair shop or if your battery needs a jump.

Financial Indemnity Insurance Claims Processing and Customer Service

Financial Indemnity is committed to efficient customer service and claims processing. Financial indemnity company claims can be made through several channels, ensuring a smooth process for policyholders. Customers can reach out via the kemper car insurance phone number for direct communication regarding their car insurance policies.

Policyholders can contact their support or claims department via several methods:

  • Financial Indemnity Claims Phone Number: Available for quick access to file claims and inquire about claim status.
  • Financial Indemnity Insurance Customer Service Phone Number: General inquiries, including policy details and payments.

The integration of Kemper’s technology, like the Kemper specialty EZPay system, streamlines payment processes, enhancing customer convenience. For a direct response, use the financial indemnity company claims phone number listed in your policy documents.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

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 auto insurance rates.

Auto insurance agents in your area or any other location would rather give a personal insurance quote than rates that aren’t adjusted to your specific situation. A personal insurance quote estimates car insurance costs using your personal information to generate the insurance cost.

In the next sub-section, we will give you the average auto insurance costs in every state. These rates are based on the average cost of auto insurance.

Small companies like Financial Indemnity Insurance Company have limited availability in-person and online. Financial Indemnity car insurance serves in 23 states, but it isn’t clear whether they have independent brokers nationwide.

It’s best to cover all of our bases. Therefore, we will provide the average annual rate of all 50 states in the data summary.

Don't let the wording confuse you. Rates and premiums are essentially the same. The rates displayed in the table are a composite of average annual rates from auto insurance companies in each state.

See how the average annual rates are cheaper in some states and more expensive in others. Depending on your income, auto insurance can be expensive.

Let's look at another data table that describes how auto insurance affects the average person's annual income in each state.

Average Annual Auto Insurance Rates as a Percent of Income by State
StatesAverage Annual RatesAverage Annual IncomeInsurance as a Percentage of Income
Virginia$2,358$65,7303.59%
Hawaii$2,556$69,2873.69%
West Virginia$2,595$63,3434.10%
Massachusetts$2,679$72,0603.72%
Ohio$2,710$61,9874.37%
Maine$2,953$60,6644.87%
Idaho$2,979$58,1575.12%
Iowa$2,981$66,3144.50%
Washington$3,059$71,5814.27%
New Hampshire$3,152$63,3094.98%
Wyoming$3,200$66,3144.83%
Montana$3,221$66,3144.86%
Vermont$3,234$64,9014.98%
Kansas$3,280$60,9105.38%
Nebraska$3,284$70,1224.68%
Illinois$3,305$61,1635.40%
Missouri$3,329$57,4355.80%
North Carolina$3,393$65,7665.16%
Indiana$3,415$60,0335.69%
Alaska$3,422$58,1525.88%
New Mexico$3,464$72,7714.76%
Oregon$3,468$62,2595.57%
Alabama$3,567$66,3145.38%
Wisconsin$3,606$61,7835.84%
Utah$3,612$61,4885.87%
Tennessee$3,661$62,3555.87%
Mississippi$3,665$57,3986.38%
California$3,689$65,2695.65%
Arizona$3,771$58,5016.45%
South Carolina$3,781$62,6326.04%
Colorado$3,876$62,2756.22%
South Dakota$3,982$63,4486.28%
Pennsylvania$4,035$62,9086.41%
Texas$4,043$58,6966.89%
Arkansas$4,125$62,4236.61%
Oklahoma$4,142$61,0906.78%
North Dakota$4,166$66,3146.28%
New York$4,290$66,3146.47%
Minnesota$4,403$62,5597.04%
Maryland$4,583$66,8046.86%
Connecticut$4,619$66,7286.92%
Florida$4,680$56,0468.35%
Nevada$4,862$53,4599.09%
Georgia$4,967$59,4248.36%
Rhode Island$5,003$65,5127.64%
Kentucky$5,195$63,4778.18%
New Jersey$5,515$58,6279.41%
Louisiana$5,711$60,7199.41%
Delaware$5,986$62,3319.60%
Michigan$10,499$58,25318.02%

A motorist earning the average annual income will pay a small percentage of their income per year. The largest auto insurance, as a percentage of income, is in Michigan.

For more information or to get a quote, please call the financial indemnity phone number listed on our website.

 

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

Kemper’s auto insurance also discounts those who enroll in text alerts known as Kemper EZPay℠ Text Cancel Alerts.

Kemper EZPay℠ Text Cancel Alerts notify you when your policy about to be canceled for nonpayment.

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 is applied when you have paid 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 suggest high customer satisfaction for home coverage as well. 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 vehicles on your policy.

Financial Indemnity’s Affiliation with Kemper

Financial Indemnity operates as a crucial part of Kemper Specialty, benefiting from Kemper’s strong market presence and financial stability. This relationship supports Financial Indemnity in maintaining high standards of service and extensive insurance knowledge, reflecting positively in their A.M. Best ratings and overall industry standing.

Reviews and Consumer Feedback

Kemper, the parent company, often reflects the consumer sentiment towards its subsidiaries like Financial Indemnity. Kemper’s reviews are mixed, with many appreciating the comprehensive coverage options and customer service, while some point out areas needing improvement, particularly in claims handling. Prospective customers are advised to read Kemper insurance reviews to gauge service quality. The Kemper insurance rating by A.M. Best affirms the company’s strong financial health.

Kemper’s Financial Stability and Ratings

Kemper’s financial robustness is mirrored in its ratings, with A.M. Best providing a strong indication of its ability to meet obligations. The stability of Kemper fortifies Financial Indemnity’s position in providing reliable insurance solutions.

Frequently Asked Questions

Is Financial Indemnity a definition in the dictionary?

Technically speaking, there’s no financial indemnity definition. “Financial indemnity” isn’t a definition, but “indemnity” is.

In insurance, indemnity means an arrangement where a financial institution, like an insurance provider, agrees to pay its customer for any financial losses from bodily injury, property damage, theft, or loss of the client’s property.

What is an indemnity fee? This could have several meanings, but it doesn’t apply to auto insurance.

Can I manage my Kemper auto insurance online?

Yes. At the top right of Kemper’s website, click “Customer Login.” If you don’t have an account, you can register for one. You may need a policy before you can log in. You can also use the Kemper Insurance app.

Is Kemper a good insurance company?

Kemper has a solid reputation, but what makes an insurance company a good fit depends on the person.

What types of auto insurance coverage does Financial Indemnity offer?

Financial Indemnity Auto Insurance offers a range of auto insurance coverage options to meet the needs of drivers. Some common Financial Indemnity company car insurance coverage options include liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, personal injury protection (PIP) coverage, and more. They may also provide specialized coverage for motorcycles and high-risk drivers.

How can I obtain a quote for Financial Indemnity Auto Insurance?

To obtain a quote for Financial Indemnity Auto Insurance, you can visit their official website or contact their customer service directly. They will typically require information such as your personal details, vehicle information, driving history, and coverage preferences to provide an accurate quote.

What is the phone number for Financial Indemnity claims?

For claims processing and inquiries, policyholders can contact the Financial Indemnity claims department directly through their specific phone number provided in your insurance documentation or the official website.

How does Financial Indemnity integrate with Kemper Specialty?

Financial Indemnity is a crucial component of Kemper Specialty, leveraging Kemper’s broad resources and industry presence to provide specialized and comprehensive insurance solutions to a varied clientele.

What types of insurance does Financial Indemnity provide?

Primarily focused on auto insurance, Financial Indemnity offers a range of coverages including liability, collision, and comprehensive plans, tailored to meet the needs of diverse drivers, including those classified as high-risk.

Are there any specific discounts offered by Financial Indemnity?

While specific discount details are best obtained directly from the company, Financial Indemnity, under Kemper, often provides discounts related to safe driving, multi-policy bundles, and automated payment setups.

Can I manage my Financial Indemnity policy online?

Yes, through Kemper’s integrated system, policyholders can manage their policies, make payments, and handle claims online, providing convenience and efficiency in managing insurance needs.

What is the Financial Indemnity Insurance phone number?

To discuss your policy details or file a claim, please contact the financial indemnity company phone number provided on their site.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

Jeff Root

Licensed Insurance Agent

Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...

Licensed Insurance Agent

Eric Stauffer

Licensed Insurance Agent

Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...

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.

Compare Quotes from Top Companies and Save

Enter your ZIP code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption