How We Found the Best Auto Insurance – Startup91Labs
At Startup91Labs, we identified the top car insurance companies by examining a range of factors, including pricing, discounts, and customer satisfaction data. Our list is dynamic and will be updated as we review more insurers and receive new market information.
About Advantage Auto
Advantage Auto and its affiliates have been offering private passenger auto insurance since 1989. Based in Nashville, Tennessee, they are dedicated to being a leading provider of non-standard auto insurance in the United States.
What sets them apart is their commitment to superior service for both customers and agents.
Currently, they sell and service insurance in 10 states, with licenses to operate in all 50 states. They look forward to growing with you and your agency!
A Closer Look at Advantage Auto Loans
Here are some key details to consider about Advantage Auto Loans:
- Inclusive Credit Consideration: They consider most credit profiles, including those with past bankruptcies or vehicle repossessions.
- Self-Employed Applicants: Independent contractors or self-employed individuals can apply, provided they can prove their income.
- First-Time Buyers: Advantage Auto Loans welcomes applications from first-time car buyers without prior auto financing history.
- Credit Reporting: Their lenders report to all three major credit bureaus, helping you build your credit if you manage the loan responsibly.
- Trade-Ins Accepted: They can connect you with lenders who accept trade-ins, even if you haven’t fully paid off your current loan. Be cautious, as this could result in being upside down on your new car loan.
- Flexible Terms: They offer various loan terms to fit different financial situations and needs.
- Competitive Interest Rates: Advantage Auto Loans aims to provide competitive rates, making car financing more affordable.
- Fast Approval Process: Their streamlined application process allows for quick approvals, helping you get on the road sooner.
- Customer Support: They provide dedicated support to guide you through the loan process and answer any questions.
Advantage Auto Loans strives to accommodate diverse financial backgrounds, making car ownership accessible for many.
Criteria for Evaluation:
- Financial Stability (22%): Importance: Ensures insurers can pay future claims reliably.Basis: Ratings from independent agencies like AM Best, Standard & Poor’s, and Fitch.
- Customer Complaints (20%): Importance: Low complaint numbers indicate customer satisfaction and effective issue resolution. Basis: Complaints reported to state insurance regulators and compiled by the National Association of Insurance Commissioners.
- Ease of Use (20%):Importance: Transparency and simplicity in getting quotes, filing claims, and accessing information. Basis: User experience in obtaining quotes, managing claims, understanding coverage, payment options, and mobile app usability.
- Affordability (18%):Importance: Competitive pricing and availability of discounts to reduce overall costs.Basis: Variety and extent of discounts offered by each company.
- Customer Service (10%):Importance: Quality of customer support and assistance.Basis: Reviews and ratings from customers regarding their interactions with customer service representatives.
- Coverage Options (10%):Importance: Availability of diverse coverage options to meet different needs.Basis: Range of policies and add-ons offered by each insurer.
- Claims Processing (10%):Importance: Efficiency and fairness in handling claims. Basis: Speed and satisfaction ratings related to the claims process.
By assessing these factors, startup91Labs provides a comprehensive evaluation to help consumers find the best car insurance companies tailored to their needs.
AdvantageAuto Review
Advantage Auto Loans: Pros and Cons
Pros
- Low Starting Rates: Competitive interest rates for qualified borrowers.
- All Credit Profiles Considered: Applications are accepted from borrowers with various credit backgrounds, including those with past bankruptcies or repossessions.
- Zero-Down Loan Options: No down payment required for those who qualify, making it easier to secure a vehicle without upfront costs.
Cons
- Income Requirement: Prefer applicants with a pre-tax monthly income of more than $1,499.
- No Prequalification: Applicants cannot apply for prequalification, potentially affecting credit scores with hard inquiries.
- Online Applications Only: All loan applications must be submitted online, which might not suit everyone.
Contact Advantage Auto
Contact Us
Here to Help
Customer Service
- Email: underwriting-aa@advantageauto.com
- Phone: 1-771-210-4000
Claims
- Email: claimsupport@advantageauto.com
- Phone: 1-771-210-4000
File a Claim
Agent Help
- Email: agenthelp@advantageauto.com
- Phone: 1-771-210-4000