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Car and home insurance fall within the Property and Accident insurance sector. Before buying a car or home insurance policy, you must learn more about the different companies that offer these policies.
In this sense, your goal should be to buy insurance coverage from a company that is financially stable and has a high degree of customer satisfaction regarding claims and billing issues.
There are several independent organizations whose sole purpose is to evaluate insurance companies according to various aspects ranging from financial capacity, payment of claims, history, customer satisfaction, price structure and product offerings.
Below are presented, taking into account the information provided by the three largest independent rating organizations, the top ten car and home insurers in the United States.
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- Amica Mutual
- Self Owners
- Erie Insurance
- State farm
- Cincinnati Insurance
- Alpha
- The Hartford
- American Family
- Allstate
- Liberty Mutual
Amica Mutual
Amica Mutual Insurance Company is based in Providence, Rhode Island, and is a member of the Amica Mutual Group. The company has more than the US $2 billion in assets, a strong long-term vision, and has been rated A ++ (Superior) by AM Best in May 2009. According to JD Power & Associates, “Amica Mutual ranks first for the eighth consecutive year among property insurance companies, a particularly good performance in the five factors that contribute to total customer satisfaction.”
Self Owners
Auto-Owners Insurance Company is based in Lansing, MI, and is a member of the Auto-Owners Insurance Group. The company has more than the US $ 2 billion in assets, a strong long-term vision and has been rated A ++ (Superior) by AM Best in May 2009. This company received 4 stars out of 5 by JD Power & Associates in all categories related to customer satisfaction, product selection and prices.
Erie Insurance
Erie Insurance Company is based in Erie, PA, and is a member of the Erie Insurance Group. The company has more than the US $2 billion in assets, a stable long-term outlook, and has been rated A + (Superior) by AM Best from June 2009 and AA by Standard & Poors as of December 2007. This company received 4 5 stars by JD Power & Associates in all categories related to customer satisfaction, product selection and prices.
State farm
State Farm is based in Bloomington, IL. The company has more than the US $2 billion in assets, a stable long-term outlook, and has been rated A ++ (Superior) by AM Best in May 2009 and AA by Standard & Poors in March 2009. This company received 4 stars out of 5 by JD Power & Associates in all categories related to customer satisfaction, product selection and prices.
Cincinnati Insurance
Cincinnati Insurance Company is based in Cincinnati, OH, and is a member of the Cincinnati insurance companies. The company has more than the US $2 billion in assets, a stable long-term outlook, and has been rated A + (Superior) by AM Best in December 2008 and A + by Standard & Poors as of June 2008. This company received a mixture of 3 and 4 stars out of 5 by JD Power & Associates in all categories related to customer satisfaction, product selection and prices.
Alpha
Alliance Alfa Insurance Corporation is based in Glen Allen, VA, and is a member of the Alfa Insurance Group. This company has more than the US $1 billion in assets, a stable long-term outlook and has been rated A + (Superior) by AM Best as of March 2009. This company received a mix of 3 and 4 stars out of 5 per JD Power & Associates in all categories related to customer satisfaction, product selection and prices.
The Hartford
Hartford Accident & Indemnity Company is based in Hartford, CT, and is a member of the Hartford Insurance Group. This company has more than the US $2 billion in assets, a negative long-term outlook, and has been rated A (Excellent) by AM Best in February 2009 and A by Standard & Poor as of June 2009. This company received 4 stars out of 5 by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.
American family
American Family Life Assurance Company of New York is based in Columbus, New York and is a member of the Aflac Incorporated Group. The company has more than the US $2 billion in assets, a stable long-term outlook, and has been rated A + (Superior) by AM Best as of February 2009 and AA-de Standard & Poor as of April 2009. This company has received 3 stars out of 5 by JD Power & Associates in all categories related to customer satisfaction, product selection and prices.
Allstate
Allstate Insurance Company is based in Northbrook, IL and is a member of the Allstate Insurance Group. The company has more than the US $2 billion in assets, a stable long-term outlook, and has been rated A + (Superior) by AM Best as of November 2009 and AA- by Standard & Poors as of January 2009. This company has received 3 stars out of 5 by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.
Liberty Mutual
Liberty Mutual Insurance Company is based in Boston, MA, and is a member of Liberty Mutual Insurance Companies. The company has more than the US $2 billion in assets, a negative long-term outlook, and has been rated A (Excellent) by AM Best as of April 2009 and A- by Standard & Poors as of September 2008. This company has received 3 stars out of 5 by JD Power & Associates in all categories related to customer satisfaction, product selection and prices.