The 5 Cheapest Homeowners Insurance Companies in America
When it comes to finding the best homeowners insurance, there are a lot of factors to consider. You want to find a company that is affordable, but also has a good reputation and offers comprehensive coverage.
To help you out, we’ve compiled a list of the five cheapest homeowners insurance companies in America. We’ve also included a brief overview of each company so you can decide which one is right for you.
So, without further ado, here are the five cheapest homeowners insurance companies in America!
USAA
2. USAA
USAA is one of the oldest and most well-respected homeowners insurance companies in the United States. It's a not-for-profit, member-owned insurance company with strong customer service and claims financial strength ratings.
USAA specializes in providing homeowners insurance to members of the military and their families, as well as members of certain professions. Its products include all of the typical coverages like dwelling, personal property, and liability, as well as additional coverage options like identity theft protection and having high-value items. USAA also offers specialized coverage for those living on a military base.
USAA is one of the most affordable insurance companies for members, who often pay about 10-15% less than non-USAA members.
Amica
3. Amica Insurance
Amica is another well-respected insurance provider with a good customer satisfaction rating and a strong financial standing. They offer many of the typical homeowners insurance coverages, along with some additional features such as Agent Assisted Claims service, Identity Fraud Expense coverage, and the Amica Premium Offers discounts program.
Amica’s rates are also quite competitive and often lower than other insurance providers. They offer additional discounts for being claim-free, having home security devices, and bundling multiple policies together. Amica is an excellent option for those looking for a reliable and reputable insurance company with competitive rates.
GEICO
4. GEICO Homeowners Insurance
GEICO has quickly become a go-to for those searching for cheap homeowners insurance. With competitive rates, a variety of coverage options, and discounts, they may suit the needs of those looking for a basic but reliable policy.
GEICO offers some features that allow them to stand out, such as their personal property protection, liability coverage, rental property insurance, and emergency repairs. They also offer discounts for being a safe driver, signing up for autopay, and bundling your home and auto policies. Combined, these discounts can really help bring down your monthly payment.
State Farm
5. State Farm
State Farm is an excellent option for those who need basic but reliable homeowners insurance. Their coverage options are comprehensive and offer personal property protection, liability coverage, and emergency repairs that you can use if disaster strikes.
And if you’re looking to save as much money as possible, you’re in luck. State Farm offers a wide range of discounts that can help you save on your homeowners insurance. They offer discounts for safe drivers, signing up for their auto-pay plan, and bundling other insurance policies. With the combination of these discounts, you can save a considerable amount per month on your payments.
Others to Consider
6. The Hanover
The Hanover is another well-known insurance provider that can offer competitive rates for homeowners insurance. They have coverage options for all kinds of homeowners, no matter what your budget is. Their policy coverage includes theft and liability protection as well as home replacement coverage and more.
Like State Farm, The Hanover provides a variety of discounts that can help you save on your homeowners insurance. They offer discounts for a variety of factors, including those who are military members, safe drivers, and even those who sign up for their auto pay plan. All of these discounts can further add to the already low rates that The Hanover provides.
7. AAA
AAA is another great option for those who are looking for an inexpensive homeowners insurance policy. They offer a wide range of coverage options, like personal property protection, liability coverage, and more.
And, like the other insurance companies, they provide a variety of discounts. AAA offers an auto pay program, as well as discounts for military members and safe drivers.
How to Get the Best Deal on Homeowners Insurance
When your goal is to find the best deal on homeowners insurance, there are some key steps you can take to make sure you’re getting the most for your money.
First, do some research to determine the type of coverage you need. Different insurance companies will offer different levels of coverage, depending on where you’re located and what kinds of risks you will be insuring against.
Next, shop around. Get online quotes from different companies and compare the levels of coverage and premiums. It’s important to compare apples to apples when doing this, as policies may differ between companies.
You can also take advantage of discounts. Many insurance companies offer discounts for things like bundling policies, having a security system, or being a safe driver. Make sure to ask about any discounts you may qualify for when you’re getting quotes.
Finally, before making a decision, make sure to read customer reviews. These can give you a good idea of what kind of customer service you can expect from a company.
By following these steps, you can be sure that you’re getting the best deal on homeowners insurance.