Shopping for the right home insurance policy on your own isn’t a simple or fun process. It is however something that everyone needs to safeguard their home. For that reason, we wanted to show you how to pick the best home insurance and the most important things to consider when searching for a provider and policy.
After compiling research from dozens of reviews and independent-rating agencies, as well as interviewing an agent with over 15 years of experience, I found that there’s no one-size-fits-all option. The one national company that separates itself from the other big dogs in the pack is State Farm with its plethora of well-trained agents, excellent financial standing, and a top-tier customer experience. However, even with a company as strong as State Farm, many people felt that the personal connection was lackluster compared to more regional outfits.
Overall, with something as individualized and geographical as home insurance, selecting a sole winner seemed impractical. Thus, I decided to mention some of my favorite regional picks alongside State Farm. I found that Amica Mutual, Erie Insurance, and individual Farm Bureaus were often preferable to a large company like State Farm because of their region-specific knowledge.
How I chose the best homeowners insurance
I chewed on dozens of home-insurance reviews and ratings from around the web for over 45 hours to determine where customers were consistently satisfied. I compared various quotes and reviews from 10 of the top-rated national companies, as well as 15 of the highest-ranked regional companies, and referred to J.D. Power to single out the companies that are the best to deal with. I also chatted with an insurance agent of over 15 years to get a firsthand look into the expectations of consumers.
Deciding who will pay the bills in the event of a catastrophe is no small task. Everyone wants to work with a company that they can trust to have their back when they call. I decided to put most of the weight on customer-service ratings. Any company can trumpet cheap prices and discounts, but whether or not they’ll be willing to uphold their end of the deal when push comes to shove is what really counts.
Other home insurance companies to consider
While I felt it was unfair to call any major company the best overall in this field, I did find that certain ones stood out in a number of subcategories. Here are a few of my suggestions:
Best cheap home insurance
Everyone loves a good discount. Even a ballooning premium can be offset with smart discount shopping. Travelers is a great hub for diversified discount options, including multi-policy, new homebuyer and LEED (Leadership in Energy and Environmental Design) discounts. With some education on available discounts, Travelers can be a great option to save some big bucks.
Best renters insurance
While the protection of your dwelling will fall on your landlord, renters’ insurance will protect your personal property within the building that you rent. Otherwise known as an HO4, Allstate’s renters’ insurance boasts coverage of reimbursed living expenses, liability protection, and guest medical protection. Also, you can tack it on to your bill for around $4 if you insure your vehicle with them.
Best military home insurance
The undisputed champ of customer service, this powerhouse has been serving military members for over 90 years. Although USAA is only available to past and present service members, it is often considered to be the paramount insurance company in both home and auto. Offering an unprecedented level of personal-property coverage, paired with unmatched customer loyalty, USAA is the clear choice for all who are eligible.
Best flood insurance
Flood insurance is almost always sold separately from the main policy. If you live in a high-risk area, this is one of the most important purchases you can make. Like most insurers, State Farm writes their flood insurance through the National Flood Insurance Program (NFIP). They are lauded for their customer service, speedy payouts, and top-rated agents who are ready to help in the event of a flood. It’s smart to consult a local, preferably independent, agent that can help determine the level of flood protection you need where you live.
Best old home insurance
Insuring an old home is trickier than any other home. Many companies won’t even take them on because of the potential liability. State Farm, however, shines with affordable rates, thousands of helpful agents, and a great “Best and Worst Home Insurers,” Clark Howard, May 2014
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