Compare the Top 10 Illinois Car Insurance Companies
When shopping for insurance in Illinois, it is always good to know what companies are the best at handling car insurance.
Here are the Top 10 Illinois Car Insurance Companies. The ratings of the top 10 are for financial strength and low complaints.
The Allstate Corporation is the nation’s largest publicly held personal lines insurer. A Fortune 100 company, with $157.5 billion in assets, Allstate sells 13 major lines of insurance, including auto, property, life and commercial. Allstate also offers retirement and investment products and banking services. Allstate was founded in 1931 and became a publicly traded company in 1993.
Their financial rating with A.M best is A+. With a big company like Allstate we could expect a high complaint percentage, but that is not the case. They are under the 3% mark for complaints. They offer standards discounts that even rate 9 out of 10. Signing up has never been easier with three way, Internet, phone or office visit.
Pros: Low complaints and easy sign up.
Cons: Nothing worth mentioning.
2. Metropolitan (MetLife)
The origins of Metropolitan Life Insurance Company (MetLife) go back to 1863, when a group of New York City businessmen raised $100,000 to found the National Union Life and Limb Insurance Company.
Their financial rating with A.M Best is A. When you decide to hire Snoopy as you mascot you know thing are going good. They consistently show their dedication to providing full family services such as, auto, life, health and many other services which focus on providing financial needs for families. With such a large company, the complaints stay at a very minimum. This is always a good sign. One thing that is intriguing is that there are no standard discounts offered. Of course signing up is easy with tha Internet, phone or agent office visit.
Pros: Easy sign up, virtually no complaints and good rating.
Cons: Doesn’t offer standard discounts.
3. Metriplan Insurance Company
It is a smaller insurance company that does well to service the individual driver.
With an A.M Best rating of A, Metriplan is on the good road. The only problem is in this world having a website is pretty much a must have, something which they don’t. With virtually no complaints on claim settlements, they kind of shoot themselves in the foot by not offering a standard discount. The only way to sign up is to visit an agent’s office.
Pros: No complaints on policy payouts.
Con: No website. You must call to sign up and no standard discounts.
4. Rebuplic Lloyds
In 1903, brothers Ike and George Jalonick took on the gargantuan task of organizing a new Texas-owned fire insurance company after others had tried and failed. The brothers formed new stock companies in Dallas, Texas that would later become the companies now known as The Republic Group.
With an A.M. Best rating of A- Republic Lloyds knows what they are doing. They have been around for so long that you would think their claims settlement must have some negatives, but it is actually the contrary. Claims settlements seem to be pretty fair. Of course they have their glitches but they have very few complaints. Again though, the do not offer any standard discounts no matter how long you’ve been with them. Internet, phone and agent office visit are the ways they have to sign up.
Pros: Customer service seems to be the best around.
Cons: Policy holders expect perfection.
Unitrin is one of the nation’s leading financial services providers. The Unitrin family of companies specializes in property and casualty insurance, life and health insurance, and consumer finance for individuals, families, and small businesses. A $3 billion financial services company that has more than 6 million policies in force and $2.5 billion in annual premium revenues. A proud family of companies, employing 8,200 associates and with over $9 billion in assets. They have more than 110,000 consumer finance customers accounting for $1 billion in consumer finance receivables.
With an A.M. Best rating of A, Unitrin is a relatively unknown company that offers great insurance services through independent agents or directly through them. The claim settlement payouts seem to be one of the best as no customers have gotten a raw deal. For a change now, Unitrin offers a variety of standard discounts to its customers. Of course there are easy ways to sign up: phone, Internet or by visiting an agents office.
Pros: Easy sign up. Offers lots of standard discounts.
Con: The price doesn’t always match the customer service.
6. Amica Car Insurance Company
In 1907, a Rhode Island businessman named A.T. Vigneron anticipated that horseless carriages were going to revolutionize American society. With a century of business know-how to their name, Amica is the oldest mutual insurer of automobiles in the country. They also offer homeowners, marine, personal excess liability, and life insurance products. Their employees are the key to providing exceptional, award-winning service to their loyal policyholders, and that’s no joke.
With an A.M. best rating of A+ +, Amica has surely found the way that every insurance company should follow. With claim settlements being paid out without very little complaints and a bunch of standard discounts offered, Amica is showing others what should be done. Customer service is another department where they are way ahead of the competition. This is the company you want to deal with if you want excellent service.
Pros: Amica is rated number one for its customer friendly ways. Leading it to be the best in the insurance business.
Con: There is no agent office. Sign ups are only by phone or Internet.
7. State Farm
State Farm was founded in 1922 by retired farmer and insurance salesman George Jacob "G.J." Mecherle. His motivation for starting State Farm was simple. It was about fairness and doing the right thing for the customer.
With an A.M. Best rating of A + +, State farm cannot go wrong. They are dedicated to serve their policy holders the best they can and give the best rates possible. Claim settlements complaints are near non-existence, but a little higher than the others. They also offer a variety of standard discounts and many more. You can either sign up by using the phone, Internet or drop by an agent’s office.
Pros: They have full service in every type of insurance. They offer many discounts, and not just standard ones.
Cons: Such quality comes at a price.
It was the Goodwins who in the mid-1930's, while the Great Depression was still in full fury, took a calculated risk to start up what has become one of the most successful and highly respected companies in the nation, the Government Employees Insurance Company.
With an A.M. Best rating of A + +, Geico has been knowing what to do ever since its beginings in the 1930’s. Their claim settlements are to be looked at. Every insurance company could learn a thing or two. They offer standard discounts that should make others jelous. Because of their direct sales model, Geico constently offers the lowest rates for all drivers. Since there are no agents, the way to sign up is either by phone or Internet.
Pros: Lowest prices in the industry, very few complaints and signing up has never been easier.
Cons: Their direct sales model means that you probably wont be able to sit down and talk to an agent. You may have to settle for the Internet or phone.
In 1923, insurance executive Hawthorne K. Dent startled the established business community with a radical approach to insurance. Defying convention, he organized a company to combine the financial stability and responsibility of an investor-owned stock company with the preferred-risk underwriting and lower prices of a mutual or policy-owned company. He further violated the conventional wisdom of his day by basing the company in Seattle, far from the recognized insurance centers of the metropolitan Northeast.
With an A.M. Best rating of A, Safeco compares easily to others in this list. Their settlement compliant % is fairly small compared to others. They also offer a variety of standard discounts to their policy holders. Again if you want to sign up, the phone, Internet or a visit to the local agent’s office is the best way of doing it.
Pros: The sign up is easy. If you want other policies than car insurance, they make it pretty easy to do so.
Cons: Pricing may be a bit high.
10. Nationwide Mutual Insurance
The last 80 years Nationwide has gone from a small auto insurer for Ohio farmers, to one of the largest insurance and financial services companies in the world with more than $157 billion in statutory assets.
With an A.M. Best rating of A+, Nationwide Mutual seems to have helped many policy holders over the years. The claim settlement complaints are pretty high though. Many people have had trouble getting their due. The offer some variety of standard discounts, but they hardly compare to the best. At least signing up is pretty easy. Phone, internet or an agents office are what they are offering.
Pros: Offers tons of financial services. Offers good standard discounts. Also good for business owners.
Cons: This may not bother some, but they have an average complaint level for unpaid claims.
This top 10 was presented to you as a way of comparing the best car insurance companies in Illinois. Many companies will differ in their products, so make sure to shop around before choosing your insurance company.
Start comparing Illinois auto insurance quotes for free now!