Compare Home Insurance Companies and Rates
Our guide to home insurance compares top companies on factors like rates, coverage options and customer service ratings.
- Comparing home insurance quotes can save you money.
- It’s important to get the right amount of homeowners insurance coverage.
- Ratings help you find a company you can trust.
- Insurance companies need details about your home for quotes.
- Some of these details are on your county assessor’s website.
- It’s important to account for coverage differences in each quote.
- It never hurts to ask about home insurance discounts that may have been overlooked.
Compare home insurance company rates
State Farm has the cheapest home insurance rates at $2,427 a year, or $202 a month, on average. Allstate is only slightly more expensive at around $213 a month. However, each company’s rates vary by customer.
Your actual rate depends on factors like your location, your home’s features and, in most states, your credit history. Comparing home insurance quotes helps you find the cheapest rate for your situation.
Home insurance rates by company
| Company | Annual rate | Monthly rate | LendingTree score | |
|---|---|---|---|---|
 | State Farm | $2,427 | $202 |  |
 | Allstate | $2,560 | $213 | |
 | Chubb | $2,606 | $217 | |
 | Progressive | $2,648 | $221 | |
 | Nationwide | $3,055 | $255 |  |
 | American Family | $3,072 | $256 | |
 | Travelers | $3,149 | $262 | |
 | Farmers | $3,801 | $317 | |
 | USAA* | $2,507 | $209 | |
Compare home insurance quotes by state
The location of your home affects how much you pay for home insurance. If your home insurance rate is higher than your state average, it’s good to shop for cheaper quotes.
Home insurance rates by state
| State | Average rate | Cheapest company | Cheapest premium |
|---|---|---|---|
| Alabama | $3,217 | Allstate | $2,228 |
| Alaska | $1,475 | Western National | $1,235 |
| Arizona | $2,623 | State Farm | $1,737 |
| Arkansas | $3,722 | MetLife | $2,519 |
| California | $1,260 | USAA | $799 |
| Colorado | $4,489 | Chubb | $2,614 |
| Connecticut | $2,618 | Allstate | $1,737 |
| Delaware | $1,701 | Nationwide | $840 |
| District of Columbia | $1,764 | Nationwide | $1,409 |
| Florida | $3,889 | Chubb | $2,294 |
| Georgia | $2,869 | Progressive | $2,061 |
| Hawaii | $632 | UPC Insurance | $370 |
| Idaho | $2,178 | Mutual of Enumclaw | $957 |
| Illinois | $2,743 | Nationwide | $1,545 |
| Indiana | $2,643 | Erie Insurance | $1,453 |
| Iowa | $2,697 | Pekin Insurance | $1,830 |
| Kansas | $5,412 | Shelter Insurance | $3,227 |
| Kentucky | $4,671 | Cincinnati Insurance Co. | $2,030 |
| Louisiana | $4,033 | State Farm | $1,274 |
| Maine | $1,863 | Vermont Mutual Insurance | $1,006 |
| Maryland | $1,810 | Travelers | $1,384 |
| Massachusetts | $1,906 | Norfolk & Dedham Group | $685 |
| Michigan | $2,467 | The Hanover Insurance Group | $1,004 |
| Minnesota | $3,642 | North Star Mutual Insurance Co. | $2,001 |
| Mississippi | $4,201 | Southern Farm Bureau Casualty | $3,249 |
| Missouri | $3,387 | Allstate | $2,356 |
| Montana | $3,068 | Farmers | $1,660 |
| Nebraska | $5,912 | American Family | $3,834 |
| Nevada | $1,626 | Nationwide | $1,065 |
| New Hampshire | $1,760 | Vermont Mutual Insurance | $1,048 |
| New Jersey | $1,744 | Allstate | $1,028 |
| New Mexico | $3,354 | State Farm | $2,183 |
| New York | $1,897 | NYCM Insurance | $529 |
| North Carolina | $3,378 | State Farm | $1,475 |
| North Dakota | $2,911 | North Star Mutual Insurance Co. | $1,947 |
| Ohio | $2,207 | Erie Insurance | $1,242 |
| Oklahoma | $6,133 | American Farmers & Ranchers | $4,466 |
| Oregon | $1,885 | Mutual of Enumclaw | $782 |
| Pennsylvania | $1,928 | Westfield Insurance | $1,017 |
| Rhode Island | $2,240 | State Farm | $1,027 |
| South Carolina | $3,335 | Allstate | $1,274 |
| South Dakota | $3,605 | North Star Mutual Insurance Co. | $2,530 |
| Tennessee | $2,857 | Erie Insurance | $2,332 |
| Texas | $5,180 | Texas Farm Bureau Insurance | $3,474 |
| Utah | $1,507 | Farm Bureau Financial Services | $1,230 |
| Vermont | $1,339 | Allstate | $768 |
| Virginia | $2,499 | State Farm | $1,483 |
| Washington | $1,600 | Mutual of Enumclaw | $907 |
| West Virginia | $2,511 | USAA | $1,197 |
| Wisconsin | $2,159 | Erie Insurance | $1,222 |
| Wyoming | $2,323 | Nationwide | $1,408 |
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How to compare home insurance
A little preparation makes it easier to compare home insurance companies. Along with your address and a few personal details, you’ll need to provide:
-
Your policy’s start date
If you’re buying a home, your coverage needs to begin on your close date. You can switch companies almost anytime. Keep your existing policy active until the new one begins. -
Your coverage needs
If you’re comparison shopping, pull up your current policy’s declarations, or dec page. This shows your existing coverage amounts, which are a good starting point. -
Basic details about your home
The information most home insurance companies need to prepare your quote includes:- The year your home was built
- Your home’s square footage
- Your home’s foundation type (basement, crawl space, etc.)
- The garage style (attached, built-in or detached) of your home
- The number of stories your home has
- Your home’s building and roofing materials
- Flooring, countertop and cabinet materials used in your home
- The type of heating your home uses
- Your home’s fuel source (electricity or natural gas)
You can find most of this information on your county assessor’s website or in your inspection report. Most insurance companies can also help you find these details.
How to shop
You should also choose a shopping option that makes you comfortable. You can shop for home insurance online, work with an agent or combine these options.
Online shopping
A few home insurance companies offer fully online shopping. This is a great option if you already know how much coverage you need. Most online insurance companies also offer live help by phone or chat.
You can get quotes directly from insurance company websites or use a comparison site like LendingTree. Comparison sites help you get multiple quotes with one questionnaire.
Working with an agent
An insurance agent can answer your questions and help you get the right amount of coverage. Some companies have captive, or exclusive, agents. Others work with independent agents.
- Captive agents can only give you quotes from the company they work for. You have to contact each of these companies’ agents separately. State Farm and Allstate are two examples of captive agent companies.
- Independent agents can get quotes from many different companies, helping you comparison shop. Travelers and Nationwide are examples of companies that work with independent agents. Independent agents can’t get you a quote from a captive-agent company.
How to compare home insurance coverage options
It’s important to compare the coverages in your home insurance quotes as well as rates. Each coverage has its own limit, or maximum payment amount. The typical coverages in a homeowners policy include:
This repairs structural damage to your home, including built-in appliances. Your dwelling limit should match your home’s replacement value
This pays to repair detached garages, sheds and other unattached buildings on your property. Most policies include a default limit of about 10% of your dwelling coverage. You may need more if you have a finished structure like a cottage.
The covers your belongings, including furniture, electronics, clothes, recreational gear and movable appliances like a refrigerator. A common default limit is 50% of your dwelling coverage, but some companies offer more. Creating an itemized list of your possessions and their value is a good way to figure out how much you need.
This pays for temporary living expenses after a covered disaster. The default limit is about 20% of your dwelling coverage. This is usually enough.
Homeowners liability covers injuries and damage you accidentally cause to others. Many companies offer $100,000 by default. It’s usually worth bumping this up to at least $300,000.
This covers medical treatment for a guest injured at your home. Default limits range from $1,000 to $5,000. Anywhere in this range is usually fine.
Your dwelling, other structures and contents coverages include a deductible. This is the amount you pay before insurance funds kick in.
Home insurance covers common disasters like fire, windstorms and most damage from a winter freeze. However, it does not cover floods or earth movements, including earthquakes, landslides and sinkholes. You can buy separate insurance to cover each of these risks.
Most insurance companies offer endorsements, or optional add-ons, for more protection. The most useful ones include:
- Scheduled personal property: Standard home insurance has coverage limits for valuables like jewelry and antiques. This add-on gives your valuables extra protection.
- Water backup coverage: This relatively cheap endorsement can save you money and headaches after a sewer or drainage backup.
- Contents replacement cost: Standard home insurance covers your belongings at their current value, after age and wear. A replacement cost upgrade pays for comparable new items.
Home insurance rating comparisons
J.D. Power
- Companies that make it hard to get help or resolve complaints tend to have low satisfaction ratings from J.D. Power.
- The NAIC gives bad complaint ratings to companies that often mishandle claims.
- Companies with high rates, poor customer service or inflexible coverage options get low scores from LendingTree.
USAA and Chubb have excellent scores in all three ratings. However, USAA is only available to the military community, and Chubb is for high-value homes. For most homeowners, State Farm has the best satisfaction rating, and American Family has the best complaint rating.
Home insurance company ratings
| Company | Annual rate | J.D. Power
Source: J.D. Power 2024 U.S. Home Insurance Study. Higher is better.
| NAIC
Source: NAIC 2024 Complaint Index. Lower is better.
| LendingTree |
|---|---|---|---|---|
| Allstate | $2,560 | 631 | 1.1 | |
| American Family | $3,072 | 638 | 0.5 | |
| Chubb | $2,606 | 688 | 0.1 | |
| Farmers | $3,801 | 609 | 0.9 | |
| Nationwide | $3,055 | 641 | 1.3 | |
| Progressive | $2,648 | 634 | 1.7 | |
| State Farm | $2,427 | 643 | 1.2 | |
| Travelers | $3,149 | 609 | 0.9 | |
| USAA* | $2,507 | 737 | 0.4 | |
Expert advice
Why is it important to compare home insurance quotes?
Comparing home insurance quotes helps you get the most affordable rate. Companies change the way they set their rates from time to time. Your own rate qualifications can also change, especially if you improve your credit and avoid claims.
Comparing quotes before you buy or renew your policy protects you from overpaying. This can help reduce the strain on your household budget.
Home insurance company comparisons
Here’s how top home insurance companies compare on factors like price, customer service and coverage options.
Its 25% discount for bundling is generous. Unfortunately, these savings are offset by Allstate’s high car insurance rates. It charges 41% more than the national average.
Add-on coverage for water backups and valuables lets you customize your coverage. Allstate’s “green improvement reimbursement” is unique. It pays to replace damaged items with new ones that are more energy efficient.
- Cheap home insurance rates
- Customizable coverage options
- Several ways to save with discounts
- Customer satisfaction is worse than average
- High auto rates offset bundling discount
American Family’s Inland Flood coverage can come in handy in areas with moderate flood risks. It’s not full-fledged flood insurance, but it does give you some protection for flood damage. AmFam also has coverage options for home-based businesses and short-term rentals.
- Excellent NAIC complaint rating
- Flexible coverage options
- Limited flood protection available
- Home rates are 10% higher than average
- Satisfaction rating is just average
Chubb’s HomeScan service helps detect problems like leaks and faulty wiring. This lets you fix these problems before they lead to more severe damage. Chubb also offers a cash settlement if you don’t want to rebuild in your current location after a total loss.
- Excellent customer service ratings
- Cash settlement option for a total home loss
- Replacement cost coverage for your belongings
- Usually only insures high-end homes
- No online quotes
Farmers’ low satisfaction score means the company isn’t dazzling its customers with great rates and service, and its complaint score is only better than average. It does a better job settling claims than a typical company, but not by much.
- Affinity discounts for military and certain professions
- Slightly better than average on complaints
- Personalized service from local agents
- Expensive rates before discounts
- Below-average customer satisfaction
The company’s optional identity theft protection is a cut above other home insurance plans. It includes credit monitoring and only costs $45 a year. This is cheaper than some standalone identity protection plans.
At $3,055 a year, Nationwide’s home insurance rate is 9% above the national average. The discount it offers for bundling makes it more affordable. You can also get discounts if you recently bought or renovated your home.
- Flexible coverage options for your roof
- Discounts for recently bought homes
- Good ID theft plan for a home insurance company
- Higher-than-average home insurance rates
- Complaint score is worse than average
The company’s customer service ratings are worse than average. Its 1.7 complaint rating is especially troubling. It means Progressive has 70% more confirmed home insurance complaints than average.
- Cheap home insurance rates
- Money-saving discounts can make it more affordable
- User-friendly website makes it easy to shop online
- Poor complaint rating
- Relatively small discount for bundling
State Farm offers all the basic coverages like dwelling, personal property and liability. However, it doesn’t offer many of the extras that other companies have. For example, State Farm doesn’t have home insurance add-ons for home-based business or home sharing. It does offer business-owners insurance, but only as a separate policy.
- Charges 13% less than U.S. average for home insurance
- Cheap home and auto rates are good for bundling
- Excellent customer satisfaction rating
- Coverage options limited to the basics
- Complaint rating is worse than average
The company’s low satisfaction score means other companies have happier customers. From a ratings perspective, Travelers’ better-than-average complaint score is a saving grace.
- Cheap car insurance can make it a good deal for bundlers
- Complaint score is better than average
- Discount for LEED-certified homes
- Home rates are 12% higher than U.S. average
- Low customer satisfaction
A user-friendly website makes it easy to get quotes online and manage your policy. The company also provides live help by phone and online chat.
However, you usually get a different insurance agent each time you call in for assistance. Other companies let you work with the same agent on an ongoing basis, which often gets you more personalized service.
- Cheap rates
- Highest satisfaction score
- Excellent complaint rating
- Only available to the military community
- No personalized agent service
Sample home insurance quote comparison
Coverage types, limits and prices often vary by home insurance company. This can make it hard to compare companies on an exact apples-to-apples basis. You often have to decide whether a cheaper price is more important than more coverage or better customer service.
The difference in prices between the three quote examples below shows how different factors can affect your rate:
- Quote A is the most expensive. It pays to replace your belongings with new items. Quote B covers your items at lower amounts, factoring in age and wear.
- Quote C is the cheapest. It has a higher deductible than Quote A and Quote B. This will save you money upfront. However, you’ll need to come up with that higher deductible amount if disaster strikes.
Home insurance quote comparison
| Quote A | Quote B | Quote C |
|---|---|---|
| Dwelling coverage: $300,000 | Dwelling coverage: $300,000 | Dwelling coverage: $300,000 |
| Other structures: $30,000 | Other structures: $30,000 | Other structures: $30,000 |
| Personal property: $180,000, replacement cost | Personal property: $150,000, actual cash value | Personal property: $180,000, replacement cost |
| Loss of use: $60,000 | Loss of use: $60,000 | Loss of use: $60,000 |
| Personal liability: $100,000 | Personal liability: $100,000 | Personal liability: $100,000 |
| Medical payments: $5,000 | Medical payments: $5,000 | Medical payments: $5,000 |
| Endorsements: Extended replacement cost | Endorsements: None | Endorsements: Extended replacement cost |
| All-perils deductible: $1,000 | All-perils deductible: $1,000 | All-perils deductible: $2,000 |
| Price: $1,173 per year ($98 a month) | Price: $1,037 a year ($86 a month) | Price: $1,106 per year ($92 a month) |
Choosing your home insurance company
Once you’ve received your home insurance quotes, compare them to find the best offer. A low price is important, but you also need to make sure you have enough coverage.
Once you choose a policy, it’s pretty easy to finalize your purchase.
- If you’re buying a home, have your agent send your insurance binder to your mortgage company. Your binder summarizes your coverage and rates.
- If you’re switching companies, your next steps depend on how you pay for insurance. If you pay through an escrow account, let your mortgage company know about your new policy.
- If you pay your insurance company directly, just set up your payment plan. You usually get a cheaper rate when you pay upfront in full. However, you can usually also choose an installment plan with a down payment.
Money-saving home insurance tips
Comparing quotes, using discounts and choosing a high deductible can help you save money on home insurance. Avoiding claims for minor losses can help keep your rate low.
Reasons to shop around
Insurance companies frequently adjust the way they set rates. Your own rate qualifications can also change from time to time. For example, you usually get cheaper rates if your credit improves. Comparing quotes helps you find the cheapest home insurance that is currently available to you.
Home insurance discounts to ask about
The various discounts insurance companies offer can add up to serious savings. Most companies give you a discount for bundling your homeowners policy with your car insurance.
Several also give you discounts for protective devices ranging from deadbolt lots to monitored home security systems. Some companies also give you a discount for buying a newer home or living in a gated community.
Some of the questions that insurance companies ask for when providing quotes are related to discounts. Your replies let them include the appropriate discounts in your quote. It’s still good to ask about discounts when you get a quote, just to make sure none have been overlooked.
How a high deductible helps
Raising your deductible lowers the amount your insurance company pays if you have a claim. Insurance companies pass their savings along to you in the form of a lower rate.
Since your deductible comes out of your own pocket, you don’t want it to be too high. However, just raising your deductible from $1,000 to $2,000 can knock about 7% off your rate.
Why to avoid small claims
Paying for minor repairs yourself protects you from future rate hikes or worse. Insurance companies typically raise your rates for two or three years after a claim of any size. Your home insurance company may drop you if you have multiple claims within two or three years.
Spending a couple thousand dollars to avoid an insurance claim may seem like a hassle. But doing so can help you avoid potentially bigger insurance problems in the future.
Frequently asked questions
Bundling your home and auto insurance and shopping around are good ways to save money on home insurance. Make sure to ask about any discounts that may be available to you.
Homeowners insurance isn’t required by law. For mortgages, lenders make you insure your home at its replacement value, or estimated rebuild cost. You can insure it for a lower amount if you have a low loan balance or no mortgage. However, doing so is rarely advised.
If you’re buying a home, it’s best to begin shopping for homeowners insurance as soon as your offer is accepted. For mortgages, lenders require your insurance policy to take effect on your closing date.
Standard home insurance covers your belongings at actual cash value, or at depreciated prices. A replacement cost upgrade pays to replace damaged or stolen items with new ones.
Standard home insurance typically only offers limited coverage for certain valuables. Most policies only cover jewelry for up to $1,500 and have similar limits for antiques and fine art. However, you can usually pay extra to increase your coverage for items like these.
Methodology
The rates shown in this article are based on non-binding quotes collected from Quadrant Information Services. Your rates may vary. Average rates were compiled from rates in all 50 states. The following coverages and deductible were used unless otherwise noted:
- $400,000 dwelling coverage
- $40,000 other structures
- $200,000 personal property
- $80,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible
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Our team of insurance experts rated insurance companies based on several categories. These categories include average rates, discounts, coverage options, third-party customer service ratings and app/website experience. We weighted these categories based on what customers value in an insurance company.
For third-party customer service ratings, we included complaint index scores from the National Association of Insurance Commissioners (NAIC) and financial strength ratings from AM Best. NAIC complaint index scores are used to determine how satisfied customers are with their claims, while financial strength ratings from AM Best reflect the ability to pay out claims.