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Top 10 Home Insurance Companies by Market Share
The largest U.S. homeowners insurers by direct premiums written. Click "Compare" next to any carrier to enter your ZIP and see live rates.
| Company | U.S. Market Share | Compare |
|---|---|---|
| State Farm | 18.34% | |
| Allstate | 8.84% | |
| USAA | 6.66% | |
| Liberty Mutual | 6.27% | |
| Farmers | 5.53% | |
| Travelers | 4.13% | |
| American Family | 3.99% | |
| Nationwide | 2.51% | |
| Chubb | 2.49% | |
| Erie | 2.36% |
Source: NAIC direct premiums written, homeowners multi-peril, full-year 2024.
Why trust Money
50+ years of financial journalism
Since 1972, Money has helped readers make smarter financial decisions — from mortgages and credit cards to retirement and insurance.
- Emmy Award
- National Magazine Award
- Henry Luce Award
- Gerald Loeb Award
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Reviewed 18 home insurers across 25+ factors
Our writing and editing team independently evaluated the largest homeowners insurance carriers in the U.S. on price, coverage, customer satisfaction, and financial strength.
BBB Accredited, A+ rating
Money Group, LLC carries an A+ rating from the Better Business Bureau and has been accredited since 2007.
How we evaluate home insurance
Money's writing and editing team independently reviewed 18 home insurers across more than 25 factors — customer satisfaction (J.D. Power, NAIC complaint index), pricing competitiveness, coverage options (replacement cost, extended dwelling, water backup, equipment breakdown), digital experience, claims-handling reputation, and financial stability (AM Best ratings). Our editorial team has no relationship with any insurer that affects how carriers are ranked.
Frequently Asked Questions About Home Insurance
Answered by Money's insurance editorial team.
-
What does homeowners insurance cover?
A standard HO-3 policy covers the structure of your home, your personal belongings, liability for injuries that happen on your property, and additional living expenses if your home becomes uninhabitable. Floods and earthquakes are typically excluded and require separate policies. -
How much does homeowners insurance cost per month?
The national average is roughly $145 per month for $300,000 of dwelling coverage, but rates vary widely by ZIP code, home value, claims history, and credit. Comparing quotes from 3+ carriers is the fastest way to find your true market rate. -
Is homeowners insurance required?
It isn't required by law, but mortgage lenders almost always require it as a condition of the loan. Even if you own your home outright, going without coverage means paying out of pocket for fires, storms, theft, and liability claims. -
How much homeowners coverage do I need?
Your dwelling coverage should equal the cost to rebuild your home from the ground up (not the market value or what you paid for it). Most insurers also recommend $300,000 to $500,000 in personal liability coverage, and replacement-cost coverage on personal belongings rather than actual cash value. -
Do new homeowners pay higher rates?
Not inherently — but newer policyholders often haven't earned long-tenure or claims-free discounts yet, and lenders may bundle escrow estimates on the high side. Comparing 3+ carriers within your first 90 days of ownership typically uncovers 10–25% in savings. -
What factors affect home insurance rates?
Location (ZIP-level catastrophe risk), the age and construction of your home, your roof's age and material, your claims history, your credit score (in most states), the deductible you choose, and any discounts you qualify for (bundling, security systems, claims-free, etc.).