Cheap homeowners insurance for 2024

Best cheap homeowners insurance companies

Below, you’ll see our choices for the best home insurance companies that offer affordable pricing and exceptional service. We looked at premiums, and all companies have below-average rates, but also coverage options, records of consumer complaints, claims satisfaction scores from J.D. Power, financial strength ratings and market share.

Cheapest homeowners insurance companies

Wondering how to find cheap homeowners insurance? Shop around.

Insurance.com looked at average rates from dozens of insurance companies based on $300,000 in dwelling coverage and liability with a $1,000 deductible. Here are the rates from cheapest to most expensive. Not all companies are available in all areas.

Cheapest home insurance companies by state

Find the cheapest home insurance company in your state in the table below.

How to get cheap home insurance

There are a lot of ways to save on home insurance. Here are some of the best expert tips for getting cheaper home insurance.

Comparison shop

One of the best ways to save is to shop around and compare insurance companies against one another.

Each insurer has its own formula for setting rates. That means your profile as a homeowner is likely a better match with some companies than others. Find the right company, and you can save a bundle.

Raise your deductible

A higher deductible means lower premiums because you agree to take on more of the repair cost if you file a claim. You're also less likely to file smaller claims. But before you raise your deductible to save, ensure you can afford it if you need to pay it.

Upgrade your home

Insurance companies offer discounts when you upgrade things like your roof, reducing the likelihood of a weather damage claim. Where you live will dictate which upgrades bring the biggest discount; in Florida, for example, hurricane shutters are a good choice, while in California fire-resistant materials might save you more.

Try to avoid attractive nuisances

An attractive nuisance is anything that draws interest, especially to children, but can be dangerous. Common examples include pools and trampolines. Having one or more of these can cause your rates to rise.

Maintain good credit

Some people are surprised to learn that their credit score can impact their insurance rates. But in many states, this is true. So, try to keep your credit score high. Insurance.com research has found that nothing will increase your insurance rates more than having poor credit. On average, homeowners with bad credit pay more than twice as much for homeowners insurance than those with excellent credit.

Bundle your insurance policies

Many homeowners insurance companies will cut you a break on premiums if you carry your other policies – such as auto insurance – through them. Insurance.com research has found that policyholders who bundle home and auto insurance save an average of 18% on coverage. You’ll save 4% each for bundling home and life insurance, and for bundling home and umbrella coverage.

Don’t file small claims

The true purpose of homeowners insurance is to protect you in the event of major and very costly mishaps. It makes sense to file a claim if a tornado damages your home. But you might want to skip filing a claim if someone accidentally cracks your window with a golf ball.

Avoiding making small claims can save you cash. Going five years without a claim can save you an average of 5%, while 10 years claims-free will net you another 5% savings.