Industry Insights

2017 Top Home Insurance Companies by Market Share verified by Contractor’s Cloud

By October 31, 2017December 21st, 2020No Comments

Below is a chart of America’s top insurance companies for 2017. We know the year is not over yet, but this is a good representation of insurance companies by market share.

The data sample is the 13,500 largest claims entered into Contractor’s Cloud by our customers from January 1, 2017 to October 31, 2017.

State Farm has a vast majority of the claims (26.62%) followed by AllState (10.62%),  and Farmer’s Insurance (7.13%).

You can compare this data with a study done by Nerdwallet.com (April 7, 2016) and Insurance Business America (May 31, 2016). However, the chart closely resembles the study done by Insure.com (Aug. 1, 2012).

Our customers providing the data are mainly insurance restoration contractors that specialize in roofing, siding, gutters, and windows from all over the country. They are able to enter and track claim numbers, dates of loss, and deductibles for their customers (homeowners) within the Contractor’s Cloud claim tracking interface. This data greatly helps our contractors provide faster and higher quality service for their homeowners.

 

Last Updated on December 21, 2020.

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