Shopping for car insurance basically means that you are going to spend weeks, if not months of choosing the right option. This is true because the number of insurance companies is huge and every one of them offers certain benefits. So, if you are in such a situation and do not know what to do, read this article and find out what are some of the top car insurance companies. We are going to explore and let you know what is the best thing to do based on your needs. The insurers are evaluated based on various factors such as insurance rates, level of complains and collision claims` grades. We are also going to take a look at the factors that impact the insurance rate.
To begin with, an insurance company that is without a doubt one of the best ones in the U.S. has to be Erie Insurance. Based on all the factors, thus eventually getting a final grade, it shoots itself on top of the list with a perfect 5.0. However, there is yet another company that has a perfect score, the USAA. It also has a score of 5.0 so making the best choice is not going to be easy. Furthermore, getting a perfect grade does not make the company flawless. There are some things you need to take into consideration.
For example, Erie Insurance`s rates are nowhere as good as USAA. We do not say that they are bad, but comparing the two rates, USAA ranks higher. On the other hand, the collision repair score is way up higher for Erie. USAA got a score of C+ whereas Erie got a score of A-. As you can see, the difference is huge. Furthermore, the complaint level of Erie is higher than the industry average whereas USAA has a complaint level that is in the average score.
Of course, these are not the only top car insurance companies. There are plenty of other options that you can choose from. For example, there are couple of companies who got a score of 4.5. These two companies are State Farm and Travelers. Even though they have a very low level of complains, their biggest flaws are their auto insurance rates and the collision repair score. On average, they got a good grade for the rates and a C for the collision repair.
Last but not least, there are several companies who got a score of 4.0. These companies are Auto Owners Insurance, Geico and Nationwide. Even though some of the grades are fairly average, they fall back behind on overall score. Finally, the factors that impact the insurance car rates are your driving records, the place where you live, your age, they type of your vehicle, deductible amount, car insurance history and your credit score. As you can see, there are plenty of things you have to look out for when getting a car insurance. Yet, now you know more things and the decision you are going to make is going to be easier.