Top 5 Home Insurance Companies in Aurora, IL
By: Hemanth Ramesh October, 23, 2019
Gavop has identified the top 5 home insurance firms in Aurora by analyzing the latest market share report published by the National Association of Insurance Commissioners (NAIC) in 2019.
State Farm
State Farm Group is by far the largest insurance provider in Aurora with a market share of 14.97%, which is more than twice that of the next largest insurance provider. AM Best awarded State Farm a rating of A++ for its superior ability to meet ongoing insurance obligations.
Everquote has rated State Farm 4 on 5 for customer satisfaction. About 52% of State Farm’s customers said that they will revisit the firm for all their insurance needs, and 40% said that they were likely to continue their relationship with the firm. Only 6% of customers declined to purchase insurance from State Farm again.
Allstate
Allstate has the second largest market share in Aurora at 6.22%. Allstate received a rating of A+ from AM Best for its ability to meet current insurance obligations.
Allstate has received a score of 4 on 5 stars for customer satisfaction from Everquote. About 64% of Allstate customers expressed willingness to continue buying insurance from the firm, 26% said that they may return to Allstate for their insurance needs, and 10% say they may not buy insurance from Allstate again.
Country Financial
Country Financial owns 4.76% of the insurance market in Aurora. In 2018, the firm collected $1,241,030 direct premiums written whereas the earned direct premium for the year was $1,228,839. AM Best awarded Country INS & FIN Serve Group an A+ for its superior ability to meet ongoing insurance obligations.
Travelers
Travelers Group holds a market share of 4.15% in Aurora. Their direct premium written last year was $1,081,164, and direct premium earned was $1,076,764. The insurance firm received the highest rating of A++ rating from AM Best for its superior ability to meet its current insurance obligations.
Everquote gave Travelers a 4/5 star rating for overall customer satisfaction. 52% of customers state that they would continue to buy insurance from the firm in the future, while 6% of customers said that they were unsure. 42% of customers state that they won’t be consulting the firm for their insurance needs in the future.
Chubb
The Chubb Ltd Group owns 3.88% of the insurance market share in Aurora. In written direct premium, the firm amassed $1,009,638 last year and its earned direct premium was $1,000,795. Chubb also has an A++ rating from AM Best for its ability to meet ongoing insurance obligations.
Everquote gave Chubb a 4.5-star rating out of 5 for overall customer satisfaction. 87% of customers of Chubb state that they would continue buying all their insurance needs from the company in the future, whereas 9% of customers were unsure. 4% of customers state that they won’t be purchasing insurance from the company again.
ABOUT THE AUTHOR
Hemanth Ramesh
Hemanth Ramesh works as a writer for Gavop. He has previously written content for film promotions, start-ups, advertising agencies and event management firms. Hemanth Ramesh completed his MA in Journalism and Mass Communication from The English and Foreign Languages University. His other passion includes script writing.
