Best Homeowners’ Insurance Companies

See If You Qualify for Lower Rates

In today's dynamic world, homeowners’ insurance acts as a safety net for your largest investment – your home. And sifting through numerous providers and coverage options can often be intricate and challenging.

TrySmartly simplifies this process for you. Our goal is to provide you with the information and resources to help homeowners make smarter insurance decisions. Don't miss out – discover how much you could be saving on insurance today!

To ease your search, we've highlighted some standout companies that cater to different home insurance needs:

Top Homeowner Insurance Companies

At TrySmartly, we believe in doing the heavy lifting for you. We've meticulously compared the offerings of several top-tier homeowners’ insurance providers to present you with a condensed, easy-to-understand snapshot.

Our "best" classification doesn't just consider the price tag. This list is based on a compounded evaluation of standard inclusions like dwelling, personal property, and liability coverage, as well as optional add-ons offered by the companies. We've also considered the average premiums, available discounts, and bundling or multi-policy deals to help you find coverage that fits your needs and budget.

A.M. Best Rating


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Offerings and Coverage: Nationwide is a well-established insurer with many coverage options. It offers standard options, including dwelling, personal property, and liability coverage. Nationwide can be a good fit for high-value homes due to its comprehensive coverage. Additionally, Nationwide offers unique coverage such as "Brand New Belongings," which covers the replacement costs of your items with new ones, and "Better Roof Replacement," which guarantees a safer roof if yours is damaged.

Extras: Nationwide offers identity theft protection, water backup, earthquake, and flood insurance at an extra cost. Nationwide's Private Client policy also includes coverage for accidental breakage of high-value items, home appliances, and systems and a cash-out option. Nationwide will give you the option to receive a cash settlement rather than rebuilding your home if your home is destroyed or damaged.

Average Price: The average price of Nationwide homeowners’ insurance is approximately $1,309 yearly or $109 monthly, but can vary based on your location, the value of your home, and the coverage you select.

Discount Options: Nationwide offers several opportunities for discounts, including a 15% bundling discount and a price reduction for having protective devices like smoke detectors or burglar alarms.

Pros Cons
  • Possibility of cash-out in case of damage
  • Wide variety of coverage options, including “dwelling replacement cost plus”
  • Only available in 43 states

A.M. Best Rating


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Offerings and Coverage: Chubb can be an attractive choice for owners of high-value homes due to its extensive coverage limits. It offers all the standard coverages and some unique ones like extended replacement cost coverage and water backup. It is also the only company on our list offering a flood insurance policy and Wildfire Defense Service.

Extras: Extra benefits include coverage for tree removal after a storm, restoration of electronic data after a malware attack, lock replacement, and a HomeScan option to help homeowners troubleshoot leaks and insulation issues before they cause problems.

Average Price: Chubb's average annual premium is approximately $1,717 yearly and $143 monthly.

Discount Options: Chubb offers various discounts for owning protective devices, living in gated communities, bundling different policies, and having a good payment history.

Pros Cons
  • Available in all 50 U.S. states and Washington, D.C.
  • One of the few companies to offer water backup in its standard policy
  • Wide variety of coverage options
  • May be more expensive for average-value homes
  • Available exclusively through agents with no online checkout option

A.M. Best Rating


Yearly cost


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Offerings and Coverage: Erie is a regional provider usually praised by customers for its personal touch and competitive service pricing. It offers standard coverages, including a guaranteed replacement cost that repays to rebuild your home as it was, regardless of cost.

Extras: Extra benefits include identity recovery, water backup, underground service lines, and expanded coverage for high-value items and home business belongings.

Average Price: The average annual premium is about $1,378 yearly or $115 monthly.

Discount Options: Erie Insurance provides discounts for bundling coverages, having safety devices, and requesting a homeowners’ insurance quote seven to 60 days before your current policy expires.

Pros Cons
  • Includes replacement cost coverage in its standard policy
  • Home business coverage is available at an extra cost
  • Only available in 12 states and Washington, D.C.
  • Available exclusively through agents

Don't wait – see if you could save on your homeowners’ insurance today.

Cheapest Homeowners’ Insurance Companies

When it comes to finding the cheapest homeowners’ insurance providers, it's not only just about the price. We consider factors such as the comprehensiveness of coverage, discounts offered, customer service reputation, and financial stability of the company. TrySmartly simplifies this process by helping you search for homeowners’ insurance from top-rated providers, enabling you to make an informed decision.

Here's a snapshot of what some of the most affordable insurance companies have to offer. The average yearly premiums are based on $200,000 of dwelling coverage.

Insurance Provider Average Yearly Premium Coverage Options Top Discounts
Progressive $561 Standard plus optional add-ons
  • Bundling (up to 12%)
  • Online quotes
  • Security
Nationwide $828 Standard including “Brand New Belongings” and “Better Roof Replacement” options
  • Bundling (up to 15%)
  • Protective devices
  • Newly renovated home
Erie Insurance $854 Standard including guaranteed replacement cost and service line coverage
  • Bundling (up to 15%)
  • Advanced quote
  • Safety features
Allstate $1,003 Standard plus ClaimRateGuard, which ensures your rate won’t go up because you filed a claim
  • Bundling (up to 15%)
  • New homebuyers
  • Protective devices
State Farm $1,023 Standard with an emphasis on offering robust and detailed policy customization
  • Bundling (up to 23%)
  • Home alert protection systems
  • Roofing

Best High-Risk Homeowners’ Insurance Company

High-risk homeowners’ insurance caters to individuals whose properties pose a higher-than-normal risk and, thus, are difficult to insure under standard policies. Factors such as the property's location (in a flood zone or an area prone to wildfires), the age and condition of the house, and even the homeowner's claim history can classify them as high risk.

If you fall into this category, TrySmartly can be of help. We offer comprehensive policy information from top-rated insurance companies, making it easier to find one that meets your needs. This section highlights Liberty Mutual as one of the best options for high-risk homeowners’ insurance.

A.M. Best Rating


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Offerings and Coverage: Liberty Mutual offers all the standard homeowners’ insurance options, including dwelling, personal property, liability, and additional living expense coverage. Notably, they provide specialized coverage options, such as medical payments to guests regardless of fault, making it an attractive option for those with trouble securing insurance elsewhere due to risk factors.

Extras: : Liberty Mutual offers popular add-ons for homeowners living in disaster-prone areas or have a claims history. On top of identity theft protection, water backup, and replacement cost coverage, Liberty Mutual offers optional inflation protection, automatically adjusting your coverage limits to keep pace with inflation. It also partners with the National Flood Insurance Program to cover damage from flooding at an extra cost.

Average Price: The average annual premium at Liberty Mutual is $1,229 yearly or $102 monthly, but it can change depending on your ZIP code and home type.

Discount Options: Liberty Mutual offers multiple discounts, including bundling, being claim-free, and newly purchased home discounts. You can also get a 12% discount if you buy your policy online on their website.

Pros Cons
  • Multiple discount opportunities
  • Inflation coverage available
  • Suitable for those who want to manage their policy online
  • Available in all 50 U.S. states
  • Standard policy is pretty basic compared to other homeowners’ insurance providers

Best Homeowners’ Insurance Company for Veterans

Highlighting options for our service members, we feature USAA as a provider that caters exclusively to military personnel, veterans, and their families.

A.M. Best Rating


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Offerings and Coverage: USAA offers a comprehensive policy that includes all the basics, including dwelling, personal property, liability, and additional living expense coverage. They also offer coverage for uniforms for active duty or deployed members, a benefit not often found with other insurers. USAA also includes replacement costs and identity theft coverage as part of its standard policy. Also, there is no deductible if your belongings are lost or damaged due to war.

Extras: Beyond the standard offerings, USAA provides home-sharing coverage and other optional add-ons like earthquake coverage and replacement cost coverage.

Average Price: The average annual premium is about $1,243 yearly or $104 monthly, but it can vary depending on your circumstances.

Discount Options: USAA offers up to a 10% discount for bundling home and auto insurance, a protective device discount, and a 15% discount if you haven't filed a claim on your home for more than five years.

Pros Cons
  • Competitive pricing
  • Extended replacement cost for dwellings
  • Identity theft is included in standard coverage
  • Exclusively available to veterans, military personnel, and their families

Best Homeowners’ Insurance Company for Rental Property

While renters’ insurance is not legally mandatory, most landlords will require tenants to have their own homeowners’ insurance policy. This section focuses on Farmers Insurance Group, which provides some of the best renters’ insurance options.

A.M. Best Rating


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Offerings and Coverage: Farmers' rental property insurance provides standard dwelling, personal property, and liability coverage. Farmers' standard policy also includes medical coverage if someone gets injured on your rented property and protection from damage caused by identity theft.

Extras: Farmers offers several optional coverages, including protection for natural disasters and high-value items like jewelry or art.

Average Price: The average price for annual premiums is approximately $1,877 annually or $156 monthly.

Discount Options: Discounts at Farmers Insurance are offered for bundling auto and renters' insurance, having safety devices installed, and maintaining a smoke-free for over two years.

Pros Cons
  • Significant discounts for auto and home insurance bundling
  • Comprehensive coverage options specific for renters
  • More expensive compared to other insurers
  • Only available in 42 states

Best Company for Bundling Homeowners’ and Auto Insurance

Bundling home and auto insurance can offer significant savings and convenience. To assist you in making an informed choice, TrySmartly has curated information on some of the top insurance companies known for their advantageous bundling options.

With TrySmartly, you can take advantage of our wealth of information on homeowners’ and auto-bundling options that could save you money. Here are some top-rated providers that offer bundle savings:

This table includes the bundling discounts you could get with each company:

Company Bundling Discount for Auto and Home Insurance
State Farm 23%
American Family 18%
Farmers 18%
Allstate 15%
Erie 15%
Nationwide 15%

Find out if lower premiums are in your future – get started today!

Homeowners’ Insurance Company Ratings

Insurance company ratings often indicate a provider's reliability, customer service quality, and financial stability. When evaluated with other factors like coverage options, price, and discounts, you can make a smarter insurance decision that could save you money.

This table summarizes homeowners’ insurance ratings by three reputable agencies:

  • AM Best ratings focus on the insurer’s financial strength and their ability to meet ongoing insurance policy and contract obligations.
  • J.D. Power provides ratings based on customer satisfaction surveys that measure policy offerings, billing and payment, interaction, and claims.
  • Better Business Bureau (BBB) provides ratings based on complaint history, type of business, time in business, transparent business practices, and more.
Company A.M. Best J.D. Power
(based on a 1,000-point scale)
Better Business Bureau (BBB)
Amica A+ 903 A+
State Farm A++ 880 A
Allstate A+ 868 A+
USAA A++ 893 Not rated
Nationwide A+ 884 A+
Erie Insurance A+ 912 A+
Chubb A++ 880 Not rated
Liberty Mutual A 870 A+
American Family A+ 875 A

Frequently Asked Questions

If you still have lingering questions, check out this frequently asked questions section for more clarity.

How Much Homeowners’ Insurance Do I Need?

Determining the amount of homeowners’ insurance you need requires careful consideration of a few key factors:

  • Dwelling: the materials used in your home, the cost of labor in your area, and any special features your home has.
  • Personal Property Coverage: personal belongings, including furniture, electronics, clothing, appliances, and valuables.
  • Liability Coverage: legal costs and damages if someone gets injured on your property and decides to sue.
  • Additional Living Expenses (ALE): pays for your expenses if your home becomes uninhabitable.

Remember, everyone's needs are different. Speaking with a knowledgeable insurance agent can also be beneficial in determining the right level of coverage for your home.

What Factors Affect Homeowners’ Insurance Rates?

Several factors can influence homeowners’ insurance rates, including the following:

  • Home characteristics (age, condition, size, construction type, etc.)
  • Location/State/ZIP code
  • Security features
  • Claims history
  • Deductible amount
  • Credit score

These are just a few factors, and every company may quote you differently, giving more importance to any of these factors.

Who Offers the Best Homeowners’ Insurance?

The best homeowners’ insurance provider can vary significantly based on individual needs and circumstances. Remember that the best homeowners’ insurance will vary from person to person, and you should choose the one that provides the right coverage at a price that fits your budget.

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