There are a lot of factors to consider when choosing the best auto insurance companies. These factors include Customer reviews, Bankrate Score, Discounts, complaint data, and Customer reviews. The final decision is yours. It does not matter whether you need a comprehensive or liability insurance policy. You just need to know what features to look for.
Bankrate Score
Bankrate is more than just a price comparison when choosing the best auto insurance company. Bankrate considers customer service and technology as well as digital resources. The digital age is accelerating the pace of change for insurers. They must keep up with this rapid change and improve their offerings in order to maintain their competitive edge.
Bankrate ranks insurance companies by looking at third-party ratings and customer satisfaction. They also take into consideration their financial strength, as well as mobile and online accessibility. Each carrier is given a rating out of five points.
Enjoy Discounts
A discount can be taken off your premium if you have more than one automobile. This could save you between five and ten percent. The most popular discount is the paid–in-full. This discount rewards you if your premium is paid in full. You can often receive a discount of up to 10% if you pay your premium in full upfront.
Multi-car discounts may also be available. You can save money if you insure more than one vehicle under one policy. This discount is available from most insurance companies. Progressive, for example, offers a 12% discount when you purchase multiple policies of car insurance. Multi-policy purchases are also offered by some major insurers. If you're a student, you may be eligible to receive a discount. Geico, for example, offers a 15% discount to students.
Complaint data
Complaint data of auto insurance companies shows that they aren't all created equal. Customers most frequently complain about having to file a claim. 68% of all complaints revolved around claims. These include low settlement offers, delayed claims processes, or denial of claims. Although it is compelling to purchase insurance because of the promise that you will receive prompt reimbursement, it can also cause frustration and stress.
The NAIC complaint data index allows consumers to determine the quality of a company's services. This index allows you to compare the complaint ratios of different insurers to determine their customer satisfaction. Complaint ratios are based on how many complaints a company receives per $1 million in premiums earned or the annual premiums. Insurers with fewer complaints tend to offer better customer service.