A homeowners insurance policy protects you from having to pay unexpected repair or replacement costs out of pocket when an event damages your home or personal belongings, or when you’re responsible for bodily injury or property damage to someone else.

To help you compare home insurance providers, our team created a guide that walks you through the best homeowners insurance companies available nationwide. We spent dozens of hours researching the providers listed below based on our in-depth review standards and methodology.

10 Best Homeowners Insurance Companies

To determine the best homeowners insurance companies, our research involved comparing plan costs, coverage amounts, endorsements, and available discounts before making our selections. We also did mystery shopping by calling providers to clarify our questions regarding coverage, discounts, and more. 

Based on our findings, we recommend the following companies:

What Does Homeowners Insurance Cover?

Homeowners insurance policies typically include six areas of coverage—dwelling, other structures, personal property, loss of use, liability, and medical payments to others. The best homeowners insurance companies also offer additional endorsements to help you customize your policy.

Here’s a quick overview of the different areas of insurance coverage:

  • Dwelling Coverage: This coverage protects the structure of your home and covers parts like your interior walls, exterior walls, foundation, and cabinetry. Consider buying enough dwelling coverage to cover the cost of rebuilding your home as new. Additionally, if you’ve had features added to your house, such as having a solar company install panels on your roof, your home may require extra replacement cost coverage.
  • Coverage for Other Structures: This covers detached structures on your property, such as a garage, fence, or shed. It’s usually 10% of the dwelling coverage.
  • Personal Property Coverage: This part of the policy protects the personal belongings in your home. If a covered event were to damage them, your provider pays to cover their depreciated value through an actual cash value policy or pays to cover new items with a replacement cash value policy. You usually get at least 50% of dwelling coverage for this type of protection.
  • Loss of Use Coverage: If an event like a fire forces you out of your home for repairs, your policy will pay for any living expenses during that time. For example, if you usually spend $300 on food every month, but you spent $400 this month because you had to eat out for every meal, your provider will reimburse you for the $100 difference. This type of coverage is usually 20% of dwelling coverage.
  • Liability Coverage: If you’re responsible for an accident that causes bodily injury or property damage to someone else, your policy will cover the cost. For example, if your dog bites a neighbor and they get stitches, your insurance provider will cover the costs. Insurance providers usually recommend purchasing at least $300,000 worth of this coverage.
  • Coverage for Medical Payments to Others: If a guest injures themselves in your home, your policy will cover their medical bills. A standard amount of this coverage is $1,000 per person.
  • Endorsements: Most companies offer at least one endorsement to make your policy more comprehensive. Common endorsements include coverage for identity theft expenses, earthquakes, valuable personal property, and water backup.

Covered Perils

For your claim to be approved, a covered event must have caused the damage. With an HO-3 policy—the type of home insurance policy most companies use—you’ll be protected from the following events:

  • Accidental discharge or overflow of water or steam
  • Civil commotion
  • Damage from aircrafts
  • Damage from vehicles
  • Explosion
  • Falling objects
  • Fire and lightning
  • Frozen plumbing
  • Smoke
  • Sudden and accidental damage from an artificially-generated electrical current
  • Sudden and accidental tearing apart, cracking, burning, or bulging
  • Theft
  • Vandalism
  • Volcanic eruption
  • Weight of snow, sleet, or ice
  • Windstorm and hail

Finding the Best Homeowners Insurance Company for You

If You Are a First-Time Home Buyer

Knowing where to begin when you insure your first home can be challenging. We recommend purchasing home insurance once the home seller accepts your offer and the home is officially yours.

However, you can shop for a policy sooner, using the home’s details to see what home insurance risks it poses and to get an idea of coverage cost. Then, compare multiple quotes to ensure you chose the right provider. Some companies, such as Liberty Mutual, offer special discounts for new home buyers.

If You Live in an Older Home

Depending on your home’s age, you may have difficulty getting a traditional HO-3 policy. Instead, insurers may offer you a specialized policy with more limitations and exclusions.

We recommend working with an independent insurance agent if you live in an old or historic home. A professional can work closely with you and point you toward the right provider for your situation.

If You Live in a High-Risk Area

Finding the right insurer poses unique challenges if you live in a high-risk area that is more prone to natural disasters such as earthquakes or hurricanes. Work with an insurance agent to choose the right provider, policy, and additional coverage for your needs. You can also consult with people living in the area to determine which insurers could be a good fit.

If You Have a Banned Dog Breed

Insurers consider some dog breeds to pose a higher risk of acting aggressively and injuring other dogs or people. As a result, many home insurance companies have a list of banned breeds that they exclude from liability coverage.

Commonly banned dog breeds include the following:

  • Akitas
  • Chow chows
  • Great Danes
  • German Shepherds
  • Huskies
  • Pitbulls
  • Rottweilers

If your dog is on this list or has a documented history of violence, your insurance company could restrict your coverage. As you shop for coverage, be honest about your pet and communicate with an insurance agent to ensure you get the best coverage possible.

If You Own Valuable Items

Personal property coverage has its limits. If you have high-value items such as jewelry or artwork, choose a provider that adequately covers them. Look for a plan that lets you increase your overall coverage amount or add a scheduled personal property rider to extend coverage on individual items.

Lemonade: Easiest Sign-Up

  • J.D. Power Rating: N/A
  • AM Best Rating*: NR

Though Lemonade is relatively new to the home insurance industry, the company has strived to create a unique customer insurance experience. The company offers individual endorsements for jewelry, fine art, bikes, cameras, and musical instruments. It also allows you to determine how much coverage you want for each valuable item. 

Note that Lemonade doesn’t hold AM Best or JD Power ratings. However, it holds an A rating with Demotech

The company also strives to create a great experience for policyholders through its easy-to-use mobile app. Signing up for a policy takes just a minute and a half, and  it pays out claims submitted through the app within three minutes.

Sample Quote: $1,073

Lemonade Easiest Sign-Up
Pros & Cons
Pros Offers endorsements for valuable items such as bikes and laptops Includes an easy sign-up process through the mobile app Features discounts for alarm systems, building frame type, gated communities, and fire protection Cons Lacks ratings from A.M. Best and J.D. Power Doesn’t provide physical locations where you can speak with an agent
Additional Coverage Options

Lemonade provides a variety of endorsements to supplement your policy coverage. Each endorsement has an individual coverage limit, which you can increase or decrease based on your needs.

  • Bikes
  • Cameras
  • Earthquake
  • Fine art
  • Jewelry
  • Musical instruments
  • Significant other
  • Swimming pool liability
  • Water backup
Available Discounts

Lemonade offers a list of discounts that lower your monthly premium. They include the following:

  • Bundling
  • Fire protection
  • Gated community
  • Material
  • Protection equipment

*AM Best ratings accurate as of August 2023

Liberty Mutual: Best Discounts

  • J.D. Power Rating: 805/1000
  • AM Best Rating: A

Liberty Mutual has been providing affordable home insurance to customers for over 100 years.

The company’s policies are affordable thanks to its variety of discount opportunities for bundling policies, being a new homebuyer, signing up for paperless billing, early shopping, and more. It even offers up to 10% just for purchasing online.

Policy discounts, however, may or may not be available based on your home’s location and personal information.

Liberty Mutual includes replacement cost value coverage within its standard policy. Most providers charge an additional fee for replacement cost coverage.

Sample Quote: $1,445

Liberty Mutual Best Discounts
Pros & Cons
Pros Offers over eight policy discounts to lower the price of your premium Includes a live-chat feature on its website Offers unique endorsements such as mold coverage and sinkhole collapse Cons Doesn’t include liability coverage for claims involving certain dog breeds Offers a lower number of deductibles compared to other providers
Additional Coverage Options

Liberty Mutual offers a solid list of endorsements. Some endorsements are unique offerings, such as inflation protection. Below is a list of additional endorsements Liberty Mutual offers.

  • Earthquake
  • Flood insurance
  • Identity fraud
  • Inflation protection
  • Personal property
  • Scheduled items
  • Umbrella
  • Water backup and sump pump
Available Discounts

Liberty Mutual offers unique discounts designed to lower your home insurance rates. Its most common discount involves bundling your home insurance policy with auto or life insurance. Check out the available discounts from Liberty Mutual:

  • Claims-free
  • Early shopper
  • Insured to value
  • Multi-policy
  • New roof
  • Newly purchased home
  • Paperless policy
  • Preferred payment
  • Safe homeowner

State Farm: Best Endorsements

State Farm is another reputable insurance provider focusing on policy customization. The company offers common endorsements such as water backup, full replacement cost, and earthquake insurance. It also offers unique endorsements, such as service line coverage, home systems protection, and personal injury coverage.

State Farm might be your pick if you want to fine-tune your policy with additional coverage.

Sample Quote: $1,057

State Farm Best Endorsements
Pros & Cons
Pros Provides affordable coverage for homes that cost $400,000 or more to rebuild Connects customers to local agents from signup to policy management Features discounts for car insurance bundling, impact-resistant roofing, and home alert systems including smoke detectors Cons Offers fewer discounts than competitors Requires you to request a quote with an agent in some states
Additional Coverage Options

State Farm provides one of the most varied endorsement lists available. State Farm’s endorsement list consists of the following:

  • Cyber event, identity restoration, and fraud prevention
  • Depreciated loss
  • Energy efficient upgrade
  • Full replacement cost
  • HOA loss assessment
  • Home systems
  • Off-premise structures
  • Personal liability
  • Service line
  • Umbrella
  • Water backup and sump pump
Available Discounts

Although State Farm has fewer discounts compared to other home insurance providers, it is worth considering due to the larger number of coverage options offered. Here is a list of State Farm policy discounts:

  • Home security
  • Impact-resistant roofing material
  • Multi-policy

Nationwide: Best Standard Policy

Nationwide is a well-known provider with a solid financial strength rating from AM Best. Nationwide is best for individuals who want comprehensive coverage without a long list of add-ons. Nationwide typically charges higher premiums than other providers due to its extensive coverage.

Its standard policy includes coverage that most providers charge extra for. This includes ordinance of law coverage, which pays to get your home up to code during a rebuild or repair. It also provides some coverage for fraudulent credit and debit card transactions.

Sample Quote: $850

Nationwide Most Inclusive Coverage
Pros & Cons
Pros Includes access to an extensive lineup of discounts Offers flood and earthquake endorsements Provides “dwelling replacement cost plus” option for extended coverage Cons Excludes coverage in Louisiana, Hawaii, and Alaska Doesn’t provide access to online quotes in certain states
Additional Coverage Options

Nationwide provides a limited number of endorsements due to its comprehensive coverage within standard plans. Here is a list of Nationwide’s add-on coverage options:

  • 20% plus replacement cost
  • Earthquake insurance
  • Flood insurance
  • Identity theft
  • Valuables
  • Water backup
Available Discounts

Nationwide offers various discounts to help you save money on your home insurance. They consist of the following:

  • Claim-free
  • Gated community
  • Home purchase
  • Home renovation
  • Multi-policy
  • Prior insurance
  • Protective device
  • Roof rating
  • Smart home

Allstate: Best Coverage Options

Allstate offers solid home protection coverage, customer service, customizability, and affordability. Most insurance companies have a claims center open 24/7 but limited hours for policy, sales, and billing questions. Allstate, however, has 24/7 customer service for all home insurance questions.

If you prefer self-service over talking to a customer service representative, you can use the online portal or mobile app to manage your policy and file a claim.

While Allstate determines dwelling, other structures, personal property, and loss of use coverage by the rebuilding cost of your home, you get to choose your liability, medical payments to others, and deductible amounts.

You can further customize your policy with more than 10 endorsement options, and, to keep premiums down, Allstate offers nine homeowner discounts.

Sample Quote: $1,902

Allstate Best Coverage Options
Pros & Cons
Pros Provides 24/7 customer service for all claims, policy, billing, and sales questions Includes a claim rate guard endorsement that won’t increase your premium if you file a claim Features discounts for multi-policy bundling, loyalty, green home improvements, and early sign-up Cons Requires contacting an agent to receive a quote in some states Charges higher monthly premiums compared to other providers
Additional Coverage Options

Allstate provides unique endorsement options in addition to solid standard coverage. Below is a list of its available add-ons:

  • Business property
  • Claim rate guard
  • Electronic data recovery
  • Extended coverage on jewelry, watches, and furs
  • Green improvement reimbursement
  • Identity theft restoration
  • Musical instruments
  • Roof surfaces extended coverage
  • Scheduled personal property
  • Water backup
  • Yard and garden
Available Discounts

Similar to other providers, Allstate offers multi-policy and claim-free discounts. It also offers unique discounts such as welcome and loyalty discounts. Check out the full list of Allstate discounts below:

  • Claim-free
  • Early signing
  • Easy pay plan
  • Home buyer
  • Multi-policy
  • Protective device
  • Responsible payment
  • Welcome and loyalty

USAA: Best Membership Perks

USAA is available only to current or past military members and their immediate family members. If you’re eligible for USAA home insurance, the provider includes additional perks alongside solid coverage. The perks include discounts on car rentals and ADT home security systems. 

Another unique USAA feature is that base policies include three additional types of insurance coverage: credit card fraud protection, identity theft coverage, and inflation protection. Other home insurance companies require you to purchase add-ons for that type of protection.

Sample Quote: $1,033

USAA Best Membership Perks
Pros & Cons
Pros Offers a variety of membership perks, like USAA banking and shopping discounts Includes credit card and forgery, supplemental loss assessment, and business property coverage in base policies Features discounts for payment history, bundling, fire alarms, and home security services or features Cons Offers coverage only to military service members and their families Provides limited endorsements and policy discounts
Additional Coverage Options

USAA offers limited endorsement options. That said, its standard coverage and membership perks make USAA worth considering if you are eligible for a policy. USAA’s endorsements consist of the following: 

  • Cellphone with ProtectCELL
  • Computer
  • Home Protector
  • Increased liability
  • Valuable personal property
Available Discounts

USAA provides the following policy discounts:

  • ADT security system
  • Claim-free
  • Multi-policy bundle

Travelers: Most Experience

Travelers is the oldest company in the home insurance industry, with more than 160 years of experience providing auto, home, and renters insurance products and services.

While its home insurance coverage options aren’t as extensive as Farmers home insurance, it allows you to customize other structures, personal property, and loss of use protection. Therefore, it’s a good choice if you’re looking for a reliable company with coverage flexibility.

Sample Quote: $917

Travelers Most Experience
Pros & Cons
Pros Has over 160 years of experience providing insurance Offers large deductibles up to $50,000 Provides up to $10,000 per person of medical payments to others coverage Cons Doesn’t insure mobile homes Limits coverage if you own a banned dog breed, such as a rottweiler
Additional Coverage Options

Travelers provides specific endorsements that protect valuable personal property. Its jewelry endorsement covers jewelry specifically, while its personal articles endorsement protects other valuables such as fine art. Here is a complete list of Travelers add-ons:

  • Added replacement cost
  • Green home
  • Identity fraud protection
  • Jewelry and valuables
  • Personal articles
  • Special personal property
  • Sump pump discharge or overflow
  • Water backup
Available Discounts

Travelers offers a unique discount for those with a “green home” certification. Below is the full list of Travelers policy discounts:

  • Claim-free
  • Green home certification via the LEED organization
  • Multi-policy
  • New home buyer
  • Protective devices

Farmers: Most Customizable Coverage

  • J.D. Power Rating: 792/1000
  • AM Best Rating: A

Farmers offers the most customizable homeowners insurance out of the providers in this review.

Most home insurance companies offer a set amount of other structures, personal property, and loss of use coverage based on your dwelling coverage amount. Farmers, however, allows you to decide how much protection you want for each coverage area. This includes up to $2 million of liability coverage and more than 20 deductible options.

Sample Quote: $1,291

Farmers Most Customizable Coverage
Pros & Cons
Pros Provides more dwelling, other structures, and personal property options than the other providers in this review Offers up to $2 million worth of liability coverage Features discounts for non-smoking policyholders, new homes, and roofing materials Cons Charges higher rates compared to competitors Offers varied coverage based on your ZIP code
Additional Coverage Options

Due to its fully customizable coverage, Farmers provides limited endorsement options. Here is the list of additional coverage options Farmers offers:

  • Eco-rebuild
  • Identity theft protection
  • Personal article floaters
  • Replacement cost
Available Discounts

Farmers provides the most policy discounts out of all providers mentioned in this guide, with 13 total discounts available. They consist of the following:

  • Affinity
  • Connected home
  • ePolicy
  • Good payer
  • Green certification
  • Home safety
  • Multi-line
  • New home
  • Nonsmoker
  • Preferred payment
  • Protective device
  • Rent-to-own
  • UL-approved roofing materials

Amica: Best Customer Service

Amica® offers the most liability options out of the providers in this review. While most companies offer between $100,000–$1 million worth of liability coverage, Amica’s minimum coverage option is $25,000, giving policyholders a chance to lower their premium if they’re less worried about liability. This allows homeowners to increase coverage in other areas, such as personal property coverage.

Sample Quote: $2,624

Amica Best Customer Service
Pros & Cons
Pros Offers liability coverage between $25,000–$1 million Includes an endorsement for natural disasters called catastrophic coverages Provides a mobile app, online chat, and customer portal for self-service Features discounts for auto-pay, claim-free history, home renovations, and alarm systems Cons Charges more for average premiums than the national average Doesn’t offer HO-3 coverage in its basic policy
Additional Coverage Options

Amica provides additional coverage for personal property via its valuables and personal property replacement endorsements. Here is a list of every  endorsement Amica offers:

  • Catastrophic
  • Dwelling replacement
  • Home business
  • Identity fraud expense
  • Personal property replacement
  • Valuable items
  • Water backup and sump overflow
Available Discounts

If you recently purchased a new home or remodeled your current home, Amica will lower your insurance rate. Below is the full list of available policy discounts offered by Amica:

  • Alarm system
  • Automatic detection devices
  • Autopay
  • Claim-free
  • E-discount
  • Loyalty
  • Multi-policy
  • New and remodeled homes

Erie: Best Value

Erie is another popular home insurance company with high ratings for its financial strength and customer service. It’s worth considering if you live in one of the 12 states it serves or Washington, D.C.

Erie provides affordable home protection. However, its lack of available coverage in most states may not appeal to some homeowners. That said, Erie includes replacement cost reimbursement policies within its personal property and standard dwelling coverage. Other providers require you to pay extra for replacement cost policies.

Erie Insurance Best Value
Pros & Cons
Pros Offers guaranteed replacement cost in some states, which protects your home against depreciation Has a lower volume of complaints than most competitors Provides 24/7 phone support Cons Provides coverage only in 12 states Limits coverage if you own a banned dog breed
Additional Coverage Options

Due to its limited state availability, Erie provides four coverage endorsements. Its endorsements cover the following homeowner essentials:

  • Extended coverage for valuables
  • Identity theft protection
  • Underground utility line
  • Water backup and sump pump overflow
Available Discounts

Here is a list of discounts Erie offers homeowners:

  • Early quote
  • Multi-policy
  • Safety device

How To File a Homeowners Insurance Claim

Filing a home insurance claim is a simple process. Here are the steps you should take in the event of a claim:

  1. File a police report: If your claim is related to theft or vandalism, it’s crucial to start with a well-documented police report.
  2. Contact your insurer: It’s important to notify your insurance company of the claim immediately. Some companies allow you to file claims completely online. Your policy documents should specify how to file your claim.
  3. Make emergency repairs: To keep the damage from worsening, make temporary repairs, keep your receipts, and document everything with photos.
  4. Keep good records: Along those lines, make sure to document as much as possible if it’s related to the claim. Take photos and videos and evaluate the cost of stolen, damaged, or destroyed items.

How Much Does Homeowners Insurance Cost?

According to the Insurance Information Institute, a home insurance policy cost $1,249 per year, or about $104 per month, in 2018.

The overall cost of your insurance premium will depend on the following factors:

  • Claims history
  • Credit score
  • Cost to rebuild your home
  • Square footage of your home
  • Number and type of pets
  • Proximity to a fire station and fire hydrant
  • Level of susceptibility to natural disasters in your area
  • Safety features in your home

What Is the Most Expensive State for Homeowners Insurance?

In the same report from III, Louisiana had the highest home insurance premiums at an average of $2,037 per year. This figure is more than $800 higher than the national average, which the III attributes to the state’s location and risk of weather-related perils.

What Is the Cheapest State for Homeowners Insurance?

Oregon had the lowest national average home insurance premiums at $727 per month. Oregon faces a significantly lower risk of storm damage than a state such as Louisiana, which translates to lower premiums.

Compare the Cost of Homeowners Insurance in Your State

Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming

What Risks Do Homeowners Face?

Here are some of the biggest risks homeowners face, often resulting in home insurance claims:

  • Water damage: Home insurance typically covers sudden, accidental water damage from a source inside your home, such as a busted pipe. It generally excludes flooding, preventable damage from unattended maintenance problems, and water backup.
  • Wind damage: Between hurricanes, thunderstorms, and tornadoes, wind damage is a common cause of home insurance claims nationwide.
  • Fire and lightning: Fire and lightning also account for many claims each year.
  • Liability: While liability claims are less common, they do occur. If someone slips and breaks an ankle at your house, your home insurance policy could pay for medical fees or replace damaged personal property.
  • Theft and vandalism: Homeowners are also at risk of theft and vandalism. To reduce this risk, you can protect your home with a home security system.

Comparing the Top Homeowners Insurance Providers

We highly recommend you obtain at least three quotes from the best homeowners insurance companies before choosing which provider and policy is best for your home.


Sample Annual Premium

Our Rating

JD Power

AM Best






Liberty Mutual





State Farm








































Quotes gathered using public data provided by the Texas Department of Insurance and the Office of Public Insurance Counsel for standard coverage on a 2,350 square foot single-family home in Pflugerville, TX with fire and burglar alarms.

Our Conclusion

To find the best home insurance company for you, use the tool below and compare homeowners insurance rates offered by several providers, or call 855-948-5219 to get quotes by phone.

While all of the providers in this review offer quality homeowners insurance, we recommend them each for different reasons. For example, Allstate is one of the best home and auto insurance choices for its comprehensive standard policies and excellent overall performance, Liberty Mutual offers a variety of attainable discounts and options to protect your policy against inflation, and Lemonade offers unique features such as an easy signup tool and user-friendly mobile app.

Compare Homeowners Insurance Policies
Answer a few simple questions and we'll take care of the rest.

FAQ About Homeowners Insurance

Our Rating Methodology

The This Old House Reviews Team backs up our ratings and recommendations with a detailed rating methodology that we use to objectively score each provider. We analyze online information, obtain a sample quote and policy structure, speak to a representative, research digital tools and technology, and review third-party ratings and customer reviews for each provider. We then score the provider against our review standards for coverage, availability, customer service, technology, reputation, and additional benefits to arrive at a final score on a 5-point rating scale.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.

The ratings listed in this article are accurate as of July 2023.

AM Best Disclaimer