Universal American Financial Insurance Review & Ratings (2023)

Universal American Financial Insurance is a reputable car insurance company that has been serving customers since 1947. With a mission to provide affordable and quality coverage, the company offers a variety of products and services to meet the needs of its clients.

Customers can qualify for discounts on their premiums, and the company has received positive reviews for its customer service and claims handling. Read on for a detailed review of Universal American Financial Insurance.

Interesting Attributes of Universal American Financial Insurance:

• The company has a wide network of independent agents, which makes it easy for customers to find a local agent to assist them with their insurance needs.
• Universal American Financial Insurance offers a range of discounts that can help customers save money on their premiums. These discounts include safe driver discounts, multi-car discounts, and discounts for customers who bundle their home and auto insurance policies.
• The company has received high marks for its customer service and claims handling.

Universal American Financial Insurance is a car insurance company that has been around for over 70 years. The company has built a reputation for providing quality coverage at an affordable price, and it offers a variety of products and services to meet the needs of its clients.

Universal American Financial Insurance History and Mission

Universal American Financial Insurance has a long and storied history that dates back to 1947, when the company was founded as the Western Indemnity Insurance Company. Initially, the company focused on providing liability insurance to trucking companies, but it soon expanded its offerings to include personal auto insurance.

Over the years, the company underwent several name changes and mergers, eventually becoming a subsidiary of the Global Indemnity Group. Today, Universal American Financial Insurance operates in 27 states across the country, serving the insurance needs of individuals and families.

The company’s mission is to provide affordable, quality insurance products and services to its clients. Universal American Financial Insurance believes that everyone deserves access to reliable and affordable insurance coverage, and it is committed to meeting the needs of its customers in a timely and efficient manner.

The company has a wide network of independent agents who are knowledgeable about the products and services it offers, and who are dedicated to helping customers find the coverage that best meets their needs. Additionally, the company invests heavily in technology and data analytics to better understand its customers and provide them with tailored solutions.

Types of Insurance Offered by Universal American Financial

Universal American Financial Insurance offers a range of insurance products to meet the needs of individuals and families. Here is an overview of the main types of insurance offered by the company:

• Auto insurance: Universal American Financial Insurance offers a range of auto insurance products, including liability insurance, collision insurance, and comprehensive insurance. Additionally, the company offers optional coverage such as roadside assistance, rental reimbursement, and glass coverage.
• Home insurance: Universal American Financial Insurance offers homeowners insurance to protect your home and personal belongings in the event of a covered loss. The company’s policies include coverage for the structure of your home, as well as personal liability and medical payments coverage.
• Renters insurance: Universal American Financial Insurance offers renters insurance to protect your personal belongings in the event of a covered loss. The company’s policies also include liability coverage, which can help protect you in the event that someone is injured while visiting your home.
• Condo insurance: Universal American Financial Insurance offers condo insurance to protect your personal property and the interior of your unit in the event of a covered loss. The company’s policies also include liability coverage, which can help protect you in the event that someone is injured while visiting your unit.
• Umbrella insurance: Universal American Financial Insurance offers umbrella insurance to provide additional liability coverage above and beyond the limits of your other insurance policies. This can help protect you in the event of a major lawsuit or other liability claim.

The Cost of Coverage With Universal American Financial Insurance

The cost of Universal American Financial Insurance can vary depending on a number of factors, including the type of insurance you need, the coverage limits you select, your location, your driving record, and other personal factors. Here are some factors that can affect the cost of the company’s insurance products:

• Type of insurance: The cost of auto insurance, for example, will be different from the cost of renters insurance or umbrella insurance.
• Coverage limits: The higher the coverage limits you select, the more expensive your insurance premium may be.
• Location: Insurance rates can vary depending on where you live. For example, if you live in an area with a high rate of car theft or accidents, your auto insurance premium may be higher.
• Driving record: If you have a history of accidents or traffic violations, your auto insurance premium may be higher.
• Personal factors: Insurance companies also take into account factors such as your age, gender, and credit score when determining your insurance premium.

Areas Where Universal American Financial Insurance is Offered

Universal American Financial Insurance operates in 27 states across the United States. Here are some of the major states where the company offers insurance products:

• California: Universal American Financial Insurance is licensed to operate in California and offers a range of insurance products in the state, including auto, home, and renters insurance.
• Florida: The company is also licensed to operate in Florida and offers a range of insurance products in the state, including auto, home, renters, and condo insurance.
• Texas: Universal American Financial Insurance offers auto, home, renters, condo, and umbrella insurance in Texas, where it is licensed to operate.
• New York: The company offers auto, home, renters, and umbrella insurance in New York, where it is licensed to operate.
• Pennsylvania: Universal American Financial Insurance is licensed to operate in Pennsylvania and offers a range of insurance products in the state, including auto, home, renters, and umbrella insurance.
• New Jersey: The company offers auto, home, renters, and umbrella insurance in New Jersey, where it is licensed to operate.

If you’re interested in finding out whether Universal American Financial Insurance provides coverage in your state, you can follow these four steps:

1. Visit the Universal American Financial insurance website: The company’s website provides a wealth of information about its insurance products and services, including the states where it operates.
2. Navigate to the “Products” or “Insurance” section of the website: From the homepage, you can typically find links to the various types of insurance products offered by the company. Click on the appropriate link to access information about the types of insurance you’re interested in.
3. Look for information about the states where coverage is available: Within each product section, the company will typically provide information about the states where it provides coverage. This information may be displayed on a map, or in a list format.
4. Contact an independent agent: If you’re unable to find information about coverage in your state on the company’s website, you can contact an independent agent who represents Universal American Financial Insurance. They can provide information about the types of insurance products available in your state, as well as the cost and availability of coverage.

Discounts Available From Universal American Financial Insurance

Universal American Financial Insurance offers a variety of discounts to help customers save money on their insurance premiums. Here are some of the discounts that may be available to you:

• Safe driving discount: If you have a good driving record with no accidents or traffic violations, you may be eligible for a safe driving discount. This discount can vary depending on your state and the type of insurance you have.
• Bundling discount: If you purchase multiple insurance policies from Universal American Financial Insurance, such as auto and home insurance, you may be eligible for a bundling discount. This discount can help you save money on both policies.
• Good student discount: If you’re a student with good grades, you may be eligible for a good student discount on your auto insurance. This discount is usually available to full-time high school or college students who maintain a certain GPA.
• Home safety discount: If you have certain safety features in your home, such as a security system or smoke detectors, you may be eligible for a home safety discount on your home insurance.
• Multi-vehicle discount: If you insure multiple vehicles with Universal American Financial Insurance, you may be eligible for a multi-vehicle discount. This discount can help you save money on your auto insurance premiums.
• Paid in full discount: If you pay your insurance premiums in full, you may be eligible for a paid in full discount. This discount can vary depending on the type of insurance you have and the length of the policy.

Customer Reviews of Universal American Financial Insurance

Customer reviews are a valuable source of information when evaluating an insurance company. Here is an overview of what customers are saying about Universal American Financial Insurance:

Strengths:

• Competitive pricing: Many customers report that Universal American Financial Insurance offers competitive pricing for its insurance products, especially when compared to other insurance companies.
• Easy claims process: Several customers have praised the company’s claims process, stating that it is straightforward and easy to navigate. Customers appreciate the fast response times and quick settlements.
• Knowledgeable customer service: Many customers have reported positive experiences with Universal American Financial Insurance’s customer service team. Customers appreciate the company’s knowledgeable representatives who are able to answer questions and provide helpful information.

Weaknesses:

• Limited availability: Some customers have reported that Universal American Financial Insurance is not available in all states, which can be a drawback for those who live in areas where coverage is not offered.
• Communication issues: Some customers have reported issues with communication from the company, including difficulty reaching customer service representatives or receiving timely updates about their policies or claims.
• Mixed reviews about claims handling: While many customers have had positive experiences with the claims process, others have reported difficulties in getting claims resolved in a timely manner or receiving adequate compensation for their losses.

Roundup: Universal American Financial Insurance

Universal American Financial Insurance is a subsidiary of Global Indemnity Group, LLC, that offers a variety of insurance products to customers in select states across the United States.

The company’s mission is to provide high-quality insurance coverage at competitive prices while maintaining excellent customer service.

Some of the insurance products offered by Universal American Financial Insurance include auto, homeowners, renters, and umbrella insurance.

The company offers various discounts to customers, including safe driving, bundling, good student, home safety, multi-vehicle, and paid in full discounts.

The availability and amount of these discounts can vary depending on the customer’s state and the type of insurance they have.