Bankers Insurance Group Review 2026

InsuredBetter's Bankers Insurance Group Score

3.25 Stars

We award Bankers Insurance Group a final rating of 3.25 out of 5 stars. The carrier’s history and high rating through the Better Business Bureau (BBB) solidifies its place as a worthy contender within the insurance industry. However, it has a notably lower rating through AM Best than many other modern companies and is not BBB-accredited. 

While coverage is offered nationwide, many products are only available in certain states, making options limited in the rest of the country. Customer feedback is mixed across the board, with many glowing reviews alongside quite a few dismal reviews. 

Bankers Insurance Group was founded in 1976, giving it nearly 50 years' worth of experience, and has been ranked as a stable insurance carrier. Its headquarters are in St. Petersburg, Florida. The carrier’s official website could use a redesign, though it does allow customers to get matched with an agent online and file claims 24/7 by phone.

While we’re not ready to say that Bankers Insurance Group is up there with the best of the best, it's also far from the worst or even being considered a poor choice. If the carrier offers the coverage you’re looking for in your state, don’t write it off as a good option to review with your independent insurance agent.

Bankers Insurance Group Pros and Cons:

Pros:	Cons:
Longstanding carrier	Not BBB-accredited
Offers commercial and flood insurance products	Some coverages are only available in a few states
Coverage availability depends on location	No discount information
Certain products offered nationwide	Mixed customer feedback
“B++” (good) rating by A.M. Best
“A+” (excellent) rating by Better Business Bureau (BBB)
24/7 phone claims reporting

Bankers Insurance Group Products by Type

Bankers Insurance Group offers different coverages depending on the state selected, including standard and specialty insurance. Its products include:

Bankers Insurance Group Business Owners Policy Insurance

Bankers offers the standard coverages you'd expect to find bundled together in a business owners policy (BOP), including commercial property, commercial general liability, and business interruption insurance. The carrier's BOP insurance also comes with coverage for the following:

Some additional coverages and policy features are detailed below.

Coverage types, features, and benefits:

Arson reward

Bankers offers a reward for information that leads to a successful arson conviction.

Automatic seasonal increase

Bankers increases its BOP personal property coverage by 25% automatically during peak inventory periods.

Depositors forgery

Bankers' BOP insurance also covers business losses due to the forgery or alteration of outgoing checks, promissory notes, and drafts.

Bankers Insurance Group BOP Insurance Average Prices

Bankers does not provide average pricing information for its BOP insurance. Interested customers can be connected to an agent via the carrier's website. An independent insurance agent can also help you obtain quotes from Bankers. Until then, you can get a better idea of how much BOP insurance might cost you by checking out our business insurance calculator.

What Discounts Does Bankers Insurance Group Offer?

Bankers does not make information about its coverage discounts readily available. An independent insurance agent can help you find more information about specific discounts and cost savings opportunities available from Bankers Insurance Group.

Bankers Insurance Group Customer Service

Bankers allows customers to file claims over the phone or online through the Consumer Portal. The carrier also provides the following customer service options:

Bankers Insurance Group sells insurance through a wide network of agents, including independent insurance agents. These agents can help make customer service easier for you by handling claims and other concerns.

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