Best Homeowners Insurance

Cheap homeowners insurance is insurance designed specifically for low-income homeowners. It will provide you with what you require at a reduced price without any unnecessary extras. Homeowners insurance covers losses caused by fire, weather, theft, or other covered disasters to your home or personal property. It also covers your personal liability for injuries to others or damage to their property while on your property.

The best cheap homeowners insurance will be simple to obtain and apply for, and it will provide coverage in multiple states. It will have an overall positive reputation, a long history in the industry, and years of experience. It will also provide a variety of policies with varying levels of coverage, competitive rates, and numerous discounts.

2023's Best Cheap Homeowners Insurance

Amica Insurance

Because of its competitive rates, discounts, and high ratings for customer satisfaction, stability, and reputation, Amica was chosen as the best overall cheap homeowners insurance.

Overview

Amica Discount

When you combine your home insurance with your auto, condo, renter's, life, or umbrella policies, you can save up to 30%:

• Discount for loyalty (after two years)
• Discount for claims history (when there have been no claims in the last three years)
• Autopay savings
• E-Discount (when you sign up to receive bills and information electronically) (when you sign up to receive bills and information electronically)
• Discount on alarm systems (for burglar alarms, sprinkler systems, and fire alarms)
• Discount on automatic detection devices
• New mortgage credit

Amica Coverage Options

You can supplement your standard home insurance policy with the following coverage options:

• House replacement
• Important items
• Replacement of personal property
• Coverage for natural disasters
• Platinum Home Business Option Household Package (includes standard coverage plus business, computer, credit card, and water backup coverage)

Allstate Insurance

Allstate provides a variety of discounts to help you save money on your policy, such as discounts for bundling and claim-free years. It also has policies that can be changed.

Overview

Allstate Discounts 

The following discounts are available from Allstate:

• When you combine your home and auto policies, you can save up to 25%.
• Switching to Allstate without a recent home insurance claim can save you up to 20%.
• When you set up automatic payments, you can save up to 5%.
• If you buy a newly constructed home or are a recent homebuyer, you can save up to 10% by switching to Allstate, and you can save 10% every year after that.

Allstate Coverage Options

Allstate provides coverage for the following items in addition to standard home insurance options:

• Identity theft recovery
• Water overflow
• Personal property that has been scheduled
• Commercial property
• Reimbursement for green improvements
• Garden and yard
• Data recovery from electronic media
• Instruments of music
• Sporting goods

Farmers Insurance

Farmers provides customizable policies with features tailored specifically to mobile homeowners.

Overview

Farmers Discounts 

Farmers offers discounts to help you save money depending on where you live, including:

• Farmers Business/professional group discount if you purchase multiple policies.
• Discount for nonsmokers
• Discounts on deadbolts and high-security locks
• Security system discounts Fire alarm discounts

Farmers Coverage Options

As a starting point, Farmers offers three customizable packages:

1. Standard: Intended for first-time homebuyers.
2. Enhanced: Increased policy limits and additional features
3. Premier: The highest personal property limits and coverage, with optional guaranteed replacement cost.

The three packages are fully customizable, with the ability to increase or decrease limits and add or change coverage. Additional package coverage options include:

• Eco-Rebuild (receive up to $25,000 toward the additional cost of replacing materials and appliances with environmentally friendly alternatives).
• Contents Replacement Cost Insurance
• Identity Protection

State Farm

State Farm has a large network of local agents who can provide personalized, in-person customer service to policyholders.

State Farm Discounts Overview

State Farm provides fewer discounts than the other companies on this list. Customers may still be able to save money on premiums with these discounts:

• Discount for Multiple Lines (when you bundle your home and auto insurance).
• Discounted Home Alert Protection (if you have installed fire, smoke, or burglar alarms).
• Roofing Savings.

Exclusions from State Farm Coverage

The following articles and events are not covered by State Farm Homeowners policies:

• Floods.
• The underground water.
• Earthquakes.
• Mudslides.
• Nuclear dangers.
• Rodents\Birds.
• Insects.
• Animals in the home.
• Events and equipment related to business.
• Watercraft.

These exclusions are fairly common in most homeowner policies.

USAA

USAA has a strong reputation and a network of experienced agents who can explain these services to military members and veterans.

Discounts from USAA

USAA members can save money on everything from flowers and shipping to tax preparation and car purchases. USAA members can take advantage of the following discounts on home insurance:

• When you combine your property and auto insurance, you can save up to 10%.
  
• You can save up to 15% if you go five years without filing a claim.
  
• ADT home security systems come with a Protective Device Credit and special savings.

USAA Coverage Options

Fire, theft, vandalism, most weather-related events, liability, and identity theft are all covered under standard USAA policies. You are also covered for loss of military uniforms or equipment you own due to a covered peril if the loss occurs while you are on active or reserve duty (with no deductible). Other coverage options include:

• Flood protection insurance
  
• Coverage of earthquakes
  
• Valuable personal property
  
• Coverage for home-sharing