How to Compare Automobile Insurance Companies
If you have a car accident, you want your insurance company to pay your claim quickly and to treat you fairly. Therefore, be sure you take time to evaluate companies before you choose one.
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Department of Insurance
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Every state has a Department of Insurance. Call this department or check its website to ensure that an insurance company has a license to sell insurance in your state. You can also see how many complaints customers have lodged against an insurance company.
Financial Stability
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Check an insurance company's financial stability by looking up its rating on the Standard and Poor's or A.M. Best websites. Select a company that has at least a BBB rating from Standard and Poor or a B+ rating from A.M. Best.
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Friends and Neighbors
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Talk to your family, friends and neighbors and see if they have any experience with the insurance company you are evaluating. Your local body shop may also be able to tell you which insurance companies are the easiest to work with.
Compare Quotes
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Get quotes from several different insurance agents or use an online insurance comparison website so you can see which insurance company offers the best price.
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References
- Photo Credit yellow car, a honda japanese sport car model image by alma_sacra from Fotolia.com
