AM Best –

Big or Small Insurance Companies – Which Are Better?

“But I’ve never heard of them!”  Is that your first reaction when you are offered an insurance quote from an unfamiliar company?  While there is a certain comfort level in going with someone you’ve heard of hundreds of times before, that shouldn’t be the only factor in choosing an insurance company.  Fortunately there’s a free easy way to find out whether that little company is really a quiet giant in the insurance industry.

AMBest.com constantly monitors the financial strength of each insurance company, securing information and wading through countless bits of data that you or I would never consider.  They’ve been doing it for over 100 years, and are considered the premiere monitoring service in the industry.

As you’ve been exploring different insurance providers, no doubt you’ve come across ratings like A++ or B+ on various companies.  That is an indication of each compay’s financial strength and ability to meet their ongoing obligations to policyholders, assigned by AM Best.  The scale ranges from A++ to F, though I would never consider purchasing insurance from any company with a rating lower than a B+.

Consumers can obtain basic information from AMBest free of charge, just by registering with the company.  Don’t worry, you won’t be inundated with emails or phone calls from insurance agents if you do register; in fact, you can opt out of all communications.  It’s an important step in your hunt to find insurance to protect you and your family.