Updated: September 1, 2025
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Although Chubb is the cheapest overall for $100K coverage, American Family is the most affordable option for $250K, $500K, $750K and $1M dwelling coverage.
Your home's value and location impact your home insurance cost. The cheapest home insurance companies vary by state and city.
Bundling policies, installing safety devices, increasing your deductible, maintaining a good credit score and comparing quotes from different providers annually will help you get the most affordable home insurance quotes.
The cheapest homeowners insurance providers depend on various factors. Overall, Chubb offers the most affordable home insurance quote. American Family is the cheapest home insurance for higher dwelling coverage. The sections below show the best rates by coverage level, location and credit history.
Chubb has the lowest rate at $991 per year or around $83 per month for $100K in dwelling coverage, the lowest coverage offered.
Chubb offers some of the cheapest home insurance rates in the market, with coverage starting at just $83 per month for $100,000 in dwelling protection. The company earned the top spot in J.D. Power's 2024 U.S. Home Insurance Study and 2025 U.S. Property Claims Satisfaction Study making it a leader for customer satisfaction.
Chubb's customer service has been exceptional throughout our policy experience. When we needed coverage details, representatives provided clear explanations without sales pressure. Filing claims through their mobile app is straightforward, with regular text updates to keep policy holders informed.
The mobile app offers digital policy access, one-step claim reporting, and a Catastrophe Tracker showing weather events near your property. While it has a 4.5 App Store rating, some users experience login issues. We found claim submission smooth, though policy management could be more intuitive. For affordable home insurance starting at $83 monthly, Chubb delivers solid value with reliable service.
The cheapest home insurance for you depends on the dwelling coverage. While Chubb has the lowest average cost for $100K dwelling coverage, American Family is the cheapest insurer for $250K, $500K, $750K and $1M dwelling coverage. The table below compares the best rates based on your desired dwelling coverage limits.
| Chubb | $991 |
| State Farm | $1,074 |
| American Family | $1,196 |
| Nationwide | $1,246 |
| Farmers | $1,258 |
| Auto-Owners Insurance | $1,309 |
| Allstate | $1,528 |
| Travelers | $3,997 |
The cheapest home insurance rates vary widely by location due to local natural disaster risks, weather patterns, crime rates, building codes, distance from emergency services, regional construction costs and state insurance regulations. Below, we rank the cheapest insurers by state and city.
Home insurance providers consider location when calculating premiums. The table below shows each state's cheapest company for different coverage levels.
| $100K Dwelling Coverage | State Farm | $1,810 |
| $1MM Dwelling Coverage | State Farm | $8,973 |
| $250K Dwelling Coverage | Farmers | $3,211 |
| $500K Dwelling Coverage | State Farm | $5,096 |
| $750K Dwelling Coverage | Auto-Owners Insurance | $6,959 |
The most affordable home insurance providers vary widely even within the same state. Filter the table below to see city rates in your state based on our data.
| Alabama | Montgomery | State Farm | $ 1,460 |
| Alabama | Birmingham | Allstate | $ 1,552 |
| Alabama | Mobile | COUNTRY Financial | $ 1,812 |
| Alabama | Huntsville | Farmers | $ 1,519 |
| Alaska | Anchorage | State Farm | $ 437 |
| Arizona | Mesa | State Farm | $ 779 |
| Arizona | Gilbert | State Farm | $ 779 |
| Arizona | Peoria | State Farm | $ 746 |
| Arizona | Phoenix | State Farm | $ 779 |
| Arizona | Scottsdale | State Farm | $ 800 |
| Arizona | Surprise | State Farm | $ 733 |
| Arizona | Tempe | State Farm | $ 797 |
| Arizona | Chandler | State Farm | $ 782 |
| Arizona | Tucson | State Farm | $ 779 |
| Arkansas | Little Rock | Nationwide | $ 1,200 |
| California | El Monte | Allstate | $ 293 |
| California | Roseville | Allstate | $ 348 |
| California | Sacramento | Allstate | $ 371 |
| California | Escondido | Allstate | $ 347 |
| California | Salinas | Allstate | $ 313 |
| California | Costa Mesa | Allstate | $ 371 |
| California | San Bernardino | Allstate | $ 381 |
| California | Fairfield | Allstate | $ 333 |
| California | San Diego | Allstate | $ 379 |
| California | San Francisco | Allstate | $ 353 |
| California | Fontana | Allstate | $ 435 |
| California | San Jose | Travelers | $ 321 |
| California | San Mateo | Allstate | $ 303 |
| California | Fremont | Allstate | $ 339 |
| California | Santa Ana | Allstate | $ 370 |
| California | Anaheim | Allstate | $ 352 |
| California | Santa Clara | Travelers | $ 312 |
| California | Fresno | Allstate | $ 342 |
| California | Santa Clarita | Farmers | $ 321 |
| California | Daly City | Allstate | $ 303 |
| California | Santa Maria | Farmers | $ 282 |
| California | Fullerton | Allstate | $ 321 |
| California | East Los Angeles | Allstate | $ 303 |
| California | Santa Rosa | Farmers | $ 299 |
| California | Simi Valley | Farmers | $ 368 |
| California | Antioch | Allstate | $ 317 |
| California | Garden Grove | Allstate | $ 339 |
| California | Stockton | Allstate | $ 335 |
| California | Sunnyvale | Allstate | $ 313 |
| California | Glendale | Farmers | $ 347 |
| California | Temecula | Allstate | $ 360 |
| California | Thousand Oaks | Farmers | $ 282 |
| California | Hayward | Allstate | $ 332 |
| California | Torrance | Allstate | $ 325 |
| California | Apple Valley | Allstate | $ 416 |
| California | Vallejo | Allstate | $ 323 |
| California | Huntington Beach | Allstate | $ 367 |
| California | Ventura | Farmers | $ 282 |
| California | Victorville | Allstate | $ 381 |
| California | Inglewood | Allstate | $ 309 |
| California | Visalia | Allstate | $ 317 |
| California | Vista | Allstate | $ 347 |
| California | Arden-Arcade | Allstate | $ 347 |
| California | West Covina | Farmers | $ 359 |
| California | Irvine | Allstate | $ 401 |
| California | Jurupa Valley | Allstate | $ 401 |
| California | Lancaster | Allstate | $ 395 |
| California | Bakersfield | Allstate | $ 348 |
| California | Long Beach | Allstate | $ 331 |
| California | Los Angeles | Allstate | $ 437 |
| California | Modesto | Allstate | $ 311 |
| California | Berkeley | Allstate | $ 334 |
| California | El Cajon | Allstate | $ 347 |
| California | Moreno Valley | Allstate | $ 366 |
| California | Murrieta | Allstate | $ 380 |
| California | Burbank | Farmers | $ 347 |
| California | Norwalk | Farmers | $ 284 |
| California | Oakland | Allstate | $ 365 |
| California | Oceanside | Allstate | $ 347 |
| California | Carlsbad | Allstate | $ 347 |
| California | Ontario | Farmers | $ 392 |
| California | Orange | Allstate | $ 343 |
| California | Downey | Allstate | $ 297 |
| California | Chula Vista | Allstate | $ 347 |
| California | Oxnard | Farmers | $ 282 |
| California | Palmdale | Allstate | $ 411 |
| California | Pasadena | Farmers | $ 300 |
| California | Clovis | Allstate | $ 319 |
| California | Elk Grove | Allstate | $ 341 |
| California | Pomona | Allstate | $ 395 |
| California | Rancho Cucamonga | Farmers | $ 427 |
| California | Concord | Allstate | $ 318 |
| California | Rialto | Allstate | $ 408 |
| California | Richmond | Allstate | $ 305 |
| California | Riverside | Allstate | $ 409 |
| California | Corona | Farmers | $ 386 |
| Colorado | Arvada | Auto-Owners Insurance | $ 1,028 |
| Colorado | Boulder | Auto-Owners Insurance | $ 1,034 |
| Colorado | Centennial | Auto-Owners Insurance | $ 1,030 |
| Colorado | Colorado Springs | Auto-Owners Insurance | $ 1,122 |
| Colorado | Denver | Auto-Owners Insurance | $ 1,033 |
| Colorado | Fort Collins | Auto-Owners Insurance | $ 868 |
| Colorado | Greeley | Auto-Owners Insurance | $ 1,017 |
| Colorado | Highlands Ranch | Auto-Owners Insurance | $ 1,013 |
| Colorado | Lakewood | Auto-Owners Insurance | $ 1,029 |
| Colorado | Loveland | Auto-Owners Insurance | $ 805 |
| Colorado | Pueblo | Auto-Owners Insurance | $ 1,314 |
| Colorado | Thornton | Auto-Owners Insurance | $ 1,028 |
| Colorado | Westminster | Auto-Owners Insurance | $ 1,045 |
| Connecticut | Bridgeport | Farmers | $ 829 |
| Connecticut | Hartford | Farmers | $ 623 |
| Connecticut | New Haven | Farmers | $ 1,020 |
| Connecticut | Stamford | Farmers | $ 522 |
| Connecticut | Waterbury | Farmers | $ 513 |
| Delaware | Wilmington | Travelers | $ 421 |
| District of Columbia | Washington | Nationwide | $ 536 |
| Florida | West Palm Beach | Nationwide | $ 2,086 |
| Florida | Spring Hill | State Farm | $ 754 |
| Florida | Palm Bay | State Farm | $ 914 |
| Florida | Pompano Beach | State Farm | $ 1,136 |
| Florida | St. Petersburg | Nationwide | $ 1,288 |
| Florida | Pembroke Pines | State Farm | $ 671 |
| Florida | Tallahassee | State Farm | $ 515 |
| Florida | Boca Raton | Allstate | $ 3,904 |
| Florida | Brandon | State Farm | $ 819 |
| Florida | Cape Coral | Nationwide | $ 983 |
| Florida | Clearwater | Nationwide | $ 1,181 |
| Florida | Pensacola | Chubb | $ 2,246 |
| Florida | Coral Springs | State Farm | $ 758 |
| Florida | Davie | State Farm | $ 871 |
| Florida | Fort Lauderdale | State Farm | $ 1,125 |
| Florida | Fort Myers | Nationwide | $ 2,014 |
| Florida | Gainesville | State Farm | $ 565 |
| Florida | Hialeah | Nationwide | $ 1,279 |
| Florida | Hollywood | State Farm | $ 960 |
| Florida | Jacksonville | Florida Peninsula Insurance | $ 855 |
| Florida | Port St. Lucie | Nationwide | $ 1,181 |
| Florida | Lakeland | Nationwide | $ 784 |
| Florida | Lehigh Acres | Nationwide | $ 935 |
| Florida | Tampa | Florida Peninsula Insurance | $ 1,425 |
| Florida | Miami | Allstate | $ 4,823 |
| Florida | Miami Gardens | Nationwide | $ 1,387 |
| Florida | Miramar | State Farm | $ 415 |
| Florida | Ocala | Florida Peninsula Insurance | $ 955 |
| Florida | Orlando | State Farm | $ 728 |
| Georgia | Athens-Clarke | Travelers | $ 765 |
| Georgia | Atlanta | Chubb | $ 915 |
| Georgia | Augusta-Richmond | Travelers | $ 892 |
| Georgia | Macon-Bibb | Chubb | $ 819 |
| Georgia | Sandy Springs | Travelers | $ 734 |
| Georgia | Savannah | Allstate | $ 1,504 |
| Georgia | Valdosta | Travelers | $ 977 |
| Hawaii | Urban Honolulu | DB Insurance | $ 200 |
| Idaho | Boise City | Mutual of Enumclaw | $ 486 |
| Idaho | Meridian | Mutual of Enumclaw | $ 469 |
| Illinois | Aurora | Nationwide | $ 718 |
| Illinois | Chicago | State Farm | $ 979 |
| Illinois | Elgin | Nationwide | $ 754 |
| Illinois | Joliet | Nationwide | $ 894 |
| Illinois | Naperville | Nationwide | $ 713 |
| Illinois | Rockford | Nationwide | $ 776 |
| Indiana | Evansville | Allstate | $ 793 |
| Indiana | Fort Wayne | Allstate | $ 748 |
| Indiana | Indianapolis | Allstate | $ 904 |
| Indiana | South Bend | American Family | $ 748 |
| Iowa | Cedar Rapids | American Family | $ 880 |
| Iowa | Davenport | Nationwide | $ 826 |
| Iowa | Des Moines | American Family | $ 891 |
| Kansas | Wichita | Shelter | $ 1,711 |
| Kansas | Topeka | Shelter | $ 1,285 |
| Kansas | Overland Park | Shelter | $ 1,236 |
| Kansas | Olathe | Auto-Owners Insurance | $ 1,223 |
| Kansas | Kansas City | Shelter | $ 1,074 |
| Kentucky | Louisville/Jefferson | AAA | $ 871 |
| Kentucky | Lexington-Fayette | AAA | $ 643 |
| Kentucky | Bowling Green | AAA | $ 895 |
| Louisiana | Shreveport | ASI | $ 486 |
| Louisiana | New Orleans | ASI | $ 536 |
| Louisiana | Metairie | ASI | $ 592 |
| Louisiana | Lafayette | ASI | $ 478 |
| Louisiana | Baton Rouge | ASI | $ 523 |
| Maine | Portland | Vermont Mutual | $ 222 |
| Maryland | Baltimore | State Farm | $ 824 |
| Massachusetts | Worcester | State Farm | $ 298 |
| Massachusetts | Springfield | State Farm | $ 302 |
| Massachusetts | Lowell | State Farm | $ 453 |
| Massachusetts | Cambridge | State Farm | $ 448 |
| Massachusetts | Boston | State Farm | $ 526 |
| Michigan | Detroit | Auto-Owners Insurance | $ 412 |
| Michigan | Ann Arbor | Auto-Owners Insurance | $ 336 |
| Michigan | Warren | Auto-Owners Insurance | $ 319 |
| Michigan | Sterling Heights | Auto-Owners Insurance | $ 307 |
| Michigan | Lansing | Auto-Owners Insurance | $ 291 |
| Michigan | Grand Rapids | Auto-Owners Insurance | $ 290 |
| Minnesota | St. Paul | Chubb | $ 860 |
| Minnesota | Minneapolis | Chubb | $ 860 |
| Mississippi | Jackson | Foremost Insurance | $ 1,032 |
| Missouri | Independence | AAA | $ 957 |
| Missouri | St. Louis | AAA | $ 843 |
| Montana | Billings | Chubb | $ 399 |
| Nebraska | Omaha | American Family | $ 1,944 |
| Nebraska | Lincoln | State Farm | $ 1,945 |
| Nevada | Sunrise Manor | Capital Insurance Group | $ 357 |
| Nevada | Spring Valley | Capital Insurance Group | $ 368 |
| Nevada | Sparks | Capital Insurance Group | $ 266 |
| Nevada | Reno | Capital Insurance Group | $ 266 |
| Nevada | Paradise | Capital Insurance Group | $ 362 |
| Nevada | Pahrump | Capital Insurance Group | $ 463 |
| Nevada | North Las Vegas | Capital Insurance Group | $ 368 |
| Nevada | Las Vegas | Capital Insurance Group | $ 418 |
| Nevada | Henderson | Capital Insurance Group | $ 370 |
| Nevada | Enterprise | Capital Insurance Group | $ 368 |
| New Hampshire | Manchester | Amica | $ 489 |
| New Jersey | Paterson | Chubb | $ 412 |
| New Jersey | Newark | Chubb | $ 415 |
| New Jersey | Jersey City | Chubb | $ 396 |
| New Jersey | Elizabeth | Chubb | $ 378 |
| New Mexico | Las Cruces | State Farm | $ 887 |
| New Mexico | Albuquerque | State Farm | $ 887 |
| New York | Yonkers | Farmers | $ 391 |
| New York | Syracuse | Main Street America Insurance | $ 335 |
| New York | Rochester | Main Street America Insurance | $ 325 |
| New York | New York | State Farm | $ 491 |
| New York | Buffalo | Main Street America Insurance | $ 392 |
| New York | Albany | Main Street America Insurance | $ 383 |
| North Carolina | Winston-Salem | Heritage Insurance | $ 1,047 |
| North Carolina | Raleigh | Auto-Owners Insurance | $ 1,152 |
| North Carolina | High Point | Heritage Insurance | $ 848 |
| North Carolina | Greensboro | Heritage Insurance | $ 848 |
| North Carolina | Fayetteville | Auto-Owners Insurance | $ 1,541 |
| North Carolina | Durham | Auto-Owners Insurance | $ 1,152 |
| North Carolina | Charlotte | Auto-Owners Insurance | $ 1,184 |
| North Carolina | Cary | Auto-Owners Insurance | $ 1,152 |
| North Dakota | Fargo | Agraria Insurance | $ 831 |
| Ohio | Toledo | Auto-Owners Insurance | $ 768 |
| Ohio | Dayton | State Farm | $ 757 |
| Ohio | Columbus | Auto-Owners Insurance | $ 728 |
| Ohio | Cleveland | Auto-Owners Insurance | $ 706 |
| Ohio | Cincinnati | Auto-Owners Insurance | $ 723 |
| Ohio | Akron | State Farm | $ 610 |
| Oklahoma | Tulsa | Oklahoma Farm Bureau | $ 1,836 |
| Oklahoma | Oklahoma City | State Farm | $ 2,011 |
| Oklahoma | Norman | Oklahoma Farm Bureau | $ 1,966 |
| Oklahoma | Broken Arrow | Oklahoma Farm Bureau | $ 1,836 |
| Oregon | Salem | Nationwide | $ 530 |
| Oregon | Hillsboro | Nationwide | $ 500 |
| Oregon | Gresham | Capital Insurance Group | $ 546 |
| Oregon | Eugene | Nationwide | $ 501 |
| Pennsylvania | Pittsburgh | Nationwide | $ 559 |
| Pennsylvania | Philadelphia | State Farm | $ 925 |
| Pennsylvania | Allentown | Nationwide | $ 544 |
| Rhode Island | Providence | State Farm | $ 596 |
| South Carolina | Sumter | Chubb | $ 393 |
| South Carolina | North Charleston | Chubb | $ 894 |
| South Carolina | Myrtle Beach | Chubb | $ 1,101 |
| South Carolina | Columbia | Chubb | $ 474 |
| South Dakota | Sioux Falls | Auto-Owners Insurance | $ 1,017 |
| Tennessee | Murfreesboro | Foremost Insurance | $ 687 |
| Tennessee | Memphis | ASI | $ 1,096 |
| Tennessee | Knoxville | Foremost Insurance | $ 654 |
| Tennessee | Hendersonville | Foremost Insurance | $ 704 |
| Tennessee | Clarksville | Foremost Insurance | $ 687 |
| Tennessee | Chattanooga | ASI | $ 733 |
| Tennessee | Nashville-Davidson | ASI | $ 776 |
| Texas | Richardson | Farmers | $ 2,278 |
| Texas | The Woodlands | Farmers | $ 1,677 |
| Texas | Plano | Chubb | $ 1,878 |
| Texas | Pearland | Farmers | $ 2,333 |
| Texas | Odessa | Farmers | $ 1,848 |
| Texas | Midland | Farmers | $ 1,990 |
| Texas | San Antonio | Farmers | $ 876 |
| Texas | Mesquite | Farmers | $ 2,249 |
| Texas | McKinney | Chubb | $ 1,878 |
| Texas | McAllen | Nationwide | $ 1,737 |
| Texas | Lubbock | Amica | $ 2,559 |
| Texas | Lewisville | Chubb | $ 2,073 |
| Texas | League City | Farmers | $ 2,792 |
| Texas | Laredo | Farmers | $ 1,171 |
| Texas | Killeen | Chubb | $ 1,141 |
| Texas | Irving | Farmers | $ 2,275 |
| Texas | Houston | Farmers | $ 2,230 |
| Texas | San Angelo | Nationwide | $ 1,781 |
| Texas | Grand Prairie | Farmers | $ 2,268 |
| Texas | Garland | Farmers | $ 2,270 |
| Texas | Frisco | Farmers | $ 1,802 |
| Texas | Fort Worth | State Farm | $ 1,892 |
| Texas | El Paso | State Farm | $ 860 |
| Texas | Tyler | Chubb | $ 1,754 |
| Texas | Denton | Chubb | $ 2,073 |
| Texas | Sugar Land | Farmers | $ 2,381 |
| Texas | Dallas | State Farm | $ 1,892 |
| Texas | Corpus Christi | State Farm | $ 1,892 |
| Texas | College Station | Farmers | $ 1,407 |
| Texas | Carrollton | Chubb | $ 2,201 |
| Texas | Round Rock | Farmers | $ 1,259 |
| Texas | Brownsville | Farmers | $ 1,797 |
| Texas | Beaumont | Farmers | $ 2,590 |
| Texas | Austin | Farmers | $ 1,088 |
| Texas | Amarillo | State Farm | $ 2,845 |
| Texas | Wichita Falls | Amica | $ 2,728 |
| Texas | Allen | Chubb | $ 1,878 |
| Texas | Abilene | Amica | $ 2,637 |
| Texas | Waco | Farmers | $ 1,488 |
| Utah | West Valley City | Farmers | $ 488 |
| Utah | West Jordan | Farmers | $ 494 |
| Utah | Salt Lake City | Farmers | $ 501 |
| Utah | Provo | Farmers | $ 456 |
| Virginia | Virginia Beach | State Farm | $ 857 |
| Virginia | Norfolk | Chubb | $ 793 |
| Virginia | Newport News | Chubb | $ 793 |
| Virginia | Hampton | Chubb | $ 728 |
| Virginia | Chesapeake | Chubb | $ 661 |
| Virginia | Arlington | Main Street America Insurance | $ 521 |
| Virginia | Alexandria | Main Street America Insurance | $ 508 |
| Washington | Tacoma | Foremost Insurance | $ 559 |
| Washington | Spokane | Capital Insurance Group | $ 489 |
| Washington | Seattle | Capital Insurance Group | $ 457 |
| Washington | Renton | Foremost Insurance | $ 559 |
| Washington | Vancouver | Capital Insurance Group | $ 481 |
| Washington | Kent | Foremost Insurance | $ 559 |
| Washington | Everett | Foremost Insurance | $ 559 |
| Washington | Bellevue | Capital Insurance Group | $ 532 |
| West Virginia | Charleston | Nationwide | $ 627 |
| Wisconsin | Madison | Chubb | $ 350 |
| Wisconsin | Milwaukee | Chubb | $ 489 |
| Wisconsin | Green Bay | Chubb | $ 361 |
| Wyoming | Cheyenne | AMCO Insurance | $ 592 |
Credit scores affect your home insurance premiums because they predict claim likelihood, with lower scores often leading to higher rates due to perceived risk. Nationwide is the cheapest home insurance provider if you have a poor credit score.
For $100K in dwelling coverage, Nationwide offers the cheapest home insurance at $2,054 per year or $2,148 less than the national average cost for those with poor credit ($4,202).
Nationwide offers several discounts that can help homeowners with poor credit get more affordable homeowners insurance. These include home renovation, roofing material, gated community, protective devices, home buyer, continuously insured, bundling and claims-free discounts.
Poor credit may result in higher premiums, but comparing offers from multiple insurance companies can help you find affordable policies. Filter the table below to compare the best rates for different dwelling coverage limits.
| Nationwide | $ 2,054 |
| American Family | $ 2,101 |
| Chubb | $ 2,138 |
| State Farm | $ 2,568 |
| Allstate | $ 3,234 |
| Farmers | $ 4,764 |
| Travelers | $ 13,906 |
| Auto-Owners Insurance | $ 29,600 |
*Note: States like California, Massachusetts, Maryland and Hawaii ban insurers from using credit scores to determine premiums.
Choosing the right policy and provider helps you get affordable home insurance with sufficient coverage. Your coverage needs and profile determine your best options and the cheapest rates aren't always the best value if they leave you under protected. Look for cheaper home insurance that balances low premiums with comprehensive coverage based on your location, home value and risk profile. See the sections below for guidance on finding competitive rates and understanding coverage options.
Lowering your home insurance premiums doesn't have to be complicated. See these strategies like comparing quotes, using discounts and maintaining a claims-free history, you can keep costs down while ensuring adequate protection. Here are practical ways to save money on your homeowners insurance.
Dwelling coverage is the biggest factor in determining the cost of your home insurance. Your dwelling coverage needs should reflect your home's replacement cost, not market value. Market value includes land and location factors, which aren't relevant for insurance purposes.
To accurately estimate your replacement cost:
Comparing home insurance quotes from multiple companies is one of the easiest ways to ensure you get the lowest rate. Even a small difference in rates can lead to significant savings over time.
Opting for a higher deductible will lower your annual premium. Make sure you have enough savings to cover the deductible amount if you need to file a claim.
A higher credit score will get you cheaper home insurance quotes because insurers view you as less of a risk. Paying bills on time and managing debt responsibly are key steps to boost your credit and insurance savings.
Your home's location can greatly affect your insurance costs. Homes near fire hydrants or fire stations are cheaper to insure, while those in flood-prone areas may have higher premiums.
Reviewing your policy ensures you maintain the right coverage level for your needs. It's also a good time to compare home insurance quotes from other companies to make sure you're not overpaying. Reassess your coverage after renovations or when building costs increase in your area.
Qualifying for common home insurance discounts means more affordable home insurance. Here are the discounts that get you cheaper home insurance:
Save by bundling your home and auto insurance policies under the same provider. This reduces your overall premiums while keeping all your coverage organized in one place.
If your home is newly built, you could qualify for significant savings. Insurers often offer discounts on newer homes because they're less likely to have structural issues or require costly repairs.
Installing safety features such as burglar alarms, fire alarms or sprinkler systems can earn you a discount. These devices lower the risk of damage or loss, making your home safer and more cost-effective to insure.
Homeowners who have gone a certain number of years without filing an insurance claim may receive a discount. Maintaining a clean claims history signals to insurers that you are a lower risk, which can lead to lower premiums.
You reduce your home insurane policy cost by setting up automatic payment and paying in full.
Getting personalized home insurance quotes will help you accurately compare your options and determine the most affordable. Enter basic information in our home insurance calculator below to get quick estimates from the top home insurers.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Sep 17, 2025
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Home insurance helps protect your home, belongings and finances if something goes wrong. However, coverage varies based on the policy and how insurers calculate reimbursement. Understanding what your home insurance covers and how it covers it can help you choose the right policy and avoid unexpected costs later.
Standard home insurance policies don't cover:
ACV coverage results in cheaper home insurance than RCV.
For most homeowners, RCV coverage provides better protection for a small cost increase in cost.
Chubb has the cheapest average quotes for $100K dwelling coverage, but American Family is the most affordable home insurance for $250K, $500K, $750K and $1M dwelling coverages. The cheapest option for you may differ, so comparing quotes and researching discounts will help avoid overpaying.
The cheapest home insurance varies depending on coverage, ZIP code and credit history. This guide analyzes major insurers to identify companies with the lowest rates for various homeowner profiles.
Below, we've answered frequently asked questions about home insurance to help you find the best deals
Chubb offers the lowest rate for $100K in dwelling coverage, averaging $991 per year or about $83 monthly. State Farm follows at $1,074 annually or $90 monthly.
Homeowners with poor credit can see much higher premiums. For instance, Nationwide offers $2,054 per year for those with poor credit, which is $536 more than the national average cost for good credit ($1,518).
Raising your deductible reduces the risk for insurers, as you agree to pay more out of pocket if you make a claim. As a result, they reward you with lower premiums.
Insurance companies often use credit scores to assess risk, and a higher score can lead to lower premiums. Paying bills on time and managing debt can improve your credit and potentially reduce your insurance costs.
The 80% rule in home insurance means insuring your home for at least 80% of its total replacement value to receive full coverage for partial losses. If you're underinsured below this threshold, the insurer will pay only a proportional amount of your claim, calculated by dividing your actual coverage percentage by 80%.
Home insurance settlements for property damage are generally not taxable income, as the IRS considers them reimbursement for a loss rather than new income. However, portions of a settlement may be taxable if they exceed your property's adjusted basis, compensate for previously tax-deducted losses or include interest on delayed payments.
You can switch home insurance companies anytime, but you might have to pay a fee if you cancel early. To avoid coverage gaps or paying twice, start your new policy on the same day your old one ends or is canceled.
Why Trust MoneyGeek to Help You Get Cheaper Home Insurance?
MoneyGeek analyzed over 500,000 home insurance quotes from multiple insurance providers across the U.S. using a profile that reflects the average homeowner. By considering different locations and companies, we provide a reliable estimate of what homeowners can expect to pay.
Methodology:
MoneyGeek scored homeowners insurance carriers for affordability, financial stability, coverage options, and customer satisfaction. Our home owners insurance quotes come from a partnership with Quadrant Information Services.
Homeowner Profile
For our home insurance quote analysis, we created a sample homeowner profile with the following characteristics:
Homeowners Insurance Coverage Details
Unless otherwise specified, we used the following coverage limits to collect quotes for our comparison:
We also compiled data for policies with broader coverage to determine the cheapest companies for insuring expensive homes, upping limits to $1M in dwelling coverage, $500K in personal property coverage and $1M in 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.
