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American National Motorcycle Insurance Review

American National Motorcycle Insurance Review

Author
  • Customer Service
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  • Coverage

American National Insurance a.k.a. ANPAC has been selling policies since the early 1970s. The company is currently headquartered in Galveston, Texas and the CEO is Robert Moody. American National has over 3000 employees and is on the New York Stock Exchange under the symbol “ANAT.” They sell insurance products throughout the entire United States and are viewed by many as a very stable mid-sized insurance company. ANPAC is owned by ANICO (American National Insurance Company) which offers a variety of insurance policies including: watercraft, RV, life, umbrella, homeowner, auto, business, and motorcycle coverage.

This company also offers annuities, pension plan services, and other financial services. In a 2009 issue of Forbes, ANPAC was cited as being among the “100 Most Trustworthy Mid-Cap Companies.” If you are interested in finding out more about American National motorcycle insurance, be sure to read into the details below. You need to read about the coverage options, discounts, and gather more specifics about ANPAC before you can accurately decide whether to buy one of their policies.

American National Company History

ANPAC was founded in 1973 by ANICO (American National Insurance Company) in order to expand operations. ANICO had been around since 1905 and had dealt specifically with life and health insurance. They wanted to expand operations and branch off into the property and casualty insurance industries. They opened up headquarters for ANPAC in Springfield, Missouri – during its first year it only had a total of eight employees. The company went on to write its first policy in February of 1974.

This is a company that has experienced stable growth with the backing of their parent company ANICO. They now offer policies for an array of casualty needs including: auto, homeowners, classic vehicles, boats, recreational vehicles, and motorcycles. They have now been around for over 40 years and have slowly evolved into a recognizable insurance company in the United States. This company set out to meet high standards set by the industry and is the only insurance company to be crown the Missouri Quality Award (MQA).

This award is based on the Malcolm Baldrige National Quality Program management philosophy – which tries to help organizations use an integrated approach to organizational performance management and customer service excellence. ANPAC has also done a lot of community work through the United Way, Salvation Army, Boys and Girls Clubs, and other various organizations. Contributing money and volunteers has been a mission of ANPAC to show that their company cars about the community. In 2013 they sponsored a “Rock ‘N Ribs” motorcycle show in order to connect with the motorcycle community. This is a company that is slowly expanding their outreach and connection with the community.

American National Motorcycle Insurance Coverage Options

Before you purchase a policy through ANPAC, you need to know if they have all the coverage options that you need for your motorcycle. Their coverage program is called “AmeriCycle Insurance” – which was designed by motorcycle enthusiasts and is a very complete insurance program to cover your needs as a motorcycle rider.

Collision Insurance – Whenever you collide with another vehicle or object, the damage caused will be picked up by collision coverage. So if your bike is badly damaged and needs repairs because of your accident, ANPAC will pay the amount necessary to get your bike back into functioning condition.

Comprehensive Insurance – This type of insurance isn’t required, but may be a good idea to consider if you have a valuable bike. This will protect you in the event of theft, vandalism, fire, animal damage, damage from weather conditions, and more.

GAP Insurance – If you have a loan taken out for your motorcycle and you get into a major crash, you will have to pay to cover it. Due to the fact that your claims settlement may be less than what you owe on your loan, you have to pay the difference. If you get this protection, it will cover the difference between the actual cash value of your bike and the balance you still owe on your financing. ANPAC offers GAP (guaranteed assistance protection) for just a few extra dollars a month.

Liability Insurance – When you get into an accident with another person or hit someone else’s property, you are responsible for damage compensation. If you purchase liability coverage, you will be protected up to the limits you select for your policy.

Medical Payments – Although most people don’t think they’ll ever get into a major accident on their motorcycle, accidents can happen. Many accidents send individuals to the hospital because they need immediate medical attention. Medical Payment Insurance gives you extra coverage for medical care in the event of an accident.

Uninsured Motorist Protection – Despite the fact that having adequate insurance is required by law, there are still plenty of drivers without coverage. Should you ever get into an accident with a driver that is uninsured (or underinsured), this type of coverage will provide you with protection for what they would owe.

American National Motorcycle Insurance Payment Options

There are a few payment options with ANPAC, but they state that most people like paying monthly as opposed to budgeting for larger payments upfront. They are pretty vague with their payment options, but they do allow people to pay in full or in six month increments if that is preferred.

Monthly – There are a variety of ways in which you can pay on a monthly basis through ANPAC. Most people like to pay monthly because it allows them to make smaller payments throughout the course of a year as opposed to a huge upfront payment.

6-Month – If you want you can pay for your policy every 6 months (according to the ANPAC website). These payments are not nearly as small as monthly payments, but half of what you would pay if you decided to make one full payment for the entire year.

12-Month – For individuals that like to make one payment and be covered for the entire year, this is the best option. You make one payment to cover your bike for a full 12 months. This is a nice option because most companies will give you extra money off your bill if you pay for everything at once. ANPAC doesn’t state whether they provide a discount for paying in full

American National Payment Methods

There are a variety of popular ways in which you can pay for coverage through ANPAC. If you have more questions about methods that aren’t listed below, feel free to contact an agent. Below are the most popular ways in which people pay.

  • Check – You can write out a check for the amount that you owe to ANPAC. You also can have money directly taken out of your checking account.
  • Credit / Debit Card – If you’d like to make a quick payment online, you can do so by simply entering your credit or debit card information.
  • Easy Pay – This is the “checkless” way to pay for you insurance bills. All you need to do is authorize American National to withdraw money from your checking or savings account each month to cover your insurance costs. This will save you the hassle of mailing your payments each time they are due.
  • Mail – You can also mail your payment directly to ANPAC’s billing center.
  • Quick Pay (Online) – You can pay your entire statement online quickly and efficiently through the ANPAC website.

Does American National offer paperless billing?

Yes. Their website states: “Good for Earth. Good for You.” They are committed to minimizing their environmental footprint and increasing their customers’ security and ease of access to insurance information. All of your insurance payments, payment history, and other information can be accessed online through your account. There is no need to clutter your home with paper documents when you can look at your payments anytime from the comfort of your own computer. If you’d like to sign up for paperless billing, you can simply select the option on their website – it’s really simple.

American National Motorcycle Insurance Discounts

Most of the savings that you can get with this company happen to be through other lines of insurance such as auto and homeowners. You can save by bundling coverage, but the exact details differ. I contacted the company and their representatives weren’t aware of the specifics – they said what is listed is all they know. For the motorcycle insurance discounts, there aren’t any ways to save other than being in a group.

Motorcycle Group Discount – This company offers a variety of special savings for members of national motorcycle groups. If you are in a group that is listed below, and you are an ANPAC customer, all you need to do is show your membership card to an agent in order to get a discount.  Note: American National is not affiliated with any of the companies below.

  • AMA – American Motorcyclist Assoc.
  • AVA – American Voyager Assoc.
  • BLUE KNIGHTS® – Blue Knights International Law Enforcement Motorcycle Club
  • BMWMOA – BMW Motorcycle Owners of America
  • CMA – Christian Motorcycle Assoc.
  • GWRRA – Gold Wing Road Rider Assoc.
  • GWTA – Gold Wing Touring Assoc.
  • H.O.G.® – Harley Owners Group®
  • HRCA® – Honda Rider’s Club of America
  • IBMC – Intl. Brotherhood of Motorcycle Campers
  • MSF® – Motorcycle Safety Foundation® Instructor
  • MTA – Motorcycle Touring Assoc.
  • STAR – STAR Touring & Riding Assoc. (Yamaha)
  • TRI – Trike Riders InternationalTM
  • VDOG – Vulcan Drifter Owners Group (Kawasaki)
  • VMC – Victory Motorcycle Club
  • VROC – Vulcan Riders and Owners Club (Kawasaki)
  • WOW – Women on Wheels®

A.M. Best Rating: A (Excellent)

The A.M. Best gave American National Insurance an “A” rating which indicates “Excellent” financial strength. This is a company that has roots back to 1905 and they’ve been able to survive through many economic hardships and depressions in the market. Their financial ratings have been stable and they offer coverage throughout the entire United States. This is a company that has an effective claims process and few overall complaints across the internet. The only real problem people are having with ANPAC is that their rates tend to be higher the national average.

If you get a policy through this company, expect to pay slightly more than you normally would with another major insurer. The nice thing about this company is that you can get all types of insurance under the same company. In other words you don’t have to buy a motorcycle policy through ANPAC and get an auto and homeowners policy through someone else – you can get them all through this company. If you want to get the best possible deal though, this company is not a recommendation for coverage.

Independent reviewers seem to either really like this company or really hate it. The average customer review is roughly a 3/5 stars. Various individuals have found problems with their claims processing and some have said that they felt outright scammed. Others with this company have felt that they’ve done a good job. If you are heart set on getting a policy with this company, then do it – but keep in mind that other companies tend to offer better policies for better rates.

Get Free American National Motorcycle Insurance Quotes Online!

If you would like to get free quotes from ANPAC, you can do so by either visiting their company website or contacting one of their agents. If you would like to find out which companies offer the best deals based on your location, simply enter your Zip Code in the form below (or at the top of the page) and compare rates. The tool on this website will show you the top providers for motorcycle coverage in your specific area. This should help you get the best possible deal on a motorcycle insurance policy.  Keep in mind that there are many great companies that are all competing to get your business.  Look at the rates that you are offered, then select the one that gives you the best coverage for a good value.

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