State National Companies Insurance Company Review

State National Companies Insurance Company at a Glance

State National Companies pros: High rating by AM Best. Nationwide coverage.

State National Companies cons: Only one form of coverage available. No rating by the BBB. Mainly negative customer feedback. Difficult to find information about coverages, claims, etc.

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What Type of Insurance Does State National Companies Offer?

Here's a list of the products offered by State National Companies.

Your independent insurance agent can help you find more information about the coverages offered by State National Companies, and help you decide if this insurance company is right for you.

What to Know about State National Companies

Founded in 1973, State National Companies has many decades of experience behind them. The insurance company offers various services for banks, finance companies, and credit organizations. Their only insurance product is collateral protection insurance.

State National Companies' coverage is available nationwide. The carrier works with five separate insurance companies and is headquartered in Dallas Fort-Worth, Texas. There are nearly 350 employees on their LinkedIn network. 

Thanks to its strong group of carriers, State National Companies has earned a reputation over time as a financially sound insurance provider. AM Best gives State National Companies an overall “A” rating, indicating the carrier is an excellent choice.

Established in 1899, AM Best is one of the oldest rating companies in the world. Reviews from AM Best indicate an insurance company’s financial strength and creditworthiness and are based on comprehensive evaluations of the company’s operating performance, business profile, and annual report. 

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What Discounts Does State National Companies Offer?

State National Companies does not make information about its specific discounts readily available. However, an independent insurance agent can help find these details for you. Independent insurance agents work hard to find any and all discounts you may qualify for on your coverage.

State National Companies Customer Service

Here's a breakdown of State National Companies' customer service options and availability.

To ensure a great customer service experience, work together with an independent insurance agent. Independent insurance agents can help handle claims and other matters for you, so you can relax and enjoy your coverage.

State National Companies FAQ

What is State National Companies' average claim response time frame?

State National Companies does not offer a specific claims response time frame.

What is State National Companies' customer service availability?

State National Companies does not specify their contact hours. Customers can contact the carrier by fax or snail mail as well as by phone.

What is State National Companies' claims process?

State National Companies does not specify a claims process, likely because they work with five different underwriting carriers. An independent insurance agent, however, can file claims for you and keep you updated through every step of the process.

Does State National Companies create a user-friendly experience for customers?

Because State National Companies works with a group of insurance companies, they provide a less user-friendly experience than individual carriers do. There's not much information about their coverage or claims provided on their official website.

Does State National Companies have good insurance?

State National Companies only offers collateral protection insurance. The company does not provide much detail about their coverage, beyond the following.

"Collateral protection insurance provides a solution by helping mitigate the risk lenders incur when offering vehicle loans to borrowers. Because CPI can be helpful during all economic circumstances, it serves as both a short-term and long-term security measure."

An independent insurance agent can help you determine if this coverage is a good fit for you.

Is State National Companies a good insurance company?

State National Companies does have a high rating by AM Best. Unfortunately, it's difficult to find much information about their coverage, claims, discounts, etc. Further, customer reviews seem to largely be negative. So, we're hesitant to call State National Companies a good carrier at this time.

TrustedChoice.com's Final Review

We award State National Companies a final rating of 2 out of 5 stars. The insurance company is highly rated by AM Best, but is not rated or accredited by the BBB. Only one form of coverage is available.

It's difficult to find information about the coverage offered by State National Companies and their associated underwriters. There's also no information about claims processing available. Most disturbing, however, is the large volume of negative customer reviews.

Overall, we recommend working together with an independent agent to survey your other options if you're in need of collateral protection insurance. You might want to skip looking into State National Companies altogether.