Best Home Insurance Companies

This company started its journey in 2016, and today, it offers some of the best discounts, as well as additional coverage options you won't easily find with most other insurers.

Financial Strength Rating: A+

With an A financial strength rating from Demotech, you're safe with Lemonade.

Pricing and Discount Policy

When it comes to pricing, Lemonade offers additional discounts on top of its already competitive rates. It helps consumers save money in several ways, including bundling homeowners and auto insurance policies, signing up for automatic payments, installing safety features in your home (such as smoke detectors), and paying your policy premium in full instead of making monthly payments.

The cost varies, and your specific quote will be calculated based on various factors. These include the age of your home, building materials, rebuilding costs, and coverage of choice.

Lemonade has a chatbot that calculates quotes within minutes. All you have to do is go to “Check our prices,” where you will be prompted to answer some additional questions about yourself and your home. Besides this, you would also need to provide the last four digits of your social security number.

Basic Policy and Additional Coverage Options

The basic homeowners insurance policy includes protection from damage or loss due to fire, lightning strikes, windstorms, hail, snow, and ice buildup. It also includes freezing plumbing pipes and fixtures (including outdoor sprinkler systems), vandalism, and theft. In addition to this coverage option, Lemonade also provides comprehensive personal property coverage for your belongings.

With this cheap base policy, you get coverage for $10,000, which can be increased to $30,000.

You  alsohave the option to increase your deductible if you want to lower your monthly premium. And if you need more coverage than what's offered in the base policy, you can add optional protection, such as flood insurance and earthquake coverage, which most companies from our list offer at additional cost.

Claims Process and Customer Satisfaction

When it comes to filing a claim, Lemonade is top-notch: It has an easy online claims form that can be completed in just a few minutes. You simply need to open the Lemonade app and hit the "Claim" button.

When you do that, you will be asked to provide your bank account information, answer some questions about the damage, and upload photos of the loss or damage so Lemonade's team can review your claim. Once the claim is approved, Lemonade will issue the payment, minus the amount of your deductible.

This company has a 4.3 rating on Trustpilot and a 4.8 rating on Consumer Affairs. Lemonade does not have BBB accreditation yet, but its rated B-. According to customer reviews, the claims process is quick, and the online experience is pretty straightforward.

Allstate is one of the largest insurance providers in the United States. The company was founded in 1931 and has had its headquarters in Northbrook, Illinois since 1967. Today it operates in all 50 states and the District of Columbia with a market share of 8.37%.

Financial Strength Rating: A+

Allstate is among the biggest corporations in the United States. With a total of $60.30 billion in revenue in 2024 the company secured the 73th place on the Fortune 500 list.

A.M. Best rates Allstate with an A+ , which makes this insurer one of the most financially stable companies in the industry. With this kind of credit outlook, Allstate doesn’t lack the ability to settle any claim.

Pricing and Discount Policy

This carrier belongs on the more affordable side of the pricing spectrum. Given that Allstae offers many different discount opportunities, rest assured that you'll find a way to save on premiums if you decide to go with it.

Taking advantage of Allstate's bundling opportunities for your house and auto coverage may be a good decision. Other rate-saving options include a claims-free discount of up to 20%, a 5% automatic-payment discount, discounts for homes with protective devices, a 10% discount for new customers and loyal policyholders, rate-saving opportunities for new homebuyers, and discounts for retirees older than 55.

Basic Policy and Additional Coverage Options

One of the downsides is that the coverage limits for each point of a standard policy may not be enough to satisfy everyone's requirements. In order to make your coverage sufficient, you may need to think about paying a higher premium.

Allstate’s standard homeowners policy includes dwelling coverage, personal property coverage, liability protection, and guest medical protection.

When it comes to policy endorsements, Allstate offers quite a few options. Some of the most popular additional coverages include: identity theft protection, scheduled personal property protection, and water backup coverage.

If you work from a home office, you can rely on Allstate to protect your business equipment, and even pay for the recovery of any lost electronic data. This insurance provider also conveniently offers coverage for valuable musical instruments and sports equipment. Among the additional coverage options, Allstate provides earthquake and flood insurance, too.

Claims Process and Customer Satisfaction 

Based on customers testimonials, Allstate is one of the highest-rated insurance carriers when it comes to transparency and clarity of the claims process.

If you find yourself in the position that you need to file a claim, there are a few convenient ways to do it. You can start the claim filing process by getting in touch with your agent or by contacting the company's claims division. Other listed options involve using Allstate’s mobile app or logging into the company's website to file your claim.

Allstate is well-known for providing an excellent customer experience. This insurer offers a plethora of useful AI tools and informative resources that help its customers determine the right insurance product and the optimal amount of coverage.

The story about Erie Insurance began in 1925 when two insurance salesmen partnered up and decided to start their own business. In less than four months they raised enough money to launch an insurance company called Erie Insurance Exchange.

Financial Strength Rating: A+

Financial stability is one of the most important factors to consider when shopping for home, auto, or any other type of coverage.

Erie got an A+ from the A.M. Best Rating Services this year, which makes it one of the better US insurers judging by its financial stability. The superior ratings reassure that this insurance carrier operates with more than enough capital to step in and cover any claims that its policyholders might file.

Pricing and Discount Policy

It's the pricing section where Erie really shines. The rates this company offers are among the lowest available for home insurance shoppers and over 30 percent cheaper compared to an average competitor's quote.

There are a few different factors that the agents from Erie’s network take into account when they calculate the amount a customer will have to pay in premiums. These criteria include the customer’s credit score and insurance claims history, the home’s location, its characteristics, and the features of the policy.

Prices will surely vary based on all the aforementioned factors and other variables, however, customers can expect a good deal on homeowners insurance quotes, no matter what type and amount of coverage they decide to buy.

As per discounts, Erie provides a few somewhat typical options to reduce your premiums. If you decide to bundle your home and auto insurance, you'll be eligible for a multi-policy discount.

Moreover, if you get an Erie Insurance quote at least a week before the expiration date of your current policy, you'll be rewarded with a discount. Lastly, an alarm system and a few other security devices installed in your home will also make a contribution towards lowering your insurance premium.

Basic Policy and Additional Coverage Options

Not only does Erie's standard policy include all of the essential insurance coverages, but it also offers a few more components that most of the companies’ base policies can’t match.

The more comprehensive coverage in the “ErieSecure” base policy includes: guaranteed replacement cost coverage in the case of declaring a total loss, expanded theft protection that covers misplaced items, protection for pets, cash, and precious metals of up to $500, and coverage for items that are harder to replace like passports and bills.

Even though Erie’s standard policy tends to cover all the bases for most homeowners, the company has quite a few coverage endorsement options on the table.

Some of the additional protections include earthquake and flood coverage, water backup and service line protection, personal liability coverage, identity theft protection, insurance for expensive computers and similar equipment, and more.

Claims Process and Customer Satisfaction 

The only way to apply is through a local agent. The options to get an instant quote through their website or to complete the application online are simply not a part of this company’s business model. Policy management and claims are also handled by a local agent provided by the company. 

There is no doubt that Erie is one of the better insurers when it comes to customer service. This carrier clearly takes great pride in its level of customer care.

With a market share of 18% and more than 19,000 exclusive agents across all 50 states and the District of Columbia, there is no doubt that State Farm is the largest insurance provider in the United States.

The company started as an automobile insurance carrier almost a century ago, however, today it also provides home and property coverage alongside many other insurance products.

Financial Strength Rating: A++

If financial strength is your number one criterion for an insurance company, look no further. State Farm received a perfect A++ from the A.M. Best Rating Services which proves that, when it comes to financial stability, State Farm qualifies as one of the safest choices out there.

Pricing and Discount Policy

According to our findings, State Farm's standard policies are not the cheapest ones in the country, however, they are still affordable.

The costs can vary based on the type and location of your home, your credit score, the amount of coverage you require, and a few more factors. Nevertheless, rest assured that State Farm's policies strike a good balance between quality and affordability.

State Farm doesn't lack in the discounts department either. Although certain opportunities are not available across all 50 states, there is still something for everyone. If you decide to get multiple insurance products from State Farm, you can be rewarded with a multiple line discount.

Install a burglar alarm or a fire protection device in your home, and you'll become eligible for the home alert protection discount. Other options to lower your premiums include the roofing material discount, claim-free discount, and higher deductible discounts.

Basic Policy and Additional Coverage Options

State Farm’s standard coverage has all the typical protections that you’d expect to get - dwelling and dwelling extension coverage, personal property protection, loss-of-use coverage, personal liability coverage as well as medical expenses protection. 

In order to keep up with other companies when it comes to policy endorsements, State Farm has to offer several add-ons. The most popular options include sewer back-up and drain coverage, identity restoration and cyber attack protection, business property coverage, equipment breakdown coverage, fungus coverage and more.

Claims Process and Customer Satisfaction 

When it comes to claims, State Farm’s website makes it incredibly easy by providing all the detailed instructions on how the process works.

You can choose to start the process of reporting a claim by logging into this provider’s website or through their easy-to-use mobile app. There’s also the option to call State Farm’s claim department. Lastly, if you prefer dealing with a representative face-to-face, you can turn to your agent directly.

The way an insurance company handles claims has a huge impact on overall customer satisfaction rates.

Amica Mutual Insurance Company is a Rhode-island based insurer that was founded in 1907. In the beginning, Amica offered auto, fire and theft insurance to its customers. As the company expanded, its list of insurance and financial products extended to include home and life insurance as well.

Financial Strength Rating: A+

One of the company’s biggest advantages is its financial stability. Based on A.M. Best’s independent review, Amica holds a superior A+ in financial ratings, which means that you can rely on this insurer to settle any claim if disaster strikes.

Pricing and Discount Policy

Amica’s rates vary widely from state to state. However, this insurer is renowned for writing policies for almost any type of home at any price point.

This carrier offers quite a few ways to save money on premiums without having to settle with less coverage. Amica's discounts are split into two categories - policy discounts and safety discounts.

If you stay with the insurer for two years or longer, you qualify for the loyalty discount. Given that Amica bundles home and auto coverage, combining your home and auto insurance to save up to 15% seems reasonable.

Other opportunities to lower your premiums include: a claim-free discount, auto-pay, and discounts for those who decide to receive their bills and information electronically. To qualify for some of the safety discounts, you'll have to protect your home with a burglar alarm, fire alarm, sprinkler system or an automatic detection device.

Basic Policy and Additional Coverage Options

Simply because one size doesn't fit all, Amica offers a wide range of coverage options and policy endorsements. Alongside all the standard home insurance protections, there are a few unconventional upgrades to consider too.

Amica has a standard policy that includes all the expected lines of protection - dwelling coverage, personal property coverage, other structures coverage, personal liability coverage, and loss of use coverage. 

In case the standard package doesn't meet your needs, there are a few options that you can opt for to make your policy more comprehensive.

Amica's extended home insurance coverage options include dwelling replacement coverage with an additional 30% above your coverage limit, personal property replacement coverage, valuable items protection, earthquake and flood protection, identity fraud expense coverage, and home business coverage.

Amica has also introduced a platinum package that provides top-of-the-line protection at a reasonable price point. Besides all the typical protections, this type of policy can include extended protection points such as credit card coverage, valuable items coverage, liability and medical payment coverage, and more.

Claims Process and Customer Satisfaction 

The claims department seems to be a weak point for many home insurance providers. For Amica, however, customer care and the claims process are the areas where this company exceeds expectations and surpasses the competition.

When it comes to claim filing, you can either report your loss over the phone, or file a claim on the company’s website or mobile app. On Amica’s website, you can also find plenty of information to help you get through an unexpected loss.

USAA is in the business only to serve the military personnel. If you are not part of any US military branch, a veteran, or a military family member, you’ll have to look for coverage elsewhere. For those military-affiliated, on the other hand, USAA is available nationwide. 

Financial Strength Rating: A++

Although the company offers some of the most affordable rates, USAA's exceptional financial reputation is almost unmatched.

According to A.M. Best's study, USAA recieved a superior A++ rating, in respect of this year’s financial ratings.

Pricing and Discount Policy

In terms of pricing, USAA is easily one of the most competitive carriers out there. This insurer’s rates are well-known for its affordability, but when considering its discount plan, there aren't many options on the table. You can, however, opt to bundle your home and auto coverage for a 10% discount.

According to the company’s website, other options to save on premiums involve installing protective devices, choosing a higher deductible and going without a claim for five years or longer.

Basic Policy and Additional Coverage Options

When it comes to basic coverage, the company tries to make the process as simple as possible. A typical policy features replacement cost coverage both for your home and its contents.

What makes USAA stand out, however, is its high personal property coverage limit. While most insurers won't offer more than 50% of your home’s insured value in personal property coverage unless you agree to pay higher premiums, with USAA the limit can be as high as 75% of your dwelling coverage.

Different types of protections and coverages include dwelling, personal belongings, and other structures coverage, home-sharing coverage, earthquake coverage as well as loss-of-use and personal liability protection.

Claims Process and Customer Satisfaction 

In respect of the claims process, USAA gives its policyholders a few convenient options to file their claims. Based on your preferences, you can start the process through the claims center on the company's website, on the mobile app, or even over the phone.

Farmers Insurance Group was founded almost a century ago in Los Angeles, California when its founders identified farmers, ranchers, and other rural drivers as a neglected market.

Coming from a rural background themselves, John C. Tyler and Thomas E. Leavey held the idea that farmers deserve lower premiums and therefore decided to start their own insurance company.

Thanks to its huge network of insurance agents across all 50 states and the District of Columbia, this giant has a market share of 5.87% and allegedly provides coverage for more than 10 million homes. 

Financial Strength Rating: A

In terms of financial stability, there is no doubt that Farmers belongs among the strongest and most secure companies. According to A.M. Best Rating Services, the company deserves an A, which proves that Farmers has the ability to settle any claim.

Pricing and Discount Policy 

When calculating premiums, you have to take into account that the cost will vary based on many different factors. These include: where you live, the type of home, the amount of needed coverage, and your credit score. Either way, when it comes to affordability, Farmers is easily among the most affordable on the market today.

As per discounts, it’s important to mention that options to lower your premiums may slightly vary from state to state. However, most of the discounts are available nationwide.

If you decide to bundle your home coverage with an auto insurance policy, you'll earn the right to save on premiums through the multi-line discount and get one of the better packages out there.

Other discount opportunities include lower premiums for non-smoking households, discounts for homes with fire and burglar alarms, claim-free discounts, and more. 

There are a few more policy perks that can help you lower your premiums with Farmers. If you remain claim-free for longer than five years, your premium won’t go up following your next claim. Apart from that, for each year that your policy has been active, you can gain $50 toward your deductible.

Basic Policy and Additional Coverage Options

Farmers is well-known for its flexible three-tier system. The most affordable option is labeled as standard coverage and it includes all the basic protections that you can alter to your preferred amount of coverage.

Farmers' middle tier, the Enhanced package, is also customizable and comes with higher policy limits and additional features such as roof replacement cost coverage.

The most comprehensive package, the Premier option, offers the highest coverage limits, various policy endorsements, and a guaranteed replacement cost coverage for your home if certain requirements are met. If you have a property that keeps increasing in value, this might be the right choice for you.

Claims Process and Customer Satisfaction 

Based on customer reviews, the company has made the claims process as painless as possible. Not only does Farmers offer you the option to file a claim online, but you can also track the whole claim handling process. You can also report a claim by sending a text message, through the Farmers mobile app, or by calling the claim contact center.

GEICO is among the most recognizable insurers in the United States. The agency’s headquarters are located in Maryland, although the company was founded in Texas, in 1936.

GEICO is organized as an independent network of agents that act as middlemen between a customer and an insurer. Through local agents, the agency’s underwriting partners serve customers in all 50 states and the District of Columbia.

Financial Strength Rating: A++

In the process of choosing the right insurer to protect one of your most valuable assets, it's important to look into the financial stability of your provider.

Judging by the fact that GEICO received an A++, the highest possible rating from the A.M. Best Rating Services, it's safe to say that this broker is among the most financially sound companies on the market.

Pricing and Discount Policy

Prices may be influenced by many different factors and variables, from your location and home type to the amount of coverage that you require, however, the cost of GEICO homeowners insurance is about the average or lower in most cases.

When considering discounts, GEICO is on the less competitive side of the spectrum. This insurance broker offers only three different opportunities to save on your premiums.

These include a multi-policy discount for your home and auto insurance bundle, a discount for homeowners with home security systems, as well as a smoke alarm and fire extinguisher discount.

Basic Policy and Additional Coverage Options

GEICO doesn't underwrite coverage policies, but rather connects the customers to one of its underwriting partners. Naturally, the basic policy and the opportunities for endorsements are dependent on the policy options provided by the underwriter.

However, most of GEICO's partners provide a similar set of standard coverages. These include: dwelling coverage, personal possessions coverage, loss of use, medical payments, and liability protection.

If your coverage needs are beyond the standard insurance package, some of the additional options cover sump pump overflow, identity theft expenses, earthquake protection, and more.

GEICO is notable for its easy-to-use online tools, allowing customers to purchase and manage insurance policies online, without having to contact an insurance agent. 

Claims Process and Customer Satisfaction 

Based on the reports by National Association of Insurance Commissioners, the number of complaints that this insurance broker gets is lower than the national average, given the company's size. However, some of the customers mention that the claims process confuses them. Just as GEICO doesn't write policies, the company doesn't handle claims either. So how does the claims process work? 

When you need to report a loss, your broker puts you in touch directly with the company managing your policy. One of the downsides of this system is that, if you are matched with a company that isn't the most efficient in claims handling, there's nothing that you can do to change that in the event of a claim.