OnlineAutoInsurance.com Publishes FAQ on Evaluating Insurers
Orlando, FL, June 06, 2011 --(PR.com)-- In one of their latest FAQs, the writers at OnlineAutoInsurance.com explain that, although many may think that shopping for car insurance coverage is a two-step process - finding the cheapest policy and then buying it - it’s important to do some research about the coverage provider before making a final purchase.
According to a 2010 J.D. Power and Associates survey of more than 14,000 people who had recently shopped for coverage, 90 percent ended up opting to buy a policy from the cheapest insurer they could find.
Price will always be a major factor in deciding which insurer to purchase coverage from. But consumers should also consider which are the best rated auto insurance companies in addition to which are the best priced.
After getting a set of rate quotes from a number of companies, prospective policyholders are advised to get a feel for their customer-service track records.
If no one the shopper knows has had any experience with the insurers he or she is considering, most state regulators make available consumer-complaint reports that will give a snapshot of a company’s customer-service record. These annual reports usually weigh the amount of justified complaints filed against an insurer with the number of premiums or policies they had in place. The lower the ratio, the better chances that the company provides a better consumer experience.
Shoppers can usually find these reports through their states’ insurance department websites, a directory of which can be found at http://www.consumeraction.gov/insurance.shtml
If it’s a smaller coverage provider that the shopper has never heard of, it might also be a good idea to check the company’s licensing status via the department’s website to help ensure the coverage bought won’t be bogus.
To learn more about how to evaluate insurance companies, readers can go to http://www.onlineautoinsurance.com/companies/ratings/ where visitors will have access to informative resource pages as well as a quote-comparison generator that can help shoppers compare insurers quickly.
To access the full FAQ, visitors can follow the “Questions” link located at the top of any page on the site.
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According to a 2010 J.D. Power and Associates survey of more than 14,000 people who had recently shopped for coverage, 90 percent ended up opting to buy a policy from the cheapest insurer they could find.
Price will always be a major factor in deciding which insurer to purchase coverage from. But consumers should also consider which are the best rated auto insurance companies in addition to which are the best priced.
After getting a set of rate quotes from a number of companies, prospective policyholders are advised to get a feel for their customer-service track records.
If no one the shopper knows has had any experience with the insurers he or she is considering, most state regulators make available consumer-complaint reports that will give a snapshot of a company’s customer-service record. These annual reports usually weigh the amount of justified complaints filed against an insurer with the number of premiums or policies they had in place. The lower the ratio, the better chances that the company provides a better consumer experience.
Shoppers can usually find these reports through their states’ insurance department websites, a directory of which can be found at http://www.consumeraction.gov/insurance.shtml
If it’s a smaller coverage provider that the shopper has never heard of, it might also be a good idea to check the company’s licensing status via the department’s website to help ensure the coverage bought won’t be bogus.
To learn more about how to evaluate insurance companies, readers can go to http://www.onlineautoinsurance.com/companies/ratings/ where visitors will have access to informative resource pages as well as a quote-comparison generator that can help shoppers compare insurers quickly.
To access the full FAQ, visitors can follow the “Questions” link located at the top of any page on the site.
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Contact
Online Auto Insurance
Benjamin Zitney
909-784-2475
http://www.onlineautoinsurance.com/
Benjamin Zitney
909-784-2475
http://www.onlineautoinsurance.com/
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