When choosing the best auto insurers, there are many factors to take into consideration. These factors include Customer reviews, Bankrate Score, Discounts, complaint data, and Customer reviews. You can choose which one suits you best. It doesn't really matter if you want a comprehensive insurance policy or one that covers liability. But it is important to know the key features of a policy.
Bankrate Score
Bankrate looks at more than price when evaluating top auto insurance companies. Bankrate considers customer service and technology as well as digital resources. The digital age is accelerating the pace of change for insurers. To remain competitive, they must adapt to rapid changes and constantly improve their offerings.
Bankrate scores insurance companies by analyzing third-party ratings and customer satisfaction scores. Bankrate also takes into account their financial strength and accessibility online and via mobile. Each carrier is assigned a score out of 5.
Take Discounts
You can often get a discount on your insurance premium if you own more than one vehicle. This could save you between five and ten percent. The most common discount is the paid-in-full discount. This discount rewards the premium payer for paying in full. You can often receive a discount of up to 10% if you pay your premium in full upfront.
Multi-car discounts are another option. It is possible to save money on multiple vehicles by insuring them under one policy. This discount is offered by most insurers. Progressive, for instance, offers a discount of 12% on multiple car insurance policies. Many major insurers offer discounts for multi-policy purchase. You may also qualify for a discount if you are a student. Geico offers 15% discounts to students, for instance.
Complaint data
Complaint data of auto insurance companies shows that they aren't all created equal. When a customer has to file a claims, this is the most common complaint. 68% of all complaints revolved around claims. These include low settlement offers, delayed claims processes, or denial of claims. Although the promise of prompt reimbursement is a compelling reason to purchase insurance, the experience can be stressful and frustrating.
The NAIC complaint indicator gives consumers a way to gauge a company’s quality of service. The index is a way to compare insurers on customer satisfaction by comparing their complaint ratio to the average nationwide complaint ratio. The complaint ratio is based on the number of complaints received per $1 million in premiums or annual premiums. Insurers with fewer complaints tend to offer better customer service.