Unlike auto insurance, homeowner’s insurance is not a legal requirement in any U.S. state.
However, these coverages can offer an incredible level of protection for the price, and most banks and lenders require you to have coverage if you finance your home through them.
Although your coverage level should be based on your state and the specific area in which you live, some carriers offer better coverage options and discounts through independent agents and online marketplaces.
Experts suggest you should shop around for homeowner’s insurance quotes every time your home’s value goes up or down or, as a general rule, review your homeowner’s insurance every three years.
To help you in your search, we’ve compiled a list of the best homeowners insurance companies. Read on for more detail.
Top 10 Best Homeowner’s Insurance Companies for 2021
- Lemonade: Best for Low Rates
- Hippo: Best Additional Coverage
- Progressive: Best Competitive Pricing
- HomeInsuranceConnect.com: Best for Extensive List of Carriers
- State Farm: Best for Customer Service
- Liberty Mutual: Best for Discounts
- Farmers Insurance: Best for Unique Optional Coverage
- National General: Best for Comprehensive Coverage
- InsuraMatch: Best for Quick Quotes
- SelectQuote: Best for Competitive Quotes
Best For: Instant clear-cut coverage at rock-bottom rates
Lemonade offers one of the most streamlined, convenient homeowners insurance services you can find.
Their website is dedicated to breaking down the ins and outs of homeowners insurance without all the jargon in a way that’s easy to understand.
They also promise coverage in as little as 90 seconds and policy payouts in just 3 minutes. Lemonade comes with a flat monthly fee as low as $25.
Lemonade’s homeowners insurance policies provide the standard coverage of an HO3, including your house and additional structures on the property, your personal belongings, added living expenses, and personal liability and medical fees.
As a Public Benefit Corporation or B-Corp, the company is certified for its commitment to social impact.
If there’s any money left after paying out your claim, the company will donate to causes you love.
If you’re wondering if a switch from your current insurer is worth the leap, you can take advantage of Lemonade’s price check tool.
If you like what you see, Lemonade will take care of switching your coverage over.
You can also make adjustments to your policy effortlessly within the app and see just what your policy covers. Lemonade is your go-to for quick, cheap, and socially-minded homeowners insurance.
Best For: Affordable Additional Coverages
Like Lemonade, Hippo offers speed to home insurance shoppers.
With Hippo, you can get a quote in 60 seconds, followed by quick competitive coverage.
The whole process could take you 5-10 minutes.
They also offer a few perks with signing up, like a 2-sensor smart home monitoring system and discounts for additional coverages.
In addition to the usual coverage you’ll find with other homeowners insurance policies, you can also get coverage for your home office, appliances and major systems, water backup, service line issues, domestic workers, an ordinance of law, modern sensors, and replacement costs.
It’s like homeowners insurance, a home warranty, and home security bundled into one.
Hippo also stands out for the access it grants you to earthquake, flood, and wind damage protection, offered through its partners.
If you live in one of the states Hippo serves, the insurer could be well worth your consideration.
Learn more: Read our Hippo Home Insurance Review.
Best For: Competitive Prices
Founded in 1937, the Progressive Corporation is an American insurance company offering a full suite of insurance products and related services, including homeowner’s, condo, and renters coverages.
Due to its size and industry experience, this carrier offers consumers a vast range of coverage options and competitive prices.
Progressive enjoys high ratings from all major credit rating agencies and is deemed to have an outstanding ability to meet policyholder obligations.
It also has a decent rating with the Better Business Bureau and high customer ratings across popular online review sites.
Progressive extends a standard selection of homeowner’s insurance coverages including protection for primary and secondary structures and personal possessions, loss of use, personal liability, and medical coverages.
It also offers add-ons like water backup coverage and personal injury protection.
Overall, this carrier offers standard home, condo, and renters insurance policies at competitive prices.
Its website is easy to navigate and packed with valuable information for prospective policyholders.
Those looking to compare quotes will find Progressive an excellent option with outstanding features like the Homequote Explorer and the Name Your Price tool.
Learn More: Read our Progressive Homeowners Insurance Review.
Best For: Extensive List of Carriers
HomeInsuranceConnect.com is an online marketplace putting prospective policyholders in touch with partners from their extensive list of 900 carriers.
The aggregator works with well-known insurers like Progressive, State Farm, and Liberty Mutual as well as smaller local companies that offer competitively-priced quotes.
HomeInsuranceConnect.com partners with an extensive list of well-respected home insurance providers.
By going through the application process and entering their information, customers agree to be contacted via phone or email by HomeInsuranceConnect.com or their affiliates.
The application process in itself is quick and straightforward.
Aggregators like HomeInsuranceConnect.com can be a good alternative for consumers testing the waters and looking for quick, commitment-free quotes.
While marketplaces generally do not offer tailored services and coverages, they are easy to navigate, and only require basic information to provide you multiple quotes.
Best For: Customer Service
State Farm is one of the largest insurance providers in the nation, offering a myriad of annuities and insurance products including auto, homeowner’s, condo, renters, life, and fire and casualty, among others.
By market share alone State Farm is the number one carrier in the U.S., offering both vast industry experience and rock-solid financials.
The company, which was founded in 1922, holds excellent financial strength ratings with major credit rating agencies like A.M. Best and Standard & Poor’s.
Additionally, it has received high customer service ratings across online review platforms like the Better Business Bureau and Trustpilot.com.
As for homeowner’s insurance policies, State Farm offers standard coverages and add-on protections.
These include dwelling, liability, and medical expense coverages as well as riders for expensive items and enhanced dwelling protection.
Discounts are also significant with State Farm, with saving opportunities for home security features, impact resistant roofs, and bundled policies.
State Farm sets itself apart from the competition by offering both excellent coverages as well as outstanding customer service.
Their customer satisfaction ratings remain among the best in the industry, an impressive feat for a company that’s been in operation for over 100 years.
Best For: Range of Discounts
Liberty Mutual Insurance is an American insurance company, offering a variety of policies including auto, fire and surety, and homeowner’s insurance.
Since its inception in 1926, the company has built a solid financial base and an extensive network of independent agents.
As one of the largest property and casualty insurers in the United States, Liberty Mutual maintains outstanding financial strength ratings and has received a high number of online customer reviews.
The company has been accredited by the Better Business Bureau since 1931.
Liberty Mutual’s homeowner’s insurance policies include standard coverages like dwelling protection, personal possessions, and liability, as well as additional coverages like Home Protector Plus, inflation protection, and coverage for high-value items.
Where this insurer truly shines is in their range of discounts, which include savings opportunities for those who remain claim free, have installed protective devices around the home, bundled their home and auto policies, or have purchased a new house.
Learn More: Read our Liberty Mutual Home Insurance Review.
Best For: Unique Optional Coverages
Farmers Insurance Group is a group of insurance companies selling auto, home, and small business insurance among other products and related financial services.
The company has been in operation since 1928 and is currently the fifth largest insurer in the homeowner’s insurance market.
Farmers offer three different types of coverage levels: standard, enhanced, and premier, all of which provide customers the necessary level of protection while allowing them to choose a price range that fits their budgets.
These policies cover all types of homes, including condos, mobile homes, specialty homes, and vacant properties.
Each Famers policy can be customized with added features such as declining deductibles, claims free discounts, claim forgiveness, and cosmetic damage.