There are a few ways to look at it when considering value of premiums. The key one should be the likelihood of being looked after well in case you have a traffic accident and face some losses. However, Do motorists consider how satisfied policyholders of a particular automobile insurer are in terms of claim settlements before choosing it? Let’s have a look at the figures and see how people decide.
Actually, there is such data freely and readily available for motorists to have a look at. A recent auto insurance claim satisfaction survey report by J.D. Power offers considerable insight into the subject. One of the important findings is that companies do try to improve the most important aspect of their services. Regardless of what customers think when they are buying coverage they like to do their best in settling cases as fast and efficient as they can. Also, the survey suggests that motorists who were happy with the way claims were handled are likely to recommend the car insurance carrier they are with as well as renewing with them. This is not a surprising finding after all.
The real question is that how influential are these figures? Should motorists be going out of their ways to find a company that is known to be generous in that area? Have you ever even thought about checking how well the current auto insurer is doing in terms of handling cases? The problem with most people is that they are very trusting in nature. They don’t suspect anything unless there is a noticeable foul smell surrounding it.
There are 26 names on that list and the worst one scored 818/1000. This goes to show that we have a healthy vehicle insurance market with good players. In other words, plenty choices are available to us. You would take over 80% satisfactions in any day of the year. Remember that some people are impossible to please and they would be dragging the scores down as well. Also, the difference is only about 7% between the company scoring the top mark and the worst in this survey. This is not worth splitting hairs as far as it goes.
To touch another matter, it is unlikely that many brokers and agents are doing a good job. It is doubtful that they check how each handles customers when they need to pay up and report back while they make a recommendation. However, many people trust their expertise and rely on them.
Another question is that can a more expensive policy be sold on the bases that the provider is solid in compensating customer losses? If that were the case, you would worry about the person who bought it for that reason. Does he/she expects to put in one any time soon that he is checking who will pay better? In the same token, have you ever heard them advertising to be the best payer in the market at all?
The point we are trying to make here is that there is plenty useful information readily available online and we should make use of them. Also there are useful tools like fast quote platforms. You can quickly check what is on offer right here.