Acceptance Auto Insurance: Is It A Good Choice?

Acceptance Insurance is a company that provides auto insurance to high-risk drivers who may struggle to find coverage elsewhere. The company has been in the insurance business since 1969 and is currently available in 13-15 states. While Acceptance offers a great service to high-risk drivers, it has received mixed reviews. The company has a high number of customer complaints and a questionable financial strength rating, which could indicate a struggle to pay out claims. Overall, Acceptance auto insurance is a good option for high-risk drivers, but most others can find better and cheaper coverage elsewhere.

High-risk drivers: Acceptance offers insurance for drivers who may struggle to find coverage elsewhere

Acceptance Insurance is a good option for high-risk drivers who may struggle to find coverage elsewhere. High-risk drivers are those who are deemed more likely to cause an accident and are therefore considered more financially risky to insure. This includes drivers with a history of moving violations, at-fault accidents, DUIs, or a combination of these factors.

Acceptance specializes in providing auto insurance for people who need high-risk, SR-22, or FR-44 insurance. They offer coverage for drivers who may have trouble finding insurance elsewhere due to their driving records or credit history. Acceptance is also one of the few companies that will file an SR-22 form if needed. An SR-22 form may be required by some states for drivers who have had a DUI conviction, been caught driving without insurance, or committed other serious traffic offenses.

However, it is important to note that Acceptance's rates tend to be much more expensive than those of its competitors, even for high-risk drivers. Their financial stability has also been called into question, with a "marginal" rating from AM Best, indicating that they may struggle to pay claims if you're in an accident.

In addition, Acceptance is only available in a limited number of states, so most drivers may not be able to get a policy with them.

Overall, while Acceptance may be a good option for high-risk drivers who have difficulty finding coverage elsewhere, it is important to compare rates and consider the company's financial stability and availability in your state before choosing them as your insurance provider.

SR-22 and FR-44 certificates: The company can file these forms for drivers who need them

Acceptance Insurance is a company that provides auto insurance for high-risk drivers. They can file SR-22 and FR-44 forms for drivers who need them. SR-22 and FR-44 forms are types of financial responsibility filings required by some states for individuals convicted of certain driving offences. SR-22 is a certificate of insurance that proves a driver has the minimum required auto insurance coverage mandated by the state. The form is filed by the driver's insurance company directly with the state's Department of Motor Vehicles (DMV) and serves as a guarantee that the driver will maintain the required insurance coverage for a specified period.

The SR-22 form is commonly required in many states for drivers who have been convicted of offences such as DUI, driving without insurance, or multiple traffic violations. On the other hand, the FR-44 form is required only in Florida and Virginia. Like the SR-22, it is filed by the driver's insurance company to prove financial responsibility, but the key difference lies in the minimum liability coverage amounts. FR-44 typically requires higher liability limits than SR-22, making it a more stringent requirement. The FR-44 is generally mandated for individuals convicted of more serious offences, such as DUIs with higher blood alcohol concentrations or repeat offences.

If a driver needs an SR-22 or FR-44 form, their insurance company can assist in obtaining and filing the form with the state. Acceptance Insurance is one such company that can provide this service for its customers.

Financial concerns: Acceptance has a questionable financial strength rating, which may impact its ability to pay out claims

Acceptance Insurance has a questionable financial strength rating, which may impact its ability to pay out claims. The company has a C++ rating, or "marginal", from AM Best, which is a red flag for potential customers. This means that customers may not be able to rely on Acceptance to pay their repair or medical bills after an accident. Acceptance is not the most financially stable insurance company, according to AM Best, and it may struggle to pay claims if a customer is in an accident.

The company's financial situation is concerning, and its rates are expensive. Acceptance's financial strength rating from AM Best is lower than recommended by NerdWallet, which does not endorse companies with a rating lower than a B. This further emphasises the concern over Acceptance's ability to pay out claims.

The company's financial strength rating is also reflected in its customer reviews. Customers are typically unhappy with how long it takes to get paid after an accident, and some complain about Acceptance denying claims altogether. This indicates that the company's financial situation may be impacting its ability to pay out claims in a timely and efficient manner.

Overall, Acceptance's questionable financial strength rating raises concerns about its ability to pay out claims. This, coupled with its expensive rates, makes it a poor choice for drivers who can find coverage elsewhere.

Customer reviews: Acceptance has mixed reviews, with some praising its affordable rates and others criticising its customer service

Acceptance Insurance has received mixed reviews from its customers. While some praise the company for offering affordable rates to high-risk drivers, others criticise its customer service and claims process.

On the one hand, Acceptance Insurance is known for providing coverage to high-risk drivers who may have difficulty finding insurance elsewhere. They offer SR-22 and FR-44 certificates and cater to those with poor credit, bad driving records, or lengthy claim histories. Some customers have expressed satisfaction with the affordable rates they received despite their risky profiles.

On the other hand, Acceptance Insurance has received a high number of complaints relative to its size, according to the National Association of Insurance Commissioners (NAIC). Customers have reported issues with the company's claims process, including slow responses and denial of claims. There are also concerns about the company's financial stability, with AM Best assigning a marginal rating, indicating a questionable ability to pay out claims.

Overall, while Acceptance Insurance may be a good option for high-risk drivers in need of affordable coverage, others may find better rates, more comprehensive coverage, and improved customer service with other insurance providers.

Discounts: Acceptance offers a range of discounts, including multi-car, homeowner, autopay and paperless billing discounts

Acceptance Insurance offers a range of discounts to its policyholders. Some of the company's most popular discounts include:

• Multi-policy discount
• Policy renewal discount
• Paid-in-full discount
• Usage-based insurance discount
• Advance quote discount
• Online quote discount
• Defensive driving discount
• Good student discount
• Good driver discount
• Multi-car discount
• Homeowner discount
• Autopay discount
• Paperless billing discount
• Low-mileage discount

Acceptance automatically applies discounts to policyholders' accounts if they qualify for savings. However, it is always worth calling and speaking with an Acceptance representative to see how much you could save on your car insurance coverage with one or more of these discounts.

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