Considering the many negative reviews of United Automobile Insurance Company (UAIC), it may be difficult to know whether this company is right for you. This company has a poor financial outlook and poor customer service. Therefore, it is best to obtain multiple quotes from different companies before choosing one. Read on to learn more about this company and whether or not this company is a good choice for you. Here are some things to keep in mind when selecting a company:
United Automobile Holdings, LLC
Victory Park Capital recently made a $45 million investment in Miami Gardens-based United Automobile Holdings, LLC. This investment will strengthen United Auto’s balance sheet, and support numerous growth initiatives in its core markets. Following a strategic repositioning of the company’s business, the auto giant has focused on its leading positions in Florida and Texas. VPC’s founder and CEO, Richard Levy, will join the United Automobile Holdings board of directors.
In addition to its car dealerships, United Automobile Holdings, LLC also provides personal insurance. The company was formed in 1989, and began operation on July 1, 1990. Young America Capital assisted with the financing process. Victory Park Capital, meanwhile, invested $45 million in the company. This investment was the second largest for United Automobile Holdings, LLC since its incorporation. Located in north Miami Beach, FL, the company provides comprehensive insurance services.
Richard Parrillo is a family name. His father, William Parrillo, worked as a U.S. attorney during Prohibition and later practiced criminal defense. He was 13 when his father died. Despite being the company’s founder and CEO, Parrillo is still active in the community. His charitable giving includes scholarships to The Latin School in Chicago, whose tuition is more than $22,000.
The United Automobile Insurance Company is a privately held company, and its CEO is Richard Parrillo. The company offers auto insurance in 12 states, and its agents are licensed and well-trained. Richard Parrillo’s career at United Automobile Insurance Company started in 1989 in Miami Gardens, FL. The company’s founders’ vision was to offer low-cost insurance for every American.
Poor customer service
It’s best to read several reviews before choosing a car insurance company, but many of these reviews have poor ratings. For example, AM Best recently stopped rating United Auto insurance, and Moody’s Investors Services currently does not rate this company. While United Auto insurance has an A+ rating with the Better Business Bureau, there’s a class action lawsuit against the company claiming that its customer service is poor. You can avoid this company by comparing multiple quotes and reading customer reviews.
If you are having trouble obtaining an insurance quote, contact your agent. It can be difficult to get an accurate quote when you can’t get a live agent. To make things worse, the company doesn’t have a mobile app. It is still possible to access your policy and claim online. You may have to wait for some time to hear back from an agent. If that doesn’t help, file a civil remedy notice with the Florida Department of Insurance.
If you’re looking for auto insurance for your teenager or need SR-22 insurance, United Auto Insurance might be a good choice. Although they have excellent online reviews, their customer service is mediocre when it comes to claims. Despite these negatives, United Auto Insurance is a solid choice for teen drivers who need SR-22 insurance. If you’re looking for a cheap auto insurance, though, you can’t do much better than this average company.
Unstable financial outlook
With so many negative customer reviews, it’s easy to see why the United Automobile Insurance Company (UAIC) would have an unstable financial outlook. The majority of the complaints were about delays in processing claims and delays in settling them. While most of the complaints were eventually resolved, the unstable financial outlook could mean bad news for customers. As such, it’s vital that drivers research the company and obtain multiple quotes.