Where Does Your Auto Insurance Co. Stand?
ALBANY, N.Y. (AP) – If you want to see how your car insurance company stacks up when it comes to consumer complaints, the state Insurance Department has the info on its website.
The agency has released its 2010 annual ranking of automobile insurance companies showing how 167 insurers performed last year. It’s based on the number of consumer complaints the department upheld, in relation to the volume of business.
EXTRA: Annual Ranking Of Automobile Insurance Complaints (pdf)
Nationwide Mutual Insurance Company ranks best while Long Island Insurance Company ranks worst among insurers writing $1 million or more in premiums.
Nationwide was the largest of 51 companies without a single upheld complaint. Long Island Insurance had 265 upheld complaints.
The two largest insurers in the state are Allstate and GEICO. Allstate wrote $1.26 billion in premiums and had 180 upheld complaints; GEICO wrote $1.22 billion in premiums and had 15 upheld complaints.
(Copyright 2010 by The Associated Press. All Rights Reserved.)