7 Of The Most Affordable Homeowners Insurance Companies

Shopping for home insurance companies that offer the coverage and policy you need at an affordable rate can be challenging. This means researching insurance companies with coverage and rates that fit your needs and budgets. In this post, we’ve compared expert analysis and in-depth research to provide an accurate list of the most affordable homeowners insurance companies out there.


While the company’s name references life insurance, MetLife sells different insurance products like home, auto, vision, and dental insurance. MetLife homeowner’s insurance policies include the standard coverage such as property damage and liability, but you also have full access to replacement coverage for your belongings. In addition, your policy may also include identity protection services. There are opportunities for discounts too.


USAA offers low-cost homeowners insurance options for U.S. armed forces, veterans, active service members, and their families. In addition to selling homeowners insurance, USAA also sells life insurance, health insurance, auto insurance, business insurance, and other financial products. However, its membership is just for people who have a proven personal connection to the armed services. The insurance company combines an excellent reputation for customer service with unbeatable rates.

Erie Insurance

Erie Insurance offers competitive prices and has strong customer service ratings. The company offers several insurance coverage options for your home, including liability coverage, structure coverage, personal property coverage, and home business protection. In addition to homeowner’s coverage, Erie also sells life insurance, auto insurance, and policies for boats, motorcycles, and recreational vehicles. Erie only sells insurance in some parts of the U.S., but you can purchase insurance policies through independent agents. The company offers several discounts for having multiple policies and safety devices.


Insurance Companies

Allstate is one of the largest and most affordable insurance companies in the U.S. The company owns Encompass Insurance, Esurance, and SquareTrade. Allstate sells all types of insurance, and its homeowner’s insurance policies feature incentives for energy-efficient homes and discounts for smoke-free homes and seniors. Allstate has landlord, condo, renters, and mobile home insurance policies. Coverage options vary state by state.

State Farm

State Farm is another affordable homeowner insurance insurer in the U.S. The company also sells disability insurance, life insurance, and other policies, such as insurance coverage for income property, manufactured homes, farms, and ranches, in addition to homeowners insurance. State Farm also sells homeowners insurance policies for condo units and renter properties.

Liberty Mutual

Liberty Mutual sells different insurance products in the U.S, including home insurance and auto insurance. The company also provides many insurance coverage options like higher coverage limits for liability if you have some basic amenities in your property. Various discounts are available, from a security system in your home to choosing paperless billing. You can buy extra coverage options, such as inflation protection and valuables coverage.


Progressive is the most underrated homeowner insurance provider. The company is dedicated to making home insurance accessible. Progressive takes every bit of good from other insurance and offers it as their own, from extensive insurance policies and coverage to unlimited discounts. Progressive lets you buy homeowners insurance on installment, but it will cost more than paying upfront. The company also has online tools that let you choose suitable policies for your budget. Odds are, you’ll find Progressive rates better than most insurance companies.

In Conclusion

Whether you’re leaning toward Liberty Mutual for its extensive discounts, or Erie Insurance for its unique coverage options, or State Farm to insure your condo, we recommend getting quotes from at least three insurance companies to compare prices.