Top 10 Homeowners Insurance Companies
The top homeowners insurance companies are State Farm, Allstate, and USAA based on market share. USAA has higher customer claims satisfaction than other companies its size, but Erie outperforms the top ten home insurance companies in the country for claims. Use this guide to find the best homeowners insurance.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
UPDATED: Dec 7, 2023
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Dec 7, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- State Farm is the top homeowners insurance company with 18.4% of the market share
- Erie is the top home insurance company for claims satisfaction
- USAA is the biggest home insurance company with the highest claims satisfaction
State Farm is the top insurance company in the United States based on market share. It sells more home policies than any other national provider — writing over $17.6 billion in homeowner’s insurance while claiming a staggering 18.42% of the total market share.
Allstate was a distant second with nearly $8 billion in premiums written, helping it gather 8.8% of the nation’s market share. Rounding out the top three best homeowners insurance companies is USAA, which is only available to military members and their families yet still dominates over 6% of the market.
The Top Homeowners Insurance Companies by Market Share
These companies are household names and advertise a lot, which explains why they are so popular and dominant in the insurance space.
- State Farm (18.4%)
- Allstate (8.8%)
- USAA (6.7%)
- Liberty Mutual (6.4%)
- Farmers (6.3%)
- Travelers (4.6%)
- American Family (3.2%)
- Nationwide (2.9%)
- Chubb (2.7%)
- Progressive (1.9%)
The largest insurance companies aren’t known for providing the most affordable rates, or for having the best customer service, insurance reviews, or financial ratings. There is definitely something to be said for brand notoriety and familiarity for these companies and their success.
Read More:
- Is homeowners insurance included in the mortgage?
- How much homeowners insurance do I need?
- How are homeowners insurance rates determined?
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The Top Homeowners Insurance Companies by Claims Satisfaction
Erie is the top homeowners insurance company in terms of claims satisfaction, according to J.D. Power. USAA also ranks high in claims satisfaction (906/1,000) but isn’t listed since it is only available to military members.
- Erie (912/1,000)
- Amica (903/1,000)
- Nationwide (884/1,000)
- The Hartford (883/1,000)
- Chubb (880/1,000)
- State Farm (880/1,000)
- American Family (875/1,000)
- Farmers (873/1,000)
- Liberty Mutual (870/1,000)
- Allstate (868/1,000)
State Farm performed slightly above average, but Allstate and Liberty Mutual all ranked below average. It takes longer to process a home insurance claim with Allstate or Liberty Mutual, and most complaints stem from too many agents handling a single claim.
Learn More: The Five Most Common Homeowners Insurance Claims
Find The Top Homeowners Insurance Company Near You
Remember, the biggest home insurance company isn’t always the best, and if it’s advertising heavily on television, rates are probably higher to compensate, even for a standard home insurance policy. Whether you own several high-value properties, high-value items, or need basic coverage for personal property, it is important to look at your options before deciding on a homeowners insurance policy.
Some of the largest home insurance companies are also the most expensive, despite failing to top the ranks of customer satisfaction surveys and being high in consumer complaints. You should look at insurance company ratings and inquire with your State Department of Insurance to ensure the company you ultimately choose to obtain coverage with is sound financially.
The cost of homeowners insurance will vary based on what homeowners policy you choose, as well as other factors, like mortgage rates and state laws. Be sure to shop around for some sample quotes with our free comparison tool above to browse the different types of coverage available to you and compare costs.
Frequently Asked Questions
Who is the #1 home insurance company in America?
State Farm is the top homeowners insurance company in the United States.
Who is State Farm’s biggest competitor?
Allstate and USAA are State Farm’s biggest competitors in the home insurance space.
What insurance company has the best homeowners insurance?
Based on market share and claims and customer satisfaction, USAA has the best home insurance coverage. Policies are only available to military members and their immediate families.
Who typically has the cheapest homeowners insurance?
Erie often has the lowest home insurance rates in states where coverage is available, while Nationwide has the lowest rates among national providers.
Which is the top homeowners insurance company for claim settlement?
Erie is the top home insurance company for claims settlement and satisfaction.
Why is Travelers home insurance so cheap?
Travelers homeowners insurance rates are cheaper with discounts and customer loyalty.
How does Travelers compare to State Farm?
Travelers underwrites fewer policies and has poorer claims satisfaction than State Farm.
How much are the average home insurance rates in America?
Average U.S. home insurance rates are $120 monthly. Use our comparison tool above to see how much homeowners insurance costs near you.
Why is my homeowners insurance so high?
Your home insurance rates likely increased due to the number of claims in your area over the past year. Even if you didn’t file a claim, homeowners insurance companies increase rates to cover losses.
Where is the most expensive home insurance?
Oklahoma residents have the highest average homeowners insurance rates at $485/mo.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.