Best Van Insurance in August 2024

Geico

Geico Overview

Geico is a well-known insurance company that primarily offers auto insurance, though it also provides a variety of other insurance products, including homeowners, renters, and motorcycle insurance. The company is recognized for its competitive pricing and user-friendly online tools.

One of the standout features of Geico is its emphasis on affordability, offering various discounts for safe driving, multiple policies, military service, and more. The company has a reputation for customer service, providing support through a variety of channels, including mobile apps, websites, and phone lines.

In terms of coverage, Geico provides standard options such as liability, comprehensive, collision, and personal injury protection. They also offer add-ons like roadside assistance, rental car reimbursement, and gap insurance, giving customers flexibility to tailor their policies to their needs.

Geico is often recognized for its financial stability and strong claims process, which adds to its appeal for those seeking reliable and cost-effective auto insurance solutions.

StateFarm

StateFarm Overview

State Farm is one of the largest and most well-known car insurance providers in the United States. Established in 1922, it has become a trusted name in the insurance industry, offering a wide variety of coverage options for drivers.

Its offerings include the standard car insurance policies like liability, collision, and comprehensive coverage, as well as additional features such as roadside assistance, rental car reimbursement, and rideshare insurance for drivers working with companies like Uber or Lyft.

State Farm also provides discounts for safe driving, bundling home and auto policies, and having modern safety features in vehicles, such as airbags or anti-theft devices. The company operates with a vast network of agents across the U.S., which allows for a personalized, customer-centric experience. State Farm aims to provide reliable and accessible insurance solutions, catering to a broad range of customer needs.

USAA

Pros and cons

USAA Home Insurance Overview

USAA performed exceptionally well across all our sub-ratings, ranking no lower than third in any category except for the sub-rating on the cheapest homeowners insurance. It achieved the top spot for home and auto bundling, customer loyalty, likelihood to be recommended, likelihood to be renewed, and overall value.

USAA homeowners insurance is exclusively available to its members, which includes current and former military personnel and their immediate families. USAA policies offer military-specific protections, such as coverage for military uniforms and equipment for active-duty members and no deductible for damages or losses due to war.

Unlike many other insurers in our ratings, USAA includes replacement cost coverage as a standard feature, meaning depreciation is not considered when valuing your belongings. Identity theft coverage is also included in a standard policy.

However, USAA offers fewer coverage options compared to some other companies we evaluated.

Availability: USAA operates in all 50 states and Washington, D.C.

Allstate

AM Best Rating: A+

Monthly Cost: $184.15

Multi-policy Discount: Available

Pros and cons

Allstate Home Insurance Overview

Although Allstate didn’t secure the top spot in any of our sub-ratings, it performed strongly across the board, ranking in the top two or three in most categories except for the cheapest homeowners insurance companies, where it is No. 4. Notably, Allstate is ranked second for both best homeowners insurance companies for claims handling and best value.

Allstate offers a range of add-ons for its standard policy. You can select from common extras such as coverage for water backups and valuable items, as well as less common options like coverage for home sharing or upgrades to more energy-efficient items following a covered loss. If you run a home business, higher limits for business property are also available.

While you can obtain quotes through Allstate’s website, purchasing a homeowners insurance policy requires working with an agent.

Availability: Allstate provides policies in 49 states and Washington, D.C. However, as of June 2023, new policies are not being issued in California. Residents seeking an online quote in California will be redirected to Hippo, an online insurance provider owned by Allstate.

Nationwide

Pros and cons

Overview

Nationwide generally performed well in our sub-ratings, with a few exceptions. It scored below average in both the categories of homeowners insurance companies most likely to be renewed and homeowners insurance companies for customer loyalty, earning 4.1 out of 5 in each category, compared to an average score of 4.2. Nationwide ranked sixth in our rating for the cheapest homeowners insurance companies, with an average monthly premium of $236, but it excelled in our homeowners insurance for value sub-rating, tying for third place.

Nationwide’s standard homeowners policy includes coverage for credit card fraud and building ordinances, helping to pay for repairs or rebuilding to meet current building codes after a covered loss. Optional coverages are available for water backup and identity theft, as well as for replacement costs of your belongings and dwelling.

Nationwide offers several discounts, including those for smart home devices and protective systems such as security alarms and smoke detectors. There is also a discount for renovating plumbing, electrical, or heating and cooling systems, as well as a discount for switching from another insurance provider based on the number of years with the previous insurer.

Availability: Nationwide provides homeowners insurance policies in 44 states and Washington, D.C.