Here are some of the most affordable homeowners insurance options in the U.S., based on industry reviews and average state-level rates:
🏠 Cheapest Insurance Companies
Based on 2025 insights from Quote.com:
- Auto‑Owners Insurance – Cheapest overall, around $117/month. A++ rating, low complaints, excellent bundling options (quote.com).
- USAA – ~$126/month, but exclusive to military members and families (quote.com).
- Progressive – ~$151/month, strong rates especially for new homes (quote.com).
- State Farm, Erie, Allstate, Travelers, Nationwide, Liberty Mutual, Farmers also rank among the next cheapest (quote.com).
🌎 Cheapest by State (Annual Premium)
| State | Avg Cost (per year) |
|---|---|
| Hawaii | ~$613 (lowest nationwide) (insurance.com) |
| New Hampshire | ~$1,221 |
| Vermont | ~$1,263 |
| Delaware | ~$1,384 |
| Maine | ~$1,391 |
On the flip side, states like Oklahoma, Kansas, Nebraska, Florida, and Colorado see much higher averages—often $3,000–$6,000/year (lendingtree.com).
🌐 Nationwide Averages & Insights
- National average: $176–$179/month (~$2,110/year) (nerdwallet.com).
- AIG 600-foot report: Rates vary widely—Hawaii lowest ($370–$613/year), Oklahoma highest (~$3,119–$6,210/year) .
✅ Tips to Get the Cheapest Rate
- Shop around—quotes vary widely across companies.
- Bundle home + auto—Auto-Owners, State Farm, Progressive, Allstate often offer 10–25% discounts (quote.com).
- Buy a newer home—Progressive offers lowest premiums for newer builds (forbes.com).
- Raise your deductible—spreading risk lowers premiums.
- Consider regional players—Erie and Shelter are strong in specific states (en.wikipedia.org).
- Watch climate risks—hold higher premiums in tornado/hurricane/fire zones (lemonade.com).
🧭 What You Should Do Next
- Identify your state’s average cost, using values above as benchmarks.
- Request quotes from top affordable insurers:
- Auto-Owners (widely available with strong rates)
- Progressive (especially for new homes)
- USAA (if eligible)
- Others: State Farm, Erie, Lemonade, Kin (see Reddit mention)
- Compare discounts and coverage details, not just price.
- Factor in company ratings—check A.M. Best, BBB, J.D. Power for reliability.
Let me know your state or home details, and I can help find tailored quotes or compare coverages for your best value!
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