More on Home Insurance
More on Home Insurance
Policygenius offers editorially independent reviews of homeowners insurance carriers. Look what we take into account to help you make the right choice.
Policygenius provides in-depth reviews on the homeowners insurance companies we work with to help you find the right option:
We rate each carrier in five different categories on a scale of 1 (lowest) to 10 (highest). These individual category scores are averaged for a final overall rating out of 10.
The categories are:
Average annual premium cost for a medium-sized home.
The factors we look at for our cost score include:
How the price of homeowners insurance compares to that of other companies
The number and quality of homeowners insurance discounts
Consumer confidence based on scores from major financial rating institutions.
The factors we look at for our confidence score include:
Standard & Poor's rating
These company ratings are normalized and scored out of 10.
Satisfaction from consumer sentiment institutions and complaints to state insurance boards.
The factors we look at for our customer rating score include:
JD Power overall satisfaction score
Better Business Bureau rating
Consumer Affairs overall satisfaction rating
Consumers Advocate rating
Complains submitted to state insurance boards for individual homeowners insurance policies as measured by the National Association of Insurance Commissioners (NAIC) National Complain Index Report
Both the quality and number of coverage options, like unique homeowners insurance product tiers and availability of certain coverage endorsements.
The factors we look at for our policy option score include:
Number of policy tiers
Availability of favorable reimbursement coverages—like extended and guaranteed replacement cost coverage
Availability of standard, unique and high-quality coverage endorsements
Ease of use, convenience, online tools, and availability.
The factors we look at for our customer experience score include:
Number of payment options
Claims satisfaction rating with J.D. Power
Ease of claims
Availability of additional claims services and perks, including, but not limited to: catastrophe centers, cashout claim options and repairs companies
Policygenius offers insurance policies from many of the nation's top insurers, who pay us a commission for our services. However, all editorial choices are made independently.
Pat Howard is a homeowners insurance editor at Policygenius in New York City. He has written extensively about home insurance cost, coverage, and companies since 2018, and his insights have been featured on Investopedia, Lifehacker, MSN, Zola, HerMoney, and Property Casualty 360.
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