7 Best Homeowners Insurance Companies of May 2022
Our Top Picks for the Best Homeowners Insurance
Lemonade – Best Home Insurance Company for Online Service
Hippo – Best Home Insurance Company for Online Service Runner-up
Erie Insurance Company – Best Home Insurance Company for Range Coverage Options
Allstate – Best Home Insurance Company for Claim-Free Homeowners
Amica Mutual – Best Home Insurance Company for Customer Service
USAA – Best Home Insurance Company for Military Members
AIG – Best for High-Value Homes
Other Home Insurance Companies We Considered
Your home is your biggest asset, protecting it should be a top priority.
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When looking for the best homeowners insurance policy, several attributes of each company may be important to think about. Considering a carrier’s available coverage options, ability to handle claims, customer satisfaction and financial stability will help you ensure your homeowners insurance policy fully suits your needs. Bankrate utilized market share percentages, customer satisfaction ratings from the latest 2021 J.D. Power U.S. Home Insurance Study and 2022 J.D. Power U.S. Property Claims Satisfaction Study, and financial strength ratings from major credit rating agencies to help you evaluate the best homeowners insurance companies.
Another common priority when looking for the best homeowners insurance is affordability. Our editorial team analyzed 2022 average quoted premiums from Quadrant Information Services to determine top carrier options. We also reviewed standard discounts that could help decrease your premium. Some discounts are fairly standard, like bundling your home and auto insurance for a multiple policy discount, or earning a home security discount for home monitoring or alarms. Others may be more unique, such as a new home construction discount from Progressive and a nonsmoker discount with NJM. Looking for discount opportunities could be a significant advantage in saving on home insurance.
The rates below are based on a homeowner having $250,000 in dwelling coverage, the primary coverage component of any standard home insurance policy that helps pay to repair or rebuild your home after a covered loss. The home insurance companies we chose to feature offer a variety of coverage options, a combination of competitive rates and discount options, plus unique features that allow you to personalize your policy to your needs.
