Car Insurance Companies:
Which One Is Right For You?

You read all the articles, scoured ever piece of advice on how to save money on your car insurance, so you know that you need to shop around and seek out discounts where you can. Yet, do you know how to determine from your quotes which car insurance company is right for you? Well, there are four ways you an be sure you are not only working with a company giving you the best price, but also working with a reliable car insurance provider.

First, you will want to research the companies whose quotes you are considering in order to find out how reliable they are. A good place to start is to check out your state’s department of insurance’s website. Every state has a department of insurance that regulates insurance organizations that do business in the state. Almost all of the state’s have a website for the department of insurance, and they usually offer a report on consumer complaint ratios that will tell you how many complaints an car insurance provider has had per 1,000 claims.

This consumer complaint ratio is good to research, as some companies have big names or make specific claims that the complaint ratio counteracts. Compare the quotes that most interest you with the companies with the lowest ratios. These should be the companies you most strongly consider. If your state does not publish this list, you could get one from another state, however, be warned that practices can vary by state, so it may not be truly accurate for where you live.

Another great resource for making sure you are looking at a reliable car insurance company is to talk it over with body shop owners along with friends and family. Body shops interact with insurance companies frequently, so they will have an inside perspective on car insurance providers that others may not have. Your friends and family will also be able to tell you about their experiences with various car insurance providers.

J.D. Power and Associates is a data collection agency that rates car insurance providers based on types of coverage, price, claims handling, and satisfaction. Also, consumer agencies often have reports and rankings on insurance providers. Checking into these reports can give you an overall feel for how insurance companies treat their clientele.

Financial strength may not be the first thing on your mind when you are comparing car insurance quotes to find the car insurance company that is right for you, but using A.M. Best or Standard and Poor’s to determine your car insurance companies potential ability to pay for a claim is important should anything ever happen to your vehicle. Though these ratings do not tell you anything about customer service, they will tell you if the insurance company will be able to pay out your claim. At minimum, you should only consider companies that have a BBB or B+ rating or higher.

If you are sitting down with your car insurance quotes in front of you wondering which one will work best for you, then following these methods may help narrow your search down a bit. It may seem time consuming to do the research, but in the end, you will end up with a better car insurance experience.

Car Insurance Companies:
Which One Is Right For You?

Insurance Resources

Insurance Articles

Car Insurance Companies: Which One Is Right For You?

Insurance Resources

Insurance Articles

Car Insurance Companies:
Which One Is Right For You?