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The best homeowners insurance companies in 2022

Amica, State Farm, Hippo, and Allstate topped our list of the best home insurance companies of the year.

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Our picks for the best home insurance companies take into consideration each insurer’s financial ratings, customer service and claims satisfaction ratings, coverage options, and average premiums according to Policygenius data. 

When comparing rates, keep in mind that the national average for home insurance premiums is $1,249 per year, according to the National Association of Insurance Commissioners. [1] You can check out our full methodology below.

Still not sure which company is right for you? Let Policygenius do the work for you. Our team of insurance experts will compare policies and let you know which company offers you the most bang for your buck.

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Best for cheap rates: Acuity

Acuity

4

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Acuity logo

Best for cheap rates

With competitive rates and several discount opportunities, Acuity could be a smart choice for homeowners on a budget. Just make sure it’s available in your state.

Pros

  • Low rates on par with the national average — roughly $1,257 per year

  • Offers guaranteed replacement cost coverage — meaning it’ll pay to repair your home regardless of the cost

  • Score discounts for owning a new or mature home, paying your yearly premium in full, bundling your home and auto, and more

Cons

  • Only available in 29 states throughout the West and Midwest

Acuity offers homeowners insurance in 29 states throughout the West and Midwest at rates on par with the national average — something we can’t say for a lot of the other companies on this list.

It helps that you can score a slew of discounts with Acuity, including ones for new or mature homes, paying your annual premiums up front, bundling your home and auto coverage, and more.

Best for first-time homebuyers: Allstate

Allstate

3.9

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Allstate logo

Best for first-time homebuyers

Allstate offers a slew of discounts — including one for new homebuyers — but you’ll be on the hook for higher-than-average premiums.

Pros

  • 8+ discounts, including autopay, bundling, zero claims, new homebuyer, and more

  • File and track claims online or through its mobile app

  • Available in all 50 states, plus Washington, D.C.

Cons

  • Rates are 35% higher than the national average — roughly $1,680 per year

Allstate is in a league of its own when it comes to home insurance policies for first-time homebuyers. You’ll receive a new homebuyer discount, even if it’s not a new construction.

Two other standout perks for new homebuyers:

Best for customer satisfaction: Amica

Amica

4.2

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Amica logo

Best for Customer Satisfaction

Amica’s customer service and claims process are unrivaled by competitors, but you’ll pay for it — with rates 55% higher on average.

Pros

  • File and track claims online or through its mobile app

  • Dividend program refunds some of your policy payments at the end of the year

  • Contractor referral program helps you find a certified contractor for repairs after you file a claim

  • Available nationwide, except Hawaii

Cons

  • Rates are 55% higher than the national average — roughly $1,939 per year

  • Special coverage perks aren’t available nationwide

  • Doesn’t offer guaranteed replacement cost dwelling coverage

Read our full Amica review

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Amica took home the top spot in J.D. Power’s 2021 Home Insurance Study, scoring a perfect 5 out of 5 in four key categories: 

  • Coverage options

  • Clarity and accuracy of the billing process

  • Customer interactions

  • Claims experience

While Amica can be pricier than competitors, it may be worth the added expense when you consider the superior level of coverage and customer service you’re receiving.

Best for easy claims filing: State Farm

State Farm

4

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

State Farm logo

Best for easy claims filing

State Farm’s customer satisfaction and financial strength ratings are through the roof — but you won’t find as many discount opportunities as other insurers.

Pros

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

  • Available in all 50 states, plus Washington, D.C.

Cons

  • Rates are 20% higher than the national average — roughly $1,500 per year

  • No discounts for first-time homebuyers or going a year without a claim

State Farm makes filing a claim easy-peasy, with a few different options to choose from:

  • Calling the State Farm claims division

  • Online

  • Through its mobile app

Have questions? No worries! Its robust online information center and mobile app walk you through the entire claims process. And customers agree: State Farm scores high marks for customer satisfaction ratings from J.D. Power and the NAIC complaint index.

Best for techies: Hippo

Hippo

4

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Hippo logo

Best for Techies

Hippo is paving the way with budget-friendly home insurance policies that offer discounts for tech-savvy homes. The only downside? You can’t file claims online.

Pros

  • Rates are only a tad higher than the national average — roughly $1,499 per year

  • Free smart home monitoring system with the purchase of a qualifying policy

  • Even its most basic policies offer coverage and features that rival higher-tier policies with other insurers

Cons

  • Can’t file claims online — it must be done over the phone

  • Not available nationwide

Read our full Hippo review

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While new to the home insurance game, Hippo is making moves when it comes to offering robust coverage at competitive prices for tech-minded homeowners. 

Hippo offers four times higher coverage limits for computers and home office electronics than most of its competitors. And you can add on full replacement cost coverage for an additional fee to triple-check all of your TVs, sound bars, and smart home equipment are covered. 

Oh, and did we mention qualifying customers get a free smart home monitoring kit that can alert you to things like water damage, break-ins, and fires? :heart eyes emoji:

Best for bundling home and auto: Encompass

Encompass

4.1

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Encompass logo

Best for Bundling Home and Auto

Encompass offers up to a whopping 35% discount for bundling your home and auto policies. But keep in mind its premiums are nearly double the national average.

Pros

  • Score up to 35% off your premiums by bundling your home and auto insurance

  • Offers coverage add-ons for boats, home businesses, water backup, landscaping, mortgage rate protection, and more

  • Accepts homes with ALL dog breeds — rare for insurance companies

Cons

  • Rates are almost double the national average — roughly $2,420 per year

  • Not available nationwide

Kill two birds with one stone by bundling your home and auto insurance with Encompass. It offers a unique bundling incentive that lets you pay one insurance premium for both policies. 

Even better? You’ll only have to pay one deductible for losses to your home and car, all while saving up to 35% on your premiums.

Best for comprehensive coverage: Safeco

Safeco

3.6

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Safeco logo

Best for Comprehensive Coverage

Safeco offers four unique policy tiers so you can find the exact level of coverage that’s right for you. Just keep in mind it doesn’t have the best customer service ratings.

Pros

  • Offers equipment breakdown coverage to replace broken appliances for just $2 a month

  • File claims online or over the phone

  • Get property damage claims estimates through video chat

Cons

  • Rates are 35% higher than the national average — roughly $1,683 per year

  • Less-than-stellar customer service ratings

  • No unique discounts for green or tech-savvy homes

A big advantage of insuring your home with Safeco is that it offers guaranteed replacement cost coverage in most states. This means if your home is damaged, you’ll be reimbursed for the full rebuild amount — regardless of how much construction prices spike in the wake of a disaster.

Oh, and let’s not forget its guaranteed repair network that gives you access to pre-qualified experts to help repair your home after you file a claim. Plus, using one of SafeCo’s recs includes a guaranteed materials and labor warranty — talk about a win-win.

Best for green homes: Travelers

Travelers

3.8

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

Travelers logo

Best for Green Homes

Travelers shines thanks to its four comprehensive coverage packages and extra add-ons specifically for green homes. But its rates aren’t the lowest out there.

Pros

  • Offers green home coverage and discounts

  • Protect expensive family heirlooms and appliances with equipment breakdown, guaranteed replacement cost, or personal articles coverage

  • Add on extended replacement cost or water backup coverage for an additional fee

  • File claims online — plus, Travelers has special catastrophe centers for claims after a natural disaster

Cons

  • Rates are 24% higher than the national average — roughly $1,554 per year

  • Subpar customer service and claims satisfaction ratings from J.D. Power

  • Not available nationwide

Travelers’ green home coverage add-on gives you extra protection to repair, replace, or rebuild your house with designated green materials after a covered loss. 

And if you’re looking to reduce your carbon footprint before filing a claim, Travelers also offers a green home discount of up to 5% on your premiums if your home has a Leadership in Energy and Environmental Design (LEED) certification.

Best for military families: USAA

USAA

4.3

Policygenius rating

How we score: Policygenius’ ratings are determined by our editorial team. Our methodology takes multiple factors into account, including pricing, financial ratings, quality of customer service, and other product-specific features.

USAA  logo

Best for Military Families

USAA is a solid choice for military families looking for both homeowners insurance and a new home security system — its partnership with ADT means you’ll save on both. But watch out for higher-than-average premiums.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Offers earthquake coverage — which is hard to come by 

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

Cons

  • Rates are 69% higher than the national average — roughly $2,112 per year

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

  • Only available to military families

Read our full USAA review

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USAA offers insurance coverage solely to current members of the military, veterans, and their families. It’s consistently rated at the top of its class for claims satisfaction and customer service. And if home security is important to you, it offers discounted home security systems as well as premium discounts thanks to its partnership with ADT. 

Another perk? If your uniform is damaged or stolen and you’re on active duty or deployed, USAA will cover the cost without you having to pay a deductible.

How the competition stacks up

Our top picks aren’t the only game in town. Here’s our complete list of the top home insurance companies of 2022 and how they compare in terms of financial ratings, cost, consumer confidence, customer satisfaction ratings, and coverage options.

CompanyPolicygenius rating (out of 5)Average annual cost
USAA4.3$2,112
Amica4.2$2,004
Encompass4.1$2,420
Hippo4$1,499
Chubb4$5,556
Acuity4$1,260
Plymouth Rock4$1,165
State Farm4$1,500
Allstate3.9$1,680
Travelers3.8$1,554
Nationwide3.8$1,736
Stillwater3.8$1,589
Swyfft3.8$1,296
Farmers3.7$1,476
Tower Hill3.7$1,787
State Auto3.7$1,803
Safeco3.6$1,683
Mercury3.6$1,925
AIG3.5$3,564
Erie3.4$1,908
Progressive3.4$1,706
GEICO3.2$1,740
MetLife3.2$2,467

→ Check out the 10 largest home insurance companies on the market

How to compare homeowners insurance companies

Not all home insurance companies are created equal. Follow these steps to compare your options and find a policy that’s a perfect fit for your home coverage needs. 

  1. Decide what’s most important to you. Are you most concerned with low premiums? Extensive coverage? Ease of filing claims? Figuring out what’s most important to you first will help you find a company that best meets your needs.

  2. Nail down how much coverage you need. Do you need specific add-ons, like flood insurance or earthquake coverage? Knowing what types of coverage you’ll need can help you weed out insurers that don’t fit the bill.

  3. Get quotes from a few companies using Policygenius’s online tool. Our insurance experts will do all of the work for you — you simply need to enter some basic information about yourself and your home to get online quotes in just minutes!

  4. Check customer service and complaint ratings for each company. Once you have your quotes, check the customer service and complaints ratings for each company. You can do this by reading our detailed reviews of popular home insurance companies.

  5. Read up on the claims filing process. Can you file claims online or through a mobile app? Or do you have to call to speak with a representative? If you prefer one or the other, make sure you read up on the filing process to find a company that works for you.

  6. Scope out discounts or opportunities to save. Dig into what discounts are available through each of the companies you received quotes from to maximize your savings. You might be able to score a discount for bundling your home and auto policies, buying a new home, going years with no claims, and more.

Feel overwhelmed? Have no idea how much coverage you need? Do. not. stress.

Our team of expert agents at Policygenius will walk you through this entire process — helping you nail down the best coverage limits, discounts, and more.

Frequently asked questions

What is homeowners insurance?

Homeowners insurance provides coverage to repair or rebuild your home in case something bad happens, like a fire, break-in, or weather disaster. Most policies also offer coverage for your furniture, clothing, and other belongings.

What does homeowners insurance cover?

Most standard homeowners insurance policies cover to repair or replace your home and personal belongings that are damaged due to fire, vandalism, lightning, wind, or hail. However, you’ll need separate insurance policies for damage due to earthquakes or flooding caused by heavy rain, hurricanes, or tornadoes.

What company has the best homeowners insurance?

It all depends on your unique needs. In general, the best home insurance policy for you should be affordable, cover the right amount for your home and possessions, and match your circumstances, whether you’re a first-time homebuyer or live in a high-risk disaster area. Comparing quotes from several companies side by side can help you find the best fit for you.

What company is best for bundling home and auto insurance?

Encompass topped our list of the best insurance company for bundling home and auto thanks to its hefty 35% discount. Check out our list of bundling discounts by insurance company for a deeper dive into how much you stand to save.

What company has the cheapest homeowners insurance?

Acuity won our category for cheapest homeowners insurance thanks to its average annual premium of $1,257. However, the cheapest company for you will depend on factors like your deductible, coverage amount, add-ons, discounts you qualify for, and more.

→Read more about the cheapest homeowners insurance in 2021

What insurance company is best for high-value homes?

Chubb and AIG top our list of the best homeowners insurance companies for high-value homes thanks to their robust coverage packages that offer extra protection for high-value homes with expensive property.

Methodology: How we evaluated the best homeowners insurance companies

The insurance experts at Policygenius analyzed data from Policygenius quotes, the National Association of Insurance Commissioners, AM Best, S&P, and third-party review sites across nearly 30 insurance carriers to compile our list of the best homeowners insurance companies.

We focused on data across five key areas and weighted each category to correspond with the importance homeowners place on each when choosing a policy:

  • Rates (30%)

  • Customer experience (25%)

  • Policy options (25%)

  • Third-party reviews (10%)

  • Financial confidence (10%)

Rates (30%)

We analyzed actual quotes from Policygenius homeowners insurance sales agents across all 50 states to determine the average rate for customers across different carriers. 

We then scored each company based on the following 10-point scale:

  • 125% above average rates: 1

  • 100% above average rates: 2

  • 75% above average rates: 3

  • 50% above average rates: 4

  • 25% above average rates: 5

  • 10% above average rates: 6

  • Average rates: 7

  • 10% below average rates: 8

  • 15% below average rates: 9

  • 20% below average rates: 10 

We put the highest weight on this category since customer research showed this is the most important factor they look at when choosing a policy.

Customer experience (25%)

To determine a company’s score for customer experience, we gave each company 1 point for every option available — maxing out at 10 points:

  • Online application

  • Online bill pay

  • Online quote tool

  • Online estimator

  • Online forms

  • Online claims filing

  • Online policy management

  • Electronic policy delivery

  • Mobile app

  • Clarity of policy offerings

  • FAQs, blog, or online educational resources

We also considered what types of customer service options were available. Every company received 2 points for every option available from this list:

  • Live chat

  • Email

  • Phone

  • 24/7 customer service

  • Financial advisor or broker assistance

Policy options (25%)

The majority of homeowners insurance companies offer coverage options across six main areas:

  • Dwelling

  • Other structures

  • Personal property

  • Additional living expenses

  • Personal liability

  • Medical payments

We gave each company 5 points for offering all six of the above coverage options. Any additional coverage options offered earned the company 1 additional point for each.

Third-party reviews (10%)

To rank companies based on third-party reviews, we dug into the NAIC consumer complaint index and determined scores based on the following 7-point scale:

  • Not enough complaints to count: 0

  • 300% above average number of complaints: 1

  • 250% above average number of complaints: 2

  • 150% above average number of complaints: 3

  • Average number of complaints: 5

  • Below average number of complaints: 6

  • No complaints at all: 7

We also looked at customer satisfaction scores from third-party review sites including Consumer Affairs, Consumer Advocate, and Trustpilot. We multiplied the Consumer Affairs and Consumer Advocate scores by 2 since they’re originally based on a 5-point rating scale. We left Trustpilot scores as is since they’re based on a 10-point rating scale.

We weighted the NAIC consumer complaint index score more heavily since this data is more reliable than those other third-party review sites.

Financial confidence (10%)

We looked at financial strength ratings available through AM Best, Moody’s, and S&P to determine the financial stability of each company and how likely they are to have the money to pay out claims. 

Insurers with the highest possible rating for each earned 10 points. A rating any lower than that decreased by 0.5 points based on the company’s own rating scale.


Once we determined each company’s Policygenius score, our team of insurance experts analyzed the list to choose the best options for first-time homebuyers, green or tech-friendly homes, cheap rates, and more. 

Policygenius prides itself on providing transparent, unbiased reviews of home insurance companies. Though we make money when you purchase a policy through our site, this does not affect our editorial independence and rigorous editorial standards. 

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