Best Homeowners Insurance Companies-Homeowners Insurance Quote

Are you a homeowner looking for the cheapest and best homeowners insurance companies you can trust? With so many home insurance companies on the market, determining which one is best for you can be difficult. Tontimes’ insurance editorial team researched over 50 home insurance companies to assist you in making a decision.

To create a curated list of the best home insurance companies, we compared carriers based on average annual premiums, policy features, financial strength and customer service rankings, and more.

Because your home is one of your largest and most important investments, getting the best homeowners insurance available makes sense. Naturally, you’ll want a good deal, but you’ll also want the right combination of coverage from a company that can afford to pay your claim if disaster strikes.

Reliable customer service is also a plus. Here’s how to consider all of these factors when deciding on the best home insurance company for you.

According to our findings, USAA and State Farm tied for the best overall homeowner insurance companies, while Lemonade may be the best option for tech-enabled low-cost home insurance. However, it is critical to find a home insurance carrier that meets your needs and coverage requirements, so if these carriers don’t work for you, check out our full list of property insurers that may be good options for the majority of homeowners in the United States.

List Of Best homeowners insurance companies in 2022-An Overview

1. USAA: Best Overall
2. State Farm: Best Overall
3. NJM: Best for unique discounts
4. Erie: Best for robust coverage
5. Amica: Best for customer experience
6. Lemonade: Best for digital experience
7. Allstate: Best for insurance educational resources
8. Nationwide: Best for cheap rates for high-value homes

Compare home insurance companies based on their ratings

S/No.	Company name	Best for	AM Best rating	J.D. Power rating
1	USAA	Overall	A++ (Superior)	882/1,000
2	State Farm	Overall	A++ (Superior)	835/1,000
3	Erie	Robust coverage	A+ (Superior)	835/1,000
4	NJM	Unique discounts	A+ (Superior)	Not rated
5	Lemonade	Digital experience	Not rated	Not rated
6	Amica	Customer service	A+ (Superior)	854/1,000
7	Nationwide	High-value home coverage	A+ (Superior)	812/1,000
8	Allstate	Educational insurance resources	A+ (Superior)	829/1,000

Details Of Best Homeowners Insurance Companies

1. USAA: Overall Best Home  Insurance Company

Why USAA might be the best overall: Despite the fact that USAA only provides coverage to active-duty military and veterans, as well as their immediate families, the company has consistently high customer service ratings, extensive coverage options, and a low average premium.

In our 2022 Bankrate Awards, it was ranked as one of the best home insurance companies overall. There are also unique add-ons available, such as coverage for military uniforms for active duty or deployed policyholders.

Availability: Coverage is available in all states for policyholders who meet USAA’s eligibility requirements.

Pros: 

• Military-specific coverage options
• Low average premiums

Cons:

• Only military personnel, veterans, and qualifying family members are eligible.
• Fewer discounts are available than with some other home insurers.

How to Begin: To obtain a USAA home insurance quote, call 800-531-8722 or visit one of the company’s few office locations. Home insurance quotes are also available online.

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2. State Farm

Overall Best Home  Insurance Company

Why State Farm could be the best overall: State Farm is a highly rated, financially sound insurer with over 19,000 local exclusive agents across the United States. In 2022, it tied with USAA for best homeowners insurance companies overall. State Farm’s agency footprint is extensive when compared to other home insurance companies, which may be appealing if you prefer to handle your insurance needs locally and in person.

Availability: Except for Massachusetts and Rhode Island, coverage is available in all states.

Pros: 

• Superior financial strength rating
• Higher-than-average J.D. Power’s overall satisfaction ratings

Cons:

• higher-than-average premiums
• Lower-than-average According to J.D. Power, satisfaction scores

How to Begin: State Farm makes it simple to obtain a homeowners insurance quote. You can get a quote online, by calling 800-782-8332, or by visiting a State Farm agency near you.

3. Erie: Best Home Insurance Company With Strong Coverage

Why Erie may be the best option for comprehensive coverage: Erie offers a wide range of coverage options, from water backup to guaranteed home replacement coverage, to help you tailor a policy to your specific needs. Because Erie is a super-regional insurer, it only serves homeowners in 12 states and Washington, D.C.

However, if you live in an area served by Erie, you may find the insurer appealing due to its extensive optional coverage options, high overall customer satisfaction scores, and solid financial standing. Best Homeowners Insurance Companies

Coverage: Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, Washington, D.C., West Virginia, and Wisconsin are all covered.

Pros:

• Average premiums are low.
• Higher-than-average J.D. Power satisfaction ratings

Cons:

• In comparison to other insurance carriers, there is a lack of mobile app accessibility and usability.
• Lower-than-average According to J.D. Power, satisfaction levels are high.

How to Get Started: Erie only offers quotes through its distribution network of independent agents in your area. The company’s website includes a tool that can assist you in finding an agent and even selecting a preferred language.

4. NJM: Best For Special Discounts

Why NJM may be the best option for one-of-a-kind discounts: NJM is a regional property and casualty insurer, but it may be one of the best homeowners insurance companies for homeowners looking for a variety of savings options. The company’s premiums are significantly lower than the national average, and there are numerous discounts available, such as savings for having a backup generator, a home alarm system, or storm shutters (in some states).

However, keep in mind that the type of generator, alarm system, or storm shutters you use may affect the amount of money you save.

Availability: Coverage is available in the following states: Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania.

Pros:

• Average rates are low.
• Some many discounts

Cons:

• There is no mobile app available for NJM’s homeowners’ insurance policy.
• There is a limited amount of third-party data available for customer satisfaction.

To begin, call 800-232-6600 or use the online quote tool to obtain an NJM quote.

5. Lemonade: Best Digital Experience Home Insurance Company

Why Lemonade might be the best digital experience: Lemonade’s artificial intelligence and digital-first approach to underwriting home insurance is novel, allowing the carrier to provide useful online tools as well as lower-cost policies, according to the insurer. Best Homeowners Insurance Companies.

Rather than having physical locations, Lemonade operates through a highly rated mobile app. The interface is capable of processing simple claims in record time; the fastest claim time recorded was three seconds.

Coverage: Available in Arizona, California, Colorado, Connecticut, Georgia, Illinois, Indiana, Iowa, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia, Washington, D.C., and Wisconsin.

Pros:

• Innovative application of technology
• Quick claim service
• Best renters insurance company

Cons:

• There are few third-party rankings.
• Has no physical agency locations.

How to Begin: Lemonade is well-known for its technology. Home insurance quotes are available online or via a mobile app. If you need to speak with a representative, dial 844-733-8666.

More about Lemonade

J.D. Power has not yet rated Lemonade’s home insurance for customer service, but the carrier ranked first for renters insurance in the 2021 J.D. Power study.

Furthermore, it has a lower-than-average complaint index for home insurance from the National Association of Insurance Commissioners (NAIC), which means that the NAIC received fewer complaints from Lemonade’s homeowners insurance policyholders than the national average. Best Homeowners Insurance Companies.

6. Amica: The Best Home Insurance Company For Customer Service

Why Amica may be the best in terms of customer service: For policyholders looking for a positive customer service experience, Amica’s consistently high-rated claims service may be ideal. Since 2012, the company has held the top spot in the 2022 J.D.

Power Property Claims Study for ten years in a row. Its high customer satisfaction rating is paired with “Superior” financial strength, according to AM Best. Best Homeowners Insurance Companies.

Coverage: Except for Alaska and Hawaii, coverage is available in all states.

Pros:

• Excellent claims service
• Dividend policies may enable you to recoup a portion of your premium.

Cons:

• The average premium exceeds the national average.
• Certain structures, such as mobile homes, farms, and ranches, are not typically covered.

To get started: Visit Amica’s online quoting tool or call 800-242-6422 for a home insurance quote.

7. Nationwide: Best For High-Value Home Coverage

Why Nationwide may be the best choice for low rates on high-value homes: Based on a study of 2022 quoted annual premiums, the company’s rates are especially competitive for high-value homes offered through its Nationwide Private Client subsidiary. Best Homeowners Insurance Companies.

Compared to the national average premium for homes with $750,000 in dwelling coverage, which is $3,414 per year, Nationwide’s rates are $2,884 per year — a $530 difference.

Availability: Coverage is available in all states except Alaska, New Mexico, Louisiana, Florida, New Jersey, and Massachusetts.

Pros:

• Premiums for high-value homes are competitive.
• A variety of optional coverage types allow you to tailor your policy to your specific needs.

Cons:

• J.D. Power and the NAIC both gave lower-than-average customer satisfaction ratings.
• The above-average NAIC complaint index indicates that Nationwide receives more complaints than comparable insurers in the market.

How to Begin: You can obtain a Nationwide homeowners insurance quote in a variety of ways, including using the online quote feature, calling 877-669-6877, or working with a local independent agent who represents the company.

8. Allstate: The Best Home Insurance Company For Educational Insurance Resources

Why Allstate might be the best option for educational resources: A wealth of informational resources can assist policyholders in better understanding their home insurance policy and making informed coverage decisions.

On its website, Allstate provides a wealth of educational resources to assist first-time home buyers in navigating the homeowners insurance purchasing process. Best Homeowners Insurance Companies.

For example, Allstate’s Common and Expensive Claims tool provides information about the most common and costly insurance claims by ZIP code, which can help you determine whether you need specific coverage options on your policy.

Availability: As the name implies, its Coverage is available in all fifty states.

Pros:

• Online access to educational insurance information
• Common and Expensive Claims Tool may assist you in preparing for and mitigating home damage
• Superior financial strength rating

cons:

• Below-industry-average Customer satisfaction according to J.D. Power
• The default personal property coverage amount is lower than that of some competitors.

How To Start: To begin, Allstate provides online home insurance quotes. If you prefer to work with an agent, you can call 866-702-6500 or visit an Allstate agency near you.

Additional Homeowners Insurance Companies to Consider

9. Chubb: Best for high-value homes coverage

Why Chubb may be the best choice for luxury home insurance: If you own a luxury home, Chubb’s specialized homeowners insurance policies include risk consulting, which entails a trained risk consultant evaluating your home’s features to determine the rebuilding cost of your home.

Furthermore, Chubb provides a HomeScan tool, which may assist homeowners in identifying potential issues before they result in property damage claims. Best Homeowners Insurance Companies.

Availability: Coverage is available in all fifty states.

Pros:

• Coverage for luxury homes can be customized.
• The HomeScan tool may assist in identifying problems before they lead to claims.
• It also provides a large number of discounts.

Cons:

• According to J.D. Power, overall customer satisfaction is lower than average.
• Lower-value properties may be more expensive.
• tends to be more expensive than other insurers
• doesn’t offer online quotes for most consumers.

How to Get Started: Chubb only sells insurance through local independent agents. To find a Chubb office in your area, use the company’s Find an Agent tool.

10. Safeco

Best Home Insurance Company for Home Warranties

Why Safeco may be the best option for home warranties: Home insurance isn’t meant to cover normal wear and tear, but Safeco, in collaboration with American Home Shield, provides homeowners with the added benefit of a home warranty, which can help with a variety of unexpected expenses.

Safeco, a Liberty Mutual company, provides a variety of home insurance endorsements that allow customers to tailor their coverage to their specific needs, such as equipment breakdown coverage, service line coverage, and identity theft coverage. Best Homeowners Insurance Companies.

You can even supplement your coverage with a home warranty, which may help pay for damage that standard property insurance does not cover, such as normal deterioration.

Availability: Coverage is available in all states with the exception of Delaware, Hawaii, and Washington, D.C.

Pros:

• The option of a home warranty can help cover expenses that are not covered by standard insurance.
• A variety of endorsements allow you to personalize your insurance policy.

Cons:

• J.D. Power scores for overall and claims satisfaction are below average.
• Policies can be quoted online, but only through a local independent agent.

How to Begin: Safeco allows you to start quotes online, but policies must be purchased through an independent agent.

How Tontimes picked the Best Homeowners Insurance Companies

To determine the best homeowners insurance companies, Tontimes insurance experts first examined each carrier’s market share percentages, and customer satisfaction ratings from the 2021 J.D. Power U.S. Home Insurance Study and 2021 J.D. Power U.S. Property Claims Satisfaction Study, and financial strength ratings from major credit rating agencies.

We also looked at average premiums to determine each carrier’s affordability, as well as discount opportunities to maximize additional savings. Our final list of the best homeowners insurance companies includes carriers that offer a variety of coverage options, a combination of competitive rates and discount options, and unique options that allow you to tailor your policy to your specific needs.

How to Evaluate/Compare Home Insurance Companies

Each of the home insurance companies listed here has distinct advantages, but not all will be the best fit for your requirements. Consider your priorities before comparing carriers. Whether it’s a variety of policy options, discounts, or excellent customer service, knowing what you want helps you narrow down the list of companies from which to request a quote. Best Homeowners Insurance Companies.

You will be able to get an estimate of the cost of your homeowners insurance policy during the quoting process. You can also ask any questions you have about a carrier’s coverage details so that you can make the most informed decision about the inclusions in your policy.

Which is the best homeowners insurance company for combining home and auto insurance?

When you combine your home and auto insurance policies, you are purchasing both policies from the same company. As an incentive to policyholders, most companies offer discounts on both auto and home insurance policies (and sometimes other policies as well). Best Homeowners Insurance Companies.

This has the potential to make both policies less expensive than if you purchased them from separate insurance companies. We checked each carrier’s website or contacted them to see how significant each company’s bundling discount could be to give you an idea of how much you could potentially save by bundling policies.

Remember that the best carrier for you will be determined by your specific needs and preferences. Making a list of the features you want in your home and auto insurance policies is one way to find the best fit for your needs. Then you can get quotes from several carriers who may be a good fit for your needs. Best Homeowners Insurance Companies.

S/No.	Home insurance company	Potential typical bundle discount
1	USAA	Up to 10%
2	State Farm	Up to $1,127 annually
3	Erie	Up to 20%
4	NJM	Not stated
5	Lemonade	Not stated
6	Amica	Up to 30%
7	Nationwide	Up to 20%
8	Allstate	Up to 25%

What exactly is homeowners insurance?

Homeowners insurance safeguards your finances in the event that your home is damaged or destroyed by a covered peril. Your policy will almost certainly include liability coverage, which protects you financially if someone is injured on your property or their belongings are damaged and you are found to be at fault.

Although home insurance is not required by law, if you have a mortgage or a home loan, your lender will most likely require you to have one. Even if your house is paid off, industry experts strongly advise you to purchase home insurance. See Best Homeowners Insurance Companies above.

If your home is extensively damaged by a covered loss, a home insurance policy can help you avoid financial stress or devastation.

What is covered by homeowners insurance?

Damage to your home, detached structures, and personal property caused by the losses specified in your policy are covered by home insurance. Your liability exposure is almost certainly covered as well. Standard policies typically include the following coverage types:

• Dwelling coverage: This is the primary coverage in homeowners insurance, and it protects your home and any attached structures from specific types of damage such as fire, vandalism, and wind.
• Coverage of other structures: This coverage, also known as “detached structures coverage,” is typically 10-20% of your dwelling amount and covers items such as fences, sheds, gazebos, detached garages, and in-ground swimming pools.
• Personal property coverage: This section of your policy protects your belongings, such as furniture, clothing, and decorations. Personal property coverage is typically 50-75% of the value of your home, though you may be able to increase this. Best Homeowners Insurance Companies.
• Liability coverage: If you damage someone’s property or injure someone on your property and are found to be at fault, your liability coverage may pay for the damages as well as your legal fees.
• Additional living expenses (ALE), also known as loss of use, cover the costs of living away from home if it is rendered uninhabitable due to damage caused by a covered property claim.

Most standard home insurance policies include medical payments to others coverage, which pays for injuries to guests regardless of fault, up to the policy limit. Keep in mind that every policy is unique; you can frequently add endorsements to your policy to provide additional coverage. And there are several types of home insurance, all of which cover

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