The Best Homeowners Insurance Companies

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Homeowners insurance is just simply a required line item in your monthly budget if you own a home. After all, you need to protect your investment! But what you need or want coverage for and how much depends on your personal preferences and risk assessment. That’s why you need to search online and do your research to find a trustworthy company.

Homeowners insurance is typically an array of coverages that will help you repair your home and replace your belongings in the event of damage or disaster. Unfortunately, not all insurance companies and plans are created equal. To help you narrow down your search, here are the five best homeowners insurance companies.

1. Amica Mutual

Best for: Homeowners who wants above-average customer care

One of Amica Mutual’s specialties is homeowners insurance. They’re known for their customer service and wide range of coverages. Some of those coverages include dwelling, personal property, valuable items, catastrophic, and home business.

Hers is a list of pros and cons to help you compare.

Pros

2. Allstate

Best for: First-time homeowners and anyone who’s seeking a straightforward policy

Allstate offers a wide range of insurance types, one of which is homeowners insurance. They’re best known for offering the lowest insurance prices on the market and their huge online catalog of educational tools, which are particularly useful for first time homebuyers. Some of the coverages Allstates offers include dwelling, personal property, mobile home, host advantage (if you share a home), and flood insurance.

Hers is a list of pros and cons to help you compare.

Pros

3. Geico

Best for: Bare bones coverage that’s budget-friendly

Unlike many insurance companies out there, Geico specifically specializes in home and auto insurance. They’re known for unabashedly offering inexpensive, bare-bones coverage – perfect it you’re not too worried about unexpected damage or are working with a really limited budget. Some of the coverages Geico offers for homeowners include flooding, medical bills for anyone injured on your property, and a basic homeowners package.

Hers is a list of pros and cons to help you compare.

Pros

4. Metlife

Best for: Homeowners who want guaranteed replacement coverage in the event of a loss

Metlife specializes in home, life, and auto insurance. They’re best known for their unique guaranteed replacement coverage, which means that they pay out the actual dollar amount it costs to rebuild your home or replace your items, even if it’s more than what they’re currently worth. This makes them a unique company with extensive offerings. Metlife also offers homeowners include liability and personal property coverage.

Hers is a list of pros and cons to help you compare.

Pros

5. Chubb

Best for: Those who need a high-limit policy or own a luxury property

Chubb offers many types of insurance, including homeowners. They specialize in high-limit policies and expensive homes, so they’re extremely knowledgeable and flexible when it comes to the needs of luxury homeowners. Every policy is backed by Chubb Limited, the world’s largest property insurance company. Of course, all of this means that their premiums are quite expensive compared to other companies. Some of the coverages Chubb offers include replacement and extended replacement costs, temporary living, wildfire and earthquake, and cash settlement.

Hers is a list of pros and cons to help you compare.

Pros

If you’re in the market to purchase home insurance search online and research companies and policies to choose the one that’s best suited for you, your needs, and your budget.