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/mo, but your quotes will vary based on credit score, ZIP code, and claims history.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Jun 30, 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: Jun 30, 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/mo
- Use insurance 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 get the coverage you need at the best price:
Compare Insurance Quotes Online
The easiest and fastest way to get home insurance quotes is online. The most common resources are:
- Company Websites: Visit provider websites to get quotes directly from the companies you’re interested in.
- Comparison Websites: Free resources from the best home insurance comparison sites compare quotes by region. Enter your ZIP code to get quotes from multiple local companies at once.
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:
- 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.
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. Estimating home insurance costs based on where you live ensures you can make the most of your discussions with an agent.
Enter your zip code below to view companies that have cheap insurance rates.
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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 quotes:
Step One: 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.
You can choose between two types of coverage:
- Replacement Cost: Covers the full price to replace or repair personal property
- Actual Cash Value: Recovers the value of personal property after depreciation
Home insurance either provides:
- Open Coverage: Covers everything except listed exclusions in the policy
- Named Perils: Only covers damages caused by the perils listed in the policy
Some policies automatically provide one or the other. So once you know the type of coverage you need, start comparing homeowners insurance policies.
Step Two: Pick a Policy
Understanding the eight types of homeowners insurance will help you pick the right policy:
Policy Type | Policy Name | Policy Coverage |
---|---|---|
HO-1 | Basic Form | Only covers 10 named perils |
HO-2 | Broad Form | Only covers 16 named perils |
HO-3 | Special Form | Open coverage except for listed exclusions |
HO-4 | Contents Broad Form | Renters insurance for personal belongings, liability, and loss of use |
HO-5 | Comprehensive Form | Same 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 coverage same 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 Three: 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 these average quotes from the largest home insurance companies in the U.S.
Company | $300,000 Policy | $500,000 Policy | $750,000 Policy | $1,000,000 Policy |
---|---|---|---|---|
Allstate | $95 | $140 | $185 | $220 |
Amica | $127 | $165 | $205 | $250 |
Country Financial | $100 | $150 | $190 | $230 |
Erie | $105 | $145 | $185 | $225 |
Lemonade | $90 | $135 | $175 | $210 |
Liberty Mutual | $118 | $160 | $200 | $240 |
Openly | $110 | $155 | $195 | $235 |
State Farm | $110 | $150 | $190 | $230 |
The Andover | $120 | $160 | $200 | $240 |
USAA | $194 | $250 | $310 | $370 |
Companies 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.
Read More: Lemonade Home Insurance Review
Step Four: 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.
New on the blog: Can you guess the hidden risk that most homeowners ignore? (Hint: Look underground…) https://t.co/anxVUlXJkN pic.twitter.com/XQ1K0QIXQp
— Erie Insurance (@erie_insurance) May 15, 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:
- Home address and square footage
- Age of the property
- Age and material of roof and foundation
- Number of and relationship to residents (including pets)
- Recent renovations or repairs
- Security and alarm systems
- 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.
Top Strategies to Compare Homeowners Insurance Quotes
Regularly compare home insurance quotes, even if you already have a policy, to get the best coverage and customer service.
When you compare quotes online, 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 rates.
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. 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.
Secured with SHA-256 Encryption
Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
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.