Auto Insurance Ratings
Every insurance company in 03861, NH says that they can save you so much money. Well, you won't know until you give them a call and find out for yourself. One of the things you may find out is a significant difference in the quote from company A to company B.
One reason for that could be the overall ratings for a company. It is important for you to know that whenever an insurance company's sales are down, they will drop their rates to attract more policyholders. If the ratings for company A are up then you will not find very low rates, therefore giving you a quote a little higher than company B.
If you don't already have insurance then you have even more reason to investigate a company's ratings. You should want to know the company's financial strengths that way you'll know if your company will be there when you need them. You might get a better idea how they will respond and protect you when disaster strikes.
Remember, there are claims filed everyday and claims that have to be paid out. If you choose a company with the best financial strength, they will most likely pay your benefits when the time comes to file a claim. Standard and Poor has a rating scale for these insurance company's and its measured in a series of letters, As, Bs, Cs, R, and NR.
Obviously the A's stand for the strongest with AAA being extremely strong and AA being very strong and A as strong. The last two are R and NR, which stand for regulatory action and not rated.
Whenever the consumer wants to buy something credit is always an issue. Every company wants to know including insurance companies what your credit history looks like. Well, for once you have the chance to go into their closet and pull out all of their dirty laundry. You can now assess the creditworthiness of an insurance company's operations. The Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. All of the most important things you need to know before purchasing auto insurance.
If you get the chance to speak with an actual agent don't bank on them giving you a completely honest answer as to what their ratings are. It is important for to know that they will probably give you the rating from the agency that rated them higher and most likely not give you the lower ratings from another agency. That is why it is important to go online and find out for your self. There are so many different sources that you can use to find out this information. Normally you will have S&P, A.M. BEST, MOODY'S, and FITCH. You may want to check all of them being that one agency could give a lower rating than another.