Homesite home insurance review: Cheap rates & robust coverage
Homesite home insurance comes with affordable rates that are 25% lower than the national average and 15 policy add-ons to ensure your home is fully protected.
By
Jennifer GimbelJennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.
Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
4.3
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
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Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
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The bottom line
Homesite home insurance policies are a great idea if cost is top of mind for you. Its average rates are 25% cheaper than the national average, plus it offers nine discount opportunities to lower your rates even more.
Even better? You won’t have to sacrifice on coverage to take advantage of Homesite’s affordable rates. It offers 15 valuable policy add-ons for extra protection, including extended replacement cost coverage for your home, increased limits for your personal belongings, flood and earthquake protection, and more. And homeowners in parts of the country at high risk of wildfire damage will appreciate Homesite’s complimentary wildfire protection and mitigation service.
The one downside? Homesite scores below average in J.D. Power’s 2022 home insurance claims satisfaction study.
Affordable rates nearly 25% cheaper than the national average
15 policy add-ons for extra protection, including extended replacement cost coverage
Offers flood and earthquake insurance, plus complimentary wildfire protection and mitigation services
Cons
Low score in J.D. Power’s claims satisfaction study
Basic coverages offered
Homesite home insurance policies include these six standard coverages to protect your home, belongings, and personal liability:
Dwelling coverage: Pays to repair or rebuild the structure of your home after a covered loss.
Other structures coverage: Pays to repair or rebuild other structures on your property not connected to your home, including detached garages, storage sheds, and fencing.
Personal property coverage: Pays to repair or replace your personal belongings after a covered loss, including furniture, clothing, tech gadgets, and other stuff you own.
Loss of use coverage: Pays for hotel stays, restaurant bills, pet boarding fees, and other temporary living expenses after a covered loss if you need to live elsewhere while your home is being rebuilt.
Personal liability coverage: Pays for legal and medical expenses if someone is injured or their belongings are damaged while at your home and you’re found legally responsible.
Medical payments coverage: Pays for small-dollar medical bills if someone is injured while at your home — regardless of who is at fault.
Additional coverages offered
The following coverages are either included or can be added to your Homesite homeowners insurance policy for an additional cost:
Extended replacement cost for your home: Extends your dwelling coverage limit either 25% or 50% in the event rebuild costs exceed your policy limit after a covered loss.
Replacement cost for personal property: Pays to replace your personal belongings with new items, regardless of depreciation or wear and tear.
Additional belongings: Covers your personal property against damage not typically covered by a standard home insurance policy, like water damage to your smartphone or damage to your computer from everyday mishaps.
Water backup: Protects your home and belongings from water backup damage caused by a sump pump overflowing or clogged sewer.
Equipment breakdown: Pays for home equipment repairs to your refrigerator, washing machine, and other appliances due to mechanical or electrical breakdown.
Personal injury: Expands liability coverage to include personal injury to others, such as slander, libel, wrongful eviction, or false arrest.
Identity theft: If your identity is stolen, Homesite will help cover the cost of legal fees, lost wages, and other expenses you incur during the recovery process.
Debris removal: Covers the cost to remove debris after a disaster.
Food spoilage: Reimburses you for spoiled food if your refrigerator or freezer stops working due to a power outage.
Flood insurance: Homesite offers flood coverage through the National Flood Insurance Program (NFIP), a government program run by the Federal Emergency Management Agency (FEMA).
Earthquake coverage: This policy add-on covers your home and belongings against earthquake damage.
Wildfire defense service: Complimentary wildfire protection and mitigation services available to homeowners in Arizona, California, Colorado, Nevada, Oregon, and Washington at high risk of wildfire damage.
Condo insurance: Purchased as a supplement to your condo association’s master policy, condo insurance covers your personal belongings, the interior structure of your condo unit, and personal liability.
Renters insurance: Includes coverage for the personal belongings in your rental home or apartment against fire, vandalism, theft, windstorms, and water damage, as well as personal liability and loss of use coverage.
Ratings methodology
Price
4.6/5
Homesite earns its highest score on our price rating scale thanks to its average annual home insurance rate that’s around 25% cheaper than the national average. It also offers nine discount opportunities to save even more on your premiums.
Customer experience
3.5/5
Homesite earns a decent score on our customer experience rating scale. While it earned a top 10 spot in J.D. Power’s 2022 digital experience study, it scored below average in its claims satisfaction survey. But Homesite as a whole garnered 60% fewer complaints on average in 2021 compared to similar-sized insurers, according to the National Association of Insurance Commissioners (NAIC) Complaint Index Report.
Coverage options
4.1/5
Homesite does well on our coverage options rating scale thanks to the slew of valuable coverages you can add on to your policy, including extended replacement cost coverage for your home, replacement value coverage for your personal belongings, and water backup coverage. It also offers flood and earthquake insurance, as well as complimentary wildfire protection and mitigation services to homeowners in select states at high risk of wildfire damage.
Financial strength
3.5/5
Homesite scores middle of the pack on our financial strength rating scale based on its parent company American Family’s ratings. While American Family earns an excellent A rating with AM Best — the nation’s leading insurance rating agency — it earns an average A rating with Standard & Poor’s and A1 rating with Moody’s. These scores judge a company’s financial stability and ability to pay out claims in the wake of a natural disaster.
How much does Homesite home insurance cost?
The average cost of home insurance with Homesite is $1,487 per year for $300,000 in dwelling coverage — that’s 24% lower than the national average.
This is based on our analysis of 2022 sample home insurance quotes from across the country provided by Quadrant Information Services. Keep in mind your actual rates will vary based on where you live, your coverages and policy limits, your home’s claims history, and other factors.
Compare home insurance quotes with top insurers in minutes
What home insurance discounts does Homesite offer?
You can save on the cost of Homesite home insurance if you qualify for any of these discounts:
New home purchase: If you’re insuring a home you recently purchased.
Moving in: If you switch from a Homesite renters or condo insurance policy to a homeowners insurance policy.
Retired occupant: If you’re above a certain age or retired.
Fire protection system: If you have a central monitored or direct line fire alarm or sprinklers in every room of your home.
Burglar alarms: If you have a central monitored or direct line burglar alarm or security system.
Age of roof: If your roof is less than 10 years old or you purchase a new roof.
Age of home: If your home is under a certain number of years old.
Endorsement package: If you opt for one of Homesites two endorsement package options.
Homesite home insurance state availability
Homesite offers home insurance policies in all 50 states and Washington, D.C.
What to expect with Homesite home insurance
How to get a quote: You can get a Homesite home insurance quote online by visiting Homesite’s website or by calling 800-466-3748.
Customer service options: You can get in touch with a Homesite customer service rep by calling 800-466-3748, emailing customerservice@homesite.com, or logging in to your Homesite online account.
How to file a claim: You can file a Homesite home insurance claim by logging in to your online account or calling 866-621-4823.
How to cancel your policy: You can cancel your Homesite home insurance policy by writing to the company and letting them know the date the cancellation is to take effect. We recommend calling customer service beforehand at 800-466-3748 to ask what details you need to include in your letter to speed up the process.
Homesite vs. other home insurance companies
Compare Homesite insurance to other popular insurers in the industry:
As an insurance marketplace, Progressive offers home insurance through its partner insurance companies — including Homesite.
What is the Homesite home insurance phone number?
The Homesite home insurance phone number is 800-466-3748.
Is Homesite the same as Geico?
Homesite and Geico are two different insurance companies. However, Homesite is one of Geico’s partner home insurance companies that underwrites its policies. This means if you apply for a Geico home insurance policy, you may be placed with Homesite for your home insurance coverage needs.
Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
Ian Bloom, CFP®, RLP®, is a certified financial planner and a member of the Financial Review Council at Policygenius. Previously, he was a financial advisor at MetLife and MassMutual.
