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Compare home insurance quotes for March 2024

Comparing quotes from top home insurance providers like Allstate, Chubb and State Farm may help you find the right carrier for your needs.

Updated Mar 01, 2024
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Quick Facts
Moneybag
$382/year
average savings through Bankrate
Two Thirds
2 out of 3 homes
are underinsured
Insurance Home
1 out of every 20
insured homes makes a claim each year
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100% of homes
need insurance before getting a mortgage
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Compare homeowners insurance quotes by company

There are hundreds of home insurance companies on the market, which may make it confusing to know where to start. Bankrate is aware that most homeowners would appreciate an estimate of how much they can expect to spend on a policy first. In the United States, the average cost of homeowners insurance is $1,759 per year for $250,000 in dwelling coverage. This can help you gauge what other Americans budget for their home insurance, but your rate is likely to be different.

Insurers use a number of personal rating factors to calculate home insurance premiums, such as your claims history, where you live, the age of your home and the amount of coverage you need. Every property insurer has its own rating system, so it’s helpful to compare homeowners insurance rates from several providers to find the best price.

Additionally, you may need more or less coverage than the standard $250,000 dwelling limit used as our base profile. We’ve included average rates across a range of coverage levels for the largest companies by market share in the country to help conduct a home insurance comparison. Each company on this list was included in the 2023 J.D. Power U.S. Home Insurance Study, and each received an AM Best financial strength rating of “excellent” or “superior.”

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Insurance company J.D. Power score Average monthly premium Average annual premium
809
/1,000
$133
$1,600
813
/1,000
$121
$1,457
801
/1,000
$168
$2,021
856
/1,000
$95
$1,138
800
/1,000
$173
$2,081
812
/1,000
$115
$1,375
829
/1,000
$122
$1,461
790
/1,000
$131
$1,573
881
/1,000
$90
$1,076
791
/1,000
$135
$1,624
829
/1,000
$122
$1,461
790
/1,000
$131
$1,573
881
/1,000
$90
$1,076
791
/1,000
$135
$1,624
*USAA is not officially ranked by J.D. Power due to eligibility restrictions
Insurance company J.D. Power score Average monthly premium Average annual premium
809
/1,000
$176
$2,107
813
/1,000
$150
$1,801
801
/1,000
$222
$2,660
856
/1,000
$125
$1,503
800
/1,000
$232
$2,789
812
/1,000
$151
$1,813
791
/1,000
$177
$2,127
829
/1,000
$149
$1,784
790
/1,000
$174
$2,084
881
/1,000
$111
$1,336
791
/1,000
$177
$2,127
829
/1,000
$149
$1,784
790
/1,000
$174
$2,084
881
/1,000
$111
$1,336
*USAA is not officially ranked by J.D. Power due to eligibility restrictions
Insurance company J.D. Power score Average monthly premium Average annual premium
809
/1,000
$218
$2,610
813
/1,000
$178
$2,133
801
/1,000
$274
$3,288
856
/1,000
$157
$1,885
800
/1,000
$297
$3,566
812
/1,000
$187
$2,245
791
/1,000
$218
$2,617
829
/1,000
$181
$2,172
790
/1,000
$211
$2,535
881
/1,000
$132
$1,585
791
/1,000
$218
$2,617
829
/1,000
$181
$2,172
790
/1,000
$211
$2,535
881
/1,000
$132
$1,585
*USAA is not officially ranked by J.D. Power due to eligibility restrictions
Insurance company J.D. Power score Average monthly premium Average annual premium
809
/1,000
$339
$4,064
813
/1,000
$246
$2,951
801
/1,000
$416
$4,987
856
/1,000
$251
$3,018
800
/1,000
$470
$5,636
812
/1,000
$320
$3,841
791
/1,000
$344
$4,132
829
/1,000
$272
$3,259
790
/1,000
$337
$4,049
881
/1,000
$196
$2,347
791
/1,000
$344
$4,132
829
/1,000
$272
$3,259
790
/1,000
$337
$4,049
881
/1,000
$196
$2,347
*USAA is not officially ranked by J.D. Power due to eligibility restrictions

Compare annual home insurance rates by carrier

Average home insurance rates change annually based on numerous factors, including the cost of home repairs and labor, claim severity and frequency, and each carrier's risk analysis for the coming year. Understanding an insurance company's rate fluctuations over time can help you determine whether your premium increase is standard or if it may be time to shop for a new carrier. 

With the chart below, you can select two companies to see how they compare against the national average cost of home insurance. As you can see, average home insurance rates for $250,000 in dwelling coverage have crept upward in recent years. While inflation plays a role in these increases, the issue is more complex. Extreme weather due to climate change has led to more frequent and more severe claims, which insurers recoup by charging higher insurance rates. A slowed supply chain and pricey construction materials also bleed into home insurance prices.

Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Top home insurance company reviews

Allstate

Who this may be best for:

Homeowners who prefer multiple policy management options

Allstate offers unique homeowner coverage options and easy-to-navigate digital tools. These features help the carrier tie for Best Home Insurance Company Overall in the 2024 Bankrate Awards. Allstate also won a Bankrate Award for Best for Bundling Home and Auto Insurance. Policyholders have the flexibility to purchase a policy, make changes or pay bills directly with its extensive network of agents or independently via the mobile app. Allstate advertises nine different endorsements and plentiful discount opportunities to help reduce your premium. Allstate also sits below baseline on the National Association of Insurance Commissioners (NAIC) Complaint Index, which indicates customers file fewer complaints about its home product than expected for a company of this size.

American Family

Who this may be best for:

Homeowners looking for unique coverage add-ons

Also known as AmFam, American Family’s average annual premiums are considerably lower than the national average. The company also offers savings opportunities, including a generational discount for policyholders aged 18 to 30 whose parents are also American Family members, and a discount for renovated homes. You could even get a discount on an ADT system and other smart home devices if you’re an American Family policyholder. This company, however, isn’t available in all states, so your eligibility may vary.

Chubb

Who this may be best for:

Homeowners who need high-value coverage

Chubb is known for providing insurance for high-value homes. Its standard home insurance policies include enhanced coverage options that usually cost extra, like extended replacement cost coverage. Boutique-like coverage options and risk mitigation consulting services are why Chubb won the 2024 Bankrate Award for Best For High-Value Homes. While Chubb also scored lower than average for overall customer satisfaction in the 2023 J.D. Power Home Insurance Study, it does have agents available stateside and abroad, making it a stand-out option for policyholders with overseas vacation homes. 

Erie

Who this may be best for:

Homeowners on a tight budget

According to our research, Erie has some of the cheapest average homeowners insurance rates in states where it’s available. It also offers guaranteed replacement cost coverage, which aims to give homeowners the total cost to rebuild their homes, regardless of the dwelling limit listed on their policies. Another perk that sets Erie apart is its pet coverage — while most providers exclude birds and fish, Erie offers up to $500 in coverage for animals, birds and fish included. However, Erie is only available in 12 states, so a homeowners insurance policy through Erie may not be an option for you.

Farmers

Who this may be best for:

First-time homeowners

With three packages available (Standard, Enhanced and Premier), Farmers could be an excellent option for people purchasing their first homeowners policy. Homeowners can modify these packages further with endorsements like Eco-Rebuild, which would cover the cost of rebuilding a home following a covered loss with more environmentally friendly materials. Still, it is important to know that Farmers isn’t available in every state. It’s also among the most expensive companies on our list, on average. But this company may be worth considering for people looking for a streamlined process when purchasing a homeowners insurance policy.

Nationwide

Who this may be best for:

Homeowners who also want banking products

On average, Nationwide is one of the cheapest homeowners insurance companies on our list, which helped it earn Bankrate's Best Budget Home Insurance Company award for 2024. The company offers add-ons like Better Roof Replacement, which will replace your roof with higher-quality materials in the event of a covered claim. Homeowners who prefer to manage their home insurance policy and financial products with one company may find Nationwide appealing, as well. Nationwide may not be ideal for you, though, if you’re more concerned with customer service than price. It scored lower-than-average in a study of customer satisfaction, according to J.D. Power.

Progressive

Who this may be best for:

Homeowners looking to bundle their home and auto policies

If you own a home, you could consider bundling home and auto insurance together with Progressive to take advantage of its multi-policy discount. On its website, Progressive advertises that new policyholders can save up to 20 percent when they bundle home and auto together. Progressive homeowners insurance is only available in 40 states and its coverage options and add-ons are somewhat limited, but it could still be a great option for people looking to purchase multiple insurance products from the same company. Progressive also has some of the lowest average homeowners rates of the companies we analyzed.

State Farm

Who this may be best for:

Homeowners who value customer satisfaction

State Farm is the largest homeowners insurance company in the country by market share — although it doesn’t currently write home policies in Massachusetts, Rhode Island or California. The company boasts a high customer satisfaction rating per J.D. Power and a superior financial strength rating per AM Best. Like Allstate, State Farm also boasts an impressive, nationwide network of agents. Additionally, State Farm’s average premium for homeowners insurance is on par with the national average.

Travelers

Who this may be best for:

Homeowners who need customizable coverage

Travelers scored third-lowest in overall customer satisfaction in the 2023 J.D. Power U.S. Home Insurance Study. Even so, if you own an environmentally friendly home, Travelers could offer cheaper home insurance through its green home discount. With this program, you may qualify for a 5 percent discount if you’ve received a “green home” certification from the Leadership Energy and Environmental Design (LEED) organization. Travelers also offers a lengthy list of insurance endorsements for homeowners looking to craft a bespoke policy, including identity fraud coverage, additional replacement cost protection and special personal property coverage.

USAA

Who this may be best for:

Homeowners who need military-focused coverage

USAA is best known for its military-focused coverage, inexpensive premiums and high customer service ratings. Its well-rounded insurance offerings helped it tie for Best Home Insurance Company Overall in the 2024 Bankrate Awards. Although not officially ranked due to eligibility restrictions, USAA earned a score of 881/1,000 in the 2023 J.D. Power Home Insurance Study — the highest score of all the companies included. USAA also has a lower-than-average premium for home policies with $250K in dwelling coverage, according to proprietary rate data, and your belongings are automatically insured at replacement cost value. However, USAA has strict eligibility requirements and is only available to military members, veterans and their eligible family members.

How to shop for homeowners insurance

If you’re in the market for a new policy, you’ll need to start by getting a quote for homeowners insurance. Getting a home insurance quote shouldn't be too difficult, but having the necessary information on hand may make the process smoother. 

Depending on how you request your quote, you will likely need to provide this information in an online form or over the phone with an agent. Some of the information most carriers ask for includes: 

  • Personal details: You will need to provide your name and date of birth to get a quote. If you own your home with a spouse, family member or anyone else, you will also need to provide their information. In some states, you may also be asked to provide your social security number in order to check your credit-based insurance score.
  • Property details: A carrier will need your address, including your ZIP code. Companies might be able to look up additional information, but you may want to be prepared with your home’s construction year, the age of the roof and other home systems like your HVAC and details of any custom features.
  • Coverage needs: An insurer will review your coverage needs and history as a homeowner when issuing a quote. This may include who your most recent insurer was (if you have been insured before) and the details of that policy, including your policy limits. Although you can typically adjust your coverage options before purchasing a policy, property insurers will want to know some details about your previous policy to further assess your risk, including any endorsements you had and any claims filed on your property.
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Bankrate tip: home inventory

Creating a home inventory of your personal belongings may help you decide how much home insurance you need, specifically personal property coverage. Even if you already have coverage in place, an inventory might illuminate insurance gaps you are unaware of. Additionally, a home inventory may help expedite the claims process if you do experience a covered loss. To create a home inventory, you might consider the following steps: 

  1. Make an inventory list for each room and take photos to accompany your list.
  2. For big-ticket items like furniture, appliances and electronics, include the make and model, value, serial number, purchase date and receipts if you have them.
  3. Take a general count of smaller objects and estimate their value.
  4. Make note of any especially valuable items, like jewelry or antiques, that may require scheduled personal property coverage.
  5. Store your inventory in a safe place. Creating and storing a digital copy of your inventory may help ensure you can access it easily at any time.
  6. Update your inventory regularly with any new or sold items. 

How to compare home insurance quotes

Most insurance professionals agree that comparing home insurance quotes is one of the best ways to find the rates, coverage options, discounts and other policy features you want. Here’s how to go about it, step by step:

Step 1: Think about your coverage needs

You and your next-door neighbor may have similar homes but wildly different home insurance needs. To help you determine how much home insurance is right for you, it is first helpful to understand what a typical home insurance policy includes — and excludes — so you can structure a policy that works for you. 

What does home insurance typically cover?

Home insurance policies are divided up into coverage types. Each coverage type is subject to its own limit (either a specific dollar amount or percentage) and is designed to financially protect homeowners in different ways. Below, we’ve detailed the coverage types found in a standard home insurance policy

Coverage type Coverage amount What it covers
A - Dwelling coverage Estimated cost to rebuild your home Your home’s physical structure if it is damaged in a covered loss
B - Other structures Up to 10 percent of dwelling coverage amount Non-attached structures like a gazebo, fence or shed if they are damaged in a covered loss
C - Personal property Between 50 and 70 percent of dwelling coverage amount Your personal belongings in your home, plus limited coverage for your belongings housed in other locations
D - Additional living expenses (also known as loss of use) Between 20 and 30 percent of dwelling coverage amount Expenses if you are displaced from your home due to a covered loss
E - Personal liability Between $100,000 and $500,000 Legal expenses if you or a member of your household harms someone or damages their personal property
F - Medical payments Between $1,000 and $5,000 Guests medical bills if they are injured on your property

What does home insurance not cover?

Home insurance is not all-inclusive or all-encompassing. Some common exclusions include: 

  • Earthquake and land movement damage
  • Flood damage
  • Wear and tear and neglect
  • Pest damage
  • War
  • Nuclear hazard
  • Power failures
  • Government action
  • Theft of a dwelling while under construction
  • Vandalism and malicious mischief to a dwelling left vacant for more than a specified amount of time
  • Intentional acts to property or bodily injury by the insured 

The state you live in may also determine what perils are excluded from standard home insurance policies. Regions with frequent threats of loss from tornadoes and hurricanes may have wind and hail exclusions. For example, Texas windstorm insurance is an endorsement purchased by many residents with homes near the Gulf of Mexico. And some Florida home insurance policies can include a separate hurricane deductible. California homes in high-risk wildfire zones may have limited wildfire coverage, as well, or an insurer may exclude wildfire damage from the policy altogether.

Just because something is excluded from your home insurance policy does not mean you can’t be covered for it, though. Home insurance providers sell separate endorsements for earthquakes, floods and other perils to protect your home further.

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Bankrate tip: ACV vs RCV

Your home insurance personal property coverage will either cover your items at actual cash value (ACV) or replacement cost value (RCV), depending on what your insurer offers. In the event of a covered loss, ACV pays out the current value of your items after taking depreciation and your deductible into account. RCV, on the other hand, pays out what it would cost to replace the item with a new version today, minus the deductible. Some policies automatically cover personal property at actual cash value, but others require the homeowner to purchase an RCV endorsement. 

For example, suppose your living room furniture cost $6,000 five years ago when you bought it. If it depreciated 7 percent a year, today's current value is about $3,900, a depreciation of $2,100. However, to replace it with a similar living room set costs about $7,000. If you have a $1,000 policy deductible, here are how the two options would play out: 

  • ACV: $7,000 (replacement cost) - $2,100 (depreciation) = $4,900 (actual cash value) - $1,000 (deductible) = $3,900 (claim payout)
  • RCV: $7,000 (cost new of similar furniture) - $1,000 (deductible) = $6,000 (claim payout)

Step 2: Get quotes from several home insurance companies

Once you know what you are looking for in a company, experts recommend requesting quotes from several home insurance providers that might fit your needs. You can request quotes multiple ways: 

  • Get a home insurance quote online: Online home insurance quotes are a great place to begin. Some carriers may allow you to purchase your policy entirely online, while others will put you in contact with an agent to complete the process. Getting a handful of quotes online can help give you a better estimate of what your home insurance policy will cost. 
  • Use a captive insurance agent: A captive agent works for one insurance provider. As such, working with a captive agent is typically best if you’ve already chosen a company but need help building or finalizing your policy.
  • Go through an independent agent or broker: If you prefer personalized service and want help gathering quotes, then working with an independent insurance agent or broker could be the best choice. Unlike captive agents, independent agents can provide you with home insurance quotes from multiple companies. Independent agents and brokers typically earn a commission from your policy, so be mindful of upselling. 

Experts recommend collecting between three and five home insurance quotes to better gauge what your policy will really cost.

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Bankrate tip: switching home insurance companies

Even if you already have a home insurance policy in place, you might consider shopping around on occasion to make sure you're getting the coverage and customer service you need at the best price. You might consider comparing quotes if your coverage needs have changed, you're not satisfied with the level of service with your current carrier or you think you could get a better rate for the same coverage. 

If your coverage needs have changed — maybe you want to add flood insurance or you inherited a valuable jewelry collection — you might start by getting quotes for any additional coverage needs with your current carrier. You can then compare these with quotes for the same coverage types and limits from a few other carriers. 

In most cases, you can switch home insurance carriers at any time. You may want to shop early, and end your old policy on the same date your new one starts to avoid a lapse in coverage. A coverage lapse could leave you and your home financially vulnerable and could raise your rates. 

Learn more: How to switch home insurance companies

Step 3: Review each home insurance quote for accuracy 

Once you have your quotes on hand, it’s time to go over them with a fine-toothed comb for accuracy. Review the documentation you receive and ensure that each home insurance quote is in line with the information you provided. Your coverage amounts may vary based on each insurance company’s valuation tool, but as long as your quotes are in the same ballpark, you should be able to compare them. 

Aside from coverage amounts, you will also want to take a close look at the deductible, the policy type and whether your belongings are insured on an actual cash value or replacement cost value basis. These may seem like minor details but can have a major impact on what you wind up paying for your policy.

Step 4: Choose your home insurance policy 

Your budget is an important consideration when searching for the perfect home insurance policy. However, it is not the only thing to take into consideration. Hopefully, you never need to file a home insurance claim, but if disaster strikes, you’ll want to know that insurance will be there for you when you need it. As such, experts recommend choosing a company that has a strong financial history, high rates of customer satisfaction and robust coverage offerings. 

Example of how to compare homeowners insurance quotes

To help you understand how to compare homeowners insurance quotes, which often have differing coverage limits and premiums, we’ve included two examples below. Please note that these are example quotes and not representative of actual quoted premiums.

Annual premium: $1,573 
 
  • Coverage A, Dwelling: $275,000
  • Coverage B, Other Structures: $27,500
  • Coverage C, Personal Property: $137,500
  • Coverage D, Loss of Use: $55,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000
  • Deductible: $1,500
 
Annual premium: $1,712
 
  • Coverage A, Dwelling: $293,000
  • Coverage B, Other Structures: $29,300
  • Coverage C, Personal Property: $146,500
  • Coverage D, Loss of Use: $58,600
  • Coverage E, Liability: $100,000
  • Coverage F, Medical Payments: $1,000
  • Deductible: $1,000
 

The first thing you may notice, besides the differing premiums, is the different dwelling coverage amounts. Because each home insurance company uses its own valuation tool to determine the rebuilding cost of a home, it’s common to get quotes for slightly different dwelling amounts from different companies. Because many other home insurance coverage types default to a percentage of the dwelling amount, these coverage limits also vary between the quotes.

The first quote has a lower dwelling limit, but a higher liability limit and a slightly higher deductible than the second quote. If someone is injured on your property, for example, and you are found liable for their injuries, the first quote will pay up to $300,000 for your liability protection, whereas the second quote will only pay up to $100,000. If you file a claim for damage to your home, you’ll have to pay $1,500 out of pocket — your deductible limit — if you purchase the first quote, and only $1,000 if you purchase the second quote.

There isn’t a right or wrong answer as to which quote is better. The quote you choose will depend on your needs, budget and risk-tolerance level. If you prefer a higher dwelling coverage amount and are less concerned about your liability limit, for example, the second quote may be better suited for you. Coverage types B, C and D are predetermined percentages of coverage A, so if you need more coverage than what is first offered, you can usually increase those limits for an additional premium. You may want to work with a licensed agent if you have any questions or require specialty coverage.

Compare home insurance quotes by state

Homeowners insurance rates vary significantly by state. Our homeowners insurance quote comparison shows that the most expensive state on average for home insurance with $250K in dwelling coverage is Nebraska at $4,561 per year. The cheapest average state for home insurance is Hawaii, at $400 per year. Even if the cost of home insurance is higher than average in your state, you may be able to find more affordable rates by comparing homeowners insurance quotes and looking for discounts that apply to you.
 

Average home insurance cost by state

The average annual home insurance premium for a home with a dwelling coverage amount of $250,000.

Caret DownCaret Up
Avg. annual premium
$2,085
Avg. monthly premium
$174
Avg. annual premium
$1,019
Avg. monthly premium
$85
Avg. annual premium
$1,778
Avg. monthly premium
$148
Avg. annual premium
$2,809
Avg. monthly premium
$234
Avg. annual premium
$1,266
Avg. monthly premium
$105
Avg. annual premium
$3,212
Avg. monthly premium
$268
Avg. annual premium
$1,623
Avg. monthly premium
$135
Avg. annual premium
$764
Avg. monthly premium
$64
Avg. annual premium
$1,968
Avg. monthly premium
$164
Avg. annual premium
$1,761
Avg. monthly premium
$147
Avg. annual premium
$408
Avg. monthly premium
$34
Avg. annual premium
$1,014
Avg. monthly premium
$85
Avg. annual premium
$1,896
Avg. monthly premium
$158
Avg. annual premium
$1,523
Avg. monthly premium
$127
Avg. annual premium
$1,688
Avg. monthly premium
$141
Avg. annual premium
$4,072
Avg. monthly premium
$339
Avg. annual premium
$2,282
Avg. monthly premium
$190
Avg. annual premium
$3,247
Avg. monthly premium
$271
Avg. annual premium
$1,147
Avg. monthly premium
$96
Avg. annual premium
$1,375
Avg. monthly premium
$115
Avg. annual premium
$1,262
Avg. monthly premium
$105
Avg. annual premium
$1,757
Avg. monthly premium
$146
Avg. annual premium
$2,174
Avg. monthly premium
$181
Avg. annual premium
$2,028
Avg. monthly premium
$169
Avg. annual premium
$1,854
Avg. monthly premium
$155
Avg. annual premium
$2,172
Avg. monthly premium
$181
Avg. annual premium
$4,745
Avg. monthly premium
$395
Avg. annual premium
$1,165
Avg. monthly premium
$97
Avg. annual premium
$843
Avg. monthly premium
$70
Avg. annual premium
$916
Avg. monthly premium
$76
Avg. annual premium
$2,168
Avg. monthly premium
$181
Avg. annual premium
$1,728
Avg. monthly premium
$144
Avg. annual premium
$1,429
Avg. monthly premium
$119
Avg. annual premium
$2,519
Avg. monthly premium
$210
Avg. annual premium
$1,308
Avg. monthly premium
$109
Avg. annual premium
$4,565
Avg. monthly premium
$380
Avg. annual premium
$954
Avg. monthly premium
$79
Avg. annual premium
$968
Avg. monthly premium
$81
Avg. annual premium
$1,476
Avg. monthly premium
$123
Avg. annual premium
$1,209
Avg. monthly premium
$101
Avg. annual premium
$2,455
Avg. monthly premium
$205
Avg. annual premium
$2,177
Avg. monthly premium
$181
Avg. annual premium
$2,130
Avg. monthly premium
$177
Avg. annual premium
$955
Avg. monthly premium
$80
Avg. annual premium
$694
Avg. monthly premium
$58
Avg. annual premium
$1,154
Avg. monthly premium
$96
Avg. annual premium
$1,157
Avg. monthly premium
$96
Avg. annual premium
$1,167
Avg. monthly premium
$97
Avg. annual premium
$1,026
Avg. monthly premium
$85
Avg. annual premium
$1,044
Avg. monthly premium
$87
Avg. annual premium
$1,190
Avg. monthly premium
$99
Avg. annual premium
$3,212
Avg. monthly premium
$268
Avg. annual premium
$1,623
Avg. monthly premium
$135
Avg. annual premium
$764
Avg. monthly premium
$64
Avg. annual premium
$1,968
Avg. monthly premium
$164
Avg. annual premium
$1,761
Avg. monthly premium
$147
Avg. annual premium
$408
Avg. monthly premium
$34
Avg. annual premium
$1,014
Avg. monthly premium
$85
Avg. annual premium
$1,896
Avg. monthly premium
$158
Avg. annual premium
$1,523
Avg. monthly premium
$127
Avg. annual premium
$1,688
Avg. monthly premium
$141
Avg. annual premium
$4,072
Avg. monthly premium
$339
Avg. annual premium
$2,282
Avg. monthly premium
$190
Avg. annual premium
$3,247
Avg. monthly premium
$271
Avg. annual premium
$1,147
Avg. monthly premium
$96
Avg. annual premium
$1,375
Avg. monthly premium
$115
Avg. annual premium
$1,262
Avg. monthly premium
$105
Avg. annual premium
$1,757
Avg. monthly premium
$146
Avg. annual premium
$2,174
Avg. monthly premium
$181
Avg. annual premium
$2,028
Avg. monthly premium
$169
Avg. annual premium
$1,854
Avg. monthly premium
$155
Avg. annual premium
$2,172
Avg. monthly premium
$181
Avg. annual premium
$4,745
Avg. monthly premium
$395
Avg. annual premium
$1,165
Avg. monthly premium
$97
Avg. annual premium
$843
Avg. monthly premium
$70
Avg. annual premium
$916
Avg. monthly premium
$76
Avg. annual premium
$2,168
Avg. monthly premium
$181
Avg. annual premium
$1,728
Avg. monthly premium
$144
Avg. annual premium
$1,429
Avg. monthly premium
$119
Avg. annual premium
$2,519
Avg. monthly premium
$210
Avg. annual premium
$1,308
Avg. monthly premium
$109
Avg. annual premium
$4,565
Avg. monthly premium
$380
Avg. annual premium
$954
Avg. monthly premium
$79
Avg. annual premium
$968
Avg. monthly premium
$81
Avg. annual premium
$1,476
Avg. monthly premium
$123
Avg. annual premium
$1,209
Avg. monthly premium
$101
Avg. annual premium
$2,455
Avg. monthly premium
$205
Avg. annual premium
$2,177
Avg. monthly premium
$181
Avg. annual premium
$2,130
Avg. monthly premium
$177
Avg. annual premium
$955
Avg. monthly premium
$80
Avg. annual premium
$694
Avg. monthly premium
$58
Avg. annual premium
$1,154
Avg. monthly premium
$96
Avg. annual premium
$1,157
Avg. monthly premium
$96
Avg. annual premium
$1,167
Avg. monthly premium
$97
Avg. annual premium
$1,026
Avg. monthly premium
$85
Avg. annual premium
$1,044
Avg. monthly premium
$87
Avg. annual premium
$1,190
Avg. monthly premium
$99

Other factors to consider when comparing home insurance quotes

Cost is usually the top priority for many shoppers when comparing home insurance quotes, but that is only one factor out of several that matter. From customer service to the ease of doing business, here are a few other factors to consider:

  • Would you prefer a company with 24/7 customer service?
  • Do you want to make policy changes independently from an agent?
  • Are you more comfortable speaking to an agent in person, over the phone or via chat?
  • If a claim were to arise, do you want to submit it through your carrier's app or over the phone?
  • How much does customer service matter to you?

Researching companies can be a big undertaking, which is why we created Bankrate Scores. Our proprietary scoring system aims to provide a quick look at the quality of products and services that each home insurance company offers. On a scale of 0.0 to 5.0, Bankrate Scores reflect third-party ratings from companies like AM Best and J.D. Power, average premiums as provided by Quadrant Information Services, digital tool availability and more. Here’s how some of the biggest names in home insurance rank according to our Bankrate Scores:

Insurance Company
Bankrate Score
Info
4.7
Rating: 4.7 stars out of 5
4.4
Rating: 4.4 stars out of 5
4.3
Rating: 4.3 stars out of 5
4.3
Rating: 4.3 stars out of 5
4.2
Rating: 4.2 stars out of 5
4.2
Rating: 4.2 stars out of 5
4.2
Rating: 4.2 stars out of 5
4.1
Rating: 4.1 stars out of 5
4.0
Rating: 4 stars out of 5
3.6
Rating: 3.6 stars out of 5
4.2
Rating: 4.2 stars out of 5
4.2
Rating: 4.2 stars out of 5
4.1
Rating: 4.1 stars out of 5
4.0
Rating: 4 stars out of 5
3.6
Rating: 3.6 stars out of 5

Home insurance coverage for other kinds of property

Depending on the type of home you have and how it’s used, there’s a specific type of property insurance policy you can purchase. These include:

  • Renters insurance: If you rent your home, you won’t need to insure the structure of your home or its detached structures. Instead, renters insurance steps in to provide coverage for your personal belongings, as well as personal liability and some loss of use coverage.
  • Landlord insurance: As a landlord, this type of policy will insure your property’s structure and provide liability coverage and cover loss of income if the home is uninhabitable due to a covered claim.
  • Condominium insurance: As a condo owner, you’re responsible for the interior of your unit, instead of the entire building. This type of policy provides that, along with insurance for your belongings and personal liability.
  • Mobile and manufactured homes: This type of property insurance is for mobile and manufactured homes, which comes with its own specific coverage. Importantly, most mobile and manufactured homes typically do not cover any damage while in transit.

Frequently asked questions

Methodology

Base profile

Bankrate utilizes Quadrant Information Services to analyze the latest rates from February, 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit. Our base profile includes the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base), and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.

Claims: Rates were calculated based on the following insurance claims assigned to our homeowners: fire ($80,000 loss), liability ($31,000 loss), theft ($5,000 loss) and wind ($12,000 loss).

Year built: Rates were calculated based on the following years built for homes and assigned to our homeowners: 1959, 1982, 1992, 2010, 2016 (base) and 2020.

Various dwelling coverage limits

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $350,000, $450,000
  • Coverage B, Other Structures: $35,000, $45,000
  • Coverage C, Personal Property: $175,000, $225,000
  • Coverage D, Loss of Use: $70,000, $90,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). Depending on your dwelling coverage limit, you may need to have a higher deductible.

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

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carriers reviewed
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ZIP codes examined
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quotes analyzed

Bankrate Scores

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories. 
 
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlight where they fall short.
 
  • Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2024 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
  • Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
  • Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
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Written by
Natalie Todoroff
Writer, Insurance

Natalie Todoroff is an insurance writer for Bankrate, prior to which she wrote for a popular insurance comparison shopping app. She has a Bachelor of Arts in English and has written over 800 articles about insurance throughout her career.

Edited by Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute