There are many things to consider when selecting the best auto insurance company. Bankrate Score, customer reviews, discounts, and data regarding complaints are some of the things you need to consider. The final decision is yours. You need to be aware of the features you should look for in a policy.
Score at the Bankrate
When evaluating the best auto insurance companies, Bankrate considers more than just price. It considers customer service, technology, and digital resources. Insurers are constantly evolving in this digital age. In order to remain competitive, they need to keep up with the rapid changes and enhance their offerings.
Bankrate scores insurance companies by analyzing third-party ratings and customer satisfaction scores. Bankrate also evaluates their financial strength, online and mobile accessibility, and other factors. Each carrier is assigned a score out of 5.
Enjoy Discounts
A discount can be taken off your premium if you have more than one automobile. This can save you anywhere from five to ten percent. The paid-in-full discount is the most popular. This discount rewards you if your premium is paid in full. You may be eligible for a discount up to 10% on your premium if you are accustomed to paying in full.
Multi-car discounts can also be availed. Insurance policies that cover multiple vehicles can be a cost-saving option. Many insurers offer this discount. Progressive, for example offers a 12% discount on multiple auto insurance policies. Some major insurers offer multi-policy discount. You may also qualify for a discount if you are a student. Geico, for instance, offers a 15% discount for students.
Complaint data
Auto insurance companies have a variety of complaints. When a customer has to file a claims, this is the most common complaint. 68% of all complaints related to claims were actually about claims. This includes low settlement offers and delays in the claims process. Although the promise of prompt reimbursement is a compelling reason to purchase insurance, the experience can be stressful and frustrating.
The NAIC complaint index gives consumers the ability to assess a company's service quality. This index allows you to compare the complaint ratios of different insurers to determine their customer satisfaction. The complaint ratio is based on the number of complaints received per $1 million in premiums or annual premiums. Less complaints mean better customer service.