Top Homeowners Insurance Companies
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.
In 2009, as in the last 7 years, the top award wen tto Amica Mutual. They received 5 stars in every category. Amica has 34 regional offices across the United States.
The top five insurance companies were Amica, Erie Insurance, State Farm, Auto-Owners (which covers home owners as well as cars), and Cincinnati Insurance.
Traveler’s Insurance, the Fireman’s Fund and AIG insurance all tied for last place.
Your overall satisfaction with your homeowners insurance will boil down to more than the bottom line. If you want good customer service, price is only one component.
Another thing you should consider when price shopping is if the policies you are comparing offer the same coverage package. Many companies that claim to have the lowest prices also have limited coverage.
Another way to look for the top homeowners insurance companies is to ask friends and neighbors if they are satisfied with their own insurance. Sometimes a company has regional service that may not be reflected in their national ratings (good or bad.)
As a precaution, if you do choose a local or regional insurer over a national one, go to the AM Best website to look at their financial situation. You want them to be able to pay out even if a major catastrophe hit the region. You don’t want your insurance company to go bankrupt when you need them the most.
That is the way to find the top homeowners insurance companies
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