Determining the best homeowners insurance companies in Cambridge, MA, goes beyond the home insurance rates provided to homeowners. A home insurance company is rated based on its financial strength, customer satisfaction, market share, and problem-free claims processing.
Mapfre received a financial strength rating of A (excellent) from A.M. Best and a rating of 3/5 from J.D. Power. When it comes to market share in Massachusetts, Mapfre holds the largest majority with 13.30%. Mapfre is known for its endorsement offerings to customize and enhance the standard home insurance policy of Cambridge homeowners.
Liberty Mutual has a financial strength rating of A (excellent) from A.M. Best and a rating of 3/5 from J.D. Power. Liberty Mutual allows Cambridge homeowners to file a claim online within a few minutes and makes it easy to track the status. Liberty Mutual occupies a 10.26% market share in the state of Massachusetts.
Amica is financially superior in granting potential claims of current policyholders with a rating of A+ (superior) from A.M. Best. Amica also stands to be one of the two home insurance companies to receive a 5/5 rating from J.D. Power. Amica is regarded highly for its customer service and simple claims process. According to the NAIC data, Amica occupies a 4.06% market share in Massachusetts.
USAA has a financial rating of A+ (superior) from A.M. Best, and a rating of 5/5 from J.D. Power. Even though USAA offers its services exclusively to army personnel and their families, it manages to hold a market share of 3.97% in the state of Massachusetts.
Travelers received a financial strength rating of A (excellent) from A.M. Best and a rating of 3/5 from J.D. Power. NAIC reported that Travelers occupies a 3.86% market share in Massachusetts. Travelers offers a green home endorsement policy to replace or rebuild Cambridge homes with eco-friendly materials. Travelers also provides discounts of up to 5% to Cambridge homeowners, provided their homes are certified as green homes.