Best high-risk homeowners insurance companies in 2022

Allstate, AIG, and Progressive topped our list of the best high-risk home insurance companies in 2022.

Pat Howard 1600

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Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

Updated|4 min read

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Homeowners insurance helps cover everything from repair costs to medical bills if your house is damaged or if you’re held liable for a guest’s injury on your property. But if your house faces a heightened risk of damage or loss, your insurance company may consider your home to be “high risk” and either charge you more or deny you coverage.

Policygenius looked at some of the largest home insurance providers in the U.S. to find out which ones offered the best homeowners insurance for high-risk homes in 2022. We analyzed each company’s policy cost, availability, and acceptance of certain high-risk features, including homes with older roofs or a history of prior claims

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Best high-risk home insurance companies 

Here are our picks for the best high-risk home insurance companies in 2022.

  • Allstate: Best overall company

  • AIG: Best company for high net-worth homeowners

  • Progressive: Best company for bundling

To come up with our top picks, our team of licensed home insurance experts compared costs from several companies for a sample property with various features that make it high risk. In addition to cost, we also analyzed internal company data to see what risks each company was willing to cover, as well as state availability and other factors.

You can check out our full methodology below.

Allstate: Best overall company

Allstate

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

Allstate stands out for its willingness to cover a variety of high-risk features, including dangerous dog breeds, homes over 100 years old, and more, making them our top pick for best high-risk homeowners insurance company of 2022.

  • Average high-risk home insurance rate: $1,791

  • Notable risk features accepted: Dangerous dog breeds, log homes, homes over 100 years old, homesharing, homes with flat or wood roofs

  • Number of states where its available: 51

  • How to get a quote: Online through Policygenius or Allstate

Get quotes

→ Read our full Allstate homeowners insurance review

AIG: Best company for high net-worth homeowners

AIG

8.9

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.

AIG logo

AIG provides affordable and comprehensive coverage for most type of high-risk property features in as many as 48 states. High net-worth homeowners in coastal or wildfire areas should look no further than AIG.

  • Average high-risk home insurance rate: $1,337

  • Notable risk features accepted: Dangerous dog breeds, log homes, homes over 100 years old, homes with flat or wood roofs

  • Number of states where its available: 48

  • How to get a quote: Online through Policygenius or AIG

Get quotes

→ Read our full AIG homeowners insurance review

Progressive: Best company for bundling

Progressive

7.2

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.

Progressive logo

While high-risk homes can be expensive to insure, Progressive gives customers plenty of ways to lower costs, including up to 30% off if you bundle your home and car insurance.

  • Average high-risk home insurance rate: $1,917

  • Notable risk features accepted: Dangerous dog breeds, homes over 100 years old, homesharing

  • Number of states where its available: 51

  • How to get a quote: Online through Policygenius or Progressive

Get quotes

→ Read our full Progressive homeowners insurance review

Compare rates and shop affordable home insurance today

We don't sell your information to third parties.

Comparing high-risk homeowners insurance rates

Looking at the 25 largest home insurance companies in the U.S. by market share, we analyzed each company’s average home insurance rate for different high-risk features — including a house with 3+ claims or a policyholder with poor credit — for a 40-year-old female homeowner with $300,000 in dwelling coverage, $300,000 in personal liability coverage, and a $1,000 policy deductible. 

As you can see in the table below, certain home insurance companies offer more affordable rates than others when it comes to insuring high-risk properties. National General, for example, has the cheapest average home insurance premiums for a house with multiple past claims, while State Auto offers the most affordable coverage for a home with an in-ground pool. 

What is high-risk homeowners insurance & when do you need it?

After applying for homeowners insurance, the insurance company will look at multiple factors to determine your rates or whether you’re worth insuring. Factors including the age of your house, its location, and personal factors like your credit score or loss history make up your overall risk profile. If your risk profile points to a high probability of future losses or claims, you’ll likely be considered high risk. 

If any of the following factors apply to you or your home, insurance companies will likely consider you to be high risk.

Factors that make you high risk

  • Multiple claims

  • Poor credit

  • Aggressive pets

  • Home-based businesses

  • Criminal record

Factors that make your home high risk

  • Age of home

  • Structural issues

  • Location

  • Age of roof

  • Home is vacant or unoccupied

I’m a high-risk homeowner — how do I get home insurance?

If you suspect you or your home’s risk is making it harder to get homeowners insurance, you’ll first want to find out why. The reason might be something small like trimming tree branches or clearing your property of dry brush (something that’s important in wildfire states); or something big like replacing your roof or improving your credit score. Once you narrow down why you’re considered high risk, it will make it easier for you to solve the problem and get the coverage you need. 

To find high-risk homeowners insurance, consider taking the following steps:

  • Talk to your neighbors. If you live in a high-risk area, like a hurricane-prone coastal community, there’s a good chance one of your neighbors had a similar experience. Consider talking to neighbors or a local insurance agent in the area to find out what companies offer coverage.

  • Look into excess & surplus insurance. Surplus carriers specialize in coverage for high-risk homes that are rejected by standard homeowners insurance companies. Just keep in mind these policies are typically more expensive. 

  • Contact your state’s insurance department. They might offer last-resort home insurance advice or options that you may qualify for, like a FAIR Plan.

FAIR Plans: What high-risk homeowners need to know

A FAIR Plan is last-resort home insurance for homeowners struggling to qualify for coverage through a regular insurance company. To qualify for a FAIR Plan, most states expect you to exhaust all other options, and may evenrequire proof that you’ve been denied homeowners insurance at least three times.

However, FAIR Plans don’t offer as much coverage and they generally cost more than standard homeowners insurance. But if you’re a high-risk homeowner in need of a policy, a FAIR Plan is a solid temporary option.

→ Learn more about FAIR Plans

What states do insurers consider high risk for homeowners insurance?

Insurance companies consider states along the Atlantic and Gulf Coasts the most high risk due to the high probability of hurricane and windstorm damage. In fact, some insurers may only offer policies with wind and hail exclusions due to the outsized risk in certain areas. 

If you live in any of the following states, you may need to purchase separate windstorm insurance (sold as Beach and Windstorm Plans) via your state’s FAIR Plan. 

7 Atlantic and Gulf Coast states with special Beach and Windstorm Plans

  • Alabama 

  • Florida

  • Mississippi

  • New York

  • North Carolina

  • South Carolina

  • Texas

→ Learn more about coastal home insurance

Insurance companies may also deny you coverage if your home is in an area prone to wildfires, particularly in hazardous areas of California. Like most states, California has a FAIR Plan of its own that can fill in any coverage gaps you may have.

Compare rates and shop affordable home insurance today

We don't sell your information to third parties.

Frequently asked questions

What does high risk mean in insurance?

In homeowners insurance, high risk means there’s factors related to you or your home that increase the likelihood of property loss or claims. If you have a history of frequent claims or your roof is showing signs of wear and tear, your insurance company will likely consider you to be high risk.

What happens when you can't get home insurance?

If you can’t get homeowners insurance, you’ll want to consider getting high-risk homeowners insurance via an excess and surplus lines company or through your state’s FAIR Plan.

What are 3 types of risks that homeowners insurance covers?

Homeowners insurance covers your home and personal belongings in the event your property is damaged or burglarized by a covered peril in your policy. It also helps cover the cost of medical and legal bills if you’re found liable for a guest’s injury on your property.

Methodology

To find the best high-risk homeowners insurance of 2022, we compared coverage and rates for over 20 home insurance companies available through Policygenius. To do this, we looked at the following data points:

  • Internal Policygenius carrier data to find out which companies accepted the following risk features, as well as how many states it offered coverage for those risks

  • Rates provided by Quadrant Information Services for ZIP codes in all 50 states plus Washington, D.C. for a sample 40-year-old female homeowner with $300,000 in dwelling coverage, $300,000 in liability coverage, a $1,000 deductible, and various high-risk features

  • Number of states where each company writes homeowners insurance policies

Using these data points, we scored each company for each of the following categories using a weighted, 100-point scale.

  • Coverage (40%)

    • Aggressive dog breeds

    • Log homes

    • Homes over 100 years old

    • Homesharing

    • Flat or wooden roof

  • Cost (40%)

    • Average annual cost for a home over 50 years old

    • Average annual cost for a home with at least one prior claim

    • Average annual cost for a home with a roof older than 20 years old

  • State availability (20%)

Once we determined each company’s Policygenius score, our team of insurance experts analyzed the list to choose the best overall high-risk home insurance company, the best company for high net-worth homes, and the best company for insurance bundling.

Author

Managing Editor & Licensed Home Insurance Expert

Pat Howard

Managing Editor & Licensed Home Insurance Expert

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Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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