The Best Cheap Homeowners Insurance

Protect your biggest investment with a much smaller investment

Purchasing homeowners insurance is a necessary evil of home ownership — it’s a bill that’s not super cheap, but it’s not one you can skip. After all, it’s what protects you in the event of fire, flood, burglary, or a number of other costly calamities. And while you don’t want to overpay, you also need a company that won’t drop the ball in worst-case scenarios.

So when we went to find the cheapest homeowners insurance, we didn’t just look at the bottom dollar. We balanced the craving for the lowest possible premiums with other considerations — the things we know we need even if they cost a little more. We’re talking consistent customer service, enough financial stability to pay out the claims when they are due, and nationwide availability. After all, saving a few bucks a month doesn’t mean much if you can’t get someone on the phone after a flood. Oof.

Our Picks for Best Cheap Homeowners Insurance

  • Amica
    Best Overall
  • Allstate
    Best Discounts
  • MetLife
    Best Coverage

Our Picks for Best Cheap Homeowners Insurance

Best Overall

Amica is our top pick overall — it’s just an all-around competitor. It’s the only company to earn all five power circles from J.D. Power in all six survey categories: overall satisfaction, policy offerings, pricing, billing and payment, contacting the insurer, and claims. Amica received top marks in customer satisfaction from Consumer Reports as well.

Amica’s only flaw is that it doesn’t fare quite as well as the competition when it comes to discounts. For example, you won’t get a break in your rates for adding deadbolts (common with other insurers) or upgrading your home’s major risk factors (getting a new roof, getting LEED certified, etc.).

An interesting note about Amica: It does not have local insurance agents. Instead of working with one assigned agent, you’ll deal with company representatives. It’s a lot like calling up the phone company; whoever answers is there to help you, but if you call back, you’ll probably talk to someone else. This may help the company offer its lower rates because it doesn’t spend money on costly commissions. However, if you value the personal service that a local agent can provide, even if it means you pay a bit more, you shouldn’t go with Amica.

And since it bears repeating again and again: There’s no guarantee that Amica will offer the lowest rate for you, which is why you’ll need to shop around for quotes. You can get a quote from Amica online, but you may be required to call for others. Do it: It’s worth the small talk.

Best for New Homeowners & Best Discounts

Allstate stood out in our general review of the best homeowners insurance companies for its comprehensive educational tools. It’s a great place to start if you’re new to the game of homeownership, and it also earns a spot on our list of cheap homeowners insurance companies for its humongous list of discounts. Whether you want a price break for bundling, setting up automatic premium payments, securing your home with deadbolts and burglar alarms, or making recent renovations, Allstate has you covered — and it doesn’t stop there. It even gives you a “Welcome” discount just for being a new customer.

Allstate doesn’t fare quite as well as Amica when it comes to customer satisfaction. You may get a cheap(er) quote, but customers have mixed views as to whether they get their money’s worth. Allstate offers online homeowners quotes, and the process only takes a few minutes. Of course, you can also opt to call one of its local agents, which is a great choice if you prefer the more personal service.

Best Coverage

While MetLife makes you work a little more for your quote — you have to call an agent — you shouldn’t let that dissuade you.

The company scores well in’s survey on “value for price,” and it’s second only to Allstate in number of discounts offered. Those price breaks include the not-so-common ones: discounts for seniors 55 and over, having a membership in groups like AAA, and home improvements such as new roofs. Even storm shutters will save you some cash!

In the military or from a military family? You might qualify for USAA, which insures active and retired US military members and their families. USAA consistently draws high praise for its customer service and its low rates, so if you are eligible, we highly recommend getting a quote.

What puts MetLife over the edge for its value is that it offers a rare type of policy: guaranteed replacement. It’s one of the most comprehensive types of coverage available. With this policy, you’re covered for the actual replacement cost to both your home’s structure and everything inside, even if your belongings have depreciated over the years.

We weren’t wowed by MetLife’s customer service, and its single-page website certainly didn’t impress us, but its high standard of coverage puts the company in our top list. File MetLife under: definitely getting a quote.

Find the best homeowners insurance in your area.

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Did You Know?

To find the cheapest homeowners insurance you’ve got to get quotes.

While we’re confident that our picks — Amica, Allstate, and MetLife — will provide thorough, reasonably priced coverage for a majority of customers, we can’t promise they’ll beat every quote. There’s no way to know until you start getting quotes. Why is it so complicated? Not only does what you’ll pay depend on all sorts of different factors (your age, where you live, the age of your house, etc.), but also different companies weigh those factors differently.

But beyond getting quotes, there are ways to help make sure you don’t overpay.

  • Avoid the temptation to over-insure. Homeowners insurance covers the various nasty things that can befall your house, but it ignores any potential damage to the land your house sits on. To save, only insure for rebuilding costs, which might be lower than what you would pay to rebuy your home and the land it sits on. You’ll also want to conduct a home inventory instead of simply guessing at the value of your belongings.
  • Bundle your policies and ask about other discounts. While discounts aren’t as pervasive with homeowners insurance as they are with car insurance, they can still add up. Most insurers will give you a break if you also get their auto and life insurance. Ask about discounts beyond bundling: You may be eligible for a break for a number of reasons including your age, company loyalty, or group membership. Line ‘em all up, run the numbers, and compare from provider to provider.
  • Skip the most common red flags. Want to know what makes your homeowners insurance company cringe? Trampolines, swimming pools, and “risky” dog types such as pit bulls. They’re all liability concerns, and liability concerns make rates go up.
  • Up your home’s safety factor. Chances are you already have the basics down, such as deadbolts and smoke alarms. But your insurer may reduce your rate if you go the extra mile with carbon monoxide detectors and home security systems. That also extends to improvements that help guard against natural disasters, like storm shutters and stronger windows.
  • Bump up your deductible. If you push your deductible up, your premium will come down. The crucial takeaway here is that you should only choose a high deductible to cut costs if you actually have the savings to cover those costs when disaster strikes — aka an emergency fund.
  • Don’t ignore your credit score. It’s controversial, but most states allow insurers to factor in your credit score when deciding what you’ll pay. The logic? Customers with high credit scores are less likely to make claims, and the insurer will return some of those expected savings in the form of lower rates.
  • Review your coverage periodically. If you make any home improvements (adding a security system, or finally overhauling that plumbing system) you might be able to reduce your premium — but only if you tell your insurer. Similarly, you’ll want to keep tabs on your personal belongings to make sure any notable additions or subtractions are reflected.
  • Don’t forget regional or special-membership providers. We didn’t include regional providers that cover fewer than 35 states in our analysis, but some, such as Erie Insurance and the Auto Club of Southern California, rank well for both value and service. If you’re a military affiliate, don’t ignore USAA, which is routinely lauded in those categories too.
  • Get new quotes every few years. Just because one company offers the best rate for you now doesn’t mean that will always be the case.

Take Action

The single best thing you can do to find cheap home insurance is to shop around for multiple quotes, but check out Amica, Allstate, and MetLife first for their blend of service, financial strength, and value.

Find the best homeowners insurance in your area.

Get a quote by entering your ZIP code and start saving today.