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Insurance.com Methodologies

 

Average home insurance rates calculator

Insurance.com in 2020 commissioned Quadrant Information Systems to field home insurance rates from major insurers in each state for nearly all ZIP codes in the country for 10 coverage levels based on various dwelling and deductible limits. The homeowner profile is a 35-year-old married applicant with excellent insurance score; new business HO3 policy for house built in 2000 with frame construction and composition roof. Other Structures: 10%. Loss of Use defaulted: 10%. Guest Medical limit: $5,000. Personal property: 50% of dwelling coverage for replacement value.

Average renters insurance rates calculator

Insurance.com in 2020 commissioned Quadrant Information Systems to provide renters insurance rates for nearly every ZIP code in the country from up to six major insurers. The applicant profile is of a married, 35-year-old who has filed no claims in five years. Coverage includes medical payments coverage of $5,000, contents replacement at replacement value and loss of use at 10 percent of personal property limit.

Average condo insurance rates calculator

Insurance.com in 2020 commissioned Quadrant Information Systems to provide condo insurance rates for nearly every ZIP code in the country from up to six major insurers. The applicant profile is of a married, 35-year-old who has filed no claims in five years. Coverage includes dwelling coverage of $50,000, medical payments coverage of $5,000, contents replacement at replacement value and loss of use at 10 percent of personal property limit.

Insurance.com "Make Me Switch" methodology

Insurance.com surveyed 3,700 auto insurance customers nationwide in 2019. The online panel survey was not open to the general public. Consumers were asked whether they would switch insurance companies at any price and at various savings levels from $50 to $1,000.

Insurance.com customer satisfaction survey methodology

Note that this is an independent editorial analysis devoid of affiliations or partnerships of any kind– companies did not pay to be included.

Insurance.com commissioned Op4G to survey more than 3,700 insurance customers nationwide in 2019.The survey collected customer ratings for 20 leading companies in the auto category and 15 leading companies in each of the home, health and life categories. Only current customers of the insurers on our lists were surveyed, and the survey was not open to the general public on the Insurance.com website.

Auto, home and health insurers were ranked according to a weighted 6-point measurement of the following factors: customer service, claims processing, value for price, merit of website/apps, would recommend and would renew. Life insurers were rated on a weighted 4-point measurement on customer service, value for price, merit of website/apps and would recommend. The A.M. Best ratings, discounts and coverage options noted in the survey do not affect the scores, but are provided as a supplementary resource.

Insurance.com makes these ratings freely available via this site. The views and opinions expressed by users do not reflect the views and opinions of Insurance.com. Insurance.com expressly disclaims any and all liability in connection with the ratings.

A.M. Best disclaimer and ratings explanation

Best's Credit Ratings are under continuous review and subject to change and/or affirmation. Visit the A.M. Best website for the latest Best’s Credit Ratings and Best’s Credit Reports (which include Best’s Credit Ratings).

Best's Credit Ratings reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of Insurance.com or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best's Credit Ratings. Best’s Credit Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.

A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. View our Important Notice: Best's Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/ratings/notice.

RatingDescriptorDefinition
A++, A+SuperiorAssigned to companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations
A, A-ExcellentAssigned to companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations
B++, B+GoodAssigned to companies that have, in our opinion, a good ability to meet their ongoing insurance obligations
B, B-FairAssigned to companies that have, in our opinion, a fair ability to meet their ongoing insurance obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions.
C++, C+MarginalAssigned to companies that have, in our opinion, a marginal ability to meet their ongoing insurance obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions.
C, C-WeakAssigned to companies that have, in our opinion, a weak ability to meet their ongoing insurance obligations. Financial strength is very vulnerable to adverse changes in underwriting and economic conditions.
DPoorAssigned to companies that have, in our opinion, a poor ability to meet their ongoing insurance obligations. Financial strength is extremely vulnerable to adverse changes in underwriting and economic conditions.
EUnder Regulatory SupervisionAssigned to companies (and possible their subsidiaries/affiliates) placed under a significant form of regulatory supervision, control or restraint - including cease and desist orders, conservatorship or rehabilitation, but not liquidation - that prevents conduct of normal, ongoing insurance operations.
FIn LiquidationAssigned to companies placed in liquidation by a court of law or by a forced liquidation.
SSuspendedAssigned to rated companies when sudden and significant events affect their balance sheet strength or operating performance and rating implications cannot be evaluated due to a lack of timely or adequate information.

Insurance.com traffic ticket calculator methodology

Insurance.com commissioned Quadrant Information Services to gather rates comparing a driver with a clean record to a driver with certain violations from six major carriers in 10 ZIP codes in each state. Rates were returned on a 2017 Honda Accord LX, for a driver with 100/300/100 liability coverage, collision and comprehensive coverage with a $500 deductible, uninsured motorist and additional mandatory coverages as required in each state. Slight differences in averages are due to rounding.