Resources to Choose the Best Car Insurance Company

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Everyone today is looking for the best deal.  Car insurance is no exception.  Not only do consumers want the best price for your premium, they are looking for coverage with a company that is known for good customer service and is financially solid.  Here are some resources to turn to make the best choice:

Insurance Companies Are Rated for Quality

 It’s important to find a financially strong company when shopping for car insurance.  A company with a low rating might be less willing or less able to pay you if you file a claim.  After your car is damaged or broken into, having to fight with your car insurance company for payments is one headache you don’t need.  To help you find the best company, there are agencies which rate insurance companies and offer their results online.  Each agency using a slightly different criteria to come up with a different rating but all agencies focus on the financial soundness of companies.  Companies with the best, user-friendly websites are Ambest.com, Fitch.com and Moodys.com.

Your State Department of Insurance Can Help

Every state has a department of insurance.  This department gives licenses to insurance companies and often posts information online about the quality of coverage or consumer complaints. Because these departments provide licenses for insurance companies, they can tell you if your company is licensed and if they have a good rating.  If online resources don’t provide this information, call your state department of insurance for this information.  If a company is not listed with this department, it is not licensed to sell insurance in your state and you should not buy their policy.  

Find Out About Consumer Complaints

The Better Business Bureau in your area is another great resource.  This non-profit organization offers subjective opinions about insurance companies, based on criteria such as the best customer service and the most affordable and publishes ratings of companies and consumer complaints for your information.

When shopping for car insurance in today’s unstable financial markets, it’s important to look beyond the best premium quote.   Consumers also want a company that will be there for you if you a file a claim and can offer you stable, long-term coverage.  To find that company, research these resources online or make a few easy phone calls.  The time you spend doing your homework will be well worth it in the event of a claim. 

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