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A: Choosing an auto insurance company can be very difficult, particularly since they all offer the 'lowest premiums'. There are some shady providers of car insurance and it can be very difficult to be certain that you are purchasing from a reputable establishment.
Fortunately there are a number of ways to evaluate an auto insurance company. The most common things that you should look for are:
- Strong financial condition. Check the JD Powers and Gomez rankings: they've done a bit of research already to evaluate the financial strength of the largest insurers. Additionally, Standard and Poors publishes reports on the financial health of insurers.
- Long business history. Insurance companies that have been in business a long time have had to prove that they are financially viable and not based purely on scams.
- A company that your friends, family and neighbors are satisfied with. Ask around to learn about the good and bad experiences that people have had with their insurance companies. You'll often learn of a few companies to avoid.
As always, make certain that the people you are doing business with are customer service oriented. If they don't answer your questions about the policy, or are unclear on anything you probably don't want to be doing business with them.
Take a look at our reviews of major auto insurance companies. We do not have any relationship with the auto insurance companies that we review, so you can trust that our comments are unbiased.
Continue to read on to learn about some of the common scams that you may run into.
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