“The Top Home Insurance Companies for August 2023”

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31/08/2023

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 Rating: 3.7 stars out of 5 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 Rating: 4.1 stars out of 5 4.1 Bankrate Score	Best for digital experience	Not rated	A (Excellent)	N/A	Read review
Chubb Rating: 3.5 stars out of 5 3.5 Bankrate Score	Best for high-value home coverage	809 /1,000	A++ (Superior)	$1,775	Get a quote
Amica Rating: 3.5 stars out of 5 3.5 Bankrate Score	Best for customer experience	849 /1,000	A+ (Superior)	$2,996	Read review

See all

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Insurance Disclosure

*Based on policies with $250K dwelling coverage for 2023

**USAA not officially ranked with J.D. Power due to eligibility restrictions

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