Car Insurance Company Ratings

Reader’s Question:

What is the easiest way to check car insurance company ratings?

Ben

New York NY

 

The easiest way of getting car insurance review is through the internet. There are websites of independent agencies that rate insurance companies. Following are some websites you can check:

1. You can go to rating agencies websites like: A.M. Best Company, Standard & Poor’s, Fitch, and others. These rating agencies commonly grade an insurance company based on their financial strength.

2. Your state department’s insurance website can also be a good source for car insurance review. They would usually post consumers complaints against insurance providers on their website.

3. The Better Business Bureau website can also be a good source of information for insurance companies. They provide consumers and business reviews, ratings, reports, and complaints.

With these easy steps, there is no excuse why you cannot make a proper review of insurance company before engaging business with them.

How to Find the Best Insurance Company

Reader’s Question:

I’d like to know how I can choose between auto insurance companies effectively. How do I know I’m getting the best deals and reliable service?

Donatello

Portland, OR

Good question. Getting the right auto insurance company is just as important as getting the best rates. However, this is easier said than done to a lot of people. Listed below are a few useful tips to maximize your chances of getting the right kind of auto insurer for you.

1. Independent Rating Agencies - Moodys, J.D. Powers, A.M Best, and Standard & Poor offer a wealth of information to consumers by rating/scoring the performance of different companies. Scores fall under categories such as billing and payments, customer service, and pricing. This can help you get a good idea about the insurers you should be doing business with.

2. Online Comparison Websites - Use these to obtain free quotes and compare offers coming from many different insurers. This is a good way to maximize your ability to spot the best-priced policies in the market.

3. Better Business Bureau (www.bbb.org) - This is another resource that consumers should take full advantage of. The BBB helps by educating people about good business and learning about complains against certain companies. This will help you become a smarter consumer.

4. Ask Around - Referrals can be a great way to find out about the best auto insurance companies. Ask your friends, relatives and co-workers. Doing this can lead to some valuable insights that can help you choose your auto insurer effectively. You get instant feedback from their actual experiences with the companies they went with as well.