Home Insurance

The Best Homeowners Insurance Companies for 2021

We looked at customer experience, coverage, discounts and more to determine the best home insurance companies.

Dots Square
Dots Square
Buying a new home is one of the most important decisions you’ll ever make.
Whether you have submitted a loan or are in the process of moving, making sure that your new home is safe, secure, and insured should become a top priority.

Home insurance is there to offer you a support system in case of unexpected situations. Some of these common accidents include fires, storms, or hail damage. If you are buying your house with a mortgage, it may be required to protect your loan.
Dots Square
Dots Square
Top homeowners insurance companies
Here are some of the best known homeowners insurance companies out there and how they compare to other corporations of their specialty.

The Hartford
Allstate
Chubb
The Hanover
Nationwide
State Farm
Travelers


Since it is such a major decision, you should take some time to explore the best homeowners insurance companies that are currently in the market. You’ll want to compare the key benefits of different insurance options to see what would best suit your new home. Some benefits to keep in mind are: personal property coverage, deductibles, plan flexibility, bundle options, the claims process and of course, overall cost.
More on the best home insurance companies

Nationwide

5.0  Shiirs rating
Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Although they are particularly known for their auto insurance, Nationwide offers many opportunities for homeowners insurance. Nationwide includes law insurance in their policies, meaning that any covered losses that need to be updated on your home could be covered.

Overall, if you are looking for a company that offers bundles with homeowners insurance, Nationwide is a good fit. They are also known for exhibiting exemplary customer service and giving their clients digital access to their claims by phone or computer.

If you are thinking of bundling homeowners and auto insurance, Nationwide may be the perfect fit for you. They also provide services for condo, renters, motorcycle, dental, ATV, travel, or moped insurance. However, keep in mind that they are primarily known for their excellent auto insurance policies.

Compare Home Insurance options

Although they are particularly known for their auto insurance, Nationwide offers many opportunities for homeowners insurance…

Learn More About Nationwide

Hippo

5.0  Shiirs rating
Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Best known for its emphasis on consumer experience, Hippo includes an assistive policy known as Spinnaker Insurance. As of August 2020, it is fairly new and provides a 1 minute “instant quote” that allows customers to compare Hippo other insurance policies on the spot.

Hippo is high-tech and knows it. Established in 2015, it is among a new trend of companies utilizing Insurance Technology, or “Insurtech.” Along with its insurance policies comes a guaranteed Smart Home, with built in features including home monitoring systems.

If you are tech savvy and enjoy taking advantage of Smart Home opportunities that can be done completely online, Hippo may be the best fit for you. However, it should be noted that they do not offer any bundles, so you would need to focus your attention elsewhere if you are searching for insurance bundles.

Compare Home Insurance options

Best known for its emphasis on consumer experience, Hippo includes an assistive policy known as Spinnaker Insurance.

Learn More About Hippo

Travelers

5.0  Shiirs rating
Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Travelers prides itself on being a Green homeowners insurance company. Although it is optional, their Green plan offers to work on your home with environmentally friendly construction materials. They cover the extra costs that come with sustainable construction and will offer you a discount if it is certified by the Leadership Energy and Environmental Design Organization, or LEED.

Reputable and customizable, Travelers has a long and upstanding position in the homeowners insurance world. Established in 1864, Travelers offers other services like identity fraud or sump pump coverage.

If you would like to work with a flexible, sustainable, and individualized homeowners insurance company, Travelers may be the one for you. However, it should be noted that they do not cover mobile or manufactured homes, so make sure that you don’t accidentally sign up for coverage that you may not qualify for.

Compare Home Insurance options

Travelers prides itself on being a Green homeowners insurance company. Although it is optional, their Green plan offers …

Learn More About Travelers

State Farm

5.0  Shiirs rating
Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Known for its humble beginnings and offering a very personalized experience to its customers, State Farm was established by a retired farmer and insurance salesman. Since its start in 1922, it has grown to become the largest homeowners insurance company in the U.S.

State Farm offers several additions to a typical homeowners insurance policy with very little cost to you. This includes an aspect known as an “increased dwelling limit” that extends a replacement cost by 20%. Granted, this means that your home must be insured up to the probable replacement cost, but it is completely free to utilize.

If you tend to work well with a dedicated agent who personalizes your insurance coverage with you, State Farm may be a great choice. However, if you are someone who prefers a more hands-off approach to your insurance, their online services may be less advanced than some newer homeowners insurance companies.

Compare Home Insurance options

Known for its humble beginnings and offering a very personalized experience to its customers, State Farm was established by a retired farmer

Learn More About State Farm

The Hanover

4.5  Shiirs rating
Lorem ipsum dolor sit amet, consectetur adipiscing elit.
The Hanover is best known for their abnormally numerous and unusual offers. While many of these are completely optional, they offer many additional add-ons to their plans that are not included with other insurance companies.

Another unique aspect about the Hanover is their roof restoration coverage. This is included as an option for clients, which means that damage done to your siding or roofing could be covered along with many other available options they offer to their customers.

If you are someone that likes insurance policies and enjoys getting a lot out of your plans, this may be the one for you. However, The Hanover is not available in all states and you can’t get a quote online.

Compare Home Insurance options

The Hanover is best known for their abnormally numerous and unusual offers. While many of these are completely optional …

Learn More About Hanover

Allstate

4.5  Shiirs rating
Lorem ipsum dolor sit amet, consectetur adipiscing elit.
As the nation’s second largest home insurer, you can expect a well-rounded and reputable service that includes a number of unusual perks with Allstate’s plans. They have a user-friendly website that allows you to get a free quote or speak with an agent.

With Allstate, you will be able to have the majority of your needs covered with their large bundles and robust add-ons. Some of these benefits include landscaping repairs, recovery of electronic data, or even add-ons for scheduled personal property (this is when you add high-value personal property items to your insurance policy).

If you are interested in working with an esteemed company with a lot of policy options, Allstate may be a good fit for you. Keep in mind that they have been reported to have an average rating for property claims, so make sure you do your research to find the plan that works for you.

Compare Home Insurance options

As the nation’s second largest home insurer, you can expect a well-rounded and reputable service that includes a number of unusual perks with Allstate’s …

Learn More About Allstate

The Hartford

4.5  Shiirs rating
Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Best known for their partnership with AARP, The Hartford aims their services for those who are 50 and up. You do not need to be an AARP member to get a free quote, and they still offer plenty of options for clients who aren’t members.

The Hartford typically offers a standard package that includes replacement protection, reimbursement for replacing locks, and coverage that pays for damages from a libel or slander claim. They have a good reputation for paying claims in a timely manner, as well.

If you are looking for a respectable company or you happen to be above the age of 50, The Hartford could be a great fit. However, it should be kept in mind that you must purchase a home or auto policy to buy other benefits from them, so make sure that you do your research to find the right fit for your home.

Compare Home Insurance options

Best known for their partnership with AARP, The Hartford aims their services for those who are 50 and up. You do not need to be an AARP member to get a free quote, and they still offer plenty of options for clients who aren’t members. …

Learn More About The Hartford
The Best Homeowners Insurance Companies for 2021
Comparing Home Insurance
Step 1: How much coverage do you need?

The cost of home insurance largely depends on the amount of coverage you are paying for. Typically, the more coverage you have, the more it costs. It’s important that you determine the amount of coverage you want your home insurance to have. One of the most important factors in determining the coverage you need is the price of rebuilding your house in the event of severe property damage.

You should also consider the amount of out-of-pocket costs, or deductible, that comes with your insurance plan. Additionally, evaluate if you will need additional coverage for valuable items, such as jewelry and other personal objects. Depending on the region you live in, you may want to consider coverage upgrades for floods, earthquakes, hurricanes, or other natural disasters that your region is prone to experience.
Step 2: Get some quotes

After you have a clear idea of the kinds of coverage you’re seeking, contact home insurance companies for quotes. You’ll want to receive a quote from at least three different companies to ensure you are getting the best price for the amount of coverage you want.

It’s important to get multiple quotes because each insurance company uses its own formula to calculate the cost of its coverage. There is a chance that one company’s formula will result in a higher cost of coverage than you would get with another insurance company.

Keep in mind that quotes are only estimates; the actual cost of coverage may be different than your estimate. You can request an insurance quote online, over the phone, or by reaching out to a broker or insurance agent.
Step 3: Look into discounts

Shopping around for discounts ensures that you are getting the most out of the investment you make when you buy home insurance.

Many companies offer discounts to customers with multiple insurance plans with their company. For instance, an insurance company may offer a discount to customers who have both a home and auto insurance policy with that company. Insurance companies may also offer discounts for installing a home security system or if a homeowner does not file an insurance claim for multiple consecutive years.
Step 4: See what other customers have to say

Most people check the reviews on a product they buy online before purchasing it, but people don’t always do that with their home insurance. J.D. Power conducts yearly surveys of homeowner experiences with different insurance companies. Their survey data is available in their Consumer Reports, but a paid membership is required to access and compare survey scores between companies.

The National Association of Insurance Commissioners, or NAIC, offers consumers information on complaints that are filed against insurance companies with state legislators. The NAIC also explains whether or not the number of complaints filed against a company is abnormal based on the size of the company.
Step 5: Compare companies’ financial health

An insurance company’s financial health indicates its ability to pay back claims filed by its customers. Best’s Consumer Center allows customers to evaluate the financial health of insurance companies so that they can make well-informed decisions when choosing a home insurance company.

Buying home insurance can be a stressful process, but it doesn’t have to be if you are informed about what each insurance company has to offer and what you want out of your home insurance. Properly evaluating companies’ pricing options, discounts, coverage, and financial health will ensure that you purchase coverage from the company that is right for you, your home, and your family.
Frequently Asked Questions

Homeowners insurance typically covers your dwelling, other structures of your property, liability for injuries or damage to someone else’s property, and personal property.

Each coverage in a homeowners insurance policy is subject to a maximum amount your policy would pay toward a covered loss. In most cases, you will have to pay a deductible before your insurance benefit kicks in. Each policy is different, so please confirm with your agent if you are not 100% sure.