Your home is one of your biggest investments, so it deserves exceptional protection. When the unthinkable happens — like a natural disaster or a burst pipe — having a great home insurance policy can offer the invaluable peace of mind that your family and belongings are well taken care of.
With so many options, shopping for the right home insurance can be a time-consuming endeavor. To help you compare, our team created this guide to highlight the best homeowners insurance companies available nationwide.
Our Top Picks
Best OverallAmica
Comparing the Top Homeowners Insurance Providers
Get a quick overview of our top picks for home insurance providers below.
Company | Ranking | Best for |
|---|---|---|
Amica | Ranking 5.0Expertise.com ranking | Best for Best overall |
Farmers | Ranking 4.8Expertise.com ranking | Best for Membership perks |
Liberty Mutual | Ranking 4.7Expertise.com ranking | Best for Discounts |
Progressive | Ranking 4.6Expertise.com ranking | Best for Bundling |
State Farm | Ranking 4.6Expertise.com ranking | Best for New homeowners |
Travelers | Ranking 4.5Expertise.com ranking | Best for Affordable premiums |
USAA | Ranking 4.4Expertise.com ranking | Best for Veterans and military members |
How We Ranked the Best Homeowners Insurance Companies
Our team created a methodology to fairly and accurately review the following home insurance providers.
We collected data points from company websites, spoke with company representatives, and gathered state regulator and third-party data. From there, we ranked each company based on their scores in the following categories:
Financial strength: We evaluated each company’s ability to pay future claims based on assessments from independent agencies like AM Best and Demotech. Companies with a higher score from these third-party companies ranked higher in this category.
Customer satisfaction: We examined J.D. Power’s 2022 Property Claims Satisfaction Study that provides an analysis of customers’ perceptions and expectations of their insurer’s performance throughout the entire claims experience. Companies that ranked higher on J.D. Power’s list scored higher in this category.
Coverage availability: Our team examined state availability for each company and rated companies with more availability higher than competitors.
Consumer experience: We analyzed each company’s website, mobile app, quote tool, and customer service availability to evaluate the overall consumer experience.
Consumer complaints: We reviewed complaints to state regulators as reported by the National Association of Insurance Commissioners (NAIC). Companies with a better NAIC complaint index rating scored higher in this category.
Premium cost: We gathered homeowners insurance quotes based on a sample home of 2,606 square feet in Naperville, Illinois. Companies that provided lower quotes scored higher in this category.
Jump to the bottom of the article for more information on our methodology.
1. Amica
Amica
5.0Expertise.com rankingKey Takeaways
- AM Best's Credit Rating: A+
- J.D. Power rating: 886 out of 1,000
Pros
- Offers two coverage options: Standard Choice and Platinum Choice
- Offers a dividend policy that can pay you back up to 20% of your annual premium
- Rated No. 1 on the 2022 J.D. Power Property Claim Satisfaction Index
Cons
- Coverage is not available in Hawaii and Alaska
- Dividend policy option is not available in all states
- Must call for a free quote
Why we chose Amica: With over 115 years of experience, Amica has established itself a top competitor in the home insurance industry. Amica’s home insurance is available in every state but Hawaii and Alaska.
Amica stands out from competitors with its long track record for customer satisfaction. The company tops J.D. Power’s property claim satisfaction study and overall customer satisfaction study, which tracks with Amica’s low customer complaint index rating from the National Association of Insurance Commissioners (NAIC).
The company’s standard coverage policy offers a wide range of additional coverage add-ons, including replacement cost for your home or personal property, water backup, and special computer coverage, at an extra cost. Amica also offers a Platinum Choice policy that expands your coverage to include extra protection like increased liability, medical payment coverage, and additional coverage for lost or stolen valuables.
As for unique perks, Amica has a network of contractors that have been fully vetted for quality and fair estimates. The company also has a dividend program that returns a portion of money back to you that you’ve already paid toward your insurance policy. On average, these payments can be 5%-20% of your annual premium. However, the dividend program is not available in California, Florida, Missouri, or North Carolina.
2. Farmers
Pros
- Three coverage tiers available: Standard, Enhanced, and Premier
- Declining Deductible reduces your deductible by $50 each year your policy remains in force
- No banned-dog list: Certain breeds commonly wind up on an insurer’s banned-dog list, meaning the company won’t offer liability protection for damage caused by those dogs. Farmers does not ban any breeds from liability protection.
Cons
- Coverage not available nationwide
- Discounts and features vary by state
Why we chose Farmers: Farmers is the fifth-largest home insurer in the country, with a reputation for high customer satisfaction and flexible policy options.
The company offers three tiers of home insurance coverage, which allows you to seamlessly customize your policy.
Standard: Basic package that includes six standard coverages: dwelling, other structures, personal property, additional living expenses, personal liability, and medical coverage
Enhanced: Includes everything within the Standard package plus extended coverage limits and replacement cost coverage for your roof and belongings
Premium: Includes everything within the Standard package in addition to increased coverage limits for valuables, many coverage endorsements, and guaranteed replacement cost coverage
Farmers also offers a unique Declining Deductible option, which reduces your insurance deductible for every policy period that you don’t file a claim. This perk can reduce your deductible by $50 each year your policy remains in effect. The company also offers a unique discount for non-smokers and those that have quit smoking for at least two years.
The company does offer a free quote online, but to buy a policy you’ll need to contact a local agent. While this isn’t a bad thing and can offer helpful context before you buy, the process will take a bit longer.
3. Liberty Mutual
Liberty Mutual
4.7Expertise.com rankingKey Takeaways
- AM Best rating: A
- J.D. Power rating: 876 out of 1,000
Pros
- Available nationwide
- Easy quote and claim process
- Offers optional inflation protection that adjusts your policy limits at renewal to keep up with national inflation rate
Cons
- Coverage and discounts vary by state
- No liability coverage for certain dog breeds
Why we chose Liberty Mutual: As the fourth-largest home insurer in the county, Liberty Mutual is known for its affordable premiums and nationwide coverage.
Liberty Mutual offers a comprehensive standard HO3 plan, but add-ons like personal property replacement cost and water backup come at an extra cost. A notable endorsement is Liberty Mutual’s inflation protection coverage. This option increases your policy’s coverage limits each year to keep pace with inflation.
There are many discounts available with Liberty Mutual, including a new homeowner discount, new roof discount, claims-free discount, and early shopper discount that can save you money if you get a quote before your current policy ends.
For those that prefer a digital experience when shopping for and purchasing home insurance, Liberty Mutual is one of the only insurers that allow you to get a quote and buy a policy online — without needing to speak with an agent. However, talking with an agent is still an option for those that prefer less of a digital insurance experience.
4. Progressive
Progressive
4.6Expertise.com rankingKey Takeaways
- AM Best rating: A+
- J.D. Power rating: 874 out of 1,000
Pros
- Progressive Home Advantage partners with third-party affiliates to find the most affordable policy option
- Large network of more than 35,000 agents
- Available nationwide
Cons
- Not all third-party affiliates are highly rated for customer service and satisfaction
- Progressive doesn’t underwrite policies
Why we chose Progressive: Unlike other home insurers, Progressive offers home insurance through third-party affiliates. The third party you choose will underwrite your policy and be your go-to for filing claims and making payments.
This partnership allows you to compare multiple policies to find an affordable option that provides the coverage level you’re seeking. On the flip side, not all third-party affiliate companies are well rated for customer service and claim satisfaction.
The company offers a variety of online tools, including the HomeQuote Explorer tool that allows you to compare rate quotes from multiple providers and choose which third-party insurer you want to go with.
Progressive offers a unique perk with its single deductible option. Car insurance customers that also insure their home with Progressive can pay a single deductible in the event that your home and auto are damaged in the same incident.
5. State Farm
State Farm
4.6Expertise.com rankingKey Takeaways
- AM Best rating: A++
- J.D. Power rating: 876 out of 1,000
Pros
- No restrictions for dog breeds
- Variety of add-on coverages
- Several bundling options available
Cons
- Limited discount options available
- Higher than average complaints with NAIC
Why we chose State Farm: With over 100 years of experience, State Farm is the largest home insurer in the country and offers coverage in all 50 states.
Of the quotes we gathered for this piece, State Farm offered the second-lowest rate, with an option to save $578 by bundling home and auto. This would bring the annual premium from $1,717 to $1,139.
Homeowners can customize their coverage with a wide variety of coverage add-ons. This includes home rental coverage and coverage to replace a damaged water heater, air conditioner, or heating unit with a more energy-efficient model.
State Farm offers a variety of online tools and educational materials that help first-time homeowners navigate the complexities of home insurance. The company’s online quote tool also helps customers determine their coverage needs.
The company offers limited discount availability compared to other top insurers. The company offers a bundling, home security discount, roofing materials discount, and the option to pay a higher deductible to lower your premium.
State Farm scored 1.01 on the NAIC’s complaint index rating, which is notably higher than many of the other home insurers we reviewed. For context, the median complaint ratio is a 1.0, with lower scores reflecting fewer complaints.
6. Travelers
Travelers
4.5Expertise.com rankingKey Takeaways
- AM Best rating: A++
- J.D. Power rating: 852 out of 1,000
Pros
- Affordable premiums
- Offers discounts for green homes, multi-policy bundles, and new home buyers
- Variety of policy options and highly customizable plans
Cons
- Doesn’t insure mobile or manufactured homes
- Below-average customer satisfaction rating by J.D. Power
Why we chose Travelers: Since its start in 1853, Travelers has made a name for itself with customizable policies and generous discounts for homes with sustainable features. Travelers' Green Home discount rewards homeowners for eco-friendly features, including remote control thermostats and high-efficiency water heaters.
Travelers quoted us the lowest premium rate out of all companies we reviewed. For a 2,606-square-foot home in Naperville, Illinois, the company quoted us at $1,470. While the rate was affordable, coverage limits for dwelling and personal liability were notably lower than other quotes we gathered.
The company also offers unique endorsements to tack on to a standard policy, including jewelry and valuables, a personal article floater, and additional replacement cost coverage.
Customers are able to file claims 24/7 online, in the mobile app, or by calling 800-252-4633. Of note: Travelers scored 852 in J.D. Power’s customer satisfaction rating, which is below the industry average of 871 out of 1,000. The company has also received negative reviews for both their Android and iOS mobile apps, with customers citing system glitches and trouble submitting payments.
7. USAA
Pros
- Contents replacement coverage is standard
- Affordable rates
Cons
- Eligibility limited to active and retired military members and their family
- Limited discounts compared to other top competitors
Why we chose USAA: USAA ranks the highest on the 2022 J.D. Power’s Property Claim and customer satisfaction ratings and receives a superior financial strength rating from AM Best.
For those that qualify for USAA, it’s a great choice for affordable coverage. The company is rated as one of the most affordable home insurance providers among top insurers.
USAA’s comprehensive standard home insurance coverage includes extras that other companies consider endorsements (or add-ons). This includes identity theft protection, and personal property is covered at its replacement cost rather than depreciated market value.
The downside to USAA is that it’s not available to everyone. USAA membership is only available to active and retired military members and their family. For those that qualify, USAA provides competitive rates and top-notch customer service.
Other Homeowners Insurance Companies We Reviewed
During our analysis, we focused on customer satisfaction, affordability, financial strength, coverage options, and the availability of coverage across the country.
The companies below fell short in one or more categories, which affected their total rating. However, we still recommend looking further into their home insurance offerings, as they may have specific strengths you're looking for.
Nationwide
Nationwide
4.4Expertise.com ranking
Pros
- Offers a range of discounts, including one for living in a gated community or buying a new home
- Standard policy includes credit card fraud protection
Cons
- Coverage not available in Alaska, Hawaii, Louisiana, Massachusetts, or New Jersey
- Does not offer coverage for mobile or manufactured homes
- Must call for a free quote
Nationwide is one of the largest home insurers in the U.S., with an above-average customer satisfaction rating from J.D. Power and a Superior financial strength rating from AM Best.
The company also offers a wide array of discounts. Notable discounts include a home renovation credit, new home purchase discount, gated community discount, and roof rating discount.
As for customer service, Nationwide has a network of more than 26,000 local agents that are available to chat with face to face. The company does not offer a live chat feature or 24/7 customer service line, but it does offer a 24/7 line for filing claims.
Erie Insurance
Erie Insurance
4.3Expertise.com ranking
Pros
- Above-average customer satisfaction rating by J.D Power
- Offers guaranteed replacement for dwelling coverage in most states
Cons
- Must call for a free quote
- Only available in 12 states and Washington, D.C.
Erie Insurance is the 15th-largest home insurer in the country. While it only offers coverage in 12 states, Erie has carved a name for itself based on its low complaint index rating from NAIC and above-average J.D. Power customer satisfaction rating.
Erie’s standard policy includes benefits that other companies offer as endorsements, including 100% guaranteed replacement cost, pet coverage, and coverage for hard-to-replace items.
One downside is that customers can’t get an online quote or file a claim online. Instead, you have to call for both.
Chubb
Chubb
4.2Expertise.com ranking
Pros
- Lower-than-average policyholder complaints with the NAIC
- Water backup coverage is included in standard policy
- Fast claim service
Cons
- Must call for a free quote
- Premiums can be pricier than competitors
- Below-average customer satisfaction rating by J.D. Power
Chubb offers extensive coverage options and rare coverage perks. Their standard home insurance policy comes with extended replacement cost and cash settlement that gives you the option of a cash reimbursement if you don’t want to repair or replace your damaged home or belongings.
Chubb’s home insurance policies also come with perks like a Property Management Service for customers with a second home in a hurricane-prone area. Chubb will send a professional to inspect your home as soon as it's safe and start urgent repairs with your permission.
The downside to Chubb is that they only insure high-value homes worth $1 million or more. If your home doesn’t fit within this category, you’ll need to seek coverage elsewhere.
Lemonade
Lemonade
3.8Expertise.com ranking
Pros
- Affordable rates
- Unclaimed premiums get donated to charity through Lemonade Giveback
- Fast claims
Cons
- High-value homes may be outside of Lemonade’s policy price range
- Coverage is not available nationwide
- Some insurance offerings are not rated by J.D. Power, AM Best, or Moody’s
Established in 2015, Lemonade is a fairly new face among the insurance industry. In that short time, the company has established itself as a home insurance provider with affordable prices and the ability to make hassle-free online claims.
When it comes to the digital experience, Lemonade shines in this department. Customers can get a quote online or via the mobile app in minutes and get help from Lemonade’s AI bot, Maya. While many customers appreciate this digital-first approach, Lemonade doesn’t cater as well to those that prefer in-person meetings with their agent.
The biggest downside to Lemonade is that coverage isn’t available nationwide. Lemonade is currently available to homeowners in 37 states and Washington, D.C. For auto insurance, Lemonade only offers coverage in Illinois, Ohio, and Tennessee. This means that bundling home and auto isn’t available to every customer, so those looking for that type of discount may have to look elsewhere.
Allstate
Allstate
3.7Expertise.com ranking
Pros
- Available nationwide
- Offers coverage for homeowners that rent their property for short-term guests
- Opportunity to save up to 25% when bundling home and auto
Cons
- Higher-than-average policyholder complaints with the NAIC
- Higher-than-average premiums based on our research
As the second-largest home insurer in the county, Allstate is known for its superior financial strength rating and nationwide availability.
The company offers comprehensive coverage with a wide variety of optional add-ons, including identity theft protection, green improvement reimbursement, and musical instrument and sports equipment coverage.
The company may offer higher-than-average premiums. Of the quotes we gathered, Allstate’s annual premium was the most expensive, at $2,988 per year. However, there are a number of discounts for things like installing a centralized security system and bundling your home and auto that can help bring down an expensive premium.
How to Choose the Best Homeowners Insurance Option for You
With so many options, choosing the right home insurance can be a challenge. As you’re shopping around, here are a few considerations to help you narrow down your options.
Consider Your Coverage Needs
In the event of a disaster, it’s better to be overinsured than under, which is why determining your coverage needs from the get-go is such an important step while shopping for home insurance.
Below, we detail the coverages included in a standard home insurance policy and how much coverage you should aim for:
Dwelling coverage: This coverage should equal the replacement cost of your house, which is the amount of money it would take to build a copy of your home.
Personal property: This should be enough to replace all of your belongings. As a general rule of thumb, you’ll want your personal property coverage to fall between 50%-75% of your dwelling coverage.
Personal liability: Most homeowners insurance policies have a minimum of $100,000 in liability coverage. If possible, buy at least $300,000 to $500,000 to protect yourself financially.
Additional living expenses: Most insurers calculate ALE by taking a percentage of your dwelling coverage limit, usually 20%-30%. If you have a large family and believe your ALE would be higher than your quoted coverage, work with an agent to find out how you could increase the amount.
Read Customer Reviews
Spend some time reading about other homeowners' experiences with the companies you’re considering. Research a company’s complaint history through a the Better Business Bureau or another unbiased third-party site.
Shop Around
You’d be surprised how much a homeowners insurance quote can vary in price from company to company. To ensure you’re getting the best price and the most comprehensive coverage, aim to get quotes from at least three companies that offer coverage in your area.
As you’re weighing your options, remember that the cheapest option isn’t necessarily the best. Pay special attention to coverage limits to ensure that, should disaster strike, your policy would actually allow you to rebuild your home or replace your belongings.
Assess Your Coverage Annually
Life changes and so do your coverage needs. Conduct an annual insurance review with your agent to ensure your home and belongings are properly covered. It’s also a good idea to compare quotes yearly to gauge whether you want to stick with your current insurer or switch for better rates or coverage.
Benefits of Bundling Home and Auto Insurance
Bundling your auto and home insurance is a way to save money and simplify your insurance under the same company.
The option to bundle could make you less likely to shop around for multiple quotes, which is great for the insurer and less so for the consumer. You may miss out on better rates by staying with the same company.
However, the discounts offered by bundling are enticing. State Farm, for example, offers a home and auto bundle discount of 25%, which can significantly lower annual premiums.
Average Home Insurance Cost by Company
Our team compared home insurance costs across multiple companies using a 2,606-square-foot sample home located in Naperville, Illinois. Keep in mind that the coverage limits vary by company.
Company | Annual premium | Monthly premium |
Amica | $2,161 | $180 |
Travelers | $1,470 | $122 |
Lemonade | $1,620 | $135 |
Liberty Mutual | $1,959 | $163 |
Nationwide | $2,913 | $242.74 |
Allstate | $2,988 | $249 |
Farmers | $1,807 | $150.58 |
State Farm | $1,717 | $143.08 |
Erie | $2,179 | $181.53 |
Progressive | $1,807 | $150.58 |
USAA* | N/A | N/A |
Chubb** | N/A | N/A |
Note: These quote estimates are meant as examples only. Your home insurance quote will vary based on your home's information, your personal information, and your location.
*To be eligible for a home insurance policy with USAA, you must be an active or retired military member or the family of an active or retired military member. We were unable to get a quote for this company based on those requirements.
**Representatives from Chubb say they do not insure homes valued under $1 million, which is a higher value than our sample home. For this reason, we were unable to get a quote.
Homeowners Insurance FAQ
Home insurance can be a confusing topic. Below, we answer some of the most frequently asked home insurance questions.
Methodology
Expertise’s home insurance rating methodology takes into account the following details about each company:
Financial strength: This category examines a company’s ability to pay future claims based on assessments from independent agencies like AM Best and Demotech. Companies with a higher score from these third-party companies ranked higher in this category.
Customer satisfaction: Our team examined J.D. Power’s 2022 Property Claims Satisfaction Study that provides an analysis of customers’ perceptions and expectations of their insurer’s performance throughout the entire claims experience. Companies that ranked higher on J.D. Power’s list scored higher in this category.
Coverage availability: Our team examined state availability for each company and rated companies with more availability higher than competitors.
Consumer experience: For this category, our team reviewed each company’s website, mobile app, quote tool, and customer service availability.
Consumer complaints: Our team reviewed complaints to state regulators as reported by the National Association of Insurance Commissioners (NAIC). To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size or share of total premiums in the industry. The NAIC assigns a median complaint ratio of 1.0. Companies with an NAIC complaint score of less than 1 scored higher in this category.
Premium cost: This category assesses homeowners insurance costs based on the quotes we gathered from each company for a sample home of 2,606 square feet in Naperville, Illinois. Companies that provided lower quotes scored higher in this category.
To score companies in these categories, we collected data points from the companies' websites, company representatives, state regulator data, and third-party analyses.
These data points were then compared against each other and given a star rating score, where one star represents a “poor” rating and a five-star score represents an “excellent” rating. To calculate the star rating, we looked at each company’s total weighted score, divided by the maximum score, and multiplied by five.
Our ratings are weighted based on our editorial opinions. We use the following weightings for our homeowners insurance company ratings:
Financial strength (20%)
Customer satisfaction (15%)
Coverage availability (10%)
Consumer experience (20%)
Consumer complaints (15%)
Premium cost (20%)
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