| Homeowners insurance company rankings can tell you | | | | If your state insurance department doesn't list |
| a lot about insurance companies. Here's where to find | | | | insurance company complaints, you can get this |
| insurance company rankings that will help you | | | | information at the California Department of Insurance |
| determine which company is best for your | | | | website ( |
| homeowners insurance needs. | | | | All major companies have had complaints filed against |
| Consumer Rankings | | | | them, so I recommend going with a company that |
| The best place I've found to get homeowners | | | | has a lower than average number of complaints. |
| insurance consumer rankings is at J.D. Power & | | | | Financial Rankings |
| Associates (jdpower.com). They are an independent | | | | Financial rankings are a good way to determine an |
| information company that conducts customer | | | | insurance company's ability to pay its claims. A.M. Best |
| surveys and provides unbiased customer reviews and | | | | (ambest.com) rates insurance companies based on |
| ratings on a variety of products and services. | | | | their financial strength. A high rating means a |
| J.D. Power ranks insurance companies based on their | | | | company has enough financial assets to pay it's |
| policy prices, policy options, claims handling, and | | | | claims. |
| customer service. Their ratings go from five circles | | | | A.M. Best rates companies from A++ (their highest |
| (the best companies) to two circles (the worst). I | | | | rating) to D (their lowest). I recommend purchasing |
| recommend purchasing your homeowners insurance | | | | insurance through a company with a B+ rating or |
| with a company that has a rating of three circles or | | | | higher. |
| higher. | | | | Getting Low Cost Insurance With A-Rated |
| Insurance Department Rankings | | | | Companies |
| Every state has a department of insurance that | | | | The best place to get low cost homeowners |
| oversees insurance companies, and most states have | | | | insurance is at an insurance comparison website. |
| a website that provides insurance statistics. One of | | | | Some of these sites provide an online chat service |
| the most useful statistics they provide is a list of | | | | so you can get answers to your homeowners |
| complaints made against insurance companies by their | | | | insurance questions from an insurance expert, and |
| customers. These complaints are a good way to find | | | | get help in lowering your insurance cost. (see link |
| out how reliable a company is, and how it treats its | | | | below). |
| customers. | | | | |