When you’re shopping around for the best auto insurance rates, you can turn to several websites that rate different insurance companies for customer satisfaction, quality of insurance policies and consumer reviews. Finding the best auto insurance provider can be time consuming, but learning about different insurance companies and their coverage options can help you make a more informed decision. Consumer reviews and ratings can also help you learn how an insurance company treats their customers.
One of the first things you can do when shopping for an auto insurance provider is to visit your state’s Department of Insurance website. Most states will list some of the major insurance providers in your area, and some rate them based on consumer complaints and feedback. Using “consumer complaint ratios” published on your state’s website can help you determine which insurance providers may be able to process claims efficiently and fairly. You can locate the insurance department for your state by visiting the Insurance Consumer Advocate Network website (I-CAN).
J.D. Power and Associates collects information about rates, coverage options, customer satisfaction and the overall experience, and lists dozens of major insurance providers around the country so that you can compare them at a glance. You can use this website as a resource for comparing different auto insurance providers in your area, and for narrowing down your search.
Standard & Poor’s ratings will give you an idea of the auto insurance company’s financial strength. A high rating could mean that the company will be able to pay out a claim relatively easily, but this rating does not necessarily indicate whether you will get the lowest possible auto insurance quote. You can use this site as a resource for determining whether the insurance company will be able to pay out a claim.
Another site that can help you determine financial strength is A.M. Best. This site publishes financial strength ratings for several insurance providers, and provides information on which car insurers are best at making their clients happy. It also provides tips for saving on auto insurance and information about different terms and definitions used by today’s leading insurance providers.
Comparing auto insurance rates from several different providers can help you make the most informed decision. You will need to evaluate your coverage options, find out how the claims process works, and look at complaint ratios to find an insurance company that will best meet your needs. Companies that rank low on complaint ratios and also offer the most competitive premiums should be at the top of your list for consideration.
“Insurance Consumer Advocate Network: Department of Insurance Listings for all 50 states,” I-Can.
“How to Choose the Right Insurance Company,” Edmunds.com.
“A.M. Best’s Consumer Insurance Information Center,” A.M. Best.