Homeowners Insurance Review

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If you have lived in your home for decades or have just made your first home purchase, it makes sense to have a good homeowners insurance policy to protect your home and your belongings. The majority of mortgage lenders require homeowners insurance, and even if you own your home, maintaining a home insurance policy is a wise choice as it can help cover costs from disasters, theft and injury.

However, being required to have house insurance doesn't mean that you should pick the first homeowners insurance provider that comes along. If you do, you may end up overpaying or missing coverage that a general policy does not include. Your home will probably be one of the biggest investments of your life, so you should protect it with the best defense, a homeowners insurance policy. Use our research to find some of the best homeowners insurance providers such as State Farm, Liberty Mutual and Amica. In addition to our home insurance reviews, you can read articles about house insurance and other topics in our learning center.

Homeowners Insurance: What to Look For

The best homeowners insurance companies are those who listen and tailor your policy to your needs, all with an affordable price. But with so many providers claiming in their ads that they can save you money, it can be difficult to decide. Before you call to get a home insurance quote, use the following criteria and our reviews to cut through the sea of home insurance companies.

Insurance Services Provided
Homeowners insurance covers a private residence and consists of two parts: property protection and liability coverage. Property protection insures your home and belongings from theft or damage while liability covers visitors to your home who may injure themselves.

Getting enough coverage is essential, as covering the bare minimum will not usually leave enough to start over if your home is lost to disaster. Most insurance companies offer a free online quote, and many have a dedicated app that allows you to access your account.

When looking for a home insurance policy, take into consideration if the company provides insurance in your state as well as if the company has enough agents to provide the help you need in a timely manner. Another feature the best homeowners insurance providers include is the ability to add extra coverage for specific items, known as endorsements, online from your account without having to call your insurance agent.

Claims & Customer Service
Getting quotes quickly; responsive, helpful customer service and making claims easily on your policy are important factors in choosing the right insurance company. We rated the online quote functions of each of the insurers on our lineup and checked out their online claim operations. While very few companies have live chat capabilities, many have phone lines dedicated to 24/7 claim support as most disasters aren't polite enough to wait until business hours.

Policy Discounts Available
A homeowners insurance policy that saves you money is incredibly important. We compared the available discounts on homeowners insurance offered by the top insurance companies and found a wide variety of ways to save. The most common discounts include holding multiple policies with a company, having security and fire safety devices and never having made any previous claims. A few companies have even implemented a dividend program that gives you money back for not having any claims during a certain time period.

Additional Policies Available
While homeowners insurance usually covers the majority of your home, you may want to add specific policies, depending on your home's location or special needs. Examples of additional policies include flood, windstorm and earthquake insurance. Also, it is good to know if an insurance company will cover your condo, manufactured home or farm.

Company Viability
The company that provides your homeowners insurance policy should be financially sound and have agents available when you need them. While all insurers in our lineup are financially fit, some are stronger than others. We compared the top home insurance companies, taking into consideration their profitability and market share, agent availability and the turnaround time for claim payouts.

Finding a provider who protects your home with great coverage at the lowest price is essential when shopping for homeowners insurance. Fortunately, there are many great companies and policies to choose from, so narrowing down which homeowner insurance provider to use becomes the challenge. By using the above criteria in your search for the best homeowners insurance, you will be well equipped to choose the best home insurance that suits your needs.

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Rank #1#2#3#4#5#6#7#8#9#10
10-9  Excellent
8-6    Good
5-4    Average
3-2    Poor
1-0    Bad
State Farm Insurance Liberty Mutual Amica Allstate Farmers Insurance USAA Travelers Insurance Nationwide AmFam ANPAC
State Farm Insurance Liberty Mutual Amica Allstate Farmers Insurance USAA Travelers Insurance Nationwide AmFam ANPAC
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Ratings
9.63
9.35
9.20
9.15
9.00
8.92
8.82
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8.35
10
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8
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10.00
9.50
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10.00
10.00
9.38
8.75
8.75
9.50
8.63
9.75
10.00
8.75
8.75
9.13
9.38
8.75
8.75
10.00
8.75
8.75
8.75
10.00
9.38
9.00
8.20
8.75
10.00
9.25
8.75
8.50
8.75
8.75
10.00
8.13
8.75
8.75
8.75
8.75
6.88
10.00
8.75
8.75
8.75
8.75
8.13
8.25
8.13
8.13
 
Insurance Services Provided
States Serviced 50 50 48 50 50 50 50 50 19 50
Free Online Quote
 
 
Add Endorsements Online
  
  
Dedicated Mobile App
 
Mobile Account Access
Home Inventory Help
    
 
Automatic Payment Withdrawal
Local Agent Search
N/A
N/A
Condominium
Mobile Home
 
  
 
Farm & Ranch
 
 
Claims & Customer Service
Prompt Payout Score 85% 80% 90% 80% 80% 90% 80% 80% 80% 80%
File Claims Online
24-Hour Telephone Claims
 
FAQs
 
Telephone
Email
Live Chat  
    
 
Policy Discounts Available
Multiple Policy Discount
Burglar Alarm
Fire Alarm
Fire Sprinkler
 
 
No Previous Claims
Newly Constructed Home
Home Renovations
 
 
Loyalty   
  
  
 
Dividend Program   
  
   
Additional Policies Available
Flood
Earthquake
Windstorm & Hail
 
Water Damage
Mold
   
   
Identity Theft
 
Company Viability
Profit (2013) 3.1 billion 829 million 149.5 million 2.3 billion Not Available 2.8 billion 2.5 billion 748 million 360.5 million Not Available
Estimated Market Share 21% 6.44% 0.74% 9.14% 6.19% 5.32% 4.14% 3.8% 2.06% >.10%
Number of Agents 17,800+ 2,300+ N/A 10,000+ 50,000+ N/A 14,000+ 6,400+ 3,500+ 2,000+