Review - Best Auto Insurance Companies
What causes people to stay with the same auto insurance company year
after year? If you guessed price, you're part way there but several other
factors play a role. Looking for the best auto insurance companies
is more than just getting the lowest rate, though it helps. In fact,
according to a J.D. Power and Associates 2010 National Auto
Insurance Study, auto insurance carriers are more likely to renew their
policy if they have experienced "overall satisfaction" from
their insurance company. In this study, J.D. Power's measured several
factors designed to" interpret satisfaction". Review the following.
They include:
- 1) Overall Satisfaction
- 2) Price and Claims
- 3) Interaction
- 4) Policy Offerings
- 5) Billing and Payment
From this Study, Here are the Best Rated Auto Insurance Companies:
- #1 - Amica Mutual (11th year in a row)
- #2 - Erie
- #3 - Auto Owners
- #4 - Shelter
- #5 - State Farm
Note:
USAA, like top rated Amica Mutual also received high marks in the above
categories: 1. overall satisfaction, 2. price and claims, 3. interaction,
4. policy offerings, 5. billing and payment. However, because USAA provides
auto insurance and financial services, only, to the US military community
and their family, it wasn't included in the ranking order.
But take note, USAA Ranked #1 in Customer Service with BusinessWeek.
Want more Ratings?
To find out the financial strength and ratings of an auto ins company visit: AM Best and Standard & Poor's websites.
For example:
Esurance is rated 'A' (Excellent) by industry-leader A.M. Best
Geico is rated A++ (Superior) rating for financial stability
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Classic Car Insurance