6 Best Homeowners Insurance Companies of 2022
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Finding the right homeowners insurance coverage is a critical investment after buying your house. Whether you live in an area with more natural disasters or you're worried about your belongings being stolen, a homeowners policy can give you peace of mind and protection from the financial burden that comes from unexpected events.
We researched, reviewed, rated, and compared 20 homeowners insurance providers nationwide to produce this list of the top six. You can read more about our process for scoring these home insurance providers at the bottom of this article.
To give you an idea of cost, we pulled quotes from each homeowners insurance provider on a 1,500-square-foot single-family home in Kempton, Pennsylvania. Keep in mind that actual rates will vary depending on a range of factors, including personal information, location, and property details, so we encourage you to compare quotes to find the best rate.
You can use this tool or call 855-948-5219 to get free homeowners insurance quotes on your property.
Top 6 Homeowners Insurance Providers
We determined that the following providers are the best home insurance companies based on our in-depth research and review:
Lemonade: Most Accessible
Travelers: Best Deductible Options
Progressive: Best for Bundling
State Farm: Best for New Homeowners
Geico: Best Customer Service
Chubb: Best for High-Value Homes
Lemonade: Most Accessible
We rated Lemonade the most accessible of our top home insurance companies for its extensive communication options for customers. In addition to one of the fastest quote and sign-up tools, Lemonade also has a thorough virtual claim-filing software on its user-friendly mobile app. As a bonus, the company has a philanthropic program that allows customers to choose a nonprofit to donate unclaimed insurance money to at the end of the year.
It takes as little as 90 seconds to enter all your information into the form and get a quote for a homeowners insurance policy. You can visit Lemonade's website to get started.
Lemonade Home Insurance Provider Overview
Yearly cost: $1,260
Discounts: Alarm systems, masonry structural frame type, gated community, and proximity to fire-fighting
Additional coverage options: Significant others (not married), swimming pools, and high value items including musical instruments and fine art
States available: 24 (including Washington, D.C.)
BBB rating: B+
Our score: 89.38
Get a quote: Visit website
Travelers: Best Deductible Options
Travelers home insurance policies give you the flexibility to alter pricing and coverage based on your precise needs. This insurer offers deductible options ranging from $1,000 to $50,000. Additionally, Travelers offers a plan that will lower your deductible by $100 for each year you keep your policy. Visit Travelers' site to get your free quote for a homeowners insurance premium.
Travelers Home Insurance Provider Overview
Yearly cost: $1,083
Discounts: Green home, multi-policy, new homebuyer for recent purchases, and alarm system discounts
Additional coverage options: Replacement cash value (RCV) options, identity theft, and water backup additional coverage
States available: 48 (not available in Florida or California)
BBB rating: A+
Our score: 94.25
Progressive: Best for Bundling
Progressive is known for its competitive multi-policy bundling discounts and comprehensive auto insurance policies, making it one of the best insurance companies for home and auto bundles. Homeowners who already have car insurance with Progressive can save on premiums and share a deductible on both policies with the company's same-deductible benefit.
Progressive Home Insurance Provider Overview
Yearly cost: $1,388
Discounts: Paperless billing, recent purchase, bundling, new construction or renovation, and advance payment discounts
Additional coverage options: Personal injury and water backup and sewage coverage
States available: 50
BBB rating: A+
Our score: 91.26
State Farm: Best for New Homeowners
State Farm tops our list of best home insurance companies with a score of 97.26 and is especially ideal for new homeowners. Its website demonstrates a commitment to educate its customers about homeowners policies, what they include, and how to file a claim. The online sign-up process guides you through what you might need for your home, and you can always easily connect with a local agent if you have any questions.
State Farm Home Insurance Provider Overview
Yearly cost: $1,086
Discounts: Impact-resistant roofing and siding materials, high deductible, alarm systems, claim-free history, and bundling discounts
Additional coverage options: Identity theft protection, home systems and service line repairs, and personal injury liability coverage
States available: 50
BBB rating: NR
Our score: 97.26
Geico: Best Customer Service
Geico is our pick for the best homeowners insurance company for customer service. The company's customer service team is available 24/7, and its user-friendly app helps policyholders get in touch with a local agent easily whenever they need to file a claim.
Geico Home Insurance Provider Overview
Yearly cost: $1,035
Discounts: Online purchase discount, multi-policy bundling with auto insurance, home security, and fire alert system discounts
Additional coverage options: Mold buyback, computers, earthquake insurance, identity theft, and high-value item coverage options
States available: 50
BBB rating: A+
Our score: 95.75
Chubb: Best for High-Value Homes
Although Chubb's house insurance policies are more expensive than others, its included coverage is among the most comprehensive on the market, above and beyond typical standard coverage policies. We think it's the best for homeowners with high-value properties. Policies include extended replacement cost coverage, complimentary appraisals, cash settlement options, and wildfire defense services that can send firefighters to your home during a disaster.
Getting a quote from Chubb is a bit more difficult than other top homeowners insurance companies, as you have to contact an agent directly and provide various personal information to make sure your property meets the requirements. To check prices and details from other providers in your area, you can get a free quote or call 855-948-5219.
Chubb Home Insurance Provider Overview
Yearly cost: Varies depending on selective factors
Discounts: Safety devices, no mortgage, gated community, backup generator, and new or recently renovated home discounts
Additional coverage options: Earthquake insurance, wildfire insurance, tree removal, landscaping, and computer virus recovery
States available: 50
BBB rating: A+
Our score: 88.76
Verdict & Recommendation
Selecting one of these top-rated home insurance companies for your home insurance policy doesn't have to add to the stress of buying a new house. The most important step is comparing companies for yourself. Get quotes for home insurance rates in your area by entering your ZIP code here or calling 855-948-5219.
Home Insurance Rating Methodology
The Home Service Research Team at Better Homes & Gardens strives to provide unbiased and objective reviews to readers by compiling relevant information on homeowners insurance companies and rating the insurers on a variety of factors.
Here's what our review process looks like:
We simulate the purchasing experience by obtaining quotes from each company, speaking with insurance agents and representatives over the phone, through email, and via online chat. We also use and analyze any available online quote tools.
We read hundreds of customer reviews on third-party review sites like the Better Business Bureau (BBB), Trustpilot, and Yelp to gain an understanding of overall customer satisfaction and pain points.
When secret shopping, we compare pricing, discounts, and offers across providers to get an overall sense of each company's typical costs and affordability relative to competitors.
We interview subject-matter experts to get a behind-the-curtain view of the industry, uncovering key details consumers need to understand in order to make the most informed purchasing decision.
We keep track of each company's policy offerings and reputation and regularly update information when needed.
To help compare each insurer, we also created a 100-point rating system to score companies based on the following criteria:
Frequently Asked Questions
Is homeowners insurance expensive?
Each provider's quotes will vary based on your needs and your location, among other factors. We always suggest comparing companies' costs during your decision-making process to make sure you get the best price. Many of the best house insurance companies also offer cheap renters insurance policies.
Does homeowners insurance cover theft?
Yes, homeowners insurance covers vandalism or theft of your personal belongings up to the personal property limit that is listed in your standard policy. If you need to file a claim after a break-in, you may be required to take photographs, so make sure to connect with your provider's claim center as soon as possible.
What are other homeowners insurance providers?
There are other popular insurers that didn't make this list but still scored very well in our review, including Liberty Mutual, Allstate, Farmers, and USAA. We included the six companies in this list based on the combination of their scores and unique offerings.
