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Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat 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.
Jennifer GimbelJennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor and home insurance expert at Policygenius, where she oversees our homeowners insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
Expert reviewedExpert reviewedThis article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.Learn more about oureditorial review process.
Fabio Faschi, PLCS, SBCS, CLCSFabio Faschi, PLCS, SBCS, CLCSLicensed Property & Casualty Insurance ExpertFabio Faschi is a licensed property and casualty insurance agent. His expertise on home and auto insurance has been featured on Forbes, Consumer Affairs, Realtor.com, Apartment Therapy, SFGATE, Bankrate, and Lifehacker.
Compare home insurance quotes from top companies
A standard homeowners insurance policy provides coverage for your home, belongings, and liability — but some insurers may also include coverage add-ons or enhancements at no additional cost. This is why it's so important to compare home insurance quotes from multiple top companies.
If you're like most, you'll look at a company's price and coverage estimates before anything else when comparing homeowners insurance quotes. But in addition to the information on your quote, you may also want to consider the insurer's customer satisfaction ratings with third-party firms like J.D. Power, financial strength ratings with AM Best, and homeowners insurance company reviews.
To give you a better understanding of which factors to compare, the table below shows average home insurance rates, customer satisfaction scores with J.D. Power, and our overall Policygenius rating for the largest home insurance companies by market share. When comparing rates, keep in mind that the average annual cost of home insurance is $1,899 for a policy with $300,000 in dwelling coverage.
* Based on 2022 sample homeowners insurance quotes for a home with $300,000 in dwelling coverage and a $1,000 deductible
** Based on J.D. Power's latest home insurance customer satisfaction survey released in September 2022
*** USAA isn't officially ranked with J.D. Power due to eligibility
Our company ratings and reviews are based on many of the same factors to consider while comparing home insurance quotes, including average rates, coverage options, customer service, and financial ratings. And for a more personalized recommendation, you can refer to our list of the top home insurance companies for a variety of coverage needs and preferences.
Here’s an in-depth look at five top rated companies that offer home insurance quotes through Policygenius.
Allstate: Allstate is one of the most popular home insurance providers in the country thanks to several customizable options, unique coverage add-ons like short-term rental coverage, and availability in all 50 states. While its customer satisfaction score with J.D. Power is slightly below the industry average; it received fewer customer complaints from 2019 to 2021 compared to other companies its size, according to the National Association of Insurance Commissioners (NAIC). With an average premium of $1,650 per year, you can expect your Allstate insurance home quote estimate to hover right around the national average.
Nationwide: With an average premium of $1,966 per year, Nationwide home insurance is a hair more expensive than the national average. But it offers plenty of discounts to help keep your rates down, including discounts if you recently renovated your home or invested in a qualifying smart home device, and a home and auto bundling discount that can help you save an average of 13% on premiums. But where Nationwide really stands out is its enhanced dwelling coverage options, offering both extended and guaranteed replacement cost — two coverages that belong on every home policy in disaster-prone states.
Openly: Despite being founded in 2017, Openly has wasted no time becoming one of the best home insurance options for high net-worth homeowners looking for dwelling coverage limits of up to $5 million and higher limits of protection for expensive valuables and keepsakes. With an average premium of $1,125 per year, Openly home insurance is significantly cheaper than the national average — though keep in mind that it only writes policies in 21 states.
Progressive: With availability in all states except two and a generous multi-policy discount, Progressive is the ideal insurance company for homeowners who have a car or other types of property to insure. It also earned an above-average rating in J.D. Power’s 2022 digital experience study, indicating customer satisfaction with Progressive’s mobile and web experience. However, Progressive isn’t a direct insurance carrier — your coverage, rates, and claims experience will depend on which company it places you with — so it may not be the best choice for homeowners who prefer paying their bills and filing claims all with one company.
Travelers: Travelers is one of our top-rated home insurance providers, featuring average rates below the national average, flexible policy options for most home types and situations, unique coverages like green home and short-term rental protection, and the highest AM Best rating (A++) a company can receive. However, Travelers offers fewer discounts than most companies of its size, and its scores in J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys indicate that Travelers’ customer service could use some improvement.
While our reviews can help familiarize you with each company’s strengths and weaknesses and inform your comparison, the best homeowners for you are based on factors specific to you and your home. At Policygenius, our customers save an average of 30% on homeowners insurance while also securing the best coverage for their needs thanks to our extensive mix of company and policy options.
Shoppers have saved an average of 30% on their home insurance
Comparing home insurance quotes is the best way to find the right policy for your needs while saving hundreds of dollars per year in the process. But saving money on home insurance isn’t just about finding the cheapest quote — it’s about finding the best price on the coverage you need.
Here’s a step-by-step look at how to compare home insurance quotes:
1. Decide how to get homeowners insurance quotes
You have two main options for getting home insurance quotes:
You can call to speak with a local independent agent, who can provide you quotes from multiple different companies in your area.
You can get homeowners insurance quotes online through an insurance marketplace like Policygenius that works with a mix of companies in every state and ZIP code.
The advantage to getting home insurance quotes online with a company like Policygenius is that we can provide you an estimate with minimal information (just provide the address of the insured location, a few broad details about the structure itself, and personal details like your date of birth) and we’ll run your quotes.
2. Consider your coverage needs
Thanks to advances in technology and our ability to collect and analyze tens of thousands of data points in seconds, most insurance providers now provide fairly accurate and similar coverage estimates. But to make sure your quotes are based on your actual home insurance coverage needs, consider getting your own estimates for the following:
The cost to rebuild your home: Your dwelling coverage amount should be equal to your home’s replacement cost, which is the amount it would cost to rebuild your home from the ground up if it were destroyed. If you live in an area prone to natural disasters or storms, you may want to consider a company that offers extended replacement cost or guaranteed replacement cost coverage.
The cost to replace your personal belongings: Your personal property coverage limit should be high enough to cover the total value of your belongings, which means your furniture, computers, small appliances. Additionally, if you’d like your insurance to reimburse you for personal property damage or theft without having depreciation deducted from your payout, you may want to consider a company with replacement cost contents coverage.
The combined value of your assets: Your liability coverage limit should be high enough to cover the total value of your assets, such as the value of your home, car, possessions, liquid assets, and anything else of yours that holds value.
“Your dwelling coverage amount should equal your home's replacement cost — not the purchase price or market value. Policygenius can calculate this for you and make sure your quotes are based on the right amount of coverage.”
— Pat Howard, Licensed Insurance Expert
3. Compare coverage and price estimates
While price is an important consideration when comparing home insurance policies, it’s especially vital to check how much coverage your quoted rate is based on. While every company has its own method for calculating coverage amounts, getting quotes with similar levels of coverage will make for a more accurate comparison.
To give you an idea of how much insurance rates can vary by coverage amounts, here’s the average annual premium for five different levels of dwelling coverage.
Dwelling coverage level
Average annual premium
4. Compare discounts and deductible options
The rate you’re quoted isn't necessarily what you'll end up paying. In fact, insurance companies generally won’t factor in discounts until they’ve quoted you a final premium. For this reason, you should consider each company’s list of available discounts in addition to quoted premiums.
Another factor that impacts your premiums is your home insurance deductible amount, which is the amount you’re responsible for paying out of pocket on each claim. The higher your deductible, the cheaper your premiums will be — and vice versa. If you’re not at risk for filing claims, you may want to consider a company that offers the highest deductible policy option.
5. Compare companies
Your home insurance policy is only as good as the company responsible for paying out the claims. That’s why, along with price and coverage options, you’ll also want to consider the company’s customer service, financial strength ratings, and other factors that can impact your experience as a policyholder.
According to our recent nationwide survey of home insurance shoppers, claims satisfaction was the most important factor customers considered when comparing insurance companies. Roughly 25% of homeowners care most about a company’s claims satisfaction scores, followed by the ability to bundle policies (22%), and high customer review scores (15%).
What you'll need to get a home insurance quote
When getting a home insurance quote, have this information on-hand to make the process faster:
The size and age of your home. Insurers will want to know your home's square footage and the year it was built.
Names, relation, and ages of residents. Home insurance liability coverage protects you and family members that live in your home. An insurer may require you to provide names, ages, and your relationship for those who live in the home.
Age and type of roof. Insurers will want to know how old your roof is and what materials it is made out of. If you have a newer roof with updated materials, you may see lower rates.
Your home insurance and claims history. If you previously had insurance on your home, your new insurer may ask you how long you were insured for and if you filed any claims in the past.
Number and breed of pets. Some insurers may exclude coverage for certain dog breeds. You'll need to disclose if you have any pets and what their breed is.
Improvements and renovations. If you recently made home improvements, renovated a part of your house, or built an addition, you'll need to let your insurance company know — as this may affect your home's rebuild value.
Safety devices. You may be able to score a discount if you installed safety devices, like a smart home alarm system. Let your insurer know if your home is equipped with any sort of safety device, including deadbolt locks and fire alarms.
Sample home insurance quote comparison
Here's an example of two quotes you might get for home insurance coverage and how to compare them.
Annual premium: $2,035
Dwelling coverage: $300,000 with extended replacement coverage
Personal property coverage: $150,000 with actual cash value coverage
Personal liability coverage: $500,000
Standard deductible: $2,000
Wind/hail deductible: 3% of dwelling coverage ($9,000)
Annual premium: $2,627
Dwelling coverage: $300,000 with guaranteed replacement coverage
Personal property coverage: $150,000 with replacement cost coverage
Personal liability coverage: $500,000
Standard deductible: $500
Wind/hail deductible: 5% of dwelling coverage ($15,000)
Quotes are used for illustrative purposes only. Actual rates and coverage limits will vary by customer.
Looking at the two fictional quotes above, you can see that while State Farm has higher premiums than Allstate, you only have to pay $500 when you file a standard claim — versus $2,000 with Allstate.
You'll also notice that both State Farm and Allstate have the same coverage limits for your dwelling and personal property. However, State Farm's quote comes with more comprehensive protection in the form of guaranteed replacement cost coverage for your house and replacement cost coverage for your belongings.
Comparing all of these different coverage types and limits can help you determine which quote makes the most sense for your needs and budget.
The latest research & surveys from Policygenius
Home Insurance Pricing Report
Costs are up nationwide, with homeowners in some states seeing premiums rising at more than double the rate of inflation.
The average cost of homeowners insurance is $1,899 per year for $300,000 in dwelling coverage, according to a Policygenius analysis of sample rates provided by Quadrant Information Services. There are several factors that can impact the cost of homeowners insurance, including:
Age of home
Home build and heating style
Avg. annual premium:
Average annual premium:
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Select your state to see the average homeowners insurance rate
Compare home insurance rates by state
Along with coverage limits, your home's location has a major impact on your home insurance rates. States with frequent hurricanes, wildfires, and other disasters often have higher average home insurance rates, while states with cooler or more mild weather have the cheapest average premiums.
There are several different types of homeowners insurance policies, and which one you need will depend on your property and coverage needs. But in most cases, if you own your home and you live there most of the year, your home insurance quotes will likely be based on the following.
HO-3 – Special Form: An HO-3 policy is the most common form of homeowners insurance. It’s designed for standard homes and contains all of the coverages described above: dwelling, other structures, personal property, loss of use, personal liability, and medical expenses coverages.
HO-5 – Comprehensive Form: An HO-5 comprehensive form policy is just what it sounds like — it offers the most complete protection for single-family homes. An HO-5 is nearly identical to the HO-3, but with more comprehensive coverage for personal belongings.
HO-6 – Unit Owners Form: Also called condo insurance, this type of policy is designed for people who own a condominium or live in a co-op. Because condos and co-ops have homeowners insurance associations (HOAs), how much coverage you need will depend on your HOA's master policy.
Most standard homeowners insurance policies do not cover damage to your home or belongings that’s caused by earthquakes or floods, but you can purchase additional coverage or compare standalone insurance policies to make sure you're protected.
Homeowners insurance never includes coverage for damage caused by flooding. The agents at Policygenius can help you compare quotes from private flood insurers or help get you set up with a flood insurance policy through the National Flood Insurance Program (NFIP) — a FEMA-backed program.
Homeowners insurance also doesn’t cover earthquake damage. Depending on the insurance company, you may be able to add earthquake coverage to your main homeowners insurance policy with an endorsement, or you may need to purchase a separate standalone earthquake insurance policy. Policygenius can help you compare quotes from insurers that offer earthquake endorsements, or help you purchase a separate policy.
Shoppers have saved an average of 30% on their home insurance
Homeowners insurance is a form of property insurance that protects your home and personal belongings in the event they're destroyed by a covered loss, like a fire or windstorm. It can also protect your assets in the event you're found legally responsible for someone's injury or damage to their property.
What is a home insurance quote?
A home insurance quote is an estimate of how much you’ll pay for a policy based on details about your home, credit score, claims history, and coverage limits. All insurance companies have their own way of calculating quotes, so premium estimates can vary widely across insurers.
How can I get a good deal on my home insurance?
You’ll want to compare quotes to choose the insurer and policy that offers the coverage you need at the most affordable cost. Look for companies that offer discounts, like money off for bundling your home and auto insurance.
How do I know how much home insurance I need?
Homeowners insurance coverage needs vary from homeowner to homeowner. In general, your coverage amounts should be high enough to cover your home’s rebuild cost (meaning the cost to rebuild it completely if it were destroyed), the monetary value of your personal belongings, and your combined assets. If you need flood or earthquake coverage, you’ll need to buy those separately.
Are there different homeowners insurance requirements by state?
No, homeowners insurance is not required by law in any state. However, most lenders will require proof of home insurance before you can close on a property.
Average savings of 30% per year on home insurance: Savings are determined by calculating the average difference between the lowest and second lowest home insurance policy estimates provided to shoppers with two or more estimates between 06/01/2020 and 05/18/2021. Potential savings are based on a composite of multiple different contracts and insurers. Not all policies in this calculation are available in all states, and availability may be based on eligibility. Savings may vary by policy amount and location.
Average home insurance cost: Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
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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.
Jennifer Gimbel is a senior managing editor and home insurance expert at Policygenius, where she oversees our homeowners insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
Fabio Faschi is a licensed property and casualty insurance agent. His expertise on home and auto insurance has been featured on Forbes, Consumer Affairs, Realtor.com, Apartment Therapy, SFGATE, Bankrate, and Lifehacker.