Quote Unquote - July 22, 2009
Q) My auto
insurance policy shows that I am a six-star driver. Is this the best rating
that I can get?
A) Star ratings
vary from company to company. The best star rating that onecompany
offers might be a six-star (at-fault and accident-free for six years, even
though you may have been accident-free for 20 years) while another company may
offer a 10-star (at-fault and accident-free for 10 years). You may think that
10-star drivers are paying less for their car insurance, but this isn't
necessarily true.
Each insurance company has its own "best star rating" that
it offers. Whether you have a six-, eight- or 10-star driving record according
to your insurance policy, check with your agent or broker to make sure that you
are obtaining the best rating the company offers for your driving profile.
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