Car owners looking for a bargain on cheap car insurance often want to know who are the best auto insurance companies? In this day and age, with the prevalence of online car insurance comparison sites, along with the many factors that go into choosing the right car insurance, this question is extremely difficult to answer.
What qualities should the best auto insurance company possess? If it’s simply about offering cheap car insurance, then a simple search at any of the many websites that allow you to compare auto insurance quotes would reveal the answer. Clearly however, it’s not just about offering the cheapest auto insurance. The best auto insurance companies should also be financially stable, have a long line of happy, satisfied customers, as well as an impeccable track record of strong customer service, fairness in dealing with its customers, and financial stability. There are numerous places you can go online in order to research these factors for find the best auto insurance companies.
Finding The Best Auto Insurance Companies
1. Do An Online Search
The simplest way to start your research on an auto insurance company is to do a search in your favorite search engine, whether it’s Google, Bing, or Yahoo. Keep in mind that with any large company, you will inevitably find complaints but they still could be one of the best auto insurance companies out there. The key is whether the complaints appear reasonable and well thought out, whether the complaints appear to be about something systemic, or may simply be related to a single isolated customer service incident, and whether there appears to be a pattern of similar complaints. All of the best auto insurance companies will have complaints its up to you to pick the best one.
2. Examine Consumer Satisfaction Surveys
In addition to a general internet search, you can also examine specific consumer satisfaction surveys carried out by reputable consumer survey groups like J.D. Power and Consumer Reports for more specific information about an auto insurance company’s customer satisfaction levels, so you can figure out if they are one of the best auto insurance companies out there.
3. Check The Consumer Information Source
The National Association of Insurance Commissioner’s keeps a database of information about insurance companies in America. Here you can find information including closed insurance complaints, licensing information as well as key financial data of registered insurance providers. The NAIC database also provides information from each state’s department of insurance, allowing you to check their consumer complaint ratios as well as do basic rate comparisons of some of the best auto insurance companies.
4. Check The Financial Strength Of The Insurance Company
One way to gauge the financial stability of an insurance provider is to look at their Standard & Poor’s ratings. These can be accessed online and provides a rating for the company based on Standard & Poor’s assessment of their financial history. Looking at there financial strength will give you a good idea if they are apart of the best auto insurance companies to date.
5. Solicit Referrals From Friends & Family
While anecdotal evidence is not usually the best evidence to hang your hat on, you can always rely on your friends and family to give you 100% honest and unbiased information about their experiences with their auto insurance companies. While online reviews can be faked, the opinion and experience of your friends and family is genuine. Additionally, your friends and family may view things similarly to you, making their opinion more relevant to your decision than some stranger’s opinion on the internet. Most time there opinions are good to find the best auto insurance companies out there.
Top 10 Best Auto Insurance Companies
Below is a list of the top 10 best auto insurance companies in America. This list of best auto insurance companies does not necessarily indicate that these companies are superior to others, and the list is not in any particular order. It is not based on any comprehensive or subjective auto insurance company ratings, rather it is based merely on the size and profile of the companies mentioned. Essentially, it is a list of the largest auto insurance companies in America and some of the best auto insurance companies out there.
Geico
With perhaps the most recognized commercials and slogans in the insurance business, Geico also has a strong record of impeccable customer service and a huge customer base of followers. Additionally, Geico is owned by Warren Buffett’s Berkshire Hathaway, meaning your money is definitely in good hands. They are the standard for what some best auto insurance companies strive to be in the auto insurance industry.
Allstate
Speaking of good hands, that is our next provider’s slogan – “You’re in good hands”. All State is also known for its customer service and is one of the largest insurance providers in the US. Claims agents with All State are known for their warmth and friendliness. The second largest in the U.S. and definitely one of the best auto insurance companies for your money.
State Farm
State farm is the largest insurance provider in North America.
Esurance
Esurance is well known for its hot cartoon girl television ads, but they deliver a lot more than flashy ads. Esurance offers 24/7 support and competitive pricing.
Amica
While Amica doesn’t find itself in the spot light as much as some of its competitors, Amica has developed a reputation for delivering no-hassle claims.
USAA Auto Insurance
United States Automobile Association Insurance is well reviewed by nearly all who are fortunate enough to qualify for their coverage. Unfortunately, their coverage is limited to military personnel and their families.
American Family Auto Insurance
American family auto insurance is a smaller insurance company, available in only 19 states. However, they have developed a hard earned reputation for friendliness and prompt payment of claims.
Liberty Mutual
As one of the older insurance companies on this list, Liberty Mutual stands for reliability. They’ve been around for awhile, and will continue to be there in the future. Additionally, they offer competitive rates as well as quick processing of claims.
Progressive
Progressive is another one of the best auto insurance companies well known amongst the public for their catchy television ads. However, they have a lot more to offer than flashy television spots. Progressive is well known for offering quick and easy online car insurance quotes, great rates, and top notch service.
AAA – American Automobile Association
Perhaps the most well known brand of all is the American Automobile Association. While AAA is not priced as competitively as some of its peers, AAA offers fantastic service as well as bonuses like roadside assistance as well as discounted travel accommodations.
Compare Best Auto Insurance Companies To Find The Best
It’s important to remember that this list isn’t determinative with respect to which provider can offer you the right policy, but they are some of the best auto insurance companies in operation. The way to find the best auto insurance companies for your needs is to compare auto insurance quotes online and combine that information with through research on each individual auto insurance company. Doing so will ensure that – whichever auto insurance company you chose – you will have an auto insurance policy that fits your budget and meets your needs to find the best auto insurance companies it will take some time, some research, and phone calls but if you do your homework you should be happy with you choice.