Anchor Insurance Company Review 2026

InsuredBetter's Anchor Insurance Company Score

2 Stars

We award Anchor Insurance a final rating of 2 out of 5 stars. For starters, Anchor Insurance has only been around in the insurance industry for a few years now. The carrier is rated a "B" by AM Best, which is a deterrent for many prospective customers seeking an "A"-rated company or higher. The insurance company is also not BBB accredited.

While Anchor Insurance offers a handful of important insurance coverages, they don't make much specific information about their products readily available without going through an agent. The carrier only offers its coverage in 13 states currently. Further, all customer reviews seem to lean heavily towards the negative side, which is discouraging.

Overall, we recommend working together with an independent insurance agent to survey your other options for exceptional insurance coverage, and perhaps skip looking into Anchor Insurance.

Anchor Insurance Company at a Glance

Anchor Insurance Company Pros and Cons

Pros:	Cons:
Offers several forms of coverage including homeowners and equipment breakdown insurance	Coverage only available in 13 states
Offers online claims reporting	Not much detail on official website
Offers personal and business coverages	Many negative customer reviews
	Not BBB accredited
	Fairly low rating by AM Best

What Type of Insurance Does Anchor Insurance Offer?

Here's a breakdown of the coverages offered by Anchor Insurance.

An independent insurance agent can help you find more information about the coverages offered by Anchor Insurance, and help you decide if this insurance company is right for you.

What to Know about Anchor Insurance

Founded in 2014, Anchor Insurance is headquartered in St. Petersburg, Florida. The insurance company's original mission was to provide excellent homeowners insurance from the most trusted carrier in the state. The carrier now offers additional coverages such as renters insurance, equipment breakdown insurance, and business owners policies.

Anchor Insurance currently offers its products in 13 states, primarily in the southern US. The insurance company works with independent insurance agents to offer their customers the best possible experience when hunting for the right coverage.

Anchor Insurance is not as highly rated as some insurance companies. AM Best recently adjusted the carrier's rating to a grade of "B" (fair). High ratings from AM Best demonstrate that an insurance company is capable of offering trustworthy, reputable coverage. Insurance customers are encouraged to seek companies with an AM Best rating of "A" or higher.

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 Anchor Insurance Offer?

Anchor Insurance does not make information about its specific discounts readily available. However, working with an independent insurance agent is an easy way to ensure you receive any discounts you may qualify for. An independent insurance agent can utilize discounts and other money-saving hacks to find you the most affordable coverage.

Anchor Insurance Customer Service

Here's an overview of Anchor Insurance's customer service options and availability. 

For a superb 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.

Anchor Insurance FAQs