Understanding your auto insurance company’s financial strength is important to protect your lifestyle and future financial well being. Insurance agents, brokers, financial advisors, and other insurance professionals have long used AM Best’s Financial Strength Ratings to help support their insurance selection and investment choices. It’s now recommended consumers also utilize Best’s ratings to understand their insurance company’s strengths.
Companies such as Founders Auto Insurance are found on the AM Best ratings list. Founders Insurance received an A- as of July 2010 which is considered excellent. This excellent rating is very important to the well being of the company. Best’s Financial Strength ratings offer an independent evaluation from a third party to assist in determining the ability of an insurance company to fulfill its obligations with regard to a variety of insurance products, including auto insurance coverage.
The AM Best rating process gives all insurance companies the same rigorous review which provides an extremely valuable benchmark for comparing insurance companies against each other. Companies can receive ratings from an A++ all the way down to an F which usually means the company is in liquidation. A B or below is considered a vulnerable rating whereas a B+ or above indicates secure financial strength.