Bankrate’s thorough research highlighted the following 10 insurers to be the top home insurance companies in the market. Our list of the best homeowners insurance companies includes providers that offer a broad range of coverage options so that you can build the best home insurance policy for your needs. To help narrow down your search, we also selected a key characteristic of each provider to highlight what makes it stand out from the pack.
| Insurance company | Best for | J.D. Power | AM Best | Average annual premium* | |
|---|---|---|---|---|---|
|
USAA
3.7 Bankrate Score
|
Best overall
|
884
/1,000
|
A++
(Superior)
|
$969
|
Get a quote |
|
Allstate
Rating: 3.5 stars out of 5
3.5 Bankrate Score
|
Best overall
|
815
/1,000
|
A+
(Superior)
|
$1,340
|
Get a quote |
|
Lemonade
4.1 Bankrate Score
|
Best for digital experience
|
Not rated
|
A
(Excellent)
|
N/A
|
Read review |
|
Chubb
3.5 Bankrate Score
|
Best for high-value home coverage
|
809
/1,000
|
A++
(Superior)
|
$1,775
|
Get a quote |
|
Amica
3.5 Bankrate Score
|
Best for customer experience
|
849
/1,000
|
A+
(Superior)
|
$2,996
|
Read review |
How Bankrate picked the best homeowners insurance companies
The home insurance market can be complicated, but Bankrate’s insurance editorial team used our unique perspective to bring readers the information they need to make educated decisions when shopping for new home insurance. Aside from average 2023 premiums provided by Quadrant Information Services, we also evaluated carriers based on other important metrics such as third-party customer satisfaction scores, endorsement options, nationwide availability, and more. We then converted this data into a proprietary Bankrate Score, ranging from 0.0 to 5.0. The higher a carrier’s score, the better it ranked in each of our categories. To make our list of best homeowners insurance companies, we chose carriers that:
- Earned a Bankrate Score of 3.0 or higher
- Scored within 25 points of the segment average for customer satisfaction in the J.D. Power 2022 U.S. Home Insurance Study (for companies that were included).
- Have an AM Best financial strength rating of A (Excellent) or better
- Were ranked by Bankrate as the best company for specific market segments, based on the company’s unique features
