 Personal finance, PowerPoint, presentation, car insurance companies, prepare to get financially fit by practicing personal finance. We've been breaking the financial decisions into the short-term ones and the long-term ones, the short-term ones being those that we train our gut to trust our gut, the long-term decisions being those where we use the adage of measure twice, cut once, having some formal process that might look something like this, we're gonna set the goals, we're gonna develop a plan, we're gonna put the plan in action, we're gonna review the results, and then we started on over again. We thought about the types of things that we might try to look to mitigate risk for, including disability, illness, death, retirement, property loss, and liability. We're gonna focus in on car insurance companies. Most of this information can be found at Investopedia, best car insurance companies, which you can find online. Take a look at the references, resources, continue your research from there. This is by Lina Bariye, updated March 31st, 2022. This is their list of best car insurance companies. Note that we are not affiliated with any of them directly, although Investopedia maybe, we're gonna go through this list just to get an idea if people are looking for car insurance, the different companies that are out there, and the best car insurance list per Investopedia, noting that of course you wanna do your own research. Take a look at the resources on Investopedia, possibly as a launching point, a starting point, and then of course the companies themselves talk to people that are independent from the companies, if you can find them to get independent opinions from friends, family, and possibly like lawyers, that if you have them or CPA, that you might even pay people for an independent decision for things like the best insurance company to work with. So best car insurance companies, if you're shopping for car insurance, there's no shortage of insurers available. While there are many different auto insurance providers, not all companies will offer the coverage you need at a price you can afford. With so many options, it is important to find one that aligns with your budget and your coverage needs to help you narrow down your choices. We've evaluated several top insurance companies, we being Investopedia, based on your in-depth expert analysis, these are the best car insurance companies of 2022. So best car insurance companies of April, 2022, per Investopedia's list, best overall, they have State Farm, best cheap car insurance, and best for drivers under 25, eerie, best for drivers with a DUI century, obviously a DUI driving under the influence could have a severe impact on your insurance costs and so on, so you could have insurance policies that specialize just with people that have blemishes on their driving records, for example, best for high-risk drivers, New Jersey manufacturer's group, best for multiple vehicles, and best for bundling with home or other policies, progressive, best for military families, USSA, best for discounts, all state, best for safe drivers, auto owners, best for safe drivers, auto owners, so meaning if you're a safe driver and you have a really good record, you would think that you should get kind of some benefit on that as well, so some of these items will be geared towards these different factors, which is great because you can have different companies, they can kind of specialize in different areas, possibly some people being able to give favorable or focusing in on people that don't have their best records, some people that have good records, some people that are best basically overall, just in general, so State Farm, we'll just go through a couple of these, we won't go through all of them, you can take a look at it in Vestopedia if you wanna get the full list there and get more detail and continue your research. State Farm is our overall best pick because it offers affordable and comprehensive nationwide coverage, this provider also has strong customer satisfaction and financial ratings, so it's really nice these days that these kind of service providers do have a lot of stuff online these days with regards to their ratings and so on, that's another resource that we can take a look at. Froze, huge local agent network, financially strong, cons, not available in Massachusetts or Rhode Island, so if you're in Massachusetts or Rhode Island, State Farm, not the one for you, it looks like, does not offer gap insurance coverage, so State Farm is our top choice for the best overall car insurance company due to its wide availability, array of coverage, options, generous discounts, and financial strength, this is according to Vestopedia, so State Farm policies are available in 48 states and the District of Columbia and it offers a wide range of products including car, motorcycle, boat, ATV, and RV insurance, 24-hour roadside assistance is also available, State Farm offers the following types of auto insurance coverage, so in prior presentations, we discussed the fact that auto insurance is actually quite complex because there's multiple factors involved in it, so your first thought of auto insurance might be, well, I need it because they told me I do, who told you, the law says I have to have it, but it actually has a bunch of stuff involved in it, so when you actually talk to a broker for car insurance, you're gonna be overwhelmed with all this other stuff, so you wanna go into talking to a broker understanding these terms, because these are the kind of things that you'll have to go over, so we got the collision coverage, we got the comprehensive coverage, liability coverage, car rental and travel expenses coverage, the uninsured motor vehicle coverage, medical payments coverage, emergency roadside assistance, and roadshare driver coverage, so, and notice again, not all of those coverages will be required and the ones that might be required will depend on the state to state requirements, so you wanna have an understanding of where you are, what requirements there are, obviously the insurance company can help you with that, but you don't wanna be completely dependent on the broker, you probably wanna have an independent decision, an independent thought process before you talk to someone who is in essence a sales agent selling you insurance and then go into it, so over a dozen discounts are available to state form policy holders, drivers who switch to state form can save $1,127 on average when they bundle home and auto policies, so this of course per investopedia here, State Farm also offers a drive safe and save program allowing policy holders to save up to 30% on premiums for driving safely, so you should get a reward, you would think for driving safely would be good because that would be, you should, so and through it's because of course that would predict that you're gonna drive safely in the future, you would think that you would be less at risk if you have a good track record and so on, and through it's steer clear program, you can save up to 15% off your policy if you're under 25 years old and do not have any at fault accidents or moving violations, if you're interested in comparing policies from different insurers, State Farm offers online car insurance quotes, but you can also work directly with one of its 19,000 local agents to get a quote, once you've found a policy that meets your needs, you can work with a State Farm agent to get coverage, the mobile app will help from there allowing you to file and track claims as well as make payments, so you can use their mobile app for ease. State Farm is highly rated for financial strength by AM Best and customer satisfaction by JD Power. It also receives fewer than average customer complaints about its passenger vehicle coverage according to the National Association of Insurance Commissioners, the NAIC, and this according to Investopedia. So eerie insurance, so now we're on the next one, eerie insurance, when you want affordable car insurance, eerie offers low rates even to younger drivers of age 25. So you might be saying, you know, I'm a little strapped for the cash, I need the low insurance, I'm required to get the insurance at this point in time, I'm not too, possibly you're in a situation, I'm not too worried about people suing me because I don't have anything that they can sue me for, so, you know, good luck. So I just wanna make sure that I'm covered so for liability insurance in case I, that are required in case I am responsible for other people possibly, then you got the low cost, this seems to be their low cost kind of item or lead or eerie insurance. So the pros, easy to navigate the website, extended insurance coverage, several options for customer support. Cons does not allow online claims, no mobile app available. I don't have an app, you don't even have an app, it's all over, actually it doesn't really matter to me. I don't use the mobile app, but that could be important to people, restricted service area. Eerie is our top choice for the cheap coverage and for drivers under 25, due to its relatively low premiums and multiple discounts for young drivers. So those young crazy drivers out there, just not trying to pick on anyone, but you know, those young drivers get in more accidents per, generally. So it's usually cost more to ensure the younger drivers. I know that's true in my track record, but in any case, it's an established insurance company with over 20 field offices and more than 13,000 independent agents. However, its service area is limited, coverage is only available in Washington DC and 12 states, including Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Idaho, Pennsylvania, Tennessee, Virginia, West Virginia, and Wisconsin. Eerie offers several types of car insurance, including, again, we'll go through the list of car insurance here. We got the comprehensive collision, and remember car insurance, when you get the car insurance, it's got all these other stuff that you gotta think about what kind of car insurance you're getting. You got collision, you got bodily injury liability, we got the property damage liability, uninsured or underinsured motorist coverage, roadside assistance, rental car expense coverage, new car protection, motorcycle insurance, pet insurance, huh, roadside insurance. So, and notice we listed some of these different insurance things in more detail in a prior presentation. So if you wanna take a look at that, if you're saying about it, it's kind of overwhelming list of stuff there. I don't know what all that means. Take a look at the prior presentation. So policy holders can also add Eerie rate lock and Eerie auto plus, which provides exclusive perks like waived or diminished deductible, transportation expense, reimbursement, and increased policy limits. So to help policy holders save, Eerie offers eight car insurance discounts, including multi-policy discounts and discounts for payments made in full upfront. It's easy for young drivers to save with Eerie as it offers special discounts if you're unmarried and live with your parents. It's according to Investopedia, which I'm sure's got from Eerie itself. So if you have parents that are Eerie customers or win a complete and approval driver training course. So while Eerie does not have online shaft or a suite of mobile tools, it offers 24-7 customer service available to help at any time, plus convenient online payments and claims filing. Quotes can be started online and finalized by one of the more than 12,000 agents available. Eerie is among the top insurers for customer satisfaction on JD Powers annual US auto insurance study. And it has a high AM best rating indicating financial stability. Eerie has also received a lower than average amount of customer complaints according to the NAIC. I'm kind of curious on this customer complaint one because you would, I mean, how are they counting the customer complaints? Cause you would think Eerie is not as big as some of the other places. So I'm sure if it's an average complaint, you'd think the total count would be less given the fact that they aren't in all the places. So I'm not sure exactly how that's counted. But indicate Sentry, if you are a driver, so now we're on the next one, Sentry. This is, I think this last one we'll take a look at. And then you can take a look at the other ones if you want to take a look at the Investopedia. This is per Investopedia. If you are a driver with a DUI or another serious offense on your record, Sentry can be an excellent choice thanks to a largely forgiving acceptance policy. So clearly if there's a driving under the influence, it could be hard to get insurance and obviously the cost could be higher at that point. So 24 seven customer service, financially sound on the pros, on the cons, no online quotes, a limited number of discounts and high premiums which you would expect in the event that you're dealing with people that have blemishes on the record. So Sentry is our top pick for insurers offering coverage for drivers with a DUI. So they're citing DUI here specifically says Investopedia. So founded in 1904 by members of the West Condit Retail Hardware Association, Sentry is an established insurance company that also specializes in business auto insurance for companies. Personal auto insurance is handled via its partner arm, Dairyland Insurance. Dairyland offers both standard and specialized coverage for cars and motorcycles and for drivers who require proof of insurance but have a DUI on their record SR 22 insurance is available. Dairyland offers multiple discounts to eligible policy holders. Several popular discounts include options like saving when you purchase an advanced quote or make frequent payments. There are also discounts if you ensure multiple vehicles, own your own home or successfully complete a defensive driving course. For added convenience, you can start the quote process online or contact an agent. You can also use online tools to make payments or pay your bills each month. Support is available 24 seven for existing customers. Sentry's low loss ratio and high AM best score signal, strong financial stability. However, it is not rated by the JP power and it logs an average number of customer complaints according to the NAIC data. So it's on the average for the complaints there. So those are just a few of them, the top of the list. You can go through some more of the list just to start out your comparing and contrasting. If you're looking into them, remember, do your own research, talk to someone who's gonna be independent, friend, family member, CPA, lawyer. If you have it, pay someone who is independent for decisions or advice on different insurance companies if you can. Understand the different types of insurance under the category of auto insurance before then making your decision and talking to that sales agent and getting the insurance you need.