Cheap Home Insurance Company – Find out which is the best home insurance company in our in-depth home insurance comparison guide based on cost, customer reviews and Net Promoter Scores.
The best home insurance companies offer policies to protect everything that makes your house a home without breaking your budget. You may also want to work with a home insurance company that is willing to help if you have a claim. This guide can help you find that company. We’ve evaluated dozens of companies on several key factors, including cost, customer reviews and Net Promoter Scores (NPS), so you can find the best home insurance for you.
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We’ve included ourselves in the analysis so you can see how our performance stacks up against some of the top homeowners insurance companies in the country. You’ll also find some tips on how to compare home insurance companies so you can make informed choices and choose the best home owner insurance to protect your home and family.
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Homeowners insurance costs vary drastically from state to state and even county to county. So when you look at average premiums to get an idea of what you’ll pay for coverage, it doesn’t show anything specific to your situation.
That said, below is an apples-to-apples cost comparison of the average annual premiums on a newly constructed home with $300,000 in homeowner coverage based on filings with the Florida Office of Insurance Regulation. This will give you a solid idea of who has the best rates in Florida – one of the most expensive places to buy home insurance.
What we found wasn’t surprising—at least not to us. came in with the lowest rates in Florida at $1,316 per year on average. That makes us 15 percent cheaper than the next cheapest solution (First Protective at $1,523 per year) and 68 percent cheaper than the most expensive solution (Bankers Insurance at $2,222 per year).
While price is important, it is not the only factor to consider when choosing the best home insurance company. Customer reviews can tell you a lot about a home insurance company, such as:
Allstate Home Insurance Review & Complaints: Home Insurance
You’ll certainly want to read a handful of reviews to learn about the individual customer experience, but you can get a general idea of customer satisfaction by averaging the review scores.
For all homeowner insurance companies below, we’ve looked at online review sites (including Trustpilot, Google Reviews and Clearsurance) that allow users to rate their experience on a scale of one to five.
As you can see, customers like their experience, but GeoVera’s customers are generally less satisfied with their service. Some companies such as Bankers Insurance and Universal Property and Casualty Insurance have positive reviews, but some of these home insurance companies fall far short of even a mediocre customer experience. Many reviewers for low-rated companies cited expensive premiums and a poor claims experience as the source of their dissatisfaction.
A Net Promoter Score indicates whether a customer is likely to recommend a business to a friend or family member. As you can imagine, this is quite valuable to an insurance company. A high score means a customer was so impressed with their experience that they trust the company to protect the people they care about.
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The average NPS for the home insurance industry is 42 out of 100, a tragic score by any standard. This means that people are not impressed with their home insurance companies.
Our NPS is 85 – more than double the industry average. The next national carrier to come close to this score is USAA at 77. See the chart below to find out how other national carriers fare.
This list is not exhaustive, but these are the home insurance companies that have the largest presence in some of our most competitive markets. Note: These links will take you to our company reviews so you can see how each company fares:
2) If you live in an area prone to natural disasters, look for an insurance company that offers hurricane insurance and flood insurance.
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The best home insurance providers are those who don’t force you to settle for less coverage and are financially strong enough to pay your claims. They can work within your budget, offer tailored coverage and have both great customer reviews and ratings.Written by Elizabeth RivelliWritten by Elizabeth RivelliArrow Right Insurance Contributor Elizabeth Rivelli is a contributing insurance writer for and has years of experience writing for insurance domains such as e.g. The Simple Dollar, Coverage.com and NextAdvisor, among others Connect with Elizabeth Rivelli on LinkedIn Linkedin Contact Elizabeth Rivelli via email Email Elizabeth Rivelli
Edited by Angelica Leicht Edited by Angelica LeichtArrow Right Insurance Editor Angelica Leicht is the insurance editor on the team. She is truly passionate about helping readers make informed decisions for their wallets, whether the goal is finding the right comprehensive auto policy or the best life insurance policy for their needs. Angelica Leicht
At , we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed underwriters with a combined 47 years in the auto, home and life insurance industry. While we strictly comply
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Universal Property & Casualty Insurance: Rates & Ratings
Founded in 1976, has a long history of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in what action to take next.
Follows a strict editorial policy, so you can trust that we put your interests first. All of our content is written by highly qualified professionals and edited by subject matter experts who ensure that everything we publish is objective, accurate and reliable.
Our insurance team consists of agents, data analysts and customers like you. They focus on the points that consumers care about the most – price, customer service, policy features and savings opportunities – so you can feel confident about which provider is right for you.
All dealers discussed on our site are vetted based on the value they offer. And we constantly review our criteria to make sure we put accuracy first.
Rochester Home Insurance Rates, Quotes & Agents Reviews & Analysis In New York
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