Best Homeowners Insurance of 2024

Shopping for homeowner’s insurance can be intimidating. There are a lot of options to sort through, and you want to do your best to protect what is likely your largest asset while also trying to find the best rates. That’s why comparing insurers online is important to ensure you’re getting the best deal. Not sure how to decide between the top home insurance companies?
Here’s what you should know about how the best home insurance companies of 2024 stack up against each other.

Best homeowners insurance companies

Just want the quick facts at a glance? Here are the top home insurance companies of 2024 and what each company is best known for.
Insurance Carrier
Best for
Nationwide
Ordinance insurance
Allstate
Discounts and savings
State Farm
Local agents
Farmers
Quick quotes
Auto-Owners
Extra coverage options, such as appliance leaks
Lemonade
Tech-focused with emphasis on giving to charity
Progressive
Many discounts
Amica
Customer experience
USAA
Insurance for active military and veterans
Liberty Mutual
Inflation protection
Chubb
High-value homes
Erie
Customer experience
The Hartford
Age 50 plus

Best home insurance companies

What makes a home insurance company great? Here’s why the best home insurers of 2024 stand out amongst the competition.

Nationwide

Nationwide has made a name for itself in car insurance. Still, it's also a leader in the home insurance space — making them ideal for customers looking to bundle their insurance to get a discount as the insurance provider offers multi-policy discounts, such as combining homeowners with auto policies.
Unique features: Nationwide offers typical home insurance policies but also has many special features that help them stand out. Chief among these is their Brand New Belongings, which will help you Repair or replace your covered possessions, regardless of age or condition.
Customer service: Nationwide ranks above average for customer service. According to the J.D. Power 2023 U.S. Property Claims Satisfaction survey, Nationwide scored 884 out of 1,000 regarding customer satisfaction.
Discounts: You can get an online quote for Nationwide insurance or find a local agent to work with. Be sure to ask about possible discounts — if you purchased your home within the last 12 months, live in a gated community, and have smoke alarms you might qualify for a discount. Nationwide also offers multi-policy discounts and a discount for remaining claim-free.

Allstate

Allstate is known for its car insurance, but you’re in good hands with its homeowners insurance. One nice thing about Allstate is that it has various discounts that you can take advantage of to save on your overall policy. From a 20% discount when you switch to Allstate without a recent home insurance claim to an up to 25% multi-policy discount, it’s worth exploring all the various discounts you may be eligible for to see just how much you can save by switching to Allstate for your homeowner’s insurance policy.
Unique features: Allstate gives you a lot of different ways to save money on your insurance. Some unique discount programs include a Claim-Free Discount, Responsible Payment Discount, Early signing discount, and Protective Device Discount. Together, these can make a dent in the overall cost of your homeowner’s insurance.
Customer service: Allstate offers support 24/7. You can contact customer service over the phone or via email. Allstate ranked below average in the J.D. Power 2023 U.S. Property Claims Satisfaction survey.
Discounts: As mentioned above, one of Allstate’s defining features is the discounts it offers. From saving 10% when you switch from a different insurer to saving money on your policy when you have a history of 0 claims, there are many ways that Allstate can help you save money on your homeowners insurance.

State Farm

Founded in 1922, State Farm is one of the nation’s largest insurers, with 19,000 local agents. When it comes to State Farm, their agents are at their advantage. If you want to develop a relationship with your insurance agent instead of calling a hotline or interacting online, State Farm is probably a good option.
Unique features: State Farm has all the basic home insurance coverage amounts that other national insurers have, but it also has options for several add-ons to your policy. You can add extra coverage for earthquakes, identity theft, and business coverage for home businesses. It also has add-ons covering people working in your home, like babysitting, or if your furnace or air conditioning breaks down.
Customer service: State Farm ranks 6th in the J.D. Power 2023 U.S. Property Claims Satisfaction survey, above the industry average. State Farm’s website is relatively easy to navigate, and you can file claims online, follow the status of your claim, and review your policy.
Discounts: State Farm doesn’t have as many discounts as other insurers, but you can get a discount for multiple policies and a smoke alarm or a burglar alarm.

Farmers

Farmers may fit the bill if you’re looking for a large insurer with a mixture of standard and less-common features. Farmers offers three different tiers of homeowners insurance and are available in all 50 states. Coverage typically includes standard features such as dwelling, personal property, other structures, and additional living expenses.
Unique features: Farmers offers more than just standard coverage, which could be worthwhile depending on your needs and wants. For example, you can access higher limit coverage and identity theft coverage with your Farmers policy.
Customer service: Farmers ranked below average in the J.D. Power 2023 U.S. Property Claims Satisfaction survey, taking the eighth spot. You can access your policy from their website, pay your monthly premium, or file a claim. It also has a mobile app with the same functionality available on iOS and Android.
Discounts: Not only can you get a discount for purchasing multiple policies through Farmers, but it also offers discounts if you haven't filed a claim for three or more years, if you set up autopay, and have fire alarms, a sprinkler, or a home security system installed in your home.

Auto-Owners

You might think with a name like Auto-Owners you’d only be able to get auto insurance through this company, but it also offers home insurance. It uses independent agents to sell its insurance and is active in 26 states.
Unique features: What makes Auto-Owners special is the features available in their standard package. It goes above and beyond most insurers, covering food spoilage and damage to your home due to an appliance leak. It also offers add-ons such as ordinance or law coverage, identity theft coverage, and coverage for equipment breakdowns, such as fridges, washing machines, or air conditioning malfunction.
Customer service: Auto-Owners is below average on the J.D. Power 2023 U.S. Property Claims Satisfaction survey. Customers can use their website to view information about their policies and access account statements, but there's an option for online quotes or claims submission online.
Discounts: Auto-Owners offers discounts for paperless billing and online payments, timely premiums over the last three years, and if you've had a favorable claims history.

Lemonade

Lemonade is an innovative home insurance company that emphasizes technology and charity. Lemonade pools your premiums with other policyholders who care about similar issues. After claims and company expenses are paid out each year, it donates the leftover funds to a charity of your choice.
Unique features: Lemonade’s insurance policies are consistent with coverage from leading nationwide insurers. It also offers add-ons such as water coverage and the option to purchase replacement coverage which will cover the cost of completely replacing belongings that are damaged or stolen instead of reimbursing you for their current value.
Customer service: Lemonade isn’t rated on J.D. Power 2023 U.S. Property Claims Satisfaction survey. Keep in mind that Lemonade doesn’t use insurance agents. You buy your insurance through their website, where you can make any claims. You can also claim on their app, where you can also review your policy and make payments. If you need help with the claims process, it has customer support available by phone.
Discounts: Unlike other insurers, Lemonade doesn’t have a huge selection of discounts. It only has one discount: a multi-policy discount. Lemonade doesn’t offer auto or life insurance, so you’d have to bundle pet insurance (or renter’s insurance if you are also a renter).

USAA

USAA is only available to active members of military members or veterans and their families. It has been in operation since 1922 and handles banking and investing in addition to insurance. Plus, it offers advice on joining the military, deployment, and planning for life stages, such as getting ready for retirement.
Unique features: USAA includes in their standard plans identity theft coverage, military uniform coverage, and replacement cost coverage, which will cover the cost to replace your belongings instead of paying you for their current-day value.
Customer service: USAA isn’t ranked in the top J.D. Power 2023 U.S. Property Claims Satisfaction survey because it was deemed ineligible for not meeting the awards criteria. However, despite not officially ranking, it earned a score of 884 out of 1,000, which would be a higher score than other insurers if it qualified for the rankings. It has a website full of resources, plus you can file a claim and pay a bill via its mobile app.
Discounts: USAA doesn't offer too many discounts. There's a multi-policy discount, a connected home discount, and an up to 15% claims-free discount.

Liberty Mutual

Liberty Mutual is a large insurer with a global reach that offers many types of insurance, including auto and personal property insurance.
Unique features: Liberty Mutual offers mainly standard home insurance coverage, but it does have one element that sets them apart — inflation protection. This is included in their standard coverage and means that, come time to renew, it’ll automatically adjust your coverage limits to account for inflation. At that point, it’ll also discount your premium.
Customer service: Liberty Mutual has below-average customer service ratings. The J.D. Power 2023 U.S. Property Claims Satisfaction survey scored 870 out of 1,000 points. One standout feature is that it integrates with Alexa, so you can get a quote through Alexa and use the virtual assistant to advise you on any issues you are having with your home.
Discounts: Liberty Mutual offers many discounts. Here are some examples: bundling policies, three years claim-free, new home, new roof, smoke alarms, deadbolts, anti-burglary alarm, and discounts for paperless billing or online payments.

Erie

Not only does Erie offer standard homeowners insurance, but it also offers auto, life, and business insurance. It has been in business since 1925 and has over 5,000 employees and 13,000 agents. It serves the following 12 states: Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin, and the District of Columbia.
Unique features: In most states, Erie offers guaranteed replacement of your home, which means if it’s destroyed or damaged, it’ll pay for the full cost of rebuilding a new home without considering how any pre-existing damage might have decreased its value.
Customer service: Erie has excellent customer service rankings and was ranked first in the J.D. Power 2023 U.S. Property Claims Satisfaction survey. You can receive quotes and pay bills online. However, unlike many competitors, Erie doesn’t have a smartphone app.
Discounts: Erie only offers three insurance discounts. It’ll offer you a discount for having smoke alarms, bundling your policy, or getting a quote with them at least a week before your policy with another insurer is set to renew.

The Hartford

The Hartford insurance products are targeted toward those who are ages 50 or older. It offers not just home insurance but many products, such as auto insurance, which helps make investments. While people of all ages can purchase policies through The Hartford, their partnership with AARP typically makes them more attractive to an older demographic. Keep in mind that The Hartford does not offer home insurance in all states; Florida and Washington are notably not on their list.
Unique features: The Hartford has an array of add-ons you can opt for. The Hartford likely has more customization opportunities than any insurers on this list.
Customer service: The Hartford tied for the fourth spot in the J.D. Power 2023 U.S. Property Claims Satisfaction survey. It has a mobile app through which customers can view their policies, track claims, and pay bills.
Discounts: The Hartford offers several typical discounts such as a discount for bundled policies, home security, fire prevention, new homes, and being claim-free.

Chubb

Chubb is an insurance company that targets high-value homes and clients with a high net worth. In addition to home insurance, it also offers auto insurance. It's a global company operating in 54 countries around the world.
Unique features: Chubb has many perks that appeal to owners of custom homes, including their HomeScan technology, which identifies potential problems in a home before it causes damage. It also has unique features such as cash settlement, extended replacement costs, and even wildfire defense services to help you protect your home during a wildfire.
Customer service: Chubb ranked fifth on the J.D. Power 2023 U.S. Property Claims Satisfaction survey, fetching 880 out of 1,000 points. It does have a mobile app that allows customers to file and track claims and pay bills, which you can also do on its website.
Discounts: Chubb offers many discounts to customers, such as a backup generator discount, a multipolicy discount, fire and security discounts, and a claims-free discount, among others.

Best homeowner’s insurance summary

Here’s a summary of how the top home insurance companies of 2024 differ from each other.
Insurer
Discounts
Customer service
Available nationwide
Bundle policies
Nationwide
Yes
Above average
Yes
Yes
Allstate
Yes
Below average
Yes
Yes
State Farm
Yes
Above average
Yes
Yes
Farmers
Yes
Above average
No
Yes
Auto-Owners
Yes
Not ranked
No
Yes
Lemonade
Yes
Not ranked
No
Only renters insurance or pet insurance
Amica
Yes
Above average
All states except Hawaii
Yes
USAA
Yes
Not ranked
Yes
Yes
Liberty Mutual
Yes
Above average
Yes
Yes
Erie
Yes
Above average
12
Yes
The Hartford
Yes
Above average
No
Yes
Chubb
Yes
Below average
Yes
Yes

FAQs about homeowners insurance

Still have questions about finding the best homeowners insurance? Here are answers to many of the questions people commonly ask.
What is the best deductible for home insurance?
You’ll want to set a deductible that you can comfortably pay if damage should occur. Financial experts recommend about $1,000. You should stick to something in this range even if it’s tempting to increase your deductible to decrease your monthly premiums.
How much should homeowner’s insurance cost a month?
Your homeowner’s insurance is going to depend on a lot of factors such as where you live, how much your home is worth, and even your profession or education. A rule of thumb is that homeowners insurance should cost about $35 a month for every $100,000 in home value. So, if your home is worth $400,000 your insurance premium would be about $140 a month. This is, of course, a very general estimate.
Is home insurance mandatory in the United States?
Your mortgage lender is likely to require home insurance as a condition of your mortgage. Homeowners insurance isn’t required by law, so if you don’t have a mortgage you could technically get away without it.

Why should you have homeowners insurance?

Still not convinced you need homeowners insurance? Here’s what to consider when deciding if you need to be insured (and how much to get).
  • Your mortgage lender probably requires it: It’s unlikely your lender will extend the funds to buy your house without seeing proof of your homeowners' insurance — it’s their protection. If you cancel or change your policy at any time, your insurer will likely immediately notify your mortgage lender.
  • Extended coverage can keep you out of financial trouble: It could be tempting to go with the minimum amount of insurance needed to reduce your monthly premiums, but you should always be thinking about how you would pay for repairs or replacements in an emergency. This might be less of a concern if you have a large emergency fund. But suppose the cost of repairing your roof, buying a new washing machine, or fixing flood damage could be challenging for you to pay for without debt. In that case, finding an insurance policy that covers these possible occurrences is wise.
  • Coverage for your liability: Many homeowners' policies also cover your personal liability if someone is at your house and gets injured. This could cover scenarios like dog bites or injuries like someone falling down the stairs in your home. If you are sued for medical bills, having this liability coverage could be a major lifesaver for your finances.

The bottom line

Comparing homeowners insurance policies could seem overwhelming at first. Still, it’s important to weigh each policy's pros and cons carefully to ensure you’re getting homeowner’s insurance that is the best fit for your scenario. After deciding on a few of your personal top companies, receive and compare quotes. Be sure to see how the quoted premiums will fit into your overall budget before moving forward with any insurer, and don’t forget to inquire about potential discounts.

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