Nerdy takeaways
Travelers, Progressive and USAA are the cheapest large home insurance companies, according to our analysis.
Travelers and Progressive offer the cheapest home insurance for homeowners with poor credit.
Progressive and Auto-Owners have the cheapest home insurance rates for homeowners with a claims history.
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NerdWallet analyzed pricing data from more than 100 insurers to find the cheapest home insurance companies in the country. Our sample policy was for a 40-year-old homeowner with good credit, $300,000 in dwelling coverage, $300,000 in liability coverage and a $1,000 deductible. Your own rates will differ.
Looking for highly rated home insurance, regardless of price? Check out the Best Homeowners Insurance Companies for 2025.
Find the most affordable home insurance in each category:
Find the most affordable home insurance in each category:
Get home insurance quotes in minutes
Answer a few questions to see custom quotes and find the right policy for you.Cheapest homeowners insurance from large companies
NerdWallet looked at average rates from some of the largest companies across the U.S. to find out which ones have the most affordable home insurance premiums.
Use the table below to see average annual rates for the three cheapest large companies, along with NerdWallet’s star rating.
Company | Average annual cost | NerdWallet star rating |
|---|---|---|
$2,055 | ||
$2,170 | Not rated | |
USAA* | $1,790 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
Get more details about the cheapest large companies to find out if they're right for you.
User-friendly website
Travelers
Offers lots of coverage options, decent discounts and a strong online experience.- User-friendly features on website and app.
- Discounts for eco-friendly homeowners.
- Draws fewer consumer complaints than expected for a company of its size.
- Doesn’t insure mobile or manufactured homes.
Overview: Travelers makes it easy to manage your policy online, including getting a quote, filing claims and making payments. But if you need more help, you can also contact a local insurance agent.
You can customize a standard Travelers homeowners policy with extra insurance for your personal belongings, plus water backup coverage in case a drain sends water back into your home. Identity theft insurance is another optional add-on.
Discounts: Buying more than one Travelers policy, having no recent claims, being a recent homebuyer, installing select smart-home devices.
Sample rates: Below are average Travelers rates for four different dwelling coverage amounts. (Dwelling coverage is the part of your policy that covers the structure of your home.)
Dwelling coverage amount | Average annual rate |
|---|---|
$200,000 | $1,490 |
$300,000 | $2,055 |
$400,000 | $2,555 |
$500,000 | $3,165 |
» MORE: Travelers home insurance review
Multiple insurer options
Progressive
Not yet rated
Best for Progressive auto customers looking to bundle their policies.- Auto discount available for Progressive car insurance customers.
- Can choose which insurance company you purchase from — uncommon for an insurer selling affiliate policies.
- Doesn't underwrite all its own policies.
- Must file a claim through the company that underwrites your policy.
Overview: Progressive sells both its own homeowners insurance policies and those from third-party insurers. When you go to Progressive’s website to get a home insurance quote, the company will look for offers from multiple providers to help you find the best combination of price and coverage.
The coverage options available to you will depend on which insurer you choose. You may be able to add coverage for water and sump pump backup, or for personal injury liability, which can defend you in court from charges like slander and libel.
Discounts: Bundling home and auto policies, receiving documents electronically, having a new home.
Sample rates: Below are average Progressive rates for four different dwelling coverage amounts.
Dwelling coverage amount | Average annual rate |
|---|---|
$200,000 | $1,705 |
$300,000 | $2,170 |
$400,000 | $2,590 |
$500,000 | $3,135 |
Policies for veterans and active military
USAA
Offers perks and affordable rates for the military community.- Policies include standard coverage that often costs extra elsewhere.
- Far fewer customer complaints to state regulators than expected for a company of its size.
- Rates are below the national average, according to NerdWallet’s analysis.
- Available only to active military members, veterans and their families.
Overview: This company sells homeowners insurance only to active military, veterans and their families. USAA generally covers your belongings on a “replacement cost” basis. That means if your items are stolen or destroyed, the company will pay enough for you to buy brand-new replacements, without deducting for depreciation. Some companies charge extra for this type of coverage.
USAA covers military uniforms with no deductible. It also won't charge a deductible if your belongings are damaged or destroyed in a war.
Discounts: Smart-home devices, loyalty, claims-free, bundling multiple USAA policies.
Sample rates: Below are average USAA rates for four different dwelling coverage amounts.
Dwelling coverage amount | Average annual rate |
|---|---|
$200,000 | $1,370 |
$300,000 | $1,790 |
$400,000 | $2,155 |
$500,000 | $2,500 |
» MORE: USAA homeowners insurance review
Cheapest home insurance for different situations
Just because an insurer is affordable for one set of circumstances doesn’t mean that company will always be the best option. NerdWallet looked at how different factors have an impact on the cheapest home insurance rates available.
To determine the top low-cost home insurance companies for each category, NerdWallet compared rates among companies for which we had data in at least 15 states. We chose the five cheapest options in each category.
Cheapest homeowners insurance by dwelling coverage amount
If your house costs more or less to rebuild than our sample home, you might need a different amount of dwelling coverage.
- $200,000 of dwelling coverage
Company
Average annual rate
Average monthly rate
$1,490
$124
$1,705
$142
$1,745
$145
$1,770
$148
USAA*
$1,370
$114
*USAA homeowners policies are available only to active military, veterans and their families.
- $400,000 of dwelling coverage
Company
Average annual rate
Average monthly rate
$2,555
$213
$2,560
$213
$2,590
$216
$2,895
$241
USAA*
$2,155
$180
*USAA homeowners insurance policies are available only to active military, veterans and their families.
- $500,000 of dwelling coverage
Company
Average annual rate
Average monthly rate
$3,100
$258
$3,135
$261
$3,165
$264
$3,455
$288
USAA*
$2,500
$208
*USAA homeowners insurance policies are available only to active military, veterans and their families.
Your dwelling coverage amount isn't necessarily the same as the market value of your home. Dwelling coverage is based on how much it would cost to rebuild your home if it were destroyed. The market value of your home includes the value of your land and reflects what someone would be willing to pay for the property. Learn how to determine home value.
Cheapest home insurance for homeowners with poor credit
In most states, homeowners with poor credit can expect to pay significantly more for insurance. Below are the companies that charge the least, on average, for those with poor credit.
Company | Average annual rate | Average monthly rate |
|---|---|---|
$3,555 | $296 | |
$3,655 | $305 | |
$3,905 | $325 | |
$3,920 | $327 | |
USAA* | $3,885 | $324 |
*USAA homeowners insurance policies are available only to active military, veterans and their families. | ||
Using credit to set homeowners, renters, condo and mobile home insurance prices is not allowed in California, Maryland and Massachusetts.
Studies have shown a correlation between having poor credit and filing more insurance claims. That's why most insurance companies charge more if you don't have strong credit. Learn more about how your credit score affects homeowners insurance.
Cheapest home insurance for homeowners with a recent claim
Many insurers raise your rates after you file a home insurance claim. Below, you can see the cheapest companies for homeowners who’ve filed a claim for wind damage.
Company | Average annual rate | Average monthly rate |
|---|---|---|
$2,255 | $188 | |
$2,385 | $199 | |
$2,385 | $199 | |
$2,415 | $201 | |
USAA* | $1,925 | $160 |
*USAA homeowners insurance policies are available only to active military, veterans and their families. | ||
Cheapest homeowners insurance for new homes
It’s generally cheaper to insure new homes than older ones. They meet the latest building safety codes, which could make them more resistant to natural disasters. And new plumbing, electrical and other systems have less wear and tear than older ones, making them less likely to fail and cause damage.
Below are the most affordable homeowners insurance companies for those with new homes.
Company | Average annual rate | Average monthly rate |
|---|---|---|
$710 | $59 | |
$1,040 | $87 | |
$1,180 | $98 | |
$1,325 | $110 | |
USAA* | $805 | $67 |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
Cheapest homeowners insurance for those with a $2,500 deductible
If you’re willing to raise your deductible, you’ll generally pay less for your homeowners insurance. A homeowners insurance deductible is the amount the insurance company subtracts from your claim payout.
Below are the cheapest companies for homeowners with a $2,500 deductible.
Company | Average annual rate | Average monthly rate |
|---|---|---|
$1,800 | $150 | |
$1,865 | $155 | |
$1,940 | $162 | |
$2,110 | $176 | |
USAA* | $1,555 | $130 |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
Cheapest home insurance rates in each state
Where you live typically has a big impact on the cost of insurance for your house and possessions. How close you live to the coast, crime rates in your area, population density and more can all influence your rate. Hover over the map below to see the state's cheapest home insurance company, as well as the insurer's average annual rate in that state.
The table below also shows the most affordable home insurance company in each state and its average annual rate.
State | Cheapest company | Average annual rate |
|---|---|---|
$2,085 | ||
Umialik | $1,020 | |
$1,480 | ||
Arkansas Farm Bureau | $2,845 | |
$995 | ||
Grange Insurance Association | $1,780 | |
Vermont Mutual | $1,155 | |
Cumberland Mutual | $750 | |
People's Trust | $1,585 | |
$1,600 | ||
DB Insurance | $330 | |
$1,220 | ||
Hastings Mutual | $1,740 | |
Buckeye | $950 | |
$1,875 | ||
$2,450 | ||
$1,920 | ||
$1,070 | ||
Vermont Mutual | $725 | |
$1,505 | ||
Narragansett Bay | $1,015 | |
Hastings Mutual | $1,155 | |
Western National | $1,785 | |
$2,855 | ||
Auto Club of SoCal (AAA) | $2,040 | |
$1,825 | ||
$3,655 | ||
CIG | $835 | |
Vermont Mutual | $665 | |
Selective | $915 | |
$1,720 | ||
Ontario Insurance | $1,155 | |
Lititz Mutual | $1,195 | |
North Star | $1,935 | |
Buckeye | $795 | |
$3,580 | ||
Grange Insurance Association | $775 | |
Cumberland Mutual | $655 | |
NLC Insurance | $1,125 | |
$1,495 | ||
North Star | $2,315 | |
$2,175 | ||
Texas Farm Bureau | $2,835 | |
$835 | ||
Vermont Mutual | $590 | |
$740 | ||
Grange Insurance Association | $990 | |
$1,155 | ||
$1,625 | ||
Rural Mutual | $1,015 | |
$1,365 |
Note: USAA offered the cheapest homeowners insurance in Alaska, Arkansas, Connecticut, Illinois, Mississippi, Oklahoma, Tennessee, West Virginia and Washington, D.C., on average. We didn’t include it in the map or table above because its policies are available only to active military, veterans and their families.
Learn more about homeowners insurance for veterans and military.
Cheapest homeowners insurance in 20 major cities
Below are the companies offering the most affordable homeowners insurance, on average, in 20 of the largest U.S. cities.
City | Cheapest company | Average annual rate |
|---|---|---|
Atlanta | $1,785 | |
Austin | Texas Farm Bureau | $1,735 |
Chicago | Hastings Mutual | $1,675 |
Dallas | Texas Farm Bureau | $3,000 |
Denver | Grange Insurance Association | $1,630 |
Fort Worth, Texas | Texas Farm Bureau | $3,300 |
Houston | Texas Farm Bureau | $2,835 |
Indianapolis | Buckeye | $1,090 |
Las Vegas | CIG | $800 |
Los Angeles | CSAA (AAA) | $985 |
Miami | People's Trust | $1,815 |
Minneapolis | Western National | $1,810 |
New York | $1,455 | |
Orlando | $1,630 | |
Philadelphia | Cumberland Mutual | $1,310 |
Phoenix | $1,480 | |
San Antonio | Texas Farm Bureau | $1,875 |
San Diego | $875 | |
San Jose, California | $770 | |
Seattle | Grange Insurance Association | $750 |
Note: USAA offered the cheapest homeowners insurance in Chicago, on average. We didn’t include it in the table above because its policies are available only to active military, veterans and their families.
Get home insurance quotes in minutes
Answer a few questions to see custom quotes and find the right policy for you.More than half of U.S. homeowners (54%) report that their insurance premiums have increased in the past 12 months, according to a 2025 NerdWallet survey of more than 1,300 U.S. homeowners, conducted online by The Harris Poll. According to the survey, 12% of homeowners switched insurance providers in the past 12 months to get a better rate and 10% increased their deductible during this time frame to save money.
How to get low-cost homeowners insurance
Some take a little more effort than others, but there are a variety of ways to get affordable home insurance for your property. Below are some of the most common ways to lower your homeowners insurance cost.
Insure your home for the proper amount. You shouldn't necessarily insure your home for its current market value (that is, how much the home could sell for). Instead, insure it for the amount it would cost to rebuild. Have your home insurance agent or company estimate your home’s replacement cost so you can insure your house for the correct amount. Learn more about how much home insurance you need.
Shop around. Don’t buy the first policy you get a quote for. We recommend comparing rates from at least three companies to find the most affordable option. Here’s how to get home insurance quotes.
More Nerdy Perspective
The first time I used an independent insurance agent was a game changer. Instead of having to get a bunch of quotes myself online or by phone, I gave all my details to the agent in one call, then sat back while she shopped around on my behalf. She came back with several quotes, and I ended up saving about $600 a year on all my policies (homeowners, auto and umbrella).
Increase your deductible. You can lower your premium by choosing a higher deductible. Just make sure you have enough cash to cover it should you need to file a claim.
Avoid filing small claims. Most home insurance companies offer a discount for customers who haven’t filed a claim in the past three to five years. If you can, avoid rate hikes by paying cash for home repairs and filing a claim only when absolutely necessary.
Add safety features to your home. Making your home safer now may save you money on home 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 help keep costs low.
Certain smart-home technology such as water leak detectors can also earn you a home insurance discount.
Bundle your policies. Many carriers offer a discount if you bundle home and auto insurance to make both policies more affordable.
Improve your credit. In most states, poor credit generally translates to higher insurance costs, including for homeowners insurance. While not an overnight fix, you can restore credit by making payments on time and using less than 10% of your total credit card limits.
- See all NerdWallet home insurance reviews
- Find the best homeowners insurance in your state
Frequently asked questions
Who has the cheapest and best homeowners insurance?
Who has the cheapest and best homeowners insurance?
USAA offers some of the lowest rates among big insurers and is on NerdWallet's list of The Best Homeowners Insurance Companies. However, USAA's policies are available only to active military, veterans and their families. Another highly rated company that offers cheap homeowners insurance is Travelers, which was named NerdWallet’s Best Budget-Friendly Homeowners Insurance Company for 2025.
Does using homeowners insurance raise rates?
Does using homeowners insurance raise rates?
Yes, filing a claim on your homeowners insurance often leads to a rate increase in the future. That's why it may not make financial sense to submit claims for minor damage you can pay for yourself.
Why does my homeowners insurance keep going up?
Why does my homeowners insurance keep going up?
Even if you've never filed a claim, your insurance company may raise your rates for other reasons. Inflation and supply chain issues have made it more expensive to rebuild homes, which means it costs more for your insurance company to pay claims. Increasingly frequent disasters such as wildfires and hurricanes have also driven up the cost of insurance. Learn how to protect your home from climate change.
Homeowners insurance rates methodology
To find the cheapest homeowners insurance, NerdWallet calculated the median rates for 40-year-old homeowners from a variety of insurance companies in the 25 largest cities in each state by population. All rates are rounded to the nearest $5.
Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. 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.
$1,000 in medical payments coverage.
We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.
We used the same assumptions for all other homeowner profiles, with the following exceptions:
For homeowners with a claims history, we added a single wind damage claim.
To see the effect of changing your deductible, we raised the deductible from $1,000 to $2,500.
For homeowners with newer homes, we changed the year the house was built to 2024.
We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for homeowners with poor credit. In states where credit isn’t taken into account, we only used rates for “good” credit.
To see the effect of changing your dwelling coverage amount, we changed the limit to $200,000, $400,000 or $500,000. This also changed some of the other coverage limits that were tied to the dwelling coverage amount. For example, the other structures coverage limit is typically 10% of the dwelling coverage amount, so our sample policy with $200,000 of dwelling coverage had $20,000 of other structures coverage.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
Survey methodology
This survey was conducted online within the United States by The Harris Poll on behalf of NerdWallet from April 10-14, 2025, among 1,337 U.S. adults ages 18 and older who own a home. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.2 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact press@nerdwallet.com.
