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 carriers offering excellent deals in homeowner’s insurance. Read on for more detail.
While this list is meant as a helpful compilation for those looking for leading carriers, we encourage readers to explore the market and read all terms and conditions before signing up for any online service.
Top 10 Best Homeowner’s Insurance Carriers for 2018
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.
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.
#3 State Farm
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.
#4 Liberty Mutual
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.
#5 Farmers Insurance
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.
Other options extended to homeowner’s include Identity Shield for identity theft protection, Eco-Rebuild, to replace construction materials with green alternatives, and Contents Replacement Cost.
As a large, well-established insurer, Farmers offers both financial stability and a great selection of coverage options, making it an ideal choice for homeowner’s looking for a good variety of coverages from a company with few customer complaints for its market size.
#6 National General
Founded in 1939, National General, formerly GMAC Insurance, is an insurance provider based in North Carolina.
It offers auto, homeowner’s, renters, condo, and several other insurance products through its easy-to-navigate website.
National General holds an A- (excellent) rating with A.M. Best and an A+ rating with the Better Business Bureau that is based on overwhelmingly positive customer reviews for a company of its kind.
Since the company was formerly owned by Integon and General Motors Acceptance Corp., it has remained financially stable and creditworthy since its inception.
National General offers comprehensive homeowner’s insurance coverages that are both unique and reasonably priced.
Its Guaranteed and Extended Replacement Cost Coverage pays to rebuild your home in the event it is completely destroyed, while its Green Update option provides up to $50,000 to incorporate sustainable materials in the home’s reconstruction.
Aside from their standard home insurance policies, National General offers coverage for belongings beyond the home, from watercraft to tailers and other high-priced items.
It also extends an excellent variety of coverage “discounts and credits” that vary by state. Additional requirements may apply.
Part of Plymouth Rock Group, InsuraMatch is an online insurance service that matches customers with carriers from their select network.
The company, which was founded in 1999, provides prospective policyholders with coverage options from recommended insurers in network.
These vary according to location and other factors.
InsuraMatch is a solid choice for consumers who want to shop multiple insurance companies to find the policy that’s best for them.
The site makes it a breeze for customers seeking to connect with top-rated carriers like Progressive, Dairyland Auto, and Stillwater Insurance Group.
Although policy details will vary between providers, plans offered through Insuramatch provide coverage for structures and personal belongings as well as liability.
Most also offer additional coverages for temporary relocation and medical payments.
Discounts are offered directly through each insurer yet generally include savings for those who have installed safety devices at home, bundle their home and auto insurance policies, and have no prior insurance claims.
Other discounts may apply depending on the state and carrier.
SelectQuote Insurance Services has been offering insurance quotes from leading life, auto, and home insurance companies since 1985.
As an independent agency, the company pairs customers with carriers from its network of partners, ensuring clients get the best plans and prices, the right coverage options, and useful resources.
SelectQuote vets its insurance partners for financial stability, meaning their list of carriers includes rock-solid insurers offering fairly-priced policies.
The company even lobbies on behalf of clients to help keep premiums affordable. Some trusted carriers in their network include American General Life, Banner Life, Fidelity Life Association, Globe Life, Pacific Life Insurance, and many more.
All homeowner’s insurance policies sold through SelectQuote include the standard protection for primary structures, personal property, and liability, yet some insurers offer additional choices.
Add-on coverages will vary between providers as well as the applicant’s state of residence.
General wisdom suggests that when companies compete, it’s the customer who wins. That makes SelectQuote an excellent option for anyone looking to shop for quotes or compare providers and premiums.
Safeco was founded in 1923 as the General Insurance Company of America.
Today, as a member of the Liberty Mutual family, Safeco offers insurance products such as auto and property now backed by its parent company’s outstanding financial strength and stability.
Safeco extends all the standard homeowner’s insurance coverages as well as additional products like identity recovery, protection for value articles, equipment breakdown, personal property replacement cost, and a single deductible option for those who bundle home and auto policies.
The company’s easy-to-navigate site allows policyholders to file and track claims, pay bills, and view their coverage information online.
They also have a Home Inventory App that enables homeowner’s to list the value of their belongings stored within the home, making claims processing all the easier.
Overall, those looking for a creditworthy and financially stable company with a great selection of standard home insurance coverages, add-ons, and discounts will find Safeco an excellent alternative.
Since 1999, Insure.com has allowed prospective customers to comparison shop and obtain homeowner’s insurance quotes from leading carriers. Operated by
QuinStreet, Inc., this marketplace matches clients with their partners by collecting basic personal information.
Insure.com has partnered with some of the most financially stable insurers in the market to offer standard homeowner’s coverages, including liability, dwelling, and personal property.
Coverage details will vary between plans and providers, and not all policies will be available in all states. Most insurers in the marketplace’s network, however, offer add-ons to protect valuable items and cover relocation costs for an added price.
Again, those looking to compare quotes and snatch the best deals will find brokers and aggregator sites useful.
Marketplaces like Insure.com, however, take the game to another level by offering comprehensive information on the insurance products they sell and allowing customers to reach out questions and concerns.
Considering reviewing your homeowner’s insurance policy today to see if you can save.
Remember, costs can change, and so can your home value, so keeping your policy up-to-date is not only protection for your home, but possible savings to your monthly budget.*While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.