Is Old American Indemnity Company Good?

Last Updated on May 29, 2023

Old American Indemnity Company is a Kentucky-based property and casualty insurance company. Licensed in multiple states, Old American Indemnity Company specializes in providing non-standard private passenger automobile insurance, including auto insurance for high-risk drivers in select states.

Key Takeaways:

• Old American Indemnity Company is a nonstandard car insurance company that sells insurance to high-risk drivers in 12 states and through sister agencies in 3 more states.
• The company offers a range of coverage options, from basic liability to comprehensive and collision, as well as other features like roadside assistance and rental reimbursement.
• The company charges competitive prices for nonstandard insurance, as low as $300 to $500 per year for basic liability in some states.
• The company has an A- rating on the BBB website and a 3.6-star rating on Indeed, but few other online reviews.
• Insurance Panda rates Old American Indemnity Company 3.6/5

What Is Old American Indemnity Company?

Old American Indemnity Company, or OAIC, is a nonstandard car insurance company based in Kentucky. The company sells car insurance to high-risk drivers in Alabama, Arizona, Indiana, Kentucky, Louisiana, Missouri, North Carolina, North Dakota, South Carolina, Tennessee, Texas, and Utah.

Old American Indemnity Company also sells insurance through managing general agents (MGAs) in Georgia and Oklahoma while also serving customers in Texas through a sister company called Old American County Mutual.

Old American Indemnity Company is a nonstandard car insurance company specializing in insuring high-risk drivers. Many OAIC policyholders have struggled to find car insurance through the standard marketplace, so they turn to nonstandard insurers like Old American Indemnity Company for support.

Old American Indemnity Company’s parent company, Old American Group, was founded in 1946. That company wholly owns both Old American Indemnity Company and Old American County Mutual.

How Does Old American Indemnity Company Work for Car Insurance?

Old American Indemnity Company provides car insurance services similar to those provided by other nonstandard insurers: you can buy high-risk car insurance through Old American Indemnity Company to legally drive or protect your vehicle.

Old American Indemnity Company provides limited information about its coverage options upfront. Generally, you need to contact Old American Indemnity Company to explore coverage options in your state. A company agent analyzes your needs, then recommends the best insurance.

Old American Indemnity Company Auto Insurance Coverage Options

Whether you need basic liability coverage or extended coverage, Old American Indemnity Company offers a range of insurance coverage options to meet different needs.

Some of the coverage options available through Old American Indemnity Company include:

• Liability coverage, including property damage and bodily injury liability coverage
• Comprehensive and collision coverage
• Personal injury protection (PIP) and medical payments (MedPay) coverage
• Uninsured and underinsured motorist coverage
• Other coverages, including roadside assistance, rental reimbursement coverage, and gap coverage

Generally, most Old American Indemnity Company policyholders are simply trying to get back on the road at a reasonable price. They may be unable to buy affordable car insurance from the standard marketplace, so they turn to nonstandard providers like Old American Indemnity Company instead. Old American Indemnity Company specializes in providing high-risk insurance at competitive prices.

Old American Indemnity Company Auto Insurance Features

You have plenty of options for nonstandard insurance as a high-risk driver. Why pick Old American Indemnity Company? What’s the difference between this company and others? Here are some of the features that make Old American Indemnity Company unique:

Available in Select States: Old American Indemnity Company exclusively covers policyholders in Alabama, Arizona, Indiana, Kentucky, Louisiana, Missouri, North Carolina, North Dakota, South Carolina, Tennessee, Texas, and Utah. The company also provides insurance in Texas, Georgia, and Oklahoma through sister agencies.

Specializing in Nonstandard Insurance for High-Risk Drivers: Old American Indemnity Company offers nonstandard car insurance to high-risk drivers across its covered states. Many of these drivers cannot buy car insurance from the standard marketplace at an affordable price. Others have had policies canceled because of multiple claims or accidents. With Old American Indemnity Company, you can buy nonstandard car insurance at a competitive price, even if you’re a high-risk driver.

Competitive Prices: As a high-risk driver, you may struggle to find affordable car insurance. Fortunately, Old American Indemnity Company charges as little as $300 to $500 per year for basic liability coverage in many states, allowing you to get back on the road at a reasonable price. Instead of paying thousands per year with a nationwide insurer, you can save money by working with an insurer specializing in high-risk coverage.

Exclusively Sells Car Insurance: Some insurers sell home and auto insurance products. However, Old American Indemnity Company exclusively sells car insurance.

Backed by Decades of Experience: Old American Indemnity Company’s parent company, Old American Group, was founded in 1946, and the company has decades of experience in the insurance industry overall.

Two Brands Under One Company: The Old American Group family consists of two core brands: Old American Indemnity Company and Old American County Mutual.

Old American Indemnity Company Auto Insurance Discounts

Like other nonstandard insurers specializing in high-risk drivers, Old American Indemnity Company provides few discounts to most policyholders. As a high-risk driver, you might struggle to find affordable car insurance, and Old American Indemnity Company already charges lower rates than many standard insurers.

Here are some of the discounts that may be available when buying insurance through Old American Indemnity Company:

• Bundling discounts, including multi-vehicle and multi-policy discounts
• Safe driver discounts
• Safety feature discounts
• Low mileage discounts
• Defensive driving course discounts
• Student away-from-home discounts, loyalty discounts, and more

Old American Indemnity Company Auto Insurance Reviews

Old American Indemnity Company is a legitimate insurance company founded in 1946 to provide insurance to customers with diverse needs. Today, the company is best known for its low rates on nonstandard car insurance for high-risk drivers.

The company has an average rating of 3.6 stars out of 5 on Indeed, with employees and former employees praising the company’s work-life balance, management team, culture, and pay structure.

Old American Indemnity Company also has an A- rating on the Better Business Bureau website, although there are just three customer complaints. Some customers are satisfied with how the company handled their claims, while others are not.

There are few other reviews for Old American Indemnity Company available online today. For example, there are no reviews on review aggregator websites, Yelp, or other insurance review websites. Overall, Old American Indemnity Company has a limited online presence, including a small website with only basic information about the company’s offerings.

Frequently Asked Questions

Final Word on Old American Indemnity Company

Old American Indemnity Company is a Kentucky-based nonstandard insurance company that covers high-risk drivers in select states.

By buying auto insurance from Old American Indemnity Company, you can get back on the road at a competitive price, even as a high-risk driver.

To learn more about Old American Indemnity Company or to compare quotes, contact one of the company’s agents today.

Contact Info

Mailing Address:
P.O. Box 793747
Dallas, Texas 75379-3747

Phone: 214-561-1991
Toll-Free Phone: 866-233-7091

Fax: 214-561-1990
Compliance Fax: 214-561-1988

Email: info@oldam.com

Website: https://www.oldamericanindemnity.com/