Insure.com Names the Best Auto, Home, Life and Health Insurance Companies for 2023

Rhea-AI Summary

Insure.com has published its rankings of the Best Insurance Companies for 2023, marking the 11th year of this annual assessment. The rankings were compiled using consumer surveys and third-party data on customer experience and financial stability. State Farm emerged as the best overall in car, home, and life insurance. Other winners include Nationwide for cheapest car insurance and Kaiser Permanente for health insurance. The report aims to guide consumers in selecting insurers that best meet their unique needs and budget, emphasizing the importance of comparing quotes from multiple providers.

Positive

• State Farm recognized as best insurer across multiple categories: car, home, and life insurance.
• Winners identified for specific needs: Nationwide for cheap car insurance, Amica for affordable home insurance, and Kaiser Permanente for overall best health insurance.
• Rankings based on comprehensive analysis including consumer surveys and financial stability metrics.

Negative

• None.

Annual ranking finds State Farm, Nationwide, Erie, Travelers, Progressive, Amica, Auto-Owners, New York Life, UnitedHealthcare and Kaiser Permanente among top insurers

FOSTER CITY, Calif.--(BUSINESS WIRE)-- Insure.com today released its rankings of the Best Insurance Companies for 2023. This is the 11th year Insure.com, the comprehensive resource for insurance information, has rated auto, home, life and health insurers.

Find the new report here: 10 best insurance companies of 2023

Among the top insurance companies:

• Best car insurance, best home insurance and best life insurance company: State Farm
• Best car insurance company for cheap rates: Nationwide
• Best car insurance companies for customer satisfaction: Erie and Travelers
• Best car insurance company for drivers with tickets: Progressive
• Best home insurance company for cheap rates: Amica
• Best home insurance company for policy offerings: Auto-Owners
• Best life insurance company for low rates: New York Life
• Best health insurance company overall: Kaiser Permanente
• Best health insurance company for affordability: Aetna

Editors used a variety of data sources to compile the rankings, including a survey of insurance consumers fielded to assess each company’s customer experience, claims handling ability, trustworthiness, digital experience and other important factors. Editors also analyzed insurers’ rate information, AM Best financial stability scores, National Association of Insurance Commissioners’ complaint records and other third-party data.

The top five companies in each insurance category:

Auto insurance:

• State Farm
• Geico
• Auto-Owners
• Travelers
• Nationwide

Home insurance:

• State Farm
• Auto-Owners
• Travelers
• Allstate
• Erie

Health insurance:

• Kaiser Permanente
• UnitedHealthcare
• Aetna
• Anthem
• Humana

Life insurance:

• State Farm
• New York Life
• Northwestern Mutual
• Mutual of Omaha
• Prudential

“The Best Insurance Companies rankings is meant to provide consumers with some guidance about which insurer is the best for their needs and budget,” explains Nupur Gambhir, managing editor of Insure.com, “but because everyone’s insurance needs are so unique, they should still shop around. By comparing cost and coverage from three to five insurers, consumers can find the best policy for their individual needs.”

Gambhir is available to comment on this annual research and discuss how consumer preferences for insurance are evolving.

About Insure.com

Insure.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. Insure.com is a member of QuinStreet’s expert research and publishing division.

For more than 20 years, Insure has served as a comprehensive consumer resource for insurance information, offering expert advice, articles, news, and tools about car, home, health, and life insurance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230125005616/en/

Media Contact:

Charlene Arsenault

Public Relations Associate

carsenault@quinstreet.com

+1 650-578-6845

LinkedIn

Source: Insure.com

FAQ

What are the top insurance companies for 2023 according to Insure.com?

The top companies include State Farm, Nationwide, Erie, Travelers, Progressive, Amica, Auto-Owners, New York Life, UnitedHealthcare, and Kaiser Permanente.

What does Insure.com's ranking methodology involve?

Insure.com uses consumer surveys and data on customer experience, claims handling, financial stability, and complaint records to compile its rankings.

Which company is rated best for car insurance in 2023?

State Farm is rated as the best overall car insurance company in 2023.

How many years has Insure.com been ranking insurance companies?

Insure.com has been ranking insurance companies for 11 years.

What is the significance of the Insure.com rankings for consumers?

The rankings help consumers identify the best insurers suited to their individual needs and budgets.