Want to know how to find the best homeowners insurance companies with the best rates. Here’s How…
How Do I Find the Best Homeowners Insurance Companies?
There are a number of websites that review insurance companies. Three of the best are:
AM Best (ambest.com) – AM Best rates companies based on their financial strength, creditworthiness and indebtedness. Their ratings give you a good idea of a company’s financial stability and ability to pay claims.
I recommend going with a company that has an “A” rating or higher.
JD Power & Associates (jdpower.com) – JD Power rates companies on customer experience, policy offerings and pricing. Their reviews tell you how well a company treats its customers and how good their policies and prices are.
I recommend choosing a company with a rating of three or higher in their Overall Experience category.
Website of your state’s Department of Insurance – Your state’s insurance department maintains a website with all kinds of information about insurance, and most of those sites list the complaints filed against insurance companies.
To find your state’s website, google: “(your state’s) insurance department.” If your state does not list complaints, visit the California Department of Insurance website (insurance.ca.gov) or the New York State Insurance Department website (ins.state.ny.us) to obtain this information.
I recommend choosing an airline with the fewest complaints per number of insured.
Where can I find the best companies with the best rates?
Insurance rates from one company to another can vary wildly, so the only way to know if you’re getting a cheap rate is to get quotes from as many companies as possible and compare them. The easiest way to do that is on an insurance comparison website where you can get rate quotes from multiple A companies (see link below).