Insure.Com Survey Reveals 2017's Best Auto Insurance Companies for Millennials - Insurance News | InsuranceNewsNet

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January 10, 2017 Newswires
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Insure.Com Survey Reveals 2017’s Best Auto Insurance Companies for Millennials

Targeted News Service (Press Releases)

FOSTER CITY, Calif., Jan. 9 -- Insure.com, a provider of information on life insurance, home insurance, health insurance and auto insurance, issued the following news release:

CSAA was ranked the best auto insurance company for Millennials in a new survey released today by Insure.com.

Respondents to the survey between the ages of 18-34 gave ratings for 20 leading auto insurance companies in the United States for its 2017 rankings of the best companies for auto insurance.

These ratings were based on insurance company factors of value for price, customer service, claims processing, likelihood to renew and likelihood to recommend.

* First place: CSAA Insurance Group

* Overall score: 97.5

* Value for price: 5

* Customer service: 4.75

* Claims processing: 4.75

* Would recommend: 96%

* Likelihood to renew: 100%

Second place: USAA

* Overall score: 96.5

* Value for price: 4.5

* Customer service: 5

* Claims processing: 5

* Would recommend: 91%

* Likelihood to renew: 95%

Third place: Nationwide

* Overall score: 96.0

* Value for price: 4.75

* Customer service: 5

* Claims processing: 4.75

* Would recommend: 91%

* Likelihood to renew: 100%

See scores and rankings for all 20 life insurance companies in the survey.

Millennials will typically be subject to higher premiums than the older generation due to the shorter length of factors such as credit history, driving history, and continuous insurance policies.

"This age group has a lot to gain by shopping around," says Penny Gusner, consumer analyst for Insure.com, "These customers have a lot of diversity in their insurance rating factors, and one company might view their particular combination more favorably than another."

Insure.com's Best Auto Insurance Company survey allows users to confidently compare the best companies in the industry by sorting results according to your most important criteria, such as price or service.

For more details on the survey, including company scores and rankings across categories, please see the full feature on Insure.com.

Methodology

Insure.com commissioned Op4G to survey more than 3,700 insurance customers nationwide in June 2016. The survey collected customer ratings for 20 leading companies in the auto category. Only current customers of the insurers on our lists were surveyed, and the survey was not open to the general public on the Insure.com website.

Auto insurers were ranked according to a weighted 5-point measurement of the following factors: customer service, value for price, claims processing, would renew and would recommend. Weighted measurements were derived from surveyed policyholders' rank of prioritization of these factors.

The A.M. Best ratings, discounts and coverage options noted in the survey do not affect the scores, but are provided as a supplementary resource.

Insure.com makes these ratings freely available via this site. The views and opinions expressed by users do not reflect the views and opinions of Insure.com. Insure.com expressly disclaims any and all liability in connection with the ratings.

About Insure.com

Insure.com provides a comprehensive array of information on auto insurance, home insurance, health insurance, and life insurance. The site offers an extensive library of originally authored insurance articles and decision-making tools that are not available from any other single source, including its extensive car insurance discounts tool. For more information, please visit QuinStreet.com.

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