Bosworth & Associates 1818 W SW Loop 323 Tyler, TX 75701

How to Select the Right Insurance Company

March 2, 2020

Choosing an agency for your auto, home and life insurance can be a bit confusing and daunting when you don’t really know what to look for. The bottom line is, you have to do your research on any company you consider — preferably choosing a few to narrow down your list and going from there. The one you end up choosing presumably will be the one that best fits your needs and budget.

Know What You Need

First off, you have to understand your own needs and wants. Make a list of all the factors that need to go into your insurance, encompassing auto, life and home. Dig a bit deeper and find out what different price points offer you and what you would include in your plans. The key to choosing the right insurance company lies in understanding what coverage and amenities you want, says the Department of Motor Vehicles (DMV). If you’re going solely for cheap coverage, what’s part of that coverage and how will it affect you in the real world? You may find that cheaper isn’t actually better — in fact, it can come back to burn you later. Think about what you need in customer service. Are you a busy professional or parent looking for a company that offers convenience above all, such as online chat, 24/7 customer service, and online bill pay? Or are you more of a traditionalist at heart, with a local office you can visit to discuss your insurance needs and conduct transactions?

Take a Look at Experience

While newer agents can certainly provide stellar customer services, generally you want a company that’s been in the business for many years with several expansions as growth comes. A larger insurance company with more experience usually signals to you that they know the complexities of the insurance business, and how to manage risk and grow assets, with a proven history of meeting long-term financial obligations. This isn’t to say you have to look only at the large insurance companies in your area. Small and mid sizes companies can also have a solid track record of excellence. Just be sure to do your research.

Research Reputation

Investigate each company you’re considering and make sure they have a good standing in the community. Check BBB ratings, and go to your state’s Department of Insurance website to make sure the company is licensed to sell insurance where you live. Check watchdog sites to ensure positive reviews. Check financial standing on sites like J.D. Power and A.M. Best. Just as an aside, Bosworth & Associates has an A+ rating on the BBB and we are a 2015 Best Practices Agency by the IIABA. Check out our Testimonials for more. 

Compare Rates

This one is important because all insurance companies are different and so are their rates. There could be some pretty wide gaps in cost and coverage by insurance company, so invest the time to call the ones you’re considering for quotes. Bosworth & Associates offers online quote requests for your convenience. Don’t just look at the final cost: delve into what you’re getting line by line.

Call Us Today

Bosworth & Associates is proud to be your top resource for local auto, home and life insurance throughout Tyler, TX since 1939. Contact us for a quote or to inquire about our policies, and find out why are we top insurance company in Tyler.

Bosworth & Associates has been selected for the 19th year as a Best Practices agency.