Financial Indemnity Auto Insurance Review (2022)

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: Oct 21, 2022Fact Checked

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

Full Bio →

Written by Rachel Bodine
Feature Writer Rachel Bodine

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Oct 21, 2022

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: Oct 21, 2022

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: Oct 21, 2022Fact Checked

The Bottom Line

What’s the bottom line?

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 guess 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.

Read this review on what savings are available, as well as what coverage they offer and how to make a claim.

Compare the auto insurance quotes from some of the best auto insurance companies right now by entering your ZIP code in the free comparison tool above.

Table of Contents

Is Financial Indemnity Insurance a Good Choice?

What Do Financial Indemnity Auto Insurance Ratings Say?

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

Financial Indemnity Company doesn’t have any more ratings listed, but Kemper seems to be in good financial standing. Despite their 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.

Who is Financial Indemnity Company?

Financial Indemnity Company is an insurance company that was incorporated in December 1945. The company managed to earn 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 and trades on the New York Stock Exchange in addition to providing insurance.

How is Financial Indemnity’s online presence?

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 Rates

How much are Financial Indemnity auto insurance rates?

Financial Indemnity doesn’t have any auto insurance rates that 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 is an estimate of car insurance costs using your personal information to generate the cost of insurance.

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.

What is Financial Indemnity’s availability by state?

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 across the nation.

It’s best to cover all of our bases. Therefore, we’re going to 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 annual income of the average person 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%
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A motorist earning the average annual income will pay a small percentage of their income per year. The largest auto insurance, as a percent of income, is in the state of Michigan.

 

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Financial Indemnity Insurance Discounts Available

What discounts are offered by Financial Indemnity?

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 provides discounts for 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 continue to keep your current Kemper or Financial Indemnity Company auto insurance policy active.

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.

Compare auto insurance rates and discounts to other auto insurance companies in your area by entering your ZIP code in the free comparison tool below.

Financial Indemnity Insurance Coverage Options

What coverage options does Financial Indemnity offer?

Since Financial Indemnity underwrites for Kemper, all available coverages that Kemper has will likely be available for customers who received their auto insurance policies from Financial Indemnity.

Kemper’s auto insurance webpage doesn’t specifically list auto insurance coverage. However, every auto insurance carries basic auto insurance coverage, such as liability, collision, and comprehensive coverage.

Liability coverage is the minimum requirement for auto insurance in each state in the U.S. Every 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 for you in a data table.

Minimum Auto Insurance Liability Requirements by State
StatesCoverage TypesCoverage Limits
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
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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 the state you live in 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’s 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.

Frequently Asked Questions

Do You Have More Questions About Financial Indemnity Auto Insurance?

In this final section, we’ll answer questions that people also ask through search engines and in comment sections on our webpages. If you want to skip the questions and compare auto insurance rates from several companies, enter your ZIP Code in the free comparison tool below.

#1 – 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 suffered as a result of 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.

#2 – What is Unitrin Insurance?

Unitrin Mutual Insurance, Unitrin Mutual Insurance Company, and Unitrin Safeguard Insurance were company subsidiaries of Unitrin Direct, which is now known as Kemper.

Unitrin became Kemper after it bought all rights to the Kemper name in 2010. All Unitrin employees are now on the Kemper insurance payroll.

#3 – How do I file a claim with Kemper Insurance for life insurance?

Kemper life insurance claims can be made on their website. Go to the Kemper website and scroll over the “Insurance Options.” Click on “Life and Health.” On the next webpage, scroll down until you see a button that says, “Go to Kemper Life.” This takes you to Kemper’s life insurance website.

On the navigation banner, click on “Contact.” When the website loads up, there will be a toll-free number you can call to reach an agent on how you can submit a Kemper life insurance claim.

The Financial Indemnity Company phone number is 1-800-777-8467.

#4 – 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.

#5 – Is Kemper a good insurance company?

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

#6 – What is Kemper Specialty?

Kemper Specialty is the company’s branch licensed to sell auto Kemper insurance in California.

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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.

Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

Full Bio →

Written by Rachel Bodine
Feature Writer Rachel Bodine

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

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