- Select market expertise in New Jersey, Maryland, and Pennsylvania
- 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
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|
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
|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.
Related Article: ValuePenguin's Picks for the Best Auto Insurance Companies