Monday, 27 October 2014
Auto insurance company ratings used to be a fairly well kept secret,
but now anyone with an internet connection can see them. The insurance companies are being looked at with a microscope and this can only benefit the consumer.
A web search for auto insurance company ratings returns more than twenty-two thousand results so you can see there is no shortage of information on these companies. In fact the opposite problem exists when it comes to automobile insurance companies; there is too much information.
The trick is in figuring out which sources are reliable. There are two well known and respected companies that rank auto insurance companies every year; J.D. Powers and Associates and A.M. Best and Company. They consider such things as the ease of the claims process, customer service, and pricing. Both of them are free and they both contain very valuable information.
You should not choose your car insurance company based on price alone. Using a company that is at the top of the rankings will ensure that if you ever need your insurer they will come through for you.
Of course price is important as well. This is why we recommend requesting quotes from the top five performing insurance companies. If you do this you will be able to compare quotes from the top performing companies in the industry before you purchase your policy.
Before you make a final decision on the policy make sure the coverage levels are high enough to protect you financially in case you are in an accident. There are far too many underinsured motorists out there and you don't want to be one of them.
The auto insurance company ratings are a good guide as to which companies you should be considering. Once you are aware of which ones are amongst the top performers it will make the search for your next automobile insurance policy that much easier.