Homeowners Insurance Resources
Getting the right home insurance coverage is just as important as getting a cheap rate
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Your guide to home insurance
From comparing insurance companies and rates to understanding your coverage options, there’s a lot to consider. It’s no wonder that finding the right policy can feel overwhelming. LendingTree’s homeowners insurance guide helps you make informed decisions and find the policy that fits your needs and budget.
Explore types of home insurance
Depending on your home and risk, you might need more than the standard policy offers. Compare different types of homeowners insurance to make sure that you’re properly covered.
Rates and market insights
Home insurance premiums vary wildly across the country. Check average rates in your state to find some of the cheapest coverage in your area.
Expert guidance
Learn exactly what you’re paying for. LendingTree’s experts walk you through what homeowners insurance is, how it works and what you can do to save.
Insurance company reviews
Going through a claim is hard enough. Make sure the company you’re considering offers the customer service you deserve with LendingTree’s homeowners insurance company reviews.
Make sure you get the right coverage
Flooding
Coverage for flood damage usually isn’t included on your home insurance policy. Check if you’re in or near a flood zone, because many people find out the hard way.
Mobile homes
You usually need to insure your manufactured or mobile home, but what kind of policy you get will depend on your home’s age, with special policies for homes made before 1976.
Earthquakes
Earthquake coverage isn’t standard, but buying it can sometimes make sense, especially if you can’t deal with the major loan you’d need following a disastrous quake.
Senior citizens
For homeowners aged 55 and up, special discounts may be available to bring down your monthly insurance bill. Seek out insurance companies that offer seniors the best value.
Condos
Condo and co-op homeowners will need an HO-6 policy. Like with many other types of insurance, you’ll want to balance price with reliable service and coverage.
High-risk homes
Some homes are more likely to file a claim than others. This includes everything from a vacant home to having certain dog breeds on the premises. Learn whether you need a high-risk home policy.
Home insurance rates and market insights
Average homeowners insurance premiums and ratings
When you buy insurance, you’re essentially paying for two things — a promise from the insurance company that it will cover your claim as written in your policy and customer service.
Cheap rates are important, but you also want to be sure that your company will be there when you need it. Reviewing LendingTree ratings, JD Power claims satisfaction scores and NAIC complaints can give you a sneak peek into how a company treats its policyholders.
Home insurance company rates and rankings
| Company | Average annual rate | Claims satisfaction rating | NAIC complaint rating | LendingTree rating | |
|---|---|---|---|---|---|
 | Amica | $1,707 | 773 | 0.2 | Read Our Review |
 | State Farm | $1,761 | 690 | 1.4 | Read Our Review |
 | Auto-Owners | $3,206 | 681 | 0.5 | Read Our Review |
 | Allstate | $2,352 | 672 | 1.2 | Read Our Review |
 | Chubb | $3,790
Chubb doesn’t typically insurance lower-value homes. The rate displayed is for a dwelling limit of $550,000.
| 744 | 0 | Read Our Review |
 | USAA | $2,418 | 757 | 0.5 | Read Our Review |
 | Nationwide | $3,490 | 720 | 1.2 | Read Our Review |
 | Farmers | $2,895 | 691 | 0.7 | Read Our Review |
Tip: Compare home insurance rates in your state
Climate plays a big role in home insurance rates, and areas prone to severe weather tend to have higher premiums. For example, homeowners in the “Tornado Alley” region of the central U.S. pay some of the highest premiums in the country. Comparing rates in your home state can give you a better picture than looking at national rates.
Your coverage limit also helps dictate insurance costs. How much coverage you should carry depends on your home’s replacement value (the estimated cost to rebuild it, not what you paid for it).
Check out the table below to see how location and coverage amounts affect home insurance rates, or learn more with LendingTree’s full guide to home insurance rates.
Home insurance rates by state and coverage amount
| State | $300K | $400K | $550K | $750K |
|---|---|---|---|---|
| Alabama | $2,905 | $3,614 | $4,713 | $6,093 |
| Alaska | $1,224 | $1,519 | $1,940 | $2,489 |
| Arizona | $2,022 | $2,455 | $3,100 | $3,922 |
| Arkansas | $3,183 | $3,902 | $4,879 | $6,221 |
| California | $1,305 | $1,574 | $2,221 | $2,903 |
| Colorado | $3,889 | $4,717 | $5,847 | $7,234 |
| Connecticut | $2,105 | $2,595 | $3,410 | $4,391 |
| Delaware | $1,025 | $1,320 | $1,841 | $2,476 |
| Florida | $2,415 | $3,046 | $4,061 | $5,441 |
| Georgia | $2,376 | $2,939 | $3,833 | $4,898 |
| Hawaii | $709 | $928 | $1,273 | $1,708 |
| Idaho | $1,559 | $1,975 | $2,559 | $3,390 |
| Illinois | $2,489 | $2,987 | $3,695 | $4,635 |
| Indiana | $2,359 | $2,940 | $3,775 | $4,832 |
| Iowa | $2,798 | $3,492 | $4,460 | $5,672 |
| Kansas | $3,621 | $4,595 | $6,040 | $7,906 |
| Kentucky | $2,863 | $3,495 | $4,352 | $5,562 |
| Louisiana | $2,218 | $2,903 | $3,989 | $5,471 |
| Maine | $1,137 | $1,433 | $1,945 | $2,611 |
| Maryland | $1,934 | $2,345 | $3,269 | $4,336 |
| Massachusetts | $1,451 | $1,836 | $2,464 | $3,222 |
| Michigan | $1,998 | $2,545 | $3,435 | $4,603 |
| Minnesota | $2,437 | $3,150 | $4,181 | $5,377 |
| Mississippi | $2,466 | $3,154 | $4,085 | $5,272 |
| Missouri | $2,370 | $2,936 | $3,812 | $4,947 |
| Montana | $2,488 | $3,021 | $3,454 | $4,372 |
| Nebraska | $4,392 | $5,519 | $7,142 | $9,083 |
| Nevada | $1,462 | $1,829 | $2,420 | $3,121 |
| New Hampshire | $921 | $1,150 | $1,478 | $1,915 |
| New Jersey | $1,314 | $1,606 | $2,070 | $2,721 |
| New Mexico | $2,568 | $3,242 | $4,204 | $5,401 |
| New York | $1,232 | $1,587 | $2,238 | $3,003 |
| North Carolina | $2,293 | $2,874 | $3,730 | $4,911 |
| North Dakota | $2,209 | $2,751 | $3,556 | $4,612 |
| Ohio | $1,814 | $2,232 | $2,861 | $3,657 |
| Oklahoma | $4,670 | $5,951 | $8,761 | $11,548 |
| Oregon | $1,223 | $1,518 | $1,978 | $2,560 |
| Pennsylvania | $1,560 | $1,893 | $2,485 | $3,200 |
| Rhode Island | $1,876 | $2,337 | $3,061 | $4,087 |
| South Carolina | $2,717 | $3,477 | $4,390 | $5,853 |
| South Dakota | $2,900 | $3,637 | $4,735 | $6,139 |
| Tennessee | $3,081 | $3,757 | $4,816 | $6,265 |
| Texas | $3,510 | $4,458 | $5,547 | $7,139 |
| Utah | $1,460 | $1,858 | $2,391 | $3,085 |
| Vermont | $821 | $1,047 | $1,344 | $1,714 |
| Virginia | $2,232 | $2,762 | $3,635 | $4,713 |
| Washington | $1,403 | $1,756 | $2,335 | $3,053 |
| Washington, D.C. | NA | NA | NA | NA |
| West Virginia | $1,735 | $2,117 | $2,674 | $3,440 |
| Wisconsin | $1,479 | $1,897 | $2,366 | $3,062 |
| Wyoming | $1,819 | $2,396 | $3,295 | $4,400 |
LendingTree home insurance studies and reports
Expert guides
How much homeowners insurance costs
Each insurance company uses its own system to set rates, so shopping around and looking at different policies can result in very different price quotes. Just make sure that you’re comparing apples to apples by requesting the same coverage across companies.
Which home coverages to get
Homeowners insurance can cover everything from damage to your structures to theft of your property to backed-up water lines. Some coverage is automatically included. For others, you’ll need to pay for a special add-on.
How to save money on home insurance
There are plenty of ways to lower your home insurance premium. Ask about discounts and consider installing safety features like an alarm system or sprinklers. You could also raise your deductible
Bundling home and car insurance
One of the biggest ways to save on insurance is to get your home and car insurance from the same company. This is known as “bundling.” Not all companies offer the same bundling discount, but a savings of 10% to 25% is typical.
Homeowners insurance company reviews
How good is your current home insurance, really?
If you currently have home insurance and want to see how your insurer stacks up — and whether it’s worth switching — check out our reviews of some of the top companies, including:
Or shop around for insurance quotes to compare with what you’re paying now.
How LendingTree helps you find the right policy
Shopping for insurance isn’t always straightforward — especially when availability and pricing can vary widely. LendingTree makes it easier by helping you explore options from multiple insurers, so you can find coverage that fits your needs and budget.
How it works
Tell us about yourself
Answer a few quick questions about your needs.
Compare options from insurers
See quotes and typical rates from insurers that offer coverage in your area.
Choose the right policy
Review your options and pick the coverage that fits your needs and budget.
Frequently asked questions
You should have enough coverage to rebuild your home, garage and other structures. You also need enough personal property coverage to replace your belongings. Insurance companies have tools to help you estimate the cost to rebuild. For your belongings, it’s a good idea to create a rough inventory of what you own and how much your possessions are worth.
Homeowners insurance is not required by law. However, mortgage lenders usually require it. But even if you own your home outright, you should consider coverage to protect your home and belongings.
Home insurance usually covers:
- Dwelling: Damage to your home’s structure
- Other structures: Detached buildings like sheds or garages
- Personal property: Belongings such as furniture, clothes and electronics
- Liability: Injuries for guests and/or damage for which you’re legally responsible
- Loss of use: Extra living costs if you can’t stay in your home due to a covered loss
Your policy probably covers something like a sudden pipe burst, but an issue coming from outside your home, like a sewer or drain backup, will usually require add-on coverage. Coverage for flood damage is almost never included in standard homeowners policies and must be bought separately.
Yes, so long as you remain covered at all times, your lender should be fine with you switching insurance companies. Make sure the new policy kicks in before the old one ends and inform your mortgage lender about the change.
How we create LendingTree ratings
LendingTree rates insurance companies based on several categories. These categories include average rates, discounts, coverage options, third-party customer service ratings and app/website experience. LendingTree then uses this information to create LendingTree ratings, which help us identify and recommend the best insurance companies for consumers.
For third-party customer service ratings, LendingTree includes NAIC’s Complaint Index scores and financial strength ratings from AM Best. NAIC Complaint Index scores show how well companies treat customers over things like claims, while financial strength ratings from AM Best reflect the ability to pay out claims.
See LendingTree’s home insurance ratings methodology and full editorial guidelines for further details.
*USAA is only available to current and former members of the military, spouses and children of USAA members and employees of certain federal agencies.