HSBC Auto Insurance Review

When it’s time to revisit your affordable auto insurance, it’s important to compare not just two, but many auto insurance companies to ensure you’re getting the right coverage at a price you can afford. Try our FREE quote comparison tool by simply entering your ZIP!

One company to compare would be HSBC auto insurance. HSBC offers a variety of personal and business services including banking, loans, investment opportunities, annuities, asset protection, credit cards and auto loans. They also partner with auto insurance providers throughout the United States to offer cheap auto insurance.

About HSBCs

Beyond HSBC auto insurance, some quick facts about the company include:

• One of the ten largest bank holding companies
• Has over $340 billion in assets
• Rated A+ by A.M. Best
• Has over four million customers
• Offers all types of insurance including auto insurance

Founded in 1861, the company’s North America headquarters are located in Buffalo New York and if you finance your vehicle with HBSC, they will also be able to provide you with an insurance quote via one of their state affiliates.

It is important to note that HSBC auto insurance is provided through selected insurance agencies and while these agents can offer an HSBC vehicle policy, coverage from HSBC may not be available in every state.

Quotes, Customer Service and Claims

When conducting auto insurance comparison, a trip to HSBC’s website and you’ll find to gain a quote on auto insurance you are taken off-site via their affiliate link. In fact, once you’re on the affiliate link, you’ll find they quote more than just HSBC. However, any website that can offer quotes from more than one company is always a good choice.

As far as customer service, that will depend on the insurance agency affiliate of HSBC. Because they do not offer auto insurance directly from their website, customer service is provided by their partnerships with insurance agencies. HSBC also doesn’t take direct complaints from its customers who obtain HSBC auto insurance—this is left to the independent agency that sells the policy.

Claims are handled via independent agents of HSBC and are easily handled via online account management or telephone.

Each HSBC agent also offers online venues where you can pay your auto insurance premium and print out insurance cards and find questions about your policy.

Why Comparing Is Key

Today’s consumers are savvy and just as they look at many vehicles or homes before making a final decision. The same is true for auto insurance. Picking the first company you find is never a good idea. Nor is it a good idea to rely on what you see on television without investigating the company.

Some important questions to ask when comparing auto insurance companies include:

• What is their A.M. Best rating. A rating of A or A+ is your desired target.
• How many customers do they have?
• How does the claim process work?
• What kind of payment options are available? Can you pay online?
• Are they aware of the legal requirements for insurance in your state?
• If you have a lienholder or your vehicle is financed, can they provide the lender with proof of insurance?
• Do they offer the ability to make changes to your policy online?
• Can you print additional insurance cards online?
• Do they offer a list of authorized repair centers?
• Will they revisit your policy on an annual basis to ensure you have the best coverage?

All of these questions will aid you in making a more informed decision on which auto insurance company to choose.

The agents you speak to should also be aware of the types of available deductibles, comprehensive and collision insurance and third-party insurance.

What If You Skip the Comparison?

Unfortunately, if you choose not to compare many auto insurance companies you could end up with the wrong coverage. Or, the agent you speak to may not be versed in what’s required in your state to be in compliance.
In addition, a very low premium may mean you only have third-party insurance which only covers the other guy and their vehicle if you are in an accident.

Further, not all insurance companies are equal in quality customer service and claims processing. For example, you may find a premium you like and the coverage you want, but if you have to file a claim, your agent or the company is impossible to get a hold of. Enter your ZIP in our FREE quote generator to start saving money today!

Final Thoughts

Instead of playing the auto insurance guessing game, take your time before you choose a policy. And, wherever you buy a new or pre-owned vehicle, you shouldn’t take the advice or recommendation of the salesperson.

Everyone has a choice when it comes to auto insurance so before you choose, compare and compare all auto insurance companies until you are satisfied the company you choose is right for you.