September 18, 2009, Newsletter Issue #186: Using Standard & Poor's Credit Index to Compare Auto Insurance

Tip of the Week

Standard & Poor's is a credit rating agency for companies that can help you determine the financial standing of a car insurance company. This can help when you compare auto insurance options. The companies receive ratings between AAA (the highest) to CC. The letter grades are sometimes modified by a + or mark. When you use Standard & Poor's rating to compare auto insurance companies choose a company with at least a BBB or better rating. Sometimes auto insurance companies will post their Standard & Poor's ratings directly on their website. If this rating is missing, you can go directly to Standard & Poor's website to research your potential auto insurance provider.

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Barbara Gibson