How to Choose a Top Rated Insurance Company


We have been told that in order to save money on insurance premiums, we must do comparison-shopping before signing the dotted line. Aside from that, choosing the right company to do business with is as crucial as the policy itself. Making a wrong decision at this early stage could become an expensive mistake later on.

So, how do you choose the right company? The selection process is time consuming and confusing if you don’t know what you’re looking for. On the other hand, doing simple research solves this dilemma and you’ll be able to pinpoint which one is the right one for you. In order to come up with a probable list of top rated insurance companies, here are a couple of things you might want to consider checking around.

Ask your friends or relatives about their individual insurance companies. This information can be a gold mine as it saves your time spent on research.  If they are happy with their current insurers, they probably won’t hesitate recommending them to you. It is very unlikely for these people to lie to you, which means you get untarnished reviews. Then again, if they are unsatisfied, they are probably seeking future companies to deal with the same as you do.

Aside from your friends and relatives, you can also ask the people who work in the insurance field such as insurance agents and brokers. These people are highly knowledgeable and know the nitty-gritty of the industry. Keep in mind that most agents would only recommend products that they’re selling. But they know what they’re talking about, the information you get here is much more substantial than the ones you get from your colleagues.

People these days, happy or not, post reviews on the Internet. This type of information provides a new horizon to help you decide which company will make it to your list. Some review websites make thorough reviews and provide general market impressions for a particular company.

Otherwise known as consumer watchdogs, these groups spend time scrutinizing industry players and providing useful information to the general public. And, since they work independently, expect unstained reviews regarding the company’s payment performance, financial status and customer service.

You can find all these valuable information easily on the Internet. They take in any form from people’s personal experiences, testimonials, blog posts, etc. People jumping from one insurance company to the other usually leave negative reviews, though some negative reviews are created to destroy the healthy competition among insurers. Thus, don’t trust everything you read on the Internet whether it’s a positive or negative outlook. All the same, top rated insurance companies usually have fewer unfavorable comments from their clients.

Keep your list short; three or four highly qualified companies should suffice. The first two are your top choices while the remaining two will serve as your buffer in case the first two choices don’t work out for you. Contact the company directly and discuss any personal preferences that you may have in mind. You can obtain additional information by talking to a live person. By now, you should be able to make an informed decision based on the gathered data.