Besthome insuranceDistrict Of ColumbiaThe Best Homeowners Insurance Companies in District Of Columbia (2024)
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MoneyGeek's ranking system reviewed the top home insurance providers in the District of Columbia for each category, keeping different types of homeowners’ needs in mind. To find the best options, coverage alternatives and discounts were also factored into each company’s score.
Based on MoneyGeek’s criteria, Allstate ranks first overall in the District of Columbia for home insurance and first in affordability and expensive homes. When it comes to service quality, Chubb ranks highest, while USAA is best for military families and veterans.
Besthome insuranceDistrict Of ColumbiaThe Best Homeowners Insurance in District Of Columbia
Best overall - Allstate
Best for service quality - Chubb
Best on a budget - Allstate
Best for expensive homes - Allstate
Best for veterans - USAA
Best for bundling - State Farm
The Best Overall Homeowners Insurance Companies in District Of Columbia
Homeowners insurance is critical to ensure you’re covered in case of an emergency. MoneyGeek rated insurers according to their customer satisfaction scores, claims reputations, affordability, and financial stability to find the best-rated home insurance companies in the District of Columbia.
- Allstate: MoneyGeek score of 87 out of 100
- Chubb: MoneyGeek score of 85 out of 100
USAA is excluded from this analysis since it only offers insurance policies for veterans and active-duty military personnel. However, given its average score of 95 out of 100 across the country, USAA is the best home insurance provider for military families in the District of Columbia.
To understand why Allstate and Chubb rank as the top home insurance providers in the District of Columbia, MoneyGeek examined their unique coverage options, discounts and rates.
The Top Home Insurance Companies in District Of Columbia
1
Allstate
Score:87
Allstate scores highly across categories, earning first place in affordability. With an average yearly premium of $1,275 for home insurance, homeowners can benefit from a range of unique coverage options, such as mold, yard and garden coverage.
More About Allstate
Within the District of Columbia, Allstate ranks first in affordability and second in customer satisfaction. Beyond being affordable, homeowners can benefit from their unique coverage options, such as their Energy Efficiency Upgrade coverage. Not commonly found in other providers, Energy Efficiency Upgrade coverage can cover the cost of replacing damaged items with more energy-efficient items.
2
Chubb
Score:85
Chubb ranks second in affordability and first in financial stability in the District of Columbia. A typical policy costs an average of $1,330 per year, and homeowners can add one-of-a-kind coverage options such as risk consulting and cash settlement coverage.
More About Chubb
Ranking as the second-best home insurance provider in the District of Columbia, Chubb’s unique coverage options and affordable premiums can entice any homeowner. Their cash settlement coverage also allows homeowners to get a cash settlement up to their policy limit should they choose not to rebuild their home in its current location.
HOW WE DETERMINED THE BEST DISTRICT OF COLUMBIA HOME INSURANCE
MoneyGeek collected quotes from different providers across the country and compared them based on property claims ratings and customer satisfaction scores from J.D. Power. We compiled this information to provide a big-picture view of the best home insurance nationally and within the District of Columbia. However, keep in mind that your actual rates may change, given your unique situation.
The Best Homeowners Companies in District Of Columbia for Service Quality
For some homeowners, service quality matters more than the cost. If this is the same for you, MoneyGeek ranked the best-rated home insurance companies in the District of Columbia based entirely on their claims rating and customer satisfaction.
- Chubb: MoneyGeek score of 82 out of 100
- State Farm: MoneyGeek score of 81 out of 100
To explore what makes Chubb and State Farm the top home insurance providers in Columbia, MoneyGeek evaluated their diverse coverage options.
The Top Home Insurance Companies in District Of Columbia for Quality Service
1
Chubb
Score:82
In the District of Columbia, Chubb ranks first in claims ratings, first in financial stability and third in customer satisfaction, meaning they provide an excellent customer service experience for policyholders who need to make a claim, paying claims out reliably.
More About Chubb
Chubb is an excellent choice for homeowners in the District of Columbia. With the company’s risk consulting option for homeowners, their expert consultants can visit and evaluate your home to determine the right amount of coverage for your needs. Cash settlement is also available if you want to cash out up to your policy limit should you decide not to rebuild or to rebuild in a new location.
2
State Farm
Score:81
State Farm ranks first in Washington, D.C., for customer satisfaction, which indicates that they have high-quality policy offers and processes for homeowners.
More About State Farm
Beyond offering excellent customer service, State Farm also has various additional coverage options for homeowners. Their home systems protection coverage can pay for any losses caused by an accidental breakdown of permanently installed equipment in a home, such as heating and cooling or air and water filtration systems. They also offer home rental coverage, which can pay for costs associated with renting out your home.
The Best Homeowners Companies in District Of Columbia on a Budget
Finding the best home insurance in the District of Columbia is possible even if you’re on a budget, as plenty of providers offers a good balance of customer satisfaction and affordable monthly premiums.
In the District of Columbia, the best and most affordable home insurance providers are:
- Allstate: MoneyGeek score of 93 out of 100
- Chubb: MoneyGeek score of 91 out of 100
Allstate’s policies cost $1,275 per year on average, while Chubb’s policies have an average yearly premium of $1,330 — both affordable rates compared to many other providers in the area. To understand why these two companies rank as the best and most affordable options, MoneyGeek broke down their unique coverage and discount offers.
The Top Home Insurance Companies in District Of Columbia on a Budget
pros
Home insurance premiums average $1,275 per year
Offer discounts for having protective devices, insuring a new home and being claims free
cons
Does not offer discounts for home renovation
MoneyGeek satisfaction rating of 3.96 out of 5
COMPANY HIGHLIGHTS
Allstate ranks first in affordability and second in customer satisfaction for home insurance in the District of Columbia. Homeowners can get discounts simply for being claims-free or bundling auto and home insurance together.
Some of Allstate’s more unique savings opportunities include discounts for being a recent home buyer, setting up automatic payments and signing up early for a new policy. The company also offers a deductible reward discount, where they take $100 off your deductible when you sign up and take another $100 off each year you stay claims-free up to $500.
The Best Homeowners Companies in District Of Columbia for Expensive Homes
If you own an expensive home, getting coverage can be difficult as you’ll need higher limits and a reliable provider.
For homeowners with expensive homes, MoneyGeek examined the best-rated home insurance companies in the District of Columbia and weighed the cost of a $2 million policy against customer satisfaction. We found that the best providers in Washington, D.C., for expensive homes are:
- Allstate: MoneyGeek score of 83 out of 100
- State Farm: MoneyGeek score of 82 out of 100
MoneyGeek found that Allstate and State Farm's unique coverages can be of particular benefit to those who need a lot of coverage.
The Top Home Insurance Companies in District Of Columbia for High-Value Homes
pros
Ranks first in affordability for expensive homes within the District of Columbia
Relatively high financial stability rating
cons
Does not offer contents replacement cost coverage
COMPANY HIGHLIGHTS
Allstate ranks first for affordability and second for customer satisfaction for high-value home insurance in the District of Columbia.
The company offers an extensive list of coverage options that can benefit homeowners with high-value homes, such as cyber event or ID theft coverage and scheduled personal property coverage. Cyber event coverage covers the cost of any fees involved if your identity is stolen, along with covering lost personal computer data. Scheduled personal property coverage, on the other hand, can cover valuable items that were appraised, such as engagement rings or antiques.
The Best Homeowners Companies in District Of Columbia for Veterans
The best home insurance provider for military families in the District of Columbia is USAA. They cater specifically to veterans, active-duty military members and their families, offering a unique experience for only those who are eligible.
On average, USAA’s MoneyGeek score across the country is 95 out of 100, with an average yearly premium of $1,612.
The Top Home Insurance Companies in District Of Columbia for Veterans
pros
Coverage and other offerings are tailored to military families
Average MoneyGeek satisfaction rating of 5 out of 5 across the country
Average MoneyGeek affordability score of 4.26 out of 5 across the country
cons
Individuals who are not part of military families aren’t eligible for coverage
COMPANY HIGHLIGHTS
With average customer satisfaction and affordability scores above 4, USAA ranks highly across the country. However, their high-quality customer service is only available for military families.
The company's high customer service rating is thanks to its unique coverage and discount offers. One policy feature that is included at no additional cost is Contents replacement cost coverage, which reimburses you for the loss of your personal effects at their most recent replacement cost, irrespective of damage or depreciation. Additionally, they offer home rental coverage that can protect a policyholder if they rent out their residence. As for discounts, policyholders can reduce their premiums by maintaining a claim-free status, bundling coverage and installing protective devices.
The Best Homeowners Companies in District Of Columbia for Bundling
Homeowners also looking to shop for car insurance can benefit from bundling. Bundling involves purchasing two types of insurance policies from one provider — such as auto and home insurance — to receive discounts and benefit from the convenience of working with one insurance company.
For those looking for the best home and auto insurance bundles, MoneyGeek also ranked insurers for those balancing the best home insurance policies with the best car insurance policies in the District of Columbia.
- State Farm: MoneyGeek score of 80 out of 100
- Allstate: MoneyGeek score of 70 out of 100
The Top Home Insurance Companies in District Of Columbia for Bundling
pros
Get a 25% discount by bundling both home and auto insurance policies
cons
MoneyGeek scored their home insurance 3.81 out of 5
MoneyGeek scored their auto insurance 3.7 out of 5
COMPANY HIGHLIGHTS
Among the top insurance companies in the District of Columbia, State Farm ranks first for bundling home and auto insurance. They offer users who bundle both policies receive a 25% discount, which is the highest discount in the state.
State Farm also offers an array of unique coverage options for both home and auto insurance. In their home insurance policies, they offer home rental coverage, which provides property and liability coverage for the temporary rental of your home. If you work for a ridesharing company, you can also add rideshare insurance coverage to your auto insurance policy to receive medical assistance, roadside assistance and rental car reimbursement.
How to Find the Best Home Insurance in District Of Columbia
Homeowners should evaluate its rates, customer service, claims ratings and financial stability to choose the best home insurance company in the District of Columbia. Although MoneyGeek compared these provider qualities, you can also research other companies not included in this analysis.
Follow the steps below to get started.
1
Research Customer Service Reputations in the District of Columbia
Researching various home insurance providers in the District of Columbia can be time-consuming, which is why MoneyGeek did the legwork for you. For companies not listed in the evaluation, you can find out their J.D. Power satisfaction score and NAIC complaint ratios in your state by visiting the District of Columbia's Department of Insurance website.
2
Compare Quotes Yourself
MoneyGeek gathered home insurance quotes in the District of Columbia using sample driver profiles. The actual quote you receive, however, may differ. Compare quotes from at least three different insurance companies to get an idea of how much insurance will cost for your given circumstances.
3
Make Sure the Company Has Coverages You Want in the District of Columbia
Since not all plans and discounts are available in every state, make sure the provider you choose offers the coverage you want in your area. Check with your preferred insurance company to determine if they provide the coverages and discounts you desire before applying for a policy.
4
Double-Check Financial Stability Ratings
Before enrolling in coverage, make sure your potential insurer has an excellent financial rating. Having a solid financial rating indicates that they are prepared and can pay out your claim should you file one. Larger companies have stronger financial standings in the District of Columbia, while smaller regional insurers have lower ratings.
FAQs About the Best Home Insurance in District Of Columbia
Despite MoneyGeek's comprehensive analysis of the best-rated home insurance companies in the District of Columbia, your choice will be dictated by your unique needs. Reviewing these frequently asked questions about home insurance can help you decide which provider is right for you.
The best homeowners company in the District of Columbia for you will vary depending on what you’re looking for in an insurer. Allstate ranks as the overall best home insurance company in the District of Columbia; it also ranks first in affordability and for expensive homes. Chubb scores the highest in terms of service quality, while USAA is best for military families and veterans. State Farm ranks as the best for those interested in bundling auto and home insurance policies.
The most affordable insurer in the District of Columbia is Allstate, which offers premiums at an average of $1,275 per year. While affordability is always a plus, note that it doesn’t always equate to good service. Allstate ranks second in customer satisfaction, which is why homeowners who seek the highest quality service may prefer Chubb.
Methodology
MoneyGeek scores for homeowners insurance in the District of Columbia were calculated using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, actual homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused specifically on affordability and service experience.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in the District of Columbia provided in partnership with Quadrant. Our analysis included quotes from ZIP codes across the District of Columbia. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $500,000, liability coverage of $100,000 and personal property coverage of $100,000.
About Mark Fitzpatrick
sources
- DISB. "District of Columbia Department of Insurance, Securities & Banking." Accessed February 25, 2022.