The top 5 insurance companies in the US based off of three major players we’re gonna use JD Power as the primary we’re gonna use reviews.com because they had thousands and thousands and hundreds of thousands of reviews and then we’re also going to use a company called bank rate now bank rate 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 gonna use their data you will be very shocked on how different these answers are between which companies were the best and which ones weren’t that just leads you to believe that you’ve 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 it’s territories so to speak so let’s dive right into it now the thing is my camera is kind of messed up.
Today I couldn’t get the audio working I got like a cord I have tons of cords just hanging out here so bear with me if you like the video definitely give me a thumbs up subscribe if you want to be part of this advice channel that I’m giving for insurance but I’m gonna be looking to my left a lot because I actually decided to hook it up to my monitor so now hopefully the auto is good I got my auto here my monitor yeah okay well let’s dive into it the first thing I’m gonna go through is and I’m gonna show you screenshots here is JD power so there’s some stuff that they asked us in here that most people don’t see and I’m gonna go through the top couple companies with you specifically and show you why they thought they were the best so number five is state farms they’re the largest player in this entire industry of insurance right through the u.s. they control the major portion of the market if there was one company that’s standing on top of them all that’s gonna 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 and they drop the prices really really low so they pull in a lot of business
as you guys saw and there’s actually a video I made that kind of mentioned it 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 there’s still the largest guys they’re still gonna be huge they really have a huge control on the market they have really good prices their agents are what make them more successful they’re huge with agents there are 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 Safeco 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 it’s not the point of this whole channel but number five is State Farm great large company number four is Geico gecko 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 in 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 / 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 and I’ll make another video on that but let long story short they’re kind of they’re making it difficult extremely difficult to get a well good company large companies similar to a 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 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 insurance is 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 gonna be really good for you eery insurance is gonna be good for you and I say that not that they don’t do home it’s just in 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 and this is the part where you guys can help me because I don’t do a lot of eerie and maybe we’ll do a video on them 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 they’re in Michigan let me know in the comments below what state are you in and if you’re with Erie or guy Co 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 where they competitive not competitive have you been with them for ten years two years to kind of give us an idea of what what experience you guys have had with either Geico or Erie Insurance 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 gonna 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 gonna 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 Corey rated and the reason that’s they’re so highly rated is gonna be a mica insurance I think it’s a mica or a backup 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 gonna be USAA and New Jersey manufacturers the reason that they’re excluded from these reports and this is from JD power is that USAA 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 two policies save the guy from USAA about $1,000 it’s not that’s every case of just telling ya 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 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 gonna be New Jersey manufacturers and that’s pretty obvious they only do New Jersey there are a group.
it’s company they only do one specific area not enough data to rate 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 Amica why are they listed as the top company and you can learn more if you do I know the video that I made was 2017 but it also was Amica 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 so if you want to learn more specifics I’ve really dug in to very very needy details in that video 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 you Amica 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 it 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 lost wage reimbursement which most places do and they do $1,000 for bill months
so not a lot of companies are doing the bail buttons anymore that’s called their platinum auto choice that includes identity fraud so it monitors your Dennett II 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 gonna move into the next company which is reviews.com and the reason 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 want to make sure we’re not giving you some false information so what we’ve got here reviews.com says USA a very similar so they’re actually ranking them we’ve got GEICO insurance also they’re State Farm is third their best for right share drivers they say they say Geico is best for digital USAA is best for military members and veterans great and then they say progressive is in there that’s pretty cool
I just did a video where I I ranked them number one for me as far as my area best for discounts they do have a lot of good discounts in the nationwide who actually work with that’s awesome best for coverage options so USAA got a four point three out of five the part where they failed was their coverage I agree that’s where I didn’t like them Geico got a 4.0 where they failed the most is kind of a tie between customer experience and and coverage so a 3.5 out of 5 not not horrible steep farm I don’t know why they’re in there cuz they only got a 3.8 overall oh well yeah everyone else did worse so I think they failed at the coverage able as well so ok great progressive got a 3.7 their lowest point was customer experience at 3.1 so not the best customer experience but they’re large so I can see that nationwide 3.5 and there also was the pricing so yes and I agree there are some spots where the 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 let me know what video you want me to make next cuz its thank you for watching this what we’re gonna do next is I want you guys to do me a favor
if you want more details on 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 gonna start seeing is these large companies like State Farm and Allstate you’re gonna see them do one of two things I think either a they’re gonna leave their agent only model and they’re gonna open up the doors for all these independent agents to come in and start using their product and selling their product or B they’re gonna create their own digital models so you’ve seen it happen a lot allstate has assurance you know farmers has twenty four century Liberty Mutual has Safeco so each guys is creating their own models but I think you’re gonna see that change and that’s gonna make a big difference because what that’s gonna 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 gonna change I think within this decade it’s gonna be completely different than it is today I think what I’m gonna do is ten years from now I’m gonna be sitting here saying hey guys yeah state farms no longer a number one they’re number twelve because either they didn’t switch their model and they just couldn’t survive or the independent agents are just taken force 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 gonna be able to get that options