Best auto insurance companies and auto insurance options.
Before you insure the car, many motorists look rating insurance companies which provide insurance services. This allows you to choose the best insurer. After all, the developers of ratings are guided not only by the financial performance of companies but also by the reviews of real customers. It also takes into account the ratio of payments and refusals, the average amount of compensation. This is important because according to the Central Bank, last year about 2.7 million people applied for compensation for insurance policies. However, 3.4% of applications were refused.
To assess the activities of companies that are engaged in insurance, several criteria are taken. This comprehensive approach allows for creating the most objective rating.
- The reliability of the company
- Amount of share capital
- Feedback and evaluation of the insurer’s activities by real clients
- The amount of insurance payments
There are several agencies that make up their lists of the most reliable companies.
NRA (National rating Agency) evaluates the work of only those companies that provide access to the necessary information.
RA expert evaluates:
- The volume of the insurance firms
- Capital value
- The ratio of positive/negative decisions on payments
Reliable companies are usually assigned the “A++” metric. They have a stable outlook. It is likely that the situation will not change in the years to come.
National rating of insurance companies
People’s insurance rating is based on customer feedback and voting through social networks. Thus, all companies included in this rating are already worthy of the attention of users, and the first in the list are recommended for cooperation.
- Renaissance Insurance
- Liberty Mutual
- State Farm
Periodicals on automotive topics, statistical companies sometimes create their own people’s ratings. They are based on the reviews of car owners.
In the car insurance market, such organizations constantly appear and disappear; the matter is associated with the deprivation of licenses, bankruptcy, exclusion from the system and other negative factors.
Rating agencies form a list of reliable and unfavorable insurers, based on the results of recent years, according to certain criteria, which will be considered further.