The payment plans offered by Acceptance are flexible and can be customized according to your salary and pay schedule. The company offers six and twelve-month payment plans for its customers. These plans allow customers to pay for the premium upfront against a discount or pay it in installments. These plans are a good option for people who do not have a high credit score or are working in an unsteady economic situation.
Charges high premiums
A Better Business Bureau website complaint claims that Acceptance Insurance charges excessive premiums for auto insurance. The BBB complaint page cites a customer who canceled his policy because the premiums were too high. The customer was refunded the money minus a $50 cancellation fee and a $35 non-refundable application fee, but not before the policy had expired. Acceptance responded to the complaint by charging the customer a cancellation fee within 30 days of the policy’s end.
Acceptance Insurance has a prescription discount plan, which gives its customers a 20% discount on all prescriptions. This benefit is not available from most insurance companies. It also offers a hospital indemnity benefit that pays up to $125 per day of hospital expenses. This benefit usually costs an additional $8 a month for those who want it.
Offers add-on coverage
While Acceptance offers a wide range of fundamental insurance coverage limits, the company also offers add-on coverage in several areas, such as hospital indemnity and traffic school costs. These add-ons can help protect you from unexpected expenses and can make your life easier in the event of an accident.
The company is based in Nashville, Tenn. It specializes in insurance for high-risk drivers. Whether you’re an inexperienced driver, have a history of accidents, or have poor driving records, this insurance company will offer a policy to suit your needs. While its ratings on the Internet are generally negative, it has an A+ rating with the Better Business Bureau. Moreover, the company’s financial strength rating is above the industry norm.
Charges cancellation fees
If you’re wondering if Acceptance auto insurance has cancellation fees, then you’re not alone. This top insurance carrier has a reputation for having loyal customers who take advantage of the company’s wide variety of premium products. However, it may not be the cheapest insurance policy available.
Does not offer an accident forgiveness program
If you are prone to accidents, you may find that an accident forgiveness program is an excellent option. But if you are a safe driver and only have a few crashes, you do not necessarily need to use accident forgiveness. There are a few different types of accident forgiveness programs offered by different insurance carriers.
Some insurance companies offer accident forgiveness to new or good drivers as an add-on. Other insurers offer accident forgiveness as a free benefit for loyal customers. But some may require you to pay a monthly fee to take advantage of the program.