In Abilene, TX, homeowners pay an average home insurance rate of $1,569 per annum. Vhome’s research reveals that Abilene homeowners can save up to $407 by comparing quotes and reviews of home insurance companies.
Financial Strength Rating
The financial strength of a home insurance company is determined by its ability to grant potential claims of current policyholders. Several renowned third-party agencies award ratings to home insurance companies based on their financial ability. For example, A.M. Best has awarded USAA a rating of A++ (superior), whereas, it awarded a rating of A (excellent) to Farmers. Abilene homeowners can use these ratings to narrow down their search for home insurance companies.
Customer Satisfaction Score
J.D. Power awards home insurance companies with customer satisfaction scores based on feedback collected from policyholders. USAA has a perfect customer satisfaction score of 5/5, whereas Farmers has a score of 3/5. The customer satisfaction scores are made available to Abilene homeowners to help them in their search for home insurance companies.
Agents of home insurance companies work closely with Abilene homeowners to understand their needs and create customized policies according to their requirements. Abilene homeowners are recommended to choose home insurance companies that offer add-on policies and endorsements to meet their requirements.
Abilene homeowners can submit a claim online by providing proof of loss, along with supporting documents. It is important that homeowners get their coverage amount as early as possible. Abilene homeowners are advised to choose home insurance companies that have swift claims processes and require minimalist documentation.
Post-Claim Insurance Rates
Filing a claim can significantly increase home insurance rates. A study done by Vhome revealed that the homeowners insurance in Abilene could increase by up to $659 based on the type and number of claims. We caution Abilene homeowners to be wary of the increase in home insurance rates based on claims history.