Forbes Advisor recently reviewed and ranked home insurers based on rates, complaints, coverage options and other factors. Details the editors considered included:
  • Home insurance rates (50% of score): This was based on average rates for homes with dwelling coverage of $200,000, $350,000, $500,00 and $750,000.
  • Complaints (20% of score): The team looked at complaints against the insurer that were upheld by state insurance departments.
  • Extended and/or guaranteed replacement cost coverage (20% of score): Home insurers received extra points if they offered extra dwelling coverage, an important feature in the event of a large disaster.
  • Banned dog lists (10% of score): Banned dog breed lists can cause homeowners to be ineligible for coverage.
Forbes Advisor also found the average cost for a home insurance policy in the United States is $1,678 per year for $350,000 dwelling coverage. However, costs depend on a number of different factors and vary based on location, amount of coverage, deductible, age of home and more. The slideshow above illustrates Forbes Advisor's top picks for home insurers in 2024. See also: 

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