Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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Home Insurance QuotesTo get the best home insurance quotes, you need to find a sound insurance company with excellent benefits for a reasonable rate.

The financial rating of an insurance company is an important consideration so that you can be confident that your claims will be funded appropriately.

The length of time it takes for a payout may also be worth discovering. Customer reviews and complaints should be taken into consideration as well.

To find and compare free homeowners insurance quotes online from many different companies just enter your zip code in now!

Financial Rating for Home Insurance Companies

Financial ratings are useful for easily determining an insurance company’s ability to pay claims. There are three companies that are primarily used to benchmark ratings. A.M Best takes several factors into consideration when rating a home insurance company. They look at the company’s assets and liabilities, the overall performance of the company, and the company’s business profile.

The ratings they provide are Best’s Financial Strength Rating (Insurer), Best’s Issuer Credit Rating, Best’s Debt Rating, and Best’s Financial Strength Rating (Bank). The highest rating you can receive is A++ which is defined as superior.

Standard & Poor’s has been in business for more than 150 years. A leader in financial ratings, they published more than 1,150,000 ratings in 2008. The ratings they provide for insurance companies are Insurance Financial Strength Ratings, Insurance Financial Enhancement Ratings, Insurance Security Circle Icon, and Bond Insurance. An AAA rating denotes the highest rating offered by Standard & Poor’s.

Fitch, Inc. was founded in 1913 as Fitch Publishing Company and is one of the three leading rating companies used for insurance companies. Fitch uses the IFS (Insurer Financial Strength) rating for all insurance companies, including home insurance companies. The highest rating they bestow is AAA for exceptionally strong companies.

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Qualities to Look for in Home Insurance Companies

As described above, a company’s financial rating is an important value to consider when choosing an insurance company to insure your home. The stronger the financial rating a company has the less risks you have of not receiving payment for a claim. Other than the financial rating, there are a few more elements to consider.

Customer service may be an important factor to consider. If you prefer to call someone on the phone then their response time is central for you. If you like to do business online, then you may want an insurance company with an easy to navigate website and a fast email reply turnaround. Friendly service with prompt attention is also beneficial, especially if you need to deal with a claim.

The claims process is an integral part of a home insurance company. The ease of submitting a claim and the entire claims process can be quite stressful. Having an insurance company that simplifies the process, stays in touch with you, and expedites the claim as much as possible is worth much. The time it takes to receive payment from a claim is also crucial, so finding out the claims process of an insurance company can be beneficial before buying a policy.

The internet makes it very easy to read customer reviews and complaints. It is not recommended to just see how an insurance company is rated by its customers, since rating is very subjective. Instead, spend time reading different reviews and analyzing the complaints that you find.

For example, if 7 out of 10 people complain about rude customer service or slow claims payment, then you may want to look more closely at that company before insuring your home with them. If you read only one complaint out of numerous positive reviews then you may be able to more easily disregard the negative feedback.

Finding the Best Place to get Home Insurance

Understanding the qualities to look for in home insurance companies is the first step to finding the best place to get home insurance. The next thing to consider is what is included with your home insurance and how much it is going to cost. You can visit different insurance agents or call them on the phone to request information and rates. However, with today’s technology, the best way to find home insurance quotes is on the internet.

Armed with the knowledge of what to look for and from the convenience of your own home, you can safely surf the internet for home insurance information. To be sure you are getting competitive quotes it is a good idea to compare the same type of insurance with each company you review. You can always change the amount of coverage before you actually buy your home insurance policy.

As you are comparing quotes, keep savings in mind as well. Many insurance companies offer discounts for multiple policies or for installing various security features in your home. These discounts can reduce your rates substantially. Enter your zip code now to get started receiving free home insurance quotes from multiple insurance companies!