Insurance Companies
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NY_Yankees_Fan
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Ambest is the place to go for insurance ratings
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More info here
In 2001, American National Insurance Company of Galveston, Texas acquired Farm Family Holdings, Inc. Farm Family brings to this merger an expertise in serving the agricultural and related markets. Through its property/casualty subsidiaries, American National will offer the specialized agribusiness products designed by Farm Family to the communities they serve.
web page
American National Insurance Company's Ratings
A.M. Best's Rating: A+ (Superior)
A.M. Best Company, independent analysts of the insurance industry since 1899, has assigned American National Insurance Company its rating of A+, the second out of 16 ratings. Best’s ratings are assigned after an extensive analysis using a series of profitability, leverage and liquidity tests which measure performance in such vital areas as competency of underwriting, control of expenses, adequacy of reserves, soundness of investments, and capital sufficiency. For more information on Best's rating of American National Insurance Company, view the ratings report.
A.M. Best ratings were reaffirmed in August 2004 based on 2003 financial results.
Standard and Poor's Rating: AA (Very Strong)
Standard and Poor’s has assigned its AA rating of financial strength to American National Insurance Company, the second out of 8 ratings. This rating reflects the company’s extremely strong capitalization and operating performance and very strong liquidity and business position.
Standard and Poor’s, a division of The McGraw-Hill Companies, Inc., provides independent financial information, analytical services, and credit ratings to the world's financial markets. For more information on Best's rating of American National Insurance Company, view the ratings report.
web page
You need to log in which is free.
More info here
In 2001, American National Insurance Company of Galveston, Texas acquired Farm Family Holdings, Inc. Farm Family brings to this merger an expertise in serving the agricultural and related markets. Through its property/casualty subsidiaries, American National will offer the specialized agribusiness products designed by Farm Family to the communities they serve.
web page
American National Insurance Company's Ratings
A.M. Best's Rating: A+ (Superior)
A.M. Best Company, independent analysts of the insurance industry since 1899, has assigned American National Insurance Company its rating of A+, the second out of 16 ratings. Best’s ratings are assigned after an extensive analysis using a series of profitability, leverage and liquidity tests which measure performance in such vital areas as competency of underwriting, control of expenses, adequacy of reserves, soundness of investments, and capital sufficiency. For more information on Best's rating of American National Insurance Company, view the ratings report.
A.M. Best ratings were reaffirmed in August 2004 based on 2003 financial results.
Standard and Poor's Rating: AA (Very Strong)
Standard and Poor’s has assigned its AA rating of financial strength to American National Insurance Company, the second out of 8 ratings. This rating reflects the company’s extremely strong capitalization and operating performance and very strong liquidity and business position.
Standard and Poor’s, a division of The McGraw-Hill Companies, Inc., provides independent financial information, analytical services, and credit ratings to the world's financial markets. For more information on Best's rating of American National Insurance Company, view the ratings report.
JerryG
Super Member
We have had Columbia Mutual through a independent agent for about 20 years on our autos. They pay off with only the adjuster and one estimate. It is also the least expensive that we can get for the coverage.
As far as farm and home coverage goes, we have Farmers Mutual. I had Farm Bureau, but they got to expensive. We saved about 50% going with Farmers Mutual for more coverage.
Don't anyone ask about medical coverage. /forums/images/graemlins/mad.gif
As far as farm and home coverage goes, we have Farmers Mutual. I had Farm Bureau, but they got to expensive. We saved about 50% going with Farmers Mutual for more coverage.
Don't anyone ask about medical coverage. /forums/images/graemlins/mad.gif
LBrown59
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Thanks roughcut. I've been reading through their page. Got a bit nervous there for a second... I didn't see PA listed. It was way at the end.I bookmarked the site. I want to get the list from my agent of who all he contacted before I start with more companies. (I'm not going to look at companies that already turned down the business through the agent).Hmmm. Still wondering as I wrote that</font>
I've never been turned down for any insurance, credit, financing... but now I am because I have too many things to insure?!?!? Still makes no sense to me.
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Most people don't realize that shopping for home and auto insurance can hose your credit score and trash your credit rating.
This could be the real reason behind being turned down.
I've never been turned down for any insurance, credit, financing... but now I am because I have too many things to insure?!?!? Still makes no sense to me.
=======
Most people don't realize that shopping for home and auto insurance can hose your credit score and trash your credit rating.
This could be the real reason behind being turned down.
</font><font color="blue" class="small">( Most people don't realize that shopping for home and auto insurance can hose your credit score and trash your credit rating.
This could be the real reason behind being turned down.
)</font>
I found out the reason they turned me down. Donegal doesn't want to insure more than 3 vehicles for 2 drivers. Their reasoning is that if you have too many vehicles laying around, they may be more suseptable to vandalism or potential damages from sitting around outside.
To give an update back to my original post:
AIG doesn't offer the liability coverages I was looking for on the cars (250/500 liability, stacked). For the ATV's and stuff, they were actually higher than State Farm.
For Donegal, I moved 3 cars to them for now (the remaining cars will remain on State Farm). Homeowners is still up in the air. Remaining policies will remain with State Farm.
To my surprise, State Farm was very competitive to many of the other insurance companies. Having no claims gives me discounts whereby they were actually cheaper for some of the policies.
This could be the real reason behind being turned down.
)</font>
I found out the reason they turned me down. Donegal doesn't want to insure more than 3 vehicles for 2 drivers. Their reasoning is that if you have too many vehicles laying around, they may be more suseptable to vandalism or potential damages from sitting around outside.
To give an update back to my original post:
AIG doesn't offer the liability coverages I was looking for on the cars (250/500 liability, stacked). For the ATV's and stuff, they were actually higher than State Farm.
For Donegal, I moved 3 cars to them for now (the remaining cars will remain on State Farm). Homeowners is still up in the air. Remaining policies will remain with State Farm.
To my surprise, State Farm was very competitive to many of the other insurance companies. Having no claims gives me discounts whereby they were actually cheaper for some of the policies.
riptides
Super Member
And while shopping for insurance, it came as a complete surprise to me that if we owned a certain breed of dog we would be dropped.
So if I had not been shopping, but went for a dog instead, I wonder what would have happened?
Incredible stuff these days.
-Mike Z. /forums/images/graemlins/grin.gif
So if I had not been shopping, but went for a dog instead, I wonder what would have happened?
Incredible stuff these days.
-Mike Z. /forums/images/graemlins/grin.gif
LBrown59
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</font><font color="blue" class="small">( while shopping for insurance, it came as a complete surprise to me that if we owned a certain breed of dog we would be dropped.
.
-Mike Z. )</font>
*`*`*`
Most Home insurers will drop you or refuse to insure you if you have a trampoline.
My brothers home owners insurer threatened to cancel his house insurance because he had an old deep freeze out behind his house.
He had to get it off his property to keep his coverage.
The dog issue fits right in with these.
.
-Mike Z. )</font>
*`*`*`
Most Home insurers will drop you or refuse to insure you if you have a trampoline.
My brothers home owners insurer threatened to cancel his house insurance because he had an old deep freeze out behind his house.
He had to get it off his property to keep his coverage.
The dog issue fits right in with these.
yes, dogs, trampolines and ATV are big no-no's to alot of companies...yet swimming pools are a non-issue...go figure
The lady from Travelers just about hung up on me after i mentioned we had a trampoline, even if we got rid of it. She said "I can no longer talk to you regarding your insurance, but would you like to purchase your auto insurance through us now?" yeah right...i have since given away the trampoline...
the AKC web page has a big section devoted to dogs and homeowners insurance company policies.
and lastly, Farm Family has no restrictions on pets or ATV usage...and (in my case) they are cheaper to boot!
The lady from Travelers just about hung up on me after i mentioned we had a trampoline, even if we got rid of it. She said "I can no longer talk to you regarding your insurance, but would you like to purchase your auto insurance through us now?" yeah right...i have since given away the trampoline...
the AKC web page has a big section devoted to dogs and homeowners insurance company policies.
and lastly, Farm Family has no restrictions on pets or ATV usage...and (in my case) they are cheaper to boot!
Dargo
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I'm not pleased with the huge jump my homeowners insurance has taken in the last two years, but I've not been able to beat my prices anywhere else. I've been with State Farm for over 20 years with zero claims, so apparently that helps my rate with them. One thing interesting is that I have two trampolines (5 kids - they were always fighting over one), two UV's, 7 vehicles (one with over 600hp), two tractors, a fork lift, a swimming pool, a diving board, a lake, and three dogs (one of them big). It sounds like I'd hit just about every "no-no" on a policy. /forums/images/graemlins/blush.gif
Many insurance companies are now making a person's credit rating a major factor in their premium pricing. One caveat in that, is that if you actually apply (and the insurance company pulls a bureau), the number of credit inquiries you have will lower your credit score. If you have 3 or more credit inquiries within any 12 month period, your credit score will drop for each inquiry. Any more than 2 inquiries within a 12 month period lowers your score. I know all three major credit bureau companies use that same policy. If you inquire on your credit score yourself, it does not count as an "inquiry", and will not lower your score.
Knowing that, when I recently shopped for insurance, I would not give the insurance company permission to pull my credit bureau. I told them my score and asked for them to quote me their rate based upon that score. If their rate was something that I would want to go with, I told them that I would then give them permission to pull a credit bureau on me to verify my score; but not before. It is generally a good idea to do that when shopping for insurance, cars, tractors etc. If you allow each dealership to check your credit score, after 2, your score will begin to drop. I figure that if they won't quote me based upon what I tell them my score is (and of course verify what I tell them if I choose to do business with them), I don't need to do business with them. /forums/images/graemlins/shocked.gif
Many insurance companies are now making a person's credit rating a major factor in their premium pricing. One caveat in that, is that if you actually apply (and the insurance company pulls a bureau), the number of credit inquiries you have will lower your credit score. If you have 3 or more credit inquiries within any 12 month period, your credit score will drop for each inquiry. Any more than 2 inquiries within a 12 month period lowers your score. I know all three major credit bureau companies use that same policy. If you inquire on your credit score yourself, it does not count as an "inquiry", and will not lower your score.
Knowing that, when I recently shopped for insurance, I would not give the insurance company permission to pull my credit bureau. I told them my score and asked for them to quote me their rate based upon that score. If their rate was something that I would want to go with, I told them that I would then give them permission to pull a credit bureau on me to verify my score; but not before. It is generally a good idea to do that when shopping for insurance, cars, tractors etc. If you allow each dealership to check your credit score, after 2, your score will begin to drop. I figure that if they won't quote me based upon what I tell them my score is (and of course verify what I tell them if I choose to do business with them), I don't need to do business with them. /forums/images/graemlins/shocked.gif
mikim
Veteran Member
Please explain how one goes about checking that score on his own. Is there a website for it? ??? I'd love to find out for myself and keep annual tabs on that.
