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 shoppe