There are plenty of homeowners insurance companies in the country, but the largest companies account for more than 60% of the market share. Keep in mind that home insurance coverage, cost, and discounts vary by company and state — our Policygenius agents can help you find thebest homeowners insurance to fit your needs. Here’s our breakdown of the top 10 largest homeowners insurers in the United States.
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What are the largest homeowners insurance companies?
The largest homeowners insurance company by a large margin is State Farm, which makes up 24.26% of the market share. The second largest is Allstate with 11.56% of the market share.
| Company | Direct premiums written | Market share |
|---|---|---|
| State Farm | $22,046,155,085 | 24.26% |
| Allstate | $10,500,629,922 | 11.56% |
| USAA | $7,988,445,382 | 8.79% |
| Travelers | $5,557,121,350 | 6.12% |
| Nationwide | $3,522,394,366 | 3.88% |
| Chubb | $3,210,874,376 | 3.53% |
| American Family | $2,705,863,726 | 2.98% |
| Progressive | $2,217,188,358 | 2.44% |
| Erie | $1,956,183,760 | 2.15% |
| Auto-Owners | $1,915,941,365 | 2.11% |
Here’s a deeper look at the top 10 largest homeowners insurance companies, the coverage options they offer, and their various scores and rankings with different industry rating agencies. For this section, we used 2021 market share data from the National Association of Insurance Commissioners. [1]
We also included rankings from J.D. Power’s 2021 Home Insurance Study, which polled overall customer satisfaction by examining five factors: interaction, policy offerings, price, billing process and policy information, and claims. [2]
1. State Farm
State Farm
State Farm is currently the largest home insurance company in the country, and it’s also the largest auto insurer in North America.
Written premiums: $22b
Market share: 24.3%
Policygenius score: 3.8/5
Average cost: $2,039
J.D. Power score: 835
Read our full State Farm review
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Company highlights
State Farm is the largest home insurance company in the country and offers policies in all 50 states. According to J.D. Power’s 2021 U.S. Home Insurance Study, State Farm is “better than most” when it comes to customer satisfaction. [3] And policyholders with State Farm gain access to a variety of resources and digital tools, making it a solid choice for first-time homebuyers.
How to get a quote
Online through State Farm
2. Allstate
The second largest company is Allstate, which offers affordable rates — around $300 cheaper than the national average of $1,899.
Written premiums: $10.5b
Market share: 11.6%
Policygenius rating: 4.6/5
Average annual cost: $1,596
J.D. Power score: 829
Read our full Allstate review
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Company highlights
Allstate offers below-average prices and a wide range of discounts, including a home buying discount if you’re a new homebuyer or their protective device discount for securing your home with emergency devices.
How to get a quote
Online through Policygenius or Allstate
3. USAA
USAA is the third largest homeowners insurance company, but it’s only available to those affiliated with the U.S. military.
Written premiums: $7.9b
Market share: 8.8%
Policygenius rating: 3.7/5
Average annual cost: $1,432
J.D. Power score: 882*
Read our full USAA review
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Company highlights
Part of what makes USAA stand out are its deductible options of up to $10,000, a perk that helps policyholders keep their rates low. The insurer also offers a home protector plus endorsement to bring your home up to new building codes after a covered loss. However, it’s only available to those who have served in or have some affiliation with the U.S. military.
How to get a quote
Online through USAA
* According to J.D. Power, USAA is not rank eligible because it does not meet study award criteria
4. Travelers
Travelers offers extensive coverage options, but the company’s rates are on the higher side in comparison to some other large insurers.
Written premiums: $5.5b
Market share: 6.2%
Policygenius rating: 3.9/5
Average annual cost: $3,638
J.D. Power score: 800
Read our full Travelers review
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Company highlights
Travelers earned an 800 from J.D Power’s 2021 homeowners insurance study, which is one of the lower rankings, but scored a superior A++ from A.M. Best, a credit rating agency. When you sign up for a policy with Travelers, you can choose between silver, gold, platinum, and platinum plus coverage options for varying degrees of protection.
Besides their robust policy packages, Travelers’ unique policy enhancements also sets this insurer apart from others in the industry. Additional coverage options include a green home endorsement, identity fraud coverage, and personal articles floater.
How to get a quote
Online through Policygenius or Travelers
5. Nationwide
Nationwide offers some of the best coverage options around, however the company has below-average scores from J.D. Power.
Pros
Written premiums: $3.5b
Market share: 3.9%
Policygenius rating: 3.8/5
Average annual cost: $1,955
J.D. Power score: 812
Read our full Nationwide review
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Company highlights
Nationwide offers flexible coverage options for several types of homes and financial needs. Homeowners can save on their premium, too, just by having a newer roof or living in a gated community. The credit rating agency A.M. best gave Nationwide an A+ score, which suggests they’re a well-established and financially sound company. But when it comes to customer satisfaction, Nationwide earned 812 points with J.D. Power, which is below average for the home insurance industry.
How to get a quote
Online through Policygenius or Nationwide
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6. Chubb
Chubb is well known for insuring high-value homes, especially those in high-risk areas. Chubb is a premier provider, which means its policies are designed for high-net-worth individuals.
Written premiums: $3.2b
Market share: 3.5%
Policygenius rating: 2.5/5
Average annual cost: $1,922
J.D. Power score: 801
Read our full Chubb review
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Company highlights
Chubb offers enhanced coverage options, especially for homes in high-risk areas — like if you live in an area that experiences frequent tornados or wildfires. A standard home insurance policy with Chubb comes with basic coverage, plus extended replacement cost coverage for your home and replacement cost coverage for your personal belongings, which is usually offered as supplemental coverage at other companies.
How to get a quote
Online through Policygenius or Chubb
7. American Family Insurance
American Family
American Family Insurance, or AmFam, is the seventh largest home insurance company with nearly $3 billion in written premiums in 2021.
Written premiums: $2.7b
Market share: 3%
Policygenius rating: N/A
Average annual cost: $1,491
J.D. Power score: 831
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Company highlights
In addition to standard homeowners insurance, AmFam offers coverage add-ons, like matching siding protection to repair or replace the siding of your home, and other impressive features like the interactive home insurance checklist on its website.
How to get a quote
Online through American Family
8. Progressive
Progressive sells homeowners insurance policies through its partner companies instead of underwriting the policies itself. This gives the insurer the ability to offer a wide range of policy options.
Written premiums: $2.2b
Market share: 2.4%
Policygenius rating: 3.5/5
Average annual cost: $2,618
J.D. Power score: 821
Read our full Progressive review
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Company highlights
Because Progressive works with so many different insurers, customer satisfaction can vary when it comes to the claims process. J.D. Power scored Progressive at 821, which is just slightly below average. Progressive earned an A+ Rating from A.M. Best, which .
How to get quote
Online through Policygenius or Progressive
9. Erie
Erie is only available in 12 states, but the insurer offers comprehensive coverage options at affordable rates
Written premiums: $1.9b
Market share: 2.2%
Policygenius rating: 3.1/5
Average annual cost: $1,346
J.D. Power score: 835
Read our full Erie review
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Company overview
Although Erie is only available in 12 states, it still makes up 2.15% of the market share. Erie automatically includes guaranteed replacement cost coverage in standard home policies, which is a good option for homeowners who live in high-risk areas. The insurer also offers affordable rates — about $550 cheaper than the national average.
How to get a quote
Online through Erie
10. Auto-owners
Auto-Owners
Auto-Owners is the tenth largest homeowners insurance company in the country. The insurer received above-average scores from J.D. Power and offers below-average rates.
Written premiums: $1.9b
Market share: 2.1%
Policygenius rating: N/A
Average annual cost: $1,283
J.D. Power score: 831
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Company overview
Auto-Owners rates are over $600 cheaper than the national average. Plus, the insurer offers even more ways to save with a slew of discount options — like a green discount if you go paperless and pay your bills online.
How to get a quote
Online through Auto-Owners
Largest homeowners insurance companies by state
Homeowners insurance coverage and costs can vary by state. Unsurprisingly, State Farm makes up the most in-state market share in nearly all 50 states. [4]
| State | Largest insurer | In-state market share |
|---|---|---|
| Alabama | State Farm | 27.37% |
| Alaska | State Farm | 32.44% |
| Arizona | State Farm | 16.67% |
| Arkansas | State Farm | 26.48% |
| California | State Farm | 17.78% |
| Colorado | State Farm | 20.03% |
| Connecticut | Chubb | 9.40% |
| Delaware | State Farm | 25.22% |
| District of Columbia | State Farm | 20.97% |
| Florida | Universal | 10.50% |
| Georgia | State Farm | 25.31% |
| Hawaii | State Farm | 30.65% |
| Idaho | Liberty Mutual | 15.49% |
| Illinois | State Farm | 32.89% |
| Indiana | State Farm | 24% |
| Iowa | State Farm | 25.20% |
| Kansas | State Farm | 20.77% |
| Kentucky | State Farm | 23.99% |
| Louisiana | State Farm | 25.17% |
| Maine | State Farm | 11.97% |
| Maryland | State Farm | 17.17% |
| Massachusetts | Mapfre Insurance | 12.56% |
| Michigan | State Farm | 16.18% |
| Minnesota | State Farm | 25.53% |
| Mississippi | State Farm | 25.46% |
| Missouri | State Farm | 25.21% |
| Montana | State Farm | 23.89% |
| Nebraska | State Farm | 22.99% |
| Nevada | State Farm | 18.69% |
| New Hampshire | Liberty Mutual | 13.46% |
| New Jersey | New Jersey Manufacturers | 10.60% |
| New Mexico | State Farm | 19.73% |
| New York | Allstate | 13.18% |
| North Carolina | State Farm | 16.54% |
| North Dakota | State Farm | 14.98% |
| Ohio | State Farm | 20.27% |
| Oklahoma | State Farm | 28.51% |
| Oregon | State Farm | 21.31% |
| Pennsylvania | State Farm | 17.53% |
| Rhode Island | Amica | 15.87% |
| South Carolina | State Farm | 19.86% |
| South Dakota | State Farm | 19.36% |
| Tennessee | State Farm | 23.51% |
| Texas | State Farm | 18.06% |
| Utah | State Farm | 16.43% |
| Vermont | Vermont Mutual | 12.39% |
| Virginia | USAA | 19.46% |
| Washington | State Farm | 17.16% |
| West Virginia | State Farm | 25.86% |
| Wisconsin | American Family | 21.95% |
| Wyoming | State Farm | 21.49% |
How to find the best homeowners insurance company
The best homeowners insurance company for you is going to depend on your specific coverage needs. That said, there are some universal factors to consider when looking into different insurance companies.
Below is generally what you should look for when comparing different insurers:
Financial stability of the company
Reliability, with high claims satisfaction scores
Robust, comprehensive coverage options
Affordable rates
The best way to shop for homeowners insurance is to compare quotes from multiple companies. A Policygenius expert can help you determine how much coverage you need and help you find the best homeowners insurance at the best price.
Frequently asked questions
What makes an insurance company the largest?
The largest insurance companies are the ones that make up the most market share in the industry.
What’s the best homeowners insurance company?
It’s hard to determine which company is “best” because homeowners insurance is not a one-size-fits-all form of financial protection. As a rule of thumb, you should look for an insurance company that has good customer service ratings, is financially sound, and offers comprehensive coverage at an affordable price. Shopping around and comparing companies is the best way to find the right insurer for you.
Who is the largest homeowners insurance company in the United States?
State Farm is the largest homeowners insurance company, making up over 24.26% of the market share.
Which company has the highest customer satisfaction score?
Amica scored the highest in J.D. Power’s 2021 U.S. Home Insurance Study, with a score of 854 out of 1,000. The study determined overall customer satisfaction by examining five factors: interaction, policy offerings, price, billing process and policy information, and claims.
Methodology
To find the largest home insurance companies in the country, Policygenius analyzed data from the National Association of Insurance Commissioners (NAIC). The NAIC's Property and Casualty Market Share Report, which was published in 2021, lists the total written premiums and market share — nationally and at the state level — for the top 125 insurance groups in the country. [5]
To get the average rates for each insurer, we 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:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
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.
