The best home insurance companies for 2022Chubb, Hippo, Nationwide, NJM, and USAA had the highest
ratings in homeowners insurance company NerdWallet's analysis
Compare top rated companies now. The best home insurance companies
How to find the best home insurance policy in five common scenarios
How to compare home insurance , Find the best homeowners insurance in your state
The best home insurance companies forYour home is one of your largest and most rewarding investments, so choosing the best homeowner insurance available makes sense. Naturally, you'll want to get a good rate -- but you'll also want the right mix of coverage from a company that can pay your claim in the event of disaster. Reliable customer service is also a plus, To narrow down our list of the best homeowners insurance companies, we looked at customer complaint data, consumer experience, and financial strength. We also evaluated each insurance company's coverage options and deductibles. Based on these factors, here are our top home insurance companies.
The best home insurance companiesWhy you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our coverage so you can choose the insurance policy that's right for you. These carrier ratings are for home insurance - the company rating for other products on our site may vary. See our criteria for rating homeowners insurance companies.
The best home insurance companies for 2022
All of the home insurance companies listed below have scored at least 4.5 out of 5 stars. Hundreds of insurance companies are competing for your business, often selling very similar products, so it's smart to compare home insurance quotes from a few before making a decision.
How We Ranked the Best Home Insurance Companies
The NerdWallet editorial team looked at coverage options, deductibles, complaint data from the National Association of Insurance Commissioners, financial strength scores from AM Best, and more to determine the best homeowners insurance companies,Our rating system rewards companies with many coverage options and discounts, few consumer complaints and a solid financial rating. Under the Consumer Experience category, we looked at features like online quotes and claims reporting. To calculate each insurance company's rating, we adjusted the score to a 5-point curved scale, These ratings are a guide, but we encourage you to shop around and compare several insurance rates to find the best rate for you.
The best home insurance companies: the pros and cons
Learn more about our top home insurance companies by reading the brief summaries below and checking out our comprehensive reviews.
CHEP: Best for high-value homes
Hippo: Better secure digital first
Nationwide: The best combination of coverage and deductibles
NJM: Best for homeowners in Connecticut, Maryland, New Jersey, Ohio or Pennsylvania
American Family: Best Consumer First Online Presence
Amica: The best for customer service
Country Finance: Best to work with an agent
Erie: Best for Mid-Atlantic or Midwest homeowners
Hanover: Best for customizable policies
Kin: Best for homeowners in Florida and Louisiana
Travelers: Best for eco-conscious homeowners
USAA: Best for Military and Veterans
CHEP: Best for high-value homes
Pros: Chubb includes many of the features in homeowners policies that other companies charge extra for. It offers a large number of discounts as well, The negatives: Chubb's tends to be more expensive than other insurance companies and they don't offer online quotes for most consumers.
Company Overview: Chubb targets owners of expensive homes, devoting much of its expertise to well-to-do clients. It offers a plethora of coverage options, including atypical options like HomeScan, which helps detect issues in your home that require attention before they can cause damage.
Chubb also offers extended home and replacement value extended replacement cost coverage for your property as part of its standard policy, which is another unusual perk for consumers. This means that if your home costs more than expected to rebuild after a covered disaster, Chubb will pay more than your home limit to help cover the cost. This also means that you will get enough of the proceeds to buy brand new replacements for your damaged belongings, instead of just getting their depreciated value, Chubb has far fewer complaints with government regulators than would be expected for a company of this size, according to three years of data from NAIC.
Read our full review: Chubb Home Insurance
Hippo: Best for digital insurance first
Pros: Hippo offers quick quotes as well as a wide range of additional coverage options.
The negatives: Its policies aren't available in all states, and its tech focus doesn't appeal to everyone.
Company Overview: Founded in 2015, Hippo emphasizes technology and user experience, and promises a 60-second quote feature for easy price comparison. Hippo's focus is evident in some of the extras that come with its policies, such as a smart home monitoring system and virtual connections to home maintenance advisors.
Many of Hippo's discounts focus on protecting your home. Features such as burglar alarms and cold-resistant roofs will save consumers on their insurance premiums, you have a dog
If a visiting furry friend bites you or attacks someone at the dog park, the liability section of your home insurance policy may be able to help with the resulting legal or medical expenses. But don't just assume you're covered.
Some insurance companies exclude specific breeds such as pit bulls or Rottweilers, while others will not cover animal liability claims unless you add additional coverage to your policy. Check with your insurance company or agent to make sure your canine companion is properly covered.
Why Your Dog Needs Liability Insurance Even If It's Perfect
You own valuables
If you have expensive belongings such as an antique diamond ring or an ultra-premium guitar, check if they are fully covered by your homeowners policy. Many valuable items are only insured against theft up to a certain maximum, such as $1,500, If that isn't enough, you can usually purchase additional coverage for individual items or groups. Evaluation may be required.
You own an old house
Let's say the wiring in a century-old Victorian doesn't meet modern safety standards, or the house has unique architectural features that would be too expensive to rebuild. These and other factors can make it difficult to find affordable insurance for an older home. You may even need to make upgrades before being approved for coverage.
An experienced agent can help you weigh your options. For example, you may want to add statutory or legal coverage to your policy to pay for expenses associated with bringing your home to current building codes during repairs.
How to compare home insurance
1. Determine how much coverage you need. Finding the best homeowners insurance company for you starts with making sure you shop around for the right coverage. A standard policy covers your home and other structures, but the amount of coverage you need depends on the cost of rebuilding your home.
You'll also have several options to consider, including your insurance deductible (the amount you pay out of pocket in the event of a claim) and whether you need additional insurance for valuables. You may also want policy upgrades to cover earthquake damage or to ensure that you can exchange old belongings for new ones after a loss, rather than paying for their depreciated value. Check How Much Home Insurance Do You Need? to learn more.
By knowing what you need before you compare home insurance companies, you can ensure that every policy you consider provides the same level of coverage. You can also exclude companies that don't offer the options you want.
What does homeowners insurance cover?
2. Compare home insurance rates. After determining your coverage needs, you can start shopping for homeowners insurance. You'll want to compare home insurance quotes from at least three companies to make sure you're getting the cheapest policy possible, Home insurance costs an average of about $149 a month, according to a NerdWallet analysis. But rates can vary widely because no two homes are the same and each insurance company uses its own formula for calculating premiums and deductibles.
You can shop for quotes online or over the phone, or you can work with an insurance agent or broker to find the cheapest home insurance for you. Whichever path you choose, be sure to compare policies with similar coverage and deductibles, Also be aware that the homeowners insurance quote is only an estimate. Your rate may change if the insurance company inspects your home and determines that you need a different amount of coverage.
9 ways to lower the cost of home insurance
3. Research home insurance discounts. Most companies offer a standard set of home insurance discounts, such as savings for having multiple policies with the same insurance company (for example, both home and auto insurance), installing safety and security devices in your home, and avoiding claims for years on end, Beyond that, you'll see differences in both the number and type of discounts available. Matching the deductibles your home is entitled to will ensure that you not only get the policy you want but also benefit from the investments you made in your home.
4. Check customer satisfaction and complaints. If you choose a home insurance company that is known for making its customers happy, you can feel more confident that you will have a good experience, To find out if previous customers are satisfied, take a look at studies on homeowners insurance and property claims satisfaction from J.D. Power, which surveys thousands of homeowners annually.