Q&A Topics

Tuesday, August 06, 2013 6:29:27 PM

How can I know if I'm getting insurance quotes from a reputable company?

No matter if you're getting insurance quotes for your car, home, life, health, or business, the company you choose is an important decision. There are many factors to consider, such as a company's financial stability, customer service, complaint history, product offering, discounts, and rates.

Agencies, such as A.M. Best and Standard & Poor's, publish quality ratings that can help you investigate different insurance companies. J.D. Power and Associates gathers information about insurance companies based on factors like claims satsifaction, cost, and coverage options. The insurance commissioner for the state where you live is another resource to check.

You also want to work with an experienced agent or company representative who can help you get the right amount of insurance and guide you through the claims process. Interview each advisor about how they work to determine the coverage types and amounts that are right for you. 

No two insurance companies are the same, so a good rule of thumb is to compare serveral. Once you've purchased insurance, pay attention to the service and rates you receive. If you're not happy with the policy for any reason, it's time to shop for a new insurance company. 

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Our Insurance Expert

Laura Adams is a personal finance expert, award-winning author, and consumer advocate. As Senior Insurance Analyst, she represents insuranceQuotes in the media and works to make sure consumers protect their financial futures by having the right kinds of insurance.

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