Choosing a home insurance company is one of the most important decisions you’ll ever make as a homeowner. As 2020 has proved, it’s always best to be financially prepared for the unexpected, and home insurance can save you thousands by protecting your home and belongings. To make our recommendations for the best homeowners insurance companies in 2020, we used our proprietary SimpleScore system to rate insurers on accessibility, coverage options, customer service, discounts and support.
The good news? Our top-rated homeowners insurance companies offer some of the best home insurance rates in the industry. Each provider has something different to offer, so make sure to compare quotes from multiple companies to find the best value for your home.
The best homeowners insurance companies of 2020
Amica Mutual – Best for overall value
Erie Insurance – Best for price
State Farm – Best for in-app service
Allstate – Best for claim-free rewards and premium protection
Farmers – Best for simple policies
Liberty Mutual – Best for discounts
What is homeowners insurance?
Homeowners insurance provides you with coverage to replace or repair your home and its belongings, if they are damaged from unordinary events (such as theft or fire). Homeowners insurance will also help cover costs if a visitor is hurt in your home.
Most of the time, homeowners insurance is not optional — if you have a mortgage, your lender will require you to have an insurance policy. If you don’t, your mortgage lender will assign you its choice of homeowners coverage, usually for a much higher cost.