Best Homeowners Insurance in 2024 (Check Out the Top 10 Companies)

Top Pick for Homeowners: Geico

19,116 reviews

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4.1

Table of Contents

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Company Facts

Full Coverage for Homeowners

$130/mo

A.M. Best Rating

A++

Complaint Level

Low

Pros & Cons

• Competitive Rates
• 24/7 Customer Service
• Fast Claims Process

• Limited Local Agents
• No Custom Coverage
• Rate Increases

» Geico Homeowners Insurance Review

19,116 reviews

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Best Homeowners Services: Erie

1,814 reviews

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4.3

Company Facts

Full Coverage for Homeowners

$125/mo

A.M. Best Rating

A+

Complaint Level

Low

» Erie Homeowners Insurance Review

1,814 reviews

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Best Homeowners Coverages: Allstate

11,413 reviews

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4.0

Company Facts

Full Coverage for Homeowners

$140/mo

A.M. Best Rating

A+

Complaint Level

Low

Pros & Cons

• Multiple coverage options
• Various discounts
• Additional savings programs

• Lower than average customer service ratings
• Higher than average auto insurance rates

» Allstate Homeowners Insurance Review

11,413 reviews

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The best homeowners insurance companies are Geico, Erie, and Allstate. Geico is the top pick with very low rates, starting at just $85 monthly. Geico’s price is perfect for homeowners wanting to save money.

This table shows the best homeowners insurance providers. It includes important details like ratings and unique features, as well as a wide variety of options for homeowners. This article clarifies what home insurance covers.

Our Top 10 Company Picks: Best Homeowners Insurance

Company	Rank	Bundling Discount	A.M. Best	Best For	Jump to Pros/Cons
	#1	25%	A++	Competitive Rates	Geico
	#2	25%	A+	Customer Service	Erie
	#3	25%	A+	Comprehensive Coverage	Allstate
	#4	20%	A	Extensive Options	Farmers
	#5	25%	A	Multiple Discounts	Liberty Mutual
	#6	17%	B	Strong Network	State Farm
	#7	20%	A+	Customizable Policies	Nationwide
	#8	25%	A	Family-Oriented Service	American Family
	#9	30%	A+	Claims Satisfaction	Amica
	#10	5%	A+	Senior Focused	The Hartford

Erie stands out in customer service, providing policyholders with great support. However, it’s only sold in 11 states. Geico and Allstate offer comprehensive coverage in more states.

 You can get homeowners insurance at the best price in your neighborhood by entering your ZIP code above.

#1 – Geico: Top Overall Pick

Pros

• Competitive Rates: Our Geico review covers the competitive rates for the best home insurance options.
• Bundling Deals: Clients get the best home insurance rates when bundling policies with auto insurance from Geico.
• Excellent Financial Strength: Geico can process homeowners insurance claims with tremendous success because of its high financial strength.

Cons

• Fewer Coverage Options: Geico might not have the specialized or high-value coverage you see with other homeowners insurance companies.
• Online-Only Claims Process: Processing claims solely online may not provide the support that some customers need.

#2 – Erie: Best for Customer Service

Pros

• Extensive Coverage Available: Erie homeowners insurance includes replacement cost coverage policies, which provide the comprehensive protection your home deserves.
• Excellent Customer Service: We highlight its excellent customer service in our Erie review, keeping with the company’s goal to deliver the very best homeowners insurance experience.
• Attractive Discounts: Erie has safe home and bundling discounts for big homeowners insurance savings.

Cons

• Limited Availability: Erie offers coverage in a select group of states, which may restrict choices when it comes to finding the best homeowners policy.
• Increased Premiums: Its rates may be marginally more elevated than other affordable homeowners insurance providers, impacting cost accessibility.

#3 – Allstate: Best for Comprehensive Coverage

Pros

• Out-of-The Box Programs: Allstate offers a claim satisfaction guarantee, providing you peace of mind with the best homeowners insurance to ensure a positive experience.
• Discount Opportunities: There are great ways to save on Allstate homeowners insurance.
• Best in Comprehensive Coverage: As we discuss in our Allstate review, the company offers the best comprehensive coverage for homeowners insurance.

Cons

• Inconsistent Claims Experience: Homeowners experience inconsistent claims service from Allstate.
• Higher Premium Costs: Allstate has higher rates for homeowners insurance than other competitors.

#4 – Farmers: Best for Extensive Options

Pros

• Wide Range of Options: Farmers offers many homeowners insurance policy types, which are highlighted in our Farmers review.
• Robust Agent Network: This means personalized help for homeowners is never far away.
• Wide Selection of Coverage Add-Ons:  Farmers offers many add-ons, such as earthquake coverage, which allows a tailored option for homeowners.

Cons

• Higher Premiums: This could be a turnoff for those looking to keep costs down on their homeowners insurance.
• Complex Policy Options:  Having many options might overwhelm customers when finding the best homeowners insurance.

#5 – Liberty Mutual: Best for Multiple Discounts

Pros

• Home Safeguard Program: Their proactive measures save you damage costs, providing a superior experience with the best homeowners insurance.
• Extensive Discounts: Liberty Mutual offers multiple discounts to help you find the best homeowners insurance policy. Get a list in our Liberty Mutual review.
• Wide Selection of Coverage: The best homeowners insurance covers specialized items such as heirlooms and expensive jewelry.

Cons

• Varying Levels of Customer Service: The level of quality service with Liberty Mutual varies, as some homeowners say.
• Online Experience Issues: The online claims process can be tricky to navigate, which affects how easily you can manage your homeowners insurance.

#6 – State Farm: Best for Strong Network

Pros

• Robust Agency Network: State Farm has an extensive local agent network for personalized home insurance support.
• Robust Coverage: State Farm provides a wide range of coverage options for homeowners seeking the best homeowners insurance.
• Discounts Galore: Homeowners can qualify for multiple discounts for cheaper State Farm home insurance rates. Read our State Farm review for more info.

Cons

• Upper-Rate for Some: This may be at the higher end of the scale from specific options and make for an altogether unfeasible option in the search for the best homeowner’s insurance.
• Claims Handling Delays: A few customers have complained about delays in claim settlements, much of which is usually frustrating for homeowners.

#7 – Nationwide: Best for Customizable Policies

Pros

• Customizable Coverage: Nationwide spotlights customizable plans. Read our Nationwide review for tailored homeowners insurance policies.
• Multi-Policy Discounts: Significant savings are available by bundling Nationwide homeowners insurance with other policies.
• Strong Financial Ratings: High ratings for financial stability ensure that Nationwide can reliably pay claims under its best homeowners insurance policies.

Cons

• Limited Availability: Homeowners insurance service may not be available in all states.
• Mixed Customer Feedback: There are reports of dissatisfaction with claims handling and customer service, affecting perceptions of the best homeowners insurance.

#8 – American Family: Best for Family-Oriented Service

Pros

• Robust Discounts: It offers several discounts for safe homes and loyalty, making homeowners insurance affordable.
• Family-Oriented Service: Read our American Family review to learn about its family-centered features, which make it a great choice for homeowners.
• Comprehensive Coverage Options: AmFam home insurance options include protections for renters and home-based businesses, among other things.

Cons

• Limited Availability: Not all states have access to American Family’s offerings, restricting options for those seeking the best homeowners insurance.
• Higher Premiums for Certain Coverage: Comprehensive coverage might come at a premium, affecting overall costs for the best homeowners insurance.

#9 – Amica: Best for Claims Satisfaction

Pros

• Competitive Pricing: Amica provides complete protection at competitive prices for customers looking for home insurance at a fair price.
• Unique Dividends: Amica dividend programs give money back to customers after the fact, increasing the value of top-placed home insurance.
• Excellent Claims Handling: Excellent claims handling for homeowners is highlighted in our Amica review.

Cons

• Few Physical Agents: It’s mostly internet-based, which is not the best place for customers who prefer face-to-face interaction when buying homeowners insurance.
• Overwhelming Choice: The customization of so many options may leave some homeowners confused about the best homeowners insurance.

#10 – The Hartford: Best for Seniors

Pros

• Senior-Focused Coverage꞉ Retired homeowners get the best homeowners insurance for seniors from The Hartford. Learn more in our The Hartford review.
• A+ Financial Stability Rating: Strong financial ratings prove its reliability when paying home insurance claims. 
• Discount Opportunities꞉ The company offers discounts for home safety features. A claims-free history also helps homeowners get cheap Hartford insurance rates.

Cons

• Limited Availability for Younger Homeowners: The focus is primarily on seniors. Younger homeowners may pay higher rates for home insurance.
• Higher Premiums for Specialized Coverage: Some unique options cost more, increasing The Hartford homeowners insurance rates.

How to Choose the Best Homeowners Insurance Plan

To choose the best homeowners insurance, assess your home’s value and required home insurance coverage. Use the table below to compare quotes from different providers to find the best rates.

Homeowners Insurance Monthly Rates by Provider & Coverage Level

Insurance Company	Minimum Coverage	Full Coverage
	$90	$140
	$86	$132
	$87	$133
	$80	$125
	$88	$135
	$85	$130
	$95	$145
	$89	$138
	$92	$143
	$93	$142

Every company has its own offerings, so comparing homeowners insurance quotes is crucial. Review each company’s coverage options and consider additional features such as natural disaster coverage. Policies offer different coverage types. These often include dwelling, personal property, liability, and extra living costs.

Homeowners need to evaluate their needs and choose the right mix of coverage. Customer serving ratings and claims reviews will also ensure you find the most reliable insurer at the best price.

Homeowners Insurance Discounts and Savings

Home insurance companies often give different discounts so people can save money on premiums. Typical discounts include combining policies and using home security systems. Keeping a clean claim record is also beneficial.

Homeowners Insurance Discounts From the Top Providers

Insurance Company	Available Discounts
	Multi-policy, Protective devices, Early signing, Responsible payment
	Multi-policy, Home protection, Smart home, Loyalty
	Multi-policy, Claim-free, Autopay, Loyalty
	Multi-policy, Fire alarms, Sprinkler system, New home
	Multi-policy, Home safety, Claim-free, New home
	Multi-policy, Home security system, Smoke-free, New home
	Multi-policy, Claims-free, New/renovated home, Protective devices
	Multi-policy, Protective devices, Claims-free, Roof rating
	Multi-policy, Home security system, Impact-resistant roof
	Multi-policy, Protective devices, Retiree, New home

Bundling home insurance with car or life insurance offers many benefits. Not only do customers save money by bundling insurance policies, but it comes with other benefits:

• Streamlined Approach꞉ Combining policies means using one company. This simplifies payments and claims, helping you stay organized.
• Wide Protection꞉ Bundling lets you create personalized coverage for your home. It protects all your belongings under one plan.
• Cost Savings: Bundling homeowners insurance with other policies can lead to significant discounts on premiums, reducing overall insurance costs.

Bundling brings ease and convenience to homeowners insurance, and Amica has the best homeowners insurance bundling discount of 30%.

Navigating Homeowners Insurance Claims With the Best Companies

According to annual J.D. Power customer surveys, Amica, Erie, and Farmers have the highest satisfaction with home insurance claims. Understanding the home insurance claims process and claim reviews is important to finding the best homeowners insurance.

To start a homeowners insurance claim, report the incident to your insurance provider either online or over the phone. Your insurer will send an adjustor to assess the damage and determine an appropriate payout. After your claim is approved, you will get compensation based on the types of home insurance coverage in your policy. 

The Role of Deductibles in Homeowners Insurance

Deductibles play a crucial role in homeowners insurance by determining the amount you must pay out of pocket before your coverage kicks in. Settling for a higher deductible can reduce your premium costs.

Homeowners should carefully consider their financial circumstances when selecting a deductible. High deductibles mean lower rates, but you will have to pay more to repair your home if you ever file a claim.

Learn More: Does home insurance cover mold?

Top Picks for Best Homeowners Insurance

The best homeowners insurance companies are Geico, Erie, and Allstate. As the top pick, Geico shines with its competitive prices and trustworthy coverage choices. Geico also offers many discounts that reduce costs while providing robust protection.

Its easy-to-use platform helps people when buying home insurance. Geico is a top option for those who want affordable and full coverage. Enter your zip code below and start shopping for the best home insurance near you.