Compare home insurance quotes: Find the best coverage & rates today
Comparing home insurance quotes from multiple companies is the best way to find the right coverage for your needs. In the following article, we'll touch on which information you'll need to get quotes, factors to consider throughout your comparison, and how to compare home insurance quotes right here with Policygenius.
Key takeaways
A home insurance quote is an estimate of how much you'll pay for a homeowners insurance policy.
Your homeowners insurance quote is based on several factors, including how much coverage you need, your home's location, and your policy deductible.
To ensure you're not missing out on the best coverage and rates, you should compare quotes from at least three companies.
You can compare quotes from different companies through a home insurance marketplace like Policygenius — all for free and with minimal information or effort required. Simply provide your home's address and a couple of other details, and we'll run your quotes.
Shoppers have saved an average of 30% on their home insurance
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How to compare home insurance quotes
When you compare homeowners insurance quotes, it's important to consider more than just the cheapest option. More precisely, you'll want to look at which company offers the best price on the amount of coverage that you need.
Here’s a step-by-step look at how to compare home insurance quotes.
1. Decide where to get homeowners insurance quotes
Your first order of business will be deciding how you'd like to get home insurance quotes. There are generally three main options for finding and purchasing a policy: an online insurance marketplace, a captive agent, or an independent agent or broker.
Online marketplaces: You can compare home insurance quotes from multiple companies and purchase your next policy for free through an online insurance marketplace like Policygenius.
Independent agents or brokers: You can also compare quotes through a local independent insurance agent that represents several different insurance companies. You can also hire an independent home insurance broker to help you find a policy, though they may charge a fee for their services.
Captive agents: A captive agent only works with a single insurance company. State Farm is an example of an insurance company that only employs captive agents to sell its policies. While these agents are generally experts in a particular company's policy options and can help you find which one best suits your needs, they're not recommended for comparison shopping.
If you prefer purchasing insurance on the phone or in person, then a local independent agent or broker is probably your best bet.
But if speed, value, and overall ease-of-use are your priorities, then we recommend getting home insurance quotes through our online marketplace at Policygenius. Simply click the get free quotes button anywhere on this page to get started.
Genius tip: Information you’ll need for your home insurance quote
For a potentially faster and more accurate home insurance quote comparison, consider having the following information on-hand.
Address of the property
Square footage
Year built
Number of residents and your relation to them
The age and material of your roof
Home heating type
Home foundation type
Your claims history
Number of pets and the breed of any dogs you may own
Recent home improvements or renovations
Information about protective devices like fire sprinklers, security systems, or fire alarms
2. Consider what type of home insurance you need
Thanks to advances in technology and our ability to collect and analyze tens of thousands of data points in seconds, most insurance providers, including Policygenius, can provide you with an estimate of your home's replacement cost and other coverage limits on your behalf.
What you'll need to determine is whether you want a home insurance policy that provides the least amount of protection for your home and belongings but is potentially more affordable (like an HO-2), a policy that provides the most complete protection for both your home and belongings but is generally more expensive (like an HO-5), or something in between the two (such as an HO-3).
Types of home insurance quotes
Here are the three main types of homeowners insurance that your home insurance quotes will likely be based on.
HO-2 – Broad Form: An HO-2 policy is the most limited type of home insurance in terms of coverage, protecting both the structure of your home and yourpersonal propertyfrom the 16 causes of damage or loss (or "named" perils) outlined in your policy and nothing else.
HO-3 – Special Form:AnHO-3 policyis the most common form of homeowners insurance and an upgrade over the HO-2, covering your home's structure and other structures on your property from all perils except the 10 or so "open perils" listed on the policy.
HO-5 – Comprehensive Form:AnHO-5comprehensive form policy offers the most complete coverage for single-family homes. While similar to the HO-3, these policies generally offer more robust coverage for personal belongings.
Learn more >>8 different types of homeowners insurance
What home insurance usually covers
The following perils are generallycovered in a standard homeowners insurance policy, whether you opt for a basic or more comprehensive policy.
1. Fire or lightning
2. Windstorm and hail
3. Explosions
4. Riot or civil commotion
5. Damage caused by aircraft
6. Damage caused by vehicles
7. Smoke
8. Volcanic eruption
9. Vandalism and malicious mischief
10. Theft
11. Falling objects
12. Weight of snow, ice, or sleet
13. Accidental discharge/overflow of water
14. Sudden tearing/cracking of appliances
15. Freezing
16. Power surges
What home insurance does NOT usually cover
Generally, HO-3 and HO-5 homeowners insurance policies will cover your home and personal belongings against most types of damage or losses. However, there are several common disasters and liability-related expenses that are not covered by any home insurance policy unless you purchase additional coverage.
Flooding
Earth movements
Pest infestations
Mold or wet rot
Certain dog breeds
Wear and tear or neglect
Power surges caused by your utility company
Home-based business liability
Local building ordinance or law
Intentional damage
Nuclear hazards
War
Government action
Most companies offer a slew of coverage add-ons (or endorsem*nts) that cover your home and personal belongings against normally excluded causes of damage or loss. Examples of coverage endorsem*nts include water backup, equipment breakdown, and scheduled personal property coverage.
Genius tip: Additional insurance you can get quotes for
Most standard homeowners insurance policies do not cover damage to your home or belongings that’s caused by earthquakes or floods, but you can purchase additional coverage or compare standalone insurance policies to make sure you're protected.
Flood insurance: Homeowners insurance never includes coverage for damage caused by flooding. A licensed insurance expert at Policygenius can help you compare quotes from private flood insurers or help get you set up with aflood insurance policythrough the National Flood Insurance Program (NFIP) — a FEMA-backed program.
Earthquake insurance: Homeowners insurance also doesn’t cover earthquake damage. Depending on the company, you may be able to purchase earthquake coverage for your home insurance or a separateearthquake insurance policy.
3. Evaluate how much of each coverage you need
A basic homeowners insurance policy comes with six main coverages that cover the cost to rebuild your home, replace your personal belongings, protect your assets from expensive lawsuits, and more.
Here's a rundown of what each coverage does and how much of each one you generally need.
Coverage type | What it does | How much you need |
|---|---|---|
Dwelling | Pays to repair or rebuild your house and structures attached to it | Enough to completely rebuild your home from the ground up |
Other structures | Pays to repair or rebuild your shed, guest house, fence, or other structures on your property not attached to your home | 10% of your dwelling coverage limit |
Personal property | Pays to replace furniture, electronics, kitchen appliances, and other stuff you own | 50% to 70% of your dwelling coverage limit |
Loss of use | Pays for hotel stays, rentals, restaurant bills, and other temporary expenses while your home is being rebuilt | 20% of your dwelling coverage limit |
Personal liability | Pays for guests' medical bills and legal expenses if you’re found legally responsible | $100,000 to $500,000 |
Medical payments to others | Pays for guests' medical bills from minor injuries — regardless of who’s at fault | $1,000 to $5,000 |
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In addition to having an idea of how much of each coverage you need, you should also look at how claim settlements are determined for each coverage in your quote when comparing policies from different companies.
Here's the two main loss settlement options for dwelling and personal property coverage claims.
Actual cash value: The cheapest option, actual cash value reimburses you for the value of your propertyminusthe cost of depreciation, or wear and tear. This leaves you paying more out of pocket when you file a claim.
Replacement cost value:This level of coverage reimburses you for thevalue of your property at today’s prices. Replacement cost coverage provides larger payouts when you make a claim compared to actual cash value.
Genius tip: Consider enhanced dwelling & personal property replacement cost coverage
Most standard home insurance policies come with replacement cost dwelling coverage and actual cash value personal property coverage by default.
For an additional cost, you may have the option to upgrade your personal property coverage to replacement cost to ensure depreciation isn't subtracted from personal property claim payouts.
Most companies also offer extended replacement cost dwelling coverage, which increases your dwelling coverage limit an extra 25% to 50% — whichever amount you choose — in the event the cost to rebuild your home exceeds your coverage limits. And some even go a step further and offer guaranteed replacement cost coverage, which pays the full cost of rebuilding your home after a covered loss regardless of whether this amount exceeds your policy limits or not.
Shoppers have saved an average of 30% on their home insurance
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Sample home insurance quote comparison
Here's an example of two quotes you might get for home insurance coverage and how to compare them.
Annual premium: $2,035
Dwelling coverage: $300,000 with extended replacement coverage
Personal property coverage: $150,000 with actual cash value coverage
Personal liability coverage: $500,000
Standard deductible: $2,000
Wind/hail deductible: 3% of dwelling coverage ($9,000)
Annual premium: $2,627
Dwelling coverage: $300,000 with guaranteed replacement coverage
Personal property coverage: $150,000 with replacement cost coverage
Personal liability coverage: $500,000
Standard deductible: $500
Wind/hail deductible: 5% of dwelling coverage ($15,000)
Quotes are used for illustrative purposes only. Actual rates and coverage limits will vary by customer.
Looking at the two fictional quotes above, you can see that while State Farm has higher premiums than Allstate, you only have to pay $500 when you file a standard claim — versus $2,000 with Allstate.
You'll also notice that both State Farm and Allstate have the same coverage limits for your dwelling and personal property. However, State Farm's quote comes with more comprehensive protection in the form of guaranteed replacement cost coverage for your house and replacement cost coverage for your belongings.
Comparing all of these different coverage types and limits can help you determine which quote makes the most sense for your needs and budget.
How to find the best home insurance quote
To help you compare the best home insurance quotes from Policygenius, our team of home insurance experts examined average home insurance rates and discounts, along with additional coverage options available — like flood endorsem*nts and inflation guard protection.
We also factored in customer satisfaction scores with J.D. Power and financial strength ratings with AM Best to give each of the largest home insurance companies by market share an overall Policygenius rating.
When comparing rates in your best home insurance quotes, keep in mind that the average annual cost of home insurance is $1,754 for a policy with $300,000 in dwelling coverage.
Company | Policygenius rating ★★★★★ | J.D. Power score | Average annual premium | |
|---|---|---|---|---|
Auto-Owners Insurance | 5 out of 5 ★ | 825/1000 | $1,406 | |
USAA | 4.9 out of 5 ★ | 884/1000* | $1,479 | |
State Farm | 4.8 out of 5 ★ | 829/1000 | $1,887 | |
Amica | 4.6 out of 5 ★ | 849/1000 | $1,756 | |
American Family | 4.5 out of 5 ★ | 842/1000 | $1,692 | |
Erie | 4.5 out of 5 ★ | 827/1000 | $1,284 | |
Farmers | 4.5 out of 5 ★ | 792/1000 | $1,845 | |
Nationwide | 4.5 out of 5 ★ | 816/1000 | $1,966 | |
Progressive | 4.5 out of 5 ★ | 801/1000 | N/A | |
Allstate | 4.4 out of 5 ★ | 815/1000 | $1,650 | |
Travelers | 4.4 out of 5 ★ | 794/1000 | $1,568 | |
AAA | 4.3 out of 5 ★ | 816/1000 | $1,879 | |
Chubb | 4.3 out of 5 ★ | 809/1000 | $1,706 | |
Safeco | 4.3 out of 5 ★ | 809/1000 | $1,633 | |
AIG | 4.2 out of 5 ★ | 830/1000 | $1,339 |
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* Based on 2022 sample homeowners insurance quotes for a home with $300,000 in dwelling coverage and a $1,000 deductible ** Based on J.D. Power's latest home insurance customer satisfaction survey released in September 2022*** USAA isn't officially ranked with J.D. Power due to eligibility
Learn more >> Home insurance reviews methodology
Home insurance company reviews
Our company ratings and home insurance reviews are based on many of the same factors to consider while comparing home insurance quotes, including average rates, coverage options, customer service, and financial ratings. And for a more personalized recommendation, you can refer to our list of the best home insurance companies for a variety of coverage needs and preferences.
Here’s an in-depth look at five top rated companies that offer home insurance quotes through Policygenius.
2024 Policygenius award winner
Allstate
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.4
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A+
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Why we chose it
Allstate is one of the most popular home insurance providers in the country thanks to several customizable options, unique coverage add-ons like short-term rental coverage, and availability in all 50 states.
Pros and cons
Pros
High-quality and flexible policy options
Numerous discounts and features that help you save
Below-average customer complaints
Cons
No longer sells home insurance policies in California
Below-average digital experience rating with J.D. Power
More details
While its customer satisfaction score with J.D. Power is slightly below the industry average, it received fewer customer complaints from 2019 to 2021 compared to other companies its size, according to the National Association of Insurance Commissioners (NAIC).
And with an average premium of $1,650 per year, you can expect your Allstate insurance home quote estimate to hover right around the national average.
Read our full review of Allstate home insurance
2024 Policygenius award winner
Nationwide
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.5
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A+
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
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$
$
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Why we chose it
Nationwide home insurance features a slew of comprehensive coverage options. It also received high marks for claims satisfaction with J.D. Power, indicating you can rely on Nationwide when it matters most.
Pros and cons
Pros
Multiple high-quality coverage options
Highly rated for claims satisfaction with J.D. Power
Available in most states
Cons
Below-average customer satisfaction and digital experience ratings
Won’t cover Airbnbs or other short-term rentals
More details
With an average premium of $1,966 per year, Nationwide home insurance is a hair more expensive than the national average. But it offers plenty of discounts to help keep your rates down, including discounts if you recently renovated your home or invested in a qualifying smart home device, and a home and auto bundling discount that can help you save an average of 13% on premiums.
But where Nationwide really stands out is its enhanced dwelling coverage options, offering both extended and guaranteed replacement cost — two coverages that belong on every home policy in disaster-prone states.
Read our full review of Nationwide home insurance
2024 Policygenius award winner
Openly
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.6
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A-
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Why we chose it
Openly insures homes up to $5 million with its impressive lineup of customizable policy add-ons that come with high coverage limits — and the best part? Its rates are surprisingly affordable considering its high-net worth customer base.
Pros and cons
Pros
Offers up to $5 million in coverage for high-value homes
Robust lineup of policy add-ons with high limits to customize coverage to fit your needs
No restrictions on pools without fences or dangerous dog breeds
Cons
Only available in 21 states
Fewer home insurance discounts than competitors
Not included in J.D. Power’s customer satisfaction studies
More details
Despite being founded in 2017, Openly has wasted no time becoming one of the best home insurance options for high net-worth homeowners looking for dwelling coverage limits of up to $5 million and higher limits of protection for expensive valuables and keepsakes.
With an average premium of $1,125 per year, Openly home insurance is significantly cheaper than the national average — though keep in mind that it only writes policies in 21 states.
Read our full review of Openly home insurance
Progressive
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.5
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A+
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
NA
Why we chose it
Progressive is ideal if you’re looking to purchase home and auto insurance policies at the same time to score discounts on your premiums.
Pros and cons
Pros
Available in all states except Alaska and Hawaii
Slew of policy and discount options available
Easy-to-use app to manage policy
Cons
Not a direct insurance carrier
Cost varies by company Progressive places you with
Customer service & claims options vary by company
More details
With availability in all states except two and a generous multi-policy discount, Progressive is the ideal insurance company for homeowners who have a car or other types of property to insure. It also earned an above-average rating in J.D. Power’s 2022 digital experience study, indicating customer satisfaction with Progressive’s mobile and web experience.
However, Progressive isn’t a direct insurance carrier. This means your coverage, rates, and claims experience will depend on which company it places you with. Because of this, Progressive may not be the best choice for homeowners who prefer paying their bills and filing claims all with one company.
Read our full review of Progressive home insurance
2024 Policygenius award winner
Travelers
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.4
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A++
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Why we chose it
Travelers is one of the oldest and most trusted home insurance providers in the business thanks to its industry-best financial ratings, flexible policy options for most home types and budgets, and availability in nearly every U.S. state.
Pros and cons
Pros
Green home coverage and discounts
Offers short-term rental coverage for Airbnb hosts
Doesn’t require prior insurance on the home
Cons
Subpar customer service ratings with J.D. Power
Underwhelming number of available discounts
More details
Travelers is one of our top-rated home insurance providers, featuring average rates below the national average, flexible policy options for most home types and situations, unique coverages like green home and short-term rental protection, and the highest AM Best rating (A++) a company can receive.
However, Travelers offers fewer discounts than most companies of its size, and its scores in J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys indicate that Travelers’ customer service could use some improvement.
Read our full review of Travelers home insurance
While our reviews can help familiarize you with each company’s strengths and weaknesses and inform your comparison, the best homeowners for you are based on factors specific to you and your home. At Policygenius, our customers save an average of 30% on homeowners insurance while also securing the best coverage for their needs thanks to our extensive mix of company and policy options.
Shoppers have saved an average of 30% on their home insurance
Get free quotes
We don't sell your information to third parties.
Find the cheapest home insurance quote in your state
Along with coverage limits, your home's location has a major impact on your home insurance rates. States with frequent hurricanes, wildfires, and other disasters often have higher average home insurance rates, while states with cooler or more mild weather have the cheapest average premiums.
State | Average monthly premium | Average annual premium | Percentage difference from national average |
Alabama | $165 | $1,982 | 4% |
Alaska | $117 | $1,398 | -26% |
Arizona | $147 | $1,762 | -7% |
Arkansas | $244 | $2,924 | 54% |
California | $120 | $1,436 | -24% |
Colorado | $206 | $2,472 | 30% |
Connecticut | $113 | $1,359 | -28% |
Delaware | $77 | $928 | -51% |
District of Columbia | $96 | $1,154 | -39% |
Florida | $204 | $2,442 | 29% |
Georgia | $163 | $1,956 | 3% |
Hawaii | $41 | $486 | -74% |
Idaho | $113 | $1,352 | -29% |
Illinois | $148 | $1,775 | -7% |
Indiana | $143 | $1,719 | -9% |
Iowa | $143 | $1,714 | -10% |
Kansas | $258 | $3,094 | 63% |
Kentucky | $219 | $2,622 | 38% |
Louisiana | $209 | $2,507 | 32% |
Maine | $90 | $1,076 | -43% |
Maryland | $131 | $1,575 | -17% |
Massachusetts | $107 | $1,285 | -32% |
Michigan | $129 | $1,550 | -18% |
Minnesota | $161 | $1,937 | 2% |
Mississippi | $221 | $2,655 | 40% |
Missouri | $219 | $2,627 | 38% |
Montana | $184 | $2,213 | 17% |
Nebraska | $312 | $3,741 | 97% |
Nevada | $101 | $1,209 | -36% |
New Hampshire | $81 | $967 | -49% |
New Jersey | $75 | $904 | -52% |
New Mexico | $141 | $1,686 | -11% |
New York | $95 | $1,139 | -40% |
North Carolina | $132 | $1,580 | -17% |
North Dakota | $158 | $1,890 | 0% |
Ohio | $108 | $1,297 | -32% |
Oklahoma | $353 | $4,230 | 123% |
Oregon | $75 | $905 | -52% |
Pennsylvania | $97 | $1,162 | -39% |
Rhode Island | $113 | $1,358 | -28% |
South Carolina | $141 | $1,696 | -11% |
South Dakota | $202 | $2,418 | 27% |
Tennessee | $187 | $2,242 | 18% |
Texas | $252 | $3,027 | 59% |
Utah | $77 | $923 | -51% |
Vermont | $75 | $900 | -53% |
Virginia | $111 | $1,329 | -30% |
Washington | $101 | $1,216 | -36% |
West Virginia | $122 | $1,464 | -23% |
Wisconsin | $98 | $1,177 | -38% |
Wyoming | $133 | $1,599 | -16% |
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Avg. annual premium:
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The latest research & surveys from Policygenius
Home Insurance Pricing Report
Home insurance prices are roughly 35% higher nationally compared to two years ago,with several wildfire and tornado-prone states accounting for the largest average increases.
Read the full report
Home Insurance & Inflation Survey
Majority of U.S. homeowners may not have enough insurance to rebuild their homes after a disaster like a hurricane, tornado, or wildfire.
Read the full report
Home Insurance & Climate Change Survey
Roughly 64% of young homeowners expect to move due to climate change in the next 30 years.
Read the full report
Shoppers have saved an average of 30% on their home insurance
Get free quotes
We don't sell your information to third parties.
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Frequently asked questions
What is homeowners insurance?
Homeowners insurance is a form of property insurance that protects your home and personal belongings in the event they're destroyed by a covered loss, like a fire or windstorm. It can also protect your assets in the event you're found legally responsible for someone's injury or damage to their property.
What is a home insurance quote?
A home insurance quote is an estimate of how much you’ll pay for a policy based on details about your home, credit score, claims history, and coverage limits. All insurance companies have their own way of calculating quotes, so premium estimates can vary widely across insurers.
How can I get a good deal on my home insurance?
You’ll want to compare quotes to choose the insurer and policy that offers the coverage you need at the most affordable cost. Look for companies that offer discounts, like money off for bundling your home and auto insurance.
How do I know how much home insurance I need?
Homeowners insurance coverage needs vary from homeowner to homeowner. In general, your coverage amounts should be high enough to cover your home’s rebuild cost (meaning the cost to rebuild it completely if it were destroyed), the monetary value of your personal belongings, and your combined assets. If you need flood or earthquake coverage, you’ll need to buy those separately.
Are there different homeowners insurance requirements by state?
No, homeowners insurance is not required by law in any state. However, most lenders will require proof of home insurance before you can close on a property.
Average savings of 30% per year on home insurance: Savings are determined by calculating the average difference between the lowest and second lowest home insurance policy estimates provided to shoppers with two or more estimates between 06/01/2020 and 05/18/2021. Potential savings are based on a composite of multiple different contracts and insurers. Not all policies in this calculation are available in all states, and availability may be based on eligibility. Savings may vary by policy amount and location.
Average home insurance cost: Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
