Is the insurance company with the lowest rates the one we should always go with?

How do I know if they are a good company? I am shopping for a new homeowner's insurance and Allstate came back with the lowest price. I don't know what else to look for with an insurance company other than low rates.

“The cost of a car or home insurance policy is the determining factor for many insurance shoppers. It isn’t the only factor to concern yourself with.
Here are a few other things to keep in mind:
  • Financial stability
  • Ease of doing business
  • Customer service
The financial stability rating for insurance companies can be found by going to the AM Best at This site sho how financially sound an insurance company is, which directly relates to its ability to make claim payments.
How do you like to conduct business? Do you prefer to meet an agent in person, over the phone, or maybe primarily through apps and emails? Every carrier is different, so keep in mind what will work best for you.
A good way to verify if a carrier has good customer service is to check online reviews and investigate their JD Power ranking.
If you would like to compare several carriers at once, downloading the free app, Jerry is a great place to start. Jerry can shop with over 50 carriers and help you compare rates and coverage right from your phone.”
Shannon Martin
Answered on Jul 26, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.

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