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How to Compare Auto Insurance Companies

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  Auto Insurance Insurance

Many advertisements are aimed at getting people to compare auto insurance coverage only on the basis of premium cost. However, it is important also to review the coverage on the basis of what is covered, deductibles and terms. It is also important to consider whether the company is local to you and can meet with you periodically at the location of your choice. And it is important to study customer reviews and testimonials regarding customer service and what happens when an accident or loss occurs.
Like anything else “you get what you pay for” when it comes to insurance. Are you looking for the most affordable insurance or insurance that will more than meet your needs should an accident, disaster or loss occur?

Learn how to request a care insurance quote comparison.

Schedule an appointment with one of our insurance agents to help you identify the questions you want answered when comparing car insurance options.

Is There Value to Having Multiple Insurance Companies?

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  Insurance

The short answer is yes, it may be good to have insurance with more than one company.
If you are eligible for insurance coverage under an affinity plan such as a plan that is only available to employees or retirees of a specific business or military personnel , veterans or retirees, you should investigate the coverage and rate of this plan. It may be a good idea to have insurance under that plan and also to have insurance with another insurance company. For example, affinity plans often offer insurance to individuals and families but may not offer insurance to homeowners and so if you are eligible for the affinity plan and also a business owner you may choose to sign up for the affinity plan for personal needs and then sign up for business insurance with another company.

Ask our insurance agency whether you should consider having insurance coverage with more than one company.

Top Insurance Companies | Insurance Company Ratings

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  Insurance

Learn how to identify the number one auto insurance company and best life insurance companies in Washington State.

One way to evaluate a company is to look at its size. Each year the National Association of Insurance Commissioners reports on the top 25 property/casualty insurance companies by market share. The report identifies the largest property and casualty insurance companies. You can find the report for 2014 at http://www.naic.org/documents/web_market_share_150302_2014_property_lob.pdf

Another method for identifying the best national car insurance companies/brands is to look at customer/consumer reviews. These include reviews on Yelp or Angie’s List which can help you review individual reviews and testimonials for a specific local insurance company and reviews on other review websites such as www.consumeraffairs.com which compile reviews on the basis of major national brands regardless of location. For example the page at http://www.consumeraffairs.com/insurance/car.html provides aggregate results of reviews of the best auto insurance companies for the current year.

Customer/consumer reviews are also available for the top reviewed national life insurance companies. For example, the Consumer Affairs report of life insurance company rankings is located at http://www.consumeraffairs.com/insurance/life.html

Another method of seeing how local auto insurance companies are rated is to use sites like the Better Business Bureau (BBB). This website allows you to look up a company by name and address. Results shown are for a specific business or franchise. However, it is important to note that the BBB is a membership based website and not all businesses choose to be members.

Then if you are looking for how to evaluate the best insurance company for your boat, motorcycle or rental property, it is helpful to do searches to find websites that specialize on sharing news and stories within a specific group of people who share the interests. However, when you do this, you should review the source to make certain you’re not just reviewing paid advertisements.

Finally, don’t underestimate the opinions of friends and family members. Most of our business comes by word-of-mouth referral. The personal experiences of our customers are powerful stories and testimonials. Nothing beats a relationship that has already proven to be beneficial to all parties.

Please feel free to schedule an appointment with one of our insurance agents to review our credentials as an insurance agency and to review specific insurance product options aimed at meeting your specific needs.

Get the definition for umbrella insurance.

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  Insurance

Umbrella insurance refers to extra liability insurance. It can be added to homeowners, auto, rv and boat insurance policies. Its purpose is to help protect you from major lawsuits and claims and in turn protect your assets and future.
Ask our insurance agents whether umbrella insurance would be a good addition to your insurance plans.

Should I change insurance companies?

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  Insurance

It is a good practice to review your insurance plans at least once a year, ideally a few months before an annual renewal. Asking whether a change of insurance companies or whether your current company can offer you a better rate by giving you discounts for a good driver or low loss history or for bundling products such as adding automobile insurance to an account with a homeowners plan can help lead to savings.
We are constantly bombarded with advertisements that recommend review of pricing of insurance plans. However, we recommend that the review go deeper. This review should consider specific coverage details and discounts. It should also consider whether you are eligible for benefits under an affinity program such as a program available only to persons currently serving in the military or veterans or to retired persons.
In addition to an annual review it is important to review coverage whenever you or your family undergoes change such as an adoption, birth of a new child, marriage of a grown child, loss of a family member, divorce, etc. Sometimes specific circumstances warrant an increase in coverage and other times a reduction is advisable.

What is an Insurance Premium Versus a Deductible?

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  Insurance

An insurance premium is the dollar amount you need to pay for an insurance policy. It is usually described as an annual insurance premium but can be broken into monthly installment fees with an added monthly service fee.
A deductible is the amount you will have to pay on a claim before the insurance company pays out. For example, if you get in an automobile accident and the cost to repair the vehicle is $750 and you have a $250 deductible, you will pay the first $250 and the insurance company will pay the remaining $500.
The higher the deductible is, the lower the annual premium will be and vice versa.

Click Quote to complete our online insurance premium quote request form.