Top 5 homeowners insurance Companies in Sugarland, Texas
By: Hemanth Ramesh October, 21, 2019
Homeowners in Sugarland, Texas, pay an average homeowner's insurance rate of $770, which is slightly lower than the national average of $1,228. Gavop analyzed market data published by the National Association of Insurance Commissioners (NAIC) to identify the top 5 insurance firms providing multi-peril homeowners insurance in Sugarland. These top 5 insurance firms together own more than 50% of the market in the multi-peril homeowners insurance segment.
This chart shows the market share of the top 5 insurance firms in Sugarland.
State Farm
With 19.55% of the market share, State Farm is the largest provider of multi-peril homeowners insurance in Sugarland. Notably, State Farm has been awarded the highest possible rating of A++ by AM Best for its superior ability to meet ongoing insurance obligations.
Everquote has also rated State Farm 4 on 5 for customer satisfaction. About 52% of the firm’s customers say they will buy insurance from State Farm again, and 40% might continue their association with the firm. Only 6% of customers are not in favor of purchasing insurance from State Farm again.
Allstate
Allstate has a market share of 13.08% in Sugarland and is the second largest provider of multi-peril homeowners insurance in the state of Texas. AM Best has awarded Allstate a rating of A+ for the firm’s ability to meet its current insurance obligations.
In addition, the firm has scored 4 out 5 in overall customer satisfaction ratings announced by Everquote. According to responses from Allstate customers, 64% want to continue buying insurance from the company, and only 26% might do so in the future. However, 10% are not interested in buying insurance from Allstate again.
Farmers
Farmers hold a 10.39% share of the multi-peril segment in the Sugarland insurance market. In 2018, AM Best awarded Farmers an A rating for its superior ability to fulfill insurance obligations.
Everquote has given Farmers a score of 4 out of 5 in customer satisfaction. About 57% of existing customers agreed to continue their association with the firm, while 6% said that they might do so. However, 37% of customers are not interested in buying insurance from the firm in the future.
USAA
USAA is the holder of a 9.70% market share in the multi-peril home insurance segment in Sugarland. USAA has received the highest possible rating of A++ from AM Best for meeting its ongoing insurance obligations.
About 70% of USAA’s customers say they will continue to buy insurance from the company, while 23% might do so. Only 7% of customers admit they will not return to USAA to fulfill their insurance needs.
Liberty Mutual
Liberty Mutual holds a market share of 7.37% in the multi-peril homeowners insurance segment in Sugarland. AM Best has given Liberty Mutual Group an A rating for excellent performance on meeting its ongoing insurance obligations.
Everquote has given the firm a rating of 4 on 5 for overall customer satisfaction. About 46% of customers who have previously bought insurance from Liberty Mutual say they would continue to do so. Roughly 44% of customers say that the might repurchase insurance from Liberty Mutual. Only 10% are not interested in buying insurance from Liberty Mutual 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.
