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By: Hemanth Ramesh October, 03, 2019

Gavop analyzed data from a market share report published by the National Association of Insurance Commissioners (NAIC) in 2019 to identify the top 5 insurance firms providing multi-peril homeowners’ insurance in Kansas City.

State Farm

State Farm is the largest provider of multi-peril homeowners’ insurance in Kansas City with a market share of 25.29%. AM Best awarded State Farm the highest possible rating of A++ for its superior ability to meet its ongoing insurance obligations.

Everquote rated State Farm 4 out of 5 on customer satisfaction. About 52% of State Farm’s customers said that they would revisit the firm for all their insurance needs, and 40% were keen to continue their relationship with State Farm. Only 6% of customers did not want to re-purchase insurance from State Farm.

American Family

American family is the second largest provider of multi-peril home insurance in Kansas with a market share of 15.28%. AM Best awarded American Family an A rating for its excellent ability to its current insurance obligations.

Everquote gave the firm a score of 4 out of 5 for overall customer satisfaction. About 58% of American Family’s customers stated that they would continue to consult the firm for all their insurance needs while 7% believed that they would continue their affiliation with the brand. However, 35% of consumers said that they won’t be buying insurance from the firm again.

Liberty Mutual

Liberty Mutual holds an 8.64% market share in the multi-peril homeowners’ insurance segment in Kansas. The firm received an A rating from AM Best for fulfilling its ongoing insurance obligations.

Liberty Mutual scored 4 out of 5 on overall customer satisfaction in Everquote’s ratings. About 46% of customers who had previously purchased insurance from Liberty Mutual said they would continue to do so and 44% said they may buy insurance from Liberty Mutual again. About 10% of customers admitted that they were not interested in buying insurance from Liberty Mutual again.

Farmers

Farmers holds a 7.59% market share in the multi-peril homeowners’ insurance segment in Kansas City. AM Best has awarded Farmers Insurance an A rating for its excellent financial ability to meet its current insurance obligations.

Shelter

With a 5.05% market share, Shelter Insurance is another key major player in the multi-peril homeowners’ insurance segment in Kansas City. AM Best gave Shelter received an A+ rating for its excellent financial ability to meet its ongoing insurance obligations.

The graph below shows the market share of the top 5 home insurance firms in Kansas City with the biggest market share.

Kansas_market_share


ABOUT THE AUTHOR

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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.

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