What insurance company should I use for my homeowners policy?

I'm currently insured with State Farm for my car insurance. I also got quotes from Progressive and GEICO. What company is best? Should I bundle my homeowners policy with State Farm or switch companies entirely?

“There are so many options to choose from these days, so the best way to whittle them down is by figuring out what coverage you require.
The most common homeowners policies are HO-2 and HO-3.
HO-2 policies insure on a named perils basis. This means that your insurance will only cover damage from 16 named perils. Anything else is excluded. The covered named perils are:
  • Lightning
  • Fire
  • Wind
  • Hail
  • Explosion
  • Riot or civil commotion
  • Aircraft
  • Vehicles
  • Smoke
  • Volcanic Eruption
  • Theft
  • Vandalism
  • Falling objects
  • Weight of ice, snow, or sleet
  • Accidental discharge of water or steam
  • Accidental tearing, burning, cracking, or bulging of HVAC
  • Freezing
  • Damage from artificially generated electrical current
An HO-3 policy is on an open perils basis. This means it covers anything unless it is specifically excluded. Common exclusions are:
  • Flood
  • Water damage
  • Earthquake or earth movement
  • Collapse
  • Mold, fungus, or wet rot
Typically it’s recommended to get an HO-3 policy as it covers more and provides better protection for your home.
Once you decide what type of coverage or homeowners policy you would like, you can start thinking about the company.
If you currently have car insurance with State Farm and are happy, you should get a quote from them for home insurance. By bundling your policy with your car insurance, you’ll likely get a discount on both.
Since you already got quotes from Progressive and GEICO, you should compare the coverages and cost with all three companies on the Jerry app. Sign up in minutes to make the process quick, easy, and convenient.”
Emily Maracle
Answered on Sep 09, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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