An insurance financial rating is an independent evaluation of the financial strength and stability of an insurance company. Each institute bases its evaluations in different factors and methodology.
Why is an Insurance Financial Rating important when choosing a motorcycle insurance provider?
An insurance financial rating is important because it is an indicator of an insurer’s current financial status and its ability to pay claims.
What is Rider Insurance Company’s Insurance Financial Rating?
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of A- to Rider Insurance Company (Rider) (Woodbridge, NJ). The outlook assigned to these Credit Ratings is stable.
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Plymouth Rock Assurance is a marketing name used by a group of separate companies that write and manage property and casualty insurance in multiple states. Motorcycle insurance in New Jersey is underwritten by Palisades Safety and Insurance Association and Rider Insurance Company. Motorcycle insurance in Pennsylvania is underwritten by Rider Insurance Company. Each company is financially responsible only for its own insurance products. A complete list of all state licensed insurance companies is available by clicking on the “States Licensed & Disclaimers” link below. Actual coverage is subject to the language of the policies as issued by each separate company. Some discounts, coverages, payment plans, features and benefits are not available in all states and companies, and premiums may vary by purchase method.