What to Look for in the Best Local Insurance Companies
Photo by Ricardo Resende
Everybody needs insurance for one area of their life or another. And to buyers, this truth is never more evident than after catastrophe or disaster strikes. Protect yourself before an unfortunate accident or loss takes place by getting insured ahead of time.
Knowing that you need insurance is the easy part, but choosing among many local insurance companies can be a little more difficult. You want to pick the insurance company that can offer everything you need in the way of coverage while sticking to your budget. You want to choose someone you can trust.
Here are some tips to keep in mind when narrowing down your choices:
All local insurance companies are rated on their customer service, their financial strength, and the services they can offer their clients. Before you move forward with any insurance company, take some time to see how they’re rated.
One of the most trusted resources for checking ratings is J.D. Power. You can visit their website and look up the insurance company in question before you buy any kind of policy.
Compare various companies in your area to see which offer the type of policy you’re searching for, whether it’s health, homeowners, life, or auto insurance, and how highly each is rated.
Seek Local Insurance Companies With Good Customer Service
You probably have many local insurance companies to choose from but to pick the best of the best, you want to look for an insurance company that can offer quality customer service. Even if most of their business is conducted via their website, you should still feel confident that you can pick up the phone when needed and speak to a helpful human being to assist you.
It’s also helpful if the insurance company has a chat feature on their website or an interactive customer service portal. This helps them better serve you, even after normal business hours.
Depending on your insurance needs, you might want to look at local insurance companies that also have a physical, brick-and-mortar building in your area. Try searching for “state farm agent near me” and you’ll likely find many local insurance companies nearby.
Look for Mostly Good Reviews
When you’re trying to narrow down your choices between insurance companies, one of the best things to do is read reviews by actual customers. If you can find reviews through an unbiased rating website, you’ll likely get a general idea of the good and bad experiences that other clients have had.
Read all the available reviews you can find of the company online, especially those that go into detail about the customer service. You can also ask any neighbors, family members, or friends about the customer service they might have received from the company in question.
Keep in mind that almost no business is going to have perfect reviews across the board. There’s no need to disqualify an insurance company for a couple of bad reviews. However, an insurance company with many bad reviews, or mostly bad reviews, should be avoided.
Seek Affordable Premiums
Another thing to look for when choosing an insurance company is one that can offer you affordable premiums. Of course, you want a quality insurance policy, but you shouldn’t have to overpay for it.
To help you ensure that you’re getting a good price for your policy, you can shop around online with many different insurance companies.
Some insurance companies will even allow you to compare their prices with their competitors directly from their site. Doing this helps you avoid the hassle of filling out several applications with many different companies.
Discounts for Multiple Policies
If you’re looking to buy more than one type of insurance, it’s in your best interest to look for an insurance company that offers a multi-policy discount.
When you bundle your homeowner’s insurance, auto insurance, and other forms of insurance together with one insurer, chances are you can get a good discount. If the company you’re considering doesn’t offer a multi-policy discount, you might want to look elsewhere for one that does.
Just be sure that you actually need the extra policies before you buy a bundle.
Convenience in Dealing With Them
Most insurance companies make it possible for you to buy insurance online. This is a convenient benefit that policyholders enjoy. But what other conveniences will make your life easier?
Other conveniences might include online bill pay, monthly statements sent by email, chat features, and more. You might come across the friendliest insurance agent in town. He or she might have the best premiums in the area. But, if they’re hard to reach outside of business hours or they take days to return your messages, you might find that you require more convenience for your busy life.
Ultimately, you determine as the customer what you most need and then set out finding an insurance provider that can give it to you.
Discover Other Useful Financial Insight
You’ve learned some of the tips for choosing the best among your local insurance companies, now take a moment to go through some of our many other helpful articles on finance and fiscal responsibility.
Whether you’re looking for help managing your finances, learning more about debt management, or seeking insurance for any area of your life, we have the resources you need.
Be sure to check back frequently as we add new content regularly. We hope that our resources will help you live a more financially secure life for years to come.