How Much Does Country Financial Home Insurance Cost?
Country’s home insurance rates are higher than average. But its low complaints coupled with the option to expand dwelling coverage beyond your limits are why we named Country Financial one of the best home insurance companies.
Cost by Deductible
| Deductible Amount | Annual average cost |
|---|---|
| $250 | $2,323 |
| $500 | $2,052 |
| $1,000 | $1,847 |
| $1,500 | $1,735 |
| $2,000 | $1,680 |
Cost by Dwelling Coverage
| Dwelling Coverage Limit | Annual average cost |
|---|---|
| $200,000 | $1,357 |
| $350,000 | $2,052 |
| $500,000 | $2,747 |
| $750,000 | $3,883 |
Comparing Country Financial Home Insurance
Price
If price is your most important home insurance consideration, Progressive could be a good place to start for quotes. Progressive’s average home insurance rate is nearly $1,000 cheaper than Country Financial. Country Financial’s average home insurance rate is about $100 higher than the national average ($1,951).
When shopping for home insurance, it’s smart to compare home insurance quotes from multiple companies to ensure you don’t overpay. You may find that your specific situation may result in cheaper rates from a company that you didn’t expect.
| Home insurance company | Average cost per year |
|---|---|
| $967 | |
| $1,333 | |
| $1,468 | |
| $1,471 | |
| * | $1,548 |
| $1,610 | |
| $1,808 | |
| $1,981 | |
| Country Financial | $2,052 |
| $2,082 | |
| $2,109 | |
| $2,389 | |
| Shelter | $3,057 |
| $3,441 | |
| National average | $1,951 |
*USAA is available only to veterans, military members and their families.
Military and Veterans
Country Financial doesn’t have a veteran focus like USAA, which is only available to military members, veterans and their families. USAA’s military-related perks make it hard to beat for veterans and military members.
USAA’s military-related benefits include personal property without a deductible if the loss is due to war and military equipment and uniform replacement without a deductible for active-duty members.
If you’re a veteran or a military member, it’s still a good idea to get quotes from companies beyond USAA, so you can compare rates and coverage. You may find better rates or coverage elsewhere that would offset the military-related benefits found with USAA.
High-Value Homes
Country Financial’s home insurance for high-value homes costs more than many of the competitors we evaluated. In fact, its average for $750,000 dwelling coverage is over $400 more than the national average ($3,496). If you’re looking for the cheapest alternative, you should start with quotes from Westfield (if available in your area) and Progressive.
| Company | Annual average home insurance cost for $750,000 in coverage |
|---|---|
| $1,701 | |
| $1,821 | |
| $2,552 | |
| * | $2,561 |
| $2,961 | |
| $2,978 | |
| $3,091 | |
| $3,362 | |
| Country Financial | $3,883 |
| National average | $3,496 |
*USAA is available only to veterans, military members and their families.
High Liability Limits
Chubb offers up to $100 million in liability coverage, which sets it apart for those looking for high liability limits. Country Financial doesn’t offer that level of coverage. But you could buy separate umbrella insurance from Country Financial, which provides higher liability limits than what’s found in a standard home insurance policy, typically up to $500,000.
Coverage Perks
Country Financial may not have the policy add-ons found in Erie Insurance, which received the highest marks in our best home insurance ratings for coverage perks, but Country Financial does offer:
- Extended replacement cost coverage
- Guaranteed replacement cost coverage
- Identity theft coverage
- Scheduled personal property coverage
- Service line coverage
- Sump pump and sewer backup coverage
Extended Coverage for Dwelling
Country Financial offers both extended replacement cost and guaranteed replacement cost coverage as optional coverage.
Extended replacement cost coverage allows you to exceed dwelling coverage limits, usually by a specified percentage or amount, if the cost to rebuild your home is more than your dwelling limit. Here’s how Country Financial competes with competitors that offer extended replacement cost coverage.
| Company | Offers extended replacement cost coverage? |
|---|---|
| From American Family Connect, starting at $5,000 | |
| Up to 25% more | |
| Up to 25% more | |
| Country Financial | Up to 20% more |
| Up to 25% more | |
| Up to 50% more | |
| Up to 20% more | |
| * | Up to 25% or 50% more |
| Up to 25% more |
*USAA is available only to veterans, military members and their families.
Country Financial also provides guaranteed replacement coverage. This coverage guarantees that the insurance company will pay to rebuild your house regardless of cost, as long as it’s caused by a problem covered by your policy. Guaranteed replacement cost coverage isn’t as common as extended replacement cost coverage.
| Company | Offers guaranteed replacement cost coverage? |
|---|---|
| Yes, with American Family Connect | |
| Yes | |
| No | |
| Country Financial | Yes |
| Yes | |
| Yes | |
| No | |
| * | No |
| Yes |
What Types of Coverage Does Country Financial Home Insurance Offer?
Country Financial’s homeowners insurance includes types of coverage that come standard in a homeowners policy:
- Dwelling coverage pays to repair or replace your house and its attached structures, like a garage.
- Other structures coverage pays to repair or replace detached structures on your property, like a shed.
- Personal property insurance is for the theft or damage of personal items, including clothes, rugs, electronics and furniture.
- Liability home insurance is for lawsuits filed against you, such as a visitor who is injured on your property. It also pays for accidental injuries and property damage you or household members cause to others.
- Additional living expenses coverage is for extra expenses when you can’t live at home due to damage covered by the policy, such as fire damage. Hotel bills and restaurant meals are among these possible additional living expenses.
- Medical payments coverage—typically up to $5,000—if non-household members are accidentally hurt and blame you, but it can pay out without determining actual fault.
Other Types of Insurance Offered by Country Financial Insurance
Country Financial sells several other types of insurance, including:
Country Financial Home Insurance Discounts
These home insurance discounts from Country Financial can help lower your cost. (Not all discounts are available in all states.)
- Alarm credit discount if you have smoke detectors, an automatic sprinkler system or alarm monitored by the police or fire department.
- Backup system discount reduces your rate if you have a sump pump failure/backup of sewer or drain coverage endorsement and own one or more backup systems. That includes a water pressure or battery backup or permanently installed generator.
- Claim-free discount lowers your rate if you’ve not filed certain home insurance claims for five years.
- Dwelling age discount if you live in a newer home.
- Good payer discount gives you a break on your bill if you pay on time for at least three years without missing a payment.
- Hail-resistive roof discount if your home’s roof materials are resistant to hail damage.
- Loyalty discount takes effect when you’ve had a Country Financial home policy for at least three years.
- Multi-policy discount if you have more than one insurance policy with Country Financial such as auto and home insurance.
- New roof discount if you have replaced your roof recently.
- Safe heat discount if your home does not have a solid fuel burning unit, such as a wood burning stove.
- Welcome discount is for homeowners with a new policy. You qualify for the discount for three years and you’re then eligible for a loyalty discount.
- Wiring age discount for homeowners who have a new home or upgraded wiring.
Home Insurance Complaints Against Country Financial
Country Financial has a very low complaint ratio compared to other large home insurance companies. A low complaint level can be a strong indicator of high customer satisfaction.
About Country Financial Homeowners Insurance
Started by a group of farmers in 1925, today Country Financial has more than 3,000 employees and 2,000 representatives. Country Financial is the 56th largest home insurance company in the United States.
What Is the Financial Strength Rating of Country Financial Insurance?
AM Best rated Country Financial’s financial strength rating as A+ (Superior). The rating gauges a company’s “financial strength and the ability to meet ongoing insurance policy and contract obligations.” These kinds of ratings are important since you want to ensure an insurance company is stable and will be around to cover you if your home is destroyed.
Methodology
To find the best home insurance we scored companies based on these factors:
- Home insurance rates (40% of score): Based on average rates for each insurance company for homes with dwelling coverage of $200,000, $350,000, $500,000 and $750,000. Source: Quadrant Information Services.
- Complaints (20% of score): Based on complaints about home insurance that were upheld by state insurance departments. Source: National Association of Insurance Commissioners.
- Availability of extended and/or guaranteed replacement cost coverage (20% of score): Extra dwelling coverage is valuable in the event of large disasters, when construction materials and labor costs tend to spike. We gave points to companies that offer either extended or guaranteed replacement cost coverage. Source: Forbes Advisor research.
- Digital experience (10% of score): Based on multiple factors pertaining to a company’s digital experience, including whether it offers online quotes, online claims submissions, ability to pay online, live chat availability, website search functionality and whether the company has an app. Source: Forbes Advisor research.
- Banned dog lists (10% of score): Banned dog breed lists can make homeowners ineligible for coverage. (A company’s banned dog list might not be applicable in all states.) While any homeowners insurance company could potentially ban any dog with a biting history, not all put a ban on specific breeds. Source: Forbes Advisor research.
Read more: How Forbes Advisor rates home insurance companies
