Compare Home Insurance
With homes reaching an average cost of over $400,000, typical home insurance quotes are $179 per month. Of course, many factors affect home insurance rates, including the age of your house and where you live. You’ll need to compare home insurance rates with multiple companies to find cheap coverage.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Dec 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The average homeowner pays $179 per month for home insurance, but rates are increasing across the country
- Some of the best home insurance companies include Liberty Mutual, Nationwide, and State Farm
- To find affordable home insurance that fits your needs, make sure to compare policies from as many companies as you can
Homes come in all shapes and sizes, as do insurance companies. When trying to find home insurance coverage for what could be your biggest asset, it can be daunting to sift through the many home insurance companies competing for your business. How do you compare home insurance companies?
One of the most important steps in finding affordable home insurance rates is researching your options and comparing quotes. Finding the cheapest homeowners insurance doesn’t necessarily mean it’s the best coverage for your home — companies offer different protections in their policies, and it might be worth it to you to pay a little more.
You can explore some of the best homeowners insurance options below, including which companies offer competitive rates and the best policy options. After, make sure to compare home insurance quotes from multiple companies to make sure you get the best coverage for your home.
What are the top 10 picks for homeowners insurance quotes?
There are currently 2,509 insurance companies in the United States, which means if you are planning on buying home insurance, there are a lot of companies to choose from.
To help you compare homeowners insurance companies, policies, and rates, we have created the following list of our recommendations for the top 10 home insurance companies. Also, in this best home insurers review, we have included a brief description for each one, explaining why we believe that the company would be a great fit for you.
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Liberty Mutual – Best Overall
Number one on our list of the top home insurance companies is Liberty Mutual Insurance. Liberty Mutual is one of the biggest home insurance companies in the country that sells personal home insurance. The company continues to rank well every time it is reviewed by Expert Insurance Reviews. As a top-five home insurer in the U.S., its premiums are below average and it ranks highly with third-party rating agencies.
Progressive – Best for Cheap Home Insurance
Next up on our list is Progressive. Progressive is a leading direct-to-consumer insurance company, which means it cuts out a lot of the home insurance costs by giving customers the option of dealing directly with the company as opposed to working through an insurance agent who is working off large commissions. If keeping coverage costs to a minimum for your needs is a priority for you, Progressive should be included in your home insurance price comparison. Your one-stop online insurance guide. Get free quotes now! Secured with SHA-256 Encryption
USAA – Best for Military Members
USAA Insurance is one of the top home insurers by nearly every metric available. Its name is on just about any reputable home insurance company reviews rating list. Military members and their families should add USAA to their research list when looking for one of the most reliable home insurance companies to cover them.
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State Farm – Best for Agent Driven
State Farm is the largest personal insurance company in the United States and is fueled primarily by its agents. If working face-to-face on home insurance is important to you, State Farm Insurance is a good place to start with your comparison shopping. State Farm also provides car and life insurance in addition to home insurance and has high ratings on insurance comparison sites reviews such as A.M. Best and the Better Business Bureau.
Read more: State Farm Insurance Review & Complaints: Mobile Home Insurance
Chubb – Best for High Net Worth
Chubb Insurance is not the cheapest home insurance company on the block, but its service and claims handling are unmatched. Chubb Insurance company also has a high rating with the Better Business Bureau as well as a low complaint volume. If you are a believer in the saying, “you get what you pay for,” Chubb Insurance should be a strong competitor for your home insurance business, and high on your list to compare home insurance companies. (For more information, read our “Chubb Insurance Company Review & Complaints: Auto, Home, and Business Insurance“).
Amica Mutual Insurance – Best for Multi-Policy
Amica Mutual is another insurance company that consistently ranks high in nearly every third-party insurance rating system. Individuals and families with multiple things to insure (such as home and auto) will be satisfied with being covered by Amica Mutual Insurance.
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Auto-Owners Insurance – Best for Complicated Estates
Despite its name, Auto-Owners specializes in a number of different insurance types. Home insurance is one of the company’s specialties. However, Auto-Owners Insurance Company offers just about every other type of personal coverage, including home and life insurance. The company also provides a great discount program, which helps with the more lofty prices associated with an agent-driven operation.
Allstate – Best for Agent Driven
Allstate operates under a very similar model as State Farm. Individuals and families looking to work face-to-face with an insurance agent, rather than online or over the phone, will want to add Allstate to their list of companies to consider. Allstate Insurance is best known for its auto insurance coverage, however, the company offers coverage options for home and life as well.
Pure Insurance – Best for High Net Worth
Pure Insurance is the new kid on the block when it comes to high net worth insurance coverage. Its white-glove claims service is similar in nature to that of Chubb, and it should be on the shortlist for anyone in this category. Pure Insurance also offers perks and benefits to becoming one of its members that can save you money on your home and auto insurance premiums. (For more information, read our “Pure Insurance Review & Complaints: Home & Auto Insurance“).
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American Modern Insurance Group – Best for Specialty Home Insurance
A leader in manufactured home insurance, American Modern Insurance Group can also provide coverage for other non-standard dwelling situations. If needs fall outside of a typical insurer’s coverage, American Modern is a good place to start your home insurance company comparison. (For more information, read our “American Modern Insurance Review & Complaints: Homeowners Insurance“)
How do I compare home insurance companies & policies?
The most effective way to shop for a homeowners insurance company is through comparison shopping. This allows you to see multiple companies and decide if their policies offer what coverage options you need at a reasonable price. The best way to compare home insurance is to review your top three choices.
Prior to comparing home insurance companies, you will need to have a good understanding of what coverage options you need out of a homeowners insurance policy. Take time to evaluate your needs and determine how much coverage will effectively protect them. In knowing how much coverage you will need before comparing home insurance companies, you are ensuring that each policy you compare will provide the proper coverage for you.
This will also help you to eliminate extra costs. The Insurance Information Institute explains that understanding the different variables involved with homeowners insurance pricing will give you more control over how much you spend on your premiums.
After evaluating your needs, a great place to start finding reputable home insurance companies is a list of home insurance reviews and policy expert home insurance claims reviews. This will ease the sifting process by providing a list of insurance companies with their ratings and homeowners insurance reviews.
The following table includes sample yearly rates for some of the home insurance companies listed above. These are based on $200,000-$250,000 dwelling coverage plans in Pasadena, CA, Denver, CO, Louisville, KY, and Salt Lake City, UT.
This table shows sample annual home insurance rates in Denver, CO for homes valued between $200,000 and $250,000.
Average Yearly Dwelling Home Insurance Rates $200,000-$250,000
Insurance Company | Average Annual Home Insurance Rates |
---|---|
State Farm | $1,818 |
Allstate | $1,148 |
Liberty Mutual | $1,381 |
USAA | $1,264 |
Nationwide | $748 |
Read more: Nationwide Insurance Review & Complaints: Homeowners Insurance
Out of this list, Nationwide is the only company that did not have sample rates available for Denver, CO. Also, Chubb Insurance only had sample rates available for Pasadena at $965 a year.
Finally, it’s important to keep in mind that homeowner’s insurance differs from other types of insurance, like renters or condo insurance. For condominium dwellers, see more here for tips as condominium insurance is a bit different from home insurance.
Case Studies: Comparing Home Insurance Companies
Case Study 1: Liberty Mutual – Best Overall
In this case study, we explore John’s experience with Liberty Mutual Insurance. As a homeowner, John was looking for a reliable and reputable insurance company. After comparing different options, he chose Liberty Mutual Insurance due to its excellent ratings and comprehensive coverage options. John found their premiums to be below average, providing him with affordable protection for his home.
Case Study 2: Progressive – Best for Budget Shoppers
Sarah, a budget-conscious homeowner, decided to compare different insurance companies and chose Progressive for her home insurance needs. Progressive’s direct-to-consumer approach appealed to Sarah as it allowed her to save costs by dealing directly with the company. By eliminating agent commissions, Progressive offered Sarah affordable coverage options without compromising on quality.
Case Study 3: USAA – Best for Military Members
Mark, a military member, sought reliable home insurance and opted for USAA Insurance. Being aware of USAA’s strong reputation and tailored coverage options for military members, Mark felt confident in his choice. Throughout the policy term, USAA provided exceptional service, addressing Mark’s unique needs and ensuring his home was well-protected.
Case Study 4: State Farm – Best for Agent Driven
John and Sarah preferred personalized service and decided to work with an insurance agent for their home insurance needs. They chose State Farm Insurance, the largest personal insurance company in the United States. State Farm’s network of agents allowed John and Sarah to have face-to-face interactions, discussing their coverage requirements and receiving personalized recommendations.
Case Study 5: Chubb – Best for High Net Worth
Mark, a homeowner with substantial assets, sought the best insurance coverage available. After careful consideration, he chose Chubb Insurance. Despite the higher premiums, Mark valued Chubb’s unmatched service and claims handling. Chubb’s reputation, high ratings, and low complaint volume assured Mark that his substantial assets would be well-protected.
Case Study 6: Amica Mutual Insurance – Best for Multi-Policy
John and Sarah had multiple properties to insure and were seeking coverage for both their home and auto. They chose Amica Mutual Insurance, a company known for consistently high rankings in third-party insurance rating systems. John and Sarah bundled their home and auto insurance with Amica Mutual, the convenience of comprehensive coverage from a single provider.
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Compare Homeowners Insurance: What’s the bottom line?
Whether you are a first-time home insurance shopper or are looking for a different insurance company, taking time to compare home insurance companies, policies, and rates will benefit you tremendously. We at Expert Insurance Reviews compare the majority of insurance companies for you which are then shown in our compare and save reviews. (For more information, read our “Best Home Insurance for First-Time Buyers“)
Are you ready to buy home insurance? To help you compare home insurance deals, use our FREE online tool to get instant home insurance quotes from companies in your area.
Frequently Asked Questions
What factors should I consider when comparing home insurance policies?
When comparing home insurance policies, consider factors such as:
- Coverage limits
- Deductibles
- Exclusions
- Additional endorsements or riders available
- Customer service reputation
- Financial stability of the insurance company
- Claims process
It’s important to assess your specific needs and ensure that the policy you choose adequately protects your home and belongings.
How much home insurance coverage do I need?
The amount of home insurance coverage you need depends on various factors, including:
- Home value
- Rebuild cost
- Belongings value
- Liability coverage needs
It’s advisable to consult with an insurance agent or professional who can assess your specific circumstances and provide personalized recommendations.
What factors affect the cost of home insurance?
Several factors can influence the cost of home insurance, including:
- Location: The location of your home can affect the risk of perils like natural disasters or high crime rates, which can impact premiums.
- Home characteristics: Factors such as the age, size, and construction materials of your home can influence insurance rates.
- Coverage limits: The amount of coverage you choose for your dwelling, personal belongings, and liability can affect the premium.
- Deductible: A higher deductible typically results in a lower premium, but it means you’ll pay more out of pocket in the event of a claim.
- Claims history: Your past claims and the frequency of claims can impact your premium.
- Credit score: In some states, insurers may use credit-based insurance scores to determine premiums.
How can I save money on my home insurance?
Money-saving tips on your home insurance include:
- Bundle your home insurance with other policies, such as auto insurance, to get multi-policy discounts.
- Increase your deductible, which can lower your premium. However, make sure you can afford to pay the higher deductible if you need to file a claim.
- Install safety and security features in your home, such as smoke detectors, security alarms, and deadbolt locks, as this may qualify you for discounts.
- Maintain a good credit score, as some insurers use credit-based insurance scores to determine premiums.
- Ask your insurance company about available discounts, such as loyalty discounts, claims-free discounts, or discounts for being a member of certain professional organizations.
- Review your coverage periodically to ensure you’re not overinsured or underinsured.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
Secured with SHA-256 Encryption
Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.