Top Ten Car & Home Insurance Companies

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Automobile and homeowners' insurance falls within the Property & Casualty insurance sector. Before you purchase a car or home insurance policy, learn more about the various companies that offer these policies. Your goal should be to purchase your insurance coverage from a carrier that is financially stable and has a high degree of customer satisfaction with regard to claims and billing issues. There are several independent organizations whose sole purpose is to evaluate insurance carriers on a number of issues ranging from financial capability, claims-paying history, customer satisfaction, pricing structure and product offerings. Below are the top ten automobile and homeowners insurance companies, considering information provided by the three largest independent ratings organizations.

Amica Mutual

  • Amica Mutual Insurance Company is based out of Providence, RI and is a member of the Amica Mutual Group. The company has more than $2 billion in assets, a strong long-term outlook, and has been rated A++ (Superior) by A.M. Best as of May 2009. According to JD Power & Associates, “Amica Mutual ranks highest for an eighth consecutive year among homeowners insurance companies, performing particularly well in all five factors that contribute to overall customer satisfaction.”

Auto-Owners

  • Auto-Owners Insurance Company is based out of Lansing, MI and is a member of the Auto-Owners Insurance Group. The company has more than $2 billion in assets, a strong long-term outlook and has been rated A++ (Superior) by A.M. Best as of May 2009. This company received 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

Erie Insurance

  • Erie Insurance Company is based out of Erie, PA and is a member of the Erie Insurance Group. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A+ (Superior) by A.M. Best as of June 2009 and AA by Standard & Poor's as of December 2007. This company received 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

State Farm

  • State Farm is based out of Bloomington, IL. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A++ (Superior) by A.M. Best as of May 2009 and AA by Standard & Poor's as of March 2009. This company received 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

Cincinnati Insurance

  • Cincinnati Insurance Company is based out of Cincinnati, OH and is a member of the Cincinnati Insurance Companies. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A+ (Superior) by A.M. Best as of December 2008 and A+ by Standard & Poor's as of June 2008. This company received a mixture of 3 and 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

Alfa

  • Alfa Alliance Insurance Corporation is based out of Glen Allen, VA and is a member of the Alfa Insurance Group. This company has more than $1 billion in assets, a stable long-term outlook and has been rated A+ (Superior) by A.M. Best as of March 2009. This company received a mixture of 3 and 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

The Hartford

  • Hartford Accident & Indemnity Company is based out of Hartford, CT and is a member of the Hartford Insurance Group. This company has more than $2 billion in assets, a negative long-term outlook, and has been rated A (Excellent) by A.M. Best as of February 2009 and A by Standard & Poor's as of June 2009. This company received 4 out of 5 stars 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 out of Columbus, NY and is a member of the Aflac Incorporated Group. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A+ (Superior) by A.M. Best as of February 2009 and AA- by Standard & Poor's as of April 2009. This company received 3 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

Allstate

  • Allstate Insurance Company is based out of Northbrook, IL and is a member of the Allstate Insurance Group. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A+ (Superior) by A.M. Best as of November 2009 and AA- by Standard & Poor's as of January 2009. This company received 3 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

Liberty Mutual

  • Liberty Mutual Insurance Company is based out of Boston, MA and is a member of the Liberty Mutual Insurance Companies. The company has more than $2 billion in assets, a negative long-term outlook, and has been rated A (Excellent) by A.M. Best as of April 2009 and A- by Standard & Poor's as of September 2008. This company received 3 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

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