Liability Sample Quote: Rating Factors

Liability Sample Quote: Insurance Rate Factors

Discounts Applied to this Liability Sample Quote:

Additional Notes: This person has a good driving record!

Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real liability sample quote.

Who Is National General?

National General Insurance is an American insurance company that was founded in 1920 as the Motors Insurance Corporation. The company offers a variety of insurance products, including auto, home, life, and health insurance, as well as specialty insurance such as RV, motorcycle, and boat insurance.

National General Insurance operates in all 50 states and has over 9,000 independent agents and brokers. The company is known for its flexible coverage options, competitive rates, and convenient online and mobile services.

National General has received high ratings from independent rating agencies such as A.M. Best, which rates the financial stability and performance of insurance companies. The company has an A- (Excellent) rating from A.M. Best, which indicates a strong financial standing and the ability to meet policyholder obligations.

National General has also been recognized for its customer service, with a number of awards and accolades from various organizations. For example, the company received the J.D. Power Award for “Highest Customer Satisfaction among Auto Insurers in the Southeast Region” in 2020.

Overall, National General Insurance is a reputable insurance company with a long history of serving customers across the United States. However, as with any insurance provider, it is important to research and compare coverage options, rates, and customer reviews before making a decision.

Why Does Auto Insurance Companies Give A Discount For Auto Payments?

Insurance companies often offer a discount to customers who set up automatic payments as it helps to reduce the risk of missed or late payments. Late or missed payments can result in additional fees or even a policy cancellation, which can be inconvenient and costly for both the customer and the insurance company.

By setting up automatic payments, customers can ensure that their insurance premiums are paid on time and in full each month, which can help to improve their credit score and reduce the likelihood of a policy cancellation. This can also save the insurance company time and resources that would be spent on chasing late payments or processing cancelled policies.

Additionally, automatic payments can help insurance companies to forecast their cash flow more accurately, which can lead to more stable financials and potentially lower rates for customers over time.

Overall, offering a discount for setting up automatic payments is a win-win for both the insurance company and the customer. The insurance company benefits from more reliable payments, and the customer can enjoy lower premiums and greater peace of mind.

It’s always a good idea to ask your insurance company about the discounts they offer to see if you can save money on your premiums.