Auto Insurance

Auto Insurance


Automobile insurance is, simply put, a contract between you and an insurance company that protects you against financial loss if you have an accident. Auto insurance policies contain a variety of coverage that you choose depending on your needs. You agree to pay the premium and, in return, the insurance company agrees to pay for certain expenses as defined in your policy. In this section, you will find resources to help answer your questions and to help you understand your options when it comes to auto insurance. 

Quicklinks to Frequently Requested Information

Insurance Company Ratings and Stability

When selecting an insurance policy, you are also selecting an insurance company and you may wish to know how stable that company is financially. Many firms rate the financial soundness of insurance companies. Some provide the ratings free while others charge a fee, ranging from a small fee for an online rating to a larger amount for quarterly reports. Each firm has a different rating scale and firms may differ in the conclusions they reach about a specific insurance company. Therefore, you may wish to check with more than one firm before selecting an insurance company.

Listed below are some of the firms that rate insurance companies along with their phone numbers and web addresses:

Fitch Ratings

Moody’s Investors Service

Standard & Poor’s