If you look at insurance news trade articles, you will discover something phenomenal. Technology start-ups are reshaping how insurance companies interact with customers, offering amazing new products and personalized policies.
How do you shop for insurance now? Here are three tips to help you pick the right insurance company.
What’s It Rated?
Not all insurance companies are created equal. Pick one that is financially secure. You can get a good indication of this by seeing how industry ratings agencies, like Moodys and A.M. Best, grade the company. Pick one with a top rating.
How Big is It?
Start-ups are exciting, but they are also small. This makes them a little less financially secure, and more prone to acquisition. Big insurance companies are more financially sound, but more likely to offer older products and policies. Make sure you get a good sense of the company to see if its size fits your financial personality.
Find Out What Others Say
Finally, check online for customer reviews to see what others think about the company. Also, check the Better Business Bureau or similar consumer groups that inform others about customer complaints.
Follow these three tips, and you will be well on your way to finding the right insurance agency. One you know will wind up in the insurance news section for good reasons.