In the future, I plan to insure a vehicle plus:
You have 3 decisions to make
Retirement Accounts Offered
What do we consider a specialty?
A policy is considered a specialty if it’s promoted by the company, efficiently serviced, and if that same source company is also the end provider.
How do we verify coverage?
We listen to insurance companies to discover what products they promote.
We research their websites and click products to reveal which coverages are outsourced to 3rd parties, and which are efficiently maintained.
What is a Full Set Provider (FSP)?
It’s an insurance company that promotes and specializes in all the major insurance policies a consumer may need as wealth grows.
The full set: primary vehicle, classic car, boat, motorcycle, RV, homeowner, landlord, renter, and small business insurance.
Isn't specialty insurance for odd coverages?
Yes. It often is.
However, for this review, a specialty is simply an insurance product a company specializes in.
If you are looking for specialty insurance for unusual products, then contact us and we’ll research policies tailored to your needs.
How to Choose
Step 1: Current need
Decide what type of coverage you need now.
Step 2: Narrow it down
Decide what coverage you'll need in the future.
Step 3: Buy car insurance first
Find two insurance companies that fit your current and future needs, and choose the one that stands out. Insure your car first, then add other policies as needed.
Use the specialty icons from our list to narrow down which companies excel for your required coverages.
2020 Top Car Insurance Companies
Review Factors: Cost | Reliability | Coverage | Claims | Specialties
Rather than focusing on the 1,2,3 list of the top insurance companies, let's narrow down to the best company depending on your current needs.
1. Best Online Interface: GEICO
Do you need reliable coverage at low cost with online convenience?
GEICO ranks high for ease of use, cost, reliability, online service, and app functionality. A great choice if you need insurance now and don't have time to shop around.
2. Best Agent Relationship: Farmers
Do you need a dedicated agent to handle your policy?
Farmers is a Full Set Provider (FSP) with coverages that grow with your assets. Instead of guessing what coverage you need, consult with your personal Farmers agent, and let him or her handle the details.
3. Best for Military: USAA
Are you, or an immediate family member, in the military?
USAA is a members-only organization for military families with a longstanding reputation as the best all-around insurance provider. USAA also offers banking and retirement planning. If eligible to join, USAA is an easy #1 choice.
4. Best for Retirement Planning: Amica
Do you need extra retirement accounts?
Amica has surprise benefits, like free windshield repair, and strives to go beyond policyholder expectations. This philosophy spills over into superior investment and retirement planning as an unexpected enhancement to your policy; including Annuities, Traditional IRA, and Roth accounts.
Not seeing your situation here?
Contact us, tell us your situation, and we'll conduct the research.
By the Numbers
Collision Claims: Down 58%
Insurance profits: Up 74%
Consumer rebates: Up 10%
Key points | Quarter 3, 2020
Stay-at-home orders reduced automotive commutes, which greatly reduced insurance collision payouts, and increased profits.
Most insurance companies are giving 10% cash-back rebates to maintain consumer loyalty through the pandemic.
GEICO jumped to the top of our list as the need for quick online car insurance spiked.