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The Best Homeowners Insurance Companies

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    Reviews Report

    • Reviews.com rates Auto-Owners as the best homeowners insurance company on our list, based on available third-party agency scores and ratings.
    • These top home insurance companies were chosen based on having unique or abundant discounts, strong financial and customer satisfaction ratings, and customizable coverage options.

    The 7 Best Homeowners Insurance Companies of 2021

    • Auto-Owners: Best Overall Home Insurance
    • Amica: Best for Customer Satisfaction
    • Nationwide: Best for Add-On Coverage
    • Allstate: Best for Cheaper Rates
    • USAA: Best for Military Members and their Families
    • Erie: Best for Basic Home Insurance
    • NJM: Best Home Insurance for Dividend Policies

    Given the significant financial investment a home represents, insurance is a recommended protection to have and is commonly required by mortgage companies if your home is financed. When it comes to choosing a provider, the options are abundant. This review analyzes the best home insurance companies on the basis of quoted annual premium data from Coverage.com, and third-party ratings from agencies like AM Best and J.D. Power, to help in your search for the right fit. 

    Reviews.com used data from Coverage.com to find the average home insurance premiums in each state. We also compared discounts, coverage options, and third-party evaluations to rank and review the best home insurance. Compare quotes from home insurance providers in your state to help you get the best homeowners insurance rate available.

    Compare the Top Home Insurance Companies

    AVERAGE ANNUAL PREMIUM* 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$1,767A++ (Superior)831
    Pin Amica$2,474A+ (Superior)854
    Pin Nationwide$1,292A+ (Superior)812
    Pin Allstate$1,861A+ (Superior)829
    Pin USAA$1,546A++ (Superior)882
    Pin Erie$988A+ (Superior)835
    Pin NJM$450A+ (Superior)N/A

    *Based on $200,000 dwelling coverage

    **J.D. Power’s 2021 Home Insurance Study; USAA is not ranked by J.D. Power due to eligibility requirements

    The Best Home Insurance Companies

    Best Overall Home Insurance

    Why we chose it

    Auto-Owners is our top selection for homeowners insurance of the companies we reviewed. The company has excellent third-party reviews for customer satisfaction and financial strength, plus it offers a variety of discounts and add-ons that allow homeowners to design a customized policy.
    • A+ (Superior) AM Best Rate 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.
    • 831* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Auto-Owners is our top selection for homeowners insurance of the companies we reviewed. The company has excellent third-party reviews for customer satisfaction and financial strength, plus it offers a variety of discounts and add-ons that allow homeowners to design a customized policy.

    Pros

    • 12 possible discounts
    • Highly-rated for customer satisfaction
    • Guaranteed home replacement cost coverage

    Cons

    • No online or mobile claim-filing capabilities
    • No online quote option
    Read More

    Discounts Available

    • Multi-policy
    • Pay in full
    • Paperless billing
    • Mortgage-free

    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 Customer Experience

    Why we chose it

    Among our top companies, Amica receives the highest scores for customer satisfaction by J.D. Power, for companies considered eligible for ranking. In addition, the company offers a few unique options for extended coverage.
    • A+ (Superior) AM Best Rate 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.
    • 854* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Among our top companies, Amica receives the highest scores for customer satisfaction by J.D. Power, for companies considered eligible for ranking. In addition, the company offers a few unique options for extended coverage.

    Pros

    • Highly-rated for customer satisfaction
    • Unique extended coverage options

    Cons

    • AM Best downgraded financial strength in 2017
    • Lengthy quote process
    Read More

    Discounts Available

    • Claims-free
    • Multi-policy
    • New/remodeled home
    • Alarm system

    Add-On Coverage

    • Catastrophic coverage
    • Valuable items
    • Identity fraud
    • +30% dwelling replacement limit
    • Home business

    More Amica Insurance Reviews

    Best for Add-On Coverage

    Why we chose it

    Nationwide may be a great choice for policyholders looking for specific optional coverages that can fill gaps in your standard policy. Some of the add-ons available from Nationwide include Brand New Belongings coverage, Better Roof Replacement coverage, extended replacement cost, and law/ordinance coverage.
    • A+ (Superior) AM AM Best Rate 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.
    • 812* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Nationwide may be a great choice for policyholders looking for specific optional coverages that can fill gaps in your standard policy. Some of the add-ons available from Nationwide include Brand New Belongings coverage, Better Roof Replacement coverage, extended replacement cost, and law/ordinance coverage.

    Pros

    • Superior financial strength ratings from AM Best
    • Unique add-on coverage options

    Cons

    • Lower-than-average customer satisfaction
    Read More

    Discounts Available

    • Home purchase
    • Multi-policy
    • Home renovation

    Add-On Coverage

    • Water back up
    • Identity theft
    • Extended replacement cost
    • Better roof replacement
    • Brand new belongings
    • Ordinance and law

    More Nationwide Insurance Reviews

    Best for Cheaper Rates

    Why we chose it

    If you are looking for affordable home insurance, Allstate offers several options to help you potentially lock in or lower your rate. With Allstate’s Claim RateGuard and Deductible Rewards programs, your premium won’t change after filing your first claim, and you can get $100 off your deductible for each year you stay claim-free, up to $500.
    • A+ (Superior) AM Best Rate 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.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    If you are looking for affordable home insurance, Allstate offers several options to help you potentially lock in or lower your rate. With Allstate’s Claim RateGuard and Deductible Rewards programs, your premium won’t change after filing your first claim, and you can get $100 off your deductible for each year you stay claim-free, up to $500.

    Pros

    • Multiple premium savings opportunities
    • Digital home insurance tools and apps

    Cons

    • Average customer satisfaction rating
    Read More

    Discounts Available

    • Auto-pay
    • Homebuyer discount
    • 10% welcome discount
    • Early signing discount

    Add-On Coverage

    • ID theft
    • Eco-friendly improvements
    • Sports/musical equipment
    • Yard and garden
    • Water backup

    More Allstate Insurance Reviews

    Best for Military Members and their Families

    Why we chose it

    USAA exclusively sells insurance to active duty and retired military personnel, as well as their eligible spouses and children. If you are a member of the Armed Forces, USAA may be a top choice for home insurance, as it has excellent customer satisfaction ratings and competitive premiums, based on quoted annual premiums from Coverage.com.
    • A++ (Superior) AM Best Rate 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.
    • 882* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    USAA exclusively sells insurance to active duty and retired military personnel, as well as their eligible spouses and children. If you are a member of the Armed Forces, USAA may be a top choice for home insurance, as it has excellent customer satisfaction ratings and competitive premiums, based on quoted annual premiums from Coverage.com.

    Pros

    • Strong financial and customer satisfaction ratings
    • Mobile claim filing and tracking

    Cons

    • Limited available discounts
    • Only available to former and active military and their families
    Read More

    Discounts Available

    • Multi-policy
    • Claims-free
    • Home security system

    Add-On Coverage

    • Home sharing
    • Earthquake
    • Identity theft
    • Vehicle base storage

    More USAA Insurance Reviews

    Best for Basic Home Insurance

    Why we chose it

    For homeowners who are only looking for a basic policy with standard coverage, Erie may be worth considering. The company offers 24/7 customer support and has high customer satisfaction ratings, in addition to low premiums — based on our evaluation of average annual rates. Plus, every policy includes replacement cost coverage if you make basic home improvements, depending on your state.
    • A+ (Superior) AM Best Rate AM Best Rate 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.
    • 835* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    For homeowners who are only looking for a basic policy with standard coverage, Erie may be worth considering. The company offers 24/7 customer support and has high customer satisfaction ratings, in addition to low premiums — based on our evaluation of average annual rates. Plus, every policy includes replacement cost coverage if you make basic home improvements, depending on your state.

    Pros

    • Strong financial ratings from AM Best
    • Above average claim satisfaction scores
    • 24/7 customer support

    Cons

    • Not available in all states
    • No home insurance mobile app or online claims
    • Limited discounts
    Read More

    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

    Best for Home Insurance Dividends

    Why we chose it

    New Jersey Manufacturers (NJM) is unique among the best insurers for its dividend policies. NJM policyholders have the opportunity to recoup a portion of their premiums at the end of the year based on company performance, which may help you save money on home insurance.
    • A+ (Superior) AM Best Rate 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.
    • N/A* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    New Jersey Manufacturers (NJM) is unique among the best insurers for its dividend policies. NJM policyholders have the opportunity to recoup a portion of their premiums at the end of the year based on company performance, which may help you save money on home insurance.

    Pros

    • Bundling discounts available
    • Opportunity to receive dividends
    • Variety of endorsements

    Cons

    • Not rated by J.D. Power
    • Some coverages and discounts are not available in every state
    • Limited online tools and resources
    Read More

    Available Discounts

    • Multi-policy
    • Smoke alarm/fire sprinkler system
    • Retired homeowner
    • Backup or portable generator
    • Non-smoker
    • Storm shutters and hurricane glass
    • Pay in full
    • Electronic payment

    Additional Coverage

    • Scheduled personal property
    • Credit card fraud
    • Valuable items
    • Identity theft fraud
    • Family liability
    • Fungi, wet/dry rot, and bacteria
    • Supplemental loss assessment
    • Water backup/sump pump
    • Earthquake insurance

    More NJM Insurance Reviews

    *J.D. Power’s 2021 Home Insurance Study.

    Average Cost of Homeowners Insurance

    Based on average annual premiums from Coverage.com, we analyzed home insurance companies in the United States to indicate how rates vary by company.

    Homeowners Insurance CompanyAverage Annual Premiums*
    Citizens Property $3,819
    American National $3,260
    Amica $2,474
    The Hartford $2,381
    Chubb $2,178
    American Family $2,144
    Farmers $2,006
    Allstate $1,861
    State Farm $1,651
    USAA $1,546
    Travelers $1,501
    Nationwide $1,292
    Erie $988
    Mercury $918
    Union Mutual $843
    Quincy $794
    Virginia Farm Bureau $780
    Texas Farm Bureau $503
    Farm Bureau $501

    *Based on $200,000 of dwelling coverage

    Bundling Your Home and Auto Insurance

    Bundling home and auto insurance is a popular option offered by top home insurance companies. Insurance providers may offer up to a 10% to 25% discount on premiums when customers bundle home and car insurance with the same company. If you’re shopping for affordable home or auto insurance, bundling is an easy option to not only make the home insurance policy-buying process smoother (since the company already has your information), but also can save money on both policies.

    Home Insurance FAQ

    Methodologies

    Home Insurance Methodology

    We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers. 

    To compare home insurance companies across the board, we considered the following factors:

    • Customer Ratings — Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using 2021 J.D. Power Home Insurance Study ratings.
    • Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available. 
    • Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength ratings indicate a positive history of being able to pay out claims. We measured this using AM Best ratings.
    • Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.

    Rates are based on quoted annual premiums from Coverage.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.

    The coverage limits for home insurance rates reflect the following coverage and limits:

    • Coverage A, Dwelling: $200,000
    • Coverage B, Other Structures: $0
    • Coverage C, Personal Property: $100,000
    • Coverage D, Loss of Use: $40,000
    • Coverage E, Liability: $250,000
    • Coverage F, Medical Payments: $1,500

    The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

    About the Authors

    Elizabeth Rivelli

    Elizabeth Rivelli Contributing Writer

    Elizabeth Rivelli is an insurance writer for Reviews.com. Over the last year, she has covered insurance providers, best policies, industry trends and more. Elizabeth has been featured in The Simple Dollar, Bankrate and Coverage.com, among others. She holds a bachelor's degree in Communication Studies from Northeastern University in Boston, MA. The Best Term Life Insurance Companies is Elizabeth’s favorite review on Reviews.com.

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