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The Best Home Insurance Companies

The 8 Best Home Insurance Companies

Which Company Offers the Best Home Insurance?

Your home is probably one of the most important and valuable assets you have. Whether you've purchased a new home or have paid off the mortgage years ago - congrats on either! - your home is an asset you'll want to protect and not be without.

If you have a mortgage on your home, the lending company may require you to show proof of insurance to assure both them and yourself that you are protected, financially and otherwise, in case of a disaster causing damage or complete destruction. Even if you have paid for your home in full, a disaster that leaves your home damaged or uninhabitable could cost thousands to repair or hundreds of thousands to replace. Most people don't have that cash on hand; or if they do, that's not how they would choose to spend it.

Saturday, October 1st

2022 Home Insurance Company Reviews

Lemonade Review Top Consumer Reviews Best-In-Class Blue Ribbon Award 5 Star Rating

Lemonade

5 Star Rating Top Consumer Reviews Best-In-Class Blue Ribbon Award

Lemonade can offer business 100% online to be efficient and to help save you time. You upload videos for a claim and receive your money almost immediately. They give back every year by donating excess premiums to charity. Lemonade is quick and easy. Apply online, file your claim online, and even receive your immediate payment - you guessed it, online. But if you'd rather talk to a person, you can still do that, too. This is a unique way to get home insurance, and Lemonade gets our highest recommendation.

Allstate Review 4.5 Star Rating

Allstate

4.5 Star Rating

Allstate has been around a long time and they'll have a policy for you. Their standard policy covers quite a bit, and there are several add-on policies you can choose to fit your coverage needs. They offer nice discounts, and they have free, online tools helpful especially for first-time home owners. You genuinely are in good hands with Allstate, and we give them one of our highest ratings among providers of home insurance.

Erie Review 4 Star Rating

Erie

4 Star Rating

Erie assures that your home will be covered in full whether there's damage or destruction. There are additional perks in their standard policy and there are even nice extras included such as animal coverage. Their service area is limited to just twelve states, so not every homeowner can get a policy here, but this is an insurer worth checking out if you live in an Erie-covered location.

Insurify Review 4 Star Rating

Insurify

4 Star Rating

Insurify is an insurance agency where the consumer can compare quotes to get the best, personalized homeowners policy. It's not an actual insurance company, but they can save you a lot of time to get you multiple quotes from various insurers. This is a great starting point for your home insurance research.

Chubb Review 3.5 Star Rating

Chubb

3.5 Star Rating

Chubb is a white-glove insurance policy to cover and help prevent most any disaster you can imagine. If you want the white-glove service and treatment and are willing to pay for it, consider Chubb. If you'd rather pick and choose what's included, weigh the add-ons, work with the deductibles, and so on to get the best bang for the buck, it's best to look at our other highly-rated home insurance companies.

Hippo Review 3.5 Star Rating

Hippo

3.5 Star Rating

Hippo offers modernized coverage for how homes are used today, covering home office equipment and electronics. You can also purchase insurance online, unlike some of the old-school companies that will only let you work with a live agent. You might pay a little more here, and a service area limited to 37 states keeps Hippo from getting a higher ranking, but this is still a decent option for home insurance coverage.

Nationwide Review 3.5 Star Rating

Nationwide

3.5 Star Rating

Nationwide offers a good policy, though it can be a bit pricey. You can get a quote and check out discounts online. The main complaint about Nationwide is their customer service: you might have a smoother claims experience with another provider of home insurance.

Liberty Mutual Review 2.5 Star Rating

Liberty Mutual

2.5 Star Rating

Liberty Mutual has been around for over 100 years and offers solid homeowners policies, add-ons, and discounts. They have a nice website and app, and you can communicate with a live person if you want. But, customer complaints are quite prevalent regarding customer service giving inconsistent responses and not getting the same claims agent twice. Try a higher-rated home insurance provider before you commit to a Liberty Mutual policy.

Compare the Best Reviews

Continued from above...

It's fast and easy to get a policy online. For many, it's a great decision. However, when it comes time to make a claim, you might not have purchased the right policy for you. For example, you may not have considered flood or earthquake insurance. You might not have insured your very valuable items individually, and if they're stolen, they're probably not covered.

On the other hand, if you work with an agent to get your policy, they will probably ask you a myriad of questions to get the policy you need. Online can be great, just be sure you know what you want in a policy.

Here are a few things to consider when purchasing a homeowners policy.

  • Standard coverage. What does the standard policy include?
  • Add-ons you might need. You might need insurance for floods, earthquakes, or hurricanes. You might want to insure specific valuables under a separate policy so you know they are covered..
  • The limits of the coverage. Limits are the maximum amount they would pay out per situation. Make sure the limits are high enough to cover your costs.
  • Your deductible. This is the financial responsibility you will have per occurrence. If you don't want to pay much per occurrence, you'll lower your deductible, but pay more in your yearly premium.
  • Discounts. There can be a few discounts that could pertain to you, depending on your situation and depending on the insurance company. You might qualify for a discount if you have had no claims, have a new house, are a senior citizen, have an HOA, and the list goes on.
  • Reputation of the company. More reliable companies might cost you more, and the less reliable companies might be super inexpensive. Beware: you might get what you pay for.

To provide you with the best information so that you can get the right policy and best insurance company for you, TopConsumerReviews.com has evaluated and ranked the most popular sources of homeowners insurance available today. Getting the right policy is like cuddling with a warm blanket, since you'll have that assurance you'll be covered if any damage or destruction to your home. The process of choosing a homeowners insurance policy might have seemed daunting and you may have avoided it for as long as you can, but we can help make it easy.

The Best Home Insurance Companies Compare Home Insurance Companies Compare Home Insurance Company Reviews What are the best Home Insurance Companies Best Home Insurance Company Reviews

Home Insurance Company FAQ

If you have a mortgage on your home, your lender will more than likely require that you carry homeowners insurance. They will also require you to carry enough of it to rebuild your home if it were completely destroyed. When you have a mortgage, you don't completely own the home - the lender does, until you pay it off. That's why they require insurance. If it were to be damaged or destroyed, the bank needs to know that it will be taken care of.
There's regular homeowners insurance if you own your home, renters insurance if you're renting a free-standing home or an apartment, insurance for mobile homes, and more. When you start shopping for a home insurance policy, you'll be asked a series of questions that will determine what type of coverage is right for you.
Although the specifics can vary by company, there are a few things you can expect in a typical policy. First, your dwelling, or home, is covered, and so would a shed or other building on the lot. Your personal belongings would be covered, and medical costs of any guest injured on your property. Policies usually will pay for a hotel and meals from restaurants if you are displaced due to complete destruction of your home, if what happened is covered under the policy. You should also be protected in case of fire, storm, theft, or vandalism.
Yes and no. There are limits. When you purchase insurance, you and your agent will decide on the financial limits the policy will cover. A lower limit is cheaper, but it won't give you the replacement home you might think it will. A higher limit costs more, but will give you a better replacement home and personal belongings. Be aware that if your home is valued at $250,000, you can't get limits of $1,000,000 and get a million dollar home to replace yours. Your limits need to pretty much match what you currently have.
When you get a policy, you choose your deductible. This is the dollar amount you will be responsible for with each claim. If you want the insurance company to pay for it all, you will choose $0 deductible. Realize that having a low deductible will raise your rates. If you choose a higher deductible, such as $1,000, you'll have to pay that in the event of a disaster but your policy rates are lower. Choosing your deductible and your premium price is a balancing act.
Not all of your valuables may be covered under the standard policy, so you might choose what they call add-on policies for them. Let the insurer know if you have specific pieces to protect, and there will be a rider for each piece covering the amount it's worth. Although these add-ons might be expensive, it will be much more costly if something happened to them and they weren't listed in a separate policy.
You can usually get a discount for having zero claims on your history, living in a neighborhood with an HOA, being a senior, being a non-smoker, bundling with your auto insurance, signing on before your old policy expires, and more. If you have fire/smoke detectors and/or burglar alarms that are directly connected to emergency services (911), most policies will come with a significant discount there too. Be sure to ask your insurance company for ways to save money on your coverage.
Believe it or not, it's super-easy to get coverage online. Some insurers offer 24/7 live-person customer service, and others offer a live person only during typical business hours. But, if you don't want to talk to a person and you'd rather take care of all research and transactions from your phone or laptop, there are several companies that offer that. You can even get a quote in five minutes via the web or their app.
The Best Reviews of Home Insurance Companies