Anyone who reads Auto Owners Insurance review tries to know more deeply about this company. One of them is the Auto Owners Insurance rating. Why rating should become a consideration before a driver decides his/her choice on this company?
This article will try its best to give brief information about rating, its importance and how Auto Owners can gain its rating. The information will be a sort of review but emphasizes on company rating.
Who Gives Company Rating ?
You can say that Auto Owners Insurance is a good company, but how can you say it is good. In this kind of situation, you have to use company rating and there must someone who issues the ratings.
This article takes three reviewers that give rating to Auto Owners. There are Best Insurance Reports, Best Rating and Weiss. Generally, Auto Owners get good rating from those three.
Best Insurance Reports give A++ for this company that is same as Best Rating that gives AM Best A++ or Superior. Weiss, on the other hand, rates A or Excellent to Auto Owners, the best rating that a company can have.
Overall, Auto Owners Insurance rating is marketable. If you do take rating into your consideration, this company shall become your first place to ask for insurance quotes for your comparison.
What Does Company Rating Means ?
We cannot say specifically how insurance rating means to. The reviewers have a lot of measurements that are used to assess Auto Owners.
Each reviewer typically has different measurement. However, seeing that the last rating is almost the same, at least you can conclude that Auto Owners Company is quite recommended to purchase.
The assessments may be based on several factors. One of the main factors is the experience. The accumulated assets that this company currently owns may also affect the Auto Owners Insurance rating in the end. The process of filing a claims and customer service will also be assessed as well.
Here are the Facts
It has been previously mentioned that Auto Owners seem to gain the best rating. The possible explanation has been this company has a long experience in giving auto insurance services.
Tracing back to the history, Auto Owners was founded in 1916. With a century, this company has passed through fluctuating economic state in the US. However, it stands still and keeps growing until today.
Auto Owners insurance rating is also affected by the customer satisfaction and this company seems to have gained the best award in terms of customer’s satisfaction.
JD Power and Associates gave award to Auto Owners as the “Highest in Customer Satisfaction with the Auto Insurance Claims Experience” between 2008 and 2010.
Not to mention, Auto Owners is also included into top 50 insurance companies that have outstanding financial results from Ward Financial Group. It stands to reasons Auto Owners Insurance rating is included into the best one.
For your information, for the time being, the combined assets of this company reach up to $18.2 billion and seemingly keep increasing.
Well, despite the all pros that have been previously delivered, it does not mean that Auto Owners does not have some cons. When you read customer reviews, some people say it is good company but some other condemns their bad services.
It is something normal for a growing company. More negative comments seem to primarily appear than positive ones.
If you are about to purchase your car insurance, you need to be see those comments objectively. Despite all comments, Auto Owners has a lot of positive reviews.
People who say the cons are typically those who are not satisfied for the increasing price from year to year. In fact, this normally happens in all states.
The Auto Owners Insurance is the proof why it is worth to consider this company. However, in the end, it becomes your ultimate decision to choose.