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.

*anything below one is below average
CompanyJ.D. Power (out of 1,000)NAIC complaint ratio*AM Best ratingAverage annual rate
State Farm8291.07A++$2,534

Cheapest homeowners insurance companies

Wondering how to find cheap homeowners insurance? Shop around. 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.

Note: Not all companies operate in all states.
Company Name Average annual rate
Tokio Marine Holdings$514
New Jersey Manufacturers$747
Vermont Mutual$766
Farm Bureau Mutual of Idaho$783
West Bend Mutual$884
Andover Group$1,005
New York Central Mutual$1,045
CSAA Insurance Exchange$1,113
Western National$1,260
Auto Club$1,319
North Carolina Farm Bureau$1,337
Co Operative Insurance$1,405
Quincy Mutual$1,530
Cincinnati Insurance$1,540
ARX Holding Corp$1,577
MMG Insurance$1,590
IMT Insurance$1,700
Michigan Farm Bureau$1,973
COUNTRY Financial$2,037
Westfield Insurance$2,110
Mapfre Insurance$2,112
Nodak Mutual$2,146
United Insurance$2,207
Liberty Mutual$2,329
Automobile Club MI$2,521
State Farm$2,534
Southern Farm Bureau$2,539
Georgia Farm Bureau$2,615
American Family$2,654
South Carolina Farm Bureau$2,811
Farm Bureau Mutual of AR$3,122
Iowa Farm Bureau$3,165
Louisiana Farm Bureau$3,203
Shelter Insurance$3,402
Alfa Mutual$3,723
Indiana Farm Bureau$3,725
Heritage Insurance$3,978
Universal Insurance$4,168
Kentucky Farm Bureau$4,513

Cheapest home insurance companies by state

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

State Company Name Company average annual premium State average annual premium
AlaskaCOUNTRY Financial$1,343$1,799
ArizonaAmerican Family$1,431$1,966
ArkansasShelter Insurance$2,701$4,037
ColoradoState Farm$3,006$3,388
FloridaSecurity First$887$4,218
GeorgiaFarmers Ins Exch$1,735$3,770
HawaiiAllstate Ins Co$384$597
IowaWest Bend$1,188$2,402
LouisianaUnited Insurance$1,347$3,481
MassachusettsState Farm$705$1,518
MarylandState Farm$1,185$1,630
MaineVermont Mutual$688$1,407
MichiganAutomobile Club MI$1,384$2,607
MissouriAuto Club Enterprises$2,014$3,349
North CarolinaState Farm$1,291$2,768
North DakotaAgraria Mutual$1,719$2,946
NebraskaAmerican Family$3,286$4,624
New HampshireAmica$791$1,144
New JerseyNew Jersey Manufacturers$855$1,267
New MexicoTravelers Home & Marine Ins Co$1,898$3,086
New YorkNew York Central Mutual$1,083$1,728
OhioCincinnati Ins Co$1,323$3,671
OregonAmerican Family$1,049$1,503
PennsylvaniaNationwide Mut Fire Ins Co$1,307$3,151
Rhode IslandState Farm$943$1,774
South CarolinaAllstate$1,515$2,379
South DakotaNorth Star Mutual$2,194$3,529
TennesseeUnited Serv Automobile Assn$2,139$3,696
TennesseeTennessee Farmers Mut Ins Co$2,354$3,696
VirginiaAmerican Family$863$1,999
VermontVermont Mutual$712$1,175
WisconsinWest Bend$928$1,508
West VirginiaAllstate$1,678$1,801

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. 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. 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.

Home insurance FAQs

How do I get cheap homeowners insurance if I have bad credit?

As we said above, bad credit can push your homeowners insurance rates sky-high. The best way to reverse this impact is to improve your credit over time gradually. It won’t happen overnight, but your insurance rates should fall as your score rises.

What company has the cheapest home and auto insurance bundle?

State Farm has the biggest auto and home bundling discount, based on data, at 25% on average.