The Cheapest Homeowners Insurance Companies in 2026
The carriers consistently quoting lowest for typical 3-bedroom homes. National average $1,820/yr — cheapest carriers come in around $1,486/yr.
Updated May 21, 2026 · Methodology
| Carrier | Avg annual | Wind/hail handling | Best for |
|---|---|---|---|
| $1,486 | Strong in plains states | Overall cheapest, clean-claim |
| $1,572 | Best for Gulf-coast wind | CAT-prone states |
| $1,628 | Solid agent support | Bundling auto + home |
| $1,694 | Flexible deductibles | Customizable coverage |
| $1,712 | Newer homes preferred | Post-2010 construction |
| $1,748 | Comprehensive endorsements | 55+ via AARP |
- CarrierAvg annual$1,486Wind/hail handlingStrong in plains statesBest forOverall cheapest, clean-claim
- CarrierAvg annual$1,572Wind/hail handlingBest for Gulf-coast windBest forCAT-prone states
- CarrierAvg annual$1,628Wind/hail handlingSolid agent supportBest forBundling auto + home
- CarrierAvg annual$1,694Wind/hail handlingFlexible deductiblesBest forCustomizable coverage
- CarrierAvg annual$1,712Wind/hail handlingNewer homes preferredBest forPost-2010 construction
- CarrierAvg annual$1,748Wind/hail handlingComprehensive endorsementsBest for55+ via AARP
The cheapest homeowners insurance carrier in 2026 depends on three things: where you live, how old your home is, and your claim history. State Farm leads the national average ($1,486/yr) for clean-claim homes, but in Florida, Travelers usually wins; in California wildfire zones, your carrier choices are dramatically narrower.
The cheapest carrier on paper isn’t always the best policy. A $300/yr cheaper carrier with a 5% hurricane deductible isn’t cheaper if a storm hits — on a $450K home, that’s $22,500 out of pocket before they pay a dollar.
- Median shopper saves $324/yr by switching to the cheapest binding home quote from our comparison.
- Three highest-leverage moves to cut premium: bundle with auto (12–25% off), raise deductible from $1K to $2.5K (8–14% off), replace roof if 15+ yrs old.
- In CAT-prone states, "cheapest" matters less — coverage breadth, deductible structure, and carrier solvency matter more.
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Cheapest carriers by property profile
Newer construction (2010+, no claims)
State Farm and Travelers consistently win this bucket. Newer homes are cheaper to insure across the board — modern wiring, plumbing, roofing.
Older homes (pre-1970)
The Hartford and Liberty Mutual underwrite older homes more comfortably. Expect carriers to ask about updates to the four major systems — electrical, plumbing, HVAC, roof — with meaningful discounts when each has been replaced within 15 years.
Bundling auto + home
Travelers and Allstate offer the most aggressive multi-policy discounts. Bundling typically nets 12–25% off auto and a smaller home discount.
High-value homes ($1M+ replacement)
Standard mass-market carriers aren’t always the right answer above $1M dwelling. Specialty carriers (Chubb, AIG Private Client, PURE) include features like full replacement cost without sub-limits, cash settlement options, and dedicated risk management.
| Discount | Avg saving | How to qualify |
|---|---|---|
| Multi-policy (bundle auto) | $220 | Add auto at the same carrier |
| New roof (post-2018) | $180 | Roof replacement in last 7 years |
| Monitored alarm system | $120 | Central-station alarm with smoke + burglar |
| Higher deductible ($1K→$2.5K) | $170 | Raise out-of-pocket |
| Claim-free (5+ years) | $110 | No claims at any carrier in last 5 yrs |
| Wind-resistant roof + straps | $95 | Hurricane straps, impact-rated shingles |
| Pay-in-full | $60 | Pay full annual premium up front |
| Affinity / employer | $45 | Costco, AAA, AARP, employer partnerships |
- DiscountMulti-policy (bundle auto)Avg saving$220How to qualifyAdd auto at the same carrier
- DiscountNew roof (post-2018)Avg saving$180How to qualifyRoof replacement in last 7 years
- DiscountMonitored alarm systemAvg saving$120How to qualifyCentral-station alarm with smoke + burglar
- DiscountHigher deductible ($1K→$2.5K)Avg saving$170How to qualifyRaise out-of-pocket
- DiscountClaim-free (5+ years)Avg saving$110How to qualifyNo claims at any carrier in last 5 yrs
- DiscountWind-resistant roof + strapsAvg saving$95How to qualifyHurricane straps, impact-rated shingles
- DiscountPay-in-fullAvg saving$60How to qualifyPay full annual premium up front
- DiscountAffinity / employerAvg saving$45How to qualifyCostco, AAA, AARP, employer partnerships
Stack every discount you qualify for
Our comparison surfaces the full discount stack inline.
Cheapest carrier vs. best-fit carrier
- Lowest absolute monthly cost.
- Pairs well with high deductible for maximum savings.
- Frees budget for umbrella coverage or scheduled property.
- Easy to justify on paper at renewal.
- Cheapest carrier may have separate wind/hail % deductible.
- May not write specialty endorsements (water backup, equipment breakdown).
- Smaller agent network — less hand-holding at claim time.
- In CAT zones, cheapest carriers often pull back first when losses spike.
Cheapest states for homeowners insurance
State medians range from $868/yr (Vermont) to $2,840/yr (Florida). Same dwelling profile — over 3× spread.
| State | Avg monthly: liability only | Avg monthly: full coverage |
|---|---|---|
| Alabama | $45/mo | $132/mo |
| Alaska | $48/mo | $135/mo |
| Arizona | $62/mo | $168/mo |
| Arkansas | $44/mo | $138/mo |
| California | $82/mo | $194/mo |
| Colorado | $62/mo | $176/mo |
| Connecticut | $71/mo | $182/mo |
| Delaware | $75/mo | $188/mo |
| D.C. | $148/mo | $335/mo |
| Florida | $98/mo | $238/mo |
| Georgia | $72/mo | $172/mo |
| Hawaii | $38/mo | $112/mo |
| Idaho | $32/mo | $108/mo |
| Illinois | $48/mo | $148/mo |
| Indiana | $51/mo | $129/mo |
| Iowa | $46/mo | $118/mo |
| Kansas | $49/mo | $152/mo |
| Kentucky | $68/mo | $178/mo |
| Louisiana | $112/mo | $262/mo |
| Maine | $36/mo | $98/mo |
| Maryland | $72/mo | $176/mo |
| Massachusetts | $58/mo | $154/mo |
| Michigan | $88/mo | $214/mo |
| Minnesota | $54/mo | $148/mo |
| Mississippi | $58/mo | $148/mo |
| Missouri | $56/mo | $152/mo |
| Montana | $42/mo | $138/mo |
| Nebraska | $44/mo | $132/mo |
| Nevada | $78/mo | $192/mo |
| New Hampshire | $34/mo | $80/mo |
| New Jersey | $84/mo | $192/mo |
| New Mexico | $56/mo | $148/mo |
| New York | $92/mo | $220/mo |
| North Carolina | $42/mo | $118/mo |
| North Dakota | $38/mo | $118/mo |
| Ohio | $44/mo | $118/mo |
| Oklahoma | $58/mo | $176/mo |
| Oregon | $54/mo | $138/mo |
| Pennsylvania | $58/mo | $148/mo |
| Rhode Island | $72/mo | $192/mo |
| South Carolina | $70/mo | $167/mo |
| South Dakota | $36/mo | $132/mo |
| Tennessee | $48/mo | $138/mo |
| Texas | $76/mo | $181/mo |
| Utah | $58/mo | $148/mo |
| Vermont | $42/mo | $112/mo |
| Virginia | $46/mo | $132/mo |
| Washington | $58/mo | $148/mo |
| West Virginia | $62/mo | $158/mo |
| Wisconsin | $44/mo | $118/mo |
| Wyoming | $42/mo | $148/mo |
Source: Insurances Quote internal data, May 2026. Rates illustrative; individual quotes vary by ZIP, driver record, vehicle, and credit-based insurance score.
Frequently asked questions
Is the cheapest homeowners insurance company safe to use?
Will the cheapest policy pay claims fairly?
How can I lower my home insurance premium without switching?
Are non-standard insurers cheaper for high-risk homes?
Should I file a small home claim?
Sources
- NAIC — Homeowners Insurance Database Report
- A.M. Best Financial Strength Ratings
- Insurance Information Institute — Home Insurance Topics
Methodology
Cheapest-carrier rankings computed from 380K shopper-submitted home-insurance binding quotes through Insurances Quote (Jan 2024 – May 2026), normalized to clean-claim 3BR homes with $420K replacement cost and $1,000 deductible. CAT-zone homes reported separately.
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Advertiser Disclosure
Insurances Quote is an independent insurance marketplace. We are paid by carriers when shoppers switch to a policy we’ve helped match — never by the shopper. We don’t resell your lead data to third-party buyers, and the carrier rankings on this page reflect our composite quality score (35% claims, 30% price, 20% service, 15% digital tools), not paid placement.