Best Homeowners Insurance of 2023

Protect your largest investment with proper homeowners insurance

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Buying a home is an investment, so purchasing the right homeowners insurance is crucial. Looking for a policy that is the best fit can prove to be challenging as there are many companies and coverage options. Homeowners insurance may cover personal contents, living expenses, personal liability, the building, and guests who need medical assistance. Policies may include additional coverage, as well as perks and discounts.

We’ve reviewed 12 homeowners insurance companies to reveal our top picks to help you make an informed decision. Below you'll find home insurance available from our advertising partners, followed by our complete in-depth list of the best home insurance companies we found.

Best Homeowners Insurance of 2023

Best Overall : Amica Mutual

Amica was established in 1907 and is headquartered in Lincoln, Rhode Island. It offers some of the best options for coverage and has highly rated customer service and other benefits, such as its Contractor Connection feature.

  • Discounts for loyalty, multi-line, claim-free, and others

  • Network of trusted contractors

  • Highly rated on J.D. Power’s Claims Satisfaction Rating Study for the past decade

  • Homeowners' insurance not available in Alaska or Hawaii

  • Coverage for personal property for standard policy is for actual cash value

  • Additional coverage options not available in all states

Amica Mutual has extended coverage choices through its Extended Home Insurance Coverage program. Homeowners also can choose all-risk coverage. Options include replacement cost for the contents inside your home and the building itself, catastrophic coverage for earthquakes or floods, identity fraud expense coverage, and dwelling replacement coverage.

The insurer provides a few discounts to help you save money including safety discounts for new or recently remodeled homes, alarm systems, and automatic detection devices. Amica offers discounts for bundling policies, opting into autopay, signing up for e-statements, and if you've been claim-free for three years.

Additional Details

  • J.D. Power Customer Service and Satisfaction Rating: #1 out of 21
  • AM Best Financial Strength Rating: A+ (Superior)
  • J.D. Power 2021 Claims Services Rating: 894 out of 1,000

Read the full review: Amica Mutual Homeowners' Insurance

Best for New Homeowners : Allstate

Allstate Insurance

Allstate Insurance

Founded in 1931, Allstate offers some of the best home insurance tools for first-time homebuyers. They include comprehensive educational resources, and tools like the Common and Costly Claims, which help customers figure out the types of coverage they may need. Allstate also offers policy discounts for new homeowners.

  • Offers discounts for new customers and homeowners

  • Relevant educational tools

  • Website easy to navigate

  • Average customer satisfaction rating

  • Limited policy offerings nationwide (like its HostAdvantage home-sharing option)

Allstate offers optional coverage aside from standard coverage options, including yard and garden insurance, flood insurance, a personal umbrella policy, and coverage for your belongings if you're home-sharing. There also is optional coverage for electronic data recovery and manufactured dwellings or mobile homes.

Allstate has multiple discounts homeowners can stack. The new customer discount can net you a 10% discount and bundling policies a 25% discount. Additional discounts are included with theft or fire protection devices, a smoke-free home, or age 55 or older and retired.

Additional Details

  • J.D. Power Customer Service and Satisfaction Rating: #10 out of 21
  • AM Best Financial Strength Rating: A+ (Superior)
  • J.D. Power 2021 Claims Services Rating: 882 out of 1,000

Read the full review: Allstate Homeowners' Insurance

Best for Veterans : USAA

Founded in 1922 and headquartered in San Antonio, Texas, USAA provides the best coverage for military members and their families. Not normally offered by other insurers, USAA provides for uniforms with no deductible property insurance that extends to war zones.

  • Specialized coverage for military members and their families

  • Highly rated customer service

  • Multiple discount options

  • Membership required for customers

USAA's standard policy covers you for things like identity theft, vandalism, personal liability, dwelling coverage, and fire at the replacement cost with no depreciation. Homeowners can add additional coverage such as home-sharing and earthquake coverage.

Homeowners may be able to receive discounts to include saving 10% on premiums by bundling auto insurance, a 10% claims-free discount, and protective device credits.

Additional Details

  • J.D. Power Customer Service and Satisfaction Rating: N/A 
  • AM Best Financial Strength Rating: A++ (Superior)
  • J.D. Power 2021 Claims Services Rating: 905 out of 1,000

Best for Discounts : State Farm

State Farm

State Farm

Founded in 1922, State Farm has local agents who provide personalized services and discounts that not all insurance companies offer. This includes a policy discount for impact-resistant roofs.

  • Comprehensive online educational resources for homeowners

  • State Farm Premier Service Program guarantees workmanship for up to five years

  • Replacement cost for building and personal property only

  • Coverage not available for sewer backup

  • State Farm Premier Service Program isn’t available nationwide.

State Farm offers standard homeowners coverage, including theft or damage of personal property, damage from covered acts of nature, or damage from random acts such as fire, hail, or lightning.

Discounts range from the standard multi-policy discount to ones for devices you have in your home, such as alarm systems. The impact-resistant roof discount is unique and includes qualifying metal roofs and others that aren’t overlaid over existing ones.

Additional Details

  • J.D. Power Customer Service and Satisfaction Rating: #4 out of 21
  • AM Best Financial Strength Rating: A++ (Superior)
  • J.D. Power 2021 Claims Services Rating: 880 out of 1,000

Best for High-Limit Policies : Chubb



Founded in 1882, Chubb is one of the world's largest insurers, with a presence in more than 54 countries. It’s earned its reputation as an insurer that caters to high-net-worth individuals. We rated it the best in this category because it offers features that may be typical for those who need high-limit policies and discounts for clients living in gated communities.

  • Offers specialized coverage for high-net-worth homeowners

  • Full cash value settlement options with extended replacement coverage

  • Home inspections available to verify home value

  • Need to receive a quote offline with an agent

  • Policy premiums may be higher.

Chubb provides standard coverage not typically offered by other insurance companies. This includes settlements on a replacement cost basis, all-risk coverage, and its HomeScan feature, where homeowners detect issues such as leaks and missing insulation before any damage occurs. Plus, clients can receive complimentary home appraisals to ensure adequate protection and assist with fire prevention and security advice. Optional coverage includes excess liability, wine collection coverage, and personal cyber risk.

Chubb offers multi-policy discounts for security features and modern renovations. They also offer discounts for items relevant to high-net-worth individuals, such as on-premises caretakers.

Additional Details

  • J.D. Power Customer Service and Satisfaction Rating: #18 out of 21
  • AM Best Financial Strength Rating: A+ (Excellent)
  • J.D. Power 2021 Claims Services Rating: 896 out of 1,000

Compare the Best Homeowners Insurance

All basic coverage has limits, including the amount covered and limits on certain items determined by your policy. Policies also will indicate what isn't covered—for example, damages caused by earthquakes and floods.

Provider Best For
Amica Mutual Best Overall
Allstate Best for New Homeowners
USAA Best for Veterans
State Farm Best for Discounts
Chubb Best for High Limit Policies


According to the 2021 report by the National Association of Insurance Commissioners, this is the average annual premium for homeowners insurance.

Frequently Asked Questions

What Does Homeowners Insurance Cover?

Homeowners insurance typically covers:

  • Building structure: This includes any attached structures or detached structures on your property.
  • Personal belongings: Personal belongings also can include items on- and off-premises. Coverage is for items that are stolen or destroyed by insured disasters.
  • Additional living expenses: You'll be paid additional costs of living if you're unable to live in your home due to damages from an insured disaster. This includes meals, hotel bills, and other types of typical living expenses.
  • Personal liability: This part of the policy covers you from lawsuits for property damage or bodily injury that covered members cause to others.
  • No-fault medical coverage: If a neighbor or guest is injured in your home, this person can submit relevant medical bills to your homeowners' insurance company.

How Are Homeowners Insurance Rates Determined?

Insurance companies base their rates on factors which include:

  • Your details: Your payment and claims history, association memberships, employer, or even your insurance credit score can affect your premium.
  • Location: Factors include construction costs in your area, the insurer’s experience in the area, distance to a fire station, and any weather conditions that may impact your property.
  • Structure of building: Insurers look at your building's age, your property’s condition, and other details such as roof, electrical, heating, and plumbing systems.
  • Applicable discounts: Some insurers offer perks for homeowners who have preventive measures such as water shut-off valves and alarm systems. Discounts also can include whether you’re bundling additional policies, or increasing or decreasing your deductible.
  • Type of protection: Pricing may go up or down depending on whether you choose things like an all-risk policy, optional riders, green rebuild upgrade, blanket jewelry coverage, or just the bare bones.

How Do You Get Homeowners Insurance?

Getting a homeowners insurance policy begins with a quote from a provider. Insurance companies underwrite and price their policies differently and it's best to shop around multiple insurers to find the best price and policy that suits your needs. Receiving a quote can be completed online or by contacting an agent. Before getting a quote, determine what type of policy, deductible, and coverage limits, plus any additional coverage like flood or umbrella coverage you need. Make sure your deductible is not higher than what you can afford to pay out of pocket. Ask for any current promotions or discounts.

Best Homeowners Insurance

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