Strongest and Weakest Homeowners Insurers		Back

A weak homeowners insurance company represents a potential for financial loss to its policyholders, as well as a number of headaches and hassles. In addition to the loss of their premium dollars, the policyholders with a failed insurer are forced to scramble to purchase replacement coverage from other carriers, often at higher rates. And those who were unfortunate enough to have a claim outstanding with the failed company can end up footing the bill themselves.

That's why it is important to check the financial security offered by an insurer prior to purchasing a policy and then periodically monitor the company's condition going forward. Low-rated companies should be avoided in favor of highly rated companies.

The following U.S. homeowners insurance underwriters received the highest ratings from Weiss Ratings.

Strongest Homeowners Insurers Data as of 09/04/2008 Company Name State Weiss Safety Rating UNITED SERVICES AUTOMOBILE ASN  TX  A+  USAA CASUALTY INS CO  TX  A+  INTERINS EXCH OF THE AUTOMOBILE CLUB  CA  A+  HASTINGS MUTUAL INS CO  MI  A+  AUTO-OWNERS INS CO  MI  A  SENTRY INS A MUTUAL CO  WI  A  COUNTRY MUTUAL INS CO  IL  A  KENTUCKY FARM BUREAU MUTUAL INS CO  KY  A  HOME-OWNERS INS CO  MI  A  CHURCH MUTUAL INS CO  WI  A  FRANKENMUTH MUTUAL INS CO  MI  A  ALFA INS CORP  AL  A  ALFA GENERAL INS CORP  AL  A  PIONEER STATE MUTUAL INS CO  MI  A  ALLSTATE INS CO  IL  A-  CINCINNATI INS CO  OH  A-  CALIFORNIA STATE AUTO ASN INTER-INS  CA  A-  OWNERS INS CO  OH  A-  MERCURY CASUALTY CO  CA  A-  FOREMOST INS CO  MI  A-

The following U.S. homeowners insurance underwriters received the lowest ratings from Weiss Ratings.

Weakest Homeowners Insurers Data as of 09/04/2008 Company Name State Weiss Safety Rating NORTHERN CAPITAL INS CO  FL  E  UNDERWRITERS AT LLOYDS LONDON  IL  E+  UNIVERSAL PROPERTY & CASUALTY INS  FL  E+  ROYAL PALM INS CO    E+  UNITED PROPERTY & CASUALTY INS CO  FL  E+  FEDERATED NATIONAL INS CO  FL  E+  TOWER HILL PRIME INS CO    E+  CYPRESS TEXAS LLOYDS  FL  E+  ZEPHYR INS CO INC    E+  AMFED NATIONAL INS CO  MS  E+  DONGBU INS CO LTD    E+  CAPITOL PREFERRED INS CO    E+  EDISON INS CO    E+  OMEGA INS CO  FL  E+  CORAL INS CO  FL  E+  SAFE HARBOR INS CO    E+  SPRING VALLEY MUTUAL INS CO    E+  WASHINGTON COUNTY CO-OPERATIVE INS    E+  AUSTIN INDEMNITY LLOYDS INS CO  TX  E+  UNION MUTUAL INS CO    E+

Just because a particular insurer does not appear on this list of lowest rated homeowners insurance companies, it does not necessarily mean that the company is safe or highly rated.  To check the rating of a specific company, Weiss Ratings offers several online options and publications covering property and casualty insurers.

A =  Excellent B =  Good C =  Fair D =  Weak E =  Very Weak

For more information about Weiss Ratings and our products, contact our Customer Hotline at 1-800-289-9222.