Home > Safely Insured > AM Best Ratings

Find the Worst Used Auto Warranties
Companies' Ratings

When you’re searching for the best vehicle extended warranty for your car, be sure the agreement has a guarantee for strong financial stability from insurance backing. Insurance will safeguard you from the worst used auto warranties, the integrity of your warranty experience, and insure the necessary funds to pay for every last claim from every last extended car warranty holder. Ultimately, the insurance company behind the vehicle extended warranties plays just as important role as the administrator (your warranty representatives at Auto-Warranty-One.com).

If you have the insurance company name, you may search and investigate company financial success (or lack thereof such as those with the worst used auto warranties) with the A.M Best Insurance Ratings company, who tests and analyzes company financial-statement data, giving their subjective rating from A to F.

View our bankruptcy alert of the worst auto warranties companies who have recently filed for bankruptcy.

Using the Best rating service to Investigate the Worst Used Auto Warranties

Using A.M. Best Ratings is a free service, however they require the usual sign-up process involving a password, name and email address. You might try this first. From Google type the insurance company name followed by: “AM Best insurance ratings”. Many of these report cards are posted on blogs and other articles. This may make a full registration to AM Best unnecessary. To sign-up with A.M Best Ratings, go to: http://www3.ambest.com/ratings/default.asp

Get Access to the Better Business Bureau (BBB)

I thought the Better Business Bureau was usually reliable and accurate. But upon further investigation, it appears each local bureau sets its own standards for report grades and no bureau has a policing agency of their own, looking after the credibility of each BBB local branch.

We are familiar with an auto warranties company in the Boston area with 29 consumer complaints for 2009 boasting an “A+ rating from their local BBB, while another warranty company in St Louis had 15 complaints in that same year but suffers from a “D+”. The complaints were all of the same nature, the usual over promising and slow response times. Is the Better Business Bureau still a credible source to judge the worst used auto warranties?

The Better Business Bureau can be located at: www.bbb.org