Find the Best and Cheapest Insurance for you
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Best & Cheapest Home Insurance as Rated by Customers in 2020

4.59 ★★★★★
1330 customer reviews
rated their claim's experience positively
4.59 ★★★★★
74 customer reviews
rated their claim's experience positively
4.54 ★★★★★
25 customer reviews
rated their claim's experience positively
4.49 ★★★★★
36 customer reviews
rated their claim's experience positively
4.23 ★★★★★
81 customer reviews
rated their claim's experience positively
4.20 ★★★★★
43 customer reviews
rated their claim's experience positively
4.16 ★★★★★
57 customer reviews
rated their claim's experience positively
4.16 ★★★★★
85 customer reviews
rated their claim's experience positively
4.14 ★★★★★
544 customer reviews
rated their claim's experience positively
4.07 ★★★★★
1197 customer reviews
rated their claim's experience positively
4.05 ★★★★★
99 customer reviews
rated their claim's experience positively
4.01 ★★★★★
270 customer reviews
rated their claim's experience positively
3.99 ★★★★★
54 customer reviews
rated their claim's experience positively
3.95 ★★★★★
3283 customer reviews
rated their claim's experience positively
3.92 ★★★★★
128 customer reviews
rated their claim's experience positively
3.89 ★★★★★
179 customer reviews
rated their claim's experience positively
3.88 ★★★★★
44 customer reviews
rated their claim's experience positively
3.80 ★★★★★
359 customer reviews
rated their claim's experience positively
3.75 ★★★★★
70 customer reviews
rated their claim's experience positively
3.59 ★★★★★
316 customer reviews
rated their claim's experience positively
3.49 ★★★★★
772 customer reviews
rated their claim's experience positively
2.70 ★★★★★
78 customer reviews
rated their claim's experience positively
2.59 ★★★★★
69 customer reviews
rated their claim's experience positively
2.53 ★★★★★
54 customer reviews
rated their claim's experience positively
1.65 ★★★★★
49 customer reviews
rated their claim's experience positively
1.27 ★★★★★
34 customer reviews
rated their claim's experience positively

Best Homeowners Insurance

The odds of filing a homeowners insurance claim can feel small, at least when compared to our car that we drive on a daily basis. But your home is at risk, too. Whether it’s a water damage claim, an injury to a third-party, a break-in or damage from a natural disaster, there are unfortunately plenty of potential reasons to file a claim with your homeowners insurance company. In the event that time comes, don’t you want to feel confident you’ve protected your home with one of the best homeowners insurance companies?

To give you more confidence in your homeowners insurance, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best home insurance companies. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance. Next to each insurer you’ll find the company’s rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the best homeowners insurance rankings.

If you’re looking for additional information on one of the best homeowners insurance companies, you can visit the company’s profile page where you’ll learn about the company, additional coverages and potential discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company.

Who offers the best homeowners insurance rates for a $200K home?

When looking for the best homeowners insurance company, you’re probably hoping to find a company that also offers the best homeowners insurance rates. Given the abundance of factors that insurance companies consider when pricing a home insurance policy, we can’t provide exact rates you’ll pay with each company. In order to figure out what your homeowners rates will be, you’ll need to get a formal quote from each company you’re considering.

However, we have provided the average homeowners insurance rates for a $200K home from seven of the largest companies in the United States. Nationwide has the best homeowners insurance rates, on average for a $200,000 home, out of a group of eight of the largest home insurance companies in the country. Homeowners insurance from Nationwide costs an average of $989 per year, followed by Allstate at $1,096 per year.

Rank Company Homeowners insurance rates
1 Nationwide $989
2 Allstate $1,096
3 State Farm $1,172
4 USAA $1,189
5 Travelers $1,219
6 American Family $1,502
8 Farmers Insurance $1,616

The rates for each of these companies are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates will differ. Rate data is provided by Quadrant Information Services.

To get these company rates, we averaged data across all states we had available data for. Please note: rate data wasn’t available for every company in every state.

Who offers the best homeowners insurance rates for a $400K home?

Homeowners insurance rates depend heavily on the value of your home. As you’ll see in the table below, the average homeowners insurance rates for a $400K home are significantly higher than the average rates for a $200K home.

For a $400,000 home, State Farm offers the best homeowners insurance rates on average at $1,864 per year. USAA, Nationwide and Allstate all have similar national average homeowners insurance rates. See the table below for average rates for a $400K home across seven companies.

Rank Company Homeowners insurance rates
1 State Farm $1,864
2 USAA $1,868
3 Nationwide $1,889
4 Allstate $1,931
5 Travelers $2,107
6 American Family $2,281
8 Farmers Insurance $2,909

The rates for each of these companies are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates will differ. Rate data is provided by Quadrant Information Services.

To get these company rates, we averaged data across all states we had available data for. Please note: rate data wasn’t available for every company in every state.

How much is homeowners insurance?

The cost of homeowners insurance depends on many factors, including where you live and how much your home is worth. In the table below, we’ve listed average homeowners insurance rates in all 50 states and Washington, D.C., for a $200,000 home and a $400,000 home.

While these average homeowners insurance rates can provide a helpful baseline, home insurance rates can vary significantly depending on where you live in the state and which company you purchase insurance from.

Take a $200,000 home in Florida, for instance. A home along the coast is likely going to cost significantly more to insure than a home in the center of the state because of the higher risk of hurricanes and damage along the coast. If you’re interested in seeing how rates vary by company within your state, click on your state below.

State $200K home $400K home
Alabama $1,506 $2,916
Alaska $862 $1,522
Arizona $1,077 $1,684
Arkansas $1,823 $2,848
California $681 $1,263
Colorado $2,157 $3,339
Connecticut $1,105 $1,993
Delaware $660 $1,186
Florida $1,442 $2,922
Georgia $1,184 $1,923
Hawaii $327 $600
Idaho $672 $1,139
Illinois $947 $1,520
Indiana $1,216 $2,034
Iowa $1,327 $2,153
Kansas $2,615 $4,180
Kentucky $1,444 $2,427
Louisiana $1,736 $3,322
Maine $830 $1,429
Maryland $759 $1,305
Massachusetts $844 $1,427
Michigan $721 $1,321
Minnesota $1,525 $2,365
Mississippi $1,686 $3,126
Missouri $1,755 $2,772
Montana $1,766 $2,980
Nebraska $2,198 $3,483
Nevada $731 $1,245
New Hampshire $607 $1,043
New Jersey $709 $1,346
New Mexico $1,319 $2,210
New York $750 $1,393
North Carolina $1,004 $2,082
North Dakota $1,640 $2,472
Ohio $782 $1,212
Oklahoma $2,321 $3,582
Oregon $636 $1,052
Pennsylvania $663 $1,131
Rhode Island $1,048 $1,966
South Carolina $1,443 $2,718
South Dakota $1,534 $2,621
Tennessee $1,880 $3,354
Texas $1,892 $2,907
Utah $618 $1,037
Vermont $428 $720
Virginia $797 $1,355
Washington $638 $1,085
Washington, D.C. $653 $1,199
West Virginia $1,137 $1,899
Wisconsin $910 $1,493
Wyoming $802 $1,471

Keep in mind that these rates are an average of the five largest homeowners insurance companies in the state and they will vary based on the coverages you have, where you live in the state and other factors. Given how much rates can vary by person, it’s always important to get formal quotes. Rate data is provided by Quadrant Information Services.

What're the best homeowners insurance companies for claims service?

While we all hope to never need to file a homeowners insurance claim, in the event you do, you want peace of mind that it’ll be handled efficiently and properly. But without having had a claim with a company before, how can you know which are best at servicing claims? That’s where our reviews and ratings can help.

We’ve compiled the homeowners claims rating for the top 10 companies that have at least 100 reviews from homeowners who’ve filed a claim with the company. Of these companies, USAA has the highest claims service rating at 4.71 out of 5. Erie Insurance has the next highest claims service rating at 4.36 out of 5.

Company Claims service rating # of claims reviews
USAA 4.71 326
Erie Insurance 4.36 112
Progressive 4.25 152
State Farm 4.20 1,006
Geico 4.17 220
Nationwide 4.15 180
American Family 4.03 126
Liberty Mutual 4.01 213
Farmers Insurance 4.01 188
Allstate 3.99 675

What does the best homeowners insurance cover?

Homeowners insurance generally covers your dwelling, your personal property, other structures on your personal property and liability. Additionally, a standard homeowners insurance policy also often offers protection for loss of use and medical payments to others.

What your homeowners insurance policy covers can vary by state, by company and by what type of policy you select, so it’s hard to generally say what home insurance covers.

Nonetheless, here’s a rundown of what perils a standard homeowners insurance policy generally covers. These are the 16 types of perils that are usually found in a homeowners insurance policy.

  1. Theft
  2. Fire or lightning
  3. Hail or windstorm
  4. Explosion
  5. Riots or civil commotion
  6. Damage caused by aircraft
  7. Damage caused by vehicles
  8. Smoke
  9. Vandalism or malicious mischief
  10. Falling objects
  11. Volcanic eruption
  12. Weight of ice, snow, or sleet
  13. Overflow or accidental discharge of steam or water from an appliance, heating, plumbing, air conditioning, or automatic fire-protective sprinkler system
  14. Sudden and accidental tearing apart, cracking, burning, or bulging of a steam or hot water heating system, an air conditioning or automatic fire-protective system
  15. Freezing of a heating, air conditioning, plumbing, or automatic, fire-protective sprinkler system, or of a household appliance
  16. Sudden and accidental damage from an artificially generated electrical current (not including loss to a tube, transistor, or similar electronic component)

Given that the coverage you need to protect your home and property can vary based on your individual needs, it’s important to talk with an insurance agent or company before selecting your policy. Once you’ve narrowed down the list of companies you’re considering from these rankings of the best homeowners insurance companies, talk with an agent or company to find the right policy for you.

You can also read about the differences between an HO-3 insurance policy and an HO-5 insurance policy. An HO-5 policy offers additional protection, but at an added cost.

What does the best homeowners insurance not cover?

Homeowners insurance policies don’t cover all perils. Home insurance typically does not cover flood damage caused by weather-related flooding. What does this mean? If your town experiences flooding during a severe storm and your basement ends up with a few inches of water and your washer and dryer are destroyed, a standard homeowners insurance policy likely won’t cover that damage.

However, some water damage is covered by home insurance. For example, if a pipe bursts in your basement and destroys your washer and dryer, your homeowners policy likely will cover that as it’s a named peril.

So outside of flood damage, what else does homeowners insurance not cover? Homeowners insurance also usually doesn’t cover earthquakes, damage from neglect, power failures, sinkholes, bed bugs, termites, mold (in some cases) and war.

How can you get protection from these events? In some cases, you can purchase an additional policy to protect you from these disasters. You can buy flood insurance or earthquake insurance to cover from the disasters that aren’t usually covered by homeowners insurance.

State Farm is the most popular home insurance company choice among homeowners, with more than 18 percent of homeowners around the country having a policy with State Farm. Allstate and Liberty Mutual rank second and third in most popular. Below is a look at the 10 largest homeowners insurance companies in the U.S. by market share.

Keep in mind that just because a company has significant market share doesn’t mean they provide the best customer service or the best price. It’s important to consider all factors when making a decision on who to buy your homeowners insurance from.

Company Market share
State Farm 18.6%
Allstate 8.4%
Liberty Mutual 6.9%
USAA 6.0%
Farmers Insurance 6.0%
Travelers 3.8%
Nationwide 3.5%
American Family 3.2%
Chubb Group of Insurance Companies 2.9%
Erie Insurance 1.7%

Note: The market share percentages include all companies that are owned by the group. For example, Safeco Insurance is owned by Liberty Mutual, meaning some of the 6.9 percent of market share is business done under the brand Safeco. Additionally, Encompass Insurance and Esurance are owned by Allstate, though these companies make up a very small percentage of Allstate’s total market share. Foremost is owned by Farmers Insurance. Allied and others are owned by Nationwide. Homesite is owned by American Family.

How to get the best home insurance

Finding the best homeowners insurance requires some research and shopping, but Clearsurance is here to make that process easier for you. This page on the best homeowners insurance companies is designed to provide you with insight into which companies customers rank as the best, average company rates, and what a homeowners insurance policy does and does not cover.

We recommend you start your search with the best homeowners insurance rankings table above. This rankings list is unlike any other you’ll find when searching for the best home insurance as the ratings and rankings are based entirely on customer feedback. Each company’s rating is calculated based on a variety of customer ratings from the thousands of reviews that homeowners have written on Clearsurance. To learn more about how we rate homeowners insurance companies, see our methodology below.

When you’ve narrowed your search by filtering for the best homeowners insurance companies in your state and selected a few companies you’re interested in, it’s important to do more research about each company. We know shopping for homeowners insurance may not be exhilarating, but it’s important to spend a few extra minutes researching up front, as it’s your home you’re protecting after all!

By visiting the company’s profile page, you can see what coverages they offer, what discounts they offer and what percentage of customers rate their claims experience positively. Additionally, you can read homeowners insurance reviews of each company to learn about the experiences of homeowners who’ve actually held a policy with the company. Think of this like asking your friend or family member about their experience with their homeowners insurance company.

We understand the price you pay to insure your home is important too. Read on to see how you can get the best homeowners insurance without sacrificing coverage.

How to get the best deal on homeowners insurance

There’s no sense in paying more money on your homeowners insurance than you need to, right? So what are the top ways to lower your homeowners insurance rates with one of the best homeowners insurance companies?

Here’s a list of the top five ways you can lower your homeowners insurance rates:

  1. Bundle your homeowners insurance with other policies
  2. Raise your homeowners insurance deductible
  3. Consider changing your level of coverage
  4. Install home safety features to your house
  5. If you’ve been claim-free, shop for a good deal

Speaking of shopping for a good deal, it’s important to obtain quotes from multiple companies. While the rates we listed above for your state and some companies provide a range of what you should be expecting, everyone has different rates. In order to get the best deal on your homeowners insurance, it pays to shop around.

Here are three ways you can compare homeowners insurance prices:

  1. Request quotes directly from companies that have online quoting capabilities
  2. Find a local independent insurance agent who can get quotes from multiple companies they represent.
  3. Use an online seller that can provide comparative quotes from multiple companies.

Once you’ve identified the best deal, make sure you verify that the company has a strong reputation for customer service and claims handling by checking out their profile page and reading reviews.

How best homeowners insurance rates are calculated

Ever wonder why you pay what you do for home insurance? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance may not be as obvious. Here’s a list of some of the things homeowners insurance companies consider when quoting you a rate:

  • The level of coverage required
  • The size of your mortgage
  • Your credit score (in some states)
  • The square footage of your home
  • The geographic location of your home
  • The condition of your home
  • The age of your home
  • The proximity of your home to a fire station
  • Your previous claims record
  • The amount of your deductible
  • Optional add-ons like umbrella insurance

Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.

How Clearsurance rates and ranks homeowners insurance companies

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

  • Price
  • Customer Service
  • Claim service
  • Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.