What Are the Top Homeowners Insurance Companies?
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The top homeowners insurance companies are evaluated by J.D. Power and Associates each year. They give awards annually which evaluate many different components of insurance satisfaction and performance. The components are pricing, billing and payment, policy offers, ease of contacting the insurer, and overall best experience. The combination of these categories creates the ranking for the best and worst insurance companies.
For the past 8 years, the top award has gone to Amica Mutual. In 2009, this 102 year old company received a perfect rating in all 5 categories evaluated. They have 34 regional offices across the United States in order to respond to every kind of disaster.
Next up came Auto-Owners which, despite its name, also covers home insurance. Rounding out the top five were Erie Insurance, State Farm, and Cincinnati Insurance.
The bottom of the list was occupied by Traveler’s Insurance, the Fireman’s Fund and AIG insurance.
The J.D. Powers and Associates poll shows that you should shop for homeowners insurance on more than price alone. Service is an important measure in your overall satisfaction.
You should also make sure that when you are price shopping that the policies you are comparing have the same kinds of coverage. It’s easy to have the lowest price when you are offering more limited coverage.
If you are looking for the top homeowners insurance companies, you should also ask your friends and neighbors if they are satisfied with their own insurance. You may get leads on good local companies or on national companies with good regional service offices.
If you are going to select a smaller local or regional insurance company, go to the AM Best Website to make sure their financial situation is such that they could pay out even if a major catastrophe hit the region. The last thing you want is for your insurance company to go under when you need them most.
And that is how you find the top homeowners insurance companies.
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