Compare Home Owners Insurance

From company reputation and customer experience to online presence and customer service, we research everything you need to compare home owners insurance and make a decision. Learn how our editors compare the different factors of home owners insurance below.
Disclosure: We receive advertising revenue from some partners. Learn more.
Select 2 home owners insurance companies to compare

Homeowners Insurance-What You Need to Know


Although you can technically own your home with without homeowners insurance, if you are financing your home with a mortgage the lender will require you to have it.  Homeowners insurance covers your dwelling and its contents from most major calamities. Things like fires, hurricanes, tornados, etc. Floods and earthquakes are not typically covered and have to be purchased independently or as add-ons.

Many factors influence the cost of homeowners insurance. Location, proximity to emergency services, type of coverage all play a part.

It is estimated that two thirds of Americans are currently underinsured when it comes to homeowners insurance. People typically choose an amount of coverage equal to the current value of their house, as required by the mortgage lender. This theoretically would be enough to replace the house in the event of a catastrophic total loss.

As time passes though, a variety of things could cause the actual cost of rebuilding the dwelling to far exceed the original covered figure. Building materials and labor may be more expensive, codes could have changed, etc.

How does homeowners insurance work?

In the United States, standard homeowners insurance policies covers six (6) core components. Meaning, when you purchase homeowners insurance this is what typically is being covered.


1. Dwelling -The actual physical structure in which you live.
2. Other Structures - Any other structures on your property not used for business.
3. Personal Property - This is subject to certain restrictions and limits depending on your policy and provider.
4. Loss of Use - This will pay for additional expenses you may incur if you cannot live in your home. For example, a hurricane renders your house unlivable and you have to live in a hotel or rent a trailer.


5. Personal Liability - This will cover any damages sought by someone injured on your property. The vast majority of these cases are due to dog bites.
6. Medical Payment - Pays the medical expenses of the above person injured on your property.

The different policies home insurance entities offer are defined by what types of events that can befall your property. These events have traditionally been called “perils”.  Policies are categorized from HO (home owners) 1-6. For our purposes, we will be focusing on H02, HO3 and HO5. HO1 is so basic most US states no longer accept it. HO4 is insurance for renters and HO6 is for condominium owners.

The difference between these 3 policies has mainly to do with how they cover 1) the physical structure of your dwelling, and 2) the contents.


Covers your dwelling and its contents if they are affected by the “16 named perils” and no more. These are:

Vehicle Damage
Falling Objects
Volcanic Activity
Riot/Civil Disorder
Aircraft Damage
Ice, sleet, snow
Sudden or accidental burning or tearing apart
Damage from electrical current
Overflow from plumbing, AC, etc.


Homeowners Claims by Type 2010-2014



This is the most popular form of homeowner’s policy. It covers your dwelling from any possible peril (beyond the 16 named perils) except if the peril is specifically excluded in the policy. Floods and earthquakes are a good example of perils that are usually specifically excluded.

However, HO3 only covers the contents of your home (your belongings) for the 16 named perils.


This coverage is also called “Comprehensive Form.” It covers your dwelling AND contents from any possible peril unless it has been specifically excluded in the policy.

**When talking about replacing damaged contents it is also important to understand there are two basic options. A policy with “cash value” replacement will pay for your items factoring in depreciation, i.e. what they are worth now. A “replacement value” policy will pay to have your items replaced with brand new items.


As mentioned above, many factors influence the cost of your premiums including the location of your house and amount of coverage. What’s more, the cost of homeowners insurance fluctuates wildly depending on the state in which you live, making it exceedingly difficult to compare company premiums with any degree of accuracy.

Homeowners Highest and Lowest Cost by State 2013

Your premium can also be influenced by discounts offered by a given company. Some providers offer reductions for things like your house’s proximity to a fire station, fire alarms and air monitors, or sprinkler systems just to name a few.

Taking everything into consideration, we’ve decided to ranks homeowners insurance providers by these 5 criteria:

Company Reputation
Customer Experience
Online Presence
Customer Service

How we Compare Home Owners Insurance

Company Reputation - 28%
Customer Experience - 31%
Discounts - 19%
Online Presence - 19%
Customer Service - 3%

Company Reputation

Home Owners Insurance with the Best Company Reputation:

EsuranceProgressiveLiberty MutualAllstateFarmersUSAANationwideInsuraMatch
Standard and Poor'sAAAAAAAA-A+AAAA+
FitchNot RatedA+A-A-A+AA+A
Moody'sNot RatedAa2A2Aa3A2AaaA1
AM BestA-A+AA+AA++A+
Years of Operation18 years80 years105 years85 years89 years95 years91 years
States of Operation42485050505050

Customer Experience

Home Owners Insurance with the Best Customer Experience:

EsuranceProgressiveLiberty MutualAllstateFarmersUSAANationwideInsuraMatch
NAIC Complaint Ratio1.932.730.000.880.000.480.00
2016 JD Power Home Insurance Study None825812829815898817 2016 Home Insurance Study None84.584.290.38697.584.7
BBB Grade A+AA+A-A+A+A+
BBB Reviews 0%2%6%3%27%11%1%
Consumer’s Advocate


Home Owners Insurance with the Best Discounts:

EsuranceProgressiveLiberty MutualAllstateFarmersUSAANationwideInsuraMatch
Multi-Line Discount YesYesYesYesYesYesYes
Higher Deductibles/Lower Premiums YesYesYesYesYesYesYes
Alarm System YesYesYesYesYesYesYes
New/Remodeled Home Credit NoNoYesYesYesYesYes
Automatic Detection Devices YesYesYesYesYesYesYes
Loyalty Discount YesNoNoNoYesYesYes
Claims-Free (discount for never making claims) YesNoYesYesYesYesYes
E-discount NoNoNoNoNoNoNo
Automatic Payment Discount NoNoNoYesYesYesNo
Gated Community – Extra layer of security NoNoNoYesYesNoYes
New Wiring YesNoNoNoNoNoNo
Impact Resistant Roofing YesNoNoYesYesYesYes
Community Watch NoNoNoNoNoNoYes
Non-smoker YesNoNoYesYesYesYes

Online Presence

Home Owners Insurance with the Best Online Presence:

EsuranceProgressiveLiberty MutualAllstateFarmersUSAANationwideInsuraMatch
Online Quotes YesYesYesYesYesYesYes
Online Calculator YesNoYesYesYesYesYes
Online Policy Management YesYesYesYesYesYesYes
Online Educational Materials Provides how-to videos and other helpful informationVery informative technical help and resourcesGives several informative topicsHelpful quick linksUseful tips and resources about home insurance and oter productsGives helpful topics and linksInformative member resources and learning center
Mobile App YesYesYesYesYesYesYes

Customer Service

Home Owners Insurance with the Best Customer Service:

EsuranceProgressiveLiberty MutualAllstateFarmersUSAANationwideInsuraMatch
Hours of availability 24/724/7Mon.-Fri. 8 am-10 pm ET, Sat. 8 am-8 pm ET, Sun. 11 am-5 pm ET 24/7Mon-Fri 7:00am to 11:00pm CST, Sat-Sun 8:00am to 8:00pm CST24/724/7
Social Media Twitter, FacebookTwitter, FacebookTwitter, FacebookTwitter, Facebook, Pinterest, Instagram, Google +Twitter, FacebookTwitter, Facebook, Pinterest, InstagramTwitter, Facebook, Google +

Full Home Owners Insurance Comparison

Company ReputationCustomer ExperienceDiscountsOnline PresenceCustomer Service
Esurance Home Insurance9.59.89.510.09.0
Progressive Home Insurance10.
Liberty Mutual Home Insurance9.
Allstate Home Insurance10.
Farmers Home Insurance9.
USAA Home Insurance9.
Nationwide Home Insurance9.
InsuraMatch Homeowners Insurance9.
Select 2 home owners insurance companies to compare


What is Home Insurance?

Home insurance (also referred to as homeowners insurance) protects your home, property and personal belongings from damage resulting from accidents such as fire, natural disaster, theft and vandalism. Additionally, it also includes liability coverage in case you or your property are responsible for accidents and bodily injury that occur in connection with your property. For instance, if your usually harmless dog bites the mailman, a tree in your yard falls on your neighbor’s new sports car, or a girl scout falls on your driveway while delivering cookies.

Am I required to have homeowners insurance?

Homeowners insurance is not required by law, but if your home is being financed by a mortgage, chances are the lender will require you to have a homeowner insurance policy. This will protect you (and their financial interest in your home) against any unforeseen damage.

If you buy a condominium or co-op, your housing association may also require you to purchase insurance regardless as to whether or not you have a mortgage. And some townhome communities have group insurance coverage, which only requires you to have renters insurance, so it’s worth looking into before making any purchases.

Even if you aren’t required to have homeowners insurance, many people still choose to cover themselves. The cost of repair after a natural disaster or accident can cost tens of thousands of dollars, making home insurance a worthwhile purchase for most.

How much does home insurance cost?

The answer to this question is based on a number of factors including your home’s age, quality of construction and materials used, location, risk factors, your credit score, preventative measures taken (like smoke detectors or home security systems), and others.

The average cost of homeowner insurance varies significantly by state, and most sources report state averages fall between $550 and $2000, with the national average around $1000.

Latest Reviews

Willie A
Atlanta, Georgia
I have been insured with USAA for approx. 3 years and have been very please with their level of customer service. Over these few years I have filed multiple claims with my home and cars due to no fault of my own. I have experienced lightening damage to my house and a tree falling onto the roof. I have a few claims with my automobiles due to uninsured or under insured motorist. USAA did not give me any problem with these claims. They were very responsive to my calls and move the claim swiftly. I have been very pleased with them. The only concern I have is the substantial increase in my policy over these few years. I expect it to increase but not this much. I believe USAA is a great company, but I may need to look for another carrier with lower rates for the next year. Hopefully, they will treat me with the same level of customer service that I received from USAA.

Reviews help other customers make decisions. Share your experience with Home Owners Insurance