Skip to main content
TheSavvyAmericans

InsuranceComparison

The 7 best home and renters insurance companies

We compared insurers on financial strength, coverage, discounts and service for both homeowners and renters, and flag what standard policies leave out, like flood.

Last reviewed: · Reviewed by the TheSavvyAmericans editorial team

Important: A standard homeowners or renters policy excludes flood damage, which requires separate coverage through the National Flood Insurance Program or a private flood insurer. Earthquakes are also usually excluded. Insure for rebuild cost, not market value, and review your policy limits every year as construction costs change.

Key takeaways

  • 1Our top pick for service is Amica, while State Farm leads for agent support and Lemonade for a fast, fully digital renters experience.
  • 2Standard home and renters policies do not cover flood, and often exclude earthquakes; you need separate coverage for those.
  • 3Insure your home for its rebuild cost (not its market value), and choose replacement-cost coverage for your belongings where you can.
  • 4Premiums depend heavily on location, rebuild cost, roof age and claims history, so compare identical coverage and get quotes.
Advertising disclosure: TheSavvyAmericans may receive compensation when you apply for or open a product through links on this page. This does not influence our editorial evaluations. Products are reviewed using a documented methodology. Learn how we make money.

The 7 best home and renters insurance companies

We compared insurers on financial strength, coverage options, discounts and their service and claims reputation, for both homeowners and renters. Premiums vary widely by location and property, so use this as a shortlist and get quotes with matching coverage limits.

Home and renters insurers compared at a glance
#ServiceBest forRatingAM BestPolicy typesAvailability
1AmicaBest for customer satisfaction4.6 / 5A+ (verify current)Home, condo, rentersMost states
2State FarmBest for agent support4.5 / 5A++ (verify current)Home, condo, rentersMost states
3AllstateBest for discounts and bundling4.2 / 5A+ (verify current)Home, condo, rentersMost states
4USAABest for military families4.7 / 5A++ (verify current)Home, condo, rentersMilitary families only
5LemonadeBest for renters and digital claims4.1 / 5Not rated (reinsured)Renters, condo, homeMany states
6NationwideBest for optional coverages4.0 / 5A+ (verify current)Home, condo, rentersMost states
7TravelersBest for high-value and green homes4.0 / 5A++ (verify current)Home, condo, rentersMost states
#1Rank
Editor's ChoiceBest for customer satisfaction

Amica

4.6 / 5

Amica consistently earns top marks for claims satisfaction and offers dividend policies that can return part of your premium. It covers home, condo and renters, making it a strong choice for service-focused buyers.

Pros

  • Top-rated claims and customer service
  • Dividend policy option returns premium
  • Home, condo and renters coverage
  • Generous standard coverages

Cons

  • Base premiums can run higher
  • Smaller footprint than national giants
  • Fewer app features than digital-first insurers
AM Best
A+ (verify current)
Policy types
Home, condo, renters
Availability
Most states
Standout
Dividend policies
Visit Amica

Official site opens in a new tab

#2Rank
Best overallBest for agent support

State Farm

4.5 / 5

The largest U.S. home insurer, State Farm combines a huge local agent network with strong financial strength and reliable claims handling. It is a dependable all-around choice for homeowners and renters alike.

Pros

  • Large local agent network
  • Top-tier financial strength
  • Reliable claims reputation
  • Easy auto bundling

Cons

  • Rates have risen in many states
  • Fewer discounts than some rivals
  • Availability of new home policies varies by market
AM Best
A++ (verify current)
Policy types
Home, condo, renters
Availability
Most states
Standout
Agent network
Visit State Farm

Official site opens in a new tab

#3Rank
Best for discountsBest for discounts and bundling

Allstate

4.2 / 5

Allstate offers a wide set of discounts and optional coverages, from welcome and loyalty savings to add-ons like water backup and identity protection. It bundles well with auto for extra savings.

Pros

  • Many discounts and optional coverages
  • Strong bundling savings
  • Useful add-ons (water backup, more)
  • Local agents available

Cons

  • Base rates can be higher before discounts
  • Satisfaction is average
  • Some add-ons raise the price quickly
AM Best
A+ (verify current)
Policy types
Home, condo, renters
Availability
Most states
Standout
Discount menu
Visit Allstate

Official site opens in a new tab

#4Rank
Best for militaryBest for military families

USAA

4.7 / 5

USAA offers highly rated home and renters coverage with military-friendly features, such as coverage for uniforms and no deductible on certain military-related losses. Eligibility is limited to the military community.

Pros

  • Excellent claims service and satisfaction
  • Military-specific coverage perks
  • Competitive pricing for members
  • Top-tier financial strength

Cons

  • Eligibility limited to military families
  • No local offices
  • Availability varies in some states
AM Best
A++ (verify current)
Policy types
Home, condo, renters
Availability
Military families only
Standout
Military coverage
Visit USAA

Official site opens in a new tab

#5Rank
Best digitalBest for renters and digital claims

Lemonade

4.1 / 5

Lemonade offers an app-first experience with fast, sometimes instant, claims and affordable renters and home policies. It suits renters and tech-comfortable homeowners who want to skip the paperwork.

Pros

  • Fast, app-based claims
  • Affordable renters coverage
  • Quick, simple sign-up
  • Add-ons for valuables

Cons

  • Home availability is more limited
  • Less hands-on support for complex claims
  • Newer, smaller insurer
AM Best
Not rated (reinsured)
Policy types
Renters, condo, home
Availability
Many states
Standout
Instant claims
Visit Lemonade

Official site opens in a new tab

#6Rank
Best for extrasBest for optional coverages

Nationwide

4.0 / 5

Nationwide offers useful optional coverages like Brand New Belongings (full replacement cost) and better roof coverage, plus solid bundling. It is a good fit for homeowners who want to customize protection.

Pros

  • Valuable optional coverages
  • Good bundling discounts
  • Replacement-cost options for belongings
  • Wide product range

Cons

  • Rates vary by region
  • Satisfaction is average
  • Not available in every state
AM Best
A+ (verify current)
Policy types
Home, condo, renters
Availability
Most states
Standout
Optional coverages
Visit Nationwide

Official site opens in a new tab

#7Rank
Best for high-value homesBest for high-value and green homes

Travelers

4.0 / 5

Travelers offers strong coverage for higher-value homes and green-home rebuild options, plus discounts for newer or protected homes. It bundles well with auto and has top financial strength.

Pros

  • Good for higher-value homes
  • Green-home rebuild coverage
  • Discounts for protective devices
  • Top-tier financial strength

Cons

  • Average customer satisfaction
  • Fewer digital features
  • Availability varies by state
AM Best
A++ (verify current)
Policy types
Home, condo, renters
Availability
Most states
Standout
High-value homes
Visit Travelers

Official site opens in a new tab

Ratings are TheSavvyAmericans editorial scores based on the criteria in the methodology section below, not user reviews or paid placements. Features and pricing change often, so confirm the current details on each provider’s official site before you sign up.

How we picked and scored these insurers

  • Financial strength: the insurer’s rated ability to pay claims.
  • Claims and service: reputation for handling claims fairly and quickly.
  • Coverage: standard protections plus useful add-ons like replacement cost and water backup.
  • Discounts: bundling, protective-device, new-home and claims-free savings.
  • Availability and access: where they write policies and how you reach support.

Good to know: Ratings are editorial assessments, not user reviews. Premiums and financial-strength grades change, so get quotes and verify current ratings before you buy.

What standard policies do not cover

A standard home or renters policy covers many perils, but some big ones are excluded and need separate coverage.

  • Flood: not covered by standard policies. Buy separate flood insurance through the National Flood Insurance Program or a private insurer, especially in flood-prone areas.
  • Earthquake: usually excluded and available as a separate policy or endorsement.
  • Maintenance and wear: gradual damage, mold from neglect and pest infestations are generally not covered.
  • High-value items: jewelry, art and collectibles often exceed sub-limits and need a scheduled endorsement.

Good to know: Insure your home for its rebuild cost, which can differ a lot from its market value, and choose replacement-cost coverage for belongings so you are not paid only depreciated value.

Frequently asked questions

How much homeowners insurance do I need?
Enough to rebuild your home at current construction costs, which is often different from its market value or purchase price. Add enough personal-property coverage for your belongings (replacement cost is better than actual cash value) and liability coverage to protect your assets. Review the rebuild figure each year as costs change.
Does homeowners or renters insurance cover flooding?
No. Standard policies exclude flood damage. You need a separate flood policy through the National Flood Insurance Program or a private flood insurer. This matters even outside high-risk zones, since a large share of flood claims come from lower-risk areas.
Is renters insurance worth it?
Usually yes. Renters insurance is inexpensive and covers your belongings, liability if someone is hurt in your home, and additional living expenses if you are displaced. Your landlord’s policy covers the building, not your possessions, so the cost is typically well worth it.
What raises or lowers my home insurance premium?
Location and weather risk, your home’s rebuild cost and age, roof condition, claims history and coverage choices all affect price. You can lower it by bundling with auto, raising your deductible, adding protective devices and staying claims-free. Always compare quotes with matching coverage.

Keep reading

Explore more in Insurance

Head back to the hub to see every guide and comparison we are building in this category, plus the decisions each one helps you make.

Visit the Insurance hubHow we make money
Advertising disclosure: TheSavvyAmericans may receive compensation when you apply for or open a product through links on this page. This does not influence our editorial evaluations. Products are reviewed using a documented methodology. Learn how we make money.
Smarter money choices for everyday Americans.