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Homesite Insurance review: auto, home and life

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Founded in 1997, Homesite was one of the first insurance companies to allow customers to buy property insurance instantly online. Since then, the company has expanded into more insurance products, including auto, life, commercial and flood insurance.

In 2014, American Family acquired Homesite and continues to directly write new policies under the Homesite brand. Today, the company sells insurance in 47 states and Washington, D.C. This review breaks down Homesite’s most popular policies—auto, home and life insurance.

Homesite auto insurance

Homesite Insurance promises a wide range of coverage options, flexible deductibles and fast claims handling for its auto insurance customers. Drivers can easily get a quote online and buy coverage the same day.

Coverage

Homesite’s standard auto insurance policies are fairly basic and include collision, comprehensive, property damage and bodily injury liability.

The company’s coverage add-ons are somewhat limited and include:

  • Medical expenses
  • Rental car reimbursement
  • Personal injury protection
  • Roadside assistance

Discounts

Homesite also offers a few common discounts that can help drivers save money on their insurance:

  • Affiliation groups (college alumnus, employer groups, military members, etc.)
  • Good student
  • Good driver
  • Driver education course
  • Vehicle safety features
  • Garaged vehicles
  • Policy bundling
  • Multi-vehicle
  • Electronic payments
  • Pay in full
  • Early renewal

Homesite home insurance

Homesite stands out for its home insurance coverage, which is robust and offers important protections for peoples’ homes and personal belongings. The company has over 20 years of experience selling property insurance online, directly to customers.

Coverage

Homesite offers basic coverage to satisfy mortgage lenders, which covers the home, loss of use, medical payments to others and personal property. They also offer a wide variety of options that can be added to any policy for more customized coverage, including:

  • Pet bites
  • Building code renovations
  • Falling debris coverage
  • Power outage coverage (covers cost of spoiled food)
  • Damage away from home
  • Identity theft protection
  • Personal injury protection
  • Valuables coverage
  • Extended coverage on your home
  • Water backup coverage
  • Earthquake coverage

Discounts

Homeowners can take advantage of many discounts with a policy from Homesite Insurance, including:

  • New home
  • Moving in discounts (switch from condo or renters policy to homeowners policy)
  • Policy bundling
  • Retired homeowner
  • Home safety equipment (anti-theft system, fire alarms and fire sprinklers)
  • Age of roof (less than 10 years old)
  • New construction
  • Endorsement package options (save on endorsement bundles)

Homesite life insurance

Homesite is not known for its life insurance policies, but the company does offer a few term and whole life insurance options. It’s life insurance policies are underwritten by parent company American Family, which has impressive financial strength and solid ratings. Instant online quotes are available for every policy type.

Types of policies offered

These are the life insurance policies that Homesite sells:

  • Term life insurance: Terms available for 10, 15, 20 or 30 years, with coverage ranging from $150,000 to $2 million.
  • Simplified term life insurance: Terms available for 10, 15, 20 or 30 years, with coverage ranging from $50,000 to $500,000.
  • Children’s whole life insurance: Protects a child for their lifetime and builds cash value over time.
  • Senior whole life insurance: Lifetime protection with $10,000 or $15,000 in coverage.

Reasons why Homesite is a good option

Homesite is a good option for anyone shopping for homeowners insurance. Property insurance is Homesite’s standout coverage, and it is customizable and comprehensive. Homesite also offers a few endorsement policies that are hard to find, like falling debris and power outage coverage.

Homesite Insurance also offers instant rate quotes online for every insurance product, including life insurance, which is fairly unique. For those who prefer to purchase insurance and manage their policy almost entirely online, Homesite may be a good option to consider.

Homesite ratings, reviews, customer satisfaction and complaints

Homesite’s reviews demonstrate the company’s strengths and weaknesses. The insurance carrier appeared in J.D. Power’s 2020 U.S. Home Insurance Study but scored towards the bottom of the list. And although an A rating from AM Best is good, many of Homesite’s competitors have better financial strength.

Based on the NAIC Complaint Index, Homesite has higher than average customer complaints overall. However, the complaints specific to auto, home and life insurance are all below average. The BBB gives Homesite an A+ rating, but the company has an average rating of one-star based on 65 customer reviews.

Additional policies offered by Homesite

In addition to auto, home and life insurance, Homesite also offers the following coverage:

Frequently asked questions

Is Homesite a good insurance company?

Overall, Homesite is a good insurance company. However, some policies are better than others. For instance, Homesite’s auto insurance policies are fairly basic and lack comprehensive coverage that other providers offer. On the other hand, Homesite’s home insurance is excellent, with a variety of coverage options and good discounts. Homesite also offers a few different life insurance policies backed by reputable provider American Family.

Does Homesite sell policies online?

One of Homesite’s main benefits is that people can shop for policies, get a price quote, purchase coverage and even file a claim online. The company does not have insurance agents, which could be a downside for those looking for a more personal touch.

How much does Homesite insurance cost?

To get specific prices, applicants will need to start the quote process with Homesite. Like any insurance company, the cost of a Homesite policy depends on several factors like the type of policy, where the applicant lives, their credit score, age, insurance claims history and more. It’s a good idea to consider shopping around with various providers to get a better sense of typical costs for each individual. This general information about costs for home insurance, life insurance and auto insurance may help get the process started.

Source: on 2020-11-12 11:18:45

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