Best Casualty Insurance

Protecting against accidental liabilities

We recommend the best products through an independent review process, and advertisers do not influence our picks. We may receive compensation if you visit partners we recommend. Read our advertiser disclosure for more info.

While you hope to never actually need the coverage, finding and buying the best casualty insurance can help shield you and your family from devastating monetary loss and offer you peace of mind along the way. These insurance policies—which include coverage for homeowners, renters, drivers, and more—protect liable customers from unexpected loss, damage, and even lawsuits.

Without casualty insurance coverage, these everyday circumstances could become financial disasters if you are found liable for someone else’s injuries, property damage, or loss. If sued, you could be left covering these expenses out of your own pocket.

It’s easy to see why this coverage is imperative, but finding the best casualty insurance can be tricky, depending on the type of insurance you want to buy and the level of coverage you need to feel protected. To help with your search, we have sifted through more than 20 insurance carriers to find the best insurance companies for you. We have compared the cost and coverage availability along with financial strength ratings, accessibility, consumer satisfaction reports, and product availability.

The Best Casualty Insurance for 2022

Best Overall : State Farm


State Farm

 State Farm

We picked State Farm as the best casualty insurance company overall due to its consistently high satisfaction ratings and a wide variety of policy types that are offered across the country.

Pros
  • Available in all states and the District of Columbia

  • Many policy types offered

  • Top consumer satisfaction ratings

  • Online quotes, guides, and resources

Cons
  • Policies managed by local agents

  • Discounts not available in all states

Founded in 1922, State Farm is a well-trusted name in the insurance industry, insuring more homes and vehicles than any other U.S. insurance carrier. The company offers various casualty and property coverage options, so you can blend policies to create the coverage you need.

State Farm’s options include home, renters, condo, auto, life, boat, motorcycle, motorhome, ATV, liability, health, small business, and disability insurance. State Farm holds an A++ financial strength rating from AM Best—the highest possible—and earns consistently high consumer satisfaction ratings, even taking fourth in the J.D. Power 2021 U.S. Home Insurance Study.

We named State Farm as our overall pick for casualty insurance thanks, in part, to these habitually high ratings. They offer policies in all 50 states and Washington, D.C., so coverage is accessible to customers everywhere. It’s important to note, though, that while State Farm offers insurance across the country, not all products, services, or discounts are available in every state.

Quotes for many different policies can be obtained online or by contacting a local State Farm agent. You’ll also need to purchase your coverage through one of these independent agents rather than being able to buy online. Customers can save money by bundling multiple policies together, though State Farm is more limited in terms of standalone discounts than some other carriers.

Claims can be filed online, in the State Farm mobile app, or through your local agent. If you need help with your policy or adding coverage, you can find many answers online through State Farm’s comprehensive resource library. You also can contact State Farm customer service or reach out to your local, independent agent.

Best Value : Allstate


Allstate

 Allstate

Along with a variety of policy types and coverage in all 50 states, Allstate gives customers the ability to save up to 25% by bundling certain insurance policies together, earning this carrier our top nod for value.

Pros
  • Offered in all 50 states

  • Many policy types to choose from

  • Save up to 25% by bundling

Cons
  • Need to work with a local agent

  • Online quotes not available for everyone

Allstate is a highly rated carrier offering a variety of casualty insurance products across the U.S. In fact, Allstate is the largest publicly held personal lines insurer in the country in 2022, providing trusted coverage since 1931, and holds an A+ (Superior) financial strength rating from AM Best. They also ranked 10th out of 21 carriers in the 2021 J.D. Power U.S. Home Insurance Study and 14th in the 2021 U.S. Auto Claims Satisfaction Study.

Through Allstate, consumers can purchase many different policies, including casualty and, if desired, full-coverage protection. The policies offered include auto, home, renters, condo, motorcycle, off-road, roadside, business, and life insurance

There are many different cost-saving opportunities no matter which type of coverage you need, and you can save up to 25% on your premiums by bundling certain policies together, which is why we picked Allstate as the best casualty insurance if you’re looking for value.

Homeowners can take advantage of claims-free and responsible payment discounts; drivers can save with student, good driver, new car, paper-free billing, and early signing discounts; and renters who are retired and 55+ can get a discount. Plus, Allstate offers savings just for holding more than one of these policies.

While you can get quotes online for some Allstate products, you’ll need to work with an agent in order to personalize and purchase coverage. Allstate has a large network of Agency Owners and Licensed Sales Professionals nationwide, making it easy to find someone local to work with. Most claims can be filed online, through the easy-to-use Allstate app, or directly with your agent.

Best Auto Coverage : GEICO


GEICO

 GEICO

With top customer satisfaction ratings, a slew of discounts, 24/7/365 customer service, and a range of vehicles that can be covered, GEICO easily wins our pick for the best auto casualty insurance.

Pros
  • Excellent third-party and customer ratings

  • Customer service available 24/7/365

  • Coverage offered for many vehicle types

  • Variety of discount options

  • Coverage can be purchased online

  • Available in all 50 states and Washington, D.C.

Cons
  • Gap coverage not offered

  • Accident forgiveness not available in every state

  • Agents can be limited in some areas.

Easily snagging our top spot for the best auto casualty insurance is GEICO, a carrier that has been offering coverage since 1936. Today, GEICO has written more than 17 million policies to customers across the country and operates in all 50 states and Washington, D.C. While GEICO offers more than just car insurance, its reputation for trusted 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 around.

The company also ranked above average in J.D. Power’s 2021 Customer Satisfaction rankings and holds an A++ (Superior) financial strength rating from AM Best—the highest rating possible.

Through GEICO, drivers can buy casualty insurance policies for their cars as well as their motorcycles, RVs, boats, ATVs, and collector cars. Gap coverage is not currently offered through this carrier.

There are many discounts to choose from when buying auto insurance coverage through GEICO, and it offers accident forgiveness to drivers in many states. You can buy a policy online or through a local agent, but note that some areas may have a limited number of agents available. Claims can be reported and tracked online, through the mobile app, over the phone, or with your agent.

Best Homeowners Coverage : Amica Mutual


As our pick for homeowners casualty insurance, Amica Mutual earns top customer service ratings, provides a wide array of discounts, and even links customers to a network of trusted contractors for their various home improvement projects.

Pros
  • Top consumer and claims satisfaction ratings

  • Provides annual dividends to customers

  • Online quotes offered

  • Variety of discount options

  • 24/7 customer service

Cons
  • Not available in all states

  • Some services and benefits not available in all states

  • No local agents

Amica Mutual was founded in Rhode Island in 1907 and is the oldest mutual auto insurer in the U.S. It also offers homeowners coverage and insurance for renters, condos, life, small business, motorcycles, boats, events, and pets. If you’re shopping around for a new homeowners insurance policy, consider the coverage available from our top homeowners pick.

They offer affordable casualty insurance for homeowners that consistently receives high ratings, pays out dividends to eligible customers, and provides many opportunities for discounts and bundling. Discounts include loyal customer (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 remodeled home.

Homeowners' coverage is not offered in Alaska or Hawaii, and certain features and coverage options are not available in some states. You can reach Amica customer service 24/7, and it provides quotes online or over the phone. However, there are no local agents, so if you prefer an in-person experience, you may want to go with a different provider.

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 beginning in 2001 and as recently as the 2021 study.

Best Renters Coverage : Lemonade


Lemonade

 Lemonade

Using AI technology, Lemonade offers easy-to-manage renters insurance coverage starting at only $5 a month and earns top marks for customer satisfaction.

Pros
  • Renters insurance starting at $5 per month

  • High customer satisfaction ratings

  • App-based and easy to manage

  • Excess profits are donated to chosen causes.

  • 90 seconds to buy coverage

  • Three minutes to get paid out for claims

Cons
  • Available in only 37 states

  • Limited coverage and bundling options

  • No agents available

Since its introduction in 2015, Lemonade has aimed to disrupt the traditional renters and homeowners insurance model. Policies—managed through a top-rated mobile app—provide instant protection for customers looking for renters, homeowners, condo, or co-op insurance, and even pet coverage, all at an excellent price.

We chose Lemonade as our top pick for renters' casualty coverage because they offer policies starting at only $5 a month, claims are simple to file and pay out instantly, and the carrier receives top marks in customer satisfaction. Its mobile app makes it easy to buy or manage your policy, file a claim, and even cancel coverage day or night.

You can purchase a policy in about 90 seconds online, and approved claims are paid out in as little as three minutes. Claim payments are issued directly to your bank account, minus your deductible. 

Online quotes can be obtained in just minutes from your computer or smartphone. If you prefer working with a real-life person to manage your policy, you should note that Lemonade has no agents. Additionally, customer service is limited to emails; they do provide a phone number for emergencies or when you’re unable to access your policy by computer or phone. However, there is not a dedicated toll-free number for everyday questions.

While Lemonade is not yet rated by AM Best, the company has been awarded an A (Exceptional) rating from Demotech for financial stability. Lemonade also was given the highest satisfaction rating among renters insurance providers in the 2021 J.D. Power U.S. Home Insurance Study.

In 2022, Lemonade renters insurance is available in 28 states and Washington, D.C.: 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.

Best Business Coverage : The Hartford


The Hartford

 The Hartford

Our top choice for business casualty insurance is The Hartford, which offers the ability to purchase up to $4 million in liability protection online with a range of coverage options.

Pros
  • Aggregate liability coverage up to $4 million

  • Online quotes offered

  • Policies can be purchased online or through an agent.

Cons
  • Higher priced than many competitors

  • Below-average industry ratings

Since 1810, The Hartford has been providing a range of insurance coverage to millions of customers. It offers everything from auto, home, and umbrella coverage to small business insurance protection that you can purchase in minutes online.

For small business owners, The Hartford offers three categories of coverage: general liability, business property insurance, and business income protection. It also sells a business owner’s policy (BOP) that includes all three coverage types. General business liability protection is offered up to $1 million per occurrence and $2 million as the aggregate, and policies can be purchased online or through an agent.

Business casualty insurance from The Hartford can help owners protect their assets with coverage for professional liability, worker’s compensation, general liability, umbrella, auto, and credit/political risk. Policies are available in 47 states and Washington, D.C., though not all coverage types (and policy limits) are available in all states.

Though claims satisfaction ratings posted on The Hartford’s own website are high—4.8 out of 5 stars from more than 1,000 customers—the company was ranked last in the J.D. Power 2021 U.S. Small Commercial Insurance Study.

Bottom Line

Casualty insurance coverage is an important product to have if you want to protect your financial assets and those of your family or business. With casualty coverage, you are shielded from certain lawsuits and losses if you are held liable for someone else’s injuries or damages.

When buying casualty insurance, it’s important to shop around for the right type of policy that will protect you best. If possible, you also may want to find a carrier that allows you to bundle multiple policies together for even greater savings and peace of mind.

Compare Providers

Our Top Category Notable Benefits and Features
State Farm Best Overall Wide variety of policy types offered, online resources and guides available, with top-rated consumer ratings
Allstate Best Value Offers a number of discount and bundle options with many coverage types to choose from
GEICO Best Auto Coverage Top-rated coverage available for drivers in all 50 states
Amica Mutual Best Homeowners Coverage Earns high customer service ratings, provides online quotes, and connects customers with a network of trusted contractors
Lemonade Best Renters Coverage Coverage can be purchased online in 90 seconds, premiums start at $5 a month, and claims are paid immediately
The Hartford Best Business Coverage Online quotes are offered, and up to $4 million in business liability coverage can be purchased in just minutes

What Does Casualty Insurance Mean?

Casualty insurance covers consumers when they are deemed liable or responsible for certain expenses. Rather than covering the cost of property damage or paying medical bills out of their own pocket, casualty insurance can step in to pay a portion (or all) of these expenses for policyholders.

This type of coverage is different than comprehensive or personal property insurance. Casualty insurance coverage is meant to cover expenses incurred by others, whether you’re in an at-fault 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 damage, loss of others’ property, and related expenses for which they are found liable. Depending on the type of policy, this could include property and physical damages stemming from an at-fault car accident or personal injuries that occur on your property.

How Much Does Casualty Insurance Cost?

The cost of casualty insurance depends on the type of policy chosen (homeowners, auto, renters, motorcycle, etc.) as well as personal factors like your age, location, and coverage limits. While there is no golden standard for how much casualty insurance costs, consumers can purchase renters coverage for as low as $5 per month, while the average auto casualty insurance premiums vary depending on the state.

Your best bet is to shop around and get quotes from multiple, trusted carriers to see which will provide you with the best coverage at the lowest rates.

How We Chose the Best Casualty Insurance

To provide you with a reliable list of the best casualty insurance carriers, we looked at more than 20 insurance companies. We compared the company’s operational history, product availability, financial strength ratings, the price of casualty insurance coverage, and consumer reviews over time. We also considered the ease with which you could obtain a quote, purchase coverage, and manage your policy.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. Business Wire. “AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Most of Its Subsidiaries.

  2. J.D. Power. "Home Insurers Struggle with Customer Loyalty as Boomers Flock to Rental Market, J.D. Power Finds."

  3. Business Wire. “AM Best Affirms Credit Ratings of The Allstate Corporation and Its Key Subsidiaries.”

  4. J.D. Power. "2021 U.S. Auto Claims Satisfaction Study."

  5. Business Wire. “AM Best Affirms Credit Ratings of GEICO Corporation and Majority of Members of GEICO.”

  6. J.D. Power. "Auto Insurance Customer Satisfaction Stalls Despite $18 Billion in Premium Relief, J.D. Power Finds."

  7. AM Best. "Amica Mutual Insurance Company."

  8. Demotech. "Lemonade Insurance Company."

  9. J.D. Power. "Small Business Insurance Customers Feeling Neglected by Insurers, J.D. Power Finds."