USAA and Auto-Owners are the cheapest home insurance companies on average, according to Bankrate’s research.
Written by
Natalie Todoroff
Natalie Todoroff is an insurance writer and industry analyst for Bankrate. She is based in San Francisco and holds a personal lines insurance license.
Edited by
Jessa Claeys
Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.
Reviewed by
Mark Friedlander
Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.
Edited by
Jessa Claeys
Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.
Reviewed by
Mark Friedlander
Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.
Updated Sep 06, 2024 Bankrate promise On this page SummaryPowered by Coverage.com (NPN: 19966249)
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Compare the cheapest home insurance companies Cheapest homeowners insurance companies for different homeowners Cheapest home insurance companies by state How to save on homeowners insurance Frequently asked questions
Like many products and services, home insurance isn’t immune to inflation. As a result, many homeowners may be paying more for coverage now than ever before. Bankrate can help. Our insurance editorial team includes licensed agents with real-world experience helping people obtain affordable homeowners insurance policies that meet their individualized needs.
Based on our review of proprietary premium data from Quadrant Information Services, the national average rate of a homeowners policy with $300,000 in dwelling coverage is $2,270 annually. For homeowners looking to save a little money, it can be tempting to go with whichever company offers you the cheapest quote. However, cheap insurance is only worthwhile if it provides financial protection when you need it most. To find the best cheap companies, Bankrate analyzed vital metrics like third-party customer satisfaction scores, customer service availability, financial strength ratings and more.
Cheapest home insurance companies:
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Bankrate logoThis content is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate.com. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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