When looking for car insurance, you want to make sure that any given provider is legitimate. One way to do this is to check insurance company codes.which can help you make sure companies are reliable while making it easier to review financial data and complaints.
This article discusses two types of insurance company codes: the National Association of Insurance Commissioners (NAIC) number and the DMV code. We’ll tell you what these codes are for and how to find your provider’s code.
When looking to purchase auto insurance, it’s always a good idea to compare rates. You can learn a lot from a NAIC report, but you should also read reviews devoted to explaining the coverage in everyday language. Start by reading our review of the best car insurance companies, and when you’re ready to start looking for a policy, use our quote comparison tool below. Or, for an even simpler experience, call (844) 246-8209 for free quotes.
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What is an insurance company code?
An insurance company code is a specific code assigned to authorized insurance retailers in the United States. There are two types of insurance company codes: the NAIC code and the DMV code.
A NAIC insurance company code is a five-digit code that is assigned to an insurance company by the National Association of Insurance Commissioners (NAIC)which is an organization created to provide regulatory oversight of insurance practices in the United States
BecauseEach state has its own insurance commissioner and insurance laws, the NAIC has used insurance company codes to track companies from state to state and help set standards and best practices. The NAIC also provides productions and reports for consumers.
Insurance company codes can be used in the NAIC database to do the following:
- See the number of closed complaints
- Report Fraud
- Review enforcement action taken against a business
- Read market driving test reports
- Download financial statement data
Although you are required to have liability insurance in your state, you do not need to use a specific provider. If you have a complaint with your insurance company, contact your state insurance commissioner. These complaints will then be listed and searchable under the code of the insurance company.
NAIC codes don’t just apply to car insurance companies. Any US insurance company that underwrites coverage has a NAIC number, including health insurance, life insurance, and fire insurance companies.
In addition, the same insurance company may have more than one NAIC number. This occurs when the parent company includes multiple underwriting organizations. When this is the case, the NAIC groups each organization into a group code under the parent company to simplify matters.
A DMV code is a three-digit code assigned to insurance companies licensed to sell insurance in that state. While NAIC codes are standardized across the country, DMV codes are state-specific and issued by a state’s insurance commissioner, as each state has different insurance laws and regulations.
As a consumer, you don’t really need to know which company is assigned which codes when buying car insurance. This is something you don’t need to know until you have purchased insurance.
How do I find an insurance company code?
Insurance company codes can be useful for researching financial reports, complaints, and enforcement actions. If you are looking for a NAIC code, you can visit the NAIC website for a list of insurance company codes.
DMV codes must appear on your insurance card and may be required to register your vehicle. Contact your car insurer for more information.
Below are the NAIC codes of our top 12 car insurance providers for your convenience:
Other Valuable Ratings for Car Insurance Companies
There are a number of rating agencies and websites that review car insurance providers, many of which can be helpful. Before taking out car insurance, consider checking the following ratings. These are not P&C insurance company codes but reliable numbers that can help you better understand a company.
|Rating||what he tells you|
|JD Power Auto Claims
|This score gives an indication of customer satisfaction with the complaints process. This could tell you the likelihood of your claim being accepted, as well as how quick and easy the claims process is with a particular company.|
|AM Best financial strength rating||This rating indicates the financial strength of a company. The stronger the financial strength of an auto insurance company, the better it is able to meet its obligations and pay claims.|
|Better Business Bureau Rating||BBB ratings are based on customer satisfaction and company reputation. A business with a high BBB rating is known for treating customers fairly and making reasonable efforts to resolve complaints.|
|Vendor Reviews||Our vendor reviews offer consumer-focused analysis. Scores are based on customer reviews, ease of filing claims and quality of coverage.|
Our recommendations for car insurance
Buying car insurance can be complicated. With dozens of options, it’s more important than ever to be an informed shopper.
The best advice we give to people looking for auto insurance is to compare quotes and plans from multiple providers. Get started by using our quote comparison tool and check out some of our top recommended providers. Or call our team at (844) 246-8209.
We believe Geico is the best comprehensive car insurance provider. With Geico car insurance, you are entitled to a wide range of discounts. Student drivers get discounts for good grades and safe drivers can track their driving for premium discounts. Geico offers nationwide availability, affordable pricing, and a simple claims process.
We rate Geico at 4.5 stars out of 5.0. The JD Power 2019 Auto Claims Satisfaction Study gave Geico a rating of 3 out of 5, and AM Best gave Geico an A++ financial strength rating. Geico is inexpensive and highly recommended. This is a good starting point for comparing quotes.
Geico’s insurance company code is 35882 with the NAIC. Learn more about the provider in our comprehensive Geico auto insurance review.
USAA is our highest rated provider and we give USAA auto insurance 5.0 out of 5.0 stars. The only downside is that it’s only available to military members and their families.
USAA auto insurance policies are both comprehensive and inexpensive. The insurer has one of the best customer service reputations in the industry. JD Power’s Automotive Claims Satisfaction Study rated USAA 5 out of 5 (highest), and AM Best rated USAA at A++. USAA is able to pay claims and generally meets customer expectations. For service members and their families, we believe there is no better choice than the USAA.
The USAA insurance company code is 25941 with the NAIC. Learn more about the provider in our comprehensive USAA auto insurance review.
In an effort to provide accurate and unbiased information to consumers, our team of experts collects data from dozens of car insurance providers to compile rankings of the best insurers. Companies receive a score in each of the following categories, along with an overall weighted score of 5.0 stars.
- Industry Ranking: Insurers with strong financial ratings and customer-focused business practices receive the highest scores in this category.
- Availablity: We consider availability by state as well as exclusions for specific groups of drivers.
- Blanket: This rating is based on the types of insurance available, maximum coverage limits and supplemental policies.
- Cost and discounts: Our research team reviews sample quotes for a variety of drivers in every state. Companies with lower prices and many car insurance discount opportunities receive the highest scores.
- Customer service: We scour customer reviews and consumer feedback studies from experts like JD Power.
- Technology: Auto insurers with mobile apps, advanced online services and telematics are more likely to meet consumer needs.
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