8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 12, 2006

FIRST ACCEPTANCE CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware	001-12117	75-1328153
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3813 Green Hills Village Drive Nashville, Tennessee	37215
(Address of Principal Executive Offices)	(Zip Code)

(615) 844-2800

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

      o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

      o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

      o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

      o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 7.01. Regulation FD Disclosure.
	Item 9.01. Financial Statements and Exhibits.
SIGNATURE
INDEX TO EXHIBITS
EX-99 PRESS RELEASE

Item 7.01. Regulation FD Disclosure.

     On January 12, 2006, First Acceptance Corporation issued a press release announcing its acquisition of certain assets of Insurance Plus Agency II, Inc. and Yale International Insurance Agency, Inc. and its financing of such acquisition through a new $30 million revolving and term loan credit facility with SunTrust as lead bank and with First Bank as participating bank. The text of such press release is attached as Exhibit 99.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits

99 Press Release dated January 12, 2006

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

FIRST ACCEPTANCE CORPORATION
By:	/s/ Stephen J. Harrison
	Stephen J. Harrison
	President and Chief Executive Officer

Date: January 12, 2006

INDEX TO EXHIBITS

Exhibit No.	Description
99	Press Release dated January 12, 2006

EX-99

                                                                    Exhibit 99


FOR IMMEDIATE RELEASE                   Source:  First Acceptance Corporation
                                        Contact:  Steve Harrison (615) 844-2885

FIRST ACCEPTANCE ACQUIRES CHICAGO NON-STANDARD AUTOMOBILE INSURANCE AGENCIES

         NASHVILLE, TN, January 12, 2006  -- First Acceptance Corporation
(NYSE: FAC), a provider of private passenger non-standard automobile insurance,
announced today that it has acquired certain assets of Insurance Plus Agency
II, Inc. and Yale International Insurance Agency, Inc. These agencies sell
private passenger non-standard automobile insurance primarily in the Chicagoland
area and were owned and operated under common control.

         Under the terms of the transaction, First Acceptance paid a total of
$30.0 million in cash for the assets of 73 retail stores that operate, and will
continue to operate, under the names Insurance Plus and Yale Insurance. First
Acceptance did not acquire any policies in force as part of the transaction and
therefore does not believe the acquisition will be accretive to earnings for a
period of twelve months.

         The transaction was financed through a new $30 million revolving and
term loan credit facility with SunTrust Bank as lead bank and with First Bank
(Lexington, TN) as participating bank. The facility consists of a $5 million
revolving credit facility, and a $25 million term loan facility, both maturing
June 30, 2010.

ABOUT FIRST ACCEPTANCE CORPORATION

         First Acceptance Corporation began its operations as Liberte Investors,
Inc. in 1986. Its insurance subsidiary, USAuto, which began operations in 1995,
provides non-standard private passenger automobile insurance, primarily through
employee-agents. As of November 1, 2005, the Company leased 356 retail offices
in 12 states. The Company's insurance company subsidiaries are licensed to do
business in 24 states.

         This press release contains forward-looking statements. These
statements, which have been included in reliance on the "safe harbor" provisions
of the federal securities laws, involve risks and uncertainties. Investors are
hereby cautioned that these statements may be affected by important factors,
including, among others, the factors set forth in the Company's Annual Report on
Form 10-K and its other filings with the Securities and Exchange Commission.
Actual operations and results may differ materially from the results discussed
in the forward-looking statements. We undertake no obligation to publicly update
or review any forward-looking statement, whether as a result of new information,
future developments or otherwise.