To find the best Texas homeowners insurance company, it’s important to research and compare rates, policies, and discounts from different TX homeowners insurance companies. Here is a Texas homeowners insurance company review of some of the top home insurers in Texas:
AIG Advantage Insurance Company
AIG Advantage Insurance Company is proud to offer high-quality insurance plans at a competitive price. AIG offers customizable plans based on the needs of each individual client. With several options in homeowners insurance plans, customers can select the coverage they need, while avoiding paying for things they don’t need. AIG offers the typical homeowners insurance coverage, such as theft, fire, and water damage, but also offers additional options, such as rebuilding costs, additional living expenses, garden coverage, lock replacement, etc. These additional features are attractive to many customers who want to customize their insurance plan.
AIG Advantage falls into the “XI” category based on financial size, meaning it is a $750 million to $1 billion company with a financial outlook for the next few years as “stable.” AIG Advantage has received an “A+” rating or better from regulator AM Best. Overall, AIG Advantage is an excellent homeowners insurance provider based on qualifications, financial stability, and plan customization.
Texas Universal Insurance Company
Universal Insurance Company of Texas is a subsidiary of Universal Insurance Holdings of North America, which is owned by Universal Group, Inc. Headquartered in San Antonio, Texas, this insurance company offers homeowners insurance to consumers. Types of homeowners coverage include robbery, theft, fire, and other home damage, depending on the insurance policy selected.
Universal Insurance Company recently earned an “A” or excellent rating from AM Best, as well as the same rating from the regulatory agency Demotech, Inc. Universal Insurance Company of Texas has maintained excellent customer service ratings, having received no reports complaints compared to the national median. Universal Insurance Company of Texas is a very financially stable company with a unique reinsurance program to continue your financial stability well into the future.
Texas Farmers Insurance Company.
Based in Austin, Texas Farmers Insurance Company is a major provider of homeowners insurance policies for Texans. Insurance policies from this provider consist of three main areas: homes and structures, personal property, and personal liability. Customers with Texas Farmers Insurance plans receive coverage for their home and other separate property, personal belongings within their home, as well as coverage for someone who is injured on the property and property damage. This comprehensive and comprehensive aspect makes Texas Farmers Insurance Company popular with customers.
The company itself is quite large, falling into the $2 billion and above category, with a stable outlook for its financial future. Customer service complaints filed are virtually non-existent for this company, compared to the industry average. Texas Farmers Insurance Company was also rated excellent, an “A” rating, by regulator AM Best, making it a trustworthy company.
Texas Insurance Company Travelers
Travelers Insurance Company’s homeowners policy is unique in that it not only provides the all-inclusive aspect of typical policies, but also allows customers to choose additional options to make the policy better suited to their own needs. For example, some coverage options Travelers offers include identity theft protection, valuables protection, flood coverage (not covered by many homeowners policies), and boat insurance for small personal watercraft. These options can be expensive with other insurance companies, but are offered as an add-on option with a Travelers of Texas Insurance Company policy.
However, it is important to know that according to NAIC.org, Travelers received a small number of customer service complaints during 2006, primarily related to delays in handling claims and unsatisfactory settlements. Overall, however, Travelers of Texas Insurance Company received an “A+” rating from AM Best and was given a stable financial outlook for future years.
Texas SF Insurance
SF Insurance may be one of the most common and well-known insurance companies, insuring over 15 million homes today. SF’s point of view is that the comprehensive protection of a Texas homeowners insurance policy doesn’t have to be expensive. Reasonable rates, along with excellent customer service, make SF a common choice for an insurance provider. An interesting aspect of SF is that they also cover manufactured homes, which many insurance companies ignore. Manufactured home owners may find SF to be one of the most flexible insurance providers for this type of coverage.
SF has received customer service complaints over the past year, primarily regarding delays in handling claims. SF Insurance – Texas falls into the “XIII” financial size category, a $1.25 billion to $1.5 billion company. Its financial outlook is stable and was recently rated “B++” or good by AM Best. However, the wide range of options and coverage may offset the slightly lower ratings for this company.
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No one insurance company is best for all Texans, so shop around and see which one best suits your needs.
