Best Casualty Insurance is used for Protecting against accidental liabilities.
While you hope to never need the coverage, finding and purchasing the best casualty insurance can protect you and your family from devastating financial loss and provide you with peace of mind along the way. These policies, which cover homeowners, renters, drivers, and others, protect liable customers from unexpected loss, damage, and even lawsuits.
These everyday occurrences could turn into financial disasters if you are found liable for someone else’s injuries, property damage, or loss if you do not have casualty insurance coverage. If you are sued, you may be forced to pay these costs out of your own pocket.
It’s easy to see why this coverage is necessary, but finding the best casualty insurance can be difficult, depending on the type of insurance you want to purchase and the level of protection you require. We sifted through more than 20 insurance carriers to find the best insurance companies for you to assist you in your search. We compared the cost and availability of coverage, as well as financial strength ratings, accessibility, consumer satisfaction reports, and product availability.
The Best Casualty Insurance for 2023
- Best Overall: State Farm
- Best Value: Allstate
- Best Auto Coverage: GEICO
- Best Homeowners Coverage: Amica Mutual
- Best Renters Coverage: Lemonade
- Best Business Coverage: The Hartford
State Farm
We chose State Farm as the best casualty insurance company overall because of its consistently high customer satisfaction ratings and a wide range of policy types available across the country.
State Farm, founded in 1922, is a well-known name in the insurance industry, insuring more homes and vehicles than any other U.S. insurance carrier. The company provides a variety of casualty and property coverage options, allowing you to combine policies to create the coverage you require.
Home, renters, condo, auto, life, boat, motorcycle, motorhome, ATV, liability, health, small business, and disability insurance are all available from State Farm. State Farm has an A++ financial strength rating from AM Best, which is the highest possible, and consistently receives high consumer satisfaction ratings, finishing fourth in the J.D. Power 2021 U.S. Home Insurance Study.
Because of these consistently high ratings, we named State Farm as our overall pick for casualty insurance. Customers can get coverage in all 50 states and Washington, D.C. because they offer policies in all 50 states and Washington, D.C. However, while State Farm provides insurance across the country, not all products, services, or discounts are available in every state.
Quotes for a variety of policies are available online or by contacting a local State Farm agent. You will also be required to purchase your coverage through one of these independent agents rather than online. Customers can save money by bundling multiple policies together, though State Farm’s standalone discounts are more limited than those of other carriers.
Claims can be submitted online, via the State Farm mobile app, or by contacting your local agent. If you need assistance with your policy or adding coverage, State Farm’s comprehensive resource library has many answers. You can also contact State Farm customer service or your local independent agent.
Pros:
- All 50 states and the District of Columbia have it.
- There are numerous policy types available.
- High levels of customer satisfaction
- Quotes, guides, and resources are available online.
Cons:
- Local agents manage policies.
- Discounts are not available in every state.
Allstate
Along with a variety of policy types and coverage in all 50 states, Allstate offers customers the opportunity to save up to 25% on certain insurance policies by bundling them together, earning this carrier our top value nod.
Allstate is a highly rated carrier that provides a wide range of casualty insurance products throughout the United States. In fact, Allstate will be the country’s largest publicly traded personal lines insurer in 2022, having provided dependable coverage since 1931 and earning an A+ (Superior) financial strength rating from AM Best.
In addition, they were ranked tenth out of twenty-one carriers in the 2021 J.D. Power U.S. Home Insurance Study and fourteenth in the 2021 U.S. Auto Claims Satisfaction Study.
Consumers can purchase a variety of policies from Allstate, including casualty and, if desired, full-coverage protection. Auto, home, renters, condo, motorcycle, off-road, roadside, business, and life insurance are among the policies available.
There are numerous cost-saving opportunities available regardless of the type of coverage you require, and you can save up to 25% on your premiums by bundling certain policies together, which is why we chose Allstate as the best casualty insurance provider for value.
Homeowners can save money with claims-free and responsible payment discounts; drivers can save money with student, good driver, new car, paper-free billing, and early signing discounts; and retired and 55+ renters can save money. Furthermore, Allstate offers discounts simply for having more than one of these policies.
While you can get quotes for some Allstate products online, you’ll need to work with an agent to customise and purchase coverage. Allstate has a large network of Agency Owners and Licensed Sales Professionals across the country, making it simple to find someone in your area to work with. Most claims can be filed online, via the Allstate app, or by contacting your agent directly.
Pros:
- Available in all 50 states
- There are numerous policy types to choose from.
- Bundling can save you up to 25%.
Cons:
- Working with a local agent is required.
- Not everyone has access to online quotes.
GEICO
GEICO easily wins our pick for the best auto casualty insurance, thanks to high customer satisfaction ratings, a slew of discounts, 24/7/365 customer service, and a wide range of vehicles that can be covered.
GEICO, a carrier that has been providing coverage since 1936, easily takes our top spot for the best auto casualty insurance. GEICO now serves customers in all 50 states and Washington, D.C., and has written more than 17 million policies. While GEICO provides more than just car insurance, its reputation for dependable auto coverage, claims satisfaction, solid discounts, and customer service accessibility make it an obvious choice for drivers everywhere as one of the best car insurance companies in the industry.
The company also received an A++ (Superior) financial strength rating from AM Best, the highest rating possible, and ranked above average in J.D. Power’s 2021 Customer Satisfaction rankings.
Drivers can purchase casualty insurance policies for their cars, motorcycles, RVs, boats, ATVs, and collector cars through GEICO. This carrier does not currently provide gap coverage.
When purchasing auto insurance from GEICO, you can choose from a variety of discounts, and it offers accident forgiveness to drivers in many states. You can purchase a policy online or through a local agent, but keep in mind that some areas may have a limited number of agents. Claims can be reported and tracked online, via the mobile app, by phone, or in person with your agent.
Pros:
- Outstanding third-party and customer ratings
- 24/7/365 customer service is available.
- Coverage is available for a wide range of vehicle types.
- Various discount options
- Coverage is available for purchase online.
- All 50 states and Washington, D.C. are covered.
Cons:
- There is no gap coverage available.
- Not all states offer accident forgiveness.
- In some cases, agents may be restricted.
Amica Mutual
Amica Mutual was founded in Rhode Island in 1907 and is the country’s oldest mutual auto insurer. It also provides insurance for renters, condos, life, small businesses, motorcycles, boats, events, and pets. Consider the coverage available from our top homeowners pick if you’re looking for a new homeowners insurance policy.
They provide affordable casualty insurance for homeowners that consistently receives high ratings, pays dividends to eligible customers, and offers numerous discounts and bundling options. Loyal customers (two years or more), signing up for auto-pay, having certain equipment in your home (sprinklers, burglar alarm system, fire alarms, etc.), or purchasing a new or remodelled home are all eligible for discounts.
Homeowners coverage is not available in Alaska or Hawaii, and some states do not offer certain features or coverage options. Amica’s customer service is available 24 hours a day, seven days a week, and it offers quotes online or over the phone. However, there are no local agents, so if you prefer an in-person experience, you should consider another provider.
Since 2001, the company has received an A+ (Superior) financial strength rating from AM Best, as well as top marks in J.D. Power’s annual U.S. Home Insurance Study 19 times out of 20.
Pros:
- Top ratings for consumer and claim satisfaction
- Customers are given annual dividends.
- Online quotations are available.
- Various discount options
- 24 hour customer service
Cons:
- Not available in every state
- Some services and benefits are not provided in all states.
- There are no local agents.
Lemonade
Lemonade, which uses AI technology, provides easy-to-manage renters insurance coverage starting at $5 per month and receives high marks for customer satisfaction.
Lemonade has aimed to disrupt the traditional renters and homeowners insurance model since its inception in 2015. Policies managed via a top-rated mobile app—provide instant protection for customers looking for renters, homeowners, condo or co-op insurance, and even pet insurance, all at an affordable price.
Lemonade was chosen as our top pick for renters’ casualty coverage because they offer policies starting at $5 per month, claims are simple to file and pay out instantly, and the carrier has high customer satisfaction ratings. Its mobile app makes it simple to purchase or manage your policy, file a claim, and even cancel coverage at any time of day or night.
A policy can be purchased online in about 90 seconds, and approved claims can be paid out in as little as three minutes. Claim payments, less your deductible, are deposited directly into your bank account.
Online quotes are available in minutes from your computer or smartphone. If you prefer dealing with a live person to manage your policy, Lemonade does not have any agents. Furthermore, customer service is limited to emails; a phone number is provided for emergencies or when you are unable to access your policy via computer or phone. However, there is no dedicated toll-free number for general inquiries.
While Lemonade has not yet been rated by AM Best, the company has received an A (Exceptional) financial stability rating from Demotech.
In the 2021 J.D. Power U.S. Home Insurance Study, Lemonade received the highest satisfaction rating among renters insurance providers.
Lemonade renters insurance will be available in the following states and the District of Columbia by 2022: Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, Washington, and Wisconsin.
Pros:
- Renters insurance is available for as little as $5 per month.
- High levels of customer satisfaction
- App-based and simple to use
- Excess profits are donated to charitable organisations.
- 90 seconds to purchase insurance
- Three minutes to receive payment for claims
Cons:
- Only 37 states have it.
- Coverage and bundling options are limited.
- There are no agents available.
The Hartford
The Hartford is our top pick for commercial casualty insurance because it allows you to buy up to $4 million in liability protection online with a variety of coverage options.
Since 1810, The Hartford has offered a variety of insurance products to millions of customers. It provides everything from auto, home, and umbrella insurance to small business insurance protection, all of which can be purchased online in minutes.
The Hartford provides three types of coverage for small business owners: general liability, business property insurance, and business income protection. It also offers a business owner’s policy (BOP) that includes all three types of coverage. General business liability coverage is available for up to $1 million per occurrence and $2 million in aggregate, and policies can be purchased online or through an agent.
The Hartford’s business casualty insurance can help owners protect their assets by providing coverage for professional liability, worker’s compensation, general liability, umbrella, auto, and credit/political risk. Policies are available in 47 states and the District of Columbia, though not all coverage types (and policy limits) are available in every state.
Despite having high claims satisfaction ratings on its own website (4.8 out of 5 stars from over 1,000 customers), The Hartford was ranked last in the J.D. Power 2021 U.S. Small Commercial Insurance Study.
Pros:
- Up to $4 million in aggregate liability coverage
- Online quotations are available.
- Policies can be obtained either online or through an agent.
Cons:
- Priced higher than many competitors
- Industry ratings are below average.
Summery
Casualty insurance coverage is essential if you want to protect your financial assets as well as those of your family or business. You are protected from certain lawsuits and losses if you are held liable for someone else’s injuries or damages if you have casualty coverage.
When purchasing casualty insurance, it is critical to shop around for the best policy to protect you. If possible, look for a carrier that allows you to combine multiple policies for even more savings and peace of mind.
Related Questions
What Does Casualty Insurance Mean?
Consumers are covered by casualty insurance if they are found to be liable or responsible for certain expenses. Rather than paying for property damage or medical bills out of pocket, policyholders can rely on casualty insurance to cover a portion (or all) of these costs.
This is not the same as comprehensive or personal property insurance. Casualty insurance is intended to cover expenses incurred by others, such as if you are at fault in an accident, someone is injured in your home, or your business is sued for damages.
What Is Included in Casualty Insurance?
Casualty insurance protects consumers from property damage, loss, and related expenses if they are found liable. This could include property and physical damages resulting from an at-fault car accident or personal injuries sustained on your property, depending on the type of policy.
How Much Does Casualty Insurance Cost?
Casualty insurance costs vary depending on the type of policy selected (homeowners, auto, renters, motorcycle, etc.) as well as personal factors such as your age, location, and coverage limits. While there is no set price for casualty insurance, consumers can purchase renters insurance for as little as $5 per month, with average auto casualty insurance premiums varying by state.
Your best bet is to shop around and obtain quotes from a variety of reputable carriers to determine which will provide you with the best coverage at the most affordable rates.
How We Chose the Best Casualty Insurance?
We reviewed over 20 insurance companies to provide you with a reliable list of the best casualty insurance carriers. Over time, we compared the company’s operational history, product availability, financial strength ratings, the cost of casualty insurance coverage, and consumer reviews. We also considered how simple it was to get a quote, buy coverage, and manage your policy.
