Homeowners in San Jose, CA, generally choose a home insurance company based on how reasonably priced the home insurance quotes are. However, there are several other factors, such as financial strength, customer service, available discounts, and market share to be taken into consideration before choosing the best home insurance companies in San Jose. Below are the top home insurance companies in San Jose, CA, according to market share.
State Farm is one of the most prominent companies in the market, occupying a significant market share in California with 17.56%. The home insurance company has written direct premiums worth $1,469,169 with direct premiums earnings of $1,405,885. State Farm has also received a financial strength rating of A++ for its superior ability to grant claims of current policyholders. J.D. Power has awarded State Farm a customer satisfaction score of ⅘ based on the feedback collected from policyholders.
Farmers follows close behind State Farm with a market share of 15.97%. Farmers has direct premiums written for a total value of $1,335,894. It has earned direct premiums worth $1,293,054. Farmers holds a financial strength rating of A+ for their superior financial ability to grant claims of current policyholders. According to customer feedback curated by J.D. Power, Farmers received a customer satisfaction rating of ⅗.
California State Automobile Association is another major player in the California insurance segment, with a market share of 6.51%. The insurance company has written a total of $544,788 worth of direct premiums. It has earned direct premiums worth $527,552. CSAA has an excellent financial ability for granting potential claims, with an A rating by A.M. Best. J.D. Power has awarded CSAA with a rating of ⅗ on customer satisfaction.
According to NAIC data, Liberty Mutual holds a market share of 6.24% in California. The home insurance company has direct premiums written worth $521,782 and direct premiums earned worth $501,655. A.M. Best rated Liberty with an A for its excellent ability to grant potential claims of current policyholders. In terms of overall customer satisfaction, Liberty received a score of 3/5 from J.D power.
Allstate has a market share of 5.91% with direct premiums written worth $494,685, and direct premiums earned worth 488,052. Allstate has the superior financial ability in granting potential claims of current San Jose policyholders and has been awarded a rating of A+ from A.M. Best. It received a customer satisfaction score of 3/5 from J.D. Power.