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The best in home insurance for 2022
Winners by Category
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Amy Sims is a managing editor for Bankrate, leading a team responsible for creating educational insurance content. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logo The Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. You deserve the best home insurance
Home insurance is more than a mandatory purchase if you have a mortgage; it's a safeguard against financial devastation should your home be damaged or destroyed. With dozens of insurance companies on the market, numerous coverage types and various third-party reviews to consider, how do you determine which home insurance company is the best for your needs? Bankrate can help. Our team of insurance experts conducted an extensive study of the home insurance market, analyzing average rates, coverage offerings, discounts, policy features and third-party scores for dozens of the largest home insurance companies by market share. Our research could help you determine which carrier best fits your unique needs, so you can rest easy knowing your finances are protected should the worst happen to your home. These are the winners of the 2022 Bankrate Awards for Best Home Insurance. How we picked these home insurance companies
Our top insurance companies received the highest Bankrate Scores. Our proprietary scoring process uses weighted scores for third-party financial strength and customer satisfaction ratings. We also analyzed average annual premium information for each company and compared the premium to the national average. Finally, we combined the Bankrate Scores and average premium information with availability to ensure each company is available in most, if not all, states. Best home insurance company overall tie
USAA
Excellent customer service scores Nationwide availability Low NAIC complaint index We analyzed the best home insurance companies on features that commonly impact customer experience. Our picks for the best home insurance companies received the highest Bankrate Scores, with customer satisfaction, financial strength and nationwide availability playing a significant role in the rankings. Because eligibility restrictions apply to USAA, State Farm is a good alternative for those who are not affiliated with the military. Best home insurance company overall tie
State Farm
State Farm is the largest home insurance company in the nation based on market share. The carrier offers excellent online and mobile tools along with a large network of local agents, so policyholders can choose how to handle their home insurance needs. State Farm also boasts a strong financial strength. New policies are available in 48 states and Washington, D.C. High customer satisfaction scores Excellent financial strength Near-nationwide availability We analyzed the best home insurance companies on features that commonly impact customer experience. Our picks for the best home insurance companies received the highest Bankrate Scores, with customer satisfaction, financial strength and nationwide availability playing a significant role in the rankings. Because eligibility restrictions apply to USAA, State Farm is a good alternative for those who are not affiliated with the military. Best digital home insurance company
Lemonade
Lemonade uses a unique AI-driven business model to offer lower average premiums for home insurance. The company takes a flat fee from policies to cover business expenses, with the rest of the premiums going toward claim payments. Lemonade donates any leftover funds to charities chosen by its policyholders, a system that fits well with the company's Certified B Corporation status. AI-driven business model Technologically focused claims handling Socially responsible Giveback program We used our Bankrate Scoring model to analyze the features of each company. For the best digital home insurance company, we weighed each company's mobile app score and approach to technology as the most important factors, as these aspects indicate the ability to adapt to an increasingly digitized market. Best for high-value homes
Nationwide
Nationwide offers a low average premium for high-value homes. Considering that more coverage generally means a pricier policy, this feature could be appealing to those with homes with a dwelling value of $750,000 or more. The company also offers numerous optional coverage types, including identity theft coverage, Better Roof Replacement and replacement cost for contents, all of which could appeal to luxury homeowners. Low premium for high-value homes Numerous optional coverage types available Available in 43 states and Washington, D.C. Our analysis of the best home insurance company for high-value homes focused on third-party ratings, coverage options and policy features. However, because high-value homes are likely more expensive to insure than standard homes, premium was the most heavily weighted factor in our determination. Bankrate logo Find your winner
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You've seen the best home insurance companies for 2022, now see how their quotes stack up. The Bankrate Awards
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