AmGUARD Insurance Review (2023)
AmGUARD is a Berkshire Hathaway GUARD Insurance Company subsidiary that offers commercial auto insurance to businesses. While the company doesn't provide information on rates or discounts, it offers the standard auto coverages. The company has been rated an A+ by A.M. Best but has more complaints than competitors. Learning more about AmGUARD Insurance will help you decide if the company is right for you.
- AmGUARD is a subsidiary of the Berkshire Hathaway GUARD Insurance Companies
- AmGUARD only provides coverage to businesses
- AmGUARD has been rated an A+ by A.M. Best
AmGUARD Insurance Company is a Berkshire Hathaway GUARD Insurance Company subsidiary and provides commercial automobile insurance options to businesses. The company doesn’t provide information on rates or discounts but has been rated an A+ by A.M. Best.
Knowing more about AmGUARD Insurance will help you determine if it’s the right fit for your business.
Before starting this AmGUARD Insurance review, enter your ZIP code to get free auto insurance quotes in your area.
What are the AmGUARD Insurance rates?
While the cost of personal car insurance primarily depends on the driver, commercial coverage usually focuses on the type of vehicle, its usage, and how frequently it’s driven for business purposes.
Companies sell commercial coverages individually, allowing businesses to customize their policy. However, most states only require minimum coverage, which usually consists of bodily and personal injury liability.
While minimum coverage is cheaper, maintaining more coverage will protect you in most situations. Companies call the combination of liability, collision, and comprehensive coverage full coverage. Although maximum coverage is usually more expensive, it provides the necessary protection.
AmGUARD doesn’t provide auto insurance rates, so it can be difficult to tell how much you’ll pay. However, looking at the average cost of commercial coverage will allow you to determine if AmGUARD has competitive rates when you receive your quote.
The following chart shows the average annual AmGUARD Insurance rates for minimum and maximum coverage by the type of commercial vehicle.
|Type of Vehicle||Average Annual Minimum Coverage Rates||Average Annual Full Coverage Rates|
As you can see, full coverage is significantly higher than minimum coverage. Additionally, semi-trucks are more expensive because they’re more challenging to drive, and cabs are more expensive because of how often they’re in traffic.
What coverages are offered by AmGUARD Insurance?
AmGUARD focuses on commercial auto insurance rather than personal coverage. The company covers commercial vehicles owned and operated by businesses, often ineligible for personal protection.
While commercial and personal coverages have differences, there are ways in which they’re the same. Like individual policies, commercial auto insurance has seven primary coverages. The following table shows the standard coverages provided by AmGUARD Insurance.
|Auto Insurance Types||Purpose of Coverage|
|Bodily injury liability||Pays for medical bills if someone else suffers an injury in an accident caused by you.|
|Collision||Covers damage to your car after an accident.|
|Comprehensive||Covers damage to your car when you’re not driving.|
|Medical payments||Covers medical costs caused by an accident regardless of who is at fault.|
|Personal injury protection||Covers medical expenses for you and your passengers after an accident.|
|Property damage liability||Liability coverage that covers the cost of any property damage you’ve caused in an accident.|
|Uninsured/underinsured motorist||Covers the costs if you’re in an accident caused by a driver with little or no car insurance.|
In addition to these coverages, AmGUARD states that the company has additional options. For example, rental reimbursement pays for a rental car when the insured vehicle is being repaired, allowing you to continue doing business.
The most common addition to the standard coverages is roadside assistance. Customers that add roadside service can receive support when they have car trouble while traveling, including:
- Battery service
- Gas delivery
- Locksmith service
AmGUARD also offers expanded towing coverage, providing towing for a further distance than what traditional roadside assistance includes. Also keep in mind, adding any additional coverages will increase your rates.
Does AmGUARD Insurance offer any discounts?
Car insurance can get expensive, so insurance companies offer discounts to make coverage more affordable. AmGUARD doesn’t list any specific deals on its website, but the company does specify that saving opportunities are available.
When speaking with a representative about buying coverage, asking about all available discounts will help you obtain the best possible rates.
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How is AmGUARD Insurance rated?
Credit rating agencies grade insurance companies on financial strength, allowing customers to determine the likelihood of receiving a payout. These agencies haven’t rated AmGUARD, but Berkshire Hathaway GUARD has been rated. And the parent company’s ratings apply to its subsidiaries.
Berkshire Hathaway GUARD has been rated an A+ by A.M. Best, an AA by S&P and Fitch, and an Aa2 by Moody’s. These are exceptional ratings and indicate that AmGUARD customers will receive a payout whenever they file claims.
Does AmGUARD Insurance have any complaints?
The Better Business Bureau (BBB) reviews complaints made about insurance companies. The BBB hasn’t reviewed AmGUARD, but it has reviewed Berkshire Hathaway GUARD. Looking at the BBB review will help AmGUARD customers determine the company’s quality of service.
At the time of this review, the BBB has received 73 complaints about the Berkshire Hathaway GUARD Insurance Companies during the past three years. Most of these complaints are about the AmGUARD Insurance billing and services.
The National Association of Insurance Commissioners (NAIC) also reviews complaints made about insurance companies. However, the NAIC has specifically completed AmGUARD Insurance reviews.
The AmGUARD Insurance Company NAIC number shows that the company has 89 complaints and a 3.11 complaint index ratio. These numbers indicate that AmGUARD has more than triple the number of complaints than the average similarly-sized company.
How can you file AmGUARD Insurance claims?
Customers can file AmGUARD Insurance claims through Berkshire Hathaway GUARD. The company allows customers to file claims by phone or online. The easiest way is by filling out an online form. Customers can also upload photos or documents when filling out the form.
Another option is to file a claim by calling the AmGUARD Insurance phone number at 1-888-639-2567. A representative will ask for additional information, such as photos or a police report, which can be sent to the company via email at [email protected].
The company will require the same information, regardless of whether you file online or by phone. This information includes:
- Policy number
- Incident description
- Witness name, address, and phone number
- Insured’s name, address, and phone number
- Employer’s tax ID number
After filing a claim, customers can log into the Policyholder Service Center (PSC) to check on the claim status and speak with the claims adjuster.
How can you make AmGUARD Insurance payments?
AmGUARD Insurance customers can use various methods to make Berkshire Hathaway GUARD payments, including:
- Direct deposit
The best option depends on how you wish to make the payment, as each method has different payment options.
Customers can make online payments by logging into the Policyholder Service Center (PSC) on the company website. Payment options include credit card or bank transfer. Customers can also use the PSC to set up recurring payments and view their billing history.
Setting up a recurring payment schedule allows customers to pay through direct deposit. Customers can pay using this method by filling out a Direct Draft Program Authorization Form located on the company’s website.
While customers must log into the PSC when making payments, the company also offers a quick pay option. Express Pay allows customers to make payments without logging in.
Customers that prefer to pay by check are limited to paying by mail. To use this method, customers can send a check to the AmGUARD Insurance Company address at:
Berkshire Hathaway GUARD
P.O. Box 785570
Philadelphia, PA 19178
Phone payments are possible by calling the AmGUARD Insurance contact number at 1-800-673-2465. The only two options to pay over the phone are credit card and through your bank account.
How can you cancel an AmGUARD Insurance policy?
AmGUARD Insurance doesn’t provide much information on how to cancel a policy. However, the company allows customers to cancel by phone, online form, or mail. The process starts with the customer informing AmGUARD Insurance customer service of their desire to cancel.
The company doesn’t state whether customers will receive a refund or if a cancellation fee will apply. However, most companies charge a fee for cancellation during the policy period and offer a prorated refund for the current period.
Who is AmGUARD Insurance?
The AmGUARD Insurance Company became one of the original GUARD companies in 1982. The company is a wholly-owned subsidiary of the WestGUARD Insurance Company, which trades under the Berkshire Hathaway GUARD Insurance Companies.
AmGUARD only offers insurance to businesses. However, customers can find personal insurance options through the parent company’s other subsidiaries.
AmGUARD Insurance: The Bottom Line
AmGUARD Insurance is a Berkshire Hathaway GUARD Insurance Company subsidiary, providing coverage to businesses. The company offers the standard auto coverages and discounts to lower rates. Additionally, AmGUARD has been rated an A+ by A.M. Best.
Learning more about AmGUARD Insurance will help you decide if it’s the right option.
Now that you know about AmGUARD Insurance, enter your ZIP code of free auto insurance rates in your area.