Best Homeowners Insurance Companies
Homeowners insurance policies protect your home and the people in it. Your policy will include two coverages – property protection and liability coverage. Property protection covers the value of your property when it’s damaged, and liability coverage protects you when someone gets hurt on the premises of your property.
Compare Homeowners Insurance Companies
|Lemonade Homeowners Insurance||Read Reviews|
Provides home insurance with adjustable deductibles. Policy covers reconstruction, loss of use, on-site injuries, personal liability and personal property. Covers items worth up to $1,500. Extra coverage endorsement available.
|Policygenius Homeowners Insurance|
Read 6 Reviews
A licensed homeowners insurance expert will help you decide how much coverage you need before shopping around for quotes from top homeowners insurance carriers. When you switch, they’ll handle the paperwork for you.
|EverQuote Home Insurance Services|
Offers tools to let both renters and buyers compare home insurance companies and connect to local home insurance agents. Survey only takes two minutes. Site is free to use.
|AAA Homeowners Insurance|
Read 298 Reviews
Well-known as an auto-insurer and emergency roadside assistance provider, AAA also provides customers with home insurance policies. The company offers condo and renters insurance, as well.
|USAA Homeowners Insurance|
Read 294 Reviews
USAA is a trusted insurance company that offers benefits to customers who are members of the military as well as their extended families. The company was founded in 1922, and it is based out of San Antonio, TX.
|Allstate Homeowners Insurance|
Read 906 Reviews
Allstate is one of America's largest insurance corporations, and they offer homeowners insurance in addition to auto, rental, motorcycle, life, business, and condo insurance. The company is headquartered in Northbrook, IL.
|State Farm Homeowners Insurance|
Read 1,000 Reviews
State Farm is a large insurance company headquartered in Bloomington, IL. The company offers a wide range of insurance services, including homeowners insurance, to customers across the United States and Canada.
Read 375 Reviews
Homesite Insurance is a company based out of Boston, MA that offers homeowners insurance policies to its customers. The company offers a wide range of insurance options, from flood insurance to renters insurance.
|Liberty Mutual - Homeowners|
Read 341 Reviews
Liberty Mutual is a large insurance company based out of Boston, MA. This trusted company has been providing customers with a selection of insurance policies such as home, auto, and life insurance since it was founded in 1912.
|TrustedChoice.com Homeowners Insurance||Read 157 Reviews|
TrustedChoice.com connects you with an independent insurance agent who can comparison shop insurance policies for you, saving you time and money. Connect to hundreds of agents that will simplify your insurance, and your life.
What does homeowners insurance cover?
Homeowners insurance protects the people and belongings in your home if there’s a break-in or an accident such as a fire, windstorm, hail or lightning strike. Some natural disasters, like floods and earthquakes, require separate insurance. Protected items include personal belongings, furniture, shrubs, trees and plants. Your homeowners insurance also protects you if someone gets hurt while on your property.
- Dwelling coverage
If you ever experience the total loss of your home due to a disaster listed in your policy, you’ll want to be sure your homeowners insurance provider would pay enough to rebuild the exact same house in the exact same location.
- Other structures coverage
Other structures coverage protects structures that are part of your property but not attached to your home, such as a fence, if they’re destroyed or damaged due to a covered risk. Some common items that are inclued under other structures coverage include:
- Swimming pool
- Detached garage
- Personal property coverage
Furniture, clothes, electronics, collectibles and other personal items are covered if they are stolen or destroyed by an insured disaster. Most companies will provide personal belongings coverage for 50–70 percent of the amount of insurance you have on the structure of your home. Each homeowners insurance policy varies in dollar limits or off-premise coverage, so review yours closely.
- Liability coverage
Liability covers homeowners (and even their pets) against lawsuits for bodily injury or property damage caused to other people or other people’s property outside your home. Liability limits generally start at about $100,000, but many homeowners opt for additional coverage or increase their liability policy to cover a much broader range of incidents.
- Additional living expenses coverage
Most homeowners insurance policies will pay for expenses that come up when your home is uninhabitable due to damage from a natural disaster or other event. There’s a limit, though, to how much you can spend.
What does homeowners insurance not cover?
Standard homeowners insurance policies don’t cover every risk to your home. You can usually add additional coverage on to your policy, such as insurance to cover risky items like pools and trampolines. You may have to buy separate policies for natural disasters that aren’t covered in your standard policy.
- Emergency living expenses
Some homeowners may require additional coverage for living expenses if they are unable to live in their home due to a covered disaster
Homeowners policies don’t cover flood damage, but depending on where your home is located, you may want to consider flood insurance through the National Flood Insurance Program through a private insurer. If your home is in a flood plain, your mortgage lender will likely require this additional coverage.
Standard homeowners insurance pollcies don’t cover earthquakes. They might cover damage that results from an earthquake, though, such as if a fire results from an earthquakes and causes damage. You can get earthquake insurance as a separate policy if you live somewhere that’s prone to earthquakes.
- Trampoline accidents
Homeowners policies stay away from trampolines since they are such a high risk. Your premium will likely raise if you have a trampoline, and certain policies won’t cover injuries that result from them at all. Make sure you speak with your insurance agent before you let your kids (or yourself) loose on your backyard trampoline.
- Pool accidents
Pools are another hazard for homeowners, and most home insurance liability policies aren’t enough to cover deaths or accidents caused by or in a pool. If you are getting a pool, you should consider raising your liability to $300,000 to $500,000 to make sure you are covered in the event of a tragedy.
- Stolen cash
Stashing cash under your mattress or in your coffee can isn’t just a bad idea from an investment standpoint. It can also leave you high and dry in the event of a burglary or other disaster. Generally, $200 is all that home insurance policies will cover, so you’re out of luck if you have $5,000 in cash sitting around the house that gets stolen or lost in a fire. Get your cash into a bank account now so you don’t wind up paying for it later.
How much is homeowners insurance?
On average, U.S. homeowners spend around $95 per month on homeowners insurance. Homeowners insurance costs can vary widely depending on where you live, the company you purchase insurance from and what types of and how much coverage you buy. Adding coverage for a pool or trampoline will increase your cost. Compare premiums and coverage costs from multiple companies before choosing a provider. Understand how deductibles and premiums work to make sure you’re getting the best coverage you need for a price you can afford to pay every month.
- Deductibles: A deductible is the portion of a covered loss you must pay before your insurance company will pay. When an insurance policy has a high deductible, the insurer will generally charge less for annual premiums.
- Premiums: Yearly homeowners insurance premiums vary widely and depend on multiple factors including how much coverage you need depending on the value of your home and the personal possessions inside of it.
- Discounts: Many insurance companies offer specific discounts on deductibles and premiums for things such as bundling insurance, being a loyal customer, installing safety and security devices in your home, or not filing a claim for a certain period of time.
Types of homeowners insurance policies
HO-1 is a basic form policy with limited coverage. It’s a named peril policy, meaning it only covers 10 things that are explicitly named in your coverage such as damage from fire/smoke, explosions, lighting, hail, windstorms, theft, damage from vehicles and aircraft, riots and volcanic eruption.
This provides dwelling coverage for 16 named perils along with personal liability and personal belongings if they are named in your coverage.
This is the most common type of home insurance policy and is also known as a “separate form policy.” They’re affordable and cover most natural disasters. They’ll specifically spell out what’s excluded from your policy. These policies include dwelling coverage, liability and other structures coverage.
This is renters insurance and protects you against all 16 named perils. It only covers personal belongings because the owner of the property is the one who insures the dwelling. Most HO-4 policies also include liability coverage.
This is a more comprehensive version of HO-3 insurance. It’s open policy and can cover damage from things like earth movements, floods, water damage, pets, mold, war and deterioration, among others. Not every home is eligible for HO-5 insurance, and not every insurance provider offers it.
Otherwise known as condo insurance, this type of homeowners insurance is specifically for condo owners and usually offers protection from the same risks as HO-3 insurance. The dwelling is usually covered through the homeowners association.
This insurance is like an HO-3 but is specifically for owners of manufactured or mobile homes.
This insurance is very similar to HO-3 but is specifically for old homes, including historic homes, which might have a replacement cost that’s higher than the home’s cash value.
What to look for in homeowners insurance
Homeowners insurance policies are usually only needed in urgent situations, so speed is always a factor when dealing with the insurance company. Homeowners insurance companies vary greatly in terms of how quickly they can get insurance claims processed and paid.
- Claims processing: A bureaucratic company can take a while to process insurance claims, which can be inconvenient when a homeowner needs money for a repair or help in an emergency situation. Other companies may be known for fighting policyholders over claims amounts.
- Claims adjuster: During the claims process, the insurer’s adjuster will assess the damage caused by incident and provide a preliminary estimate of the total cost for clean up, repairs and restoration. Most homeowners insurance adjusters work directly for private insurance companies, while you can also hire an adjuster who works independently to conduct “non-sanctioned” appraisals. These public adjusters are often used by homeowners who are dissatisfied with the insurance company’s claims adjuster.
Customer service is essential for policyholders who have questions about their coverage or require assistance during a time of emergency. Some homeowners insurance companies communicate directly with customers and do not deal with independent agents. Other companies use middlemen, who can be independent insurance agents or “captive” insurance agents (who only work for one insurance company).
- Central customer service: Some insurance companies offer one central contact location for customer service, where all problems are heard and handled.
- Localized customer service: Some homeowners insurance providers use individual local agents to communicate with and handle the needs of policyowners.
- Digital customer service: Some companies use various online methods to communicate with customers, making the access to service convenient no matter where the customer is located.
Homeowners insurance companies are rated by major insurance industry services including A.M. Best, Standard & Poor’s and Moody’s. Highly rated insurance companies will have a minimum rating of A- and tend to have customers who are happy with their service and coverage. The lower an insurance company’s rating, the less financially secure it is, the greater risk there is that it could be unable to pay on customers’ claims, and the less likely it will be well-liked by customers.
- Customer service & satisfaction ratings: Insurance companies are rated by such firms as J.D. Powers & Associates in the area of customer satisfaction, which is a reflection of how well customers’ needs are met.
- Price & policy value ratings: A valuable homeowners policy will provide the coverage you need at an affordable premium.
- Financial strength ratings: These ratings measure a company’s ability to pay claims to policyholders, which indicates whether or not the company will be around when disaster strikes.
- Claims service ratings: Insurance providers are also rated on how effectively they handle claims filing, processing, adjustments and payments.
Homeowners insurance questions
- How can I lower my homeowners insurance?
- There are a lot of ways you can lower your home insurance premium, whether it’s by changing providers or negotiating with your current provider. If you want to lower your payments, try:
- Increasing your homeowners deductible
- Bundling your home and auto coverage
- Eliminating unnecessary coverage
- Investing in a home security system
- Looking for discounted rates
- How do I find the best homeowners insurance?
- Research popular providers to find out what kinds of policies they offer, then read consumer reviews to find out about other peoples’ experiences. Finding the best homeowners insurance plan will depend on what factors are most important to you, so figure out what kind of coverage you want and pick a provider who specializes in it.
- Is it better to bundle home and auto insurance?
- You could get a better homeowners insurance rate by bundling your home and auto insurance. It’s a convenient option that allows you to work with the same provider for both policies, instead of dealing with the confusion of having multiple providers. Work with your insurance provider to see if you can score discounted rates by bundling your coverage.
- Are online insurance quotes accurate?
- If you’re interested in picking a new provider or want to see how your current rates compare, getting an online insurance quote is the place to start. To request a quote online, you’ll need to have all of the necessary information on-hand about your home to ensure that your quote is accurate.
- What should I look for when buying home insurance?
- There are two main things to consider when buying home insurance:
- Coverage options. Contact a few different providers to compare their coverage options.
- Pricing. Depending on the provider, you may be able to negotiate a better premium if you bundle coverage.
- What happens if you lose homeowners insurance?
- Mortgages require you to have adequate home insurance, so if you lose your coverage, try to get new coverage as soon as possible.
Thank you, you have successfully subscribed to our newsletter!
Home insurance reviews
Based in Minneapolis, Trustedchoice.com is an independent insurance supplier. The company works with over 140,000 independent insurance agents to connect you to the agent who fits your needs.
Allstate is one of America’s largest and most popular insurance companies. The company provides many types of insurance, including auto insurance, life insurance, homeowners insurance and more.
State Farm is one of America’s largest and most popular homeowners insurance companies. Headquartered in Bloomington, IN, the company has been providing Americans different types of insurance since 1922.
Homesite is a company that is solely focused on providing people insurance for their residences. Homesite is one of the newer homeowners insurance companies around, founded in 1997, and the company operates out of its headquarters in Boston, MA.
Farmers is a large, national insurance provider. The company was founded in 1928 and has grown to provide insurance policies for automobile owners, homeowners and motorcycle owners.
Nationwide was first founded in 1925 in Columbus, Ohio. Originally, it had 1,000 policyholders. Today, it’s one of the country’s largest insurance companies, and it offers several types of insurance, including homeowners insurance and auto insurance.
Liberty Mutual was founded in Massachusetts in 1912. The company, now headquartered in Boston, offers many types of insurance, including auto, life and homeowners.
The Hartford is a Fortune 500 insurance and investments company originally founded in 1810. The company provides several types of insurance, including auto insurance and homeowners insurance.
AAA is a large, nationwide insurance company that offers various types of insurance. While AAA is best known for its auto insurance policies, it also offers homeowners insurance policies to interested parties.
USAA was founded in 1922 and serves members of the military and their families. The company offers insurance policies, banking, investment options and other financial services.
American Family Insurance has operated for over 80 years, and it offers a wide range of insurance policies. The company offers homeowners insurance in more than 19 states across America.
Progressive Homeowners Insurance is a division of the Progressive Corporation, a large company known for offering a wide range of insurance products including rental, condo, mobile home and traditional home coverage.
Auto-Owners homeowners insurance helps protect property owners from unexpected repair and replacement expenses. With customized policy options that cover everything from major utility systems to contents, this insurance company offers total coverage options.
Erie Insurance has been in business for close to a century. Serving Illinois, Indiana, Kentucky, Maryland and the District of Columbia, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin. The company provides homeowners and renters with coverage for several types of dwellings including houses, apartments, condominiums and manufactured homes.
Founded in 1939, Farm Bureau Financial Services has been providing homeowners insurance for nearly eight decades, and it offers plans for single-family dwellings, townhomes, duplexes, fourplexes, mobile homes and condominiums. Farm Bureau Financial Services serves residents in the Western and Midwestern United States, including Arizona, Iowa, Kansas, Minnesota, Nebraska, New Mexico, South Dakota and Utah.
Specializing in home insurance for people whose properties may not prove eligible for coverage with other companies, Foremost Insurance is licensed in all fifty states. Foremost partners with local agents so that homeowners can always receive face-to-face answers for all their policy questions.
MetLife Homeowners offers insurance protection for a variety of home types, regardless of whether they're owned or rented. This includes houses, condos, apartments, mobile homes and manufactured homes. The insurance covers home contents, as well as property damage from causes such as theft, fire and smoke, and liability protection for lawsuits resulting from injuries sustained by visitors.
Safeco is an insurance company that offers an array of insurance packages, including homeowners insurance. They help make obtaining homeowners insurance more affordable by offering discounts and monthly installment plans. Safeco is backed by Liberty Mutual Insurance, which is one of the top 100 largest U.S organizations.
Compare Homeowners Insurance Companies
|Farmers Homeowners Insurance|
Read 400 Reviews
Farmers Insurance was originally founded in 1928 in Los Angeles. The company offers a wide range of insurance options, including home, auto, business, motorcycle, umbrella, and renters insurance for interested buyers.
|Progressive Homeowners Insurance|
Read 125 Reviews
Progressive Homeowners Insurance is a part of Progressive Corporation, a large insurance company that was founded in Mayfield Village, Ohio in 1937. The company offers home insurance policies to a range of homeowners and renters.
|Nationwide - Homeowners|
Read 279 Reviews
Nationwide Insurance is a company that was founded way back in 1926. Headquartered in Columbus, OH, this trusted company offers customers comprehensive homeowners insurance policies backed by years of experience in the industry.
|Travelers Homeowners Insurance|
Read 213 Reviews
Travelers Homeowners Insurance offers customers homeowners insurance protection to take care of their homes as well as all of the belongings inside of it. The company was founded in 1853 in Saint Paul, Minnesota.
|National General Homeowners Insurance|
Read 83 Reviews
National General Homeowners Insurance offers guaranteed and extended home replacement in the 48 contiguous United States. You can opt for a Green Upgrade, which allows up to $50,000 of coverage rebuilt with sustainable materials.
|American Family Insurance - Homeowners|
Read 133 Reviews
American Family Insurance offers its customers a wide array of insurance options including homeowners, casualty, health, travel, renters, business and auto insurance. The company is headquartered in Madison, Wisconsin.
|Farm Bureau Homeowners|
Read 57 Reviews
Farm Bureau Financial Services offers a variety of insurance coverage for homeowners. It offers quick and easy online account access in addition to other contact methods for viewing claims and accounts.
|AARP/Hartford Homeowners Insurance|
Read 141 Reviews
The Hartford and AARP have teamed up to offer customers homeowners insurance for members of AARP. These companies offer protection for a wide array of situations including owned homes, rentals, and condos, as well.
Read 71 Reviews
Erie Insurance is a Fortune 500 company that takes pride in providing excellent 24/7 customer service. They employ local agents in order to develop meaningful relationships with all of their customers.
|Metlife Homeowners||Read 34 Reviews|
MetLife Homeowners offers a variety of home insurance policies for personal home owners, renters and landlords. This includes collision coverage for mobile and manufactured homes that are being moved from one home site to another.
Read 48 Reviews
Founded in 1923, Safeco provides a variety of packages, including personalized homeowner insurance options tailored to the individual's needs. They offer 24/7 assistance with claims and affordable monthly installment plans.
|Country Financial Homeowners Insurance||Read 77 Reviews|
Country Financial Homeowners Insurance, founded in 1925, is headquartered in Bloomington, IL. Originally founded as an insurance company that focused on fire and lighting damage, the company now offers insurance to homeowners.
Read 44 Reviews
Foremost Insurance offers comprehensive and customized home insurance policies for high-risk homes and people who have been declined by other agencies. It also serves those dealing with cancellation of homeowner's insurance.
|The Hartford - Homeowners|
Read 124 Reviews
Founded in 1810, The Hartford is one of the oldest and most trusted insurance companies in the United States. Based in Hartford, CT, the company offers homeowners insurance policies in addition to vehicle insurance.
|Pacific Specialty Insurance|
Read 57 Reviews
Pacific Specialty Insurance is an insurance company that has been in business for about 30 years. The company offers homeowners insurance and other options to customers living in every state within the United States.
|Citizens Property Insurance Corporation|
Read 79 Reviews
Citizens Property Insurance is an insurance company that was created by the Florida legislature in 2002. Its purpose is to insure Florida homeowners who are entitled property insurance but are unable to find it.
|Alfa Homeowners Insurance|
Read 34 Reviews
Alfa Homeowners Insurance offers homeowners insurance policies to customers who wish to protect their property in case of potential physical damage. The company was founded back in 1946 by the Alabama Farmers Federation.
|AIG Homeowners Insurance|
Read 22 Reviews
AIG is a large insurance company that offers insurance policies to individuals and businesses. In addition to offering homeowners insurance, the company also sells policies for life, retirement, investment, and more.
|Auto-Owners homeowners insurance|
Read 16 Reviews
With almost 100 years of experience in the insurance industry, Auto-Owners homeowners insurance has the financial resources necessary to handle disasters. This Fortune 500 company has a written premium of over $5 billion.
|California FAIR Plan|
Read 9 Reviews
The California FAIR Plan is a group that includes all California insurers who are allowed to insure property. The organization offers insurance to those in the state who can't otherwise find insurance for their property.
Information in this guide is general in nature and is intended for informational purposes only; it is not legal, health, investment or tax advice. ConsumerAffairs.com makes no representation as to the accuracy of the information provided and assumes no liability for any damages or loss arising from its use.
Keep an eye on your inbox, the latest consumer news is on its way!