The Best Cheap Homeowners Insurance
We compared rates from companies across the country to find the cheapest homeowners insurance in your state.
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Homeownership is already expensive, so why pay more than you need to for your homeowners insurance? Don’t settle for an expensive rate; cheap homeowners insurance can include great coverage.
NerdWallet analyzed pricing data from 145 insurance companies to find the cheapest homeowners insurance in every state, as well as the country’s largest cities. While your own rate may be different depending on the amount of coverage you choose, the rates below are based on a homeowners insurance policy for a 40-year-old homeowner with a $1,000 deductible, $300,000 in dwelling coverage and $300,000 in liability coverage.
Cheap homeowners insurance from top-rated companies
NerdWallet looked at average rates from some of our top-rated insurance companies to find out which ones have the best value.
Use the table below to see average annual and monthly rates, along with our star rating.
Company | NerdWallet rating for homeowners insurance | Average annual rate | Average monthly rate |
|---|---|---|---|
5.0 NerdWallet rating | $1,425 | $119 | |
5.0 NerdWallet rating | $1,596 | $133 | |
4.5 NerdWallet rating | $1,606 | $134 | |
5.0 NerdWallet rating | $1,622 | $135 | |
5.0 NerdWallet rating | $1,772 | $148 | |
5.0 NerdWallet rating | $1,826 | $152 | |
4.5 NerdWallet rating | $2,102 | $175 | |
5.0 NerdWallet rating | $3,049 | $254 | |
5.0 NerdWallet rating | $1,643 | $137 | |
*USAA is available only to military, veterans and their families. | |||
Cheap homeowners insurance in each state
Where you live typically has a big impact on the cost of your homeowners insurance. How close you live to the coast, crime rates in your area, the probability of natural disasters and more can all influence your rate. Use the map below to see the cheapest homeowners insurance company in each state and its average annual rate.
Below are the cheapest homeowners insurance companies for each state, along with average annual and monthly rates. USAA was the cheapest option in some states but was excluded from the list since its products and services are available only to those in the military, veterans and their families.
State | Cheapest company on average | Average annual rate | Average monthly rate |
|---|---|---|---|
Alabama | Allstate | $1,229 | $102 |
Alaska | State Farm | $1,088 | $91 |
Arizona | State Farm | $934 | $78 |
Arkansas | Arkansas Farm Bureau | $2,036 | $170 |
California | Travelers | $726 | $61 |
Colorado | State Auto | $919 | $77 |
Connecticut | Vermont Mutual | $673 | $56 |
Delaware | Nationwide | $494 | $41 |
Florida | Security First | $747 | $62 |
Georgia | Auto-Owners | $1,078 | $90 |
Hawaii | Allstate | $306 | $26 |
Idaho | Grange Insurance Association | $721 | $60 |
Illinois | MetLife | $931 | $78 |
Indiana | Buckeye | $577 | $48 |
Iowa | West Bend | $1,070 | $89 |
Kansas | Auto-Owners | $2,101 | $175 |
Kentucky | State Farm | $1,863 | $155 |
Louisiana | UPC Insurance | $922 | $77 |
Maine | MetLife | $533 | $44 |
Maryland | Brethren Mutual | $683 | $57 |
Massachusetts | Quincy Mutual | $746 | $62 |
Michigan | Meemic | $703 | $59 |
Minnesota | Auto-Owners | $1,207 | $101 |
Mississippi | Allstate | $1,125 | $94 |
Missouri | Auto Club of SoCal | $1,417 | $118 |
Montana | Chubb | $1,192 | $99 |
Nebraska | Farmers Mutual of Nebraska | $2,281 | $190 |
Nevada | Farmers | $713 | $59 |
New Hampshire | Mapfre | $558 | $47 |
New Jersey | Selective | $522 | $44 |
New Mexico | State Farm | $1,343 | $112 |
New York | New York Central Mutual | $638 | $53 |
North Carolina | Travelers | $1,382 | $115 |
North Dakota | Farmers Union | $1,317 | $110 |
Ohio | Buckeye | $446 | $37 |
Oklahoma | Farmers | $2,688 | $224 |
Oregon | Mutual of Enumclaw | $545 | $45 |
Pennsylvania | Westfield | $412 | $34 |
Rhode Island | State Farm | $557 | $46 |
South Carolina | Bankers Insurance | $1,017 | $85 |
South Dakota | Farmers Mutual of Nebraska | $1,672 | $139 |
Tennessee | Shelter | $1,415 | $118 |
Texas | Bankers Insurance | $942 | $79 |
Utah | American Family | $636 | $53 |
Vermont | Vermont Mutual | $455 | $38 |
Virginia | Cincinnati Insurance | $557 | $46 |
Washington | Nationwide | $595 | $50 |
Washington, D.C. | Chubb | $900 | $75 |
West Virginia | Westfield | $1,008 | $84 |
Wisconsin | Rockford Mutual | $685 | $57 |
Wyoming | Nationwide | $1,085 | $90 |
Cheap homeowners insurance in the largest U.S. cities
The cheapest homeowners insurance company in Boston isn’t necessarily going to be the cheapest in Chicago, so we looked at the top 20 metropolitan areas in the country to find the lowest price in each city. Use the table below to find the cheapest in your city, along with average annual and monthly rates.
City | Company | Average annual rate | Average monthly rate |
|---|---|---|---|
Atlanta | Farmers | $1,039 | $87 |
Boston | Quincy Mutual | $733 | $61 |
Chicago | MetLife | $776 | $65 |
Dallas | Bankers Insurance | $737 | $61 |
Denver | State Auto | $935 | $78 |
Detroit | Meemic | $861 | $72 |
Houston | Bankers Insurance | $1,006 | $84 |
Los Angeles | Allstate | $760 | $63 |
Miami-Ft. Lauderdale | Security First | $804 | $67 |
Minneapolis-St. Paul | Auto-Owners | $1,299 | $108 |
New York City | New York Central Mutual | $844 | $70 |
Philadelphia | Westfield | $405 | $34 |
Phoenix | State Farm | $918 | $77 |
Riverside-San Bernardino | Mercury | $842 | $70 |
San Diego | Travelers | $652 | $54 |
San Francisco | Travelers | $580 | $48 |
Seattle | Nationwide | $591 | $49 |
St. Louis | Auto Club of SoCal | $1,258 | $105 |
Tampa-St. Petersburg | Security First | $602 | $50 |
Washington, D.C. | Chubb | $900 | $75 |
How to get cheap homeowners insurance
Some take a little more effort than others, but there are a variety of ways to get cheap homeowners insurance. Below are some of the most common.
Shop around. Don’t buy the first policy you get a quote for — compare rates from multiple companies in your area to find the cheapest policy from a reputable company. Our guide to the best homeowners insurance companies can get you started.
Insure your home for the proper amount. Don’t insure your home based on its current market value (that is, how much the home could sell for) — you should actually insure it based on how much it would cost to rebuild your home in the event of a claim. Have your insurance agent or company estimate your home’s replacement cost so you can insure your home for the correct amount.
Bundle your policies. Many insurance companies offer a discount if you bundle home and auto insurance together.
Increase your deductible. You can lower your premium by choosing a higher deductible, but make sure you have enough cash to cover it should you need to file a claim.
Avoid filing small claims. Most insurance companies offer a discount for customers who haven’t filed a claim in the last three to five years. If you can, pay cash for home repairs and file a claim only when absolutely necessary.
Avoid risky purchases. Anything considered a high risk for a liability claim, including trampolines and aggressive dog breeds, could raise the cost of your homeowners insurance, so think twice about adding that swimming pool.
Add safety features to your home. Making your home safer now may save you money on homeowners insurance in the long run. Many insurance companies offer discounts for features that protect your home against fire and theft. Fire extinguishers, deadbolts, security systems and more could all qualify for a discount.
Improve your credit. Poor credit generally translates to high insurance costs, including for homeowners insurance. While not an overnight fix, you can rebuild credit by making payments on time and using less than 10% of your total credit card limits, if possible.
Methodology
NerdWallet averaged rates for 40-year-old men and women from a variety of insurance companies in every ZIP code across all 50 states and Washington, D.C. Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1983. They had a $1,000 deductible and the following coverage limits:
$300,000 in dwelling coverage.
$30,000 in other structures coverage.
$150,000 in personal property coverage.
$60,000 in loss of use coverage.
$300,000 in liability coverage.
City-level data was gathered from all counties within each city’s metropolitan statistical area as defined by the U.S. Office of Management and Budget.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
