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).

Where to Get Cheap Rates With A-rated Companies
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