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Cheapest homeowners insurance in October 2024
USAA and Auto-Owners are the cheapest home insurance companies on average, according to Bankrate’s research.
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Cheapest insurance providers in
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare the cheapest home insurance companies
Based on our research, USAA and Auto-Owners offer the cheapest average home insurance rates in the U.S. USAA exclusively serves active-duty military, veterans and their qualifying family members, and Auto-Owners writes home insurance policies in 26 states. If neither company is an option for you, you might want to get homeowners insurance quotes from the other options on our list: American Family, Nationwide, Erie and Allstate.
In the tables below, you’ll find the average premiums for these six cheap home insurance companies to help get you started on your shopping journey.
|
|
|
|
|
---|---|---|---|---|
$121
|
$1,448
|
- $837 |
||
$140
|
$1,681
|
- $604 |
||
$141
|
$1,691
|
- $594 |
||
$142
|
$1,699
|
- $586 |
||
$156
|
$1,871
|
- $414 |
||
$191
|
$2,288
|
+ $3 |
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
|
|
|
|
---|---|---|---|
$134
|
$1,603
|
|
|
$156
|
$1,874
|
|
|
$159
|
$1,908
|
|
|
$169
|
$2,034
|
|
|
$213
|
$2,553
|
|
|
$230
|
$2,760
|
|
|
|
|
|
---|---|---|---|
$160
|
$1,918
|
|
|
$189
|
$2,268
|
|
|
$189
|
$2,265
|
|
|
$210
|
$2,522
|
|
|
$256
|
$3,072
|
|
|
$291
|
$3,494
|
|
How Bankrate picked the cheapest homeowners insurance companies
To find the cheapest home insurance companies, Bankrate’s insurance editorial team started by obtaining October 2024 premium information for the largest homeowners insurance companies by market share from Quadrant Information Services. Because we know that many people want to find not just the cheapest but also the best home insurance, we used J.D. Power customer satisfaction scores and AM Best financial strength ratings in our research. Our analysis method allowed us to identify our top picks for the cheapest home insurance companies on the market. To qualify for ranking on this list, the companies had to meet these criteria:
- Have an average annual premium below the national average for $300,000 in dwelling coverage
- Have a Bankrate Score of 3.0 or higher
- Have an AM Best financial strength rating of A (Excellent) or higher
- Be ranked in the 2023 J.D. Power U.S. Home Insurance Study
Bankrate's trusted insurance industry expertise
Read our full methodology46
years of industry expertise
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
Top 6 most affordable home insurance companies
A good option for military-focused coverage
4.7
4.7
Avg. premium for $300K dwelling
$121/mo
Avg. premium for $300K dwelling
$1,448/yr
Customer satisfaction
881/1,000
-
USAA is the fourth-largest home insurer in the U.S. by market share, according to the Insurance Information Institute (Triple-I). It is widely considered one of the best insurance companies for exceptional customer service, but coverage is only available to members of the military community and their families. If you qualify for coverage, USAA offers some of the best cheap homeowners insurance on the market, with top-notch service, a wide range of coverage options and consistently low premiums. The company carries an A++ (Superior) financial strength rating from AM Best, the highest level available.
A good option for flexible coverage
4.6
4.6
Avg. premium for $300K dwelling
$140/mo
Avg. premium for $300K dwelling
$1,681/yr
Customer satisfaction
834/1,000
-
Auto-Owners offers property coverage in 26 states through a broad network of independent agents. Its home insurance policies are highly flexible, with coverage options like guaranteed home replacement, equipment breakdown and identity theft coverage. In addition to being the second-cheapest company Bankrate reviewed, the carrier also offers several discounts, including multi-policy, water shut-off system and mortgage-free. Auto-Owners has an A++ (Superior) financial strength rating from AM Best.
A good choice for customizable coverage
4.2
4.2
Avg. premium for $300K dwelling
$141/mo
Avg. premium for $300K dwelling
$1,691/yr
Customer satisfaction
813/1,000
-
American Family earned a Bankrate Score of 4.2 out of a potential 5.0, partly for its lengthy list of policy endorsements. With American Family, homeowners can add some of the more run-of-the-mill insurance add-ons like equipment breakdown, sewer backup, identity protection, scheduled personal property and service line coverage. The insurer also offers some more specialized coverage choices like flash flood, hidden water damage, matching siding coverage and senior living protection, which can help protect the personal property of a policyholder in an assisted living facility and add liability protection. However, it does have the lowest AM Best rating on our list, earning an A (Excellent).
A good choice for consolidating insurance and banking products
4.3
4.3
Avg. premium for $300K dwelling
$142/mo
Avg. premium for $300K dwelling
$1,699/yr
Customer satisfaction
812/1,000
-
Nationwide offers diverse coverage options for homes, condos and apartments, farms, pets, vehicles, investment products and much more. For homeowners looking to consolidate their insurance and financial products with one company, Nationwide might be a good choice, as it also offers retirement plans, annuities, mutual funds and other options. Nationwide is not the cheapest homeowners insurance company on our list, but its average premium is still well below the national average. Additionally, the insurer offers several discounts that could help you lower your rate. Nationwide holds an A+ (Superior) financial strength rating from AM Best.
A good choice for first-time homebuyers on a tight budget
4.4
4.4
Avg. premium for $300K dwelling
$156/mo
Avg. premium for $300K dwelling
$1,871/yr
Customer satisfaction
856/1,000
-
Erie’s home insurance rates are well below the national average of $2,285 per year for $300,000 in dwelling coverage, making it a top choice for customers looking for cheap homeowners insurance coverage. The company provides numerous coverage options, like service line protection and sewer backup coverage, to help you tailor your policy to your needs. Over 13,000 local independent agents across 12 states can help you get a quote and buy a policy. The regional company also ranks highly in customer satisfaction, which may give first-time homebuyers both peace of mind and financial breathing room. It holds an A+ (Superior) financial strength rating from AM Best.
A good choice for policy management options
4.2
4.2
Avg. premium for $300K dwelling
$191/mo
Avg. premium for $300K dwelling
$2,288/yr
Customer satisfaction
809/1,000
-
Whatever your preference, Allstate offers options that could make it easy to manage your policy. The company has a nationwide network of brick-and-mortar agencies, a 24/7 contact center and a mobile app. Additionally, Allstate offers robust homeowners coverage options, including extra protection options for those participating in home-sharing and endorsements for musical instruments and sports equipment. Allstate holds an A+ (Superior) financial strength rating from AM Best. Since Allstate is one of the most expensive of our cheapest home insurance companies, it may not be ideal for homeowners on a strict budget. Still, those looking for robust coverage options and multiple ways to handle their policy may want to consider requesting a quote. These factors and more helped Allstate become a 2024 Bankrate Awards winner for Best Home Insurance Company.
Cheapest homeowners insurance companies for different homeowners
The cheapest home insurance company for poor credit: Secura
In every state except California, Maryland and Massachusetts, your credit-based insurance score is one of the rating factors used to determine your home insurance premium. Homeowners with poor credit are statistically more likely to file claims. To compensate for the increased risk, companies usually charge homeowners with lower insurance scores more.
For homeowners with good credit, the national average cost of home insurance is $2,285 per year for $300,000 in dwelling coverage. Homeowners with poor credit pay an average of $3,854 per year for the same policy, while those with average credit pay $2,462.
Based on Bankrate’s analysis of quoted premiums from Quadrant Information Services, these six companies offer competitive premiums for homeowners with average credit. We’ve also included rates for other credit tiers in the table below for comparison purposes.
|
|
|
|
|
---|---|---|---|---|
$1,681
|
$1,123
|
$1,077
|
$976
|
|
Pekin
|
$2,381
|
$1,609
|
$1,534
|
$1,370
|
$2,103
|
$1,646
|
$1,613
|
$1,503
|
|
$2,412
|
$1,531
|
$1,448
|
$1,304
|
|
Hastings Mutual
|
$2,149
|
$1,222
|
$1,120
|
$875
|
$4,283
|
$2,052
|
$1,845
|
$1,567
|
Bankrate's take:
A low credit score can impact your financial stability in many surprising ways and having to pay more for home insurance is just one of them. Insurance actuarial data shows that consumers with lower credit-based insurance scores tend to file more claims than those with higher insurance scores. Homeowners whose insurance score falls into the poor category pay an average of 57 percent more per year for $300,000 in dwelling coverage than homeowners with average credit. Unless you live in California, Maryland or Massachusetts, working to improve your credit from poor to average could potentially amount to around $1,500 in savings each year.
The cheapest home insurance company for new homeowners: Nationwide
If you are a first-time homebuyer, you may be happy to know that several companies offer new purchase or first-time buyer discounts.
These five companies offer some of the cheapest homeowners insurance rates with these discount options, which could help your budget amid the expenses of homeownership.
Home insurance company*
|
Average annual premium
|
---|---|
Nationwide | $1,699 |
Grange | $2,060 |
Travelers | $2,411 |
Allstate | $2,288 |
ASI Progressive | $2,935 |
Bankrate’s take: While shopping for an insurance policy after purchasing a home can feel stressful, being a first-time homeowner may actually work to your advantage. Aside from first-time buyer discounts, many providers offer savings geared toward new customers, such as early shopping discounts. Inquiring about discounts tailored to your situation may save you a significant amount of money now and in the future.
The cheapest home insurance company for claims history: Auto-Owners
While experiencing home damage is never a pleasant experience, it is why we carry homeowners insurance. Rates do typically increase after a home insurance claim, though, so being prepared for the increase and knowing what companies might be cheaper could help you shop once your claim is closed.
The rates below are average annual premiums for $300,000 in dwelling coverage for homeowners with one wind claim on their profile.
Home insurance company*
|
Average annual premium
|
---|---|
Auto-Owners | $1,701 |
USAA | $1,581 |
Erie | $1,924 |
American Family | $1,691 |
Nationwide | $1,732 |
Allstate | $2,463 |
Bankrate’s take: Policyholders with little to no claims are viewed as a lower risk than homeowners with an active claims history. Limiting the number of claims submitted to your insurance provider could help keep your premium lower. Consider only filing claims where the cost of repairs is more than what you can reasonably afford to pay independently. You may want to try to avoid filing claims that cost only a little more than your deductible. Filing multiple claims could lead to having your policy nonrenewed.
The cheapest for bundling home and auto insurance: Erie
Many home insurers incentivize customer loyalty with a bundling discount. If you purchase multiple policies from the same provider, like home and auto insurance, you may be rewarded with a discount. A bundling discount may be another added perk for homeowners who prefer the convenience of using one company for all of their insurance needs.
The premiums listed below represent annual averages for home insurance policies with $300,000 in dwelling coverage.
Home insurance company | Average annual premium | Typical bundle discount |
---|---|---|
Erie | $1,871 | Up to 25 percent |
Nationwide | $1,699 | Up to 20 percent |
State Farm | $1,955 | Up to $1,073 |
Allstate | $2,288 | Up to 25 percent |
Travelers | $2,411 | Up to 10 percent* on auto insurance policy and up to 12 percent on home policy |
*In Texas and Oklahoma, the Travelers bundling discount is capped at 7 percent for auto policies.
Bankrate’s take: The exact amount you save with a bundling discount will likely vary based on where you live, and savings are generally applied to both policies. Bundles do not stop at just home and auto though; some insurers offer discounts for bundling RV coverage, boat insurance, umbrella coverage and more.
The cheapest for homeowners with a high deductible: Secura
The deductible level you choose influences your premium. Your insurance deductible represents your level of financial responsibility when you file a claim with your provider. By shifting some of the financial burden away from your insurance provider, you may be rewarded with a lower premium.
Selecting a deductible is a balancing act between immediate out-of-pocket expenses and long-term premium savings. A higher deductible can be a cost-effective option for those who are financially prepared to pay more out of pocket in the event of a covered incident. This strategy may be particularly appealing for homeowners looking to reduce their insurance costs while still maintaining adequate coverage. Note that most insurance professionals recommend keeping your deductible low enough that you could comfortably pay it with little notice.
Home insurance company | Average premium for $5,000 deductible |
---|---|
Secura | $908 |
Erie | $1,496 |
USAA | $1,119 |
Nationwide | $1,241 |
Auto-Owners | $1,565 |
Cheapest home insurance companies by state
State-specific factors, such as the likelihood of natural disasters and the rising cost of building materials, can affect your home insurance premiums. For example, in states like Florida and Louisiana, where widespread wind damage from hurricanes is more likely, average home insurance rates are often higher than they would be in lower-risk areas.
Through our research, we determined the provider that has the cheapest home insurance rates in each state. According to our research, USAA was the cheapest homeowners insurance company in many states, but note that it only writes policies for active and retired military members and their families, so not everyone will qualify for coverage. Fortunately, many other carriers also offer competitive average rates.
Cheapest companies for homeowners insurance in each state
|
|
|
---|---|---|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$2,745
|
|
Cheapest home insurance company
Umialik
|
Average annual premium for $300,000 dwelling coverage
$986
|
|
Cheapest home insurance company
Armed Forces
|
Average annual premium for $300,000 dwelling coverage
$2,163
|
|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$2,913
|
|
Cheapest home insurance company
Progressive
|
Average annual premium for $300,000 dwelling coverage
$1,480
|
|
Cheapest home insurance company
Grange Insurance Association
|
Average annual premium for $300,000 dwelling coverage
$3,222
|
|
Cheapest home insurance company
Vermont Mutual
|
Average annual premium for $300,000 dwelling coverage
$1,720
|
|
Cheapest home insurance company
Cumberland Mutual Fire
|
Average annual premium for $300,000 dwelling coverage
$966
|
|
Cheapest home insurance company
State Farm
|
Average annual premium for $300,000 dwelling coverage
$5,527
|
|
Cheapest home insurance company
Georgia Farm Bureau
|
Average annual premium for $300,000 dwelling coverage
$2,071
|
|
Cheapest home insurance company
UPC
|
Average annual premium for $300,000 dwelling coverage
$1,191
|
|
Cheapest home insurance company
Mutual of Enumclaw
|
Average annual premium for $300,000 dwelling coverage
$1,282
|
|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$2,272
|
|
Cheapest home insurance company
Buckeye State Mutual
|
Average annual premium for $300,000 dwelling coverage
$1,724
|
|
Cheapest home insurance company
Nationwide
|
Average annual premium for $300,000 dwelling coverage
$2,228
|
|
Cheapest home insurance company
Allstate
|
Average annual premium for $300,000 dwelling coverage
$4,241
|
|
Cheapest home insurance company
AAA
|
Average annual premium for $300,000 dwelling coverage
$3,277
|
|
Cheapest home insurance company
Armed Forces
|
Average annual premium for $300,000 dwelling coverage
$4,296
|
|
Cheapest home insurance company
Vermont Mutual
|
Average annual premium for $300,000 dwelling coverage
$1,227
|
|
Cheapest home insurance company
Brethren Mutual
|
Average annual premium for $300,000 dwelling coverage
$1,537
|
|
Cheapest home insurance company
Narragansett Bay
|
Average annual premium for $300,000 dwelling coverage
$1,660
|
|
Cheapest home insurance company
Auto-Owners
|
Average annual premium for $300,000 dwelling coverage
$1,873
|
|
Cheapest home insurance company
Auto-Owners
|
Average annual premium for $300,000 dwelling coverage
$2,578
|
|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$2,820
|
|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$2,101
|
|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$2,606
|
|
Cheapest home insurance company
American Family
|
Average annual premium for $300,000 dwelling coverage
$5,652
|
|
Cheapest home insurance company
Capital
|
Average annual premium for $300,000 dwelling coverage
$1,097
|
|
Cheapest home insurance company
Vermont Mutual
|
Average annual premium for $300,000 dwelling coverage
$980
|
|
Cheapest home insurance company
Selective
|
Average annual premium for $300,000 dwelling coverage
$1,161
|
|
Cheapest home insurance company
State Farm
|
Average annual premium for $300,000 dwelling coverage
$2,071
|
|
Cheapest home insurance company
NYCM
|
Average annual premium for $300,000 dwelling coverage
$1,735
|
|
Cheapest home insurance company
Lititz Mutual
|
Average annual premium for $300,000 dwelling coverage
$2,435
|
|
Cheapest home insurance company
American Family
|
Average annual premium for $300,000 dwelling coverage
$2,822
|
|
Cheapest home insurance company
Buckeye State Mutual
|
Average annual premium for $300,000 dwelling coverage
$1,316
|
|
Cheapest home insurance company
American National
|
Average annual premium for $300,000 dwelling coverage
$4,833
|
|
Cheapest home insurance company
Mutual of Enumclaw
|
Average annual premium for $300,000 dwelling coverage
$1,015
|
|
Cheapest home insurance company
Cumberland Mutual Fire
|
Average annual premium for $300,000 dwelling coverage
$1,204
|
|
Cheapest home insurance company
State Farm
|
Average annual premium for $300,000 dwelling coverage
$2,064
|
|
Cheapest home insurance company
Progressive
|
Average annual premium for $300,000 dwelling coverage
$2,368
|
|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$2,838
|
|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$2,312
|
|
Cheapest home insurance company
Armed Forces
|
Average annual premium for $300,000 dwelling coverage
$3,916
|
|
Cheapest home insurance company
Mutual of Enumclaw
|
Average annual premium for $300,000 dwelling coverage
$1,246
|
|
Cheapest home insurance company
Vermont Mutual
|
Average annual premium for $300,000 dwelling coverage
$806
|
|
Cheapest home insurance company
Homeowners of America
|
Average annual premium for $300,000 dwelling coverage
$1,546
|
|
Cheapest home insurance company
PEMCO
|
Average annual premium for $300,000 dwelling coverage
$1,426
|
|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$995
|
|
Cheapest home insurance company
Rockford Mutual
|
Average annual premium for $300,000 dwelling coverage
$1,176
|
|
Cheapest home insurance company
Allied
|
Average annual premium for $300,000 dwelling coverage
$1,352
|
|
Cheapest home insurance company
USAA
|
Average annual premium for $300,000 dwelling coverage
$1,377
|
Cheapest homeowners insurance in 20 major cities
While your state plays a big role in your premium, so does your city. Coverage tends to be more expensive in larger metropolitan areas, where the cost of living is higher, but some cities are still cheaper than others. Check out the cheapest home insurance company in some of the largest cities in the country by population, below.
City
|
Cheapest home insurance company
|
Average annual premium for $300,000 dwelling coverage
|
---|---|---|
Los Angeles, CA | USAA | $760 |
Chicago, IL | USAA | $824 |
Houston, TX | Armed Forces | $2,526 |
Phoenix, AZ | Armed Forces | $670 |
Dallas, TX | Armed Forces | $1,944 |
Austin, TX | Nationwide | $1,343 |
Fort Worth, TX | Armed Forces | $1,944 |
Columbus, OH | Buckeye State Mutual | $564 |
Indianapolis, IN | Buckeye State Mutual | $774 |
Charlotte, NC | Lititz Mutual | $50 |
Seattle, WA | PEMCO | $692 |
Denver, CO | Auto-Owners | $1,733 |
Nashville, TN | USAA | $1,069 |
Oklahoma City, OK | Allstate | $3,172 |
Portland, OR | Mutual of Enumclaw | $490 |
Las Vegas, NV | USAA | $991 |
Memphis, TN | Allstate | $1,300 |
Detroit, MI | Auto-Owners | $540 |
Baltimore, MD | USAA | $850 |
Milwaukee, WI | American Family | $769 |
Related content
Insuring your house can be a burden on your budget, but it’s imperative that your coverage meets your needs. Lower limits usually mean lower rates; however, you’ll also have less financial protection. If you skimp on coverage to get a cheaper premium, you may regret it if you have to file a claim and find yourself facing high out-of-pocket costs. Working with an agent can provide you with peace of mind about your coverage decisions. In addition to looking for cheap home insurance rates, you may also want to consider a company’s customer service and financial strength ratings to help ensure that a company will be there for you when you need it most.
How to save on homeowners insurance
Securing a lower premium for homeowners insurance often begins with research to identify affordable providers. However, beyond choosing a competitively priced insurer, there are actionable steps to potentially save even more. One strategy is to reassess your policy for coverage that may no longer be necessary. Over time, changes in your home's value, possessions or personal circumstances can impact your insurance needs. By fine-tuning your coverage to align more closely with your current situation, you might find opportunities to save on your homeowners insurance costs without compromising on essential financial protection.
Common home insurance discounts
You might already get home insurance discounts on your policy, but you could also be missing some options. Talk to your provider to see if there are other ways to save. Sometimes the perks go beyond saving money; there are numerous benefits of bundling your home and auto insurance, for example.
- Bundling policies: If you buy your auto and home insurance from the same company, you might get a significant discount on both policies.
- Installing smart home systems: Installing smart home systems may qualify homeowners for insurance discounts. These usually apply to features that reduce the risk of claims, like smart home locks and property monitoring. If you've recently installed smart home features, you may want to notify your insurance company about these updates.
- Making home updates: If you have a new roof, updated electric system, smart home technology, new HVAC unit or have done other home updates, you might qualify for savings.
- Remaining claims-free: If you haven’t filed a claim within a certain period of time — usually three to five years, although it varies by company — you could save money on home insurance.
- Paying automatically: Enrolling in automatic payments through your insurance provider typically earns you a discount on your home insurance, depending on your provider. Paperless billing options may also offer additional savings.
- Shopping early: When changing home insurance companies, you may be eligible for an early bird discount if you secure and pay for your new policy a few days before the effective date. Typically, providers provide this discount if the policy is purchased seven to ten days ahead of time.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze October 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage levels:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Additional profiles:
- Coverage A, Dwelling: $150,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $15,000, $35,000, $45,000, &75,000
- Coverage C, Personal Property: $75,000, $175,000, $225,000, $375,000
- Coverage D, Loss of Use: $30,000, $70,000, $90,000, $150,000
- Coverage E, Liability: $500,000
- Coverage F, Medical Payments: $1,000
Bankrate Scores
-
Cost & ratings 50%
-
Coverage & savings 30%
-
Support 20%
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.