Top 10 Homeowners Insurance Companies

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.

1. State Farm (18.4%)
2. Allstate (8.8%)
3. USAA (6.7%)
4. Liberty Mutual (6.4%)
5. Farmers (6.3%)
6. Travelers (4.6%)
7. American Family (3.2%)
8. Nationwide (2.9%)
9. Chubb (2.7%)
10. 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:

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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.

1. Erie (912/1,000)
2. Amica (903/1,000)
3. Nationwide (884/1,000)
4. The Hartford (883/1,000)
5. Chubb (880/1,000)
6. State Farm (880/1,000)
7. American Family (875/1,000)
8. Farmers (873/1,000)
9. Liberty Mutual (870/1,000)
10. 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.