Homeowners in Tucson, AZ, pay an average home insurance rate of $715. Tucson homeowners need to consider various factors before choosing the home insurance company best suited for their coverage needs. vHome Insurance analyzed the insurance trends in Tucson to identify the top home insurance companies in the city.
State Farm has been the leading company in the home insurance market in different states in the U.S., including Arizona. The renowned home insurance company holds the majority of the market share in Arizona, with 17.97%. Ithas written direct premiums worth $303,259, with direct premium earnings of $299,049. 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 is second to State Farm in terms of market share with 13.01%. Farmers has direct premiums written for a total value of $219,578. It has earned direct premiums worth $220,278. 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.
USAA offers its services only to army veterans. However, this has not prevented it from occupying a major market share with 8.70%. It has direct premiums written worth $146,815, and direct premiums earned worth $142,816. USAA holds a financial strength rating of A++ for its superior financial ability in granting claims of policyholders. It also holds a perfect customer satisfaction score of 5/5 from J.D. Power.
Liberty Mutual is another prominentcompany in the home insurance segment, occupying a market share of 8.64% in Arizona. The home insurance company has direct premiums written worth $145,779, and direct premiums earned worth $140,214. 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.
Allstate also occupies a market share of 8.64%, the same as that of Liberty Mutual. It has direct premiums written worth $145,772, and direct premiums earned worth $145,509. Allstate has the superior financial ability in granting potential claims of current Tucson 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.