How to Find the Best Illinois Homeowners Insurance Company

How does one choose the best Illinois homeowners insurance company? It is certainly important when buying homeowners insurance in Illinois to get the company out there that will best fit your needs.

There are approximately 12 million people in the state of Illinois, thus making it one of the most populated states in the central region of the United States. With so many residents we can assume that the demand for homeowners insurance is very high. But with so many companies out there how can we get to the one that is best for us?

In this article you will be given a few tips and important information to assist you in this important process of choosing the best Illinois homeowners insurance company for your needs.

Financial Ratings And Illinois Homeowners Insurance Companies

When we speak about homeowners insurance in the state of Illinois we are speaking about a multimillion dollar industry. Because of this it is very important for you to get a company that is in good shape financially. Having an Illinois homeowner’s insurance policy is basically a way of protecting you and your family from any unexpected catastrophe or accident that might happen. Because it is based on the future it is important to see how well a homeowner insurance company is doing in the present.

A company that is excellent financially will more than likely not have any problem when it comes to assisting you with a claim or giving you money right away after an accident. Companies without good financial ratings usually take a little bit more to deliver the reimbursements after a claim.

There are several ways in which you can check a company’s financial strength. You could either call the company and ask an agent for the latest financial rating figures, or go online and search in their websites. There are also rating companies such as A.M. Best, Standard and Poor’s, Fitch, etc; that will allow a customer to search for any insurance company and get their ratings. It is important to highlight that because a company is known nationally it does not mean that they are in good financial standing. You must always check first before making any assumptions.

The Yellow Pages And The Internet Can Help You In Your Search For Illinois Homeowners Insurance Companies

You might be asking yourself how to find the best IL homeowner insurance company out there in the market. The fact of the matter is that every person might have a different feeling about a certain company, and for this reason the best thing to do is to try and research each company that sparks a little interest in your. There are two ways in which you will be able to search for the company that is best for you.

One of them involves getting your local yellow pages and searching for insurance companies. Before actually deciding on which one is good for you try giving them a call and speaking to their agents. If you find that the company interests you at least a bit, then go ahead and visit them personally. Once you are there you will be able to clarify some doubt on how the company works. Do the customers seem happy with the treatment they receive? Are the agents knowledgeable of the insurance industry? Is the place in a clean and organized condition? Do they offer good customer service? Are there any awards on the walls? By just looking for certain things you will be able to make a prediction of each company.

The other way in which you can do some research and try to find the best company for you is to log online and search Google or Yahoo for homeowner insurance companies in you area of Illinois. After you do that you will be able to visit company websites and research about their history, awards and the path to their present success. Some companies will even allow you to see the plans and some discounts. It is important to mention that almost all companies nowadays will let you get quotes online or give you a number on their website where you can call to apply for a quote.

Select Illinois Homeowners Insurance Companies

This last section of the article is specifically designed for the people that want examples of the many companies available in the state of Illinois. It is important to understand that these are just some of the companies and that there are many more out there. You will be able to see the history and the rankings of each just to give customers a better understanding of the importance that each of those two factors have in the Illinois homeowners insurance industry.

American Family Insurance: This Company has been on the main map of insurance in the United States since October 3, 1927. It was on that date that Mr. Herman Wittwer decided to start selling insurance products to farmers in the state of Wisconsin. The reasoning behind this was that farmers were driving less than other drivers and they deserved lower rates. The company kept growing and nowadays they also offer homeowners, life annuity, health, business, ranch and farm insurance. Presently they also have more than $4.8 billion in policy holder equity. $15.5 billion in assets (according to their website) and they also operate in 18 states of the country extending from the Pacific State of Washington all the way to Ohio by the Great Lakes. They claim to employ an estimated 8,200 people and another 3,975 agents. With more than nine million policies in force, this company will only keep growing.

Madison Mutual Insurance Company: This company just like the other was founded in the 1920’s, but the only difference is that it has been a steadily contender of property and casualty insurance in the state of Illinois. They have kept growing at tremendous rates simply because they have been expanding their products and providing customers with excellent customer service. At the end of calendar year 2006 they had written $32.7 million in premiums and had approximately $71.4 million in assets. All through the state of Illinois they offer insurance in 131 independent agencies and with the help of 398 qualified licensed agents. The company is expected to keep its tremendous grow through the entire state and it is expected to start expanding to other states as their assets become larger.

There Are Many Top Illinois Homeowners Insurance Companies

As said before there are many homeowners insurance companies out there in the state of Illinois that will do all they can to provide coverage to the many people that are house searching within the state. When looking for the best company for you, always look at their history and financial ratings (remember that rating agencies can help).