Homeowners Insurance Companies
A homeowner’s insurance policy can act as a financial insurance cover for what may be the single largest purchase in a person’s life. The right policy should help protect you from the costs of rebuilding after a fire, replacing stolen items, repairing your home from storm damage, or from liability lawsuits if someone hits your property.
With our ranking of the best homeowner insurance companies for 2022, we want to give you the knowledge you need to find the best homeowner insurance company for your needs. In our company reviews and home insurance guides, we discuss a variety of information from availability, pricing, policies and additional coverage to the application process and how to file a claim.
The best home insurance companies in detail
Lemonade
Lemonade stands out in our ranking for being almost completely online. You can register, make claims. Make changes to your policy and cancel your insurance either through the mobile application or their website. This can be a huge advantage for those who prefer to file a claim online and don’t have to talk to an agent. Furthermore, if there is a home emergency that leaves you offline, there is still a phone number you can call.
Lemonade offers the option of additional coverage without a deduction for high-value personal belongings. Such as jewelry, camera equipment, and musical equipment. She is also proud to give to charities through her Giveback Program.
USAA
USAA stands out in our rankings for providing its services and policies primarily to members of the military, veterans and their immediate family members. USAA is also one of the only companies in our ranking that offers coverage in case you fall victim to identity theft. Identity theft protection comes standard USAA policy, while most other companies in our rating offer it as an add-on.
Unlike many competitors, USAA offers homeowner insurance in every state. And if you’re looking to invest in a home security system, USAA has partnered with ADT to offer discounts to home insurance policy holders.
Amica
Amica offers competitive rates with the other companies in our ranking. Which also makes our homeowner’s insurance companies the cheapest rated for 2022, and offers plenty of options for homeowners insurance coverage including laptop add-ons, home business, and identity theft.
Amica is the only home insurance provider in our ranking that offers a dividend-paying insurance policy. Which means you get a percentage of your annual premiums refunded. Amica also offers a type of all-in-one policy called the Amica Platinum Choice that combines a number of add-ons. Such as its extended coverage for valuable items and backup water jet/sump pump options, into one homeowner’s insurance policy.
Allstate
Allstate offers a variety of coverage options to complement a standard homeowner’s insurance policy. These options include relatively popular options like scheduled personal property coverage for high-value resident items. But also less common coverage geared specifically toward sports equipment, musical instruments, and your yard and garden. Allstate will also pair you with a local agent. When you become a client to better customize your coverage to meet your needs.
While Allstate is one of the most expensive homeowner insurance companies in our ranking. They offer a number of discounts that may lower the cost of premiums for you.
State Farm
State Farm is one of the few companies in our ranking that offers homeowner insurance policies in all 50 states. Its standard policy is competitive with other companies in our rating. It also offers a variety of less common discounts, such as installing a shockproof roof. Available policy options include identity theft coverage and wastewater backup.
State Farm has an extensive network of 20,000 insurance agents in the United States. If you feel more comfortable buying insurance from a local agent, you should be able to find one near you.
Nationwide
Available in all but three states, a standard Nationwide policy includes coverage for credit or debit card fraud and rebuilding your home to the current code in the event of a covered disaster. It also offers so-called Brand New Belongings benefit, where you will be compensated for both the depreciable value of the covered property and the additional cost of purchasing new items.
There are several options that can be added to a homeowner’s policy such as replacement cost. Which pays the full replacement cost of the covered item, rather than the depreciated value, and identity theft coverage.
