When choosing the best auto insurers, there are many factors to take into consideration. Bankrate Score, customer reviews, discounts, and data regarding complaints are some of the things you need to consider. Ultimately, it is up to you to decide which one is best for you. You need to be aware of the features you should look for in a policy.
Score at the Bankrate
Bankrate looks at more than price when evaluating top auto insurance companies. Bankrate also considers technology, customer service, and digital resources. Digital age changes are driving rapid innovation in the insurance industry. In order to remain competitive, they need to keep up with the rapid changes and enhance their offerings.
Bankrate grades insurance companies based on third-party ratings as well as customer satisfaction scores. They also assess their financial strength as well as online and mobile accessibility. Each carrier's overall score is calculated using five points.
Take Discounts
You may be eligible for a discount on your premium if more than one car is registered. This can save you up to ten per cent. The paid-in-full discount is the most popular. This discount is a reward for paying your premium in full upfront. You may be eligible for a discount up to 10% on your premium if you are accustomed to paying in full.
Other discounts include multi-car discounts. Insuring multiple vehicles under the same policy can help you save money. Many insurers offer this discount. Progressive, for example, offers a 12% discount when you purchase multiple policies of car insurance. Some major insurers offer multi-policy discount. If you're a student, you may be eligible to receive a discount. Geico, for instance, offers a 15% discount for students.
Complaint data
According to data collected from customers of auto insurance companies, they are not all equal. Customers most frequently complain about having to file a claim. In fact, 68% of all complaints were about claims-related issues, including low settlement offers, delays in the claims process, and outright denial of the claim. The promise of prompt reimbursement is an attractive reason to purchase insurance. However, it can also be stressful and frustrating.
The NAIC complaint data index allows consumers to determine the quality of a company's services. The index can be used to compare insurance companies on customer satisfaction, comparing their complaint rate to the national average. These ratios are calculated based on how many complaints a company gets per $1,000,000 in premiums earned, or the annual premiums. Insurers with fewer complaints tend to offer better customer service.