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A home is the biggest asset most Americans have, so you'll want to protect your dwelling by purchasing homeowners insurance.
Homeowners insurance is not required by law, but your lender will often require home insurance to protect the home if you have a mortgage. And if you live in a disaster-prone area, you may need additional coverage.
Insider looked at the top companies in size according to S&P Global data and customer satisfaction from J.D. Power and Associates. We also considered nationwide availability and the most recent credit rating from A.M. Best or Fitch Ratings.
View homeowners insurance quotes in your area
Best for homeowners insurance overall: Amica
Amica homeowners insurance
JD Power Customer Satisfaction Rating
No. 1
AM Best Financial Strength Rating
A+ (Superior)
Amica homeowners insurance
JD Power Customer Satisfaction Rating
No. 1
AM Best Financial Strength Rating
A+ (Superior)
On Policygenius's website
Amica homeowners insurance
On Policygenius's website
Details
JD Power Customer Satisfaction Rating
No. 1
AM Best Financial Strength Rating
A+ (Superior)
Pros & Cons
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Check mark iconA check mark. It indicates a confirmation of your intended interaction.
Ranked No. 1 in J.D. Power's homeowners insurance customer satisfaction survey.
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Wide array of discounts
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Not available in Alaska and Hawaii
Highlights
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.- Ranked No. 1 in J.D. Power's homeowners insurance customer satisfaction survey.
- Loyalty discount, automatic detection devices discount, alarm system discount, claim free discount.
- Offers home insurance dividends on your policy.
Additional Reading
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Amica is a strong competitor in homeowners insurance customer satisfaction, earning the top spot in J.D. Power's 2022 study of all widely available insurers. It's available in 48 states.
According to Insurify, customers with Amica can expect to pay about $800 to $3,600 per year on their premiums. Your rate can be on par or slightly higher than the national average which is $1,272, according to the most recent data from the Insurance Information Institute. But, each home's costs for insurance vary widely based on a variety of factors, including your home's value
Read our Amica insurance review.
Visit Amica's homeowners insurance website to learn more.
Best for military members: USAA
USAA Homeowners Insurance
AM Best Financial Strength Rating
A++ (Superior)
USAA Homeowners Insurance
AM Best Financial Strength Rating
A++ (Superior)
On Policygenius's website
USAA Homeowners Insurance
On Policygenius's website
Details
AM Best Financial Strength Rating
A++ (Superior)
Pros & Cons
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Good rates and customer satisfaction
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Only available to military, veterans, and their families.
Highlights
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.- USAA's homeowner's insurance is for military members, veterans, and their families.
- Discounts for Connected Home, ADT security systems, and being claim-free for 5 years
- Covers personal belongings with no depreciation
- USAA members were surveyed, and if had included on J.D Power's homeowners customer satisfaction survey, it would have been No. 1.
Additional Reading
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.USAA homeowners insurance is only available to active military, veterans, and their families. It's available in all states and consistently ranks at the top of claims and customer satisfaction surveys. USAA home insurance features and discounts
According to Insurify, customers with USAA can expect to pay about $1,001 per year on their premiums. This is below the national average which is $1,272, according to the most recent data from the Insurance Information Institute. But, each home's costs for insurance vary widely based on a variety of factors, including your home's value.
Read our USAA insurance review.
Visit USAA's homeowners insurance website to learn more.
Best for customer satisfaction: State Farm
State Farm Homeowners Insurance
JD Power Customer Satisfaction Rating
#6
AM Best Financial Strength Rating
A++ (Superior)
State Farm Homeowners Insurance
JD Power Customer Satisfaction Rating
#6
AM Best Financial Strength Rating
A++ (Superior)
On Policygenius's website
State Farm Homeowners Insurance
On Policygenius's website
Details
JD Power Customer Satisfaction Rating
#6
AM Best Financial Strength Rating
A++ (Superior)
Pros & Cons
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Established insurance company
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Nationwide presence
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Highly rated customer satisfaction
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Highly rated claims satisfaction
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Discounts for bundling insurance products
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None — State Farm scores high marks across the board
Highlights
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.- Homeowners insurance include Ting fire safety technology, cyber event identity restoration and fraud loss (CEIDR), and pet insurance
- Ranks highly for customer satisfaction
Additional Reading
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.State Farm is an established insurance industry and ranks in the top ten in claims and customer satisfaction. Home insurance policies are available in all 50 states. They're also available to purchase on your own online without an agent.
According to Insurify, customers with State Farm can expect to pay about $2,500 to $4,000 per year on their premiums. This is more expensive than the national average for homeowners insurance which is $1,272, according to the most recent data from the Insurance Information Institute. But, each home's costs for insurance vary widely based on a variety of factors, including your home's value.
Read our State Farm insurance review.
Visit State Farm's homeowners insurance website to learn more.
Best for discounts: Auto-owners
Auto-owners homeowners insurance
JD Power Customer Satisfaction Rating
#11
AM Best Financial Strength Rating
A++ (Superior)
Auto-owners homeowners insurance
JD Power Customer Satisfaction Rating
#11
AM Best Financial Strength Rating
A++ (Superior)
On Policygenius's website
Auto-owners homeowners insurance
On Policygenius's website
Details
JD Power Customer Satisfaction Rating
#11
AM Best Financial Strength Rating
A++ (Superior)
Pros & Cons
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Check mark iconA check mark. It indicates a confirmation of your intended interaction.
Ranks #11 in J.D. Power's homeowners insurance customer satisfaction survey
Check mark iconA check mark. It indicates a confirmation of your intended interaction.
Insider's top pick for homeowners insurance
Check mark iconA check mark. It indicates a confirmation of your intended interaction.
Variety of discount and coverage options
Dash iconA dash. It often indicates an interaction to shrink a section.
Not available in all states
Highlights
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.- Ranks high in customer satisfaction
- Discounts for installing protective devices, being mortgage-free, having a home water shutoff system, and having a backup generator
- Coverage for identity theft, and coverage for household appliances
- Full replacement of your home if your coverage is too low
Additional Reading
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Auto-Owners insures about 1.5% of America's homes. A high financial strength rating, along with high marks for claims and customer service, helps this insurance company stand out.
Read our Auto-owners insurance review.
Visit Auto-owners' homeowners insurance website to learn more.
The best for affordable homeowners insurance: Allstate
Allstate Homeowners Insurance
JD Power Customer Satisfaction Rating
#11
AM Best Financial Strength Rating
A+ (Superior)
Allstate Homeowners Insurance
JD Power Customer Satisfaction Rating
#11
AM Best Financial Strength Rating
A+ (Superior)
On Policygenius's website
Allstate Homeowners Insurance
On Policygenius's website
Details
JD Power Customer Satisfaction Rating
#11
AM Best Financial Strength Rating
A+ (Superior)
Pros & Cons
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Check mark iconA check mark. It indicates a confirmation of your intended interaction.
Established company with national presence and quotes available online
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Rates are slightly higher than what other companies offer
Highlights
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.- Offers HostAdvantage which is protection for your belongings while renting out your home.
- Offers flood insurance.
- Offers coverage during identity theft.
- You can get discounts for installing protective devices, and being claim free.
Additional Reading
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.Allstate has been in business since 1931. You can get quotes online or through an agent.
According to Insurify, customers with Allstate can expect to pay about $1,295 per year on their premiums. This is slightly above the national average for homeowners insurance which is $1,272, according to the most recent data from the Insurance Information Institute. But, each home's costs for insurance vary widely based on a variety of factors, including your home's value.
Read our Allstate insurance review.
Visit Allstate's homeowners insurance website to learn more.
Homeowners insurance companies ranked by affordability
The national average premiums for homeowners insurance is $1,272, according to the most recent data from the Insurance Information Institute. But, each home's costs for insurance vary widely based on various factors, including your home's value. Below are a few of the most affordable homeowners insurance companies across the nation:
Source: Insurify
The best homeowners insurance companies
USAA Homeowners Insurance
Amica homeowners insurance
State Farm Homeowners Insurance
Auto-owners homeowners insurance
Allstate Homeowners Insurance
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Editor's rating
5/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
Editor's rating
4.8/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
Overall homeowners insurance
Editor's rating
4.7/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
Editor's rating
4.6/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
Speak to an insurance agent to obtain a quote
Editor's rating
4.5/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star
Cheapest homeowners insurance
Homeowners insurance companies ranked by customer satisfaction
The latest study from J.D. Power — a consumer research company that conducts consumer surveys — shows that a homeowners insurance company's customer service and reputation are more important than price for homeowners.
Here's how homeowners insurance companies ranked when consumers were asked about satisfaction overall:
*USAA is only for active military, veterans, and their families.
Methodology: How did we choose the best homeowners insurance?
Insider looked at five factors to determine the best homeowners insurance: customer satisfaction ranking, claims satisfaction ranking, credit financial rating, and market share.
Customer satisfaction: We use J.D. Power's homeowners insurance customer satisfaction survey to evaluate the quality of service a company provides to its customers. Home insurers that ranked No.1 through #11 in the survey are considered above the industry average in customer satisfaction.
Financial stability ratings: We use AM's Best to determine a provider's financial strength. AM's Best is a credit rating agency that assesses an insurance company's ability to pay claims to its policyholders. A company that receives an A++ to B+ is stable in financial strength, while anything lower than a B means that a company is unstable or unable to meet its financial obligations.
Market share: The higher a company's market share, the more popular it is among policyholders nationwide. We gathered data on market shares from the S&P Global Market Intelligence.
Average premiums: While lower home and renters insurance premiums do not mean quality insurance, we do our best to balance a policy's cost with the value an insurer provides. A good premium is on par with or below the average cost of homeowners insurance which is $1,272, according to the most recent data from the Insurance Information Institute.
Best homeowners insurance companies — frequently asked questions (FAQ)
The average annual premium in the United States in 2019 was $1,272, according to the most recent data from the Insurance Information Institute.
But, each home's costs for insurance vary widely based on a variety of factors, including your home's value.
Homeowners insurance protects your dwelling, and your personal belongings. It also offers personal liability coverage for injuries that occur on your property.
Earthquakes, floods, government seizures, mudslides, ordinance updates, sewer backups, and sinkholes typically aren't covered under standard homeowners insurance policy and will require add-on coverage using a rider policy.
The type of homeowners insurance necessary depends on the type of home you purchased: condo, townhome, single-family, rental, or mobile home. Your coverage will vary based on the type of policy you have.
If you currently have homeowners insurance, review your policy coverage yearly. If your homeowners insurance company hasn't provided the level of service you expected, maybe it is time for you to select a new provider.
Remember that a cheap price doesn't mean good customer service. Focus on claims and customer satisfaction rankings, like those from J.D. Power, and comparison shop. This is especially important for those living in disaster-prone areas when good service can make all the difference.
According to the latest customer satisfaction survey from J.D. Power, USAA is the highest rated home insurance company. USAA is only available for military members, however, and the next highest-rated company is Amica Mutual.
Liz Knueven
Personal Finance Reporter
Liz was a reporter at Insider, primarily covering personal-finance topics. Before joining Insider, she wrote about financial and automotive topics as a freelancer for brands like LendingTree and Credit Karma. She earned her bachelor's degree in writing from The Savannah College of Art and Design. She lives and works in Cincinnati, Ohio. Find her on Twitter at @lizknueven.
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Ronda Lee was formerly an associate editor for insurance at Personal Finance Insider covering life, auto, homeowners, and renters insurance for consumers. Before joining Business Insider, she was a contributing writer at HuffPost with featured articles in politics, education, style, black voices, and entrepreneurship. She was also a freelance writer for PolicyGenius. She worked as an attorney practicing insurance defense and commercial litigation.
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Alani Asis
Personal Finance Reviews Fellow
Alani Asis is a Personal Finance Reviews Fellow who covers life, automotive, and homeowners insurance. Prior to Insider, Alani was a Mortgage Support Specialist and a personal finance freelance writer based in Hawai'i. You can reach her via email at or through Twitter @AlaniAsis.
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