Top 12 Home Insurance Companies of 2021

12. Farmers’ insurance

US News & World Report ranking: 3.4 out of 5

Best AM rating: A

(Credit: Farmers’ insurance)

12. Progressive insurance

US News & World Report ranking: 3.4 out of 5

Best AM rating: A +

(Credit: Ken Wolter / Shutterstock.com)

10. Chubb

US News & World Report ranking: 3.4 out of 5

Best AM rating: A ++

(Credit: Chubb)

9. Mutual freedom

US News & World Report ranking: 3.5 out of 5

Best AM rating: A

(Credit: Liberty Mutual)

8. Erie Insurance

US News & World Report ranking: 3.6 out of 5

Best AM rating: A +

(Credit: Erie Insurance)

7. American family

US News & World Report ranking: 3.7 out of 5

Best AM rating: A

(Credit: American Family)

6. Nationally

US News & World Report ranking: 3.7 out of 5

Best AM rating: A +

(Credit: Susan Montgomery / Shutterstock.com)

5. State farm

US News & World Report ranking: 3.8 out of 5

Best AM rating: A ++

(Credit: Diego M. Radzinschi / ALM)

4. Allstate

US News & World Report ranking: 3.8 out of 5

Best AM rating: A

(Credit: IgorGolovniov / Shutterstock.com)

3. Amica

US News & World Report ranking: 4.2 out of 5

Best AM rating: A +

(Credit: Amica)

2. USAA

US News & World Report ranking: 4.3 out of 5

Best AM rating: A

(Credit: USAA)

1. Lemonade

US News & World Report ranking: 4.7 out of 5

Best AM rating: N / A

(Credit: Lemonade)

In the third quarter of 2021, personal insurance rates in the United States increased an average of 6.6%, according to MarketScout, with home insurance rates increasing by about 4%.

The average cost of home insurance in the United States is $ 1,312 per year for a policy with $ 250,000 in residential coverage, Bankrate.com reported.

More aggressive home insurance rates are common for the quarter, according to Richard Kerr, CEO of MarketScout, who explained this is because insurers are typically starting to see losses from wildfire claims. during the period.

“The national average rate increases for homeowners aren’t horrible; however, for those who have homes in California and Florida, the rates can go up to 25%, ”Kerr said in a statement. “California homes valued at $ 20 million and above at risk of wildfires may not even be able to provide full coverage. 40% rate increases are not unusual.

The above slideshow highlights the top-ranked home insurance companies in 2021, according to US News & World Report.

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