Cheapest home insurance companies

Lemonade is our top choice for cheap homeowners insurance because it uses artificial intelligence to streamline the process of insuring your home. You can get a quote or file a claim instantly through the Lemonade app.

According to the app’s description in Google Play, you’ll be paid in as little as three seconds if your claim is instantly approved. It also notes that you can easily adjust your policy through the app.

While Lemonade doesn’t offer as many discounts as some competitors, it offers discounts for protective devices and bundling. While AM Best hasn’t rated its financial strength, it rates its financial outlook as “stable.”

Reviewers appreciate how quickly Lemonade processes claims. It uses AI to process claims significantly faster than other companies. Reviewers also like how simple and easy the Lemonade app is to use.

“They made filing a claim easy and walked me throughout the entire process,” said Juan from Texas. “From filing to getting a settlement took less than a week and everything was explained and taken care of quickly.”

Homeowners insurance from Pacific Specialty Insurance Company is available in all 50 U.S. states and Washington, D.C. The company has competitive rates and a slew of discounts that can make it even cheaper. In addition to standard home insurance policies, the company offers flood and earthquake policies.

Another thing we like about Pacific Speciality is that it offers flexible payment options. For instance, deductibles range from $500 to $5,000, allowing you to make the best choice for your budget.

Our reviewers like that Pacific Speciality processes claims quickly and in a straightforward manner. They also appreciate that customer service is courteous, professional and willing to help resolve issues.

“I have had several positive experiences with Pacific Specialty Insurance,” said Jerry from Colorado. “When the hail storm hit, the claim was paid. It was as simple as that.” Jerry added that several of his neighbors who haven’t been happy with their homeowners insurance use more popular companies.

Liberty Mutual offers a wide range of coverage options, including home, condo, mobile home, landlord, flood and umbrella insurance policies. If you opt for more than one policy, it’s possible to bundle and save money. Several other discounts are available, like those for new and newly purchased homes, safe homeowners and those with no recent claims.

Liberty Mutual has a long history, having been in business since 1912. It is also the fifth-largest property and casualty insurer worldwide. These factors, combined with its A rating from AM Best, mean customers can feel good about the company’s financial security.

Our reviewers like Liberty Mutual’s customer service, saying representatives go above and beyond to find the best policy for your needs. They say it’s easy to do business with the company and that it has good rates and coverage options.

“I've had all good experiences so far. Everything about the company is positive,” said Tara from Connecticut. “Their customer service is good. Easy to do business with, good rates and good coverage too.”

In addition to its competitive rates, The Hartford offers several add-on coverages, such as personal liability, identity theft and equipment breakdown coverage. This allows you to protect your home and everything it contains.

The Hartford also makes filing a claim as easy as possible, with specialists available 24/7. The company ranked #1 in customer satisfaction in the J.D. Power 2022 U.S. Property Claims Satisfaction Study.

Customers have had good experience with The Hartford’s customer service, saying representatives are friendly and helpful. They also say The Hartford is helpful when they need to file a claim.

“We are very happy with our homeowners insurance company,” said Karen from Iowa. “They help us, whether it be a claim, a question on a bill. Or just making sure we have the right coverage for our needs.”

We like that Farmers has a large network of local agents, making it easy to get help from someone in person. The company offers a wide range of coverage options and discounts to help you save, including bundling and discounts for specific professions.

Farmers home insurance is available in most U.S. states, though it has exited the insurance business in some states recently. For instance, the company is no longer insuring homes in Florida.

Our reviewers say Farmers has professional agents who are knowledgeable and always willing to step in to help. They praise agents for the support they provide during the claims process, saying they have no problems getting help whenever they need it.

“I was recently involved in an accident where I was injured as the passenger and the driver was at fault,” said Leni from Tennessee. “Jennifer was my agent and arranged the liability coverage for my claim. She was professional and courteous. Her knowledge of what I needed was excellent.”