The most common insurance companies for homeowners and renters include Nationwide and American Home Products, according to new data from the Insurance Information Institute.
Both companies provide home and auto insurance.
Nationwide and AHP are the two biggest home and automobile insurers in the United States, according.
Nationwide is in the midst of a $2 billion merger with American Home.
“Nationwide and A HP have been successful in building solid consumer-facing networks for decades,” said John T. Smith, executive vice president and chief financial officer at the institute.
“Both companies have been able to compete successfully against national insurers and attract new customers.”
Nationwide offers home and home office coverage, while AHP offers a wide range of home and garage coverage.
Nationwide’s insurance portfolio is valued at $10.6 billion.
Nationwide, which has the second-largest home insurance portfolio, has been selling home insurance in the U.S. since at least 2006.
“We’re very pleased with the performance of our coverage in the recent past,” Nationwide CEO Tom J. Kostas said in a statement.
“Our customers can rest assured that our products, both current and prospective, meet the needs of today’s diverse, increasingly global landscape.”
The IIS said that the merger has helped American Home to grow its network of more than 1 million coverage locations.
Nationwide offers a broad range of auto insurance products, from a one-stop shop for homeowners, to auto and commercial insurance, to coverage in states that aren’t covered by AHP.
AHP also offers a mix of auto and residential coverage.
According to the latest available data, Nationwide offers the third-highest number of auto coverage locations per 100,000 people.
Nationwide has more than 5.5 million coverage areas nationwide, or 9.5 percent of the U,S.
auto market, according the Insurance Industry Association.
The III’s Smith said the merger will “add billions of dollars in revenue to the bottom line for American Home.”
Nationwide has also been selling its auto insurance for several years.
In 2018, it introduced the “Home Automobile Protection Plan” to help customers protect their vehicles.
It is similar to the one offered by AARP, and it provides a one stop shop for owners and renters.
Nationwide offered the plan to owners of new and used cars for the first time in 2019.
In the past, owners were limited to a limited number of vehicles per household.
The insurer was able to offer the plan as a one time deal for consumers, but it also offered a two-year subscription option for new owners.
Nationwide had a strong record of success in the auto insurance market in the past.
It started offering the Home Automobile Insurance Plan in 2008, and the company has consistently led the industry in auto insurance volume since then.
In 2019, the company said it would offer a two year subscription option.
Nationwide said the new plan would “help more homeowners save on their auto insurance bills.”
In addition to offering auto insurance, the IIS found that the insurance company has been successful at attracting new customers to its website.
Nationwide reported that it added more than 9 million new customers each month through its website in 2018.
Nationwide also reported a 5.3 percent increase in revenue in 2018, and a 9.9 percent increase for 2019.
Nationwide expects its website traffic to grow by about 5.6 percent in 2019, and by 11 percent in 2020.
“When consumers shop for coverage, they want reliable, affordable, and convenient solutions,” Smith said in the statement.
Nationwide will continue to provide insurance for new and existing homeowners and tenants.
AIPA’s Smith noted that AHP’s portfolio of home, auto and automotive insurance products is much smaller than Nationwide’s.
AHI is the third largest home and commercial insurer in the country.
Nationwide plans to continue to sell coverage to homeowners in the future.
In addition, AHP has the lowest percentage of new home and new car customers.
AHA plans to expand its coverage to other regions in the coming years.