Looking for the top car insurance companies for New York? You’ve come to the right spot. While there are many different companies offering auto insurance in the state of New York, there are some that are ranked higher than others. How do you figure out which ones are the top insurers? We’ll use several different sources to help you determine the top car insurance companies for New York.
New York State Insurance Department — One way to find the top 3 car insurance companies for New York is to check for the lowest percentage and number of complaints through the state’s department of insurance. It’s easy to see that, for 2009 exposure, as indicated in the 2009 Annual Ranking of Automobile Insurance Complaints, the number one auto insurance company in the state was Adirondack Insurance Group with 0.00 complaint ratio. Number two is Amica Mutual Group (Amica Mutual Insurance), and number three is Main Street America Group (Main Street American Assurance Company, MGM Insurance Company). Insurers with the fewest number of complaints rank at the top of the list, while those with the most complaints rank at the bottom. In terms of volume insurers (millions in premiums written), big players include 14th-ranked Progressive Insurance Group (0.05 complaint ratio), and 29th-ranked Allstate Insurance Group (0.11 complaint ratio).
J.D. Power and Associates – Consumers may also want to know which top 3 car insurance companies for New York had the highest overall customer satisfaction. The annual J.D. Power and Associates 2010 U.S. National Auto Insurance Study provides a good look at the best-rated car insurers across five factors: interaction, policy offerings, billing and payment, price, and claims. Checking their list, the top car insurance companies for New York (doing business in the state, although they may be headquartered elsewhere) are Amica Mutual, State Farm, and Geico. Amica Mutual is the JDPA award winner, and State Farm and Geico each have a four-circle JDPA rating.
A.M. Best Company – Check out an auto insurance company’s financial strength through the A.M. Best Company ratings. Using financial strength as a barometer, the following companies rate high as top car insurance companies for New York:
- Allstate Insurance Group – A+ (Superior)
- Amica Mutual – A++ (Superior)
- Geico – A++ (Superior)
- Progressive Insurance Group – A+ (Superior)
- State Farm – A++ (Superior)
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