The Cheapest Home Insurance Companies in 2025

State Farm offers the cheapest home insurance policies at an average of $85 per month — but rates can differ based on location, coverage and your home's age. By comparing quotes from different providers, however, you might be able to save on your monthly bill.

To help you find the best and cheapest home insurance, MoneyGeek studied average premiums for various dwelling coverage levels and individual home insurance needs. Remember, insurance rates can vary by company, state, coverage level and more, so it's important to determine the ideal policy for your needs and compare quotes from there.

The cheapest home insurance provider nationally is Chubb, charging an average of $989 annually for $100K in dwelling coverage. This is followed by State Farm and American Family.

• Chubb ($82 per month or $989 per year)
• State Farm ($88 per month or $1,061 per year)
• American Family ($97 per month or $1,163 per year)

The cheapest for you also depends on your needs, as rates can change significantly based on your desired dwelling coverage. Dwelling coverage is what pays to repair or rebuild your home due to a covered loss, and higher limits typically means higher costs.

Use the table below to see the cheapest providers based on your desired dwelling coverage limits.

The cheapest home insurance rates can vary widely by state and city. For instance, in Hawaii, DB Insurance has the lowest premiums at an average of $200 per year, while in Nebraska, American Family has the most affordable premiums at $2,063 per year.

Explore the cheapest options in your state using the table below.

The most affordable home insurance provider can also vary widely even within the same state. In New York, for example, State Farm is the cheapest in New York city, while Main Street America Insurance is considered the cheapest in four other New York cities.

Filter the table below to see the city rates in your state based on our available data.

American Family is the cheapest home insurance provider if you have a poor credit score, which ranges around 300 to 629. Typically, credit scores affect your home insurance premiums because they are used to predict the likelihood of a claim, with lower scores often leading to higher rates due to perceived risk. However, states like California, Massachusetts, Maryland and Hawaii prohibit insurers from using credit scores to determine premiums.

Finding affordable home insurance depends greatly on your individual situation, as premiums can fluctuate significantly based on various factors, including your credit history. Since homeowners with poor credit may face higher rates, identifying potential discounts and competitive providers becomes crucial.

Use the table below to discover the most budget-friendly options for your unique needs.

Qualifying for common home insurance discounts can help you lower your premium and make coverage more affordable. By understanding and leveraging these discounts, you can maximize your insurance savings while ensuring your home remains well protected.

Lowering your home insurance premiums doesn’t have to be complicated. By exploring simple strategies like comparing quotes, taking advantage of discounts and maintaining a claims-free history, you can keep your costs down while still protecting your home. Here are some practical ways to save money on your homeowners insurance.

While home insurance costs vary, there are ways to lower your premiums and make coverage more affordable. From choosing a higher deductible to improving your credit score, simple actions can lead to significant savings. Many people still have questions about buying insurance, so we've answered some of the most frequently asked questions about home insurance.