Best Cheap Homeowners Insurance

Amica Discounts

You can save up to 30% when you combine home with your auto, condo, renter’s, life, or umbrella policies:

• Loyalty discount (after two years)
• Claims history discount (when you’ve had no claims in the past three years)
• Autopay discount
• E-Discount (when you sign up to receive bills and information electronically)
• Alarm system discount (for burglar alarms, sprinkler systems, and fire alarms)
• Automatic detection device discount
• New home credit

Amica Coverage Options

In addition to standard home insurance coverage options, you can add these coverage options to your policy:

• Dwelling replacement
• Valuable items
• Personal property replacement
• Catastrophic coverage
• Home business
• Platinum Choice Home Package (includes standard coverage plus business, computer, credit card, and water backup coverage)

Read the full review: Amica Homeowners Insurance

Allstate Discounts

Allstate offers the following discounts:

• Save up to 25% when you bundle home and auto policies
• Save up to 20% when you switch to Allstate without a recent home insurance claim
• Save up to 5% when you set up automatic payments
• Save up to 10% for switching to Allstate, and save 10% every year after that
• Homebuyer discount, if you buy a newly constructed home, or if you’re a recent homebuyer

Allstate Coverage Options

In addition to standard home insurance coverage options, Allstate offers coverage for:

• Identity theft restoration
• Water backup
• Scheduled personal property
• Business property
• Green improvement reimbursement
• Yard and garden
• Electronic data recovery
• Musical instruments
• Sports equipment

Read the full review: Allstate Homeowners Insurance

Farmers Discounts

Depending on where you live, Farmers offers discounts to help you save, including:

• Bundle discounts if you buy multiple policies from Farmers
• Business/professional group discount
• Nonsmoker discount
• Discounts for deadbolts and strong locks
• Discounts for security systems
• Discounts for a fire alarm

Farmers Coverage Options

Farmers offers three customizable packages as a starting point:

1. Standard: Designed for homeowners who are just starting out
2. Enhanced: Higher policy limits and extra features
3. Premier: Highest limits and coverage on personal property, with optional guaranteed replacement cost

The three packages are customizable, and you can raise or lower limits and add or change coverage. Additional coverage options for the packages include:

• Eco-Rebuild (get up to $25,000 toward the extra cost of replacing materials and appliances with green alternatives)
• Contents Replacement Cost Coverage
• Identity Shield

State Farm Discounts

State Farm offers fewer discounts compared with other companies on this list. Still, customers may be able to save on premiums with these discounts:

• Multiple Line Discount (when you bundle your home and auto insurance)
• Home Alert Protection Discount (if you have installed fire, smoke, or burglar alarms)
• Roofing Discount (if you use certain impact-resistant roofing products)

State Farm Coverage Exclusions

State Farm Homeowners policies do not cover the following articles and events:

• Floods
• Ground water
• Earthquakes
• Mudslides
• Nuclear hazards
• Rodents
• Birds
• Insects
• Domestic animals
• Business related events and equipment
• Watercraft

These exclusions are pretty standard to most homeowners policies.

The Hartford Discounts

The Hartford offers the following discounts:

• Save up to 5% on your car insurance and 20% on your home insurance when you bundle
• Discounts for upgrading home security with burglar alarm and sprinkler system
• Renewal credit when you renew your home policy
• Retiree credit if you and your spouse are retired or work less than 24 hours a week

The Hartford Coverage Options

The Hartford offers standard home insurance coverage options, plus two optional packages that combine extra coverages into a ready-to-buy policy:

1. Home Advantage Package (enhances the typical base policy with Identity Fraud Expense coverage, “new for old” actual cost replacement, reimbursement for lock replacement, and personal injury liability protection)
2. Home Advantage Plus Package (includes all the Home Advantage options plus equipment breakdown coverage, a disappearing deductible, and blanket coverage for valuable items)

The company also offers stand-alone options to increase coverage:

• Replacement Plus (to help with sustainability minded in-home upgrades)
• Green Rebuilding (to increase policy limits by up to 10% when you choose green materials)
• Water Backup (also sump pump overflow)
• Scheduled Personal Property

USAA Discounts

USAA members have access to many discounts, from flowers and shipping to tax filing and car buying. Specific to home insurance, USAA members can take advantage of these discounts:

• Save up to 10% when you bundle property and auto insurance
• Save up to 15% if you’re claim free for five years
• Protective Device Credit and special savings with ADT home security systems

USAA Coverage Options

Standard USAA policies cover you for fire, theft, vandalism, most weather-related events, liability, and identity theft. You’re also covered for loss due to a covered peril of military uniforms or equipment you own if the loss occurs while you’re on active or reserve duty (with no deductible). Additional coverage options include:

• Flood insurance
• Earthquake coverage
• Valuable personal property
• Home-sharing coverage (if you rent out a room or your entire house)