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How to Choose an Insurance Company

One of our former clients asked that we write about how to choose an insurance company. All of us at one point or another need to deal with this problem, yet most have little information upon which to make an intelligent decision. Below are some general guidelines which have been taken from the new consumer guide (PDF) we have recently posted on our website. Feel free to contact our office if you would like us to mail you a copy.

7 Steps To Buying A Car Insurance Policy

  1. Determine how much and what coverage you really need — liability, medical pay, uninsured motorist, collision, towing, car rental.
  2. Review your driving record — you can get a copy by writing to the Department of Motor Vehicles.
  3. Solicit comparative bids through the internet or by phone — keep track of the information you obtain.
  4. Ask for any discounts you may qualify for — good driver, multi-policy, safety equipment, limited mileage, good student or away-at-college discounts, etc.
  5. Choose the right insurance company. There are several internet sources to compare companies — http://www.jdpower.com/ or the State Division of Insurance http://www.dora.state.co.us/insurance/. You should keep in mind that the least expensive company may not provide the best service when you file a claim. The two highest rated companies according to J.D. Power & Associates are Amica and USAA.
  6. Review the policy before you sign.
  7. Cancel your old policy.

For more information about this process, call our office for your free consumer guide. You may also want to share this information with your family and friends.

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