Palomar Specialty Insurance Review & Ratings (2023)
This Palomar Specialty Insurance Review will cover Palomar Specialty Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. To compare insurance rates from the best companies in your area, enter your ZIP code below.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Jun 23, 2022
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- Palomar offers several forms of both commercial and residential property and casualty insurance
- Insurance products with Palomar include homeowners insurance, flood insurance, earthquake insurance, and more
- Palomar has a BBB- (good) rating with A.M. Best
There are countless companies that offer property and casualty insurance in the United States. Sometimes, it can be difficult to know which are the best insurance companies for your unique needs.
Palomar Specialty Insurance offers commercial and residential insurance for property and casualty needs in several states in the U.S. Take a look at this review to see whether Palomar could work for you.
If you are looking for homeowners or other types of property and casualty insurance, your best bet is to use online quote tools to find and compare rates from multiple companies in your area to make sure you’re getting the best deal.
In fact, you can use our free quote tool above to search for affordable property and casualty insurance today.
What types of insurance does Palomar offer?
Palomar Specialty Insurance Company offers commercial and residential insurance products in several U.S. states.
With regard to commercial insurance options, Palomar Insurance offers the following:
- Differences in conditions coverage
- Earthquake insurance
- Flood insurance
- Inland marine coverage
- Real estate investor insurance
When it comes to residential property and casualty insurance coverage, Palomar offers:
- Earthquake insurance
- Flood insurance
- Hurricane insurance
- Specialty homeowners insurance
Palomar’s earthquake, flood, and hurricane insurance can be purchased as stand-alone insurance policies or as add-ons to a specialty homeowners policy.
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What does Palomar’s homeowners insurance cover?
Palomar’s homeowners insurance policies are offered through Cabrillo Coastal, which offers all-risk or open peril policies. These homeowners policies include protection against fire, lightning, theft, and wind damage.
Cabrillo Coastal’s homeowners policy also includes additional coverage for personal property and additional structures on the property that are associated with the main dwelling.
Lastly, a homeowners policy with Cabrillo Coastal includes both medical payments and liability coverage.
Homeowners insurance with Cabrillo Coastal through Palomar is only available in Alabama, Mississippi, North Carolina, New Jersey, Rhode Island, and South Carolina.
Palomar Specialty insurance company claims can be filed online or over the phone with an agent. You will need your policy number and some basic information about the loss.
How much are insurance rates with Palomar Specialty?
Palomar does not offer rates for any of its insurance products on its company website. Being a specialty insurance company, you can expect insurance rates to be higher than average.
Specialty products can vary greatly in price. See the table below for annual rates for flood insurance as an example.
| State | Average annual price |
|---|---|
| Connecticut | $1,198 |
| Maine | $1,065 |
| Hawaii | $1,033 |
| Rhode Island | $1,001 |
| New Mexico | $974 |
The difference in rates between New Mexico and Connecticut is profound. But you’ll never really know how much you can expect to pay for specialty insurance until you get quotes from multiple companies to compare.
Similarly, homeowners insurance policies vary in rates from one ZIP code to the next. The table below shows the average annual rates for homeowners insurance in different states in the U.S.
Average Annual Homeowners Insurance Rates by State
| State | Average Annual Rates |
|---|---|
| Alabama | $1,433 |
| Alaska | $959 |
| Arizona | $825 |
| Arkansas | $1,373 |
| California | $1,008 |
| Colorado | $1,495 |
| Connecticut | $1,479 |
| Delaware | $833 |
| District of Columbia | $1,235 |
| Florida | $1,951 |
| Georgia | $1,267 |
| Hawaii | $1,102 |
| Idaho | $730 |
| Illinois | $1,056 |
| Indiana | $1,000 |
| Iowa | $964 |
| Kansas | $1,584 |
| Kentucky | $1,109 |
| Lousiana | $1,968 |
| Maine | $882 |
| Maryland | $1,037 |
| Massachusetts | $1,488 |
| Michigan | $942 |
| Minnesota | $1,348 |
| Mississippi | $1,537 |
| Missouri | $1,285 |
| Montana | $1,174 |
| Nebraska | $1,481 |
| Nevada | $755 |
| New Hampshire | $972 |
| New Jersey | $1,192 |
| New Mexico | $1,017 |
| New York | $1,309 |
| North Carolina | $1,086 |
| North Dakota | $1,253 |
| Ohio | $862 |
| Oklahoma | $1,885 |
| Oregon | $677 |
| Pennsylvania | $931 |
| Rhode Island | $1,551 |
| South Carolina | $1,269 |
| South Dakota | $1,202 |
| Tennessee | $1,196 |
| Texas | $1,893 |
| Utah | $692 |
| Vermont | $918 |
| Virginia | $999 |
| Washington | $854 |
| West Virginia | $940 |
| Wisconsin | $779 |
| Wyoming | $1,156 |
| Countrywide | $1,211 |
As you decide which products you need, be sure to check around with multiple companies to get the best deals and find affordable coverage that you’re happy with.
If you’re interested in Palomar, you can connect with an agent who will use their Palomar Specialty agent login to help answer any questions you might have and give you more information on insurance rates in your area.
Does Palomar have good ratings and reviews?
Palomar Specialty insurance reviews are all pretty positive. The company has a BBB- (Good) rating with A.M. Best along with a stable outlook for the future.
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Should I purchase Palomar Specialty Insurance?
Specialty insurance is a niche market, so if you’re in need of a product that Palomar offers, there’s no harm in speaking to an agent to get a bit more information.
Standard insurance rates for property and casualty insurance coverage will probably be cheaper with other companies that don’t offer specialty insurance coverage. So keep that in mind as you’re doing your research.
And don’t forget to search online to find quotes from the best and most affordable companies in your area.
You can start by using our free quote tool below to find property and casualty coverage in your area that fits your budget.