automobile insurance
Ratings - How do you find out?
How do you know if the automobile insurance company
that you are about to buy from will be around when you need
to file a claim? Will they have the financial resources to
pay its claims and how quickly?
The major insurance automobileries are like blue
chip stocks that tend to have solid financial balance sheets
but to get the lowest possible premiums you might have to
turn to smaller automobile insurance companies which may not be
a stable. There are a few credit-rating companies that rate
insurers for their claims processing abilities and financial
strengths:
- Standard
& Poor's
- Moody's
Investors Service.
- A.M.
Best Co.
- Fitch
Ratings
- Weiss
Ratings.
Go with automobile insurance companies that have
the highest rating that you can afford. There is usually a
direct relationship between the rating and the premium amount.
Remember before you by your policy check out the companies
automobile insurance rating.
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