Smart decisions start with our list of top insurance providers
Our Nerds compared coverage, customer feedback, and more to bring you the best insurance providers of 2024. While some winners may be partners, this didn't influence our decisions.
Smart decisions start with our list of top insurance providers
Our Nerds compared coverage, customer feedback, and more to bring you the best insurance providers of 2024. While some winners may be partners, this didn't influence our decisions.
Financial strength ratingThese ratings, which indicate an insurer's ability to pay future claims, are based on assessments from independent agencies such as AM Best, Moody's and Fitch.
Exceptional
NAIC complaintsRatings are based on complaints to state regulators relative to a company's size, according to three years' worth of data from the National Association of Insurance Commissioners.
Fewer than expected
Policies offeredTerm policies last a set period of time such as 20 years, while permanent policies last a lifetime. No-exam policies don't require a medical exam.
Term & no-exam
Online purchaseThis indicates whether the company offers a way to apply for and purchase policies entirely online.
Yes
Why our Nerds love it
Lemonade sells term life insurance via a user-friendly digital application, and eligible applicants can get up to $1.5 million in coverage online.
NAIC complaintsRatings are based on complaints to state regulators relative to a company's size, according to three years' worth of data from the National Association of Insurance Commissioners.
Far fewer than expected
Ease of useRatings are determined by our editorial team. Our "ease of use" category looks at factors such as website transparency and how easy it is to file a claim.
Above average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Great set of discounts
Why our Nerds love it
Auto-Owners has the cheapest rates for drivers in more states than any other widely available insurer. A different insurer might be cheapest in your state.
NAIC complaintsRatings are based on complaints to state regulators relative to a company's size, according to three years' worth of data from the National Association of Insurance Commissioners.
Fewer than expected
Coverage optionsRatings are based on the number of coverage options a company offers in comparison to other insurers.
About average
DiscountsRatings are based on the number of discounts a company offers in comparison to other insurers.
Average set of discounts
Why our Nerds love it
Travelers has the cheapest rates for homeowners in more states than any other widely available insurer. A different insurer might be cheapest in your state.
NerdWallet's award winners are chosen through a rigorous evaluation process involving 39 writers and editors. NerdWallet's ratings formulas for credit cards, for example, consider the type of card being reviewed (such as cash back, travel, or balance transfer) and the card's rates, fees, rewards, and other features. For mortgages, we evaluate loan average rates and fees, loan types and products, online rate information, ease of application and other factors. For more info, see our methodologies.
Our team of nerdy experts is composed of writers and editors — based all across the country — who have a combined 493 years of journalistic experience reviewing and writing about personal finance products for consumers.
Yes. Writers and editors use comprehensive scoring formulas that assess each financial product’s key features, weighting them according to their importance to consumers.
Nope. Editorial team members are solely responsible for creating all product reviews and ratings, and these assessments reflect their opinions alone. Only products that meet the editorial team’s standards appear in our Best-Of Awards lists, meaning no company can “buy” an award.
Our Best-Of Awards are given annually to the top financial products on the market. Our other “best” articles may:
• be longer than our Best-Of Awards list
• offer additional consumer choices
• get updated as products change or are discontinued and as new products emerge
This year's Best-Of-Awards list winners were chosen in mid-October 2023, with the exception of Best Airline Rewards Program, which was chosen in early November 2023. Student loan winners were chosen in early April 2024.
Our 2023 Best-Of Award winners are still live. If you’d like to see who won last year, feel free to take a look and compare with this year’s winners.
