Best Home Insurance Companies

A good home insurance company should offer a variety of coverage options and add-ons with the best prices to suit your unique situation. Best Home Insurance Companies have a strong reputation for customer service. The average cost of homeowners insurance is around $100 a month, but it can vary widely depending on your dwelling and location. In addition to rate, coverage type and policy size are factors that may affect your premium. Best Home Insurance Companies offer some important coverage areas:

1. Dwelling
2. Other structures
3. Personal property loss of use, liability
4. Medical payments to others
5. Protection against water damage
6. Cybersecurity threats
7. Kidnapping.

The best home insurance companies offer various coverage options, including extras that you may not find at other insurers. Some of the best include guaranteed replacement cost coverage, which pays to rebuild your home even if it’s damaged beyond its dwelling limit.

Many homeowners insurance companies spend millions of dollars in advertising to attract customers. But which one offers the best value and service?

Top Home Insurance Companies

Homeowners’ insurance pays to repair or rebuild a homeowner’s home and replace their possessions in case of damage, theft, or vandalism. In addition to coverage for standard perils, some policies may also cover additional losses like medical payments and liability.

Choosing the best home insurance company is important, as it protects one of the largest investments you will ever make. Before you decide, it’s a good idea to consider your priorities, such as how much coverage you need and what features will be most useful for your family. To help, we’ve compiled this list of the best home insurance companies in the U.S:

1. USAA is a top-ranked company with nationwide availability and excellent customer satisfaction ratings. Its low rates and large market share make it a go-to choice for many policyholders.
2. GEICO is another top-rated home insurer, with standard coverage backed by an extensive network of additional products. It’s also popular among survey respondents due to its high satisfaction rating. Depending on your unique situation, you might need more coverage than a standard policy provides. That’s where endorsements or add-ons can help.
3. Chubb has an unusual benefit for homeowners: guaranteed replacement cost coverage, which pays to rebuild your home if it’s damaged or destroyed by a covered event. You’ll also get replacement value for your belongings — instead of the depreciated value a typical policy provides.
4. Travelers is the oldest insurance company on this list, with more than 160 years of experience. The Los Angeles, California-based company offers a wide variety of options for homeowners and other insurance needs.
5. State Farm offers a wide array of home insurance policies and is the biggest insurer in the country by market share. It offers discounts for bundling, early shopping, and paperless billing, as well as a few other discounts for homeowners who take steps to reduce their risk. Its website is also transparent and easy to navigate, and claims are generally processed quickly.
6. Nationwide is a big name in the insurance industry and offers a wide range of discounts, many of which can help you save money on your homeowners’ insurance. Its auto and home bundling discount is one of the largest in the industry, at 22%, which could significantly lower your rates.
7. NJM’s streamlined online experience makes managing your home insurance policy easy. You can also take advantage of discounts for nonsmokers and people 65 or older, and there are several ways to personalize your coverage.