Compare Homeowners Insurance Quotes in 2024 (Step-by-Step Guide)
Using comparison websites is the fastest way to compare homeowners insurance quotes. Just enter your address, home details, and desired coverage level to get quotes from multiple companies. Average home insurance costs $160/month, but quotes vary based on credit score, ZIP code, and claims history.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, bus...
Licensed Insurance Agent & Agency Owner
UPDATED: Jul 26, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Jul 26, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes should be easy. This doesn’t influence our content. Our opinions are our own.
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Even if you have a policy, it’s smart to compare homeowners insurance quotes every few months. Don’t wait until your rates skyrocket or you have a negative customer service experience.
You can compare quotes with an agent, but it’s much faster to get a home insurance quote online. All you need is the level of coverage, your address, and the year and square footage of your house. Since you can switch providers at any time, comparing quotes regularly can help you find more competitive homeowners insurance coverage.
Keep reading to learn what you need to compare home insurance quotes. Then enter your ZIP code above to get free quotes from local companies.
- Average homeowners insurance quotes are $160/month
- Use agents, company websites, or comparison sites like this one to get free quotes
- Your home’s age, value, and location will impact your policy quotes
Where to Get Homeowners Insurance Quotes
Home insurance quotes make it easier to find an affordable policy. Here’s how to use online resources and insurance agents to estimate home insurance costs based on where you live:
Compare Insurance Quotes Online
The easiest and fastest way to get home insurance quotes is online where you can compare multiple providers at once. Your most common resources are:
- Company Websites: Visit provider websites to get quotes directly from the companies you want to know more about.
- Comparison Websites: Free resources from the best home insurance comparison sites help you compare quotes by region.
Doing your own research online is an easy way to compare home insurance prices, but be honest about your coverage needs, credit history, and property value. Online insurance quotes are only as accurate as the information you provide.
Get Quotes From Insurance Agents
You have two options when comparing home insurance quotes with agents. These are the pros and cons of each type of agent:
- Captive Agents: Work for a specific provider and only offer policies from that company. This works best if you already have an insurer in mind and want to learn more about its coverage.
- Independent Agents: Research multiple companies and coverage options on your behalf to match you with a policy. Choose an independent agent if you can’t decide on a provider.
We recommend that homeowners compare insurance quotes online before speaking to an agent. For instance, comparison websites will give you an idea of what your neighbors pay for coverage so you can set realistic expectations and identify the best possible rates.
Enter your zip code below to view companies that have cheap insurance rates.
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The Average Cost of Homeowners Insurance
Before you shop for quotes, start with a base price to give you an idea of what to expect. Compare these average quotes from the largest home insurance companies in the U.S.
Homeowners Insurance Monthly Rates by Provider & Coverage Amount| Insurance Company | $150,000 Policy | $200,000 Policy | $300,000 Policy | $500,000 Policy | $750,000 Policy | $1 Million Policy |
|---|---|---|---|---|---|---|
| Allstate | $112 | $132 | $176 | $140 | $185 | $220 |
| Amica | $127 | $150 | $200 | $165 | $205 | $250 |
| Country Financial | $117 | $138 | $184 | $150 | $190 | $230 |
| Erie | $114 | $135 | $180 | $145 | $185 | $225 |
| Lemonade | $107 | $126 | $168 | $135 | $175 | $210 |
| Liberty Mutual | $122 | $144 | $192 | $160 | $200 | $240 |
| Openly | $120 | $141 | $188 | $155 | $195 | $235 |
| Progressive | $117 | $138 | $184 | $145 | $190 | $230 |
| State Farm | $117 | $138 | $184 | $150 | $190 | $230 |
| The Andover | $122 | $144 | $192 | $160 | $200 | $240 |
| USAA | $188 | $221 | $294 | $250 | $310 | $370 |
Insurers look at the replacement cost of your home when setting quotes. Providers also consider your credit score, claims history, and neighborhood. High crime rates or risk of natural disasters will raise home insurance costs.
Each insurer weighs these risk factors differently. This is why it’s important to compare home insurance quotes from multiple companies. Keep reading to learn how to compare homeowners insurance quotes online.
Read More: Lemonade Home Insurance Review
How to Compare Home Insurance Quotes: Step-by-Step
Now that you know where to find free quotes, follow these steps to compare homeowners insurance rates by coverage, policy, location, and company.
Step #1: Determine Coverage
How much homeowners insurance do you need? Your mortgage will set a minimum limit (typically 80% of your home’s value), but you may want higher limits based on the value of the personal items you own.
Some policies automatically provide one or the other. So once you know the type of coverage you need, start comparing homeowners insurance policies.
Step #2: Pick a Policy
Understanding the eight types of homeowners insurance will help you pick the right policy. Use this table to determine the kind of policy you need.
Types of Homeowners Insurance Policies and What They Cover| Type | Name | Coverage |
|---|---|---|
| HO-1 | Basic Form | Only covers 10 named perils, including fire, theft, and falling objects. |
| HO-2 | Broad Form | Covers HO-1 perils plus certain water damages and electric surges |
| HO-3 | Special Form | Open coverage for all perils except listed exclusions |
| HO-4 | Contents Broad Form | Renters insurance for personal belongings, liability, and loss of use |
| HO-5 | Comprehensive Form | Same open coverage as HO-3 at replacement value |
| HO-6 | Unit-Owners Form | Condo insurance for personal belongings, liability, and loss of use |
| HO-7 | Mobile Home Form | Mobile home policy with same open coverage as HO-3 |
| HO-8 | Modified Coverage Form | Historic home coverage for dwellings more than 40 years old |
HO-3 Special Form policies are the most popular, but HO-5 and HO-8 have higher coverage limits for high-value and historic homes.
Step #3: Compare Homeowners Insurance Quotes
Choose a trusted website or independent insurance agent to get a home insurance quote. You can also research the popular providers in your area and go directly to their websites for quotes.
Compare auto and home insurance quotes at once to save money by bundling insurance policies. Most companies offer a hefty multi-policy discount to homeowners who buy different types of coverage.
Read More: How to Save Money on Car Insurance: 17 Discounts You’re Missing Out On
Step #4: Review Quotes
Before you even speak to an agent or buy a policy, get quotes from at least three home insurance companies online. Review each quote for accuracy and double-check the list of exclusions and endorsements.
Experts say fake security cameras are surprisingly effective at keeping burglars away.
Would you install them? https://t.co/cVvx1vkgq3 pic.twitter.com/HLmr5boJjG— Erie Insurance (@erie_insurance) April 11, 2017
You want to buy enough coverage to meet the terms of your mortgage lender and homeowners association. Review insurance quotes online first to better understand the market rates and range of options available in your area. This will prepare you to negotiate better terms when you’re ready to buy a policy.
What You Need to Compare Homeowners Insurance Quotes
You’ll get the most accurate home insurance quotes if you provide the following information. Include any security systems you have in your home to earn a discount.
- Home address and square footage
- Age of the property and roof materials
- Number of and relationship to residents (including pets)
- Recent renovations or repairs
- Type of heating and cooling systems
Insurance agents and comparison websites like this one both need this information to gather quotes for you, so keep it handy as you research and review homeowners insurance quotes near you.
Enter your zip code below to view companies that have cheap insurance rates.
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Top Strategies to Compare Homeowners Insurance Quotes
Regularly compare homeowners insurance companies, even if you already have a policy, to get the best coverage and customer service.
When you compare home insurance rates by ZIP code, you can quickly see how your current policy stacks up against others. Gather details about your home’s address, age, square footage, and roof materials to get the most accurate quotes.
Justin Wright Licensed Insurance Agent
This initial research and quote comparison will prepare you for discussions with agents, helping you negotiate better terms and find homeowners insurance coverage that fits your needs and budget.
Some of the best home insurance comparison sites allow you to instantly compare side-by-side quotes from top insurer. Enter your ZIP code below to get started today with free quotes.
Frequently Asked Questions
Are home insurance quotes accurate?
Home insurance quotes are as accurate as the information you provide. Determine how much homeowners insurance you need and be as detailed and honest as possible when providing information on your property value and claims history to get accurate quotes.
How do you price compare home insurance?
Gather information about your home, including its value, address, and square footage. Then enter your ZIP code into our free comparison tool to compare homeowners insurance quotes from multiple local companies.
Which insurance company is best for home insurance?
Erie has the highest-rated customer service for home insurance in annual J.D. Power satisfaction surveys.
Which insurance company has the most complaints?
Liberty Mutual has the most customer complaints for home insurance.
What company has the cheapest homeowners insurance?
Erie and Lemonade are the cheapest homeowners insurance companies. Read our Lemonade insurance review to learn more.
Who has the most expensive home insurance?
USAA has the most expensive homeowners insurance quotes averaging $280/mo.
What is the average homeowners insurance premium in the U.S.?
Homeowners insurance costs average at $160/mo for up to $500,000 in coverage.
Why are my homeowner insurance quotes so high?
Home insurance quotes will vary based on the risks where you live and the number of covered perils in your policy. Compare the different types of homeowners insurance to find a policy that fits your needs and budget better.
How do I lower my home insurance costs?
Lowering your coverage and increasing deductibles can lower home insurance rates.
Is it better to have a higher deductible for home insurance?
A higher deductible can lower your monthly premiums, but don’t increase your policy deductibles unless you can afford the out-of-pocket costs.
Is homeowners insurance tax deductible?
Homeowners insurance is only tax deductible if you use the property as a source of income. In that case, you will need a different type of insurance policy designed for landlords or at-home businesses.
Enter your zip code below to view companies that have cheap insurance rates.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, bus...
Licensed Insurance Agent & Agency Owner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
