Home Insurance Quote – Get It from Listed Comparison Sites

March 11th, 2010

You can now get a home insurance quote online quickly, but make sure you are getting it from a listed comparison website.

A listed website is a site that has one or more of the following: it has been accredited by the Best Business Bureau, has been included in Top Ten lists, has been reviewed in recognized websites, has high rankings in Alexa or other traffic analysis systems or has been rated high in consumer surveys.

It is important that you choose a reputable comparison website to ensure you are getting the right and updated data from a recognized and stable home insurance company. Good comparison sites represent reputable insurance companies.

If you are new to the house insurance industry, here are some of the insurance firms usually mentioned in top-ten lists or consumer surveys in random order: Allstate, State Farm, Progressive, Hartford, Geico, Amica, Alfa, Nationwide, Farmers, Cincinnati and American Family.

If a number of these firms are represented by the comparison site, then the comparison website is more likely to be reputable.

There are also comparison sites that require you to provide your email address, including detailed information about your house, before they give you a home insurance quote, so this is another reason to make sure you are dealing with a BBB-accredited site.

If you want just an estimate of a standard home insurance, there are sites that need only two pieces of information: your zip code and the year your house was built.

After getting the best insurance quote from a comparison site, you can also check the rate given to you by visiting the website of the insurance firm recommended. Insurance company websites give more specific information as to how they can reduce your rates or how they give you price discounts in ways different from other insurance firms.

According to insurance experts, do not rely too much on company loyalty for discounts. They say that among the best ways to get discounts is increasing the deductibles. However, increase your deductibles only to a point affordable to you in case you have to make a claim.

Remember also that insurance rates are higher in coastal areas and in fire-prone areas and that some companies do not operate in certain states or areas of the country.

On the whole, make sure that the home insurance quote you are getting is for an insurance policy that covers most or all housing risks in your area.

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Get a Home Insurance Quote from Top Insurers in Your State

February 24th, 2010

Getting an insurance quote from the top insurers in your state ensures that you are getting reliable information and that you are giving your personal information to the right parties and not to fraudulent insurance businesses.

A lot of websites now are offering all types of insurance quotes, but before they provide you with their response, they first require you to fill up an online form and disclose your financial and personal information. If you are not careful, your information could be sold to marketers or worse, you could become a victim of identity theft.

There are, however, providers of insurance quotes that need only basic information such as name of city and state, zip code, type of house, number of bedrooms, estimate area, age of house and other information. You could try these just to get some estimates and have a general comparison of quotes from several insurance companies.

You can get the names of reputable companies in your state by contacting your state department of insurance. A number of websites operated by state insurance departments are user-friendly, updated frequently and complete with information needed by consumers.

Another resource is the website of the New York City-based Insurance Information Institute, an organization founded in the 1960s to educate consumers about insurance. This resource helps you how to get and use a home insurance quote properly. It also has a feature where you can see a list of home insurance companies operating in your state.

Another website that you can check is the insurance.insureuonline.org, which is operated by the National Association of Insurance Commissioners. This site informs consumers on how they can protect themselves from insurance fraud.

You can also know the names of insurance firms with good customer feedback by reading industry surveys and online reviews and by checking the most visited home insurance websites.

A survey conducted by J.D. Power showed that the top companies with the highest customer satisfaction ratings in 2009 were Amica Mutual, Auto-Owners, Erie Insurance, State Farm, USAA, Alfa, Hartford and Cincinnati Insurance. For a start, you can get quotes from the websites of these firms and then compare.

Additionally, the Amazon.com-owned website traffic information provider Alexa lists State Farm, Geico, Farmers Insurance, Allstate and Nationwide as among the insurance sites getting the most traffic from consumers.

All in all, remember that the two most important things to consider when you are getting an insurance quote are the stability of the insurance firm and the perils covered by your policy.

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Home Insurance Quotes: Check Also Issuers and Coverage

December 14th, 2009

After researching home insurance quotes, check also the insurance firms offering the quotes and the coverage being offered.

Make sure you get the lowest quotes from among insurance companies that have track records in responding to claims promptly and that have been operating successfully over the past several years. See to it also that you are comparing quotes for the same type of coverage. A certain quote from a particular company might be lower because it pays only a fixed amount or reduced amount while the higher quote pays the amount needed to replace a destroyed house.

To ascertain whether an insurance firm is stable, call the Department of Insurance in your state at 1-866-470-NAIC and ask for information.

You may also want to compare only quotes from insurance companies that are being cited in consumer surveys. In the most recent insurance industry survey conducted by J.D. Power, the top issuers of house insurance based on customer satisfaction were Amica Mutual, Erie Insurance, Auto-Owners and State Farm.

You can also try others cited in the survey such as Alfa, Hartford Insurance, Farmers, Nationwide, Allstate, Cincinnati Insurance and Automobile Club of Southern California.

In many websites that provide home insurance quotes, these insurance companies are also cited – GMAC, Unitrin, Liberty Mutual and American Family Insurance – in addition to the previously-mentioned insurance firms.

You can also choose insurance quotes from among issuers that topped in 2008 based on direct premiums written, as compiled by the National Association of Insurance Commissioners. They were State Farm, Allstate, Zurich, Liberty Mutual, Travelers, Nationwide, USAA, Chubb & Son, American Family and Hartford Fire.

After getting insurance quotes within your budget from one or more of these companies, then you can go and compare the perils covered and the claims accepted. Make sure that property damages from fire, lightning, hail, wind, water, freezing and theft are covered and that your liabilities for property damage, bodily injuries and medical costs are also included.

In 2007, according to the Insurance Services Office, around 95 percent of house insurance claims involved property damage and theft, so make sure you are properly covered against these and against the most common perils in your state.

After researching home insurance quotes to help you purchase your best policy, consider obtaining a policy that protect against perils like earthquake, flood or hurricane which are not usually covered by standard house insurance policies.

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Homeowner Insurance Buying Advice from Insurance Institute

November 6th, 2009

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Determining If House Insurance Quotes are Reasonable

October 22nd, 2009

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Changes in Florida Home Insurance Building Policies

October 21st, 2009

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Asking Company Insurance Regarding Flood Protection

October 15th, 2009

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Update on Leading Florida Companies of Insurance

October 13th, 2009

Three Florida companies of insurance are in the center stage due to particular decisions and plans that involve thousands of their policy holders. First is the decision of Nationwide Insurance Company of Florida to no longer renew approximately 60,000 of its policies. The said decision is part of the plan of the insurance carrier to […]

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