Who are the Top-Rated Homeowner's Insurance Companies?

who rates insurance companies

By Janet Hunt. Insurance Company Reviews Expert

Janet Hunt has been working in the insurance industry for over 15 years. She began her career as a customer service representative for a well-known insurance carrier.

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Some of the criteria you should look at when finding the best homeowner's insurance company are customer satisfaction. price, financial strength ratings and claims service. Here are some of the top-rated homeowner's insurance companies according to data gathered from Consumer Reports, Insure.com, J.D. Power & Associates, Standard & Poors, A.M. Best and other insurance rating organizations .

Customer Service and Satisfaction

If you have a problem with a claim, billing or with changes to your policy; you need your insurance company to respond promptly whether you are calling a customer service telephone number or asking for assistance through the company's website. The companies listed below all rate highly in customer satisfaction levels. One company that deserves special notice is Amica Mutual. It has the highest customer service rating by J.D. Power & Associates for the past 11 years.

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Price and Policy Value

You work hard for your money and you want to make sure the money you spend for a homeowner's policy gives you the most value for your dollar. A good value in a homeowner's policy gives you the coverage you need at an affordable premium. These companies all rank highly in the area of policy value and affordable premiums. Of these companies, Farmers Insurance. USAA and Country Insurance offer some of the most competitive homeowner's insurance policy premiums .

Financial Strength Ratings

Why should

you be concerned about the financial strength rating of your insurance company. Financial strength ratings measure a company's ability to pay claims to policyholders and meet other financial obligations. You need to know your insurance company will be around to help you when disaster strikes. Here are some of the top-rated homeowner's insurance companies in the area of financial strength according to insurance rating organizations A.M. Best and Standard & Poor's.

Claims Services

A company who provides effective claims service will help you with a claim every step of the way. This includes helping you through the claims filing process, having an adjuster come out to look at your property, making repairs to your home and of course, paying claims in a prompt manner. These companies do it best according to the results of customer satisfaction survey from the top insurance rating organizations. The highest rated companies for claims services are USAA, Amica Mutual, Country Insurance, State Farm and Allstate.

  • USAA
  • Amica Mutual
  • Country Insurance
  • Auto Owner's Insurance
  • American Family
  • State Farm
  • Allstate
  • Chubb
  • Nationwide

When it comes to protecting your family, you have to make sure you choose your homeowner's insurance company wisely. Ultimately, only you can make the decision of what homeowner's insurance company is right for you based on your own unique situation and needs. Do your homework when shopping for insurance. Making comparisons of which companies have the best ratings in customer service, price, financial strength and claims service will help you make the best choice and get the most policy value for your money.

Source: insurancecompanyreviews.about.com

Category: Insurance

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