Homeowners insurance is the bill most people set up once at closing and never look at again. That is expensive. Prices for the same house can differ by hundreds of dollars a year from one insurer to the next, and the coverage you picked when you bought may no longer match what it would cost to rebuild.
Three questions sort out which company fits you. Do you also have a car to insure, since bundling is usually the largest discount available? Do you want a local agent or are you happy doing everything online? And is your home new, renovated or older? The picks below are organized around those answers. Tap one to jump to its card.
Best Homeowners Insurance Companies
Every fact on these cards was checked against the insurer's own site or the rating agency as of this update. Availability, coverages and discounts vary by state, so the quote is where you see your real price.
LemonadeBest for an all-digital policyfrom $25/mo1. Farmers
Best for bundling home and autoA strong first quote if you also insure a car.
Farmers sells homeowners insurance online, by phone and through local agents. A standard policy covers the house, your belongings and your liability, and you can add dozens of optional coverages such as guaranteed replacement cost and water backup.
Enter your ZIP code to start a home quote
Match the dwelling limit and deductible to your current policy so the prices compare
Ask which discounts apply, starting with the home and auto bundle
Want the fine print? Discounts, coverage options and what to know
Enter your ZIP code, compare the quote to your current policy and ask about the bundle.
2. Liberty Mutual
Best for new or renovated homesCustomizable home coverage from a long-established insurer.
Liberty Mutual homeowners insurance covers your dwelling, personal property, personal liability and additional living expenses, with optional coverages you can add. It has named discounts for a newly built or renovated home and for a new roof.
Enter your ZIP code to start a quote
Compare it to your current policy at the same dwelling limit and deductible
Ask about the multi-policy, new home and new roof discounts
Want the fine print? Discounts, coverage options and what to know
Start a quote with your ZIP code and compare it at the same coverage limits.
3. Lemonade
Best for an all-digital policyBest if you want everything handled in an app.
Lemonade is a fully digital insurer. You get a quote, manage your policy and file claims from the app, and simple claims can be paid quickly. It is a certified B-Corp that donates unclaimed money to causes its customers choose.
Answer a few questions in the app or on the site
Adjust your deductible and coverage until the price fits
File claims in the app if you ever need to
Want the fine print? Discounts, coverage options and what to know
Prices start at $25 a month and the quote takes a few minutes.
How the Top Picks Compare
| Company | Best for | How to get a quote | |
|---|---|---|---|
| Bundling home and auto, with an agent if you want one | Online, by phone or local agent | Get a Farmers home quote | |
| New or renovated homes and new roofs | Online, by phone or agent | See Liberty Mutual | |
Lemonade | An all-digital policy managed in an app | Online or in the app only | Check Lemonade prices |
More Homeowners Insurers Worth a Quote
The Insurance Information Institute recommends getting at least three quotes for the same coverage. If you want more names to compare against the picks above, these are worth a look.
| Insurer | Why it is worth a quote |
|---|---|
| Amica | Ranked highest for homeowners insurance in the J.D. Power 2026 U.S. Home Insurance Study, for the second year in a row. |
| Erie | Finished two points behind Amica in the same study. Sold through agents in 12 states and Washington, D.C. |
| State Farm | Ranked highest for renters insurance in the 2026 study and has a large network of local agents. |
| USAA | Open to military members, veterans and their families only. |
| Travelers | A national carrier sold online and through independent agents. |
How Much Does Homeowners Insurance Cost?
The average homeowners premium was $1,569 a year in 2022, up 11.2% from the year before, according to the Insurance Information Institute, citing data from the National Association of Insurance Commissioners. Your own price can land well above or below that. It depends on where you live, what it would cost to rebuild, the age of the roof, your claims history and the deductible you choose.
Insurance is one of several costs that catch new owners off guard. We cover the rest in hidden homeowner expenses. If you are still shopping for a home, add an insurance quote to the list of things to consider when buying a house, because the premium for two similar homes a few miles apart can be very different.
What Homeowners Insurance Covers
A standard policy is built from six parts. Knowing them makes it much easier to compare two quotes line by line.
| Coverage | What it pays for |
|---|---|
| Dwelling | Repairing or rebuilding the house itself |
| Other structures | Detached garage, shed, fence |
| Personal property | Furniture, clothes, electronics and other belongings |
| Loss of use | Hotel and living costs while your home is being repaired |
| Personal liability | Injury or property damage you are legally responsible for |
| Medical payments to others | Smaller medical bills for guests hurt on your property |
What it does not cover. Floods and earthquakes are excluded from standard homeowners policies and need to be bought separately. So is damage from wear and tear or neglected maintenance. A home warranty is a different product that covers appliances and systems when they break down from normal use.
Wind and hail were the largest source of homeowners claims in 2023 at 42.5%, followed by water damage and freezing at 22.6% and fire and lightning at 21.6%, according to the Insurance Information Institute. About 5.3% of insured homes had a claim that year, and the average payment was $20,062.
How Much Coverage Do You Need?
- Dwelling limit. Base it on what it would cost to rebuild the house today, not on the market value or what you owe on the mortgage. Land does not burn down, and construction costs move separately from home prices.
- Replacement cost or actual cash value. Replacement cost pays for new items. Actual cash value subtracts depreciation, so a ten-year-old couch pays out very little. Check which one each quote uses for your belongings.
- Guaranteed or extended replacement cost. This pays to rebuild even when the bill comes in above your dwelling limit. Farmers offers it as an option.
- Liability. Pick a limit that covers what you own. If your savings and home equity are higher than the liability limit, ask about an umbrella policy.
- Deductible. A higher deductible lowers the premium, but only choose one you could pay tomorrow. That is one more reason to keep an emergency fund.
If you have a mortgage, think about what happens to the payment if you are not around to make it. Homeowners life insurance covers that gap, and it is a separate policy from the one that covers the house.
How to Compare Homeowners Insurance Quotes
- Pull out your current declarations page. It lists your dwelling limit, deductible and every optional coverage you have.
- Get at least three quotes for the same coverage. Use identical limits and deductibles on each so you are comparing price, not coverage. Start with a Farmers home quote.
- Ask about every discount. Insurers do not always apply them automatically.
- Price the bundle. Ask each insurer what home and auto cost together. Our guide on how to shop for car insurance walks through the auto side.
- Check financial strength. An AM Best rating tells you whether the company can pay claims after a major disaster.
- Switch cleanly. Start the new policy on the day the old one ends, and tell your mortgage servicer if the premium is paid from escrow.
Discounts to Ask For
- Bundling. Home plus auto with the same insurer. Usually the largest discount on the list.
- Claim free. Farmers applies it after three consecutive years without a claim.
- New or renovated home. Newer construction and updated systems cost less to insure.
- New roof. Liberty Mutual lists a discount for it, and Farmers has one for UL-approved roofing.
- Protective devices. Fire alarms, security systems, sprinklers and smart home monitoring.
- Payment. Autopay, paperless documents and paying the year in full.
- Early shopper. Liberty Mutual offers one for quoting before your current policy expires.
Discount names and rules above are from Farmers and Liberty Mutual. Discounts vary by state and not everyone qualifies.
When Bundling Home and Auto Pays
Bundling works because the discount applies to both policies. Farmers says you can save 10% or more by bundling home and auto, depending on where you live. On two policies that together cost a few thousand dollars a year, that adds up quickly.
Farmers also reports that new customers who switched and bundled home and auto saved an average of $1,232 a year.* That is a survey of customers who switched and saved, so treat it as a reason to get the quote, not as a promise. The same footnote applies as on the Farmers card above.
To check your own numbers, get a Farmers home quote and a Farmers auto quote, then compare the pair to what you pay now. For more ways to cut the auto side, see our tips for saving money on car insurance.
Homeowners Insurance FAQs
No single insurer is best for every home. Farmers is our first pick for homeowners who can bundle home and auto, Liberty Mutual fits new or renovated homes, and Lemonade fits owners who want an all-digital policy. Get at least three quotes for the same coverage before you choose.
The average homeowners premium was $1,569 a year in 2022, according to the Insurance Information Institute. Your price depends on your location, the cost to rebuild, the age of your roof, your claims history and your deductible.
Usually, yes. Most insurers discount both policies when you buy them together. Farmers says you can save 10% or more by bundling home and auto, depending on where you live. Always compare the bundled price to the two best separate quotes.
No. Standard homeowners policies exclude flood and earthquake damage. Both are sold as separate policies, and a lender may require flood insurance if the home is in a high-risk flood zone.
Enough to rebuild the house at today's construction costs. That number is different from the market value and from your mortgage balance. Your insurer or agent can run a rebuild cost estimate when you get a quote.
In most cases you can switch at any point, not only at renewal. Start the new policy on the day the old one ends so there is no gap, and tell your mortgage servicer if your premium is paid from escrow.


