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Posted: 6:00 a.m. Wednesday, May 21, 2014

Best Auto Insurance Companies

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By Clark Howard

ClarkHoward.com


Thinking about shopping your auto insurance? A new Consumer Reports tally reveals the best auto insurance companies.

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.

According to Consumer Reports, the top 2 insurers are Amica Insurance and USAA Property & Casualty, two of my longtime favorites. Just a hair behind them is New Jersey Manufacturers Insurance Company, a company that's never much been on my radar. And in the No. 4 spot, you have Auto-Owners Insurance.

On the flipside, among the lowest rated auto insurers in the country are Allstate Insurance and Farmers Insurance. Just a hair above them you'll find Travelers, Metlife Auto & Home, and Liberty Mutual, 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.

Meanwhile, Barron's says that Allstate is determined to raise premiums on all its insurance. Just on homeowner's alone, it has pushed premiums up 40%. So if you get hit with this increase, go shop the market and see if you can get a better deal by bundling home and auto with a highly ranked insurer. 

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