Bundling your homeowners policy with your car insurance and shopping around for the lowest rate are among the best ways to save money on home insurance. Make sure to ask about any discounts that may be available to you.
How to Compare Home Insurance Companies
Shopping around for home insurance quotes helps get you the right policy at the best price.
Updated on:
February 13, 2025
Find the Cheapest Home Insurance Quotes in Your Area
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Home insurance companies often have similar policies, but the prices, coverage options and customer satisfaction levels can all be very different.
For this reason, you should shop around and compare home insurance companies to find the best one for you.
Compare home insurance quotes by company
When shopping around for home insurance quotes, you’ll find that home insurance companies offer a wide range of rates.
Each company weighs factors differently when determining how much you pay, and each can have different types of discounts and savings.
Average home insurance rate by company
| Company | Annual rate | Monthly rate | |
|---|---|---|---|
 | Erie | $2,055 | $171 |
 | State Farm | $2,427 | $202 |
 | USAA* | $2,507 | $209 |
 | Allstate | $2,560 | $213 |
 | Chubb | $2,606 | $217 |
 | Progressive | $2,648 | $221 |
 | Country | $2,827 | $236 |
 | Nationwide | $3,055 | $255 |
 | American Family | $3,072 | $256 |
 | Travelers | $3,149 | $262 |
 | Farm Bureau | $3,639 | $303 |
 | Farmers | $3,801 | $317 |
Average rates are based on a policy with $400,000 of dwelling coverage and $200,000 of personal property coverage. *USAA is only available to active military members and veterans, along with their families.
Find the Cheapest Home Insurance Quotes in Your Area
How to compare home insurance quotes
You can get a home insurance quote by using an online quote comparison tool, talking to an insurance agent or directly visiting an insurance company’s website.
Insurance companies may include different coverages and deductibles in their quotes. We recommend looking at more than just the quoted rate to make the most accurate comparison. If you’re deciding between two insurers, try to compare quotes with the same deductible and other features.
You can simplify the process of comparing quotes by gathering basic information about your home and coverage needs before you start shopping. If there are any details you’re not sure about, check your county assessor’s website or your home’s inspection report.
Compare home insurance quotes by coverage
You’ll need to know how much coverage you need and want as you compare home insurance companies. Coverage limits can have a big impact on your quote.
These coverages are often included in a standard home insurance policy:
| Coverage type | What it does |
|---|---|
| Dwelling | Dwelling coverage pays to repair damage to your home from covered risks, like fires or fallen trees. |
| Other structures | Other structures coverage applies to sheds, detached garages and other buildings that aren’t attached to your home. |
| Personal property | Personal property coverage insures your belongings. This includes your appliances, furniture, clothing, electronics, gadgets and other items. |
| Loss of use | If your home is uninhabitable during repairs, then loss of use coverage will pay for rent and other temporary living expenses until you move back home. |
| Personal liability | Personal liability coverage takes care of injuries or damage you cause to others (but usually not while operating a vehicle). |
| Medical payments to others | Medical payments coverage is for the medical costs of a guest who gets hurt while visiting your home, regardless of fault. |
Tip: If you can’t decide between replacement cost and actual cash value coverage for your belongings, ask for separate quotes showing your rate with each coverage type.
Home insurance endorsements to compare
Insurance companies usually offer endorsements (also called add-ons), for certain coverages that other companies automatically include in their base policies.
Two important coverages that you may or may not have to pay extra for, depending on the company, are:
- A backup of a sewer or drain in your home could cause costly damage to your floors, walls and personal belongings. Find out if the policies you review cover this risk or require an endorsement.
- Extended replacement cost coverage increases your dwelling coverage if the cost of rebuilding your home after a covered disaster goes over your limit. A company may include it in your quote, or you might need to pay extra for it.
Insurance companies can also offer these optional coverages at a cost:
Compare home insurance quotes by deductible
You should also account for any price differences that may result from having different deductibles in your home insurance quotes.
In most areas, raising your deductible from $1,000 to $2,000 can lower your premium (also known as your rate) by about 10%.
Since your deductible is the amount that comes out of your pocket for property damage or theft claims, you don’t want it to be too high. However, increasing it to the most you’d be able to afford after a disaster can help you save money now.
How to navigate wind and hail deductibles
In many parts of the U.S., insurance companies separate your deductible for wind, hail and/or hurricane damage from the deductible that applies to other covered perils.
Compare home insurance quotes by ratings
While a low price is important, you also want the home insurance company you choose to provide great customer service.
Erie, Amica Mutual and Auto-Owners are the best home insurance companies for overall satisfaction, according to J.D. Power. However, although USAA has a higher rating than any other insurance company, only current and former members of the military and their families can get insurance from USAA.
Country Financial has the lowest complaint index score from the National Association of Insurance Commissioners (NAIC). The NAIC calculates complaint index scores using the number of complaints a company receives and the size of the company. If a company’s score is lower than 1.0, it receives fewer complaints than what’s expected from a company of its size.
Home insurance companies by ratings
| Company | LendingTree score | J.D. Power overall satisfaction (higher is better)** | NAIC complaint index (lower is better) |
|---|---|---|---|
| Erie |  | 888 | 0.5 |
| Amica Mutual |  | 906 | 0.33 |
| Auto-Owners | | 869 | 0.4 |
| State Farm | | 873 | 1.05 |
| American Family | | 877 | 0.49 |
| Nationwide |  | 877 | 0.96 |
| Progressive | | 851 | 1.43 |
| USAA* | | 899 | 0.33 |
*USAA is only available to military members and their families.**Source: J.D. Power 2024 Property Claims Satisfaction Study. Average is 869.
While considering these ratings when shopping for home insurance is a good idea, reviewing each company’s pros and cons is also helpful.
Here’s a look at some of the top home insurance companies:
Erie: Best for cheap car insurance rates
Pros
- Offers low home insurance rates compared to rivals
- Offers guaranteed home replacement cost, which covers rebuilding even above your policy’s limits
Cons
- Not available in every state
- Has few discounts compared to competitors
State Farm: Most popular
Pros
- Has almost 18% of the home insurance market share
- Relatively low home insurance rates
- Has a great bundling discount that can save you up to $1,273 per year on car and home insurance
Cons
- Offers few home insurance discounts
- Has limited optional coverages
Progressive: Best discounts
Pros
- Offers a wide variety of discounts
Cons
- More expensive than some rivals
- Has a relatively poor NAIC complaint rating
USAA: Best for military
Pros
- Excellent customer satisfaction
- Low rates
- Good benefits for active military
Cons
- Only available to military and their families
Allstate: Best for no recent claims
Pros
- Cheap rates
- Good selection of discounts, especially if you have no recent claims
Cons
- Customer satisfaction slightly below average
Tip: We recommend taking advantage of discounts available to you. You can contact your agent if you’re unsure which discounts you may qualify for.
Compare home insurance quotes by state
The location of your home can affect how much you pay for home insurance. If your home insurance quote is higher than your state average, we recommend looking at other companies.
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 |
Your home insurance rate can also vary depending on the city you live in. If you live in a city with a high crime rate or you live by the coast, you might pay higher home insurance rates.
Find the Cheapest Home Insurance Quotes in Your Area
Sample home insurance quote comparisons
Since coverage types, limits and prices tend to vary by company, comparing home insurance quotes on an exact apples-to-apples basis may be difficult. It’s usually up to you to decide what’s more important: a cheaper price or more coverage.
The difference in prices between the three quote examples below shows how different factors can affect your rate:
- Quote A is the most expensive because it replaces your personal property at the same price it would cost to by the items new — not their used value, as in Quote B.
- Quote C is the cheapest because the deductible is double what Quotes A and B offer. This will save you money in the short term, but you’ll need to come up with an extra $1,000 if disaster strikes.
Example home insurance quotes
| 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 a home insurance policy
We recommend reviewing your coverages, discounts and policy information before buying a home insurance policy. You can buy home insurance through an agent or online. Insurance companies will require a start date for your policy.
If you have an escrow account, you may need to pay for your home insurance yearly or according to your lender’s requirements. Otherwise, you can decide whether to pay for your home insurance policy monthly or yearly.
When should I shop around for a better home insurance rate?
If you already have homeowners insurance, you should compare quotes every few years to see if you can get a better deal. Since insurance companies adjust their rates regularly, a company that quoted you a high rate in the past may offer a lower rate the next time you shop.
You may also get a lower rate now than you did before if:
- More than three years have elapsed since your last home insurance claim
- Your credit has improved
- You’ve replaced your roof or upgraded your plumbing, heating or electricity
Events such as these may also lower your rate with your current insurer. However, comparing quotes as your circumstances change lets you see if a different company can give you a cheaper price.
Your existing home insurer may charge an early termination fee if you cancel midway through a policy term to switch. These cancellation fees tend to be small, but you can avoid one entirely if you switch when your current term expires.
What if I need to increase my home insurance coverage limits?
Most home insurance companies allow you to increase your coverage limits in your home insurance policy. When comparing quotes, make sure you are using the same coverage limits for all the quotes in order to get the most accurate comparison.
When figuring out your personal property coverage, you can try creating a home inventory list to make sure you have the right limit that will cover full replacement of your belongings after a total loss.
Also, home insurance policies usually have a default limit of $100,000 for liability coverage. This may seem adequate, but a long hospital stay or extended legal case after an accident can hit that limit quickly. Any claim-related costs after the limit is reached will have to be paid out of pocket.
To avoid this, raise your liability coverage to at least $300,000 to avoid financial stress.
Frequently asked questions
Homeowners insurance isn’t required by law. For mortgages, lenders often require you to insure your home at its replacement value, which is the estimated cost of rebuilding it. 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.
Most policies cap their coverage at $1,500 for jewelry and similar amounts for other valuables, unless you buy add-on protection.
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
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 NAIC’s complaint index scores 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.