We here at TTAI regularly touch on the importance of shopping your insurance to ensure you receive a good deal.
At the same time, we point out the potential downside to insurer loyalty…especially when your decision to be loyal is based solely on a television advertising campaign.
If you watch television, you’ve certainly heard about State Farm insuring more people than Geico and Progressive combined.
But the fact of the matter is that there are thousands of car insurance companies operating in America today, many of which are financially stable, responsive, and perfectly acceptable choices for consumers.
The largest car insurers, who also happen to be the biggest advertisers, consistently rank lowest in customer service and satisfaction.
While captive agents from the likes of Farmers and State Farm may be nice and helpful folks from your home town, they’re only salespeople.
At the end of the day, they can’t do a thing for you when that single minor insurance claim results in your policy being non-renewed…other than refer you to an independent agent who will likely place you with an insurer who will charge you less than what you were paying with them.
We don’t expect to make you a better insurance consumer by providing a list of car insurance companies; we simply want to demonstrate how many there are out there.
And it’s worth pointing out this list is not exhaustive by any stretch, though it does include the top-rated car insurance companies.
Names of Car Insurance Companies
American Agents Insurance Company
American International Group, Inc. (AIG)
American Medical Security
Automobile Club Group (ACG)
Automobile Club of Southern California (ACSC)
California State Automobile Association (CSAA)
Charter Insurance Companies
Cornerstone National Insurance Company
Dairyland Insurance (Viking)
Far West Insurance Company
Farmers Insurance Group
Farmer’s Mutual Insurance Company
GAINSCO Insurance Company
Hallmark Insurance Company
Hanover Insurance Company
Hartford Insurance Company
Imperial Fire & Casualty
Lincoln National Corp.
New Jersey Manufacturers Insurance Co.
State Auto Insurance
State Farm Insurance
United Fire Group
White Mountain Insurance Company
Next time you contemplate purchasing car insurance from a company you haven’t heard of (because the company doesn’t spend your premium dollars on television advertising), ask yourself the following question:
“Is the company nationally known?” If the answer is “no,” ask yourself if it’s still a great company. If the answer is “yes,” you’re probably getting a better deal.