Updated: May 12, 2025
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Auto-Owners is the best overall homeowners insurance company based on value, customer satisfaction and financial stability. Chubb, American Family, State Farm and Nationwide are also strong options.
Chubb offers the lowest rates for most homeowners while earning high marks for customer service.
Your location, home value and coverage needs affect your rate — compare personalized quotes to find the best coverage.
Find the home insurance provider that fits your personal needs and preferences.
Auto-Owners is the best homeowners insurance company, ranking first nationally with a MoneyGeek score of 96/100. The average annual premium is $2,061 for $250K in dwelling coverage.
The company offers responsible payment discounts to homeowners who have paid premiums on time for 36 months. You can also qualify for a mortgage-free discount if you own your home outright.
The overall best homeowners insurance company nationally is Auto-Owners, offering the best combination of affordability, customer satisfaction and financial stability. The average annual cost of a policy is $2,061, covering $250K for dwelling, $125K for personal property and $200K for liability.
However, the best homeowners insurance for you depends on your coverage needs. See the top options in the table below based on your preferred coverage level.
| Auto-Owners Insurance | 96 | $ 2,061 |
| Chubb | 94 | $ 2,480 |
| State Farm | 89 | $ 1,986 |
| American Family | 88 | $ 1,962 |
| Nationwide | 79 | $ 2,426 |
| Farmers | 73 | $ 2,271 |
| Allstate | 67 | $ 2,435 |
| Travelers | 45 | $ 6,224 |
Chubb is as the cheapest home insurance provider nationally, with an affordability score of 75/75 and an annual premium of $991 for $100K in dwelling coverage.
Homeowners can save more through discounts for security and fire protection devices. A discount rewards those insured with Chubb for at least three years without claims.
Chubb is the most affordable homeowners insurance provider, with an average annual premium of $991 for $100K in dwelling coverage, $50K in personal property coverage and $100K in liability coverage.
These rates can vary based on individual circumstances. Compare home insurance quotes from at least three companies to find your best rate.
| Chubb | $ 909 |
| State Farm | $ 988 |
| Chubb | $ 991 |
| State Farm | $ 995 |
| Chubb | $ 1,005 |
| Nationwide | $ 1,069 |
| State Farm | $ 1,074 |
| Farmers | $ 1,144 |
| American Family | $ 1,156 |
| State Farm | $ 1,169 |
| Chubb | $ 1,169 |
| American Family | $ 1,178 |
| Nationwide | $ 1,191 |
| American Family | $ 1,196 |
| American Family | $ 1,214 |
| Auto-Owners Insurance | $ 1,223 |
| Farmers | $ 1,229 |
| Nationwide | $ 1,246 |
| Farmers | $ 1,258 |
| Auto-Owners Insurance | $ 1,270 |
| Nationwide | $ 1,292 |
| Auto-Owners Insurance | $ 1,309 |
| Farmers | $ 1,328 |
| Allstate | $ 1,353 |
| Auto-Owners Insurance | $ 1,373 |
| Allstate | $ 1,443 |
| Allstate | $ 1,528 |
| Allstate | $ 1,691 |
| Travelers | $ 3,592 |
| Travelers | $ 3,789 |
| Travelers | $ 3,997 |
| Travelers | $ 4,224 |
Chubb ranks first for customer satisfaction in home insurance, with an annual premium of $2,480 for $250K in dwelling coverage. It offers extra coverage options like water backup for sewers or drain protection. Its unique cash settlement option provides a cash payout up to your policy limit if you choose not to rebuild after a total loss.
Chubb leads the homeowners insurance market for customers who prioritize service over price. It's nationally recognized for quality service. A Chubb policy averages $2,480 yearly for $250K in dwelling coverage.
Selecting an insurer with excellent service ensures reliable support and efficient claims processing. Having dependable coverage when a tree damages your home provides peace of mind. If service matters more than cost, check the table below to find the best provider based on your dwelling coverage needs.
| Chubb | $ 2,448 |
| Auto-Owners Insurance | $ 1,905 |
| American Family | $ 1,902 |
| State Farm | $ 1,931 |
| Nationwide | $ 2,404 |
| Travelers | $ 6,120 |
| Farmers | $ 2,261 |
| Allstate | $ 2,392 |
Nationwide excels with varied additional coverages, charging an average annual premium of $2,426 for $250K in dwelling coverage. Its Brand-New Belongings covers full replacement cost of damaged or stolen items. Better Roof Replacement ensures your roof is rebuilt with stronger materials after a covered loss. Equipment breakdown coverage helps pay to repair or replace faulty appliances and home systems.
Nationwide offers customizable homeowners insurance for customers seeking flexibility. Check the table below for its many optional coverages, which allow you to tailor policies to your home and lifestyle.
Coverage designed around your needs gives you security, knowing you're protected against the risks that matter most to you.
Coverage | Description |
|---|---|
Brand-New Belongings | Pays to repair or replace belongings at current value regardless of age or condition |
Better Roof Replacement | Rebuilds your roof with stronger materials after a covered loss |
Valuables Plus | Provides extra protection for jewelry, watches, antiques and fine art |
Water Backup | Covers damage from water backing up through sewers, drains or sump pump overflows |
Service Line Coverage | Protects against damage to underground utility lines |
Equipment Breakdown | Covers repair or replacement of appliances and home systems due to mechanical or electrical failures |
Dwelling Replacement Cost | Pays up to twice your dwelling coverage limit for rebuilding after a loss |
Ordinance or Law Coverage | Covers costs to rebuild to current building codes |
Flood Insurance | Protects financially against flood damage as a separate policy |
Earthquake Insurance | Provides coverage for earthquake damages with a separate deductible |
Identity Theft Protection | Safeguards personal data and covers expenses related to identity theft |
Umbrella Insurance | Adds extra liability protection for accidents on your property |
Auto-Owners is the best homeowners insurance for newly constructed properties, ranking first for coverage options and financial stability. For $250K in dwelling coverage, it charges an average of $1,342 annually. New homeowners can benefit from its responsible payment and mortgage-free discounts.
Auto-Owners is the best homeowners insurance provider nationally for newly built homes, combining affordability, customer satisfaction and financial stability. The average policy costs $1,342 yearly for $250K in dwelling coverage, $125K in personal property protection and $200K in liability protection.
Newer homes typically cost less to insure because they rarely have outdated wiring or plumbing. The table below provides recommendations for the best insurance company for your new home based on your coverage needs.
| Auto-Owners | 90 | $ 1,243 |
| State Farm | 85 | $ 1,110 |
| American Family | 84 | $ 1,118 |
| Nationwide | 83 | $ 936 |
| Chubb | 81 | $ 1,816 |
| Allstate | 65 | $ 1,264 |
| Farmers | 64 | $ 1,519 |
| Travelers | 45 | $ 2,741 |
USAA exclusively offers policies to military members, veterans and their families. It provides strong value with an average annual premium of $2,097 for $250K in dwelling coverage. USAA coverage includes personal property replacement, which replaces lost or damaged items without considering depreciation.
USAA is the best home insurance provider for military families, ranking first for customer satisfaction and financial stability. Its average policy costs $2,097 for $250K in dwelling coverage.
The top insurer for veterans understands their unique challenges, including frequent relocations and potential deployments. USAA ensures homes and belongings remain protected under all circumstances.
Chubb offers competitive rates for homeowners with poor credit, charging an average annual premium of $5,378 for $250K in dwelling coverage. It provides various discounts for bundling policies, installing protective devices or maintaining a claims-free record.
Chubb is a top homeowners insurance company for homeowners with poor credit. It offers $250K in dwelling coverage at an average annual cost of $5,378 for customers with low credit scores.
Most insurers use credit scores to set premiums, except in California, Hawaii, Massachusetts and Maryland. People with poor credit typically face higher rates. To save money, maintain a good credit score and compare multiple providers to find the best coverage.
| Chubb | $ 5,378 |
| State Farm | $ 4,719 |
| American Family | $ 3,434 |
| Nationwide | $ 4,000 |
| Farmers | $ 8,250 |
| Allstate | $ 5,094 |
| Travelers | $ #,### |
| Auto-Owners Insurance | $ #,### |
Home insurance providers cannot use credit scores in California, Maryland, Hawaii and Massachusetts when setting premiums.
The national average cost for home insurance is $2,604 per year, but rates vary significantly by state, from $891 in New Jersey to $5,185 in Florida. Location-specific factors like weather risks and home values influence these differences.
Top performers by state include:
| Alabama | Auto-Owners | 100 | $3,313 |
| Alaska | COUNTRY Financial | 80 | $1,050 |
| Arizona | Auto-Owners | 96 | $1,732 |
| Arkansas | State Farm | 94 | $2,750 |
| California | Travelers | 88 | $882 |
| Colorado | Auto-Owners | 96 | $1,673 |
| Connecticut | State Farm | 89 | $1,710 |
| Delaware | Travelers | 91 | $724 |
| District of Columbia | Nationwide | 81 | $1,010 |
| Florida | State Farm | 93 | $5,185 |
| Georgia | Auto-Owners | 96 | $1,611 |
| Hawaii | State Farm | 84 | $440 |
| Idaho | American Family | 93 | $953 |
| Illinois | Auto-Owners | 96 | $1,999 |
| Indiana | American Family | 91 | $1,433 |
| Iowa | Auto-Owners | 99 | $1,472 |
| Kansas | Auto-Owners | 99 | $2,521 |
| Kentucky | Auto-Owners | 91 | $2,157 |
| Louisiana | State Farm | 87 | $3,521 |
| Maine | Chubb | 92 | $868 |
| Maryland | Chubb | 92 | $2,039 |
| Massachusetts | Amica | 86 | $2,252 |
| Michigan | Auto-Owners | 97 | $351 |
| Minnesota | Auto-Owners | 98 | $1,445 |
| Mississippi | State Farm | 92 | $3,482 |
| Missouri | AAA | 83 | $1,558 |
| Montana | Chubb | 99 | $1,017 |
| Nebraska | American Family | 93 | $3,644 |
| Nevada | American Family | 74 | $1,081 |
| New Hampshire | Amica | 95 | $713 |
| New Jersey | Chubb | 96 | $891 |
| New Mexico | State Farm | 93 | $1,501 |
| New York | State Farm | 84 | $976 |
| North Carolina | Auto-Owners | 93 | $2,425 |
| North Dakota | American Family | 88 | $1,702 |
| Ohio | Auto-Owners | 99 | $1,227 |
| Oklahoma | Chubb | 91 | $6,267 |
| Oregon | Nationwide | 85 | $911 |
| Pennsylvania | Erie | 92 | $1,315 |
| Rhode Island | Amica | 89 | $1,521 |
| South Carolina | Chubb | 99 | $1,606 |
| South Dakota | Auto-Owners | 96 | $2,538 |
| Tennessee | Erie | 93 | $2,490 |
| Texas | State Farm | 89 | $3,098 |
| Utah | Farmers | 85 | $689 |
| Vermont | State Farm | 82 | $1,022 |
| Virginia | Chubb | 95 | $1,495 |
| Washington | Nationwide | 90 | $1,019 |
| West Virginia | Nationwide | 87 | $1,380 |
| Wisconsin | Chubb | 99 | $1,067 |
| Wyoming | State Farm | 82 | $1,564 |
Note: USAA was excluded from state rankings due to eligibility requirements. If you're military-affiliated, it's a top-rated option worth considering.
Finding the best homeowners insurance requires understanding your coverage needs, budget and provider reputation. This guide covers key factors from coverage types to discounts, helping you choose the right policy to protect your home and finances.
Homeowners insurance costs can add up, but strategic choices help reduce costs while maintaining protection. Save money by exploring discounts, raising your deductible and comparing quotes from multiple providers.
Shopping around lowers your rate effectively. Even small differences between insurers can create significant long-term savings.
Most insurers offer a discount when you bundle home and auto policies. This simple strategy saves money and simplifies your coverage management.
A higher deductible typically reduces your premium. Ensure you can afford this amount upfront when filing a claim.
In most states, insurers use credit when setting rates. Pay bills on time and reduce debt to qualify for lower premiums.
Smoke detectors, burglar alarms and monitored security systems can qualify for discounts while reducing damage or theft risk.
Location matters. Homes near fire stations or in low-risk areas typically cost less to insure than properties in flood zones or disaster-prone regions.
As life changes, so should your insurance. Annual policy reviews ensure appropriate coverage at the best rate. Remember to compare quotes again.
Most insurers offer discounts to help you save money, especially when you take steps to reduce risk or bundle coverage. Discount availability varies by provider and state. Here are common ways to cut costs:
Save by combining your home and auto insurance, often the biggest discount insurers offer.
Homeowners who haven't filed claims in recent years may qualify for lower rates as a reward for low risk.
Installing smoke detectors, fire alarms, burglar alarms or monitored security systems can reduce your premium.
Insuring a newer home (typically under 10 years old) may qualify you for lower rates because of modern building standards.
Upgrading your plumbing, heating, electrical or roofing systems may lead to discounts by reducing hazards.
Some insurers reward long-time policyholders with lower rates after a certain number of years.
You may receive a small discount for enrolling in paperless billing or setting up automatic payments.
Living in a gated or security-patrolled community may qualify you for lower premiums due to reduced theft risk.
Some insurers offer special rates for retirees or policyholders over a certain age (typically 55+), based on increased home occupancy and lower claims frequency.
When choosing a homeowners insurance company, focus on factors that matter most to you. Prioritize your needs and compare providers to find optimal coverage.
Factors | Description |
|---|---|
Sufficient coverage levels | Ensuring adequate protection for a total loss helps you choose the right homeowners insurance. |
Cost | Select a policy with a premium you can afford annually. Even excellent coverage provides no benefit if payments become unmanageable. |
Customer reviews | Customer feedback reveals a company's reputation. Reviews help determine if a provider offers pleasant phone interactions and timely claims payments. |
Financial rating | Companies with higher financial strength ratings are more likely to fulfill future claims. |
Discounts | A seemingly expensive provider may offer discounts that significantly reduce premiums. |
Claims process | Consider companies that handle claims pleasantly, pay promptly and provide full compensation. This aspect deserves careful attention when researching insurers. |
Special circumstances | If you need specific coverage — for natural disasters or uncommon household features like wheelchair ramps or stair lifts—choose a company that addresses these requirements. |
“All areas of the U.S. face flood risks. According to the Insurance Information Institute, 90% of natural disasters involve flooding, yet standard home policies don't cover floods. Homeowners can purchase separate flood insurance through the National Flood Insurance Program or private insurers.” — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute.
The best homeowners insurance company depends on your location, budget and coverage needs. Auto-Owners, State Farm and Chubb consistently rank highly overall, but comparing quotes and features helps you find the right fit.
Consider several factors when selecting a home insurance company. Here are answers to common questions:
Several factors determine your premium: location, home age and construction cost, coverage limits, claim history and credit score. You and your neighbor could have identical houses but pay different rates.
The average annual rate among the top insurers in MoneyGeek's study is $1,973. Costs vary based on claims history, deductible level and roof condition. Compare insurance quotes from at least three companies before buying.
Home insurance can confuse shoppers, making it challenging to find essential information before purchasing a policy. MoneyGeek consulted industry experts, leaders and academics nationwide to provide insights on homeowners coverage.
MoneyGeek evaluated homeowners insurance carriers using insights and premiums from Quadrant Information Services' official databases.
Homeowner Profile
For our analysis, we created a sample homeowner with:
Homeowners Insurance Coverage Details
Unless specified otherwise, we used these coverage limits for comparison quotes:
We also gathered data for higher-value policies to identify the best companies for expensive homes, increasing limits to $1M dwelling coverage, $500K personal property coverage and $1M liability coverage.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
