List of Car Insurance Companies - Major Brokers Underwriting Vehicles
by Stacy Fox
If you are looking for a list of car insurance companies and their salient points, this article will give you an idea of what's what on the market today.
First of all, Farmers Insurance is a major player in the insurance game. They were founded in 1927 and currently have $10 billion in assets. While the insurance industry as a whole took a major hit in the financial crisis of 2008, they survived and thrived. But, their customer service record is pretty spotty and they've been ranked last in a couple of major magazine's surveys. Farmers Insurance also owns 21st Century Insurance.
Next up is Allstate Insurance which is the largest publically held insurer in the U.S. Their revenues are almost $30 billion in 2009. Business Week magazine and CNN have both criticized Allstate for denying its policy holders legitimate benefits.
AIG Casualty - the American Insurance Group - was actually founded in Shanghai, China in 1919. They're now located in New York City and have revenues of almost $30 billion. AIG was hit badly in the 2008 financial crisis and has yet to recover its full strength. It was one of the companies that was helped by the government bailout. AIG is the principle sponsor of the Manchester United football team.
Next in our list of car insurance companies is Nationwide. Nationwide is a mutual insurance company founded in 1926. It has revenues of just over $25 billion per year. It started by offering auto insurance exclusively to Ohio farmers. Later, they offered services to farmers in bordering states. Only in 1934 did they offer services to the general public. Nationwide is seen as a very diverse company and supports many gay and African American causes.
A truly international entity, Liberty Mutual owns all or parts of insurance companies in countries around the world. But the largest part of their $30 billion revenues comes from insuring Americans. Liberty Mutual is also known for their Research Institute for Safety which runs field and laboratory research to make the workplace safer.
Focusing primarily on Car insurance, Progressive is seen as a leader in adapting technology to streamline the insurance process and cut down on overhead costs. They were the first to accept insurance sales over the phone and were also an early adapter in the web arena. Progressive has been embroiled in controversy over whether they directed their policy holders to make repairs at unlicensed shops.
No list of car insurance companies would be final without a word about GEICO whose Gecko has launched the company into a household word and been spoofed on t.v. shows like David Letterman. The company started by offering insurance solely to government employees but now sells to everyone. They are wholly owned by Berkshire Hathaway (which in turn is owned by Warren Buffet.)
While there are many other car insurance companies, these are representative of the major players and should be included on any list of car insurance companies.
For more information on Auto Insurance Companies, visit my site at http://autoliabilityinsurance.org
Sunday, November 29, 2009
Saturday, November 28, 2009
Car Insurance Free Online Quotes
Be Smart When You Get Your Car Insurance Free Online Quotes
by Stacy Fox
Car Insurance free online quotes abound on the internet. You have probably seen the myriad of calculators that allow you to get a quote instantly. But, the real question is how to use them successful in order to find the best rate for your situation.
There are two factors that are in play when you choose a policy. The first, of course, is the price that you are going to pay. But the other is the fine print. Most online calculators will give you a comparison of many companies' prices but it is not so easy to see just what each insurance coverage offers.
You are probably concerned about how complete your auto protection is. If so, you shouldn't be swept away by a low rate as these policies tend to come with the least amount of coverage. Don't find out when the damage is done that you don't have the coverage you need. You can get very different car insurance free online quotes from different sources.
Too many online calculators use four or five fields to determine your insurance rate. If you are looking for complete coverage, don't use these. Find a calculator that requires a significant amount of input about you and your cars.
If you are looking only at the bottom line, a simple calculator will do. You may want the lowest price insurance to meet the minimum standards for your state. Stay legal by finding cheap insurance online.
One caveat for cheap insurance: many such policies don't allow you to travel outside of your home state. So, when you buy minimum coverage, make sure you know just what you're getting.
Also, remember that if you get a cheap policy it likely will not cover uninsured motorist damage. It can take you years to get an uninsured motorist to pay - if he ever pays you at all. Cheap policies do not offer this coverage.
Simple calculators work for the cheapest coverage but those needing more comprehensive coverage should find a calculator that requires detailed information from you. Make sure you find the right car insurance free online quotes for your needs.
For more Car Insurance Free Online Quotes information, go to http://AutoLiabilityInsurance.org
by Stacy Fox
Car Insurance free online quotes abound on the internet. You have probably seen the myriad of calculators that allow you to get a quote instantly. But, the real question is how to use them successful in order to find the best rate for your situation.
There are two factors that are in play when you choose a policy. The first, of course, is the price that you are going to pay. But the other is the fine print. Most online calculators will give you a comparison of many companies' prices but it is not so easy to see just what each insurance coverage offers.
You are probably concerned about how complete your auto protection is. If so, you shouldn't be swept away by a low rate as these policies tend to come with the least amount of coverage. Don't find out when the damage is done that you don't have the coverage you need. You can get very different car insurance free online quotes from different sources.
Too many online calculators use four or five fields to determine your insurance rate. If you are looking for complete coverage, don't use these. Find a calculator that requires a significant amount of input about you and your cars.
If you are looking only at the bottom line, a simple calculator will do. You may want the lowest price insurance to meet the minimum standards for your state. Stay legal by finding cheap insurance online.
One caveat for cheap insurance: many such policies don't allow you to travel outside of your home state. So, when you buy minimum coverage, make sure you know just what you're getting.
Also, remember that if you get a cheap policy it likely will not cover uninsured motorist damage. It can take you years to get an uninsured motorist to pay - if he ever pays you at all. Cheap policies do not offer this coverage.
Simple calculators work for the cheapest coverage but those needing more comprehensive coverage should find a calculator that requires detailed information from you. Make sure you find the right car insurance free online quotes for your needs.
For more Car Insurance Free Online Quotes information, go to http://AutoLiabilityInsurance.org
Car Insurance Rates for Teenagers - Reduce the Risk and Reduce the Cost
by Stacy Fox
Car insurance rates for teenagers are the most expensive in the country. Many parents are shocked to find out how much their rates go up once they add a child to their policy.
There are two primary reasons that this is so. The first is that they are young and therefore seen as immature. The second is that they are, by the nature of just receiving the license, inexperienced.
Statistics show that the insurance companies are right to charge more for young drivers. There are more accidents by people in the 16 to 20 age group than in any other group. Thus, the higher premiums.
But parents and teens should know that there are ways to reduce the cost of car insurance rates for teenagers. If a student has a B grade point average (3.0), they can generally get a break on their policy.
If a teen drives an older car or one that is completely paid off, they will also get a break on their insurance policy. This is because if the car is totaled, the insurance company has less to pay out.
Finally, the parent should ask their insurance agent about increasing the deductable on the car the teen drives. This generally reduces the cost of the policy. The parent can pass the risk onto the child letting him or her know that if the car is totaled, they will have to make up the difference.
While car insurance rates for the under 20 set are always going to be higher than those for older, more experienced drivers, there are ways to reduce the costs. Most of these involve having the teenager be responsible in his or her driving and the other areas of their lives.
Keep in mind that if the teen is responsible, he or she will establish a good driving record over time. This, combined with the fact that he or she gets older, will eventually lead to lower rates. High insurance rates for teenagers don't last forever!
If you are looking for more Car Insurance Rates for Teenagers information, go to http://autoliabilityinsurance.org/
Car insurance rates for teenagers are the most expensive in the country. Many parents are shocked to find out how much their rates go up once they add a child to their policy.
There are two primary reasons that this is so. The first is that they are young and therefore seen as immature. The second is that they are, by the nature of just receiving the license, inexperienced.
Statistics show that the insurance companies are right to charge more for young drivers. There are more accidents by people in the 16 to 20 age group than in any other group. Thus, the higher premiums.
But parents and teens should know that there are ways to reduce the cost of car insurance rates for teenagers. If a student has a B grade point average (3.0), they can generally get a break on their policy.
If a teen drives an older car or one that is completely paid off, they will also get a break on their insurance policy. This is because if the car is totaled, the insurance company has less to pay out.
Finally, the parent should ask their insurance agent about increasing the deductable on the car the teen drives. This generally reduces the cost of the policy. The parent can pass the risk onto the child letting him or her know that if the car is totaled, they will have to make up the difference.
While car insurance rates for the under 20 set are always going to be higher than those for older, more experienced drivers, there are ways to reduce the costs. Most of these involve having the teenager be responsible in his or her driving and the other areas of their lives.
Keep in mind that if the teen is responsible, he or she will establish a good driving record over time. This, combined with the fact that he or she gets older, will eventually lead to lower rates. High insurance rates for teenagers don't last forever!
If you are looking for more Car Insurance Rates for Teenagers information, go to http://autoliabilityinsurance.org/
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