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Home insurance is more than a mandatory purchase if you have a mortgage; it’s a safeguard against financial devastation should your home be damaged or destroyed. With dozens of insurance companies on the market, numerous coverage types and various third-party reviews to consider, how do you determine which home insurance company is the best for your needs?
Bankrate can help. Our team of insurance experts conducted an extensive study of the home insurance market, analyzing average rates, coverage offerings, discounts, policy features and third-party scores for dozens of the largest home insurance companies by market share. Our research could help you determine which carrier best fits your unique needs, so you can rest easy knowing your finances are protected should the worst happen to your home.
These are the winners of the 2022 Bankrate Awards for Best Home Insurance.
How we picked these home insurance companies:
- Our top insurance companies received the highest Bankrate Scores. Our proprietary scoring process uses weighted scores for third-party financial strength and customer satisfaction ratings.
- We also analyzed average annual premium information for each company and compared the premium to the national average.
- Finally, we combined the Bankrate Scores and average premium information with availability to ensure each company is available in most, if not all, states.
We analyzed the best home insurance companies on features that commonly impact customer experience. Our picks for the best home insurance companies received the highest Bankrate Scores, with customer satisfaction, financial strength and nationwide availability playing a significant role in the rankings. Because eligibility restrictions apply to USAA, State Farm is a good alternative for those who are not affiliated with the military.
You've seen the best home insurance companies for 2022, now see how their quotes stack up.