What is the Best Hurricane Insurance?

The Top Hurricane Protection For 2022

Overall Best: State Farm

Most Economical: Kin

Best Coverage for Personal Property: Lemonade

State Farm

Due to its extensive agent network in the majority of hurricane-prone areas, solid financial standing, and lengthy history of guiding clients through the post-storm experience, State Farm was selected as the top overall hurricane insurance provider.

Pros

• A sizable insurer with regional representatives
• A++ strength rating, the highest available, from AM Best
• Extensive resources and expertise in hurricanes

Cons

• Possibly not the most affordable prices in your area
• Average customer satisfaction scores for cases involving property

State Farm will probably cover you no matter where you are, even in hurricane-prone states (with the exception of Florida), whereas many insurers only offer certain types of coverage or work in a certain number of states. State Farm is a great option for various insurance needs because it has been in operation since 1922 and receives high marks for its financial stability and operational excellence.

You would need to enroll in both a regular homeowners policy and a separate storm insurance policy in order to receive hurricane coverage with State Farm. The National Flood Insurance Program provides flood insurance (NFIP).

You may simply find a local agent in many regions because it is a big insurer. For discounts, combine your home, auto, and life insurance policies. You'll also benefit from the convenience of working with a single company that has a thorough understanding of your family's needs. The process of enrolling in a new policy is quick and involves a lot of information.

Kin

Kin's insurance covers hurricanes, allowing you to have only one homeowners policy, and switching typically results in savings of $500 or more for new customers.

Pros

• Insurance policies for homeowners cover wind damage from hurricanes.
• Simple application process online
• According to Kin, clients who switch save $500 on average.

Cons

• Only accessible in a select few states
• A small, inexperienced insurer that is relatively new.

Relatively new insurance, Kin was established in 2016. Kin makes it a point to include coverage for hurricane wind damage on all homeowner policies and lets you add flood insurance as a rider to the same policy, despite the fact that it only provides insurance in California and storm-prone Florida. It offers a lot of appeal for individuals wishing to save money on insurance because you don't need to buy a separate policy for storm damage and because Kin says the average homeowner saves $500 when switching.

For savvy internet users, Kin is largely online insurance. However, note that you won't have the same level of access to on-site assistance as you would with major insurers with an agent-based model. It isn't rated by the major organizations that assess financial stability or customer satisfaction, but it receives an A grade (Exceptional) from Demotech and a 4.8 rating with more than 1,800 reviews on Trustpilot.

It is not appropriate for everyone because it does not provide additional coverage options or package options. However, a quick online application that is quite easy to use can provide you with a quote.

Lemonade

Lemonade provides quick and simple online home insurance coverage with a separate deductible for personal items that, by default, covers hurricane windstorm damage for homeowners and renters.

Pros

• You have precise control over your coverage through a simple online method.
• High ratings for both financial soundness and consumer happiness
• Deductible for hurricanes displayed throughout the application process

Cons

Not accessible in Florida, Louisiana, or Hawaii, three hurricane-prone states

Lemonade is another wonderful choice if you prefer to manage things online. Lemonade separates your homeowner's insurance so that it covers your house, other structures, your possessions, and lost use of your house. You'll receive a personalized offer for your hurricane deductible when you apply. Your home and property will be covered for the wind damage that hurricanes bring as long as you agree to a hurricane deductible (which does not include flood damage). You can accurately assess your property coverage and choose the appropriate coverage using the app and website.

If you need to make a claim, it might be processed more quickly via an automated system, but you can still call and speak to a person if you'd rather. For your single-family home or condo, Lemonade can nonetheless provide you comprehensive hurricane coverage while being a smaller insurer. It also provides vehicle, pet, and renter plans. There are savings for packages.

Demotech has given Lemonade an A for financial stability.

Although it isn't ranked for home insurance, J.D. Power's 2022 renters insurance survey gave it the highest customer satisfaction rating.

It is likely that this service carries over to the homeowner's product as well, making it an excellent option for protecting your property (and home) against hurricanes overall.