In this article, we are going to look at the 5 best home insurance companies heading into 2024. If you want to read more about the best home insurance companies and check out our detailed analysis of the home insurance market, you can go to 15 Best Home Insurance Companies Heading into 2024.
5. Erie Indemnity Company (NASDAQ:ERIE)
Number Of Mentions: 3
Insider Monkey Ranking: 3.33
Erie Indemnity Company (NASDAQ:ERIE) is a property and casualty insurance company that offers auto, business, life, and home insurance through a network of over 13,000 independent insurance agents. It ranks among the top 5 on our list of best home insurance companies heading into 2024. With Erie Indemnity Company (NASDAQ:ERIE), a standard homeowners insurance policy will include all the usual coverage as well as coverages that are typically not included by other insurance coverage providers, such as coverage for cash and precious metals, pets, hard-to-replace items, and replacement cost.
Follow Erie Indemnity Co (NASDAQ:ERIE)
Follow Erie Indemnity Co (NASDAQ:ERIE)
4. Nationwide Mutual Insurance Company
Number Of Mentions: 4
Insider Monkey Ranking: 7.75
Nationwide Mutual Insurance Company is one of the largest insurance and financial services companies in the world. Commonly shortened to Nationwide, it offers homeowners, condo, and renters insurance. The standard homeowners insurance policy will cover your home, other structures, personal belongings, personal liability, medical expenses, and additional living expenses. The standard policy will also offer credit card coverage which covers unauthorized charges. Nationwide also offers special discounts for bundling auto, home and life insurance.
3. American Family Insurance
Number Of Mentions: 4
Insider Monkey Ranking: 7.25
American Family Insurance is a private mutual company that offers property, casualty, auto, life, health, and homeowners insurance, among other insurance products and services. It ranks among the top 3 on our list of best home insurance companies heading into 2024. American Family’s standard homeowners insurance provides dwelling coverage, coverage for other structures, personal property coverage, personal liability coverage, and loss of use coverage. It also allows homeowners to add a variety of optional coverages, such as identity theft, valuable jewelry, and equipment breakdown, which offers protection against the breakdown of appliances, home systems or smart home devices.
2. State Farm Insurance
Number Of Mentions: 4
Insider Monkey Ranking: 3.75
State Farm Insurance is one of the largest property, casualty, and auto insurance providers in America. It ranks second on our list of the best home insurance companies heading into 2024. State Farm offers homeowners insurance coverage at competitive rates, and in addition to its standard offerings, State Farm also has a wide range of add-on options that allow homeowners to customize their policies. These include coverage for valuable possessions, water backup, and coverage for structures located outside the premises of your home.
1. USAA
Number Of Mentions: 4
Insider Monkey Ranking: 1.75
USAA (United Services Automobile Association) is an American financial services and insurance company that tops our list of the 15 best home insurance companies heading into 2024. While USAA provides homeowners insurance only for military members, veterans and their family members, it is consistently ranked at the top for its exceptional services and customer satisfaction. It offers an affordable standard homeowners insurance policy that covers dwelling, personal property, liability, and loss of use. The standard policy offered by USAA also includes replacement cost coverage, which most insurance providers do not offer as standard.
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