On October 3, 2009
You ‘Auto’ Know: New York Ranks Best and Worst Auto Insurers
If you want to know the best – and worst – auto insurers, read New York State’s just released annual report of auto insurance rankings, based on the complaint ratios of all major carriers operating in the Empire State. The top ranked insurer is Rhode Island-based Amica, a mutual company that generally ranks high on everyone’s list, including J.D. Power’s. It, and six other companies, had no complaints lodged. At the bottom is number 38, the small Long Island Insurance Co. What is most interesting, however, is where the major insurers rank. American Express Group’s IDS Property Casualty unit placed 4th, also with no unresolved complaints while Chubb, with a history of no-questions-asked payments, but higher premiums, is number 8….
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