Updated: December 26, 2024
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MoneyGeek also ranked companies at a local level if you want to find which company provides the best service in your state. Whether you're looking to insure a new or high-value home, want to find the best rates, or need a provider with flexible options, MoneyGeek's list can help you find the best homeowners insurance for your needs.
Auto-Owners Insurance is the best overall homeowners insurance provider, offering a balance of affordability and customer service with an annual premium of $2,060 for $250K in dwelling coverage and a MoneyGeek score of 97.
Chubb is the best and most affordable overall homeowners insurance provider, offering an annual premium of $991 for $100K in dwelling coverage and earning a MoneyGeek score of 99 out of 100, making it an excellent choice for those who value cost.
Chubb is the best homeowners insurance provider for those who value customer service, offering great quality service with an annual premium of $2,479 for $250K in dwelling coverage and a MoneyGeek score of 96 out of 100.
For those seeking flexibility in supplemental coverage, Allstate is the ideal home insurance provider. With 7 optional coverages, you can personalize your policy to safeguard your high-value possessions and other specific needs.
Auto-Owners Insurance is the best homeowners insurance provider for new homes, with an average annual premium of $1,342 for $250K in dwelling coverage and a MoneyGeek score of 89 out of 100.
USAA is the best homeowners insurance provider for military personnel, with an average annual premium of $2,097 for $250K in dwelling coverage and a MoneyGeek score of 92 out of 100.
Chubb is the best homeowners insurance provider for those with poor credit, with an average annual premium of $5,378 for $250K in dwelling coverage and a MoneyGeek score of 97 out of 100.
Why Trust MoneyGeek? We analyzed data from various Departments of Insurance across all 50 states and Quadrant Information Services to identify the best homeowners insurance options nationally.
Home insurance rates represent the latest quotes as of December 2024.
The overall best homeowners insurance company nationally is Auto-Owners Insurance, offering the best blend of affordability, customer satisfaction and financial stability. The average cost of a policy with Auto-Owners Insurance is $2,060 annually, covering $250K for dwelling, $125K for personal property and $200K for liability.
However, the best homeowners insurance for you ultimately depends on your coverage needs. Use the table below to see the best homeowners insurance companies based on your desired coverage level.
Ranking first nationally, Auto-Owners Insurance is the best homeowners insurance company with an average annual premium of $2,060 for $250K in dwelling coverage.
Auto-Owners Insurance offers a Responsible Payment discount for homeowners who have paid their premiums on time for the past 36 months. This can help reduce your premium. Additionally, the Mortgage-Free discount is available if you do not have a mortgage or line of credit on your home, providing further savings.
| Auto-Owners Insurance | 96 | $ 2,000 |
| Chubb | 94 | $ 2,473 |
| American Family | 88 | $ 1,921 |
| State Farm | 88 | $ 1,980 |
| Nationwide | 79 | $ 2,406 |
| Farmers | 72 | $ 2,279 |
| Allstate | 67 | $ 2,414 |
| Travelers | 45 | $ 6,194 |
Chubb ranks as the best and 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.
Keep in mind that these rates are averages and can change depending on your unique circumstances. It's important to get your own quote from at least three insurers to compare home insurance costs to find the best and most affordable homeowners insurance for you.
Chubb ranks as the cheapest home insurance provider nationally with an affordability score of 75 and an annual premium of $991 for $100K in dwelling coverage.
Homeowners can save more with Chubb through various discounts. Common discounts include Protective Device, which offers savings for installing security and fire protection devices. Additionally, the reasonably rare Claims Free discount rewards those insured with Chubb for at least three years without any claims.
| Chubb | $ 907 |
| State Farm | $ 985 |
| Chubb | $ 989 |
| State Farm | $ 992 |
| Chubb | $ 1,002 |
| Nationwide | $ 1,061 |
| State Farm | $ 1,071 |
| American Family | $ 1,131 |
| Farmers | $ 1,148 |
| American Family | $ 1,153 |
| State Farm | $ 1,165 |
| Chubb | $ 1,166 |
| American Family | $ 1,171 |
| Nationwide | $ 1,181 |
| Auto-Owners Insurance | $ 1,183 |
| American Family | $ 1,189 |
| Auto-Owners Insurance | $ 1,230 |
| Farmers | $ 1,233 |
| Nationwide | $ 1,237 |
| Farmers | $ 1,263 |
| Auto-Owners Insurance | $ 1,269 |
| Nationwide | $ 1,283 |
| Farmers | $ 1,332 |
| Auto-Owners Insurance | $ 1,333 |
| Allstate | $ 1,342 |
| Allstate | $ 1,431 |
| Allstate | $ 1,515 |
| Allstate | $ 1,677 |
| Travelers | $ 3,577 |
| Travelers | $ 3,773 |
| Travelers | $ 3,979 |
| Travelers | $ 4,205 |
Chubb is the leading provider for homeowners who value customer service over affordability, known nationally for its service quality. The average cost of a policy with Chubb is $2,479 annually, covering $250K for dwelling.
Valuing service quality in a provider is crucial for dependable support and efficient claims handling. Imagine the peace of mind knowing you have a reliable provider when you need assistance after a tree falls on your home. If you value customer service over cost, use the table below to find the best provider for you based on dwelling coverage.
Chubb ranks first in customer satisfaction for home insurance, with an annual premium of $2,479 for $250K in dwelling coverage. Chubb offers additional coverage options for homeowners needing extra protection. Common coverage includes Water Back-Up of Sewer or Drain, which covers water back up of interior sewers and drains up to policy limits. A reasonably rare coverage is Cash Settlement, providing a cash payout up to your policy limit if you choose not to rebuild after a total loss.
| Chubb | 96 | $ 978 |
| Auto-Owners Insurance | 93 | $ 1,209 |
| American Family | 75 | $ 1,159 |
| State Farm | 70 | $ 1,043 |
| Nationwide | 65 | $ 1,235 |
| Travelers | 58 | $ 3,930 |
| Farmers | 46 | $ 1,250 |
| Allstate | 35 | $ 1,498 |
If you’re looking for a range of supplemental coverage options, Allstate is the best home insurance provider for you. Offering 7 optional coverages, Allstate lets you tailor your policy to your unique needs, such as protection for high value items.
When you can tailor your insurance, you can get peace of mind knowing you’re safeguarded against potential threats specific to your circumstances.
With an average premium of $2,435 annually for $250K in dwelling coverage, Allstate is the best home insurance for those looking for various additional coverages.
For instance, Allstate’s Energy Efficiency Upgrade covers the extra cost of replacing damaged items with energy-efficient ones, while its Home Business Property coverage increases limits for business-related items stored at home.
Coverage | Description |
|---|---|
Cyber Event / ID Theft | Protects against identity theft by covering legal fees, lost wages, and costs to recover lost data like photos or videos. |
Back-Up Of Sewer Or Drain | Covers damage from a drain backup or a broken sump pump, protecting your home from water damage. |
Home Business Property | Increases limits for business-related items stored in your home, such as your inventory. |
Scheduled Personal Property | Covers the cost of more valuable and appraised items such as jewelry, sports equipment, art and more. |
Energy Efficiency Upgrade | Pays for the additional cost of replacing damaged or destroyed covered items with more energy-efficient items. |
Yard and Garden | Increases the limits for the cost of items like trees, landscaping and riding lawn mowers. |
Home Rental | Allstate HostAdvantage® offers dditional protection for your belongings while you're renting out your home. |
Auto-Owners Insurance is the best homeowners insurance provider for those with newly-built homes nationally, combining affordability, customer satisfaction and financial stability. The average policy cost is $1,342 annually, covering $250K for dwelling, $125K for personal property, and $200K for liability, offering comprehensive coverage.
Typically, newer homes are cheaper to insure because they are less likely to have issues such as outdated wiring or plumbing. To find the best homeowners insurance company for new homes based on your specific coverage needs, use the table below for tailored recommendations.
Auto-Owners Insurance is the best homeowners insurance for those with newly-constructed homes, ranking 1st in Coverage Options and Financial Stability. For $250K in dwelling coverage, Auto-Owners Insurance charges an average of $1,342 annually.
New homeowners can benefit from the Responsible Payment discount, which rewards those who have paid their premiums on time for the past 36 months. Additionally, the Mortgage-Free discount offers savings for homeowners without a mortgage or line of credit, making it easier to manage your finances.
| Auto-Owners Insurance | 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 is the best home insurance provider for military families, ranking first in customer satisfaction and financial stability. The average policy cost for $250K in dwelling coverage is $2,097.
The best homeowners insurance company for veterans understands their unique needs, including frequent relocations and the potential for deployment, ensuring the protection of their homes and belongings under all circumstances.
USAA is the top choice for military members seeking homeowners insurance, exclusively providing policies to those in the military, veterans and their family members With an average annual premium of $2,097 for $250K in dwelling coverage, it offers both value and quality for veterans and active-duty personnel.
USAA enhances your coverage with personal property replacement coverage, which can replace your things without considering depreciation if they get lost or damaged after a covered peril.
For homeowners with poor credit, Chubb is the best homeowners insurance company, offering a policy with $250K in dwelling coverage at an average of $5,378 annually to those with poor credit.
Credit scores are typically used by insurers to determine your premiums, except in states like California, Hawaii, Massachusetts and Maryland, and the poorer your credit, the more likely your premiums will be higher. Because of this, it's important to maintain a good credit score and shop around between providers to find the best homeowners insurance providers for you.
If you have poor credit, Chubb stands out as the best choice, with an average annual premium of $5,378 for $250K in dwelling coverage.
Chubb also offers numerous ways to save that are easy to qualify for. For instance, setting up bundling or having protective devices installed in your home can get you a discount. Being claims-free or continuously insured for at least three years with Chubb can also qualify you for savings.
| Chubb | 98 | $ 1,717 |
| American Family | 88 | $ 1,626 |
| State Farm | 87 | $ 1,939 |
| Nationwide | 83 | $ 1,621 |
| Farmers | 73 | $ 2,240 |
| Auto-Owners Insurance | 68 | $ 8,727 |
| Allstate | 68 | $ 2,410 |
| Travelers | 45 | $ #,### |
In states like California, Maryland, Hawaii and Massachusetts, home insurance providers are legally not allowed to take your credit score into account when determining your premiums.
The national average cost of home insurance is $2,604 annually, but rates can vary significantly by state due to factors like dwelling coverage — the cost to repair your home’s structure — and location. For instance, in Florida, State Farm is the best provider with an average annual premium of $5,185, while in New Jersey, the best provider is Chubb with a premium of $891.
MoneyGeek rated the best homeowners insurance companies based on insurance costs and customer service reputations within that state. The companies that ranked as the best in the most states include:
This analysis excludes USAA because of its eligibility requirements. Homeowners who have a military background should look into USAA, which consistently rates as one of the best home insurance companies across the country for members of the military community.
In all, MoneyGeek found that 10 different companies rank as the best insurance company in at least one state. Find your state below and use our resources to learn more about the top homeowners insurance companies where you live.
Below are the best homeowners insurance providers by state for $250K in dwelling coverage.
| Auto-Owners Insurance | 100 | $ 3,313 |
There are many factors you should consider when choosing an insurance company. This includes:
Some of these things may be more important to you than others, so consider your priorities and research which companies offer the best coverage for your situation.
All areas of the U.S. are at risk of flooding, and 90% of natural disasters involve flooding, according to the Insurance Information Institute. Flood insurance is not typically included in a standard home insurance policy. Homeowners can purchase a flood policy through the federally-backed National Flood Insurance Program or dozens of private flood insurers. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
A lot of factors should be taken into account when choosing a home insurance company. The following are some of the most common questions shoppers have about home insurance policies.
Rates for homeowners insurance are determined based on various factors, which means that you and your neighbor could have identical houses but still pay different premiums to insure your property. The factors insurers use to determine your premium include your location, the age and construction cost of your property, your coverage limits, your claim history and your credit score.
Since many factors go into determining your insurance rate (claims history, deductible level, roof condition, etc.), home insurance costs can vary significantly. The average rate of top home insurance companies in MoneyGeek’s study is $1,973 per year. You should compare insurance quotes from at least three companies before making a purchase to guarantee you are getting the best possible rate.
About Rachael Brennan
Rachael Brennan is a professional freelance writer. She has been published on a number of websites, including Adweek, Glamour and Cracked. She has also worked in the insurance industry for more than a decade, earning her P&C license in all 50 states and her Life, Health and AD&D license in New York and the surrounding states.
