IFA Insurance

IFA Insurance

IFA Insurance

Find the Cheapest Insurance Quotes in Your Area

Currently Insured?

 Pros

  • Select market expertise in New Jersey, Maryland, and Pennsylvania

 Cons

  • Higher auto insurance premiums than average (in New Jersey)
  • Customer service seems to be spotty and inconsistent and higher than average complaint index

Auto Insurance Premiums Higher than Average

We've included sample premiums for four demographic profiles in New Jersey from IFA below. Outside of young and single female drivers, the other groups of married middle-aged couple and single males at IFA cost much more than the average of almost sixty auto insurance companies surveyed in NJ. The sample premium for married couples alone was about 72% or $1,719 more than the aggregate average. To give readers a benchmark of what cheaper auto insurance can cost, we've included Liberty Mutual's sample premiums in the comparison table below. For the same married couple, the cost of auto insurance at Liberty Mutual would have been $1,526, beating even the average. To see what other companies are providing cheap auto insurance in your area, enter your zip code into the box below.

Find the Cheapest Auto Insurance Quotes in Your Area

Currently Insured?

IFA Car Insurance Quote Comparison

Here's a look at a few sample IFA auto insurance quotes:

Driver Profile IFA Liberty Mutual State Average
Married Couple (New Jersey) $4,106 $1,526 $2,387
Unmarried Female, Age 23 (New Jersey) $619 $996 $889
Unmarried Male, Age 23 (New Jersey $2,618 $2,149 $2,254
Unmarried Male, Age 35 (New Jersey) $1,983 $1,633 $1,636
  Get an IFA quote Get a Liberty Mutual quote  

IFA Auto Insurance Policy & Coverage

IFA offers the typical standard bundled auto insurance packages, but allows prospective customers the option of tailoring liability and benefit limits. IFA's online quote system is straightforward to use. We came across a few interesting questions in their quote system that we haven't encountered before. IFA asks for details on where the insured vehicles are parked (street vs. garage), and what tort options are (for a sample rate in NJ - whether you want the option to sue another driver for any bodily injury as opposed to just permanent bodily injury). There aren't that many questions, and it's a rather quick process to get a quote proposal. 

With IFA Auto Insurance customers can opt for time different timelines when they're looking to purchase their policy, 6-months or 12-months. The differences basically boil down to this: a 6-month commitment is more desirable because it gives you flexibility to switch insurers if you find out you don't like IFA. Some people enjoy this shorter term commitment. On the flip side, a 12-month commitment allows you to lock in today's rate for the duration of the year. If you opt for the 6-month policy you'll have to undergo a review at the end of 6 months in which your rates could go up. Also, 12-month policies will many times have lower premiums than their 6-month counterparts.

Insurer Ratings and Financials

Metric Rating
AM Best Financial Rating (2013) B-
AM Best Issuer Credit Rating (2013) aa
Better Business Bureau Rating (2013) A-
NAIC Complaint Index (2012) 1.50 (Worse than Average)

Auto Insurance Discounts at IFA

Discount Type Discount Amount
Group / Corporate Discounts through Affinity Auto Insurance Program 10 - 40%
Payment in Full Estimated 5%

While the company offers the typical basket of discounts on their car insurance premiums, estimates of the amount are not available. 

How to File a Claim with IFA Insurance

To report a claim with an IFA Insurance representative: 

Telephone Number: (877) 432-2277

  • Press 3 to file a claim
  • Press 1 to file a new claim

To speak to a customer care representative at IFA Insurance, call (877) 432-0292

  • Press 4 to speak with an operator
  • Ask operator to connect you with Customer Service

About IFA Insurance Company

IFA Insurance Company is headquartered in Clark, New Jersey and operates in three states: New Jersey, Maryland, and Pennsylvania. They provide auto insurance through an independent-agent model which they've been using for over 40 years.

Company website: www.ifaauto.com

Related Article: ValuePenguin's Picks for the Best Auto Insurance Companies

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