Numbers of cars are increasing day by day on roads and so do the number of companies in insurance sector but do you know about the highest rated auto insurance companies in America? If you don’t, we can tell you about them today. There’s an article on Insider Monkey which has a list of ten highest rated auto insurance companies in America that we are going to share with you. Let’s take a look at Insider Monkey’s article to find out about these companies.
Auto insurance is one of the important and critical financial services today. According to automobile research firm IHS Automotive, the total number of automobiles in the U.S is estimated at 253 million, while the average age of vehicles on the road is about 11.4 years in the U.S. This reflects the huge market potential for the auto insurance industry, as insurance must be bought for each vehicle on a yearly basis.
In the US, auto insurance generally covers the risk financial liability of the owner in case of damage or accident. Types of auto insurance include Liability Insurance which covers both vehicle damage as well as medical expenses in case of injury to the owner during accidents, and Collision, which compensates only the damage and repair of vehicles. To read more, please visit Top 10 Highest-Rated Auto Insurance Companies in America.