Best Homeowners’ Insurance Companies

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.

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.

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.

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.

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.

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.