How much homeowners insurance coverage do you need?

You need enough dwelling coverage to rebuild the structure of your home in case of a covered loss. This amount is different than your home's fair market value or the price you might see on a real estate website. To determine the rebuild price, our network of homeowners insurers may look at factors like your home's square footage, roof age, and construction costs in your area. You also need enough personal property coverage to protect all your belongings against theft, damage, and loss. If you're unsure how much coverage you need for your belongings, our personal property calculator makes it easy to itemize your belongings and estimate their value. Your personal liability coverage limit should be enough to cover your net worth. Calculate your net worth by adding up your assets, including bank and brokerage accounts and property equity, and subtracting your debt.

Is homeowners insurance required by law?

Homeowners insurance isn't legally required, but your mortgage lender will likely require a policy. Even if your home is paid off, homeowners insurance can help protect what may be your most valuable asset.

What isn't covered by homeowners insurance?

While exclusions may vary by state, standard homeowners insurance policies typically exclude coverage for: Flooding (depending on your area, a separate flood insurance policy may be available to purchase) Earthquakes, landslides, and mudflows Wear and tear or poor maintenance Pests, such as termites, rodents, and insects Certain dog breeds Sewer or drain back-ups (water back-up and sump pump overflow coverage can be added as an endorsement to your homeowners policy)

Does homeowners insurance cover a rental property?

If you rent out a house to tenants or if your rental property is unoccupied, a dwelling fire policy can cover your rental home. Dwelling fire policies, designed for landlords, may also cover damage to other structures on the property, vandalism, and loss of rent if your tenant is unable to live in the home due to a covered loss, plus liability.

How can you lower your homeowners insurance premium?

There are many ways to lower your rate for homeowners insurance, such as taking advantage of discounts, increasing your homeowners insurance deductible, and adjusting your coverage limits. Find out more about getting cheap homeowners insurance.

How often should you review your homeowners insurance policy?

Review your homeowners insurance policy at least once a year, anytime you complete a major renovation (such as a new roof), and when you make a major purchase. This helps align your coverages and limits with the cost to repair or rebuild your home and replace your belongings.

How do you file a homeowners insurance claim with Progressive?

You can file a homeowners insurance claim online, through the Progressive app, or by calling 1-866-749-7436. A claims representative will help guide you through the process.

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What is homeowners insurance?

Homeowners insurance protects against damage to your home and belongings. It also may safeguard your assets if you're liable for injuries or damages.

When something goes wrong, a policy through Progressive can make things right with personalized protection for you and your property. From repairing a hail-damaged roof to covering groceries and a hotel stay if you're displaced, homeowners insurance helps you handle the unexpected.

What do you need to get a homeowners insurance quote?

All you need to quote homeowners insurance online is:

The property's address
The roof's age and type
Some basic information about the home

The right amount of coverage is different for every homeowner, but finding your best fit is easy with Progressive. Compare homeowners insurance quotes and coverages from multiple providers with our HomeQuote Explorer® tool.

What does homeowners insurance cover?

Standard homeowners policies contain coverage for your home's structure, other structures on your property, belongings, liability, and loss of use.

Coverage	Example
A: Dwelling May pay to repair or rebuild your home's structure due to damage from a covered peril	A windstorm tears off dozens of your roof's shingles. Dwelling coverage may help pay to repair the damage.
B: Other structures May cover detached structures on your property, like a garage, shed, fence, or gazebo	A tree falls through your unattached garage during a storm. Other structures coverage may help pay to rebuild your garage.
C: Personal property May help cover your belongings if they're stolen or damaged by a covered peril	Someone breaks into your home and steals your laptop, TV, and jewelry. Personal property coverage may pay to help replace the items.
D: Personal liability May help protect your assets if you're responsible for someone else's injuries or property damage	A delivery worker slips on your icy driveway and is injured. Personal liability coverage may pay their medical bills and lost wages.
E: Loss of use May pay additional living expenses if you can't stay in your home while it's being repaired after a covered loss	A kitchen fire makes your home temporarily unlivable. Loss of use coverage may help pay for a hotel stay and groceries, above what you normally spend, while the repairs are made.

See all homeowners insurance coverages

What are ways to save on your homeowners insurance policy?

Affordable!

Bundle & save
New customers who bundle home and auto save over $1,000 on average.^# Plus, get a multi-policy discount when you bundle homeowners insurance with your RV, boat, or motorcycle.^†
Quote in advance^†

Lower your rate by quoting at least 10 days in advance of your policy start date.
Alarm systems and safety devices

Earn a possible discount for having a burglar alarm, fire alarm, security system, or camera in your home.

See all homeowners insurance discounts

What is the average cost of homeowners insurance?

The average cost of homeowners insurance for a 12-month policy from the insurers in Progressive's network ranges from $1,207.03 ($100.59/month) to $3,517.98 ($293.17/month) for policies effective on or after January 1, 2025.^‡

How is the cost of a homeowners insurance policy determined?

Your price for a homeowners insurance policy depends on several factors, including your location, roof type, dwelling replacement cost, prior claims, and coverage selection.

How much is homeowners insurance in your state?

Where you live — and the weather that comes with it — can affect your homeowners insurance rate. A home on a hurricane-prone coastline or in a dry, densely forested wildfire zone may cost more to insure than a similar home in a lower-risk area.

Why choose Progressive for homeowners insurance?

Savings

Homeowners who switch to Progressive and bundle with auto save over 1,000 on average.^#

Build a bundle
Ease

Our HomeQuote Explorer® tool lets you compare rates and coverages with ease in our network of trusted insurers.

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Confidence

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Helpful homeowners insurance tools from Progressive

These resources can help you navigate coverage limits, claims, and terminology.

Estimate coverage limits

Quickly gauge the amount of coverage you need with our homeowners insurance calculator.
Understand the claims process

Learn the details for filing a homeowners insurance claim.
Speak insurance fluently

See definitions for all the common terms with our homeowners insurance glossary.

Common questions about homeowners insurance

Check out these frequently asked homeowners insurance questions, and explore our homeowners insurance FAQ page for even more information.

You need enough dwelling coverage to rebuild the structure of your home in case of a covered loss. This amount is different than your home's fair market value or the price you might see on a real estate website. To determine the rebuild price, our network of homeowners insurers may look at factors like your home's square footage, roof age, and construction costs in your area.
You also need enough personal property coverage to protect all your belongings against theft, damage, and loss. If you're unsure how much coverage you need for your belongings, our personal property calculator makes it easy to itemize your belongings and estimate their value.
Your personal liability coverage limit should be enough to cover your net worth. Calculate your net worth by adding up your assets, including bank and brokerage accounts and property equity, and subtracting your debt.
Get additional information about how much homeowners insurance you need.
While exclusions may vary by state, standard homeowners insurance policies typically exclude coverage for:
- Flooding (depending on your area, a separate flood insurance policy may be available to purchase)
- Earthquakes, landslides, and mudflows
- Wear and tear or poor maintenance
- Pests, such as termites, rodents, and insects
- Certain dog breeds
- Sewer or drain back-ups (water back-up and sump pump overflow coverage can be added as an endorsement to your homeowners policy)