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| Homeowners Insurance Company Ratings - Best Companies, Best Rates |
When you are in the market for home insurance, it's important to not only check the price of coverage, but also to check the homeowners insurance company ratings. Ratings give you information about a company's financial strength, customer service record, claims records, and more that you can use when you shop for insurance.
By taking the time to check these ratings, you can select the best company with the best rates and the most affordable coverage.
How to Check Ratings
It's easy to check the ratings of insurance companies, especially if you go online to the websites for ...
* The Better Business Bureau and your state's Department of Insurance, to see how many complaints have been lodged against insurance companies.
* A.M. Best Company (ambest.com), which evaluates the strength of insurance companies on a scale from AAA (extremely strong) to CC (extremely weak). They also include a rating of R for Under Regulatory Supervision.
* Standard & Poor's (standardandpoors.com), which looks at an insurance company's ability to pay claims and meet financial obligations on a scale from AAA (very strong financial security characteristics) to BBB (good financial security characteristics).
* J.D. Power's (jdpower.com), which conducts consumer surveys and then rates companies on their policy offerings, cost, billing and payment policies, and ease of contacting an agent.
Using Ratings When You Shop for Insurance
Checking homeowners insurance company ratings will help you narrow down your choices when you shop for insurance, especially if you shop online rather than through an agent.
Shopping online through an insurance comparison website gets you access to more quotes more quickly than you can possibly get by visiting an agent. This will help you get the best rate possible for your home.
In addition, you can quickly check the rating of the insurance companies from the website. Most insurance comparison websites only offer quotes from companies that are A-rated or above (see link below). Best Rated Homeowners Insurance Companies
You probably want to go with the safest, most secure homeowners insurance company. You also want to know that you will be able to get the customer service you want in your time of need. This article is going to talk about the three best rated homeowners insurance companies as ranked by J.D. Powers and Associates.
J.D. Powers is an independent company that measures the quality of products and services that consumers purchase. They are not affiliated with any of these companies. They use standardized tools to make sure their evaluations are fair.
The five criteria for the best rated companies are: overall experience, ease of contacting the insurer, policy offerings, billing and payment, and pricing.
Coming in first with five stars across the board is Amica Mutual which has held this position for eight years running. They offer telephone based customer service 24/7. AM Best, a financial services evaluator, has given Amica a A++ or "Superior" rating for financial solvency. The company was originally started as an automobile insurer but has moved to diversify its holdings and now includes home owners policies.
Tied for second are Auto-Insurers and Erie Insurance.
Despite its name, Auto-Insurers now offers home owners protection. They get five stars for contacting the insurer and four stars in the other four categories.
Erie Insurance also gets five stars for contacting the insurer and for stars in the other categories.
While these three companies may not have the name recognition of some of the bigger and more advertised insurance agencies, they do provide outstanding service to their policy holders. That's why they are the best rated homeowners insurance companies.
By taking the time to check these ratings, you can select the best company with the best rates and the most affordable coverage.
How to Check Ratings
It's easy to check the ratings of insurance companies, especially if you go online to the websites for ...
* The Better Business Bureau and your state's Department of Insurance, to see how many complaints have been lodged against insurance companies.
* A.M. Best Company (ambest.com), which evaluates the strength of insurance companies on a scale from AAA (extremely strong) to CC (extremely weak). They also include a rating of R for Under Regulatory Supervision.
* Standard & Poor's (standardandpoors.com), which looks at an insurance company's ability to pay claims and meet financial obligations on a scale from AAA (very strong financial security characteristics) to BBB (good financial security characteristics).
* J.D. Power's (jdpower.com), which conducts consumer surveys and then rates companies on their policy offerings, cost, billing and payment policies, and ease of contacting an agent.
Using Ratings When You Shop for Insurance
Checking homeowners insurance company ratings will help you narrow down your choices when you shop for insurance, especially if you shop online rather than through an agent.
Shopping online through an insurance comparison website gets you access to more quotes more quickly than you can possibly get by visiting an agent. This will help you get the best rate possible for your home.
In addition, you can quickly check the rating of the insurance companies from the website. Most insurance comparison websites only offer quotes from companies that are A-rated or above (see link below). Best Rated Homeowners Insurance Companies
You probably want to go with the safest, most secure homeowners insurance company. You also want to know that you will be able to get the customer service you want in your time of need. This article is going to talk about the three best rated homeowners insurance companies as ranked by J.D. Powers and Associates.
J.D. Powers is an independent company that measures the quality of products and services that consumers purchase. They are not affiliated with any of these companies. They use standardized tools to make sure their evaluations are fair.
The five criteria for the best rated companies are: overall experience, ease of contacting the insurer, policy offerings, billing and payment, and pricing.
Coming in first with five stars across the board is Amica Mutual which has held this position for eight years running. They offer telephone based customer service 24/7. AM Best, a financial services evaluator, has given Amica a A++ or "Superior" rating for financial solvency. The company was originally started as an automobile insurer but has moved to diversify its holdings and now includes home owners policies.
Tied for second are Auto-Insurers and Erie Insurance.
Despite its name, Auto-Insurers now offers home owners protection. They get five stars for contacting the insurer and four stars in the other four categories.
Erie Insurance also gets five stars for contacting the insurer and for stars in the other categories.
While these three companies may not have the name recognition of some of the bigger and more advertised insurance agencies, they do provide outstanding service to their policy holders. That's why they are the best rated homeowners insurance companies.
1 comments:
Write commentsYes I need that kind of company that have a best rates on their insurance policy for home owners insurance. Thanks for sharing those information.
ReplyHome Owners Insurance Ft. Lauderdale