One of the most important purchases a person can make in their lifetime is their house, and having the peace of mind that comes with homeowners insurance may be invaluable. In the event of a fire, theft, storm damage, or someone being wounded on your property, the correct insurance coverage may assist cover the expenses of rebuilding, replacing stolen goods, and repairing your house.
To help you select the right homeowner’s insurance provider, we’ve compiled a list of the Best Homeowners Insurance Companies of 2021. All of this, as well as how to get a quote, how to submit a claim, and where to get more information is covered in our reviews and tips on house insurance companies.
ur Best Homeowners Insurance Rating
A standout feature of Lemonade is its online-only nature. Through its mobile app or website, you may sign up for insurance policies, make policy adjustments, or cancel them. For people who would rather not deal with an insurance agent and would rather make a claim online, this may be a significant benefit. There is also a phone number to contact in the event of a home emergency that prevents you from using the internet.
For high-value personal possessions like jewelry, cameras, and musical instruments, Lemonade offers optional additional coverage without a deductible. It also has a Giveback program in which it donates money to non-profit organizations.
A drawback of Lemonade is that it is not accessible everywhere like some of its competitors.
As a result, USAA receives the highest possible grade from us since it mainly serves military personnel, veterans, and their families. In addition, USAA is the only company in our ranking that provides assistance in the case of an identity theft incident. The baseline USAA insurance includes identity theft protection, although most of the other providers in our review offer it as an optional add-on.
USAA provides homes insurance in all 50 states, unlike many of its rivals. USAA has teamed up with ADT to provide savings to homeowners with USAA insurance policy who want to install a home security system.
If you’re looking for affordable house insurance, go no further than Amica. The company offers prices that are on par with those of other businesses in our ranking, earning it the title of “Cheapest Homeowners Insurance Companies of 2021.”
You may receive a portion of your yearly payments back from Amica’s house insurance policy, which is the only one in our review that does so. There’s also an Amica Platinum Choice, which is a form of all-in-one policy that includes many add-ons, such as expanded coverage for valuables and water backup/sump pump overflow possibilities, in a single homes insurance policy.
A broad range of coverage choices are available from Allstate to supplement the typical homes insurance policy. Scheduled personal property coverage for high-value assessed goods is one of the more prevalent possibilities, but there are also less common alternatives that cover particular types of equipment like sports equipment, musical instruments, and even your yard and garden. A local agent will be assigned to your account to help you customize your insurance policy to fit the specific requirements of you and your family.
When it comes to homeowner’s insurance, Allstate is one of the most costly, but it offers a variety of discounts that might lower your costs.
There are just a few businesses on our list that sell homeowners insurance coverage in all 50 states, and State Farm is one of them. Compared to the other firms in our rankings, basic insurance is a good deal. If you want to save money, you may get a discount for building an impact-resistant roof, for example. Coverage for identity theft and sewer backups are among the possibilities that are offered to you as an insurance policy.
There are more than 20,000 State Farm insurance agents in the United States. A local insurance agent should be able to assist you if you choose to buy your policy from them.
With the exception of three states, you may get basic insurance from Nationwide that covers both credit card fraud and the cost of bringing your house up to current construction codes after an insured catastrophe. As part of this benefit, you will be compensated for the depreciation of your protected things as well as the extra cost of purchasing replacement items if they are lost or damaged.
Replacement Cost, which pays for the full replacement cost of an insured item rather than its depreciated worth, and identity theft coverage are just two of the many options that may be added to your home’s insurance.
A big part of the American Family’s success is due to its local agents. To go along with its standard coverage, American Family also offers options such as “matching side,” which means that if part of the siding on your home is damaged, American Family will cover the replacement of the undamaged siding to ensure that it all complements one another. If your appliances, computers, smart components, and systems are damaged as a result of mechanical failure or an electrical or pressure system incident, you may also be eligible for equipment breakdown coverage.
Most states in the United States are not eligible for American Family’s homeowner’s insurance coverage.
Unlike many other insurance companies, Erie Insurance provides a baseline policy that includes guaranteed replacement cost, when many others simply offer this as an option or do not offer it at all. Water backup and sump pump overflow coverage are only two of the numerous possibilities that may be included in a home insurance policy. This year’s Cheapest Homeowners Insurance Companies rankings likewise put Erie at the top.
To put it mildly, Erie Insurance isn’t as readily accessible as some of the other insurers included in our top 10. Fewer than half of the states in the United States provide Erie homeowners insurance.
For the most affordable homeowners insurance, Liberty Mutual is one of the few firms that provide coverage in every state except Wyoming. Its base policy is comparable with other firms in our assessment, and it provides a broad range of policy add-ons. It’s possible to increase your coverage’s limitations to keep up with inflation, as well as reimbursement for the actual cost of replacing a covered item instead of merely its depreciated worth.
For example, Masterpiece Homeowners Insurance from Chubb provides coverage such as replacement cost and water backup for a regular policy. This service is provided by Wildfire Defense Systems (WDS), a company that collaborates with Chubb to provide free wildfire danger assessments, as well as assistance in evacuating or finding temporary housing.
When it comes to selling insurance coverage, Progressive is more like an insurance broker than the other firms in our list. This means that while Progressive may be your initial point of contact when making a claim, you won’t necessarily be dealing with Progressive directly. A broad choice of coverage options and prices are available to assist you to pick the insurance that best meets your requirements.
Progressive is able to present you with a broad selection of coverage options and prices to assist you to pick a policy that best fits your requirements because of their business style. All but two states, Florida and Iowa, have access to Progressive.
Each grade of Farmers Insurance’s homes insurance raises both the coverage limits and the number of features available to policyholders. It is possible to get a discount if you haven’t made a claim for a particular length of time, and the premiums won’t go up if you do. The deductibles decrease the longer your Farmers policy is valid, and the premiums won’t go up if you do. The top-tier Premier coverage comes with a Guaranteed Replacement Cost, although there are certain stipulations attached to this policy.