Best Homeowners Insurance Companies in 2021

Buying a house is probably one of the biggest purchases you will ever make and choosing the right homeowners insurance company ensures that it is correctly protected.

PolicyPals team

Published December 15, 2020.

Homeowners insurance is an important choice that protects one of the biggest purchases you will ever make. Your home is incredibly important for your financial future. Below you will find some ideas about what homeowners insurance company might be right for you. Just remember, it is crucial to look at all elements of an insurance to make the best decision for your individual situation and your home.

Best Homeowners Insurance Company for Replacement Coverage: Nationwide

The best option if you want great replacement coverage for your home is Nationwide. They increase your limit automatically by 20% in the case that you need to rebuild your entire home. They also offer discounts for home upgrades, like heating, plumbing, air condition, and the like. When replacing homes, Nationwide will also provide better roofs for the same cost.

The overall benefits from Nationwide and their replacement cost policies make this company a fantastic choice for those who absolutely love their home and worry about keeping it in tip-top shape.

Best Homeowners Insurance Company for Customer Satisfaction: Amica

For the homeowners insurance company with the highest customer service rating, Amica has been the number one choice for eighteen years in a row. The company is in excellent financial strength which is important for longevity and the ability to pay out claims. Frequently, customers report getting great rates and customer service form Amica, despite the fact that the company does not use local agents like some other larger insurers.

Another important note, Amica is not available in all states. Be sure to check availability before setting your heart on this company.

Best Homeowners Insurance Company for First-Time Homebuyers: State Farm

The best homeowners insurance for first-time homebuyers is State Farm. State Farm has huge bundling discounts on their home insurance policies and generous longevity discounts. Their local agents can also come out and help directly with claims if need be.

Buying a home can be daunting, but local agents and their staff are specially trained to help alleviate stress for first-time homebuyers, meaning you can expect help every step of the way. If you are looking for personalized service, State Farm is the company for you.

Best Homeowners Insurance Company for US. Military Families: USAA

The best homeowner’s insurance company for military is USAA. USAA exclusively serves the military and their families for insurance and investing needs. They make it easy to make claims, move, and serve all their members with pride. It only takes one phone conversation with a representative to get the perfect homeowner’s insurance for your military family.

USAA employs military veterans and spouses to best serve those who serve. They ensure a seamless claims process with their app and impeccable customer service.

Best Homeowners Insurance Company for Bundles: Allstate

If you want an amazing bundle, Allstate is the choice for you. When you bundle with your car insurance you can save up to 25% on your premiums. On top of that, if you opt for automatic payments, you can save an additional 5%.

If you hear this and want to switch, it may be the right choice for you: Allstate also offers discounts for new transfers with no claims. This is a customer service focused company that helps you stretch your dollar with great bundling options.

Best Online Homeowners Insurance Company: Progressive

If you want a great online experience for your homeowner’s insurance experience, Hippo is the way to go. Within seconds, you can enter your home address and get a quote along with accurate specs of your home. It is a highly functional app that allows users to insure their home in minutes.

f you want high-tech speed, Hippo may be the choice for you, just make sure it is available in your state. If it isn’t check out other companies with highly user-friendly apps, like Progressive.

Cheapest Homeowners Insurance Company

The cheapest option for homeowner’s insurance is Lemonade. Lemonade is a relatively new peer-to-peer company. They have incredibly low rates, starting at 25 dollars per month, and they offer policies with no deductible. That means you can make a claim and never pay a penny out of your own pocket.

As far as claims go, they are also known for near-instant claim payments, which is almost unheard of in the insurance universe. If you are looking for something new and cheap, Lemonade might be the perfect option for you.

Top 8 Home Insurance Companies

Home Insurance Company A.M. Best Rating Best for
State Farm
Local agents near you
Coverage for energy-efficient appliances
Reduced rates for a damage-resistant roof
Best customer service ratings
Easy claims process
Affordable policy rates
Easy-to-understand products and services
Customizable coverage options
Online educational tools, great for first-time buyers
Best service for military families
Easy-to-use mobile app
Coverage is available in all states
All-digital platform
Low-cost monthly plans
Easy-to-use website and mobile app; good discounts and savings on policies
Tech focused products
Very fast quotes
Large number of coverage opyions

No matter what company you choose, make sure your home is properly protected by doing your research and thinking about what is best for you and your family’s needs. If you still have questions, or need help to understand how much home insurance you need, reach out to an agent you trust.