By Theo Thimou, clarkhoward.com
Thinking about shopping your auto insurance? A huge percent of people never shop their insurance needs — and that’s a bad idea considering that modern American business punishes loyalty, rather than rewarding it.
Car insurance ads on TV promise accident forgiveness, vanishing deductibles, and other selling points. But those features are just a side show to the main act, which is a company’s reputation with satisfying customers after a claim is made.
Best and worst auto insurers
According to Consumer Reports, the top 2 insurers are USAA Property & Casualty and Amica Insurance, two of Clark’s longtime favorites. Just a hair behind them is New Jersey Manufacturers Insurance Company, a company that’s never much been on Clark’s radar.
Firmly in the middle of the pack you have insurers like State Farm, Mercury, Geico, American Family and others.
On the flipside, among the lowest rated auto insurers in the country are Farmers Insurance and Hanover Insurance. Just a hair above them you’ll find Allstate, Metlife Auto & Home, Liberty Mutual and Travelers, among others.
When it comes to car insurance, be sure the deductible you have isn’t too low. Having a low deductible pushes premiums higher. It could also tempt you to make a claim for a small incident that will leave you in trouble with insurers going forward.