Homeowners Insurance Company Ratings
What do homeowners insurance company ratings really mean? Choosing a homeowners insurance company can be a big decision, and it is one you will want to be well informed to make.
A great way to compare homeowners insurance companies is by ratings they are given through independent analysis. Companies such as Moody’s and A.M. Best are known for their independent financial ratings of insurance companies, and these ratings can be very helpful in determining a lot about the companies your are considering.
While finding low rates is most likely going to be a huge factor in your decision when choosing a homeowners insurance company, make sure you do your research and find a company who will be able to honor your policy when you need it.
To compare free quotes from top homeowners insurance companies use our free homeowners insurance quote finder.
Homeowners Insurance Company Checklist
Some things you should use to rate a homeowners insurance company include:
- Experience: how long has the company been in business for?
- Policies: What kind of policies can they offer you?
- Claims Handling: What are their claims handling policies?
- Rates: How do their rates compare to their competitors?
- Billing: Can you make payments online?
- Availability: How easy is it to get in contact with your agent or company?
- Customer Service: Do you receive excellent customer service?
- Financial Stability: How financially stable is the company?
Homeowners Insurance Company’s Independent Ratings
Make sure to consider what is most important to you in a homeowners insurance company and then do some research. Check the ratings of home insurance companies you are considering by using a third party source. This way the ratings you see will be unbiased, making them very useful to you in your search for the best homeowners insurance company. Some independent rating companies that can help you make your decision when searching for a homeowners insurance company include:
- A.M. Best
- Standard & Poor’s
- J.D. Power
- Moody’s
- Weiss
Here is a list of some of the top homeowners insurance companies and their ratings (keep in mind that these ratings can change at any time so ask your agent for updated ratings before you decide to purchase):
Liberty Mutual: Standard and Poor’s Rating of A-, A.M. Best Rating of A, Moody’s Rating of A2
Allstate: Standard and Poors Rating of AA, A.M. Best Rating of A+, Moody’s Rating of Aa2
State Farm: Standard and Poor’s Rating of AA, A.M. Best Rating of A++, Moody’s Rating of Aa1
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