It would be great to have a list available of the best auto insurance companies so a wondering consumer wouldn’t have to look very hard to find the top rated insurer. Unfortunately, this top rated list isn’t entirely available. There are actually a few lists of top rated insurers, all ranked according to different aspects of their company. One company may be found to have the lowest prices overall while another company is ranked number one for their customer service abilities. It’s nearly impossible to come up with one list ranking the overall top 10 car insurance companies because every driver has a differing opinion about who reigns supreme in all categories.
How To Choose
Most drivers think, well, if there isn’t just one decided top company in the industry, how will I know who is the best? Drivers can answer this question themselves once they realize what is important to them when it comes to their insurer and what they provide. A few of the more popular things that are taken into consideration by people choosing a provider is the price offered, the insurer’s customer service, and the financial strength of the insurer. An additional factor can include whether or not the insurer is recognized by the state. We’ll discuss these factors in more detail below so drivers have a concrete idea as to how the top 10 insurance companies can be found.
Price – The price that is offered by an insurer plays a huge role in deciding which insurers are among the top 10. The most popular insurers will always offer comparable rates, especially lower rates for the same coverage that is being offered by other companies. Finding the lowest price will take effort on the driver’s part, which will include gathering quotes from a number of companies to see who offers the cheapest price. This gathering can most easily be done by using our quote comparison tool found on our homepage or any of our webpages that has a white box asking for a local zip code. Enter in the local zip code and proceed by answering the questions. When the questions are answered and submitted, the driver will then be given a list of quotes that are from local insurance companies who are willing to provide coverage for that driver. The quotes can be compared for the lowest price, and if the driver chooses they can purchase one of the policies right there online with a credit card.
Knowing which insurers offer the lowest prices for the coverage wanted will help drivers choose their own top 10 insurers.
Customer Service – The type of customer service that is offered by an insurer should also be factored into choosing the top 10 insurance companies. No one likes dealing with impolite representatives or even worse, representatives that don’t know much about the company and can’t answer the customer’s questions. Other factors go into customer service as well, such as the ease of getting in touch with the insurer either through a phone number that is answered quickly, an office nearby, or a website that is easy to read. Filing a claim should be simple to do, and even better if that can be done through the website without having to speak to a representative. Paying the bill electronically should be an option for the convenience of the policyholder. JD Power conducts their own evaluation of insurer’s customer service and then they post their findings for public viewing. Drivers can check out their website to see where their current insurer ranks. Also, speaking with other drivers about their insurer’s customer service can also help the policyholder grasp a better idea about who is customer service oriented and who isn’t.
Financial Strength – The financial strength of an insurance company is not something to be dismissed. If the provider does not have the ability to pay for a filed claim, what is the point of having them as an insurer? These insurers who cannot pay do not broadcast their lack of financial strength, especially if it’s something that is gradually occurring for fear of losing customers and making their downfall happen sooner. Policyholders can check on their insurer’s financial strength by looking into the assessments of companies like AM Best, Standard and Poor’s, and Weiss Ratings, who all look into the financial status of insurance companies. These three companies perform their own appraisals and find out what the financial workings of the insurance company are, and then post them for anyone to see. Motorists should take advantage of these third party evaluators since most companies don’t advertise their finances on a regular basis for their customers to view.
Recognized By The State – Most insurers are recognized by the state, but it’s important to make sure. Only the best companies go to the state and register with them. When an insurer is a state approved carrier, the state will assume partial responsibility for their financial loss if something drastic were to happen to the insurance company. Also, knowing an insurer is registered with the state is another way to know it’s legitimate and not a scamming, false company. Drivers can check with their state’s Department of Insurance for verification.
Motorists can look into the local insurers and find out about these four discussed factors, and how each of these factors plays a role in individual insurance companies. The results can be compared and then they will know the top 10 auto insurance companies in US, or even the ones serving their local area. It should be stressed that when these lists are made, they are formed according to what is important to the individual who is building them and not necessarily other individual drivers. One person made decide that the lowest price is the most important aspect while another driver may feel great customer service is the priority, despite paying a little more for the policy. A company who makes the top 10 list on a national level may not be the right choice for every driver due to differing opinions. Making a list of your own top 10 choices may be the best way to figure out which company would be best to provide insurance on your vehicle.
