Best Homeowners Insurance Companies
The best homeowners insurance companies offer affordable policies and have a history of excellent customer service and fair claims settlement. Furthermore, they have the financial resources necessary to continue operating over the long term and pay claims when they arise. There are numerous insurers competing in the market today, but finding the best companies is not always easy.
Size
Based on direct premiums written, the ten largest underwriters of homeowners insurance are shown in the table below
1:
| Rank | Insurance Company | Direct Premiums Written in 2009 ($000) | Market Share |
|---|
| 1 | State Farm | $14,737,236 | 21.6% |
| 2 | Allstate | $6,837,286 | 10.0% |
| 3 | Zurich (parent company of Farmers) | $5,066,034 | 7.4% |
| 4 | Liberty Mutual | $3,461,188 | 5.1% |
| 5 | Travelers | $3,082,155 | 4.5% |
| 6 | USAA | $2,969,698 | 4.4% |
| 7 | Nationwide | $2,909,148 | 4.3% |
| 8 | Chubb | $1,772,268 | 2.6% |
| 9 | American Family | $1,460,618 | 2.1% |
| 10 | The Hartford | $1,122,780 | 1.7% |
These 10 companies only make up 63.7% of the market, and there are many other companies competing for your business.
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