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Best companies
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Budget-Friendly Options
| Editor's rating | |
|
Annual cost
| $1,514 |
|
Monthly cost
| $126 |
| Online quotes |
Available |
Pros & cons
Why State Farm is great
Potential issues
Ratings
Pros
One of the cheapest companies
Great for bundling since it also has cheap car insurance
Cons
Policies not available in California or
other places it thinks are risky
Mixed customer service reviews
A basic set of coverage add-ons
State Farm is the best home insurance company if you prefer to manage your policy online.
State Farm offers online quotes, so you can quickly compare rates when shopping for home insurance. It also has a highly rated app, where you can easily file a claim, make changes to your policy or pay your bill.
State Farm also has some of the best home insurance rates, compared to other major companies. At $1,514, home insurance from State Farm is 30% cheaper than the national average.
State Farm is also a very popular insurance company. In fact, it's the largest home insurance company in 39 states and Washington, D.C..
The main downside of State Farm home insurance is that its policy options are fairly basic. If you want to customize your policy, Auto-Owners will give you a better set of coverage options. And if you have an expensive home, Chubb is a better choice.
In addition, State Farm doesn't always get the best customer reviews. Although it earned an above-average rating from J.D. Power, State Farm gets
23% more customer complaints than an average company its size.
Most complaints are about State Farm's long claims process, so it may take longer to fix your home after it's damaged.
State Farm has also stopped selling home insurance in California. Even though its rates have been steady overall, State Farm may not be a good choice if you live in a high-risk area.
| Claims satisfaction | Better than average | |
|
AM Best
| A++ | |
| Customer complaints | 23% more than average | |
Top Rated Companies
| Editor's rating | |
| Cost | $248/mo ($500,000 home)
$454/mo ($1 million home) |
| Online quotes |
Must use an agent |
Pros & cons
Why Chubb is great
Potential issues
Ratings
Pros
Great coverage for expensive homes
Personalized customer service
Cons
May not offer coverage for moderately priced homes
Chubb is the best homeowners insurance if you have an expensive home and want concierge-style service.
In addition to the standard types of home insurance coverage, Chubb offers specialty benefits such as wildfire defense, home scans to find issues, risk consulting and the option to get a cash payout if your home is destroyed.
Policies also include a property manager service for second homes at risk of hurricane damage. After a storm, Chubb can send an inspector to check your home, send you a report, start a claim for you and arrange for urgent repairs.
Plus, you can get high liability limits of up to $100 million so that you'll have protection if there's an injury on your property.
Chubb's coverage options aren't a good fit if your home has a moderate value or you need a typical home insurance policy. A company like Amica is better for most people because you'll have coverage options that are more relevant and the ability to manage your policy online.
| Claims satisfaction | Excellent | |
|
AM Best
| A++ | |
| Customer complaints | 92% fewer than average | |
Budget-Friendly Options
| Editor rating | |
|
Annual cost
| $1,521 |
|
Monthly cost
| $127 |
| Online quotes |
Available |
Pros & cons
Why Amica is great
Potential issues
Ratings
Pros
Exceptional customer service
Low rates and lots of discounts
Cons
Not as many coverage options
Amica is the best homeowners insurance company due to its great customer service and affordable rates.
Amica earned the second-highest rating on J.D. Power's home insurance customer survey, behind only USAA. In addition, Amica only gets
around one-third as many complaints as an average company its size.
So if your home or something in it is damaged, Amica's quick claims process and great service will help you get repairs made quickly.
Amica also has some of the best rates, along with a good set of discounts. Home insurance from Amica costs an average of
$1,521 per year.
That's 30% cheaper than the national average.
The main downside of Amica home insurance is its limited coverage options. You can choose between two packages — standard or platinum.
There are a few customizations you can add on, such as coverage for water backups or replacing belongings if they're lost or stolen. But some useful coverage choices aren't available, such as equipment breakdown or guaranteed replacement coverage to pay to rebuild your home, no matter what it costs.
| Claims satisfaction | Best ranked company | |
|
AM Best
| A+ | |
| Customer complaints | 63% fewer than average | |
Maximum Protection
| Editor's rating | |
|
Annual cost
| $942 |
|
Monthly cost
| $79 |
| Online quotes |
Available |
Pros & cons
Why NJM is great
Potential issues
Ratings
Pros
Very few customer complaints
Cons
Only available in
5 states
No app to help manage your policy
NJM is the best homeowners insurance company if you live in Connecticut, Maryland, New Jersey, Ohio or Pennsylvania.
NJM's home insurance is extremely affordable. At $942 per year, home insurance from NJM costs less than half the national average of $2,159 per year. In addition, NJM has lots of discounts to help lower your rates. This includes a discount for homeowners over the age of 65, which makes NJM one of the best home insurance companies for seniors.
NJM also offers lots of ways to personalize your coverage, including
fungi and rot protection
and extra protection for valuable items, like jewelry.
Since NJM is only available in
5 states
, many people can't buy a policy.
Unlike many other midsize insurance companies, you can get a quote for NJM home insurance online. But the company doesn't have an app where you can manage your policy or file a claim. That means you'll have to log into its online portal or contact an agent if you want to change your coverage or report damage.
|
AM Best
| A+ | |
| Customer complaints | 94% fewer than average | |
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