Is there a chart somewhere on the net that compares the timing of auto insurance companies settling on claims?
I am trying to find out if Farmers auto insurance settles quicker than Nationwide insurance and vice versa. I have Farmers auto and home insurance now and considering a move to Nationwide. A: Hard question to answer. There are simply too many “what-ifs” in each claim. Just because a company took along time to close a claim doesn’t necessarily mean it was the company stalling or holding out payment. Each state has fair claim laws that dictate what is a reasonable amount of time to communicate a decision on a claim. It seems that speed of settlement is important to you so I won’t try to change your mind. I, as an agent however, have seen too many people fall for a company because of just one thing. It could be strictly a lower price, some “discount” or simply savy marketing. My recommendation is to find a company that can deliver more of a total package for you. I would start with the agent. Many time just having a thorough, competent and professional agent can speed up the claims proces
