Are you looking for the top car insurance companies for Washington? You’ve come to the right spot. There are, of course, some qualifiers. One is how you define a car insurance company as top. Another is which car insurance companies have the highest reported customer satisfaction. We’ll use several sources to arrive at the top car insurance companies for Washington.
Washington Department of Insurance – The first place to go to be well informed about your car insurance is the state department of insurance. Here you’ll find useful resources such as information on Washington’s mandatory auto insurance law, how insurance companies determine rates, understanding a total loss, and a consumer’s guide to buying auto insurance and more. When you’re trying to determine the top car insurance companies for Washington, check out the link to compare rates against companies and select private passenger auto insurance company complaints. Of 117 companies listed for 2009, the biggest auto insurer in terms of market share is State Farm with a 14 percent market share, 149 complaints, a complaint ratio of 0.00029, and written premiums of more than $517 million. Farmers Insurance Company of Wshington has nearly 10 percent of the market, 191 complaints, an 0.00054 complaint ratio and nearly $353 million in premiums written. Next is Safeco Insurance Company of Illinois with 6 percent market share, 73 complaints, a complaint ratio of 0.00033 and written premiums exceeding $224 million. USAA, only available to military personnel, has 3.17 percent market share, 42 complaints, a complaint ratio of 0.00036 and nearly $117 million in written premiums. Allstate is listed under several affiliated names, including Allstate Fire and Casualty Insurance Company, Allstate Property and Casualty Insurance Company, Allstate Insurance Company and Allstate Indemnity Company. Together, they account for $363 million in written premiums and 9.82 percent market share and a total of 145 complaints (with very low complaint ratios for each) – certainly a big player in the Washington car insurance field.
J.D. Power and Associates – You also want to know which top car insurance companies for Washington 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 Washington (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.
Check with Ratings Agencies – The top car insurance companies for Washington, just like the top insurers in other states, will have strong financial ratings. One way to determine an auto insurance company’s financial strength is to check with ratings agencies with more detailed information about its ratings. Here are several ratings agencies to check:
- A.M. Best — Provides free ratings for up to three companies per call at (908) 439-2200 ext. 5742. Unlimited ratings can be accessed via their web address at http://www3.ambest.com/ratings/default.asp.
- Fitch — Provides free financial strength ratings for up to five companies per call at (800) 893-4824. Ratings are also available via their website at http://www.fitchratings.com.
- Moody’s — Provides free ratings for up to five companies per call at (212) 553-0377. Unlimited ratings can be accessed via their web address at http://www.moodys.com.
- Standard & Poor’s — Provides free ratings for up to five companies per call at (212) 438-2400. Requests can also be sent by email to: firstname.lastname@example.org.
- TheStreet.com Ratings — Provides all of their ratings for free on their website at http://www.theStreet.com. Reach them at (800) 289-9222.
For more tips on car insurance, visit our section on car insurance where you can get additional tips and insurance quotes.