Is your auto insurance company rated well?

FREE Auto Insurance Comparison

 Secured with SHA-256 Encryption

Compare quotes from the top auto insurance companies and save!

Here's what you need to know...
  • Most car dealers won’t let you drive off the lot without auto insurance
  • One of the areas that many consumers consider important is consumer satisfaction
  • On the state Department of Consumer Affairs website, you can find out information about an auto insurance company’s legal status in your state

When you buy a new car, one of the first things you should do is get auto insurance. In fact, most dealers will not let you take possession of your car unless you can show them proof of insurance.

You will also need insurance to register your car and drive legally.

Even if you already have auto insurance in place, you probably want one of the highest rated auto insurance companies on your side.

Top rated insurance companies usually have excellent customer service, process claims quickly and efficiently and are financially stable and can weather disasters and the resulting high numbers of claims that are filed.

Our FREE auto insurance tool can help you find top rated companies when you enter your zip code above!

Consumer Satisfaction

AdobeStock_62346879-1600x1600

One of the areas that many consumers consider important is consumer satisfaction. Consumer satisfaction surveys encompass customer service, claims processing, policy premium rates and the ease of communicating with an insurance company.

One of the best-known consumer satisfaction websites is JD Powers and Associates.

They conduct an annual review of each auto insurance company and survey thousands of consumers each year, asking about various aspects of their experiences with car insurance companies.

Consumer satisfaction reports are available online to help you find unbiased reviews and advice to give clarity to your car insurance search.

Consumer Reports is also another well-known consumer review organization.

They regularly provide reviews of auto insurance companies and determine which companies perform best in customer service, policy benefits, and claims processing.

You can read reviews from Consumer Reports on their website or in their magazine publication.

FREE Auto Insurance Comparison

Compare quotes from the top auto insurance companies and save!

 Secured with SHA-256 Encryption

Legal Standing

Another aspect to consider when looking for top rated auto insurance companies is their legal standing. All states have a Department of Consumer Affairs, which regulates the insurance industry in their state.

On the state Department of Consumer Affairs website, you can find out information about an auto insurance company’s legal status in your state.

You can also find out about the license of any insurance agent or broker in your state.

Your state Department of Consumer Affairs website should also have information regarding any complaints or lawsuits that have been lodged against an insurance company, agent or broker.

Top rated auto insurance companies will have low numbers or no complaints lodged against them. They also should have no or very few lawsuits against them.

Business Reputation

AdobeStock_48490281-1600x1600

You can also find out about an auto insurance company by visiting the Better Business Bureau website. The Better Business Bureau works with consumers to mediate and resolve complaints against companies.

They also keep and publish information regarding problems customers have with insurance companies.

Additionally, they have a certification program for companies demonstrating a commitment to customer service.

You can also find out about an insurance company’s business reputation from a multitude of consumer review websites.

Sites such as My3Cents and City-Data are websites in which consumers can voice the opinions, good and bad, about their experiences with car insurance companies.

Financial Stability

When looking for top rated auto insurance companies, financial stability is one factor you should consider especially important. All insurance companies are required to have financial reserves in place to

All insurance companies are required to have financial reserves in place to ensure that they can pay claims by policyholders.

However, not all insurance companies have large financial reserves to withstand significant numbers of claims if a disaster hits.

There are a number of independent financial evaluation organizations that periodically review insurance companies and make their assessments available to the public.

Three of the best-known evaluation companies are AM Best, Standard and Poor’s and Fitch. You can review their findings on their company websites.

Insurance companies receiving high rates have strong financial reserves in place. They also have strong credit ratings and established financial policies that make them financially stable.

Superior ratings are “A++,” “A+,” “A” and “A-.” Good ratings are in the “B” range. Lower grades indicate less favorable financial stability.

Insurance Review Sites

Another source of information regarding auto insurance is insurance review websites. Many insurance review websites provide detailed information regarding products and services insurance companies provide.

They also often offer premium rate comparisons, which allows you to review rate quotes from multiple companies at the same time.

Insurance review sites also frequently provide consumer reviews about their experiences with insurance companies.

These sites may also make specific recommendations regarding insurance companies based on their own internal review information.

Evaluating an Auto Insurance Company

AdobeStock_111908338-1600x1600

When you are evaluating an auto insurance company, far more than price should be your concern. Top rated car insurance companies provide customer service for you around the clock.

Since accidents do not always happen during office hours, you need to be able to reach a customer service representative who will be able to provide you with immediate assistance when you have your accident.

You should also look for an auto insurance company that has a strong business reputation and financial stability. Shy away from companies with large numbers of complaints or lawsuits.

You should evaluate your car insurance company each time you renew your insurance policy.

Even if you have been with your auto insurance company for a long time, it never hurts to do a bit of research to determine if you are getting the best rates possible, provided by the best company possible.

Enter your zip code below into our FREE car insurance comparison tool to make sure you are getting the best rates possible!

FREE Auto Insurance Comparison

Compare quotes from the top auto insurance companies and save!

 Secured with SHA-256 Encryption

[0-9]
[0-9]