7 Best Homeowners Insurance Companies of January 2022

·26 min read
Jose Velez / Money
Jose Velez / Money
  1. Best Online Company


    Our Partner

    • Company Highlight:

      Flat fee to cover its own costs makes for a quick claims process

    • J.D. Power Satisfaction Score:


    • A.M. Best Rating:


    • Discounts:

      Homebuyer, 10% New Customer

    Check Price

  2. Best Range of Coverage Options


    Our Partner

    • Company Highlight:

      Offers Guaranteed Replacement Cost dwelling coverage on all policies

    • J.D. Power Satisfaction Score:

      #3 of 23

    • A.M. Best Rating:


    • Discounts:

      Multi-Policy, Advanced Quote, Fire/Burglary Alarm/Sprinkler System Credit

    Check Price

  3. Best for Claims-Free Homeowners


    Our Partner

    • Company Highlight:

      One claim every five years won't risk your discounts or raise your premiums

    • J.D. Power Satisfaction Score:

      #10 of 23

    • A.M. Best Rating:


    • Discounts:

      Multi-Policy, Responsible Payment, Claims-Free, Welcome and Loyalty, Homebuyer, Protective Device, Early Signing

    Check Price

  4. Best Customer Service


    Our Partner

    • Company Highlight:

      Has kept around 94% of their customer base

    • J.D. Power Satisfaction Score:

      #1 of 23

    • A.M. Best Rating:


    • Discounts:

      Multi-Policy, Loyalty, Claims-Free, Auto Pay, E-discount

    Check Price

  5. Best for Military Members


    Our Partner

    • Company Highlight:

      Includes Guaranteed Replacement Cost as a standard in all policies

    • J.D. Power Satisfaction Score:


    • A.M. Best Rating:


    • Discounts:

      Multi-policy, claims-free, security system discount

    Check Price

Homeowners insurance pays to repair or rebuild your home and replace its contents if they’re damaged by specific perils like fire, theft or a weather event such as wind or lightning.

If you’re not familiar with home insurance coverage and its policies, you might end up paying more than you should for inadequate coverage. To help you find a homeowners insurance policy that works for you, here are the seven best home insurance companies of 2022.

Our Top Picks for the Best Homeowners Insurance

  • Lemonade – Best Online Company

  • Hippo – Best Online Company Runner-up

  • Erie Insurance Company – Best Range of Coverage Options

  • Allstate – Best for Claims-Free Homeowners

  • Amica Mutual – Best Customer Service

  • USAA – Best for Military Members

  • AIG – Best for High-Value Homes


  • Unusually fast quotes and claims payments

  • Unused claims money is paid to a non-profit of your choice

  • Flat fee for administration, in addition to low monthly premiums

  • Demotech Financial Stability Rating: A


  • Not available in all 50 states

Why we chose Lemonade: Lemonade’s streamlined online services and use of AI make the process of getting quotes and filing claims easier and faster.

Lemonade Insurance is an online-only insurance company that uses artificial intelligence to provide notably fast home insurance quotes and claims payments. The company can provide a quote in a few minutes — you simply fill out a form on their website and choose the coverage amount you want.

The use of AI also makes the claims process unusually quick, with many reimbursements paid in a matter of minutes, the company says.

Lemonade also has unique and appealing approaches to paying for its operations and using company profits. Its operations are funded, at least in part, through a flat fee that’s added to the policy’s premium. Then, through its Lemonade Giveback program, it will donate up to 40% of premiums that haven’t been used to pay out claims to a non-profit organization of your choice.

Lemonade also offers a Standard selection of coverage options, including:

  • Dwelling coverage

  • Other structures coverage

  • Personal property coverage

  • Personal liability

  • Medical payments

  • Loss of use


  • Obtain an online quote in 60 seconds

  • Purchase a policy online in around 5 minutes

  • Get discounts when using Hippo's Smart Home System

  • Offers home-care services


  • Discounts for homes with digital and smart systems

  • Coverage is not available nationwide

Why we chose Hippo: Hippo’s use of technology both for customer service and improved home security makes them a top choice for tech-savvy homeowners.

Hippo allows customers to complete the quote process entirely online and get a quote in as fast as a minute, and receive a policy in as little as five minutes, the company claims.

Hippo also provides a smart home discount if you agree to install and use a free smart home monitoring system. There are several levels of kit, with escalating arrays of equipment. The company claims customers save an average of $64/year if they agree to installing the plain self-monitoring kit — which includes smoke, CO2 and water-leak detectors — and $91/year when opting for the pro monitoring kit, which adds 24/7 monitoring and emergency dispatch services.

Their Hippo also offers a HomeCare Expert program that provides professional service recommendations, via phone, to policyholders who need repairs or maintenance.

The company’s policy discounts are subject to the use of a smart home kit, given at no cost to eligible policyholders.

In addition to standard home insurance coverage, Hippo offers to cover:

  • Computers and home office equipment

  • Appliances and electronics

  • Smart home upgrades

  • House cleaners and sitters

  • Water backup

  • Service line protection

  • Enhanced rebuilding

  • Full replacement costs

  • Costs for local ordinance changes


  • Customizable coverage deductibles

  • Discounts available when bundling with auto insurance

  • Add-ons include liability coverage, identity recovery, and service line protection

  • J.D. Power Ranking: 3rd out of 22

  • A.M. Best Rating: A+


  • Only available in 12 states

Why we chose Erie: Erie’s standard policy includes guaranteed replacement cost and an array of add-on’s that usually cost extra — all valuable additions to an already solid insurance package.

Erie Insurance is among a handful of homeowners insurance companies that include guaranteed replacement cost coverage as part of their standard coverage. This allows homeowners to rebuild their home the way it was before the incident, rather than receiving a depreciated amount due to the home’s age. Their policy also includes roof damage coverage as well, although full replacement does cost extra.

Erie also offers a 16% to 25% discount for bundling and additional discounts if you install automatic sprinklers, smoke detectors, and burglar alarms.

The company is among the few insurers — along with Allstate and USAA — to offer, at additional cost, home-sharing coverage as an alternative to buying such insurance through AirBnB or Vrbo. As a rule, damage from paying guests is not covered under standard homeowners insurance.

Erie’s base policy also covers these other items, which cost extra with many other companies:

  • Valuables and hard-to-replace items

  • Gift card and gift certificates

  • Animals, birds, and fish

  • Cash and precious metals

You can also add the following coverage to any Erie policy:

  • Water backup and sump overflow

  • Personal liability coverage

  • Identity recovery services

  • Service line protection


  • Discounts for being claims-free

  • HostAdvantage add-on available for home-sharing or renting

  • A.M. Best Rating: A+


  • J.D. Power Ranking: 10th out of 22

  • HostAdvantage feature is not available in all 50 states

Why we chose Allstate: Allstate’s discounts for claims-free homeowners, solid reputation and great financial standing earns it a place on our list.

Allstate compensates homeowners who take good care of their property and are claim-free. You can get up to a 20% discount if you switched to Allstate and hadn’t filed a claim with your previous insurer. Allstate will also lower your deductible amount for every additional year without a home insurance claim while you’re with them.

For an extra fee, Allstate also offers a Rateguard option, which allows you to file one “free” claim every five years without triggering a rise in your premium. However, since there’s a low likelihood of placing a claim in any year, the option may or may not be worth buying, depending on its cost and the increase in premium that would result from making a claim.

The company is one of the few — along with Erie and USAA — to offer, at additional cost, home-sharing coverage as an alternative to buying such insurance through AirBnB or Vrbo. As a rule, damage from paying guests is not covered under a standard homeowners insurance policy.

The company also offers optional coverage for:

  • Identity theft restoration

  • Green improvement reimbursement

  • Water backup

  • Yard and garden

  • Scheduled personal property

  • Electronic data recovery

  • Business property

  • Musical instruments

  • Sports equipment


  • Offers database of contractors and guarantees their work for 5 years

  • Discounts for claims-free customers

  • J.D. Power Ranking: 1st out of 22

  • A.M. Best Rating: A+


  • Discounts not available in all states

  • Contractor database feature not available for HI and AK

Why we chose Amica Mutual: Amica Mutual’s customer service is one of the best out there, and their Contractor Connection ensures that quality service extends outside of their coverage.

Amica Mutual stands out for customer service on claims, having topped the J.D. Power Property Claims Satisfaction Study for nine consecutive years. Another standout aspect to the company is its Contractor Connection database, which lists thousands of vetted, licensed and insured contractors and guarantees their work with a five-year warranty.

Like many insurers, Amica also offers loyalty discounts, in its case to customers who have been with the company for at least two years. It also offers breaks to those who are and are claim-free for at least three years.

For customers who require additional coverage, Amica offers:

  • Valuable items coverage

  • Catastrophic coverages

  • Identity fraud expense coverage

  • Home business coverage



  • Only available for military personnel and their families

  • Home sharing not available in all 50 states

Why we chose USAA: USAA has a great combination of low premiums and wide coverage for military members, along with outstanding trustworthiness and financial stability.

USAA is a highly rated insurance provider — for both financial stability and customer service (although its limited availability means it is not included in JD Power customer satisfaction rankings). It offers many different coverage options for military members and their families (including the children of veterans and those who are serving).

USAA is also among a handful of homeowners insurance companies that includes as standard Guaranteed Replacement Cost coverage, which allows homeowners to rebuild their home the way it was before an incident, rather than receiving a depreciated amount due to the home’s age.

The company is also known for its low premiums. If you qualify for membership in USAA, it would be hard to find better home insurance rates and coverage for property damage.

The company is one of the few — along with Erie and Allstate — to offer, at additional cost, home-sharing coverage as an alternative to buying such insurance through AirBnB or Vrbo. As a rule, damage from paying guests is not covered under a standard homeowners insurance policy.


  • Coverage for homes of up to $100 million

  • Robust cybersecurity coverage

  • Coverage for properties outside the United States

  • Lower average premium than other high-end competitors


  • Low customer service ratings

  • Customers have to buy more than one policy with the company

Why we chose AIG: AIG provides comprehensive coverage for high-value properties worth up to $100 million.

AIG is known as a luxury insurer that provides high net-worth individuals with comprehensive coverage, from dwelling to cybersecurity protection. It offers guaranteed replacement cost (without any limits, according to the company) for homes valued from $750,000 all the way up to $100 million on an “all-risk” basis — meaning their policy covers all perils except the few specifically excluded. It also offers the option of ultra-high deductibles (up to $100,000) so you can lower your premium.

You must have one of the company’s other policies to get homeowners insurance with AIG, but the company has a wide array of policies aimed at high net-worth customers to choose from — including collection insurance, yacht insurance, auto insurance and even private aircraft insurance.

You can also find services that will help you prevent accidents or take care of them quicker. The insurer provides background check services for domestic staff, private firefighting units, cybersecurity measures and more.

In addition to standard coverage, AIG offers services such as:

  • Kidnap, ransom and extortion coverage

  • Landscaping coverage

  • Crisis management and reputation restoration

  • Multinational property coverage

  • Business property coverage

Other home insurance companies we considered

As we analyzed home insurance companies, we focused on financial stability and strong customer satisfaction ratings, in addition to the variety of coverage options each company offered.

The insurance providers we selected excelled in all of these categories, but the following carriers fell a bit short when it came to most homeowners’ needs.

However, read on to see if one of these companies might fit your specific needs.

State Farm


  • Partnership with Ting to prevent electrical fires

  • Multi-policy and first-time sign-up discounts

  • Insurance agents available in most states


  • Policies not available through independent agents

  • Online quotes not always available for manufactured or mobile homes

  • Fewer discounts than competitors

Farmers Insurance


  • Farmers Smart Plan Home Policy offers three types of coverage

  • Claims-free discounts

  • Up to $25,000 to replace appliances with eco-friendly options


  • No home insurance in Alaska or Washington D.C.

  • Somewhat more expensive than competitors

Liberty Mutual


  • Wide array of discounts for online purchases, new homes and more

  • Comprehensive mobile app

  • Customizable policies and add-on options


  • High number of complaints with the National Association of Insurance Commissioners (NAIC)

Travelers Group


  • Add-ons to cover identity fraud, green home and water backup

  • Discounts for homeowners with security systems


  • Higher prices than competitors for policy limits above $75,000

  • Low customer satisfaction rating in the 2021 J.D. Power study



  • Covers high-value properties worth more than $1M

  • Coverage for traumatic events such as child abduction and stalking

  • Excellent A++ AM Best Rating


  • More expensive than average

  • Only sells through local agents

  • Low customer satisfaction rating in the 2021 JD Power Study

American Family


  • Lower than average premiums

  • Generous discounts for bundling and for new and renovated homes.

  • Mobile app lets you make payments, monitor claim status and more

  • Uncommon standard coverage such as sewer backup damage


  • Lower than average satisfaction score in the J.D. Power study

Homeowners Insurance Guide

Homeowners insurance coverage is a type of property insurance that provides financial protection against loss due to natural disasters, theft and accidents. A home insurance policy is required if you are financing a new home, and cannot travel from one dwelling or owner to another — something to keep in mind before selling your house. When shopping for a policy, it can be useful to contact an insurance agent that can help you compare quotes and coverage options.

How to choose the best home insurance

When trying to choose the best home insurance, there’s a lot more to look at than just the best home insurance companies. You have to consider price, your living situation, their specific offerings and more. Here are some steps to take before making your decision:

  • Learn about coverage types, different policies and all the add-ons you can find so you can better compare offerings when looking at all the companies.

  • Find the top home insurance companies that offer their services in your area.

  • Consider all your specific needs and concerns beforehand, so you can effectively analyze each company’s products. Think about the area you live in and its geographical risks, consider your personal hobbies and the equipment or risks they imply, consider your business, your pets and more.

  • Talk to an independent home insurance agent. According to all your needs and lifestyle, they can better assess your situation and help you find the right combination of coverage from a company that serves your needs. The best home insurance company won’t always be the best for you.

  • An agent can also help compare quotes from a neutral standpoint, as they have more access to all the different companies’ pricing methods and history, meaning they can probably determine an approximate price according to your specifications.

What does homeowners insurance cover?

There are several levels of homeowners insurance policies. Which one is right for you will depend on the level of coverage you want.

Read our list below for the different types of coverage available to you.


The most basic, bare-bones policy. It only covers damage inflicted by these 10 perils:

  1. Fire and lightning

  2. Hail and windstorms

  3. Explosions

  4. Civil unrest

  5. Aircraft damage

  6. Vehicle damage

  7. Smoke

  8. Vandalism

  9. Theft

  10. Volcano eruption


A step up in coverage from H01. It covers the ten basic perils plus six more which include:

  1. Falling objects

  2. Snow

  3. Water discharge (not flooding)

  4. Sudden cracking, bulging or burning of a built-in appliance

  5. Accidental damage from electrical currents

  6. Freezing


The most popular policy. It covers all perils except for floods and earthquakes. If you’re unsure about needing flood coverage in your homeowners policy, take a look at our flood insurance guide.


This is renter’s insurance, which of course doesn’t apply to homeowners. However, if you’re looking for this type of insurance, make sure to check out our reviews on the best renter’s insurance companies.


The highest level of coverage. It covers most perils, the structure, and your belongings at replacement cost regardless of which included peril caused the damage.


This covers condos. While condo structures and common areas are generally covered by homeowners’ associations, with an H06 you can cover your belongings and the inside of your home.


This coverage is for mobile or manufactured homes, meaning homes built elsewhere and moved around or brought into a land plot after manufacture. It’s not to be confused with RV insurance, which is a type of automobile insurance (you can check out the best RV insurance companies here, though).


The most limited form of coverage, but often the only one available for low-value, older homes. It’s not available in all states and does not offer full replacement costs, only actual cash value reimbursement (which takes into account depreciation).

Many insurance companies offer customizable coverage as part of their homeowners insurance policy. Identity theft protection, work-related damages, and damages caused by rodents and domestic animals are part of the extra coverage options that can be added to a homeowners’ insurance policy.

What is excluded from homeowners insurance?

Home insurance policies never include coverage for the perils listed in the table below. These require additional and different policies; however, there are also some exceptions for perils that would normally be covered.

infographic on the perils excluded from homeowners insurance
infographic on the perils excluded from homeowners insurance

High-risk flood areas

If your area is deemed high-risk by the Federal Emergency Management Agency (FEMA), you’ll be required to purchase flood insurance for your property as an add-on to your policy.

The National Flood Insurance Program (NFIP) provides flood insurance for property owners, renters, and businesses and is available for anyone living in one of the 23,000 participating NFIP communities. For more information about what’s covered and how to purchase flood insurance, visit FloodSmart.gov.

Hail and wind

Depending on where you live, there may be additional weather-related exclusions. For example, homeowners’ insurance policies issued for coastal homes in Texas don’t cover wind or hail damage.

Also, home insurance policies in the Eastern coastal states have what’s called hurricane and windstorm deductibles. Whether you live in Florida or New York, if your house is hit by a storm, the deductible you pay won’t be the fixed amount you agreed upon for the other perils. It will be a percentage based on the coverage you chose. This is mostly regulated by state laws, so to read more about your specific state, you can start at the Insurance Information Institute.


Earthquake damage is normally not covered by any home insurance policy, and is only added through a rider or by buying a completely different policy. In a place like California — probably the most prone to seismic activity in the United States — it’s important to add a rider or get a policy to cover in the case of a loss. Checking with the largest earthquake insurer in the state, the California Earthquake Authority, is a good start.

Power outages

Depending on your home insurance policy, some items — such as spoiled food or frozen pipes — may not be covered in the event of a short or prolonged power outage. However, it’s not as clearcut as floods or earthquakes, so make sure to check directly with your insurer beforehand to see what’s covered and what’s not.

In the meantime, protect your appliances with surge protectors and check if your refrigerator protection plan is still valid, which can cover the loss of food.

What is the 80% rule in homeowners insurance?

Under this rule, the insurer will only pay for the full amount of damages if you buy coverage worth at least 80% of the property’s value. If you buy coverage for less than 80% of your home’s value, the insurer will pay you only a percentage of the damages incurred.

Let’s say your home is valued at $500,000 and you buy coverage for $400,000 (80% of your home’s value). If you suffer $100,000 in covered damages, your insurer will likely pay for the full amount, minus your deductible.

If you bought coverage for $300,000, however, the insurer will not pay the full amount of damages. Instead, it will pay you the greater amount of the two following options:

  • The actual cash value of the building or part of the home that was destroyed, which includes depreciation, or

  • Based on the proportion of coverage you did buy compared to the coverage you should have bought.

So, in this example, it’ll divide the $300,000 coverage you did buy by the $400,000 you should have bought and pay a corresponding percentage of the damages. As a result, if you suffer a $100,000 loss, the insurer will end up reimbursing you 75% of that amount, minus the deductible you chose when you bought the policy.

Bear in mind that these calculations might vary from one insurer to the next.

It’s also worth noting, however, that even a policy that covers 100% of your home’s value isn’t a guarantee that an insurer will pay the full amount needed to repair your home. If, for example, there’s a fire and the cost to demolish the structure is higher than what the policy covers, you’ll have to cover the difference.

Make sure to read your policy carefully and consult with an agent if you have questions about how much coverage to get.

How much is homeowners insurance?

While the national average premium is around $100 a month (or $1,200 a year), it’s important to know that there isn’t a single established price for home insurance. Although these vary from company to company and policy to policy, here are some of the most common factors that can determine how much you pay for insurance.

Factors that impact your insurance premium

Coverage amount needed. How much coverage you choose to buy will obviously have the greatest impact on your monthly or yearly premium. This means the overall cap the insurer agrees to cover in the case of an included peril. You don’t need to cover the entire cost of your house, but you should aim to cover at least 80% of the value .

Location of your home. The location of your house determines the type of perils it could be exposed to and so this will greatly impact the rate an insurance company offers you. For example, a house in a storm-prone zone will be more expensive to insure than one that isn’t.

Style and age of the home. The overall build and condition of the house is taken into account in order to adjust the premium. If a house is fairly deteriorated or built with outdated materials, for example, its structure is at a higher risk, thus raising the price on coverage.

Square footage. No surprise here: the size of your home is used to calculate your premium. Larger homes will inevitably need more resources to fix or rebuild, and are also more prone to neglect in certain areas.

Home insurance discounts

When shopping for the best homeowners insurance, you should make it a point to ask about discounts on your insurance premium.

Each company has options to help you reduce your insurance costs. The following are the most common:

  • Bundling your home and life insurance policies with the same company

  • Living close to a fire station

  • Having a newer house (the timeframe is determined by the insurer)

  • Signing up within a year of purchasing your home

  • Renewing your policy before it expires

  • Having a good credit score

infographic on the most common homeowners insurance discounts
infographic on the most common homeowners insurance discounts

Cash value vs. replacement cost

Coverage limits usually boil down to a decision between “actual cash value” or “replacement cost” coverages:

  • Actual cash value: calculates the value of your home minus depreciation, taking into account any existing damage or wear. With this option, you’ll only receive a settlement for your home’s value at the time it was lost.

  • The home replacement cost: reflects the amount needed to rebuild your home to how it was before (or as close to how it was as possible). Home replacement costs are almost always higher than the actual cash value, which is why it’s the most expensive coverage option.

Additional expenses to keep in mind

Depending on your living situation, standard insurance products might not be enough.

When you’re ready to choose a homeowners insurance policy, see what types of endorsements — also known as insurance riders or add-ons — each company offers. These will increase your premium, but it might be worth it if it means protecting valuable assets such as jewelry or collectibles. You can also get protection for more specific issues such as cybersecurity threats and even kidnapping.

Latest News on Homeowners Insurance

This past year was full of natural disasters and pandemic-related issues that affected the home insurance market. This is bad news for homeowners, as insurers are raising prices and making changes to their policies. To see how this can affect you, read our article on 2021’s weather: ‘There Are No Safe States’: 2021’s Terrible Weather Could Hike Home Insurance Costs.’

Finding homes and insurance while having pets, especially large ones, can be challenging. However, there is some good news ahead, as some states have banned breed blacklists in home insurance. There’s more to it, but the future is looking up for owners of so-called dangerous dogs: ‘Bad Dogs No More? It’s Getting Easier for Pet Owners with ‘Dangerous’ Breeds to Buy Home Insurance.’

FEMA made its most significant change to the NFIP in over 40 years in an attempt to be more equitable. Their new Risk Rating 2.0 will lower payments for some, but also raise them for others. To understand more about it, read our in-depth analysis of the measure: ‘Flood Insurance Rates Just Went Up for Millions of Homeowners.’

Homeowners Insurance FAQ

How much is homeowners insurance?

The average cost for a single homeowners policy in the US is $1,200 per year or $100 per month. However, homeowners' insurance rates vary substantially depending on your home's specific situation, condition, how much coverage you want, and where you live.

What does homeowners insurance cover?

Most standard policies include four types of coverage: 1) dwelling coverage, which covers your home's structure; 2) personal property coverage; 3) liability protection; and 4) loss of use coverage, in case you need to live outside of your home temporarily.

What is homeowners insurance?

Homeowners insurance is typically required by mortgage lenders, and will reimburse you for damages to your house, your personal belongings and, in some cases, your digital property, guests and more. It will only pay for damages caused by a list of causes or perils outlined in your policy, however. If there is damage to your home caused by a covered peril, the insurer will generally either pay you the current cash value of what was lost (which takes into account depreciation) or pay for the entire cost of replacing your property, depending on the type of policy you chose.

How much homeowners insurance do I need?

The amount of coverage will depend on the value of your home and the items you wish to cover, and whether you choose actual cash value coverage or full replacement cost. You should cover at least 80% of the value of the home, and to cover high-value items with additional endorsements or riders. Do remember that these types of policies do not cover flood or earthquake damage. If you live in an area that's prone to natural disasters -- Florida and California, for example -- you might want to look for additional coverage.

How are homeowners insurance claims paid?

In most cases, an adjuster will inspect the damage to your home and offer you a certain amount of money for repairs, based on the terms of your policy. The insurance company will then typically send an advance, before sending the final payment. In fact, you may get multiple checks as you make temporary payments, permanent repairs, and replace damaged belongings.

What is the best home insurance?

The best home insurance will vary based on individual coverage needs and budget. A good rule of thumb is to look for a home insurance policy that is affordable, covers most perils, and is offered by a financially sound company with a good track record of customer satisfaction. Based on these and other factors, we determined that Lemonade, Erie Insurance, Allstate, Amica, USAA, Hippo and AIG are some of the best companies in the market.

How We Chose the Best Homeowners Insurance Companies:

Our list of best homeowners’ insurers streamlines the shopping experience. To devise a methodology, we:

  • Looked through dozens of insurers and coverage options and narrowed our choices based on coverage options, average premium payments, customer service, additional benefits and claim process speed.

  • Used J.D. Power’s 2021 U.S. Property Claims Satisfaction Study to measure customer satisfaction ratings with claim settlement, claim process, First Notice of Loss (FNOL), estimation and repair.

  • Considered each underwriter’s complaint ratio for homeowners insurance based on data from the National Association of Insurance Commissioners (NAIC).

  • Eliminated companies with A.M. Best financial strength ratings below A.

Summary of Money’s Best Homeowners Insurance of January 2022

Lemonade – Best Online Insurance Company
Hippo – Best Online Company Runner-up
Erie Insurance Company – Best Range of Coverage Options
Allstate – Best for Claims-Free Homeowners
Amica Mutual – Best for Customer Service
USAA – Best for Military Members
AIG – Best for High-Value Homes

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