Exhibit 23.1


                          Independent Auditors' Consent

The Board of Directors and Shareholders
American Physicians Service Group, Inc.

We consent to  incorporation  by reference in the  registration  statements (No.
33-66308,  No. 333-07427,  and No. 333-62233) on Form S-8 of American Physicians
Service  Group,  Inc. of our report  dated April 15,  2002,  with respect to the
consolidated  balance  sheets of American  Physicians  Service  Group,  Inc. and
subsidiaries  as of December  31, 2001 and 2000,  and the  related  consolidated
statements of operations,  shareholders'  equity, and cash flows for each of the
years in the two-year period ended December 31, 2001 which report appears in the
December 31, 2001 annual report on  Form 10-KSB of American  Physicians  Service
Group,  Inc. Our report refers to the restatement of the consolidated  financial
statements as of December 31, 2000 and for the year then ended.


/s/ KPMG, LLP
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Austin, Texas
April 15, 2002