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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare home insurance quotes for January 2025
Comparing quotes from top home insurance providers like Allstate, Chubb and State Farm may help you find the right carrier for your needs.
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Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare home insurance rates
Answer a few questions to see personalized rates from top carriers.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare homeowners insurance quotes by company
There are hundreds of home insurance companies on the market, which may make it confusing to know where to start. Bankrate is aware that most homeowners would appreciate an estimate of how much they can expect to spend on a policy first. In the United States, the average cost of homeowners insurance is $2,181 per year for $300,000 in dwelling coverage. This can help you gauge what other Americans budget for their home insurance, but this is just a statistical average. Your exact rate is likely to be different.
Insurers use a number of personal rating factors to calculate home insurance premiums, such as your claims history, where you live, the age of your home and the amount of coverage you need. Every property insurer has its own rating system, so it’s helpful to compare homeowners insurance rates from several providers to find the best price.
Additionally, you may need more or less coverage than the standard $300,000 dwelling limit used as our base profile. We’ve included average rates for a range of coverage levels from the largest companies by market share in the country to help conduct a home insurance comparison. Each company on this list was included in the 2024 J.D. Power U.S. Home Insurance Study, and each received an AM Best financial strength rating of “excellent” or “superior.”
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|
|
|
|
|
|---|---|---|---|---|
|
868
/1,000 |
$207
|
$2,487
|
||
|
877
/1,000 |
$143
|
$1,711
|
||
|
876
/1,000 |
$249
|
$2,984
|
||
|
888
/1,000 |
$138
|
$1,662
|
||
|
883
/1,000 |
$203
|
$2,440
|
||
|
877
/1,000 |
$133
|
$1,592
|
||
|
873
/1,000 |
$160
|
$1,916
|
||
|
845
/1,000 |
$166
|
$1,991
|
||
|
899
/1,000 |
$107
|
$1,289
|
||
|
851
/1,000 |
N/A
|
N/A
|
|
|
|
|
|
|---|---|---|---|
|
868
/1,000 |
$231
|
$2,767
|
|
|
877
/1,000 |
$157
|
$1,888
|
|
|
876
/1,000 |
$273
|
$3,271
|
|
|
888
/1,000 |
$155
|
$1,857
|
|
|
883
/1,000 |
$232
|
$2,780
|
|
|
877
/1,000 |
$147
|
$1,767
|
|
|
851
/1,000 |
N/A
|
N/A
|
|
|
873
/1,000 |
$175
|
$2,105
|
|
|
845
/1,000 |
$190
|
$2,277
|
|
|
899
/1,000 |
$118
|
$1,415
|
|
|
|
|
|
|---|---|---|---|
|
868
/1,000 |
$272
|
$3,260
|
|
|
877
/1,000 |
$187
|
$2,246
|
|
|
876
/1,000 |
$326
|
$3,912
|
|
|
888
/1,000 |
$191
|
$2,298
|
|
|
883
/1,000 |
$292
|
$3,506
|
|
|
877
/1,000 |
$178
|
$2,131
|
|
|
851
/1,000 |
N/A
|
N/A
|
|
|
873
/1,000 |
$209
|
$2,507
|
|
|
845
/1,000 |
$240
|
$2,883
|
|
|
899
/1,000 |
$141
|
$1,691
|
|
|
|
|
|
|---|---|---|---|
|
868
/1,000 |
$343
|
$4,112
|
|
|
877
/1,000 |
$252
|
$3,025
|
|
|
876
/1,000 |
$455
|
$5,462
|
|
|
888
/1,000 |
$281
|
$3,377
|
|
|
883
/1,000 |
$456
|
$5,469
|
|
|
877
/1,000 |
$284
|
$3,408
|
|
|
851
/1,000 |
N/A
|
N/A
|
|
|
873
/1,000 |
$301
|
$3,609
|
|
|
845
/1,000 |
$381
|
$4,574
|
|
|
899
/1,000 |
$207
|
$2,481
|
Top home insurance company reviews
Homeowners new to insuring their property
Navigating insurance for the first time is simpler with Allstate, which won the 2025 Bankrate Award for Best for First-Time Homeowners. From welcome discounts to packages tailored for new buyers, Allstate makes getting started easy. With local agents available nationwide and a highly rated mobile app, homeowners can balance hands-on guidance with the convenience of digital tools — all backed by a strong financial strength rating.
Homeowners looking for convenient policy management
For homeowners who prefer managing their insurance policies on the go, American Family stands out, winning the 2025 Bankrate Award for Best Digital Home Insurance Company. Further backed by its second-place ranking in the 2024 J.D. Power U.S. Insurance Digital Experience Study for Service, its MyAmFam app delivers a seamless user experience from tracking claims to contacting agents via text or email. With 16 available endorsements and a competitive average premium, American Family combines flexibility and cutting-edge digital tools to create a convenient and user-friendly insurance experience.
Homeowners who need high-value coverage
If your home is your most significant investment, Chubb is a gold standard for high-value coverage. The company earned the 2025 Bankrate Award for Best for High-Value Homes. Its Masterpiece policy includes (at no additional cost) extended replacement cost coverage, a cash settlement option for total losses and access to complimentary risk assessments. These features are tailored to meet the differing needs of luxury homeowners. Additionally, Chubb’s high customer satisfaction scores and strong financial ratings evidence its ability to protect high-value properties with the attention to detail they deserve.
Homeowners on a tight budget
According to our research, Erie has some of the cheapest average homeowners insurance rates in states where it’s available. It also offers guaranteed replacement cost coverage, which aims to give homeowners the total cost to rebuild their homes, regardless of the dwelling limit listed on their policies. Another perk that sets Erie apart is its pet coverage — while most providers exclude birds and fish, Erie offers up to $500 in coverage for animals, birds and fish included. However, Erie is only available in 12 states, so a homeowners insurance policy through Erie may not be an option for you.
Homeowners looking for packaged coverage
With three packages available (Standard, Enhanced and Premier), Farmers could be an excellent option for homeowners looking to simplify their insurance buying process by not having to go through the trouble of crafting custom coverage. Homeowners can modify these packages further with endorsements like Eco-Rebuild, which would cover the cost of rebuilding a home following a covered loss with more environmentally friendly materials. Still, it is important to know that Farmers isn’t available in every state. It’s also among the most expensive companies on our list, on average. But this company may be worth considering for people looking for a streamlined process when purchasing a homeowners insurance policy.
Homeowners who want to maximize savings
If juggling multiple policies feels overwhelming to you, Nationwide simplifies the process, earning the 2025 Bankrate Award for Best for Bundling Home and Auto Insurance. Offering up to 20 percent in discounts for bundlers, Nationwide backs its savings with a strong digital experience and comprehensive customer service. Its free annual On Your Side Review helps ensure policies are optimized for your needs, making it an excellent option for homeowners who want convenience and savings.
Homeowners looking to switch their insurance company
Progressive advertises that new policyholders can save up to 20 percent when they bundle home and auto together. Progressive homeowners insurance is only available in 40 states and its coverage options and add-ons are somewhat limited, but it could still be a great option for those looking for a new insurer to cover their needs and want to purchase multiple insurance products from the same company. Progressive also has some of the lowest average homeowners rates of the companies we analyzed.
Homeowners who value customer satisfaction
State Farm is the largest homeowners insurance company in the country by market share — although it doesn’t currently write home policies in Massachusetts, Rhode Island or California. The company boasts a high customer satisfaction rating per J.D. Power for overall customer satisfaction and its digital tools. Like Allstate, State Farm also boasts an impressive, nationwide network of agents. Additionally, State Farm’s average premium for homeowners insurance is on par with the national average.
Homeowners who need customizable coverage
Travelers scored below-average for overall customer satisfaction in the 2024 J.D. Power U.S. Home Insurance Study. Even so, if you own an environmentally friendly home, Travelers could offer cheaper home insurance through its green home discount. With this program, you may qualify for a 5 percent discount if you’ve received a “green home” certification from the Leadership Energy and Environmental Design (LEED) organization. Travelers also offers a lengthy list of insurance endorsements for homeowners looking to craft a bespoke policy, including identity fraud coverage, additional replacement cost protection and special personal property coverage.
Homeowners who need military-focused coverage
USAA continues to set the benchmark for military-focused coverage, tying for the 2025 Bankrate Award for Best Home Insurance Company Overall. Its policies include replacement cost coverage for personal belongings and identity theft protection as standard — benefits that often cost extra with other providers. With consistently low premiums, no-deductible coverage for military gear and outstanding J.D. Power customer satisfaction scores, USAA remains a premier option for those who serve.
How to shop for homeowners insurance
When comparing home insurance quotes, preparation is key. Having a copy of your current policy on hand along with an idea of what changes you may like to make on your new policy can save you time and stress down the road. Most insurance companies ask for the same type of information, such as:
- Personal details: Along with your name and date of birth, you are typically asked about your marital status, how long you have lived in the home and who may live there with you. If you own your home with a spouse, family member or anyone else, you will also need to provide their information. In some states, you may also be asked to provide your social security number in order to check your credit-based insurance score.
- Property details: A carrier will need your address, including your ZIP code. Companies might be able to look up additional information, but you may want to be prepared with your home’s construction year, the age of the roof, square footage, custom features and material types of interior and exterior finishes, and home systems like your HVAC.
- Insurance history: You will likely be asked if your residence already has insurance, which may make you eligible for a discount. Insurance companies will also ask if the home has any existing damage, if there have been any prior claims filed on the property, and if you have a mortgage.
- Coverage needs: An insurer will review your coverage needs when issuing a quote. This will include your policy limits, deductibles and endorsements. They will also ask about additional risk factors such as running a business from your home, having a pool or if you own a dog. While some of the factors can raise a red flag, in most cases, it is a way for your agent to advise of the extra coverage you may need to purchase to cover any insurance gaps.
Bankrate tip: Home inventory
Creating a home inventory of your personal belongings may help you decide how much home insurance you need, specifically personal property coverage. Even if you already have coverage in place, an inventory might illuminate insurance gaps you are unaware of. Additionally, a home inventory may help expedite the claims process if you do experience a covered loss. To create a home inventory, you might consider the following steps:
- Make an inventory list for each room and take photos to accompany your list.
- For big-ticket items like furniture, appliances and electronics, include the make and model, value, serial number, purchase date and receipts if you have them.
- Take a general count of smaller objects and estimate their value.
- Make note of any especially valuable items, like jewelry or antiques, that may require scheduled personal property coverage.
- Store your inventory in a safe place. Creating and storing a digital copy of your inventory may help ensure you can access it easily at any time.
- Update your inventory regularly with any new or sold items.
How to compare home insurance quotes
Most insurance professionals agree that comparing home insurance quotes is one of the best ways to find the rates, coverage options, discounts and other policy features that work best for you. Here’s how to go about it, step by step:
Step 1: Think about your coverage needs
You and your next-door neighbor may have similar homes but wildly different home insurance needs. To help you determine how much home insurance is right for you, it is first helpful to understand what a typical home insurance policy includes — and excludes — so you can structure a policy that works for you.
What does home insurance typically cover?
Home insurance policies are divided up into coverage types. Each coverage type is subject to its own limit (either a specific dollar amount or percentage) and is designed to financially protect homeowners in different ways. Below, we’ve detailed the coverage types found in a standard home insurance policy:
| Coverage type | Coverage amount | What it covers |
|---|---|---|
| A - Dwelling coverage | Estimated cost to rebuild your home | Your home’s physical structure if it is damaged in a covered loss |
| B - Other structures | Up to 10 percent of dwelling coverage amount | Non-attached structures like a gazebo, fence or shed if they are damaged in a covered loss |
| C - Personal property | Between 50 and 70 percent of dwelling coverage amount | Your personal belongings in your home, plus limited coverage for your belongings housed in other locations (like a storage unit) |
| D - Additional living expenses (also known as loss of use) | Between 20 and 30 percent of dwelling coverage amount | Expenses, like a hotel room and restaurant bills, if you are displaced from your home due to a covered loss |
| E - Personal liability | Between $100,000 and $500,000 | Legal expenses if you or a member of your household is found negligent for someone else’s injuries or property damage |
| F - Medical payments | Between $1,000 and $5,000 | Guests medical bills if they are injured on your property |
What does home insurance not cover?
Home insurance is not all-inclusive or all-encompassing. Some common exclusions include:
- Earthquake and land movement damage
- Flood damage
- Wear and tear and neglect
- Pest damage
- War
- Nuclear hazard
- Power failures
- Government action
- Theft of a dwelling while under construction
- Vandalism and malicious mischief to a dwelling left vacant for more than a specified amount of time, typically 30 or 60 consecutive days
- Intentional bodily injury or property damage by the insured
The state you live in may also determine what perils are excluded from standard home insurance policies. Regions with frequent threats of loss from tornadoes and hurricanes may have wind and hail exclusions. For example, Texas windstorm insurance is an endorsement purchased by many residents with homes near the Gulf of Mexico. And some Florida home insurance policies can include a separate hurricane deductible. California homes in high-risk wildfire zones may have limited wildfire coverage, as well, or an insurer may exclude wildfire damage from the policy altogether.
Just because something is excluded from your home insurance policy does not mean you can’t be covered for it, though. Home insurance providers sell separate endorsements for earthquakes, floods and other perils to protect your home further.
Bankrate tip: ACV vs RCV
Your home insurance personal property coverage will either cover your items at actual cash value (ACV) or replacement cost value (RCV), depending on what your insurer offers. In the event of a covered loss, ACV pays out the current value of your items after taking depreciation and your deductible into account. RCV, on the other hand, pays out what it would cost to replace the item with a new version today, minus the deductible. Some policies automatically cover personal property at actual cash value, but others require the homeowner to purchase an RCV endorsement. If an insurer offers RCV and ACV policies, an RCV policy will likely result in a higher premium.
For example, suppose your living room furniture cost $6,000 five years ago when you bought it. If it depreciated 7 percent a year, today's current value is about $3,900, a depreciation of $2,100. However, to replace it with a similar living room set costs about $7,000. If you have a $1,000 policy deductible, here are how the two options would play out if that furniture were destroyed in a covered loss:
- ACV: $7,000 (replacement cost) - $2,100 (depreciation) = $4,900 (actual cash value) - $1,000 (deductible) = $3,900 (claim payout)
- RCV: $7,000 (cost new of similar furniture) - $1,000 (deductible) = $6,000 (claim payout)
Step 2: Get quotes from several home insurance companies
Once you know what you are looking for in a company, experts recommend requesting quotes from several home insurance providers that might fit your needs. You can request quotes multiple ways:
- Get a home insurance quote online: Online home insurance quotes are a great place to begin. Some carriers may allow you to purchase your policy entirely online, while others will put you in contact with an agent to complete the process. Getting a handful of quotes online can help give you a better estimate of what your home insurance policy will cost.
- Use a captive insurance agent: A captive agent works for one insurance provider. As such, working with a captive agent is typically best if you’ve already chosen a company but need help building or finalizing your policy.
- Go through an independent agent or broker: If you prefer personalized service and want help gathering quotes, then working with an independent insurance agent or broker could be the best choice. Unlike captive agents, independent agents can provide you with home insurance quotes from multiple companies. Independent agents and brokers typically earn a commission from your policy, so be mindful of upselling.
Experts recommend collecting between three and five home insurance quotes to better gauge what your policy will really cost.
Bankrate tip: Switching home insurance companies
Even if you already have a home insurance policy in place, you might consider shopping around on occasion to make sure you're getting the coverage and customer service you need at the best price. Home insurance isn’t a “set it and forget it” type of expense; if you’re hit with a steep rate increase, or you’re not satisfied with your current carrier, collecting quotes can be an effective way to find the right policy at the right price.
If your coverage needs have changed — maybe you want to add flood insurance or you inherited a valuable jewelry collection — you might start by getting quotes for any additional coverage needs with your current carrier. You can then compare these with quotes for the same coverage types and limits from a few other carriers.
In most cases, you can switch home insurance carriers at any time — even if your premium payments come from an escrow account. You may want to shop early, and end your old policy on the same date your new one starts to avoid a lapse in coverage. A coverage lapse could leave you and your home financially vulnerable and could raise your rates.
Learn more: How to switch home insurance companies
Step 3: Review each home insurance quote for accuracy
Once you have your quotes on hand, it’s time to go over them with a fine-toothed comb for accuracy. Review the documentation you receive and ensure that each home insurance quote is in line with the information you provided. Your coverage amounts may vary based on each insurance company’s valuation tool, but as long as your quotes are in the same ballpark, you should be able to compare them.
Aside from coverage amounts, you will also want to take a close look at the deductible, the policy type and whether your belongings are insured on an actual cash value or replacement cost value basis. These may seem like minor details but can have a major impact on what you wind up paying for your policy.
Step 4: Choose your home insurance policy
Your budget is an important consideration when searching for the perfect home insurance policy. However, it is not the only thing to think about. Hopefully, you never need to file a home insurance claim, but if disaster strikes, you’ll want to know that your insurance company will be there for you when you need it. As such, experts recommend choosing a company that has a strong financial history, high rates of customer satisfaction and robust coverage offerings.
Example of how to compare homeowners insurance quotes
Choosing the right homeowners insurance means looking beyond just premium costs. While two policies might seem similar at first, differences in coverage levels and deductibles can impact both your monthly payments and your protection level.
The table below provides a hypothetical comparison of quotes from three companies (Company A, Company B and Company C). These examples illustrate how varying coverage limits and deductible amounts influence the yearly premium.
| Coverage | Company A | Company B | Company C |
|---|---|---|---|
| Annual premium | $1,573 | $1,712 | $1,589 |
| Dwelling coverage | $275,00 | $300,000 | $325,000 |
| Personal property coverage | $137,500 (50% of Dwelling) | $150,000 (50% of Dwelling) | $162,500 (50% of Dwelling) |
| Liability coverage | $300,000 | $100,000 | $500,000 |
| Deductible | $1,500 | $1,000 | $2,000 |
Shopping for home insurance isn't as simple as comparing price tags. Dwelling coverage, liability protection and deductibles all play their own important role in determining your annual premium.
Take a closer look at how these elements interact: Company C might seem like it should be pricier at first glance with its robust dwelling and liability coverage, but the policy balances this with a higher deductible to keep premiums reasonable. Company B offers lower liability limits compared to Company A, but the policy’s reduced deductible could be attractive if looking to minimize immediate out-of-pocket expenses after a claim is a priority.
There isn’t a right or wrong answer as to which quote is better. The quote you choose will depend on your needs, budget and risk-tolerance level. You may want to work with a licensed agent if you have any questions or require specialty coverage.
What comparison shopping really boils down to is the importance of considering the full picture. Rather than fixating on simple cost or individual policy features, it's important to evaluate how all these components work together. This more holistic approach helps ensure you're not just getting good coverage on paper, but rather coverage that aligns with both your protection needs and any financial constraints you need to consider.
Compare home insurance quotes by state
Homeowners insurance rates vary significantly by state. Our homeowners insurance quote comparison shows that the most expensive state on average for home insurance with $300K in dwelling coverage is Nebraska at $5,401 per year. The cheapest average state for home insurance is Vermont, at $794 per year. Even if the cost of home insurance is higher than average in your state, you may be able to find more affordable rates by comparing homeowners insurance quotes and looking for discounts that apply to you.
Average home insurance cost by state
The average annual home insurance premium for a home with a dwelling coverage amount of $300,000.
|
|
|
|
|---|---|---|
|
Avg. annual premium
$2,879
|
Avg. monthly premium
$240
|
|
|
Avg. annual premium
$868
|
Avg. monthly premium
$72
|
|
|
Avg. annual premium
$2,099
|
Avg. monthly premium
$175
|
|
|
Avg. annual premium
$3,024
|
Avg. monthly premium
$252
|
|
|
Avg. annual premium
$1,381
|
Avg. monthly premium
$115
|
|
|
Avg. annual premium
$3,017
|
Avg. monthly premium
$251
|
|
|
Avg. annual premium
$1,659
|
Avg. monthly premium
$138
|
|
|
Avg. annual premium
$938
|
Avg. monthly premium
$78
|
|
|
Avg. annual premium
$5,376
|
Avg. monthly premium
$448
|
|
|
Avg. annual premium
$1,916
|
Avg. monthly premium
$160
|
|
|
Avg. annual premium
$1,214
|
Avg. monthly premium
$101
|
|
|
Avg. annual premium
$1,240
|
Avg. monthly premium
$103
|
|
|
Avg. annual premium
$2,079
|
Avg. monthly premium
$173
|
|
|
Avg. annual premium
$1,663
|
Avg. monthly premium
$139
|
|
|
Avg. annual premium
$2,151
|
Avg. monthly premium
$179
|
|
|
Avg. annual premium
$4,168
|
Avg. monthly premium
$347
|
|
|
Avg. annual premium
$3,151
|
Avg. monthly premium
$263
|
|
|
Avg. annual premium
$3,969
|
Avg. monthly premium
$331
|
|
|
Avg. annual premium
$1,220
|
Avg. monthly premium
$102
|
|
|
Avg. annual premium
$1,606
|
Avg. monthly premium
$134
|
|
|
Avg. annual premium
$1,642
|
Avg. monthly premium
$137
|
|
|
Avg. annual premium
$1,997
|
Avg. monthly premium
$166
|
|
|
Avg. annual premium
$2,583
|
Avg. monthly premium
$215
|
|
|
Avg. annual premium
$3,171
|
Avg. monthly premium
$264
|
|
|
Avg. annual premium
$2,121
|
Avg. monthly premium
$177
|
|
|
Avg. annual premium
$2,418
|
Avg. monthly premium
$202
|
|
|
Avg. annual premium
$5,401
|
Avg. monthly premium
$450
|
|
|
Avg. annual premium
$995
|
Avg. monthly premium
$83
|
|
|
Avg. annual premium
$976
|
Avg. monthly premium
$81
|
|
|
Avg. annual premium
$1,158
|
Avg. monthly premium
$96
|
|
|
Avg. annual premium
$2,051
|
Avg. monthly premium
$171
|
|
|
Avg. annual premium
$1,704
|
Avg. monthly premium
$142
|
|
|
Avg. annual premium
$2,394
|
Avg. monthly premium
$200
|
|
|
Avg. annual premium
$2,687
|
Avg. monthly premium
$224
|
|
|
Avg. annual premium
$1,285
|
Avg. monthly premium
$107
|
|
|
Avg. annual premium
$4,657
|
Avg. monthly premium
$388
|
|
|
Avg. annual premium
$989
|
Avg. monthly premium
$82
|
|
|
Avg. annual premium
$1,208
|
Avg. monthly premium
$101
|
|
|
Avg. annual premium
$2,160
|
Avg. monthly premium
$180
|
|
|
Avg. annual premium
$2,272
|
Avg. monthly premium
$189
|
|
|
Avg. annual premium
$2,898
|
Avg. monthly premium
$241
|
|
|
Avg. annual premium
$2,305
|
Avg. monthly premium
$192
|
|
|
Avg. annual premium
$3,725
|
Avg. monthly premium
$310
|
|
|
Avg. annual premium
$1,182
|
Avg. monthly premium
$98
|
|
|
Avg. annual premium
$794
|
Avg. monthly premium
$66
|
|
|
Avg. annual premium
$1,578
|
Avg. monthly premium
$131
|
|
|
Avg. annual premium
$1,443
|
Avg. monthly premium
$120
|
|
|
Avg. annual premium
$959
|
Avg. monthly premium
$80
|
|
|
Avg. annual premium
$1,162
|
Avg. monthly premium
$97
|
|
|
Avg. annual premium
$1,231
|
Avg. monthly premium
$103
|
|
|
Avg. annual premium
$1,363
|
Avg. monthly premium
$114
|
Other factors to consider when comparing home insurance quotes
Cost is usually the top priority for many shoppers when comparing home insurance quotes, but that is only one factor out of several that matter. From customer service to the ease of doing business, here are a few other factors to consider:
- Would you prefer a company with 24/7 customer service?
- Do you want to make policy changes independently from an agent?
- Are you more comfortable speaking to an agent in person, over the phone or via chat?
- If a claim were to arise, do you want to submit it through your carrier's app or over the phone?
- How much does customer service matter to you?
Researching companies can be a big undertaking, which is why we created Bankrate Scores. Our proprietary scoring system aims to provide a quick look at the quality of products and services that each home insurance company offers. On a scale of 0.0 to 5.0, Bankrate Scores reflect third-party ratings from companies like AM Best and J.D. Power, average premiums as provided by Quadrant Information Services, digital tool availability and more. Here’s how some of the biggest names in home insurance rank according to our Bankrate Scores:
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|---|---|
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4.7
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4.4
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4.3
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4.3
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4.2
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4.2
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4.2
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4.1
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3.6
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Home insurance coverage for other kinds of property
Depending on the type of home you have and how it’s used, there’s a specific type of property insurance policy you can purchase. These include:
- Renters insurance: If you rent your home, you won’t need to insure the structure of your home or its detached structures. Instead, renters insurance provides coverage for your personal belongings, as well as personal liability and some loss of use coverage.
- Landlord insurance: As a landlord, this type of policy will insure your property’s structure and provide liability coverage and cover loss of income if the home is uninhabitable due to a covered claim.
- Condominium insurance: As a condo owner, you’re responsible for the interior of your unit, instead of the entire building. This type of policy provides that, along with insurance for your belongings and personal liability.
- Mobile and manufactured homes: This type of property insurance is for mobile and manufactured homes, which comes with its own specific coverage. Importantly, most mobile and manufactured homes typically do not cover any damage while in transit.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze January 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage levels:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Additional profiles:
- Coverage A, Dwelling: $150,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $15,000, $35,000, $45,000, &75,000
- Coverage C, Personal Property: $75,000, $175,000, $225,000, $375,000
- Coverage D, Loss of Use: $30,000, $70,000, $90,000, $150,000
- Coverage E, Liability: $500,000
- Coverage F, Medical Payments: $1,000
Bankrate Scores
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Cost & ratings 50%
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Coverage & savings 30%
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Support 20%
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
