Best homeowners insurance providers to protect your home
Every homeowner needs the protection of insurance in case damage occurs to their house. However, with all the insurance company choices available today, it can be tough to determine which one offers the best policy and price for your needs. Therefore our team has rounded up the best homeowners insurance available today to help you make an informed decision. Importantly, each of our choices offers the standard coverages of personal property, dwelling and liability.
Table of contents
5 Best Homeowners Insurance Companies
- Allstate: Useful add-ons
- Amica: Best in claims satisfaction
- Lemonade: All-digital insurance
- State Farm: Personal service by a dedicated agent
- USAA: Best coverage for military families
The Best Homeowners Insurance: Our Top 5 Picks
Allstate — Useful Optional Coverage
Allstate offers simple products that above all are easy to understand. Similarly, their website provides clear resources to help people learn the finer details about homeowners insurance. For instance, their Common and Costly Claims tool provides homeowners with local information about their ZIP code’s most common claims and their costs.
Allstate insurance leads the way in offering add-on coverage that is useful to homeowners. You can insure:
- Musical instruments
- Sports equipment
- Your electronic data
- Landscaping and trees
- A mobile or manufactured home
Certainly, if you rent your home out on Airbnb or VRBO, you will want to take advantage of their HostAdvantage® add-on. It will help with the cost of replacement items due to theft and repairs needed from damage to the house by your guests.
Allstate offers new policyholders a 10% discount and adds another 10% off to those who buy coverage a week before the termination of their old policy.
Amica — Best Claims Satisfaction
Above all Amica is known for its award-winning customer service. It also offers great coverage at an affordable price.
The company offers add-ons to cover home businesses, recovery from identity theft, damage from natural disasters and fine jewelry. In addition, Amica also offers the Home Repair Assistance Program to guide policyholders to licensed contractors for repairs in a covered claim.
Discounts are offered to policyholders for:
- A new home
- Security systems
- Multiple policies
- Claim free
- Loyalty
Lemonade — All-Digital Insurance
In addition, a brand new entry to our best homeowners insurance list is Lemonade, an all-digital company that operates from a mobile app. This company offers monthly rates starting as low as $25 and in addition, boasts that claims are paid within minutes.
Add-ons to Lemonade’s standard coverage include:
- Water backup to repair damage caused by overflowing water from your sewer or drain
- Extra coverage for replacing damaged, stolen or lost musical instruments, cameras, bicycles, jewelry or fine art
- Extended replacement coverage to pay for the actual cost of rebuilding your home
However a bundling discount is the only one offered by Lemonade. On the other hand, Lemonade’s innovative Giveback program allows policyholders to donate any unclaimed premium money leftover at the end of the year to a nonprofit organization.
State Farm — Personal Service From a Dedicated Agent
State Farm insures more customers than any other company. Above all Its a reliable service and its easily accessible neighborhood sales offices give policyholders the personal touch of working with a dedicated insurance agent. Their premium prices are lower than their competitors.
However, an impressive perk is their free increased dwelling coverage. In other words, this gives homeowners insured at State Farm an estimated replacement cost for their home with an extra 20% to repair or rebuild the damage caused by a covered event. This, for instance, protects you if material or construction costs rise during the year.
In addition, State Farm will discount the cost of your policy if you have smoke detectors, a security system, multiple policies or install an impact-resistant roof.
USAA — Best Coverage for Military Members
USAA is one of the best homeowners insurance available, however it is only offered to active and retired military personnel and their families. The company is consistently recognized for keeping customers satisfied.
For instance, their policy includes military uniform replacement with no deductible for stolen or damaged uniforms of active-duty military personnel. USAA’s replacement cost coverage reimburses members for the current cost to replace stolen or damaged items.
USAA offers discounts off your premium for loyalty, having two or more policies, being claims-free for five years or more and additionally for installing a professional ADT Home Security System in your home.
The Bottom Line
In conclusion, all of our best homeowners insurance companies offer you excellent service and reasonable rates on basic coverage. Therefore which one is right for you depends on the add-ons you need to protect your property, the cost of coverage and how you want to interact with your provider.
Quick Questions
The best homeowners insurance varies depending on individual customer needs. Find the best for you by getting quotes from three different companies.
Lemonade, the all-digital insurance company, has the ability to process a claim in three minutes.
You will pay an average of $2,300 a year for basic liability and dwelling protection on a $300,000 home.
If you’re currently renting check out our guide to Renter’s Insurance here
