The 10 Best Homeowners Insurance Companies of 2024

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By: Aquib Nawab


USAA secures the top spot with its exceptional service and military-focused policies, boasting an Insider Monkey Ranking of 1.75. Exclusive to military members, veterans, and their families, USAA offers coverage for dwelling, personal property, liability, and more, with replacement cost coverage included.

1 - USAA

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With an Insider Monkey Ranking of 3.75, State Farm ranks second, offering competitive rates and customizable policies. Their coverage includes standard aspects and add-ons like valuable possessions and water backup, catering to diverse needs.

2 - State Farm Insurance

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3 - American Family Insurance

American Family Insurance secures the third spot with an Insider Monkey Ranking of 7.25, providing comprehensive coverage and optional add-ons. Their standard policy includes dwelling coverage, personal property coverage, and personal liability coverage, with optional coverages extending to identity theft, valuable jewelry, and equipment breakdown.

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Nationwide stands out with an Insider Monkey Ranking of 7.75, offering expansive coverage and bundling discounts. Their standard coverage protects home, personal belongings, and additional living expenses, and they also offer credit card coverage for unauthorized charges.

4 - Nationwide Mutual Insurance Company

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Erie Indemnity Company secures the fifth spot with an Insider Monkey Ranking of 3.33, offering unique coverage options. Their comprehensive protection includes coverages not typically offered by others, such as cash and precious metals, pets and replacement cost.

5 - Erie Indemnity Company (NASDAQ: ERIE)

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6 - Auto-Owners Insurance Group

Auto-Owners Insurance Group ranks sixth with an Insider Monkey Ranking of 8.00, offering standard coverage and innovative add-ons. Options include guaranteed home replacement cost, identity theft expense coverage, and home cyber protection, tailored for extensive protection and peace of mind.

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Allstate offers a range of insurance products alongside homeowners insurance, securing a seventh spot with an Insider Monkey Ranking of 8.33. Standard coverage includes home, personal belongings, and personal liability, with optional coverages like green improvement reimbursement enhancing policy offerings.

7 - The Allstate Corporation (NYSE: ALL)

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AAA provides competitive rates and comprehensive coverage, ranking eighth with an Insider Monkey Ranking of 8.33. Their protection against various risks, including loss of use and liability, is complemented by membership benefits like discounts and roadside assistance.

8 - American Automobile Association (AAA)

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9 - Chubb Limited (NYSE: CB)

Chubb Limited caters to high-value homeowners with an Insider Monkey Ranking of 10.66, offering extensive coverage options. Their standard policy covers home, personal belongings, personal liability, and more, with a Masterpiece policy offering benefits like extended replacement cost and cash settlement options.

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Travelers provides affordable standard coverage for homeowners, ranking tenth with an Insider Monkey Ranking of 11.00. Their policies protect home, personal belongings, other structures, and personal liability, ensuring homeowners can safeguard investments without breaking the bank.

10 - The Travelers Companies, Inc. (NYSE: TRV)

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