![]() ![]() Since many people don’t meet the company’s criteria, USAA isn’t always ranked by companies that compare homeowners insurance options. “But remember my rule: Homeowners insurance is only for use in a catastrophic situation, so it’s crucial to have the best coverage in case something does happen to your home.” USAAįounded in 1922, USAA provides homeowners insurance for military members, veterans and their family members. “Amica and USAA may not have the best premiums,” Clark says. Two companies stand out to Clark in this regard: USAA and Amica. He says the best companies are ones that will be there when you need them. ![]() There are many factors to consider before awarding any insurance company the title of “best.” For money expert Clark Howard, it’s not about having the lowest premiums. American Family is up to #4 from eighth place.Ĭlark Howard’s Top Picks for Home Insurance.Erie is up one spot, switching places with Auto-Owners from #3 to #2.This month there’s no tie and – with only ten spots – Allstate is off the list from their #7 spot. Last year, we had a tie in our #6 spot between AAA and Nationwide.Nationwide dropped from sixth place to tenth.Now, the lowest grade is a D with Nationwide scoring a 64.8. In 2022, the lowest grade on our list was a B- with Farmers Insurance scoring 81.1. Overall, Team Clark grades for insurance companies have decreased by 11 points on average.February 2023: Article updated to incorporate 2023 data released by Consumer Reports.American Family is down to #6 from fourth place last month.The Hartford has dropped off the list from its #7 spot. Chubb, which wasn’t on our 2022 list, entered at the #4 spot.USAA’s grade has improved by one point and Amica is still number one with a three point improvement.Now, the lowest grade is 68.2 (Nationwide). In February, the lowest grade on the list with a 64.8 (Nationwide). Overall, Team Clark grades for insurance companies have increased by 3 points on average since last month.March 2023: Article updated to incorporate 2023 data released by J.D. ![]()
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