Cheapest Home Insurance Quotes (2026)
Shelter, American Family, and Cincinnati Insurance are the cheapest national home insurance companies.
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Writer: Danny SmithInsurance Writer
Writer: Danny SmithInsurance Writer
Qualifications:
Licensed auto and home insurance agent
4+ years in content creation and marketing
As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.
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Editor: Ashley CoxSenior Managing Editor
Editor: Ashley CoxSenior Managing Editor
Qualifications:
7+ years in content creation and management
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
)
Reviewer: David MarlettAdvisor
Reviewer: David MarlettAdvisor
Qualifications:
25 years teaching risk management and insurance course
Former commercial lines underwriter
David is the managing director of the Brantley Risk and Insurance Center. He has been quoted by The New York Times and CNN.
)
Data reviewer: Chase GardnerData Insights Manager
Data reviewer: Chase GardnerData Insights Manager
Qualifications:
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
Updated
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Homeowners insurance is essential — and expensive. The average cost for a policy with a $1,000 deductible and $300,000 dwelling coverage is $2,772 per year, according to Insurify data. If you live in a state with high risks from severe weather, like Florida, your annual home insurance premium can be much higher than the national average.
Comparing quotes from multiple companies could help you find the most affordable coverage for your needs. But keep in mind that the company with the cheapest rates may not be the best option for you.
We analyzed home insurance rates across 180+ companies to determine which are the cheapest. Here’s what you need to know to find cheap home insurance.
Quick Facts
Shelter is the cheapest nationally available home insurance company, on average.
Your home’s age, location, structure, and other factors affect the cost of home insurance.
Florida is the most expensive state for home insurance, with an average annual premium of $6,324 for $300,000 in dwelling coverage.
Cheapest home insurance companies in 2025
Your exact home insurance premium will depend on factors like your home’s size, location, and age. It may also be possible to find cheaper coverage through regional insurance companies like Vermont Mutual, which has the lowest rates of any insurer, according to Insurify data, but is only available in seven U.S. states. Regional insurers vary in size and aren’t available in every state.
The following table shows the average annual premium for $300,000 in dwelling coverage from widely available (operating in more than 26 states) top home insurance companies.
The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT.
Data reviewed by Chase Gardner)
)
)
)
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| AIG | $1,680 |
| USAA | $1,956 |
| American Family | $2,124 |
| Foremost | $2,400 |
| Farmers | $2,676 |
| State Farm | $2,724 |
| Auto-Owners | $2,952 |
| Nationwide | $3,240 |
| Allied | $3,840 |
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Cheapest home insurance by dwelling coverage
Higher dwelling coverage limits result in higher premiums. But it’s important to consider the value of your home and your location’s risk when determining how much coverage you need. Generally, your dwelling coverage amount should be equal to at least 80% of your home’s replacement cost.
It’s also important to note that the cheapest insurer for your desired dwelling coverage limit can vary.
The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Grange | $912 |
| CSAA | $936 |
| Amica | $1,104 |
| AIG | $1,248 |
| National General | $1,284 |
| USAA | $1,476 |
| Westfield | $1,476 |
| Foremost | $1,572 |
| American Family | $1,584 |
| AFI | $1,740 |
| Travelers | $1,740 |
| Allstate | $1,764 |
| Mercury | $1,764 |
| Farmers | $1,860 |
| ASI | $1,968 |
| State Farm | $2,136 |
| Auto-Owners | $2,256 |
| Nationwide | $2,268 |
| Erie | $2,328 |
| Encompass | $2,412 |
| Chubb | $2,472 |
| Country Financial | $2,616 |
| Allied | $2,700 |
| Metropolitan | $2,952 |
The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Grange | $1,320 |
| CSAA | $1,368 |
| Amica | $1,536 |
| AIG | $1,680 |
| Westfield | $1,752 |
| National General | $1,896 |
| USAA | $1,956 |
| American Family | $2,124 |
| AFI | $2,160 |
| Foremost | $2,400 |
| Mercury | $2,400 |
| Allstate | $2,412 |
| Travelers | $2,424 |
| ASI | $2,484 |
| Farmers | $2,676 |
| State Farm | $2,724 |
| Auto-Owners | $2,952 |
| Encompass | $3,168 |
| Nationwide | $3,240 |
| Erie | $3,276 |
| Country Financial | $3,432 |
| Chubb | $3,564 |
| Allied | $3,840 |
| Metropolitan | $4,176 |
The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Grange | $2,136 |
| CSAA | $2,184 |
| Amica | $2,316 |
| Westfield | $2,352 |
| AIG | $2,712 |
| USAA | $2,832 |
| AFI | $3,048 |
| American Family | $3,168 |
| National General | $3,360 |
| ASI | $3,540 |
| Allstate | $3,648 |
| State Farm | $3,744 |
| Mercury | $3,780 |
| Travelers | $3,804 |
| Foremost | $4,152 |
| Farmers | $4,380 |
| Auto-Owners | $4,428 |
| Encompass | $4,560 |
| Erie | $5,016 |
| Nationwide | $5,112 |
| Country Financial | $5,124 |
| Chubb | $5,484 |
| Allied | $6,288 |
| Metropolitan | $7,044 |
Cheapest home insurance by state
Home insurance rates can vary dramatically between states for several reasons. Some states, like Florida, Oklahoma, and Louisiana, are more prone to severe weather than others, resulting in more expensive premiums. Things like the cost of materials, location, and labor costs can also affect your home insurance premiums.
The table below shows the cheapest insurers in every state and the cheapest monthly rates for a $300,000 dwelling coverage limit.
State | Cheapest Company | Cheapest Monthly Rate |
|---|---|---|
| Alaska | Umialik Insurance | $75 |
| Alabama | Allstate | $171 |
| Arkansas | Farmers | $143 |
| Arizona | USAA | $106 |
| California | Pacific Specialty | $78 |
| Colorado | Grange | $127 |
| Connecticut | Vermont Mutual | $95 |
| Washington D.C. | USAA | $82 |
| Delaware | Encompass | $86 |
| Florida | State Farm | $416 |
| Georgia | Allstate | $125 |
| Hawaii | Allstate | $70 |
| Iowa | Farmers | $132 |
| Idaho | Oregon Mutual | $73 |
| Illinois | Allstate | $81 |
| Indiana | Allstate | $58 |
| Kansas | Farmers | $187 |
| Kentucky | Westfield | $156 |
| Louisiana | Foremost | $210 |
| Massachusetts | AIG | $76 |
| Maryland | Travelers | $90 |
| Maine | Vermont Mutual | $60 |
| Michigan | Auto-Owners | $89 |
| Minnesota | Foremost | $119 |
| Missouri | USAA | $102 |
| Mississippi | USAA | $146 |
| Montana | Chubb | $71 |
| North Carolina | State Farm | $89 |
| North Dakota | Farmers | $123 |
| Nebraska | USAA | $164 |
| New Hampshire | Amica | $62 |
| New Jersey | Selective Insurance | $64 |
| New Mexico | State Farm | $192 |
| Nevada | Travelers | $69 |
| New York | Travelers | $74 |
| Ohio | Farmers | $94 |
| Oklahoma | American National | $196 |
| Oregon | Oregon Mutual | $46 |
| Pennsylvania | Selective Insurance | $59 |
| Rhode Island | State Farm | $110 |
| South Carolina | Chubb | $128 |
| South Dakota | Austin Mutual | $139 |
| Tennessee | American National | $128 |
| Texas | Republic Indemnity | $188 |
| Utah | Foremost | $64 |
| Virginia | Travelers | $103 |
| Vermont | Vermont Mutual | $53 |
| Washington | Foremost | $76 |
| Wisconsin | West Bend Mutual | $73 |
| West Virginia | USAA | $88 |
| Wyoming | USAA | $110 |
How to get cheaper home insurance
You can get cheaper home insurance in a number of ways. Consider the following tips when you’re looking to cut your home insurance costs:
Compare home insurance quotes
Quote comparison is one of the best ways to lower your home insurance rates. Always compare quotes from at least three insurers before buying a policy.
Increase your deductible
Increasing your home insurance deductible will lower your premium. Just be sure you can afford to pay the deductible out of pocket if you need to file a claim.
Raise your credit
Improving your credit could lead to lower home insurance rates. Insurers correlate bad credit with a higher likelihood of filing a claim.
Look for discounts
Many insurers offer discounts that you can take advantage of. You may be able to get discounts for things like loyalty, building with better materials, and having home security.
Common discounts to consider
Most insurance companies offer discounts that can help reduce the cost of home insurance. Common discounts include:
Bundling: Insurance companies typically offer a discount if you buy two types of policies — home and auto, for example — from the same insurer.
Paid in full: Paying your entire year’s premium at the beginning of the policy, or when it renews, could yield a discount.
Claims-free: You may qualify for a discount if you haven’t had any claims within a certain time frame.
Wind mitigation: If you make home improvements that reduce your home’s risk of wind damage, your insurer may offer a discount.
Paperless: You may get a discount if you agree to receive policy documents, bills, and communications digitally.
Green: Insurers often reward homeowners who update their homes to green standards with a discount. You’ll likely need to have your home certified by an organization like the Leadership in Energy and Environmental Design Organization (LEED).
Cheapest home insurance for new construction
Newer homes tend to be cheaper to insure than older homes since they’re less likely to have issues that require claim payouts. In the table below, you can see average annual premiums for homes built after 2015.
The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Grange | $1,004 |
| CSAA | $1,041 |
| Amica | $1,169 |
| AIG | $1,278 |
| Westfield | $1,333 |
| National General | $1,443 |
| USAA | $1,488 |
| American Family | $1,616 |
| AFI | $1,644 |
| Foremost | $1,826 |
| Mercury | $1,826 |
| Allstate | $1,835 |
| Travelers | $1,845 |
| ASI | $1,890 |
| Farmers | $2,036 |
| State Farm | $2,073 |
| Auto-Owners | $2,246 |
| Encompass | $2,411 |
| Nationwide | $2,465 |
| Erie | $2,493 |
| Country Financial | $2,612 |
| Chubb | $2,712 |
| Allied | $2,922 |
| Metropolitan | $3,178 |
| Shelter | $3,187 |
Cheapest home insurance for old homes
Older homes can be more expensive to insure for multiple reasons. They can be more likely to have issues that require insurance payouts.[1] And they may be built with construction materials or architectural details that are more costly to repair or replace.
The following table shows average annual premiums for older homes from some of the cheapest insurers.
The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Grange | $1,360 |
| CSAA | $1,409 |
| Amica | $1,583 |
| AIG | $1,731 |
| Westfield | $1,805 |
| National General | $1,953 |
| USAA | $2,015 |
| American Family | $2,188 |
| AFI | $2,225 |
| Foremost | $2,473 |
| Mercury | $2,473 |
| Allstate | $2,485 |
| Travelers | $2,497 |
| ASI | $2,559 |
| Farmers | $2,757 |
| State Farm | $2,807 |
| Auto-Owners | $3,041 |
| Encompass | $3,264 |
| Nationwide | $3,338 |
| Erie | $3,375 |
| Country Financial | $3,536 |
| Chubb | $3,672 |
| Allied | $3,956 |
| Metropolitan | $4,303 |
| Shelter | $4,315 |
Cheapest home insurance for bad credit
In most states, home insurance companies can consider your credit history when establishing rates. Insurers don’t look at your actual credit score. Instead, they use credit information to generate credit-based insurance scores and predict your likelihood of filing a claim.[2]
Here are average annual premiums for $300,000 in dwelling coverage for policyholders with poor credit.
The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Grange | $1,580 |
| CSAA | $1,638 |
| Amica | $1,839 |
| AIG | $2,011 |
| Westfield | $2,097 |
| National General | $2,270 |
| USAA | $2,341 |
| American Family | $2,542 |
| AFI | $2,586 |
| Foremost | $2,873 |
| Mercury | $2,873 |
| Allstate | $2,887 |
| Travelers | $2,902 |
| ASI | $2,973 |
| Farmers | $3,203 |
| State Farm | $3,261 |
| Auto-Owners | $3,534 |
| Encompass | $3,792 |
| Nationwide | $3,878 |
| Erie | $3,921 |
| Country Financial | $4,108 |
| Chubb | $4,266 |
| Allied | $4,597 |
| Metropolitan | $4,999 |
| Shelter | $5,013 |
Cheapest home insurance for high deductible
Home insurance policies typically have one or more deductibles, an amount you’ll have to pay out of pocket toward a covered loss before your insurance kicks in. Because a higher deductible is your way of sharing more risk with the insurer, the higher your deductible, the lower your premium will generally be.
But before buying a high-deductible policy, make sure you can afford to pay it out of pocket in the event of a claim.
The following table shows average annual premiums for a policy with $750,000 in dwelling coverage and a $10,000 deductible.
The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| CSAA | $2,174 |
| Grange | $2,190 |
| Westfield | $2,215 |
| Amica | $2,273 |
| USAA | $2,661 |
| AIG | $2,744 |
| American Family | $2,802 |
| AFI | $2,860 |
| ASI | $3,248 |
| State Farm | $3,380 |
| National General | $3,446 |
| Allstate | $3,471 |
| Mercury | $3,727 |
| Travelers | $3,736 |
| Encompass | $4,207 |
| Auto-Owners | $4,248 |
| Farmers | $4,331 |
| Foremost | $4,496 |
| Erie | $4,926 |
| Country Financial | $5,008 |
| Nationwide | $5,223 |
| Chubb | $5,248 |
| Shelter | $6,810 |
| Allied | $7,050 |
| Metropolitan | $7,554 |
Cheapest home insurance for high-value homes
Your home’s value directly affects how much you’ll pay to insure it each year. Generally, homes with higher values cost more to repair or rebuild and often contain luxury items or features that are costly to replace.
Insurers typically consider a home with a value of $750,000 or more to be a high-value home, although some companies may set the threshold at $1 million or more. Here are average annual premiums for a $750,000 home insurance policy from top insurers.
The below national rates are estimated rates current as of: Sunday, November 1 at 12:28 AM PDT.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| CSAA | $3,156 |
| Grange | $3,180 |
| Westfield | $3,216 |
| Amica | $3,300 |
| USAA | $3,864 |
| AIG | $3,984 |
| American Family | $4,068 |
| AFI | $4,152 |
| ASI | $4,716 |
| State Farm | $4,908 |
| National General | $5,004 |
| Allstate | $5,040 |
| Mercury | $5,412 |
| Travelers | $5,424 |
| Encompass | $6,108 |
| Auto-Owners | $6,168 |
| Farmers | $6,288 |
| Foremost | $6,528 |
| Erie | $7,152 |
| Country Financial | $7,272 |
| Nationwide | $7,584 |
| Chubb | $7,620 |
| Shelter | $9,888 |
| Allied | $10,236 |
| Metropolitan | $10,968 |
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What factors affect the cost of home insurance?
Many different factors affect the cost of home insurance, such as:[3]
The size of your home: The larger your home, the more it’ll cost to replace. Insurers consider this when setting your rate.
Local building costs: Your premiums could increase if you live in an area where building supplies and labor are expensive, which drives up repair costs.
Your credit history: Insurance companies consider your credit when setting rates and usually offer lower rates to homeowners with better credit.
The age of your home: Older homes come with unique and often expensive repair needs. Having an older home can lead to increased premiums, as insurers will compensate for the increased cost of materials required to repair the home.
Location: Factors specific to your location can affect how likely you are to file a claim, like severe weather frequency, natural disasters, and crime rates. Insurers consider these factors when determining how likely you are to file a claim and how much those claims will cost.
Cheap home insurance FAQs
Finding good, cheap home insurance can be trickier than you may expect. Take a look at the answers to these commonly asked questions about finding cheap home insurance before you start your search.
Will your homeowners insurance go up if you file a claim?
Yes. Your homeowners insurance will typically go up at renewal time if you file a claim. Your insurer will likely consider the type, number, and cost of the claims you filed when deciding whether to renew your policy, and at what price.
But each state has its own regulations about how much insurers can increase rates.
Does age affect home insurance rates?
Yes. Your home’s age affects your home insurance rates. It’s simple: The older your home is, the more likely it is that something in it will break.
New construction homes have new appliances and building materials and therefore are less likely to have issues in the near future, resulting in lower home insurance rates.
Which company has the cheapest homeowners insurance?
Shelter has the cheapest homeowners insurance for policies with a $300,000 dwelling limit. But your rates will vary based on numerous factors, so Shelter may not be the cheapest option for you.
Your rate will depend on things like your home’s size and age, local building costs, location, dwelling coverage limit, and even your credit.
Sources
- Progressive. "How can I get home insurance for an older home?."
- Insurance Information Institute. "Background on: Insurance scoring."
- National Association of Insurance Commissioners. "A Consumer's Guide to Home Insurance."
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
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Writer: Danny SmithInsurance Writer
Writer: Danny SmithInsurance Writer
Qualifications:
Licensed auto and home insurance agent
4+ years in content creation and marketing
As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.
Editor: Ashley CoxSenior Managing Editor
Editor: Ashley CoxSenior Managing Editor
Qualifications:
7+ years in content creation and management
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
Reviewer: David MarlettAdvisor
Reviewer: David MarlettAdvisor
Qualifications:
25 years teaching risk management and insurance course
Former commercial lines underwriter
David is the managing director of the Brantley Risk and Insurance Center. He has been quoted by The New York Times and CNN.
Data reviewer: Chase GardnerData Insights Manager
Data reviewer: Chase GardnerData Insights Manager
Qualifications:
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.