In Irvine, CA, homeowners are more likely to pick a home insurance company based on how reasonably priced they 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 Irvine. Below are the top home insurance companies in Irvine, CA, according to market share.
State Farm
State Farm is one of the most prominent companies in California, occupying a significant market share of 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 4/5 based on the feedback collected from policyholders.
Farmers
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 3/5.
CSAA
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 3/5 on customer satisfaction.
Liberty Mutual
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
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 Irvine 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.