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Online Vehicle Insurance – Using Rating Agencies

Posted on Friday, Sep. 16th 2022 10:41 AM by Carol in Vehicle Insurance No Comments »

Rating agencies are available online and are a valuable resource to help motorists make a well informed decision before choosing a insurance company. These agencies use certain tiers which they place insurers in based on their financial stability; for example, one agency uses letter grades similar to school grading.

If a carrier receives an “A” then they are regarded as having an excellent ability to compensate policyholders, a “D” letter grade would indicate a weak ability to fulfill obligations. These agencies are a well trusted source of information and commonly suggested by government websites; the Illinois Department of Insurance website provides a list of rating agencies and will even provide company ratings to residents.

Posted on Friday, Sep. 16th 2022 10:41 AM | by Carol | in Vehicle Insurance | No Comments »

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