Highest rated home and auto insurance companies

At Policygenius, we work closely with customers all over the U.S. to help them find a homeowners insurance policy that suits their needs, so we understand what to look for and what to avoid in a homeowners insurance company.

To find the best home insurance companies in the U.S., our team of licensed home insurance experts and operations specialists researched over 30 large and small companies across different ratings and metrics, including average annual premiums, AM Best ratings, J.D. Power customer and claims satisfaction ratings, NAIC customer complaint numbers, and more.

After testing our methodology, we calculated a weighted rating for each company across the following four categories. We then combined each category rating into a weighted composite score, which was then used to calculate each company's overall rating. From there, we came up with our list of the 10 best homeowners insurance companies of 2022.

Cost (35%)

Average annual premium (90%): We calculated each company’s average annual premium for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

• Dwelling: $300,000
• Other structures: $30,000
• Personal property: $150,000
• Loss of use: $60,000
• Liability: $300,000
• Medical: $1,000

Each company’s average annual premium is a national average, and amounts can often vary drastically from state to state. To ensure we were reporting the national average accurately, we created a weighted average based on companies’ market share presence from state to state.

Discounts (10%): Number of discounts offered by each company.

Financial confidence (25%)

AM Best rating (70%): We scored each company based on their rating with AM Best — the insurance industry’s leading credit rating agency.

S&P rating (15%): The S&P rates insurance companies’ long-term ability to pay out claims.

Moody’s rating (15%): Moody’s rates insurance companies’ ability to repay short and long-term debts.

Customer experience (20%)

J.D. Power customer satisfaction score (40%): Rates companies based on customer interaction, policy offerings, price, billing process and policy information, and claims.

J.D Power claims satisfaction score (25%): Rates companies based on claim settlement, claim servicing, final notice of loss, estimation process, and repair process.

J.D. Power digital experience score (10%): Rates companies based on desktop and mobile web experience by looking at the following factors: ease of navigation, speed, visual appeal, information, and content.

NAIC Customer Complaint Index (25%): Scores whether or not the company receives more or less complaints than the average company.

Coverage (20%)

The number and quality of coverage add-ons, tiers of coverage, and policy perks offered by each company. Once we determined each company’s Policygenius score, our team of insurance experts analyzed the list to choose the best overall option, best regional option, best for customer service, and more.

More details about Allstate

Allstate landed one of the highest scores in our analysis thanks to its relatively affordable rates, exceptional customer satisfaction and financial ratings, personalized coverage options, and several coverage perks. With tiered policy options ranging in price, potential customers can choose between the basic, standard, or enhanced coverage with many optional add-ons, including water backup and green improvements coverage.

Compare Allstate rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Multi-policy
• Responsible payment
• Claim free
• Loyalty
• New homebuyer
• Autopay
• Protective device
• Advanced quote

State availability

Allstate home insurance policies are available in all 50 states and the District of Columbia.

More details about Auto-Owners Insurance

Auto-Owners Insurance is our pick for best regional company in large part because it scored at least a 4 out of 5 in all but one of our major rating categories. Boasting some of the lowest home insurance rates in our analysis, Auto-Owners Insurance offers comprehensive policy options, several coverage perks, and multiple discount options to help further your savings.

Compare Auto-Owners Insurance rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Multi-policy
• Responsible payment
• Claim free
• Loyalty
• New homebuyer
• Paperless billing
• Protective device
• Advanced quote
• Automatic backup generator
• Water shutoff system
• Mortgage-free

State availability

Auto-Owners home insurance policies are available in the following 25 states:

Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Virginia, Wisconsin

More details about Amica

Amica took home the top spot in J.D. Power’s 2021 Home Insurance Study, scoring a perfect 5 out of 5 in four key categories: 

• Coverage options
• Clarity and accuracy of the billing process
• Customer interactions
• Claims experience

While Amica can often be pricier than competitors, it may be worth the added expense when you consider the superior level of coverage and customer service you’re receiving.

Compare Amica rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Multi-policy
• Claim free
• Loyalty
• Paperless billing
• Autopay
• Protective device
• Home & systems monitoring
• New or remodeled home

State availability

Amica home insurance policies are available in every state and the District of Columbia except Alaska and Hawaii.

More details about USAA

USAA stands out for offering coverage solely to current members of the military, veterans, and their families. It’s consistently a top-rated home insurance company when it comes to claims satisfaction and customer service.

Compare USAA rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Multi-policy
• Protective device
• Claim free
• Higher deductible

State availability

USAA home insurance policies are available in all 50 states and the District of Columbia.

More details about Erie

Erie features the most comprehensive basic homeowners insurance policy of any company in our study, including guaranteed replacement cost coverage protection that covers any replacement amount in the event of a disaster. That means if your house is destroyed and construction costs suddenly spike due to high demand or inflation and your coverage limits aren’t high enough to cover the costs, Erie will reimburse you the full rebuild amount anyway.

Compare Erie rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Multi-policy
• Protective device
• Advanced quote

State availability

Erie home insurance policies are available in the following 12 states and the District of Columbia:

Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Pennsylvania, Ohio, Tennessee, Virginia, West Virginia, Wisconsin

More details about Hippo

Insurance premiums are, to a certain degree, based on what we don't know and the risk that comes with that uncertainty. Installing home security systems and other protective devices is one of the most effective ways to reduce this uncertainty and save money on homeowners insurance, and no company emphasizes this more than Hippo. Not only will Hippo discount your rates up to 25% if you have security cameras or other connected devices installed in your house — but it actually includes its own smart home monitoring kit with each policy.

While this type of homeowners insurance isn't for everybody, if you're interested in modernizing your home and saving money on insurance in the process, Hippo is a great option.

Compare Hippo rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Smart home
• Claim free
• New homebuyer
• Protective device
• Affinity
• Roofing
• HOA
• Companion policy

State availability

Hippo homeowners insurance is available in the following 39 states and the District of Columbia:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin

More details about State Farm

State Farm is a highly-rated and nationally recognized company known for flexible underwriting, or willingness to cover a variety of home types and risks. If you're struggling to find coverage and you're in a bind, State Farm may be able to help.

Compare State Farm rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Multi-policy
• Protective device
• Roofing
• Higher deductible

State availability

State Farm home insurance policies are available in all 50 states and the District of Columbia.

More details about Chubb

Chubb is best for high-net worth homeowners with other property insurance needs. A base policy with Chubb includes enhanced coverage for both your home and your personal property, and you don’t need to pay a deductible on property damage greater than $50,000. That means if your home is leveled in a storm or destroyed by a fire, you will not be financially responsible for any of the repair or rebuild costs.

Compare Chubb rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Multi-policy
• Claim free
• New or renovated home
• Mortgage-free
• Protective device
• Automatic backup generator
• Gated community

State availability

Chubb home insurance policies are available in all 50 states and the District of Columbia.

More details about Nationwide

Nationwide earned a top five ranking in J.D. Power's 2022 Claims Satisfaction Study, scoring well in five key categories:

• Settlement process
• Claim servicing
• Final notice of loss
• Estimation process
• Repair process

Nationwide's home insurance claim process is strikingly transparent and easy to follow. Once you file your claim, you'll be assigned a claims associate to help you through the process. You'll then be provided an estimate and settled either over the phone or in person, and Nationwide can even find you a contractor via its property repairs network.

Compare Nationwide rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Multi-policy
• New home
• Prior insurance
• Gated community
• Protective device
• Smart home
• Home renovation
• Roofing

State availability

Nationwide home insurance policies are available in the following 43 states and the District of Columbia:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

More details about Farmers

Farmers is our top pick for home & auto insurance bundling due to the significant savings and perks you can access. Depending on your state of residence, you can save up to 45% on your auto insurance, and up to 34% on home insurance when you bundle policies, according to Farmers.

Compare Farmers rates

CompanyAvg monthly costAvg annual costHippo$95$1,138Erie$107$1,284Auto-Owners Insurance$117$1,406USAA$123$1,479Allstate$137$1,650Chubb$142$1,706Amica$146$1,756Farmers$154$1,845State Farm$157$1,887Nationwide$164$1,966

Discounts

• Affinity
• Multi-policy
• UL-approved roofing
• New home
• Paperless billing
• Protective device
• Smart home
• Green certifications
• Claim free
• Responsible payment
• Claim free
• Autopay
• Rent to own

State availability

Farmers home insurance policies are available in the following 42 states:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming

Frequently asked questions

While homeowners insurance isn't required by law, most mortgage lenders will require you to purchase a policy before extending you a home loan. But even if your lender doesn't have strict insurance requirements or your house is fully paid off, you'll want to keep your home insured anyway. Homeowners insurance covers everything from house fires to break-ins to burst pipes, giving you both peace of mind and a financial security blanket against losses both large and small. If your house is unexpectedly damaged and you don't have homeowners insurance, you'll be left paying for it out of your own pocket.

USAA and Amica have the highest customer satisfaction ratings of any home insurance company in our analysis. Amica was the highest ranked company in J.D. Power's 2021 customer satisfaction study. But Amica isn't just a one-hit wonder — in fact, this was the 19th time in the last 20 years that Amica has placed first in customer satisfaction.

To add to its accolades, Amica also placed first in J.D. Power's 2022 property claims satisfaction study, earning the top spot for claims handling for the 10th time in 11 years. While USAA had the highest overall score in both studies, it isn't officially eligible for a ranking since it doesn't meet the study's criteria.

Hippo has the cheapest homeowners insurance of any company in our analysis thanks to its $1,138 average annual premium. However, the cheapest company for you will depend on factors like your deductible, coverage amount, add-ons, discounts you qualify for, and more.

Chubb and AIG top our list of the best homeowners insurance companies for high-value homes thanks to their robust coverage packages that offer extra protection for high-value homes with expensive property.

The best overall homeowners insurance company is Allstate, according to our Policygenius analysis. However, homeowners insurance is not one size fits all. The insurance company that is best for you will depend on your home and coverage needs.

Policygenius voted Auto-Owners Insurance as the best insurer for home and auto bundles thanks to its low rates, slew of home and auto insurance discounts, and top-rated customer service. The average shopper saves around 12% on their home and auto insurance cost when they bundle their policies with Auto-Owners.

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