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Homeowners in Southampton, NY, 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 considerationbefore choosing the best home insurance companies in Southampton. Below are the top home insurance companies in Southampton, NY, according to market share.

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Allstate

Allstate is one of the most prominent companies in the market, occupying a significant market share in New York with 14.09%. The home insurance company has written direct premiums worth $764,517 with direct premiums earnings of $761,039. Allstate 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 ⅗ based on the feedback collected from policyholders.

State Farm

State Farm follows close behind Allstate with a market share of 13.09%. State Farm has direct premiums written for a total value of $710,618. It has earned direct premiums worth $706,346. State Farm 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 4/5.

Chubb

Chubb is another major player in the New York insurance segment, with a market share of 11.25%. The insurance company has written a total of $610,344 worth of direct premiums. It has earned direct premiums worth $600,977. Chubb has a superior financial ability for granting potential claims, with an A++ rating by A.M. Best. J.D. Power has awarded CSAA with a rating of 2/5 on customer satisfaction.

Travelers

Travelers has a market share of 8.35% with direct premiums written worth $452,993, and direct premiums earned worth 457,382. Travelers has the superior financial ability in granting potential claims of current Southampton policyholders and has been awarded a rating of A++ from A.M. Best. It received a customer satisfaction score of 2/5 from J.D. Power.

Liberty Mutual

According to NAIC data, Liberty Mutual holds a market share of 8.17% in New York. The home insurance company direct premiums written worth $443,467 and direct premiums earned worth $442,215. A.M. Best rated Liberty Mutual with an A for its excellent ability to grant potential claims of current policyholders. In terms of overall customer satisfaction, Liberty Mutual received a score of 3/5 from J.D power.