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How do you find auto insurance rankings?

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Quick Answer

Find auto insurance rankings on the websites for J.D. Power & Associates and Standard & Poor's, as of 2015. J.D. Power & Associates ranks insurance agencies based on customer satisfaction, whereas Standard & Poor's ranks companies based on financial stability, notes About.com.

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J.D. Power & Associates ranks auto insurance companies based on customers' buying and customer service experiences and their satisfaction with claims resolutions, states About.com. Based on its research, the company assigns insurance carriers number grades within its Power Circle Ratings. Five is the highest score, an indication that a company is considered one of the best in the industry, and these companies receive J.D. Power & Associates awards. The company assigns a rating of two to car insurance companies with a customer satisfaction rating at least 20 percent below the industry average.

Standard & Poor's measures the financial health of car insurance companies, an important factor for car owners to consider when shopping for insurance, notes About.com. To arrive at rankings, the company considers factors such as ability to pay claims, performance in comparison to other insurance companies, capital and earnings. Standard & Poor's ratings range from a lowest score of "D," assigned to companies who have defaulted, to a highest score of "AAA," for companies that have strong financial performances and pay their creditors.

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