Top 5 insurance companies for stocks insurance companies

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 Today we're going to go through the top five insurance companies in the US. based off of three major players, we're going to use JD Power as the primary, we're going to use reviews.com, because they had 1000s, and 1000s, and hundreds of 1000s of reviews. And then we're also going to use a company called bank rate. Now, bankrate is a major player because they do a lot of financial stuff. And by doing that they do a lot of insurance as well. So we're going to use your data, you will be very shocked on how different these answers are between which companies were the best and which ones weren't.

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That just lead you to believe that you really got to get some advice from friends, family agents in your area, because once again, each area is different that you go into where Michigan may have Allstate as the best company this year, it might be the opposite in Florida, where they're the worst ones. So it really just depends on your location, your zone as they're calling it. It used to be zip code, but now its territory, so to speak. So let's dive right into it. Now the thing is, macura is kind of messed up today. I couldn't get the audio work. And I got like a chord. I got tons of gorgeous hanging out here.

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So bear with me. But I'm going to be looking to my left a lot because I actually decided to hook it up to my monitor. So now hopefully the audio is good. I got my auto here my monitor. Yeah. Okay, let's dive into it. The first thing I'm going to go through is and I'm gonna show you screenshots here is JD Power. So there's some stuff that they asterisks in here that most people don't see. And I'm going to go through the top couple companies with you specifically, and show you why they thought they were the best.

5. State Farm insurance 2021


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So number five is State Farm. They're the largest player in this entire industry of insurance, right through the US, they control the major portion of the market. If there was one company that standing on top of them all that's going to be State Farm, there's not really anything unique or specific about them. What they do is they pick large areas that they want to control in, they dropped the prices really, really low. So they pull in a lot of business, as you guys saw. But they had lost several billion dollars a few years back, that hurt him pretty bad. So they kind of stumbled and got back up. But they're still the largest guys, they're still going to be huge. They really have a huge control on the market. They have really good prices.

Their agents are what makes them more successful. They're huge with agents. They're only exclusive. So you're not going to find a State Farm agent selling Safeco, you're not going to find a State Farm agent selling triple A, where I work with safe code, triple A citizens, Michigan insurance, all those guys like I've got 17 companies that we work with. And I'm not trying to sell you guys on us or me, because that's not the point of this whole channel. But number five is State Farm. Great large company.

4. Geico quote insurance 2021


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Number four is Geico. Geico is its own animal. They're the online, the digital, the kind of the tech, huge commercials. There's not once again, not anything specific that sets them apart from everybody. It's just a large company has huge market rates, these guys do more commercials than anybody I've ever seen. And it stands for a government employee insurance company. And what that is, is it's changed. So it used to be only for government employees. And now it's kind of opened up to the public. It's been that way for several years and a long time. But that's just where they came from. Great company, large company, they're very hard to beat, especially in some areas, some of those higher risk areas like Florida, some of those near Miami areas, they tend to come in more competitive. So that's kind of like a go to place.

They're more of a standard company slash non standard or non preferred company where they'll take in a lot of different business. I am in Michigan, and they don't like to insure in Michigan. I've tried to do a quote for you guys. But long story short, they're kind of they're making it difficult, extremely difficult to get a quote, good company, large company, similar State Farm, they're more of an online presence, larger commercials, they advertise So naturally, they get a lot more business. Now this is mainly based on customer satisfaction. So they actually got rated really well, as far as satisfaction goes as well. So they're not just pulling people in the door. They are helping service them as well, when there's claims and things like that.

3. Erie insurance 2021

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Number three is Erie Insurance, your insurance, you just don't hear a lot about them. They're a lot like Geico. They're very, very similar to GEICO, big online presence, more digital, kind of like the younger groups that's really just their size of a business. I didn't really see anything specific also that sets them apart. So in this world car insurances car insurance, there's not a whole lot to depict when you're kind of getting into that industry where it's not really including the home as much. Yeah, sure Geico is going to be really good for you, your insurance is going to be good for you. And I say that not that they don't do home. It's just in some areas.

They just haven't touched that portion of it. They're good in the auto industry, but not as great in the home industry. I don't deal a lot with Erie Insurance. I almost never see them. I'm in Michigan, so it's almost rare that we see them at all. I don't even think there In Michigan, let me know in the comments below what state are you in? And if you're with Erie or Geico, do you have your home insurance with them? I'm very curious. If you do, if you do, maybe give us some details, let us know. Were they competitive, not competitive, have you been with them for 10 years, two years to kind of give us an idea of what what experience you guys have had with either Geico or Erie Insurance.

2. country financial insurance 2021


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Number two, and I put an asterisk next to this is because there are two other companies that were missing in this list. And I'll explain that here in just a moment. But this company is called country financial, I'm going to go in more depth with them here in just a moment. So if you want to learn why they're on top, then we're going to go through that.

And the number one company, which I'm also going to go through the reasons that they're so big and so great, rated, rated. And the reason that they're so highly rated is going to be a Mika insurance. I think it's America, or avoca. I've never really heard anyone say it, but I've heard of them. They're a very small company to me, even though they have a large footprint, but they just don't have a lot of presence in Michigan, although they are one of the few companies that has come close to the insurance price that I'm paying. So also an option. So the two companies that are missing out of this report, which actually are beating both all of these companies is going to be USA and New Jersey manufacturers.

The reason that they're excluded from these reports, and this is from JD Power is that USA is only government, you have to be a government person or have a family member that's part of the government in order to join them. They're a group system, so you can't get in the door whatsoever. However, I will tell you that I've got a new guy that I'm training, he just sold to policy save the guy from USA, about 1000. It's not that that's every case, I'm just telling you that nobody's unbeatable, right? So USA, a very, very good company, they are one of my favorite as far as a company goes. As far as like satisfaction, I've heard a lot of good things about them.

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They're very difficult to beat in price, although this year seems to be changing quite a bit, especially in Michigan. And then the next one was going to be New Jersey manufacturers. And that's pretty obvious. The only do New Jersey they're a group company, they only do one specific area, not enough data to raid against them. But they are one of the highest rated in as far as customer satisfaction, the best rated companies in New Jersey. So why am IA Why are they listed as the top company and you can learn more? But it also was a Mika, New Jersey. And I believe country financial, I think was also in there too. Those guys were doing really good then as well. And they're still doing good today. But in this one, I was looking specifically auto what makes them unique compared to just why don't I just get auto insurance anywhere else.

So the things that make America unique, these are the notes that I took is they have free lock replacement for lost keys. They do free repair for damaged glass, and they have an asterisk next to that because there's deductibles if you have it, yeah, you can read it if you want to free repair. If the deploys the airbag, that's pretty cool. No depreciation for a complete loss of a new vehicle. So there's like a package that they offer. Last wage reimbursement which most places do and then do $1,000 for bail bonds. So not a lot of companies are doing the bail bonds anymore. That's called their Platinum auto choice.

That includes identity fraud, so it monitors your identity. If someone steals your credit files, they you get notified within 24 hours of a breach. If you get a need assistance, so they're not paying to fix your credit. They're just kind of monitoring it just like your credit card does. It's not a whole lot of difference. It's just they're gonna notify you quicker. So at this point, definitely like subscribe, all that stuff. I'm going to move into the next company, which is reviews.com. And the reason I did them was because they have probably the most knowledge as far as like, what people think of companies the general decision, I wanted to get some more opinions. They are very powerful. They are very good. They're usually accurate, but I just wanted to make sure we're not giving you some false information. So what we've got here reviews.com says USA, very similar.

So they're actually ranking them. We've got Geico insurance. Also their state farmers third, their best for rideshare drivers they say they say Geico is best for digital USA is best for military members and veterans great and then they say progressive is in there. That's pretty cool. Best for discounts. They do have a lot of good discounts. And then nationwide who actually worked with that's awesome, best for coverage options. So USA got a 4.3 out of five.

The part where they failed, was there coverage. I agree. That's where I didn't like them. Geico got a 4.0 where they failed the most it's kind of a tie between customer experience and and coverage. So 3.5 out of five, not not horrible. State Farm. I don't know why they're in there because they only got 3.8. Overall. Well, well, yeah, everyone else did worse. They feel that the coverage as well. So okay, great progressive got a 3.7. their lowest point was customer experience to 3.1. So not the best customer experience. But they're large,

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So I can see that nationwide 3.5. And there also was the pricing. So yes, and I agree, there are some spots where their pricing isn't perfect. And if we want to go one further Safeco and then travelers. And then farmers, those guys are the next three best rate ones. Okay, guys, this has been way too long. I'm sorry, if you stay to the end, put a hashtag stayed. And we're gonna celebrate. Because it's Thank you for watching this. What we're going to do next is I want you guys to do me a favor. If you want more details on some of these companies, put in the comments below. But watch the other one that I did in 2017.

Because it's not much different between then to now, what I think is going to happen going forward. What's good you're going to start seeing is these large companies like State Farm and Allstate, you're going to see them do one of two things. I think either a, they're going to leave their agent only model. And they're going to open up the doors for all these independent agents to come in and start using their product and selling their product. Or be they're going to create their own digital models. You've seen it happen a lot. Allstate has insurance. You know, farmers has 21st century, Liberty Mutual has Safeco so each guys is creating their own models. But I think you're going to see that change. And that's going to make a big difference, because what that's going to do is draw on some different type of risks.

So how do they change their model without changing the type of customer they're looking for? I don't think there's really an easy way to do that. So it's interesting to see in the next three to five years, what happens as we start getting autonomous cars coming out. And people are either getting more accidents or less accidents.

We don't know if there's a recession, if that takes place, this whole thing is going to change. I think within this decade, it's going to be completely different than it is today. I think what I'm going to do is 10 years from now, I'm going to be sitting here saying Hey, guys, yeah, state farms no longer number one there, number 12. Because either a they didn't switch their model and they just couldn't survive, or the independent agents are just taken forced.

This is no longer just a ranking on companies. This is a ranking on Independent agencies, because these guys are taking in 10 to 15 companies. And if you're looking for Westfield, or Wolverine, or some of those smaller companies that just have that local touch, you're going to be able to get that options. Anyways guys, I hope you liked it, share with anyone you think would get good advice out of this.

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