Best Home Insurance Companies of 2023

State Farm is the No. 1 company for home insurance in 2023, based on high scores from current customers and a wide variety of policy options. It received 4.6 out of 5 stars. In the Insure.com survey, it ranked at the top for customer satisfaction; 93% of customers said they were satisfied with State Farm overall. It’s also the home insurer most recommended to others by current customers; in the survey, 97% said they would recommend State Farm to others.

State Farm has a long history, is financially stable, and is the biggest home insurance company in the country. It has an AM Best rating of A++, the best possible rating. It’s one of the top-rated home and auto insurance companies, making it good for bundling.

Auto-Owners is a smaller company, but its excellent customer service, competitive rates, and a wide variety of policy offerings land it second only to State Farm. The company earned 4 out of 5 stars. The Insure.com survey found that 89% of Auto-Owners customers would recommend the company to others, and it matches State Farm’s top AM Best rating of A++.

Home insurance discounts with Auto-Owners are a big part of the company’s appeal, and that includes the auto and home bundling discount. Auto-Owners isn’t available in every state and doesn’t provide quotes online, but those drawbacks don’t keep it from the No. 2 spot.

Travelers is outstanding for customer service and policy offerings, and 94% of customers in the survey said they’d recommend it to others for home insurance. It earned 3.6 out of 5 stars. Customers are satisfied with the ease of service and policy offerings and scored the company well across the survey.

Travelers earned AM Best’s top A++ rating for financial stability, which means the company is on solid financial ground. Travelers is a good company for one-stop shopping as well, offering a wide variety of policies to keep everything in one place and a multi-policy discount.

One of the biggest names in home insurance, Allstate is a great pick for homeowners, with some of the lowest average rates across all companies surveyed. Multi-policy bundling discounts help rates look even better to insurance shoppers.

Allstate customers do feel they’re in good hands, as 89% of those surveyed said they plan to renew their home insurance with the company. AM Best agrees, giving Allstate an A+ rating for financial stability. The company earned 3.5 out of 5 stars.

One of the smaller companies on the best home insurance companies list, Erie still packs a punch. It earned 3.4 out of 5 stars. The company was highly rated by customers in the survey and beats many competitors on rates, even much bigger companies.

Although Erie isn’t available in all states, it’s a good pick for anyone in its service area. With many policy options available and a good-sized auto and home bundling discount of 17%, it offers solid coverage and value. It’s also financially stable, and customers largely plan to renew.

Progressive has risen to become one of the biggest insurance companies in the nation, and while it’s typically been known for car insurance, it’s become a very popular pick for home insurance as well. It earned 3.1 out of 5 stars and lands at No. 6 on our list of the best home insurance companies.

The vast majority of Progressive customers – 92% – said they’d recommend the company in our survey. And its rates are below average, making it an affordable pick.

Landing in the No. 7 spot on the best home insurance companies list is Nationwide, a company that offers a wide variety of coverage options beyond home insurance, making it a good place to bundle. Its auto and home bundling discount is one of the bigger ones as well, at 22%, which could save homeowners a lot of money. The company received 3 out of 5 stars.

Nationwide’s home insurance rates come in just under the national average, but with the many discount options, those rates could easily be a lot lower. The company has a solid reputation as well as a good financial standing.

American Family’s rates are below the national average, and customers rated it highly for claims service, earning it the eighth-place spot on the list of best insurance companies. In the survey, 94% of customers said they would recommend American Family to others. That ties the company for second place as the most recommended in the survey. The company earned 2.9 out of 5 stars.

American Family has a good suite of discounts for home insurance and a solid financial rating from AM Best.

Farmers landed in the No. 9 spot on the best insurance companies list for 2023 with a good score for claims handling in the survey. Although J.D. Power scores weren’t used in our rankings, that lines up with the company’s high rating from J.D. Power for claims satisfaction. The company received 2.4 out of 5 stars.

Although Farmers rates were a little above average, the company has a good list of discounts and offers a 15% auto and home bundling discount as well. That means there are plenty of ways to save.