A good home insurance company can reduce a family disaster to a small bump in the road. It could be as simple as a curling iron that was not unplugged or as big as a hurricane. No matter the cause, the destruction of your home and belongings doesn't have to be so stressful.
Whatever the situation, quality home insurance coverage could be the difference between full recovery and financial ruin after a home-based incident. A strong home insurance company will assess the damage and pay your claim quickly. Policies are clear, and many insurance companies will deploy agents to hold your hand and help you every step of the way.
Best Homeowners Insurance Companies
- Best overall: GEICO Home Insurance
- Best for investors:
Best Overall
849
A+
- Highly ranked in JD Power's customer satisfaction study
- Wide array of discounts
- Competitive annual premiums on homeowners insurance
- Not available in Alaska and Hawaii
- May not offer the specialty coverage consumers need
Amica homeowners insurance ranks high with JD Power, operating in 48 states and Washington, DC. Its wide range of home insurance coverage, online policy management, and independent agents makes Amica an attractive option for many consumers.
Amica homeowners insurance- Ranked No. 1 in J.D. Power's homeowners insurance customer satisfaction survey.
- Loyalty discount, automatic detection devices discount, alarm system discount, claim free discount.
- Offers home insurance dividends on your policy.
Amica Homeowners Insurance tops the charts with industry resources like J.D. Power. In business since 1907, Amica Mutual offers standard and platinum policy options. Some policies offer dividend payments of up to 20% of annual premiums for qualified individuals in participating states. The company also has some of the most affordable homeowners insurance rates. While satisfaction and performance are high, it does not offer coverage in Alaska or Hawai'i. Amica was ranked first in the 2021 and 2022 J.D. Power home insurance studies.
Best for Military Members
884
A++
- High customer satisfaction
- Competitive rates for eligible customers
- Homeowners insurance can be combined with other USAA financial products
- Only available to military, veterans, and their families
USAA homeowners insurance is available to active duty military members, veterans, and their families. It offers competitive rates and coverage.
USAA homeowners insurance- USAA's homeowner's insurance is for military members, veterans, and their families.
- Discounts for Connected Home, ADT security systems, and being claim-free for 5 years
- Covers personal belongings with no depreciation
- USAA members were surveyed, and if had included on J.D Power's homeowners customer satisfaction survey, it would have been No. 1.
USAA USAA Homeowners Insurance maintains a tight grip on the homeowners insurance market for that select population. Its plans offer both the cheapest home insurance and the best coverage available to US military members. When combined with car insurance, bank accounts, and other products, insured parties may qualify for even lower prices.
Best for Customer Satisfaction
829
A++
- Established insurance company
- Nationwide presence
- Highly rated customer satisfaction
- Discounts for bundling insurance products
- High number of complaints about the claims process on ConsumerAffairs
- Policies can only be purchased through captive agents
State Farm Insurance is sold exclusively by captive agents, limiting options to compare rates. However, State Farm agents are extensively trained to quote State Farm policies with all applicable discounts, especially if you choose to bundle your insurance coverage. State Farm offers coverage for most homes.
State Farm Homeowners Insurance- Homeowners insurance include Ting fire safety technology, cyber event identity restoration and fraud loss (CEIDR), and pet insurance
- Ranks highly for customer satisfaction
affordable car insurance. The company works exclusively with captive agents (i.e., agents can only quote and sell State Farm or State Farm partner products). So if you don't like your quote, want to compare home insurance quotes, or don't qualify for coverage, you'll have to talk to at least one more insurance agent. But its agents can get you the most competitive quotes with all applicable discounts for State Farm products.
State Farm agents can quote and bind policies for most single-family residences, condos, etc. However, you may run into trouble for multi-units with more than four legal units or in high-risk (but insurable) areas such as higher lava zones or areas affected by wildfires.
Best for Value
A++
- Established homeowners insurance company with plenty of insurance bundling options
- National presence covering all 50 states
- Easy online quoting
- Discounts for bundling insurance products
- Customer satisfaction varies across products
- GEICO offers phone support, but not personalized insurance agent support
GEICO homeowners insurance is one of many products the online giant offers. But, unlike its auto insurance, it encourages customers to work with its call center agents to find the right fit, buy all necessary coverage, etc.
GEICO home insurance- Discounts for home safety, and bundling
- Offers flood insurance (purchased separately)
- Homeowners, condo, and mobile home insurance
GEICO Home Insurance is often bundled with GEICO auto insurance. For homeowners working with a mortgage lender, GEICO has a separate department to assist in binding and finalizing the details of your home insurance. Particularly for small homes and condo insurance, GEICO offers cutthroat pricing.
Compared to many other discount home insurance companies, GEICO also offers friendly service, easy underwriting approval, and quick claims processing. In the event of a claim, the payout may not be what you'd expect from companies like State Farm, Allstate, or Amica Mutual. Depending on where you live, you may also have to call its toll-free line to get home insurance quotes.
Best for Investors
815
A+
- Established company with national presence and quotes available online
- Quoting available with knowledgeable agents who can also quote other insurance products
- Easy bundling options for qualified buyers
- Rates are slightly higher than what other companies offer
- Policies are only available through captive agents
- Claims process may be slow and conservative leading to denials
Allstate offers many of the most important personal insurance products, including homeowners insurance. It leads the market in discounts, but its base rates may not be as competitive as State Farm and other big competitors.
Allstate Homeowners Insurance- Offers HostAdvantage which is protection for your belongings while renting out your home.
- Offers flood insurance.
- Offers coverage during identity theft.
- You can get discounts for installing protective devices, and being claim free.
Mortgage lenders require borrowers to buy a homeowners policy covering the cost to rebuild your home. This estimate is based on the appraisal or your insurance agent's estimated replacement cost matrix. Some homeowners are also required to pay for regional coverage such as flood, hurricane, or earthquake.
Unless you specify otherwise, the lender will then collect a small amount each month to pay your premium for you once a year. Keep in mind, all insurance notices will be sent to you automatically. So if prices go up or you want to switch for any reason, you have control over your homeowners insurance.
The cheapest home insurance is not always the most affordable. Homeowners insurance quotes give buyers a preview of what they may pay each year. But this doesn't account for the cost of claims or how much you could pay out of pocket if your claims are denied or your insurer drags out the process. When shopping for home insurance, we balance cost with performance and coverage.
Homeowners Insurance Companies with the Highest Customer Satisfaction
| Homeowners insurance company | BBB grade |
| Amica Mutual | A+ |
| USAA | NR |
| State Farm | A |
| GEICO | A+ |
| Island Insurance | A+ |
| Umialik | A+ |
| Allstate | A+ |
The Better Business Bureau accepts a company's customer complaints and reviews advertising and transparency about business practices. Once a complaint is submitted, companies can respond and resolve the issues.
The BBB ranking does not guarantee great rates or that you'll love the company. That's why we also looked at average rates, reviews from sites like TrustPilot, and sample plans to compare coverage options. However, a company with a high BBB rating is more likely to stay above board and address consumer issues.
USAA's limited availability makes it impractical for organizations like JD Power or the BBB to rank it alongside companies that sell to a more diverse range of users. However, many of our top home insurance picks maintain the BBB's highest ranking. When combined with strong JD Power, AM Best rankings, reviews from real homeowners, and advice from our expert panel, we feel confident saying our top picks are also trustworthy home insurance companies for the average consumer.
Why You Should Trust Us: Our Expert Panel for The Best Homeowners Insurance
We spoke to a variety of experts to inform our picks for this best home insurance guide, and to give readers additional advice for finding the right policy. You can read what they had to say later in this guide, under the Experts' Advice section.
The Experts' Advice on Choosing The Best Home Insurance for You
We worked with a realtor, homeowners insurance agent, and mortgage loan originator to discuss what buyers should consider when buying home insurance. You can find their full commentary below.
What do you believe are the most important things to look for when buying home insurance?
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FAQs
Do most people have homeowners insurance?
Yes, most people have homeowners insurance. If you have a mortgage, your lender will require home insurance. In most cases, your homeowners insurance invoices will be sent to your lender, and it will add costs to your monthly payments. Among homeowners who own their home outright, most still have insurance to protect against the unexpected.
Is it worth having an umbrella policy for home insurance?
An umbrella policy offers a boost in coverage for multiple policies with one premium. If you're bundling your homeowners and auto insurance policies with one company, raising your liability limits on each policy could be costly. Whether you're in an auto accident or your dog bites the mailman, the ensuing claim can be costly, especially if you don't have sufficient liability coverage.
How much home insurance coverage do I need?
At a minimum, homeowners need replacement coverage for the structure. In short, your insurance company runs a cost assessment to estimate the construction cost for replacing your home if it were completely destroyed. More importantly, check your coverage exclusions, add-ons like water backup coverage, and personal property coverage limits. Even if you have limited personal belongings, furnishing a house could quickly reach $100,000 or more.
