Reviews Report
- Reviews.com rates Auto-Owners as the best home insurance company, as it earned a 4.8 out of 5.
- Top home insurance companies have plenty of discounts, strong financial ratings, and customizable coverage options.
- To get cheap home insurance, look for companies like Allstate, Liberty Mutual, and Nationwide, as they have some of the most discounts.
It’s no secret that if someone owns a home, they have to insure it, too. With the best homeowners insurance, customers pay a yearly or monthly premium in exhange for financial compensation when the roof is damaged from hail or a fire breaks out and expensive repairs must be done. To get the best home insurance policy for the cheapest price, it’s important to shop and compare quotes — even if it means taking extra time to read top home insurance reviews.
To compare the best homeowners insurance companies of 2021, we used a unique in-house methodology to compare discounts, coverage, and third-party evaluations to rank and review the top home insurance carriers.
The 8 Best Homeowners Insurance Companies of 2021
- Auto-Owners: Best Overall Home Insurance
- Amica: Best Home Insurance for Extended Coverage
- COUNTRY Financial: Best Home Insurance for Customer Satisfaction
- Nationwide: Best Home Insurance for Add-On Coverage
- Allstate: Best for Premium and Deductible Costs
- Liberty Mutual: Best for Cheap Home Insurance Discounts
- USAA: Best Home Insurance for Military MeMbers
- Erie: Best for Basic Home Insurance
Compare the Top Home Insurance Companies
Reviews.com Score Score is based on company’s customer experience, financial stability, and coverage options. | AM Best AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. | J.D. Power* J.D. Power scores are based on surveys for customer satisfaction and product quality. | ||
---|---|---|---|---|
Pin Auto Owners | 4.8 | A++ | 843 | |
Pin Amica | 4.6 | A+ | 853 | |
Pin COUNTRY Financial | 4.4 | A+ | 855 | |
Pin Nationwide | 4 | A+ | 808 | |
Pin Allstate | 3.8 | A+ | 829 | |
Pin Liberty Mutual | 3.8 | A | 805 | |
Pin USAA | 3.8 | A++ | 889 | |
Pin Erie | 3.8 | A+ | 839 |
Information accurate as of March 2021
Best Overall Home Insurance
Why we chose it
Why we chose it
Pros
- A dozen possible discounts
- Low customer complaint and high customer satisfaction rating
- Guaranteed home replacement cost coverage
Cons
- No online or mobile claims capabilities
- No online quotes available
Discounts Available
- Multi policy
- Pay in full
- Paperless billing
- Mortgage-free
- And more
Add-On Coverage
- Identity theft
- Sewer or drain backup
- Ordinance or law coverage
- Extended personal property
- Equipment breakdown
More Auto-Owners Insurance Reviews
Best for Extended Coverage
Why we chose it
Why we chose it
Pros
- High customer satisfaction ratings
- Low customer complaint rating with NAIC
- More than average available discounts
Cons
- AM Best downgraded financial strength in 2017
- Lengthy quote process
Discounts Available
- Claims-free
- Multi-policy
- New/remodeled home
- Alarm system
- And more
Add-On Coverage
- Catastrophic coverage
- Valuable items
- Identity fraud
- +30% dwelling replacement limit
- Home business
More Amica Insurance Reviews
Best for Customer Satisfaction
Why we chose it
Why we chose it
Pros
- More than average discounts available
- High customer satisfaction and low complaint ratings
- Four replacement coverage options to choose
Cons
- Not available nationwide
- Discounts are unavailable or limited in some areas
Discounts Available
- Multi-policy
- Safe heat
- Alarms
- New/hail-resistant roof
- Dwelling age
- And more
Add-On Coverage
- Sump pump and sewer/drain backup
- Earthquake and flood
- Identity theft
Best for Add-On Coverage
Why we chose it
Why we chose it
Pros
- Low customer complaint ratings
- Brand new belongings coverage
- Will replace roof with stronger, better materials
Cons
- Lower-than-average customer satisfaction
- Mobile app is geared toward auto policy management
Discounts Available
- Home purchase
- Multi-policy
- Home renovation
- And more
Add-On Coverage
- Water back up
- Identity theft
- Extended replacement cost
- Earthquake and flood
- And more
More Nationwide Insurance Reviews
Best for Premium and Deiductible Costs
Why we chose it
Why we chose it
Pros
- More-than-average additional coverage options
- Claims-free rewards
- Digital home inventory app available
Cons
- High customer complaint ratings
- Average customer satisfaction rating
Discounts Available
- Auto-pay
- Homebuyer discount
- 10% welcome discount
- Early signing discount
- And more
Add-On Coverage
- ID theft
- Eco-friendly improvements
- Sports/musical equipment
- Yard and garden
- Water backup
More Allstate Insurance Reviews
Best for Cheap Home Insurance Discounts
Why we chose it
Why we chose it
Pros
- Lower-than-average customer complaints
- More-than-average amount of discounts
- Digital home inventory tools
Cons
- Lower-than-average customer satisfaction
- No local agents
- Home inspection may be required
Discounts Available
- Claims-free
- New/renovated home and new homebuyer
- Early shopper
- Paperless billing
- And more
Add-On Coverage
- Hurricane
- Inflation protection
- Sewer/drain and sump pump backups
- Actual cash value
More Liberty Mutual Insurance Reviews
Best for Military Members
Why we chose it
Why we chose it
Pros
- Strong financial and customer satisfaction ratings
- Mobile claim filing and tracking
- Low customer complaint ratings
Cons
- Limited available discounts
- Only available to military
- Limited additional coverage options
Discounts Available
- Multi-policy
- Claims-free
- Home security system
Add-On Coverage
- Home sharing
- Earthquake
- Identity theft
More USAA Insurance Reviews
Best for Basic Home Insurance
Why we chose it
Why we chose it
Pros
- Strong financial ratings from AM Best
- Lower-than-average customer complaint ratings
- Two flood insurance coverage options
Cons
- Not available nationwide
- No home insurance mobile app or online claims
- Limited discounts
Discounts Available
- Smoke/burglary alarm system or automatic sprinkler system
- Advanced quote
- Multi-policy
Add-On Coverage
- Water backup and sump pump
- Identity theft
- Service lines
More Erie Insurance Reviews
*J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.
How to Choose the Best Home Insurance Company
Bundling Your Home and Auto Insurance
Bundling home and auto insurance is a popular option offered by top home insurance companies because these are two of the most common types of consumer insurance products. When homeowners bundle their home insurance with their auto insurance, it means that they are buying two separate insurance policies with one company. Because the loyalty and extra business is appreciated, insurers will mostly likely offer a 10% to 20% discount on premiums. This also means that when you pay home or auto insurance, it comes out as one payment from your bank account.
If you’re shopping for cheap home insurance or cheap auto insurance, bundling is an easy option to not only make the policy-buying process smoother (since the company already has your information) but it also can save money over time. Furthermore, many insurance companies give customers access to both home and auto insurance policy information through a mobile app.
How to Calculate How Much Home Insurance You Need
According to Nationwide, two-third of homes in America are underinsured. This is because homeowners often confuse their lender’s minimum requirements with what they actually need. In an interview with CNBC, real estate attorney Peter Morra explained the difference. “Sometimes it’s cheaper to just get a policy that covers you for a dollar number that covers your mortgage, but you want to be sure that you can replace what you have if something happens,” says Morra.
When calculating how much home insurance to purchase, there are two major factors to think about. These are:
- Find out what type of coverage you need. Your lender may have their own requirements, but you should at least have dwelling coverage for the home itself, personal property coverage for its contents, and liability insurance in case you are held responsible for injury or damage. Additional coverage can help protect high-value belongings and insure you against specific hazards in your geographic area.
- Choose your policy limits. Again, check with your lender to find out what the minimum requirements are, but don’t assume this is enough. Make sure your dwelling coverage will cover the cost of rebuilding your home in the event that it is completely lost and your personal property coverage is enough to replace everything you own within your home. Liability coverage should at least cover your net worth or the total value of your assets minus any debts (like your outstanding mortgage balance.)
Ask The Experts
Best Homeowners Insurance by State
FAQs
Methodology
We evaluated the best home insurance companies based on availability, customer satisfaction, financial stability, and coverage to determine Reviews.com score and create our best home insurance reviews. To compare home insurance companies with other providers across the board, we calculate each Reviews.com score based on the following:
- Coverage: The more options a home insurance company has for insurance add-ons and coverages, the higher it scores in our methodology.
- Customer Experience: We reviewed the National Association of Insurance Commissioners’ National Complaint Index and compared each homeowners insurance company’s complaint rating.
- Customer Satisfaction: With J.D. Power’s 2020 Home Insurance Satisfaction Study, we assigned a score to each company based on the rating it received.
- Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each home insurance company’s financial stability.
- Discounts: We reviewed and compared the number of discounts advertised on each home insurance company’s website. The more available discounts, the higher the score in this metric.