Auto Insurance Ratings - Find Out Which Companies Are the Best?

Friday 22 April 2016

When you are in search of an auto insurance company for your vehicles, you may be overwhelmed with the many options available. How can you know that the company you are selecting is financially sound? What about if they will provide you with excellent customer service? And of course, are you being offered the best insurance rate for the type of coverage you require? One of the best ways to answer these questions is to review ratings information from two of the top organizations: J.D. Power and A.M. Best. This information can enable you to dig a little deeper into the auto insurance companies before selecting a policy, allowing you to make the best financial decision for you and your household.
J.D. Power
J.D. Power, one of the most widely respected ratings organizations, recently released the ratings for top auto insurance companies. Below are the top 5 winners in the primary categories. As a global marketing company, J.D. Power conducts unbiased and independent surveys of product quality, customer satisfaction, and buyer behaviour. With regards to auto insurance companies, the results for their 2008 survey are noted below for overall experience, policy offerings, pricing and billing/payment.
Overall Experience
  • Amica Mutual
  • Automobile Club of Southern California
  • Erie
  • USAA
Policy Offerings
  • Allstate
  • Amica Mutual
  • Automobile Club Group
  • USAA
Pricing
  • 21st Century
  • Amica Mutual
  • Automobile Club of Southern California
  • Erie
  • USAA
Billing and Payment
  • USAA
  • Amica Mutual
  • California State Automobile Association
  • GEICO
A.M. Best
A.M. Best is one of the leading, worldwide ratings and financial data companies in the world. When evaluating auto insurance companies, A.M. Best works as a great resource for review of a company's financial strength. Consumers and institutions look to A.M. best for information about the top insurance companies in the world, looking to determine the company's credit worthiness and financial strength.
While auto insurance rates are always a factor for consumers making their decision about which auto insurance carrier to select, financial strength plays an important role in ensuring that the company will be there in the event that the consumer needs to file a claim. To review A.M. best credit ratings, visit their home page online which is regularly updated. You will be able to search for insurance companies by their name, or their state to review information. You can also search by the particular type of insurance; auto, life, home, health and disability.
Armed with information about which auto insurance companies are best, you will be able to make a well informed decision about which company and which policy to choose.

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