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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.

Compare home insurance quotes for February 2023

Allstate, Chubb and State Farm earned top Bankrate Scores for home insurance. Here’s a step-by-step process for comparing home insurance quotes to help see which policy and carrier fits your needs.

Updated Feb 01, 2023
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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.

Quick Facts
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$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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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. One of the first considerations when shopping for home insurance coverage may be the price of a policy and how much coverage you need. In the United States, the average cost of a homeowners policy is $1,428 per year for $250,000 in dwelling coverage. Your homeowners insurance rate will vary based on a number of factors, including the replacement value of your home, your location, your claims history and what company you choose.

Every property insurer has a different rating system for your home and personal property, so you may want to compare homeowners insurance rates from several different providers to find the best rate for the coverage you need. Additionally, you may need more or less coverage than our 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 2022 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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Allstate
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
J.D. Power score
815
/1,000
Average monthly premium
$112
Average annual premium
$1,340
Get a quote
American Family
Rating: 3.13 stars out of 5
3.1
Bankrate Score
Info
J.D. Power score
842
/1,000
Average monthly premium
$97
Average annual premium
$1,168
Get a quote
Chubb
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
J.D. Power score
809
/1,000
Average monthly premium
$148
Average annual premium
$1,775
Get a quote
Erie
Rating: 3.1 stars out of 5
3.1
Bankrate Score
Info
J.D. Power score
827
/1,000
Average monthly premium
$80
Average annual premium
$957
Get a quote
Farmers
Rating: 2.9 stars out of 5
2.9
Bankrate Score
Info
J.D. Power score
792
/1,000
Average monthly premium
$139
Average annual premium
$1,664
Get a quote
Nationwide
Rating: 3.22 stars out of 5
3.2
Bankrate Score
Info
J.D. Power score
816
/1,000
Average monthly premium
$96
Average annual premium
$1,153
Get a quote
ASI Progressive
Rating: 2.8 stars out of 5
2.8
Bankrate Score
Info
J.D. Power score
Not rated
Average monthly premium
$113
Average annual premium
$1,358
Get a quote
State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
J.D. Power score
829
/1,000
Average monthly premium
$122
Average annual premium
$1,462
Read review
Travelers
Rating: 3.3 stars out of 5
3.3
Bankrate Score
Info
J.D. Power score
794
/1,000
Average monthly premium
$104
Average annual premium
$1,249
Get a quote
USAA
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info
J.D. Power score
884
/1,000
Average monthly premium
$81
Average annual premium
$969
Get a quote
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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.

Allstate
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
J.D. Power
815
/1,000
Monthly premium for $350k coverage
$148
Annual premium for $350k coverage
$1,772
American Family
Rating: 3.13 stars out of 5
3.1
Bankrate Score
Info
J.D. Power
842
/1,000
Monthly premium for $350k coverage
$122
Annual premium for $350k coverage
$1,464
Chubb
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
J.D. Power
809
/1,000
Monthly premium for $350k coverage
$193
Annual premium for $350k coverage
$2,313
Erie
Rating: 3.1 stars out of 5
3.1
Bankrate Score
Info
J.D. Power
827
/1,000
Monthly premium for $350k coverage
$106
Annual premium for $350k coverage
$1,269
Farmers
Rating: 2.9 stars out of 5
2.9
Bankrate Score
Info
J.D. Power
792
/1,000
Monthly premium for $350k coverage
$186
Annual premium for $350k coverage
$2,232
Nationwide
Rating: 3.22 stars out of 5
3.2
Bankrate Score
Info
J.D. Power
816
/1,000
Monthly premium for $350k coverage
$127
Annual premium for $350k coverage
$1,519
ASI Progressive
Rating: 2.8 stars out of 5
2.8
Bankrate Score
Info
J.D. Power
Not rated
Monthly premium for $350k coverage
N/A
Annual premium for $350k coverage
N/A
State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
J.D. Power
829
/1,000
Monthly premium for $350k coverage
$150
Annual premium for $350k coverage
$1,794
Travelers
Rating: 3.3 stars out of 5
3.3
Bankrate Score
Info
J.D. Power
794
/1,000
Monthly premium for $350k coverage
$138
Annual premium for $350k coverage
$1,654
USAA
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info
J.D. Power
884
/1,000
Monthly premium for $350k coverage
$101
Annual premium for $350k coverage
$1,208
Powered by Coverage.com (NPN: 19966249)
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.

Allstate
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
J.D. Power
815
/1,000
Monthly premium for $450k coverage
$184
Annual premium for $450k coverage
$2,205
American Family
Rating: 3.13 stars out of 5
3.1
Bankrate Score
Info
J.D. Power
842
/1,000
Monthly premium for $450k coverage
$146
Annual premium for $450k coverage
$1,749
Chubb
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
J.D. Power
809
/1,000
Monthly premium for $450k coverage
$238
Annual premium for $450k coverage
$2,858
Erie
Rating: 3.1 stars out of 5
3.1
Bankrate Score
Info
J.D. Power
827
/1,000
Monthly premium for $450k coverage
$133
Annual premium for $450k coverage
$1,601
Farmers
Rating: 2.9 stars out of 5
2.9
Bankrate Score
Info
J.D. Power
792
/1,000
Monthly premium for $450k coverage
$236
Annual premium for $450k coverage
$2,832
Nationwide
Rating: 3.22 stars out of 5
3.2
Bankrate Score
Info
J.D. Power
816
/1,000
Monthly premium for $450k coverage
$157
Annual premium for $450k coverage
$1,884
ASI Progressive
Rating: 2.8 stars out of 5
2.8
Bankrate Score
Info
J.D. Power
Not rated
Monthly premium for $450k coverage
N/A
Annual premium for $450k coverage
N/A
State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
J.D. Power
829
/1,000
Monthly premium for $450k coverage
$185
Annual premium for $450k coverage
$2,224
Travelers
Rating: 3.3 stars out of 5
3.3
Bankrate Score
Info
J.D. Power
794
/1,000
Monthly premium for $450k coverage
$171
Annual premium for $450k coverage
$2,051
USAA
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info
J.D. Power
884
/1,000
Monthly premium for $450k coverage
$120
Annual premium for $450k coverage
$1,440
Powered by Coverage.com (NPN: 19966249)
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.

Allstate
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
J.D. Power
815
/1,000
Monthly premium for $750k coverage
$289
Annual premium for $750k coverage
$3,464
American Family
Rating: 3.13 stars out of 5
3.1
Bankrate Score
Info
J.D. Power
842
/1,000
Monthly premium for $750k coverage
$208
Annual premium for $750k coverage
$2,490
Chubb
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
J.D. Power
809
/1,000
Monthly premium for $750k coverage
$377
Annual premium for $750k coverage
$4,519
Erie
Rating: 3.1 stars out of 5
3.1
Bankrate Score
Info
J.D. Power
827
/1,000
Monthly premium for $750k coverage
$216
Annual premium for $750k coverage
$2,597
Farmers
Rating: 2.9 stars out of 5
2.9
Bankrate Score
Info
J.D. Power
792
/1,000
Monthly premium for $750k coverage
$382
Annual premium for $750k coverage
$4,586
Nationwide
Rating: 3.22 stars out of 5
3.2
Bankrate Score
Info
J.D. Power
816
/1,000
Monthly premium for $750k coverage
$270
Annual premium for $750k coverage
$3,237
ASI Progressive
Rating: 2.8 stars out of 5
2.8
Bankrate Score
Info
J.D. Power
Not rated
Monthly premium for $750k coverage
N/A
Annual premium for $750k coverage
N/A
State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
J.D. Power
829
/1,000
Monthly premium for $750k coverage
$291
Annual premium for $750k coverage
$3,488
Travelers
Rating: 3.3 stars out of 5
3.3
Bankrate Score
Info
J.D. Power
794
/1,000
Monthly premium for $750k coverage
$280
Annual premium for $750k coverage
$3,363
USAA
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info
J.D. Power
884
/1,000
Monthly premium for $750k coverage
$179
Annual premium for $750k coverage
$2,146
Powered by Coverage.com (NPN: 19966249)
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.

*USAA is not officially ranked by J.D. Power due to eligibility restrictions

Home insurance company reviews

  • Allstate: Allstate’s average premiums are about the same as the national average. Customers may save even more with potential discounts for new home buyers, remaining claims-free, installing protective devices and more. Although Allstate came in just below the segment average in J.D. Power's 2022 Home Insurance Study, it does have a lower-than-expected NAIC Complaint Index. Policyholders seeking more robust coverage options may be interested in Allstate's endorsements for water backup, sports equipment coverage, business property and electronic data recovery.
  • American Family: 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: Based on our proprietary rate data provided by Quadrant Information Services, Chubb has higher-than-average annual premiums for its homeowners insurance. Chubb is known for providing insurance for high-value homes and its standard insurance package includes many add-ons that may be optional with other companies, including extended replacement cost coverage. However, note that Chubb scored lower than average for overall customer satisfaction in the 2022 J.D. Power Home Insurance Study.
  • Erie: 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 home, regardless of the dwelling limit listed on their policy. 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: With three packages available (Standard, Enhanced and Premier), Farmers could be an excellent option for people purchasing their first homeowners policy. Additionally, homeowners can modify these packages further with endorsements such as Eco-Rebuild, which would cover the cost of rebuilding your home with more environmentally-friendly materials following a covered loss. It is important to know that Farmers isn’t available in every state and it’s among the most expensive companies on our list, on average. Still, this company may be worth considering for people looking for a streamlined process when purchasing a homeowners insurance policy.
  • Nationwide: Nationwide is one of the cheapest homeowners insurance companies on our list, on average, and offers add-ons such as Better Roof Replacement, which will replace your roof with higher-quality materials in the event of a covered claim. Nationwide may not be ideal for you if you’re more concerned with customer service than price, however, since it scored lower-than-average in customer satisfaction, according to J.D. Power.
  • Progressive: If you own a home, you could consider bundling home and auto insurance together at Progressive to take advantage of its multi-policy discount. Progressive homeowners insurance is only available in 40 states, and its coverage options and add-ons are somewhat limited, but this could still be a great option for people looking for the ease of placing your auto and home with the same company. It also has some of the lowest average homeowners rates of the companies we analyzed.
  • State Farm: With its high customer satisfaction rating and superior financial strength, it may be no surprise that State Farm made our list of best homeowners insurance companies in the 2022 Bankrate Awards. State Farm is also the largest homeowners insurance company in the country by market share, although it doesn’t currently offer homeowners in Massachusetts or Rhode Island. Additionally, State Farm’s average premium for homeowners insurance is on par with the national average.
  • Travelers: Travelers scored third-lowest in overall customer satisfaction in J.D. Power’s 2022 U.S. Home Insurance Study. Even so, if you own an environmentally-friendly home, Travelers could offer cheap home insurance through a green home discount. With this program, you could be eligible for a 5 percent discount if you’ve received a “green home” certification from the Leadership Energy and Environmental Design (LEED) organization.
  • USAA: USAA is best known for its military-focused coverage, inexpensive premiums and high customer service ratings. Although it cannot be ranked due to eligibility restrictions, USAA earned a score of 884 in J.D. Power’s 2022 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 our proprietary rate data. However, USAA has strict eligibility requirements and is only available to military members, veterans and their eligible family members.

When in doubt, working with a licensed insurance agent can be incredibly helpful. An agent can help guide you when choosing coverage and policy features.

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.
  • 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.

How to compare home insurance quotes

Most insurance professionals agree that comparing home insurance quotes is one of the best ways to compare rates, coverage options, discounts and other policy features. While reviewing quotes with your budget in mind may save you money on your premium, you may also want to look at more than just price. Potential endorsements, discounts, digital tools and customer service reviews may also impact your experience with a carrier. To compare home insurance quotes, you may want to use the following strategies:

  1. Think about your needs: What are you looking for from a company? Do you value highly-rated customer service? Do you need specific coverage options? Do you want a company that has local agencies? Knowing what you want and need may help you narrow down your choices.
  2. Get quotes from several companies: Once you know what you are looking for in a company, you can request quotes from several home insurance providers that might fit your needs. In addition to price, consider looking at available coverage options, policy features and third-party company reviews. Depending on your situation, you could even consider requesting both auto and home quotes to see if bundling or multi-policy discounts may save you money.
  3. Review each quote for accuracy: Review the documentation you receive to make sure each home insurance quote is accurate and that the quotes are as similar as possible. Although your coverage amounts may vary based on each company’s valuation tool, ensuring that you get quotes for similar coverage levels may help you more equally compare your options.
  4. Use Bankrate Scores to compare home insurance strengths: Our proprietary Bankrate Score, weighed on a scale from 0.0 to 5.0, aims to provide a quick look at the quality of products and services that each home insurance company offers. Our Bankrate Scores combine third-party ratings from companies like AM Best and J.D. Power, average rates provided by Quadrant Information Services, digital tool availability and more into one convenient metric.

What risks does my home insurance policy cover?

The types of risks that your home insurance policy covers depends on its type. Understanding the differences in these policy types, represented by the letters “HO” followed by a number, might help you choose the home insurance quote option that best fits your needs. However, many homeowners insurance companies only sell HO-3 and HO-5 policies for single-family homes.

To understand the differences between various policy types, you need to understand a bit about how insurance perils are covered. Different policy types use different coverage systems, commonly called named perils and open perils.

Named perils

Named peril coverage only applies to the risks specifically listed — or named — in the policy, such as fire, theft and vandalism. This means that your policy will only cover the types of damage that it specifically lists; if something happens that isn’t a specified covered type of loss, your policy won’t provide coverage.

Open perils

Below is a table showing several home insurance policy types and what kind of perils are covered for each coverage on each policy form. In addition to a policy having named or open perils coverage, keep in mind that you may have the option to choose between actual cash value and replacement cost value coverage for your dwelling and personal property.

Policy type Dwelling Other structures Personal property Policy summary
HO-1 Named perils Named perils Named perils Only covers 10 named perils. Not offered by many companies due to limited coverage
HO-2 Named perils Named perils Named perils Covers 16 named perils. Also not frequently offered by property insurers.
HO-3 Open perils Open perils Named perils Most commonly selected home insurance form by policyholders
HO-5 Open perils Open perils Open perils Broadest home insurance coverage available

What homeowners insurance coverage is required in my state?

Unlike car insurance, home insurance isn’t required by law. However, your financial institution may require you to have an active insurance policy if you have a mortgage or lien on your home. Even if you’ve paid off your home or paid for it in cash, most insurance professionals recommend carrying a homeowners insurance policy. If your home is damaged by a covered loss, the insurance policy could step in to pay for home repairs so that you don't have to pay for the full cost out of pocket.

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 Oklahoma at $3,659 per year. The cheapest average state for home insurance is Hawaii, at $382 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.

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. 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.

How to insure your home in 4 steps

Shopping for home insurance can be relatively simple. Depending on your needs and specific preferences, it may require more research and comparison, but in most cases, insuring your home will follow these steps:

  1. Request quotes from home insurance companies. After you’ve decided which companies you want to consider, you can request a home insurance quote from each one. It may be most beneficial to analyze quotes for policies with comparable coverage types and limits across companies for accurate pricing comparisons.
  2. Make adjustments if needed. After speaking with multiple experts and resources, you may decide that you want a higher dwelling amount, more personal liability coverage or to add a unique optional coverage. By now, you may have also narrowed down your list of carriers to the top few, so you can go back to each carrier to request a revised quote based on your specifications or ask what unique coverage add-ons can be included.
  3. Make a payment. Once you’ve decided which company you want to go with, all that’s needed to start coverage on your home is to make a payment. You can also provide your mortgage information at this point, and tell the insurance company if the payments will be coming from your financial institution.
  4. Cancel your existing home insurance policy (if you have one). Once you have the new policy documents in hand, you can safely cancel your current home insurance. You can check with your current home insurance company on what the cancellation procedures are, and if you need to provide anything in writing to ensure you don’t have duplicate coverage.

3 tips and tricks to keep your home safe

Even though home insurance helps with insuring your home against specific perils, it’s important to also maintain your home to avoid any unnecessary claims. Here are a few tips that you could use to help keep your home safe:

  1. Install home security devices. This could include fire and burglar alarms, as well as subscribing to a home monitoring service. A bonus is that having these in your home could make you eligible for additional home insurance discounts.
  2. Maintain the exterior of your home. This includes clearing away debris and cutting down branches and trees that may fall on your home. If you live in an area that’s prone to storms or fires, you may also want to ensure your outdoor furniture is cleared away or bolted down so that it doesn’t damage your home. Additionally, if you have cracked pavement or uneven stairs, this would be something to fix so that no one is injured when visiting your home.
  3. Check your smoke alarms regularly. A fire could destroy your home and belongings. Regularly checking your fire alarms to make sure they’re still working and taking precautions with potential fire hazards like candles could help you avoid a potential fire.

Frequently asked questions

Written by
June Sham
Insurance Writer

June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies.

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