Best Automobile Insurance Companies – How Can You Tell The Best From The Rest

Posted by in Car Insurance on July 20, 2011

Just what are the qualities that make for the best automobile insurance companies? The answer to this question could mean the difference between a decent quote or a bad quote, but it could also mean the difference between good coverage and bad coverage. This article will reveal the things that make an insurance provider, worthy of being called the best. And after reading you’ll be able to make a better choices when looking to insure your automobile…

Insurance Is Accessible – No Expensive Upfront Fees
The best automobile insurance companies will strive to make insurance accessible and won’t go overboard when setting policy rates. Insurance policies as you may well know are based on several variables, but there is a standard element to any policy. This is the element that you should pay close attention to. If it’s too high stay away from he company; no matter how much they claim to be the best.

Sound Payout Record
It is often said that insurance companies make every effort NOT to payout in the event of an accident, and if the infomercials are to be believed then finding an insurance company that has a decent payout record is super important. It isn’t too difficult to spot a company with a poor record of payout. The Better Business Bureau and other consumer watchdog organizations usually have ample data on the poorer performing companies.

The payout record of a company should also inform your decision about the type of coverage you take out. Typically, the better the payout record, the greater the coverage you can take out. And since the better the coverage the higher the premium, you simply cannot afford to make any mistakes in this department.

Reasonable Deductible Percentage
The deductible percentage represents the amount that you’ll have to fund in the event of an accident. It varies from provider to provider, but your goal should be to select the provider with the lowest percentage. This percentage can always be increased by you later on, should you decide to use it as cost saving measure on the overall quote itself. Read the rest of this entry »

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Some of the Top Car Insurance Companies

Posted by in Car Insurance on July 20, 2011

When searching for car insurance companies it is important to know a little about the company you will be working with. Each insurance company offers their customer something a little different. Here is a list of insurance companies.

Farmers Insurance

Founded in 1927, Farmers Insurance currently has over $10 billion in assets. Financial ratings companies list the insurance agency as being in between good and very strong. The company was listed as one of the worst responders for claims and late payments in 2003. In 2006 they were awarded “most improved” by Consumer Reports.

Allstate Insurance

With revenues of almost $30 billion, Allstate is the largest publicly held insurance company in the United States. The company has received criticism from both CNN and Business Week Magazine for not offering their customers legitimate benefits.

The American Insurance Group/AIG Casualty

AIG was one of the companies that was hit hard by the financial crisis of 2008 and received government bailout money. The company was originally founded in China, in 1919, but is now located in New York City. Currently the company has revenues of almost 30 million, but they have not fully recovered from the blow they took in the financial crisis.

Nationwide

This company was originally founded in 1926 and only offered insurance to farmers in Ohio. Nationwide is a mutual car insurance company and has income of around $25 billion a year. After spreading their coverage to neighboring states of Ohio, the company now offers insurance across the nation. This company is known as being very diverse and is one of the largest supporters of African American and gay causes.

Liberty Mutual

Liberty Mutual owns property in countries around the world, making the company truly an international insurance giant. With current revenues at around $30 billion, this company has been around since 1912. One of the things that Liberty Mutual does is complete studies to help keep work environments safe. Their institute conducts studies worldwide to increase safety measures.

Progressive

The first insurance company that conducted and accepted insurance policy sales over the phone, Progressive has been the leader in adapting to technology. The company has focused mainly on car insurance and has led the process in streamlining the insurance process. The company was also one of the first insurance companies to enter the web arena and offer policies over the internet. Read the rest of this entry »

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