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 02/28/2008 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  TENNESSEE FARMERS MUTUAL INS CO  TN  A  KENTUCKY FARM BUREAU MUTUAL INS CO  KY  A  HOME-OWNERS INS CO  MI  A  FRANKENMUTH MUTUAL INS CO  MI  A  ALFA INS CORP  AL  A  ALFA GENERAL INS CORP  AL  A  ALLSTATE INS CO  IL  A-  CINCINNATI INS CO  OH  A-  CALIFORNIA STATE AUTO ASN INTER-INS  CA  A-  SOUTHERN FARM BUREAU CAS INS CO  MS  A-  OLD REPUBLIC INS CO  PA  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 02/28/2008 Company Name State Weiss Safety Rating UNITED PROPERTY & CASUALTY INS CO  FL  E  TOWER HILL PRIME INS CO    E  NEVADA CAPITAL INS CO    E  TOWER HILL PREFERRED INS CO  NC  E  NORTHERN CAPITAL INS CO  FL  E  CAPITOL PREFERRED INS CO    E  EDISON INS CO    E  CORAL INS CO  FL  E  DONGBU INS CO LTD    E  UNDERWRITERS AT LLOYDS LONDON  IL  E+  UNIVERSAL PROPERTY & CASUALTY INS  FL  E+  ROYAL PALM INS CO    E+  CYPRESS PROPERTY & CASUALTY INS CO  FL  E+  FEDERATED NATIONAL INS CO  FL  E+  CYPRESS TEXAS LLOYDS  FL  E+  ZEPHYR INS CO INC    E+  AMFED NATIONAL INS CO  MS  E+  OMEGA INS CO  FL  E+  SAFE HARBOR INS CO    E+  SPRING VALLEY 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.