12 Best Homeowners Insurance Companies – Your home is one of your most important and meaningful investments. So, choosing the best homeowners insurance companies available makes sense. Naturally, you will want an affordable price – but you also want the right coverage from an insurer that can pay your claim if any disaster strikes. And good consumer service is a plus too.
To help you find the best homeowner insurance providers, we looked at different companies’ customer complaint data, financial strength, and customer experience. We also analyze each insurance company’s coverage options and discounts. Based on these important factors, in this article are our 12 best homeowners insurance companies.
12 Best Homeowners Insurance Companies
Just so you know, we have evaluated the largest and most popular insurance companies in the country to help you find the best homeowners insurance. So, without much ado, below are the best homeowners insurance companies right now;
Chubb
Chubb ranks number in the list of our 12 top homeowners insurance companies. These companies target expensive homeowners and tailor most of their experience toward well-to-do and rich clients. It offers a huge number of coverage options including HomeScan, which helps to uncover issues in the house that requires attention before they cause any damage. Chubb also has several features in its policies that other companies charge additional money offers. And also offer large numbers of discounts.
Nationwide
Nationwide is a popular and trusted name in the insurance industry, which is a good option for people who want to go for a company they are already familiar with. Many insurers provide discounts for bundling your homeowners insurance with other insurance offerings, but this company provided other ways for customers to save money. As a policyholder, you can receive discounts for having protective devices in your home. You can also save money by having the surface and age of your home roof evaluated. Another good thing is that f company of its size has good customer reviews.
Lemonade
Lemonade is a relative newcomer in the insurance industry and does business in a little different way. Founded in the year 2015, this company operated online only and it is incorporated as a public benefit corporation. Lemonade only takes a fixed percentage of the claims money paid. And it lets consumers choose a charity of their choice that receives up to 40% of what is left. The company also offers other amazing benefits like replacement coverage with a standard home policy. However, the only downside Is that is more expensive and it is only available in 27 states in the USA.
Hippo
Another insurance company was founded in the year 2015. Just like lemonade, Hippo emphasized user experience and technology, promising a 1-minute quote feature for easy price comparison. This company is evident in some extras that come with their policies such as virtual connections to home maintenance advisors and smart home monitoring systems. Most of Hippo’s discounts focus on protecting your home. For example, hail-resistant ad burglar alarms will let you save on your premiums. Its only downside is that it is not available in all states.
Erie
Erie offers good insurance coverage to homeowners and amazing customer service at affordable prices. Although it only offers home insurance in 12 states and Washington DC, it is a company loved by money people. The company’s standard home insurance policy comes with additional coverage options that you won’t find in most insurers, like theft coverage and guaranteed replacement cost coverage. Another good thing is that it provides good customer service and receives only 9% of complaints from insurers of its size.
USAA
Founded in the year 1992, USAA provides insurance and financial products to members of the United States veterans, military, and their qualified family members. This company offers homeowners, small businesses, and renters insurance Along with other policies, pet life, health, and personal property. The standard homeowners policies with this company include some coverage opt other insurers charge extra for.
NJM
NJM insurance company only serves five states in the USA, but if you live in any of them, you will find amazing homeowners policies that include different types of coverage that other insurers charge extra for. For instance, this company’s guaranteed replacement cost coverage will pay to help rebuild your home if it gets destroyed, even if the damages done surpasses your dwelling limit. The NMJ insurance company has a good online experience that enables you to easily file for a claim and manage your claim process. In addition, people above 65 and nonsmokers receive discounts on their premiums.
Start Farm
Based in Bloomington, Illinois, State Farm operates in all 50 states in the USA and the districts for Columbia. It has expanded since it was founded in the year 1922 and in addition to its policies for homeowners, renters, autos, and condo owners; this company writes policies for income farms, property, ranches, and manufactured homes. Also, it offers health, life, liability, and disability policies. It earns the highest in our rating for financial strength and is the cheapest homeowners insurance company right now.
Amica
Amica is a good homeowners insurance company for individuals who value good customer service. If you need to file a claim, you will benefit from this company’s easy and quick services. Amica receives only 12% of complaints as other providers of its size according to NAIC. And it ranked first place for good customer satisfaction among other home insurers. Unfortunately, it is very expensive, even more than the national average. It offers good standard coverage that you would expect from a national insurer.
American Family
American Family based in Wisconsin, sells homeowners insurance in 19 states. This company has amazing coverage you can choose from and receives few consumer complaints you will expect from a company of its size. As Homeowners, you can save on premiums in different ways including bundling multiple policies, discounts for smart home devices, and setting up automatic payments. Another good thing about America family is that its website is clear and has a good explanation of the company’s coverage options.
Country Financial
Although Country Financial provides quotes online for some users, you will have to talk to a local representative to purchase your policy. This allows you to make sure that you have the type of coverage and limits that you need. Depending on the coverage that you chose, this company may cover household mishaps such as spilled paints or countertops.
Allstate
With at least $45 billion in revenue and more than 80,000 employees, staff, and agents selling policies in the district of Columbia and all 50 states in the USA. Allstate has grown to be a popular insurance giant since it was founded in the year 1931. Based in Illinois, this company has A+ financial strength and owns other insurance companies like SquareTrade, Esurance, and Encompass.
It offers a wide variety of homeowners standard and optional coverage. One of the best parts is that discounts are available and it offers coverage for smartphones and short-term home share. Other available policies from the company include; rental property, renters, and condo insurance. Along with policies for automobiles, businesses, boats, RVs, motorcycles, and life insurance.
