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Best homeowners insurance for November 2025

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The best home insurance companies in November 2025

Homeowners insurance isn't one size fits all. Every homeowner's situation is unique based on factors like the coverage they need, their budget and more. To help narrow down your search, Bankrate rounded up some of the best home insurance carriers and noted the key characteristics of each to highlight what makes it stand out from the rest.

Erie

Best for customer service

4.3

$2,985

Get a quote

Allstate

Best for first-time homeowners

4.2

$2,723

Get a quote

State Farm

Best for local agents

4.1

$2,209

Read Review

Travelers

Best for customizable coverage

4.0

$2,787

Get a quote

American Family

Best for digital experience

4.0

$1,994

Get a quote


USAA	Best overall	4.8 Rating: 4.8 stars out of 5	$1,243	Get a quote
Amica	Best overall	4.7 Rating: 4.7 stars out of 5	$1,481	Read Review
Chubb	Best for customizable coverage	4.6 Rating: 4.6 stars out of 5	$3,240	Get a quote
NJM	Best for discounts	4.5 Rating: 4.5 stars out of 5	$806	Read Review
Auto-Owners	Best for budget home insurance	4.3 Rating: 4.3 stars out of 5	$2,199	Get a quote
Erie	Best for customer service	4.3 Rating: 4.3 stars out of 5	$2,985	Get a quote
Allstate	Best for first-time homeowners	4.2 Rating: 4.2 stars out of 5	$2,723	Get a quote
State Farm	Best for local agents	4.1 Rating: 4.1 stars out of 5	$2,209	Read Review
Travelers	Best for customizable coverage	4.0 Rating: 4 stars out of 5	$2,787	Get a quote
American Family	Best for digital experience	4.0 Rating: 4 stars out of 5	$1,994	Get a quote

*Based on policies with $300K dwelling coverage for 2025

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How Bankrate picked the best homeowners insurance companies

Finding the right home insurance can be a challenge for first-time buyers and seasoned homeowners alike. Bankrate’s insurance editorial team is dedicated to bringing our readers the information they need to make educated decisions when shopping for home insurance. Our list of the top homeowners insurance companies includes a broad selection of providers with high customer satisfaction scores and financial strength ratings, which we used to calculate our Bankrate Scores on a scale of 1.0 to 5.0. To make our list of best homeowners insurance companies, we chose carriers that:

Earned a Bankrate Score of 4.0 or higher
Scored within at least 30 points of the segment average for customer satisfaction in the J.D. Power 2025 U.S. Property Claims Satisfaction Study (for companies that were included)
Have an AM Best financial strength rating of A (Excellent) or better
Were ranked by Bankrate as the best company for specific market segments, based on the company’s unique features

The Bankrate Promise

Read our full methodology

At Bankrate, we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of . Our content is backed by Coverage.com LLC, a licensed entity (NPN: 19966249). For more information, please see our

years of industry experience

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120

carriers reviewed

The top 10 home insurance companies

USAA

BEST HOME INSURANCE COMPANY OVERALL (TIE)

4.8

Read USAA review Get a personalized quote

Avg. premium for $300K dwelling

$104/mo

Avg. premium for $300K dwelling

$1,243/yr

Customer satisfaction

746/1,000

Why USAA may be best overall: USAA only offers coverage to active-duty military, veterans and qualifying family members. But, the company has consistently high customer satisfaction scores, robust coverage options and low average premiums, so we felt compelled to add it to our list. USAA tied in the 2025 Bankrate Awards for Best Home Insurance Company Overall, the fourth year in a row it has taken home the title. Unique add-ons, such as no-deductible coverage for military uniforms for active duty or deployed policyholders, are also offered.

Availability: Coverage is available in all states for policyholders that meet USAA’s eligibility criteria.
Pros
Low average premiums

Military-focused coverage options
Cons
Only available to military members, veterans and qualifying family members

Fewer discounts offered than some other home insurers

Amica

BEST HOME INSURANCE COMPANY OVERALL (TIE)

4.7

Read Amica review

Avg. premium for $300K dwelling

$123/mo

Avg. premium for $300K dwelling

$1,481/yr

Customer satisfaction

745/1,000

Why Amica may be best overall: Amica’s highly rated claims and customer satisfaction may be ideal for policyholders seeking a positive customer service experience. The company placed second in the J.D. Power 2025 U.S. Property Claims Satisfaction Study. For the past decade, Amica has ranked either in first or second place in this study. Amica’s high customer satisfaction performance is coupled with “Superior” financial strength, as rated by AM Best. To get a quote from Amica, visit its website at amica.com.

Availability: Coverage is available in all states except Alaska and Hawaii.
Pros
Homeowners policies ranked second highest with J.D. Power for property claims satisfaction

Dividend policies may allow you to recoup some of your premium
Cons
Certain types of structures, such as mobile homes, farms and ranches, are not typically eligible for coverage

Chubb

BEST FOR HIGH-VALUE HOMES

4.6

Read Chubb review Get a personalized quote

Avg. premium for $300K dwelling

$270/mo

Avg. premium for $300K dwelling

$3,240/yr

Customer satisfaction

773/1,000

Why Chubb may be best for high-value homes: If you own a luxury home, especially one in a high-risk location, Chubb offers risk consulting, which involves a trained risk consultant evaluating your home’s features to determine your home’s rebuilding cost. In addition, Chubb offers a HomeScan service, which may help homeowners identify potential issues before they cause property damage claims. Most of Chubb's home policies are HO-5 or all-risk coverage and also have endorsements for flood coverage in locations where excluded. To top it off, Chubb took first place in the 2025 J.D. Power Property Claims Satisfaction Study.

Availability: Coverage is available in all states, but Chubb stopped writing new policies and limited policy renewals in California in recent years.
Pros
Coverage can be tailored for luxury homes

HomeScan tool may help identify issues before they cause claims
Cons
Has been limiting coverage in high-risk states

May be expensive

NJM

Best for discounts

4.5

Read NJM review Get a personalized quote

Avg. premium for $300K dwelling

$67/mo

Avg. premium for $300K dwelling

$806/yr

Customer satisfaction

Not rated

Why NJM may be best for discounts: New Jersey Manufacturers, or NJM, is a regional property and casualty insurer with ample savings opportunities. The company’s premiums typically fall far below the national average, and several discounts are available — like savings for having a backup generator, a home alarm system or storm shutters (in some states). Keep in mind that discount eligibility will vary.

Availability: Coverage is available in Connecticut, Maryland, New Jersey, Ohio and Pennsylvania.
Pros
Low average rates

Numerous discounts
Cons
No mobile app availability for NJM’s homeowners insurance policy

Limited third-party data available for customer satisfaction

Auto-Owners

BEST BUDGET HOME INSURANCE COMPANY

4.3

Read Auto-Owners review Get a personalized quote

Avg. premium for $300K dwelling

$183/mo

Avg. premium for $300K dwelling

$2,199/yr

Customer satisfaction

719/1,000

Why Auto-Owners may be for budget home insurance: Auto-Owners’ average premiums tend to be lower than the national average and compared to average premiums in the 26 states in which it operates. Plus, it offers a lengthy list of discounts for even more savings. Auto-Owners operates through a network of independent insurance agents, some of whom may have insurance knowledge specific to your area, which could make it a good choice for homeowners who prefer more personalized service.

Availability: Auto-Owners is available in 26 states: Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Virginia and Wisconsin.
Pros
Average home insurance premiums may be cheaper than state and national average

Local agents available to help with policy servicing
Cons
Not available nationwide

Limited digital tools

Erie

Best for customer service

4.3

Read Erie review Get a personalized quote

Avg. premium for $300K dwelling

$249/mo

Avg. premium for $300K dwelling

$2,985/yr

Customer satisfaction

705/1,000

Why Erie may be best for customer service: Erie consistently gets top marks from J.D. Power for customer satisfaction and tends to have competitive rates. To help you personalize a policy that fits your specific coverage needs, Erie offers numerous coverage options, from water backup to guaranteed home replacement coverage. Erie is a regional insurer, so it is only an option for homeowners in 12 states and Washington, D.C. But if you live in an area that Erie services, you may find the insurer appealing for its array of optional coverage types, high overall customer satisfaction scores and strong financial standing.

Availability: Coverage is available in Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, Washington, D.C., West Virginia and Wisconsin.
Pros
Low average premiums

Ranked above-average in the 2024 J.D. Power U.S. Home Insurance Study and seventh in the 2025 U.S. Property Claims Satisfaction Study
Cons
Limited mobile app accessibility and usability compared to other insurance carriers

Not available nationwide

Allstate

BEST FOR FIRST-TIME HOMEOWNERS

4.2

Read Allstate review Get a personalized quote

Avg. premium for $300K dwelling

$227/mo

Avg. premium for $300K dwelling

$2,723/yr

Customer satisfaction

665/1,000

Why Allstate may be best for first-time homeowners: Allstate has an abundance of online tools and various coverage options for homeowners who want to take a proactive approach to their home insurance. And for those who prefer in-person service, Allstate also has an extensive network of local agents ready to help with any of your insurance needs. New homeowners may be able to receive a recent homebuyer discount and a newly constructed home discount.

Availability: Home insurance policies are available in all states except California.
Pros
Educational insurance information available online

Common and Costly Claims tool could help you prepare for and mitigate home damage
Cons
Below-industry-average J.D. Power Home Insurance Study score

Some coverage options may not be available in all states

State Farm

Best for local agents

4.1

Read State Farm review Get a personalized quote

Avg. premium for $300K dwelling

$184/mo

Avg. premium for $300K dwelling

$2,209/yr

Customer satisfaction

661/1,000

Why State Farm may be best for local agents: State Farm is a highly rated, historically financially strong insurer with more than 19,000 exclusive agents throughout the U.S. Its low NAIC complaint index for home insurance indicates that State Farm home insurance policyholders are generally satisfied with the company’s service.

Availability: Coverage is available in all states except Massachusetts and Rhode Island. As of May 2023, State Farm is no longer accepting new home insurance policy applications in California.
Pros
Highly rated digital tools

Ample amount of local agents
Cons
Fewer advertised discounts than some competitors

Not currently available nationwide

Travelers

Best for customizable coverage

4.0

Read Travelers review Get a personalized quote

Avg. premium for $300K dwelling

$232/mo

Avg. premium for $300K dwelling

$2,787/yr

Customer satisfaction

678/1,000

Why Travelers may be best for customizable coverage: Although Travelers offers standard endorsements like coverage for jewelry and valuables and water backup coverage, other less common coverage options include green home coverage and identity protection. It also has a free home history tool, so would-be homeowners can know a property’s claim history. Homeowners looking for a customized policy may be interested in Travelers.

Availability: Available in all states except Alaska, Florida, Hawaii, Louisiana and West Virginia.
Pros
Green home discount available

OpenHouse, a free home history tool, is available to customers
Cons
Not available nationwide

Below-average J.D. Power Home Insurance Study score

American Family

BEST DIGITAL HOME INSURANCE COMPANY

4.0

Read American Family review Get a personalized quote

Avg. premium for $300K dwelling

$166/mo

Avg. premium for $300K dwelling

$1,994/yr

Customer satisfaction

680/1,000

Why American Family may be best for digital experience: American Family is the 2025 Bankrate Awards winner for Best Digital Home Insurance Company. It ranked third in J.D. Power's 2025 U.S. Insurance Digital Experience Study in both the service and shopping categories. Policyholders can view their insurance ID card, policy details and bills via their digital dashboard and make payments, track claims and communicate with agents online or via the AmFam mobile app.

Availability: Coverage available in Arizona, Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, North Dakota, Ohio, Oregon, South Dakota, Utah, Washington and Wisconsin.
Pros
Highly rated digital shopping and service per J.D. Power

Lower average rate than national average
Cons
Not available nationwide

Lower-than-average overall customer satisfaction according to J.D. Power

Finding the best homeowners insurance company for you

Insurance is a highly individualized product. Finding factors that impact your rate and what matters most to you when managing your policy is key. Climate and location, for example, can play large roles in how much coverage you need. If you live along a fault line, you may consider adding an earthquake endorsement to your policy. Or, if you live somewhere with a high flood risk, adding flood coverage is probably a wise move.

Home insurance companies typically use more than a dozen factors (that are personal to you) to an independent agent or broker who can request quotes from multiple companies on your behalf. They may also be able to provide greater insight into your specific coverage needs.

Learn more about how to choose the best home insurance company:

Types of homeowners insurance Previously Read

Factors that impact home insurance rates Previously Read

What does home insurance cover? Previously Read

How to buy homeowners insurance

Ready to buy homeowners insurance? Here’s a simple breakdown of the steps to take:

Dwelling coverage is usually the first to be established on a home policy since the coverage limits for other structures, personal property and loss of use are based on percentages of the dwelling's insured value. Most homeowners insurance policies cover the home's replacement cost estimator that calculates factors like square footage and building materials will give you a good idea of how much home insurance you need.
Think beyond your house. Do you have a fence, detached garage or pool? Those count as other structures. You’ll also want to create a scheduled personal property endorsement. And depending on your location, you may want to ask about flood or earthquake insurance, which is usually sold separately.
Not all home insurance companies offer the same experience or pricing. Look into financial strength ratings, customer reviews and discounts to find the best fit. Requesting quotes from multiple providers gives you a clearer view of your coverage options — and may help you score a better deal. Whether you prefer managing your policy online or working with a local agent, this step helps you get a feel for how each company operates.
Once you’ve chosen a company, you’ll need to make your first payment to activate the policy. If you’re switching insurers, you can either start your new coverage right away or line it up with the end of your old policy. Just remember to cancel your previous policy if needed — and ask for a refund on any unused premium.

What customer satisfaction metrics should you consider?

In addition to considering your budget, it’s wise to weigh the customer service record of an insurance carrier before you sign on the dotted line. In general, companies with a strong customer satisfaction rating are better at processing claims efficiently. There are a few different metrics that can give you a glimpse into how current policyholders feel about their home insurance carrier, including:

J.D. Power scores: J.D. Power 2025 U.S. Insurance Digital Experience Study.

NAIC Complaint Index: The National Association of Insurance Commissioners, or NAIC, records policyholder complaints and translates this data into a complaint index. Most insurance companies have an overall complaint index and a score for each line of available insurance. When interpreting this data, it's important to know that a company with an average number of complaints has a score of 1.00. A score higher than 1.00 means the company gets more complaints on average and a score less than 1.00 means fewer complaints than average.

Financial strength ratings: Although a company's financial strength rating may not be directly related to customer service, it's unlikely that a policyholder will be happy with their carrier if it doesn't have the funds to pay for a covered loss. Financial strength ratings issued by AM Best, Moody's, Standard & Poor’s and Demotech reflect a carrier's historical ability to pay out claims when needed. Most insurance agents agree that choosing a financially stable company is essential, as losses can be widespread after a natural disaster like a hurricane or wildfire.

Friends and family: Speaking with friends and family already insured with a company can be a powerful tool in understanding what to expect from a carrier. Word of mouth can go a long way, especially from trusted friends, family and colleagues.

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Best homeowners insurance companies for different homeowners

Home insurance needs will change based on your unique situation. For example, first-time homebuyers will likely need something different from their provider than someone who purchased an Airbnb property or someone who purchased a historical home. Below, we’ve put together a list of the best home insurance companies for a variety of different scenarios.

The best home insurance company for first-time homebuyers: Allstate

first-time homebuyers, and Allstate offers both a 10 percent welcome discount and additional savings for recent homebuyers. The company's high Bankrate Score, Bankrate Award and long list of additional coverage options are ideal. Plus, Allstate’s robust digital tools and expansive network of agents can help support first-timers when navigating the insurance process.

The best home insurance company for leasing to a renter: USAA

If you purchased an investment property to rent out, you’ll likely need a home insurance provider that offers either landlord policy. A standard home insurance policy only covers an owner-occupied building. Landlord insurance, among other things, can provide coverage for a tenant-occupied building. Short-term rental insurance can raise your liability limits and offer additional protection for your personal belongings.

USAA’s rental property insurance program offers strong protection for you and your home, whether you rent out your property for a week, a month or longer. If you do not qualify for a USAA policy, Allstate could be a good alternative. Its HostAdvantage policy even includes a discount from Merry Maids.

The best home insurance company for homeowners with high-value homes or valuable items: Chubb

While the definition of a high-value home may change from region to region, they have some insurance commonalities. Owners of high-value homes may seek higher coverage limits, specialized coverage endorsements, broad personal property coverage and dependable customer service.

valuable items, like special endorsements for jewelry, art, collectibles and even wine and spirits.

The best home insurance companies by state

Thanks to a combination of high customer satisfaction scores, low average premiums, discount opportunities, coverage options and more, we’re confident that the companies on this list are an excellent starting point for many shoppers. However, depending on your state, some carriers will be priced more competitively than others. Your location may demand premiums much higher or lower than the national average homeowners insurance cost, and some of the companies on this list may not be available in your state at all.

Risks and insurance markets vary from state to state. Florida, for instance, is grappling with a limiting coverage in response to increased wildfire risks (among other concerns). No matter where you live, narrowing your research by looking into the best homeowners insurance company in your state could help you find the best coverage at the best price.

Compare the best home insurance rates by state

To help illustrate how rates can differ depending on where you live, we created the interactive map below. Click on your state to see how much the average homeowners insurance policy costs in your area and how it compares to the national average. Please note that these average rates are based on policies with $300,000 in dwelling coverage.

Colorado

$3,412

$284

Connecticut

$1,700

$142

Delaware

$966

$80

Florida

$5,838

$486

Georgia

$2,041

$170

Hawaii

$1,296

$108

Idaho

$1,409

$117

Illinois

$2,225

$185

Indiana

$1,666

$139

Iowa

$2,446

$204

Kansas

$4,444

$370

Kentucky

$3,540

$295

Louisiana

$6,274

$523

Maine

$1,219

$102

Maryland

$1,751

$146

Massachusetts

$1,733

$144

Michigan

$2,368

$197

Minnesota

$2,852

$238

Mississippi

$3,353

$279

Missouri

$2,191

$183

Montana

$2,801

$233

Nebraska

$6,587

$549

Nevada

$1,074

$89

New Hampshire

$1,039

$87

New Jersey

$1,214

$101

New Mexico

$2,179

$182

New York

$1,860

$155

North Carolina

$2,951

$246

North Dakota

$2,776

$231

Ohio

$1,364

$114

Oklahoma

$4,695

$391

Oregon

$1,091

$91

Pennsylvania

$1,278

$107

Rhode Island

$2,347

$196

South Carolina

$2,611

$218

South Dakota

$3,152

$263

Tennessee

$2,672

$223

Texas

$3,899

$325

Utah

$1,283

$107

Vermont

$827

$69

Virginia

$1,706

$142

Washington

$1,539

$128

West Virginia

$1,047

$87

Wisconsin

$1,303

$109

Wyoming

$1,306

$109

District of Columbia

$1,525

$127


Alabama	$3,114	$260
Alaska	$1,035	$86
Arizona	$2,331	$194
Arkansas	$3,287	$274
California	$1,641	$137
Colorado	$3,412	$284
Connecticut	$1,700	$142
Delaware	$966	$80
Florida	$5,838	$486
Georgia	$2,041	$170
Hawaii	$1,296	$108
Idaho	$1,409	$117
Illinois	$2,225	$185
Indiana	$1,666	$139
Iowa	$2,446	$204
Kansas	$4,444	$370
Kentucky	$3,540	$295
Louisiana	$6,274	$523
Maine	$1,219	$102
Maryland	$1,751	$146
Massachusetts	$1,733	$144
Michigan	$2,368	$197
Minnesota	$2,852	$238
Mississippi	$3,353	$279
Missouri	$2,191	$183
Montana	$2,801	$233
Nebraska	$6,587	$549
Nevada	$1,074	$89
New Hampshire	$1,039	$87
New Jersey	$1,214	$101
New Mexico	$2,179	$182
New York	$1,860	$155
North Carolina	$2,951	$246
North Dakota	$2,776	$231
Ohio	$1,364	$114
Oklahoma	$4,695	$391
Oregon	$1,091	$91
Pennsylvania	$1,278	$107
Rhode Island	$2,347	$196
South Carolina	$2,611	$218
South Dakota	$3,152	$263
Tennessee	$2,672	$223
Texas	$3,899	$325
Utah	$1,283	$107
Vermont	$827	$69
Virginia	$1,706	$142
Washington	$1,539	$128
West Virginia	$1,047	$87
Wisconsin	$1,303	$109
Wyoming	$1,306	$109
District of Columbia	$1,525	$127

*Based on policies with $300k dwelling coverage

How do I save on home insurance?

One of the easiest ways to maximize savings on your home insurance is to take advantage of home insurance discounts. Every insurance company has its own discounts, but common savings opportunities could include being claims-free or buying a new home. In some states (Florida and Louisiana, for instance), you could get a discount for adding wind mitigation features to your home.

Stacking home insurance discounts could mean significant savings on your home insurance premium — and more money back in your pocket. Be sure to ask your insurance agent about all available discounts you qualify for to make sure you don’t miss out on savings opportunities. Raising your insurance deductible may also result in a cheaper premium, but be cautious not to raise it too high. It is important that your deductible remains at a level you can reasonably afford to pay at the drop of a hat.

Best companies for bundling home and auto insurance

Bundling home and auto insurance means you are buying both policies from the same company. Most companies offer a discount on both auto and home policies (and sometimes other policies as well) as an incentive to policyholders. This has the potential to make both policies cheaper than if you were to purchase the policies from two separate insurance companies. To help give you an idea of how much you could potentially save by bundling policies, we checked each carrier’s website or contacted them to see how significant each company’s bundling discount could be.

Keep in mind that the best carrier for you will depend on your individual needs and preferences. In some cases, homeowners can find lower rates by keeping their home and auto policies with different insurance providers. One way to find the right fit is to make a list of the features you are looking for in both your home and auto insurance policies. Then, you can get quotes from several carriers that might match your needs.

Home insurance company	Potential typical bundle discount*
USAA	Up to 10 percent
Amica	Up to 30 percent
Chubb	Not stated
NJM	Not stated
Auto-Owners	Not stated
Erie	15 percent or more
Allstate	Up to 25 percent
State Farm	Up to $1,273 annually
Travelers	Up to 15% for home and 10% for auto
American Family	Up to 23 percent

*Note that potential discount amounts for bundling are taken directly from the carrier website and are subject to change. Additionally, there is no guarantee that you would receive the discount advertised by the insurance company. If you want more information about bundling discounts from your insurance company, contact your insurance agent.

Home insurance industry trends

Signs show that red-hot Bankrate’s 2025 Annual Emergency Savings Report, about 30 percent of American adults have more money saved compared to last year.

Still, some homeowners may try to cut costs by scaling back on their home insurance, but this can be a risky financial move. According to proprietary premium data from Quadrant Information Services, the 2025 national average homeowners insurance rate for $300,000 in dwelling coverage rose to $2,408 per year. However, rates in some states have risen more than in others. For instance, many Florida homeowners have faced significantly higher rates. By choosing lower coverage limits, homeowners could get a cheaper premium — albeit at the cost of exposing themselves to greater financial risk.

Historic labor shortages and inflation are some of the post-pandemic woes plaguing the home insurance market. An increased frequency of reinsurance costs, excessive litigation and, in some states, rising insurance fraud are also factors. While shopping for a lower home insurance quote may still be worthwhile, finding a lower rate could take more work than in years past.

Bankrate continually monitors homeowners insurance rate trends to give our readers information they can use to make empowered, informed decisions about their policies. We also asked industry experts to shed some light on the current market and to provide tips that consumers might use to ease some of the pressure they may feel when receiving their policy renewal this year.

Industry experts weigh in

BANKRATE EXPERT FAQ

With climate change comes an increasing rate of natural disasters. Will these catastrophic events impact average rates across the board, even in areas that didn’t experience the disaster?

Mark Friedlander

Director of corporate communications, Insurance Information Institute

"Ongoing factors impacting the home insurance market this year, leading to rising premiums, will include escalating replacement costs, more costly severe weather events and natural catastrophes like wildfires, more people living in harm’s way of catastrophes, and more litigated property loss claims as billboard attorneys encourage consumers to file lawsuits instead of trying to settle a claim with their insurer. We project a slight underwriting loss for the home insurance sector in 2025 with net written premium growth of 10.1% this year." Consumers and policymakers should be cognizant of the dynamics underlying these price shifts and understand why insurers must be forward-looking in their approach to pricing these policies. Average home insurance premiums rose consistently from 2001 to 2021, according to a study conducted by the Insurance Research Council (IRC). These costs surpassed household income growth, leading to decreased affordability among U.S. consumers. As expected, disaster-prone states have the least affordable home insurance — the IRC ranks Florida as the least affordable market in the country. Also embedded in the rising costs of insurance is legal system abuse, which includes false claims of damage to homes. This has been a common issue in disaster-prone areas, where fraudulent claims of roof damage, in particular, dramatically increase the costs of insurance for all consumers. Legal system abuse will be a factor in losses incurred during this year's hurricane and wildfire seasons.”

Frequently asked questions

Homeowners insurance is an agreement between you, the homeowner, and an insurance company. You agree to pay a certain amount — the policy premium — in exchange for the coverage outlined in your policy. Your policy is broken down into individual coverage types, including dwelling coverage (for your home and attached structures), other structures (structures on your property not attached to your house), personal property coverage (for your belongings) and medical and liability coverage (for your liability exposures).

If you have an named perils, while HO-5 policies are open peril policies, meaning it also covers your property for anything that isn’t specifically excluded. If you are faced with a sudden and unexpected expense, such as a fire, damage from a windstorm or lawsuit over injuries sustained on your property, your home insurance may step in to help you cover the financial fallout.
Unlike require you to maintain coverage (at least until your home is fully paid for). However, owning your home outright doesn’t necessarily mean you don’t need homeowners insurance. After all, your home may be the most significant investment you make in your lifetime, and an uninsured loss could potentially have devastating consequences.

Additionally, homeowners insurance typically provides financial protection if someone hurts themselves on your property and sues you in the form of personal liability insurance. This coverage may help shield you from out-of-pocket expenses, wage garnishment or retirement liquidation if you don’t have the cash to pay a court-ordered settlement. Although homeowners insurance is a personal choice if you fully own your home, most insurance and finance professionals agree that it's typically a good idea to have.
To measure customer satisfaction, we looked at ratings from J.D. Power and the NAIC complaint index. By those two metrics, Chubb and Amica receive the highest marks for customer satisfaction. Chubb took the top spot in the J.D. Power 2024 U.S. Home Insurance Study for customer satisfaction, scoring 688 out of a possible 1,000 points. Amica trailed closely behind with a score of 679. Both providers had low NAIC complaint indexes for home insurance as well: Chubb’s is 0.08 and Amica’s is also low at 0.37. Both insurers also ranked above average in J.D. Power’s 2025 U.S. Property Claims Satisfaction Study.

Although USAA is technically not ranked in J.D. Power studies because of its strict eligibility requirements, it is a consistent high scorer. In the 2024 U.S. Home Insurance Study, USAA earned the highest score of 737/1,000. Additionally, its NAIC complaint index sits below average at just 0.48, and it scored above the segment average in the 2025 U.S. Property Claims Satisfaction Study.

Reviewing third-party ratings can be an effective way to determine how good a provider’s customer service is, but it does not have to stop there. If your co-worker, neighbor, in-laws or friends use a particular insurance company, it can be helpful to get their opinions, as well.
The national average cost of homeowners insurance is $2,408 for $300K worth of dwelling coverage. You may pay more or less for home insurance based on your location, square footage, claim history, coverage selection and several other rating factors. When shopping for a new home policy, make sure your coverage types, limits and deductibles match your existing policy for a true apples-to-apples comparison.
Home insurance does not include purchase a separate flood policy.

If your home is located in a Special Flood Hazard Area (SFHA), your mortgage lender could require you to carry both home and flood insurance.

Methodology

Bankrate utilizes Quadrant Information Services to analyze September 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage limits:

40 year old

Married male and female homeowners

2017 build year

Primary home

Good credit score

Clean claim history

Dwelling coverage

$300,000

Other structures coverage

$30,000

Personal property coverage

$150,000

Loss of use coverage

$60,000

Liability coverage

$500,000

Medical payment coverage

$1,000

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

If otherwise specified, the base profile has been modified with the following homeowner characteristics:

Dwelling coverage:

Coverage A, Dwelling: $150,000, $350,000, $450,000, $750,000
Coverage B, Other Structures: $15,000, $35,000, $45,000, $75,000
Coverage C, Personal Property: $75,000, $175,000, $225,000, $375,000
Coverage D, Loss of Use: $30,000, $70,000, $90,000, $150,000
Coverage E, Liability: $500,000
Coverage F, Medical Payments: $1,000

Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California and Maryland.
Rates were calculated based on the following insurance claims assigned to our homeowners: “fire ($80,000 in losses), liability ($31,000 in losses), theft ($5,000 in losses) and wind ($12,000 in losses).”
Rates were calculated based on the following build years for homes and assigned to our homeowners: 1959, 1982, 1992, 2010, 2017 (base) and 2020.
Rates were calculated based on the following deductible amounts: $1,000 (base), $1,500, $2,000 and $5,000.

Bankrate Score

Our 2025 Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

50% Cost & ratings

30% Coverage & savings

20% Support

Tier 1 (Cost & ratings): To determine how well home insurance companies satisfy these priorities, our team analyzed average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from National Association of Insurance Commissioners (NAIC).
Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.

Tier scores are unweighted to show the company's true score in each category out of a possible five points.

Written by

Natalie Todoroff

Personal Finance Reporter

Best homeowners insurance for November 2025

The best home insurance companies in November 2025

How Bankrate picked the best homeowners insurance companies

The top 10 home insurance companies

USAA

BEST HOME INSURANCE COMPANY OVERALL (TIE)

Overview

Pros and cons

USAA standout features

How to get started with USAA

Amica

BEST HOME INSURANCE COMPANY OVERALL (TIE)

Overview

Pros and cons

Amica standout features

How to get started with Amica

Chubb

BEST FOR HIGH-VALUE HOMES

Overview

Pros and cons

Chubb standout features

How to get started with Chubb

NJM

Best for discounts

Overview

Pros and cons

NJM standout features

How to get started with NJM

Auto-Owners

BEST BUDGET HOME INSURANCE COMPANY

Overview

Pros and cons

Auto-Owners standout features

How to get started with Auto-Owners

Erie

Best for customer service

Overview

Pros and cons

Erie standout features

How to get started with Erie

Allstate

BEST FOR FIRST-TIME HOMEOWNERS

Overview

Pros and cons

Allstate standout features

How to get started with Allstate

State Farm

Best for local agents

Overview

Pros and cons

State Farm standout features

How to get started with State Farm

Travelers

Best for customizable coverage

Overview

Pros and cons

Travelers standout features

How to get started with Travelers

American Family

BEST DIGITAL HOME INSURANCE COMPANY

Overview

Pros and cons

American Family standout features

How to get started with American Family

Finding the best homeowners insurance company for you

Learn more about how to choose the best home insurance company:

Types of homeowners insurance Previously Read

Factors that impact home insurance rates Previously Read

What does home insurance cover? Previously Read

How to buy homeowners insurance

1. Figure out how much coverage you need

2. Take stock of what else needs financial protection

3. Compare quotes from several insurers

4. Finalize your policy

What customer satisfaction metrics should you consider?

Compare home insurance rates

Best homeowners insurance companies for different homeowners

The best home insurance company for first-time homebuyers: Allstate

The best home insurance company for leasing to a renter: USAA

The best home insurance company for homeowners with high-value homes or valuable items: Chubb