About :
Founded in 1907, they are one of the oldest Rhode Island based insurance company. They offer auto, home and life insurance. They are rated as the top most insurance company for home, renters and condo owners.
Highlights (Pros) :
- Coverage includes weather related damages due to storms, lightning, hail, wind, freezing, rain, ice, snow, sleet. Also covers damage to property from theft, vandalism, riots, aircrafts and vehicles.
- Insurance discount includes alarm system, autometic temperature and gas detection systems, new/remodel home credit, multi policies, claim free, auto pay, loyalty, e-discount, paperless.
- Unique to them is covering increased dwelling and personal property replacement coverage, coverage for water backups and sump pump overflows, fraudulent credit card charges.
- Affordable premiums and some policies pay cash dividend.
- A+ rating from A.M. Best .
Lowlights (Cons) :
- Only available for east and midwest US.
- They done have smartphone app.
About :
Founded in 1925, they are publicly held insurance company providing services through network of independent agents. They offer auto, home, commercial and life insurance. They are rated as the second best insurance company for home.
Highlights (Pros) :
- Coverage includes weather related damages, damage to property from theft, vandalism, riots, aircrafts and vehicles. Also includes guranteed replacement cost, servic line protection, home business protection, rental income protection.
- Insurance discount includes multi policy discount, safety systems, advanced quote.
- Cheapest rates compared to other providers.
- Standard policies include replacement coverage costs.
- A+ rating from A.M. Best.
Lowlights (Cons) :
- Not available in all states.
- They dont use local agents.
About :
Founded in 1916, they are mutual insurance insurance company providing services through network of independent agents. They offer auto, home, business and life insurance.
Highlights (Pros) :
- Coverage includes flood insurance, homeowners plus, service line coverage, appliance seepage and leakage, enhanced coverage.
- Insurance discount includes multi policy discount, protective devices discount, ontime payment.
- Offers competitive premiums.
- A++ rating from A.M. Best.
Lowlights (Cons) :
- Not available in all states.
- No earthquake coverage is available.
- Insurance only sold through independent agents.
About :
Founded in 1931, they are one of the biggest companies. Esurance is a subsidiary of Allstate that targets online driven customers. They also offers wide varities of coverage including auto, home, life, employee benefits, investments, roadside assistance etc.
Highlights (Pros) :
- Coverage options identity theft protection, water backup, scheduled personal property, business property, sports equipment, green improvement reimbursement, yard and garden, musical instrument coverage.
- Insurance discount includes multi policy, easy pay plan, claim-free discount, protective device discount, early signing, welcome and loyalty, homebuyer, age 55 and retired discount.
- Easy option to file claim online or talk to local agents.
- They have A+ rating from A.M.Best.
Lowlights (Cons) :
- Coverage is not available in some coastal cities.
- Their rates tends to be expensive with moderate customer satisfaction.
About :
Founded in 1922 by 25 army officers who decided to insure each others vehicales. Today the company is known to provide services to the military community and their families. They offer coverage to active or former military, elligible family member, cadet and midshipman. Their products include auto, home, renters, life, property, annuities, small business and umbrella.
Highlights (Pros) :
- Coverage options include flood insurance, personal umbrella policy, earthquake, valuable personal property, business insurance.
- Insurance discount includes multi policy, claim-free, home-age, impact resistance roof, firewise, protective device discount, membership loyalty, good payment history.
- Easy option to file claim online using app with payment flexibility.
- They have one of the higest satisfaction rating in all categories.
- They have A++ rating from A.M.Best.
Lowlights (Cons) :
- Eligibility limited to military community.
- No local agents available.
About :
Founded in 1810, they started as a fire insurance company now offering various portfolios of insurance for homes, condos, renters, business, personal liability, workers compensation, property, fire, vehicles, health and life.
Highlights (Pros) :
- Coverage options include flood insurance, full replacement cost, umbrella, new for old protection, replacement plus coverage, water backup and sump pump overflow, green rebuilding, equipment breakdown coverage, assisted living care, land stabilization, reimbursement for replacing locks.
- Insurance discount includes multi policy, AARP discount, home security systems, protective devices credits, retiree credit, dissapearing property deductible.
- Deductibles can decrease over time without a claim.
- Identity theft coverage includes 24/7 customer support.
- They have A+ rating from A.M.Best.
Lowlights (Cons) :
- New policies not available in state of Florida.
- Some optional coverages are only available as add-ons on select packages.
About :
They are one of the biggest insurance providers with largest market share. Founded in 1922, they are know for providing auto, home, disability, motorcycle, small business, boat, life, supplemental health, medicare supplement and renters insurance.
Highlights (Pros) :
- Coverage options include flood insurance, earthquake coverage, full replacement cost, energy efficiency upgrade, umbrella coverage, personal injury liability, cyber theft identity crisis, home systems protection, off-premises structure, adult day care, depreciated loss, service line.
- Insurance discount includes multi policy, claimfree discount, roofing materials, home alert protection.
- A++ financial rating from A.M. Best that helps proving their capability to pay claims without any issues.
- Policyholders have easy option to file claim online or talk to local agent (18000 plus).
- Coverage for energy-efficient appliances available.
- Reduced rates for damage resistant roof offered.
- Coverage for utility lines and waterbeds offered.
Lowlights (Cons) :
- They earned three out of five stars in overall satisfaction, estimation process, repair process and settlements according to 2019 J.D. Power satisfaction study.
- Definitely not the cheapest but competitive.
- Flood insurance requires separate policy.
About :
Founded in 1928, they started providing coverage to rural farmer's vehicles. Today they offer wide varities of coverage including auto, home, life, motorcycles, business, boats, pets etc. and is well know for wide network and excellent disaster response.
Highlights (Pros) :
- Coverage options include flood insurance, earthquake coverage, personal articles floater, extended replacement, green building, building ordinance or law coverage, contents replacement coverage, identity theft, umbrella coverage.
- Insurance discount includes farmers occupation, multipolicy, claim-free, claim forgiveness, good payer, security upgrades.
- Easy option to file claim online or talk to local agents.
- They have A rating from A.M.Best and A+ from BBB.
- Discounts available for teachers, doctors and certain other professions.
- Deductibles decrease over time for no claims being made.
- Claim forgiveness prevents a rate increase for longtime after first claim is made.
Lowlights (Cons) :
- They earned three out of five stars in overall satisfaction according to 2019 J.D. Power US satisfaction study.
- If only one policy is needed without bundling, they tend to be very expensive.
About :
Founded in 1912, they are one of the top insurance companies in the US. Auto insurance is biggest part of their business. They also offers wide varities of coverage including auto, home, life, motorcycles, business, boats, pets etc.
Highlights (Pros) :
- Coverage options include scheduled items, flood insurance, earthquake coverage, personal property, umbrella, inflation protection, water backup and sump pump overflow, identify fraud protection.
- Insurance discount includes multipolicy, claims free discount, protective devices, newly purchased home, safe homeowner program, early shopper credits, preferred payment, military discount, new roof discount.
- Easy option to file claim online or talk to local agents.
- They have A+ rating from A.M.Best.
Lowlights (Cons) :
- They earned three out of five stars in overall satisfaction according to 2019 J.D. Power US satisfaction study.
- Their customers rank the claims satisfaction process as below average.
- Relatively expensive than others and optional coverages can quickly increase premiums.
About :
Founded in 1926, Nationwide mutual insurance company and affiliated companies are group of large US insurance anf financial services company. They sell much more than auto insurance and provide coverage for homes, farms, pets, RVs. They also offer investment products such as pension plans, savings plans, annuities and mortgages.
Highlights (Pros) :
- Coverage options identity theft, valuables plus, replacement cost plus, water back-up, flood insurance, earthquake, brand new belongings, better roof replacement.
- Insurance discount includes multi policy, protective device, claims free, home renovation credit, roof rating discount, home purchase, prior insurance.
- Easy option to file claim online or talk to local agents.
- They have A+ rating from A.M.Best and from BBB.
Lowlights (Cons) :
- They earned two out of five stars in overall satisfaction according to 2019 J.D. Power US claims satisfaction study.
- Number of complaints and negetive satisfaction ratings from customers in processing claims. Various also cited miscommunications regarding claims.
- Wide variety of options available that can quickly drive up the premiums.
Something to consider before shopping for Home insurance.....
1. Types of coverage that can be included are fire or smoke, explosions, lightning, hail, windstorms, theft, vandalism, damage from vehicles, riots and civil violence, volcanic eruption, earthquake.
2. No need to insure at market value. Typically its insured at cost to rebuild.
3. Your coverage is meant for huge losses so it make sense to have higher deductible to keep the premiums lower.
4. Cover your assets and shield yourself from liablities.
5. Shop arround till you get all coverages you want at affordable prices by bundling with other policies.