This essay analyzes several prominent Arizona insurers that provide a wide range of coverage options to safeguard against the unexpected.
The companies highlighted in this essay offer a variety of insurance products, from auto to life to home to business coverages. They prioritize customer satisfaction, claims handling and affordability while also contributing to the community.
State Farm
Founded in 1922, State Farm is one of the most well-known and largest insurers in the nation. Its products and services include home, auto and life insurance; banking; investing; and wealth management. Its financial strength ratings are A++ from AM Best, the highest available. Its customer satisfaction ratings are generally above the industry average, though some policyholders have reported poor claims experiences.
One of the reasons that State Farm is able to offer competitive rates on car insurance is its vast network of local agents. It also offers a variety of discounts that can help lower premiums, including those for good driving, safe vehicles and bundling policies.
The company is committed to safety and has been a leader in advocating for seatbelt laws, teen driver training and other ways to promote road safety. It is also a popular choice for homeowners, offering competitively priced policies and a variety of discount options.
State Farm is also well-known for its customer service, ranked fifth out of 24 insurers in J.D. Power’s 2023 U.S. Property Claims Satisfaction Study. On the other hand, many customers report less-than-pleasant experiences with the company in forums such as those on Reddit and personal finance websites.
Auto-Owners Insurance Co.
Auto-Owners Insurance is a good choice for drivers who prefer to purchase and manage their car insurance policies with an agent rather than online. The company provides a variety of auto coverage options, including bodily injury liability, property damage liability, medical payments, roadside assistance, loan/lease gap protection, and diminished value coverage. The company also offers a number of specialty automobile insurance products, such as classic car insurance and modified vehicle coverage.
Auto-Owners is a highly-rated company with excellent financial strength and stability. It is one of only six property and casualty insurers to receive a superior rating from A.M. Best, and it has received excellent marks from other nationally recognized independent rating authorities. The company also offers a range of home, life, pet and car insurance products.
In WalletHub’s sample quote analysis, the annual premium for a full-coverage Auto-Owners auto policy was $1,361, which is 36% lower than the national average. This is thanks in part to a better-than-average driving record discount and a reduced loss ratio, as well as unique discounts for green cars and a mature driver discount. To see how Auto-Owners compares with other car insurance providers, check out our complete Auto-Owners review and compare quotes from competing companies.
Travelers
Travelers offers competitive pricing and a wide range of policy discounts for auto insurance. The company also has a strong financial foundation and a good reputation in the industry. However, it lags behind State Farm in the customer satisfaction and claims processing categories in The Zebra?s 2021 car insurance comparison study.
Homeowners insurance from Travelers is customizable to fit your needs, with protection for dwellings, other structures, personal property and loss of use. Additionally, you can choose from a variety of deductibles to meet your budget.
Business owners can get workers? compensation from Travelers, which covers medical expenses and lost wages if an employee is injured at work. The company also offers flexible payment plans and online claims submission.
Travelers is committed to corporate responsibility and community engagement, with a focus on environmental sustainability. Its programs aim to promote education and economic growth, while reducing carbon emissions and other negative impacts. The company also contributes to philanthropic initiatives through its employees. The Travelers Foundation supports organizations that promote social justice and environmental sustainability. It also provides disaster relief and support for communities hit by natural disasters. Travelers is also a member of the Responsible Business Alliance.
Health Insurance
While health insurance is not required by Arizona law, it can help residents protect themselves from large medical bills. Health insurance coverage includes physician and hospital visits, prescription drugs, behavioral health services, emergency care, and more. Arizona residents can choose from a wide range of private and public health insurance plans including the federal exchange during open enrollment or through a special enrollment period when they experience a qualifying life event.
While deciding on the best health insurance company for you, it is important to consider your specific needs and budget. You should also review out-of-pocket costs such as premiums, copays, and deductibles.
Aetna is one of the largest health insurers in America with over 30 million members. The company offers a broad network of more than 787,000 doctors, hospitals, and other healthcare providers to its policyholders. Aetna also has a reputation for outstanding customer service.
In addition to its core health insurance products, the company also provides Medicare Advantage Prescription Drug (MAPD) plans and standalone PDPs. Its MAPD plans offer a variety of supplemental benefits to help reduce out-of-pocket costs, while its standalone PDPs provide low monthly premiums and $0 or low co-pays on medications. The company also offers an array of other supplemental benefits, such as transportation services, wellness programs, and telehealth visits.
