Best Home Insurance for New Builds in 2025 (Find the Top 10 Companies Here)
Farmers, Progressive, and Nationwide offer the best home insurance for new builds, with rates starting at $26 per month. Farmers provide strong dwelling and personal property coverage with bundling perks. Progressive offers the lowest rates, and Nationwide stands out for flexible policies and reliable service.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
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UPDATED: Jun 12, 2025
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jun 12, 2025
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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3,071 reviewsFarmers, Progressive, and Nationwide offer the best home insurance for new builds. Farmers is taking the top spot overall for its strong coverage options and bundling discounts.
Our Top 10 Company Picks: Best Home Insurance for New Builds
| Company | Rank | Bundling Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 20% | A | Family Plans | Farmers |
 | #2 | 10% | A+ | Competitive Rates | Progressive |
 | #3 | 20% | A+ | Multi-Policy Savings | Nationwide |
 | #4 | 13% | A++ | Comprehensive Coverage | Travelers |
 | #5 | 17% | B | Financial Strength | State Farm |
 | #6 | 10% | A++ | Military Savings | USAA |
 | #7 | 25% | A | 24/7 Support | Liberty Mutual |
 | #8 | 25% | A++ | Senior Discounts | Geico |
 | #9 | 25% | A+ | UBI Savings | Allstate |
 | #10 | 25% | A | Discount Availability | American Family |
Progressive is a smart choice if you’re focused on affordability, while Nationwide stands out for flexible policy options and reliable service.
If you’re looking to compare home insurance for new construction, this guide highlights how each provider stacks up on coverage levels and discount opportunities. Use it to find the right deal based on your home’s structure, location, and risk factors.
- Farmers is the top pick for new builds, offering coverage from $42 per month
- Best home insurance for new builds includes high dwelling and liability limits
- New builds need tailored policies for structure type, risk zone, and location
Protecting your home doesn’t have to be expensive. Enter your ZIP code into our free tool to find affordable homeowners insurance today.
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New Build Home Insurance Costs by Provider
If you’re weighing your options for home insurance coverage on a newly built home, this breakdown makes it easier to compare what each provider offers at different price points. Progressive is the top pick for affordability, with minimum home insurance coverage starting at just $22 per month and full coverage at $44 per month.
New Builds Home Insurance Monthly Rates by Provider & Coverage Level
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $39 | $86 |
| $52 | $119 |
| $42 | $91 |
| $34 | $76 |
| $51 | $118 |
| $27 | $58 |
| $22 | $44 |
| $32 | $74 |
| $35 | $78 |
| $26 | $59 |
USAA follows closely, offering strong value, especially for military families, making it a solid option when building a home insurance policy from the ground up. For those prioritizing customization or added support, Farmers (at $91) and State Farm (at $74) offer reliable coverage at a slightly higher rate.
Liberty Mutual and American Family are at the high end. Both charge $115 per month for full coverage, which could be worth considering if you’re looking for higher coverage levels or more tailored coverage. If you’re looking for simple coverage, or you decide you want your home insurance policy packed with protection.
Home Insurance Rates for New Builds by Age
When it comes to home insurance coverage for new builds, age plays a bigger role in pricing than most people realize, much like the average car insurance cost by age. For example, 16-year-olds face the steepest home insurance premiums, with Travelers charging $517 per month, followed by Progressive at $467 and Liberty Mutual at $464.
Rates drop steadily with age. At 25, USAA offers the lowest monthly premium at $46, while Liberty Mutual has the highest at $119. By age 45, Geico drops to $43 a month, and USAA lowers to $32 a month. At 60, USAA offers the most affordable rate at $29 per month, while Liberty Mutual remains the most expensive at $91.
Much like the pattern seen in the average car insurance cost by age, the home insurance market rewards experienced, lower-risk age groups with better pricing. If you’re younger and building a home, expect to pay more unless you’re with a company like USAA or Geico.
For older buyers wanting peace of mind and premium coverage, Liberty Mutual and Travelers remain strong, though pricier, choices.
Best Home Insurance Discounts for New Builds
If you’re buying a newly built home and want to make smart choices about buying home insurance, this discount breakdown makes the decision easier. Farmers leads with a 25% claims-free discount, plus 14% for home security and 8% for new home savings—strong incentives if you’re focused on value.
Home Insurance Discounts for New Builds From Top Providers
| Insurance Company | Claims-Free | Green Home | Home Security | New Home | Safety Device |
|---|---|---|---|---|---|
 | 20% | 5% | 10% | 5% | 10% |
 | 22% | 5% | 12% | 6% | 29% |
 | 25% | 5% | 14% | 8% | 10% |
 | 15% | 6% | 8% | 4% | 9% |
 | 20% | 5% | 9% | 5% | 10% |
 | 18% | 7% | 10% | 7% | 10% |
 | 21% | 6% | 11% | 9% | 10% |
| 24% | 5% | 15% | 6% | 17% |
| 16% | 4% | 7% | 4% | 10% |
 | 23% | 6% | 12% | 5% | 11% |
USAA and State Farm also offer standout deals, with 23% and 24% off for claims-free histories and substantial savings on safety devices, including 17% from State Farm and an impressive 29% from American Family. Nationwide tops the list for green home discounts at 7%, while Progressive offers consistent savings across categories, including 9% off just for insuring a newly built property.
If you’re buying home insurance with discounts in mind, steer clear of Travelers, which comes in lower across most categories. Overall, Farmers, USAA, and State Farm provide the best combination of savings for new construction homes, especially if you’re considering high-deductible home insurance to lower premiums.
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Home Insurance Coverage Options for New Builds
If you’re comparing home insurance coverage for new builds, this table shows specific coverage limits across major providers and clearly answers what home insurance covers. USAA and Nationwide offer the highest dwelling coverage at $550,000.
Home Insurance for New Builds Coverage Levels
| Insurance Company | Dwelling | Personal Property | Liability | Loss of Use | Medical Payments |
|---|---|---|---|---|---|
| $500,000 | 50% of Dwelling | $300,000 | 20% of Dwelling | $5,000 |
| $450,000 | 70% of Dwelling | $300,000 | 30% of Dwelling | $5,000 |
| $500,000 | 60% of Dwelling | $300,000 | 20% of Dwelling | $5,000 |
| $400,000 | 60% of Dwelling | $250,000 | 20% of Dwelling | $5,000 |
| $500,000 | 70% of Dwelling | $300,000 | 25% of Dwelling | $5,000 |
| $550,000 | 75% of Dwelling | $300,000 | 25% of Dwelling | $5,000 |
| $475,000 | 70% of Dwelling | $300,000 | 20% of Dwelling | $5,000 |
| $500,000 | 70% of Dwelling | $300,000 | 20% of Dwelling | $5,000 |
| $475,000 | 65% of Dwelling | $300,000 | 25% of Dwelling | $5,000 |
| $550,000 | 75% of Dwelling | $500,000 | 30% of Dwelling | $5,000 |
USAA also leads in liability coverage with $500,000, while Allstate, Farmers, Liberty Mutual, and State Farm offer $300,000. For personal property, USAA, Nationwide, and Liberty Mutual cover 75% or 70% of the dwelling value, compared to Geico’s 60% and Allstate’s 50%.
Farmers stands out for its strong coverage options and great discounts, making it a top choice for new build home insurance.
Daniel Walker Licensed Insurance Agent
In terms of loss of use coverage (coverage for temporary housing if your home becomes unlivable), USAA and American Family offer the highest benefit, at 30% of the dwelling value. Geico provides the lowest overall limits, with $400,000 in dwelling coverage and $250,000 in liability.
All providers include $5,000 in medical payments coverage. For comprehensive protection—including higher limits for structure, belongings, and living expenses—USAA and Nationwide offer the most complete coverage packages for home insurance for new build houses.
How to Buy Home Insurance for New Construction
When buying home insurance for a new build, specific property features directly affect your premium. Newer homes typically cost less to insure, while larger square footage leads to higher premiums. Homes in high-risk areas—such as flood or wildfire zones—come with increased costs.
Home Insurance for New Builds
| Characteristic | Description | Impact on Insurance for New Builds |
|---|---|---|
| Home Age | Years since home was constructed | Lower rates for brand-new homes |
| Size (sq. ft.) | Total interior living area size | Larger size means higher premiums |
| Location | Area, region, and risk zone | High-risk zones increase insurance cost |
| Construction Material | Brick, wood, concrete, or others | Durable materials lower risk |
| Roof Type and Age | Roof material and installation date | New roofs reduce storm damage risk |
| Foundation Type | Slab, crawlspace, or basement base | Some types cost more to insure |
| Energy Efficiency | Smart and eco-friendly features | May qualify for green discounts |
| Security Features | Alarms, cameras, smart locks | Security discounts may apply |
| Fire Protection Class | Fire station and hydrant distance | Better access reduces premium cost |
| Occupancy Type | Owner-occupied or rental property | Rentals cost more to insure |
| Building Code Compliance | Meets latest safety regulations | Stronger compliance lowers risk |
| Flood & Earthquake Risk | FEMA and seismic risk zones | May require separate insurance policies |
Brick or concrete construction reduces risk, and new roofs lower the chance of storm-related damage. Slab foundations tend to be less expensive to insure than crawlspaces or basements. Energy-efficient homes may qualify for green discounts, and security systems like alarms or smart locks can reduce premiums.
Proximity to fire stations lowers rates, while rental properties cost more to insure than owner-occupied homes. Meeting current building codes reduces liability for insurers, and homes in flood or earthquake zones often require separate policies. Understanding these factors can guide you in choosing how much home insurance to buy based on your property’s structure, location, and risk exposure.
10 Best Home Insurance Companies for New Builds
Looking for homeowners’ insurance for a newly built home? We broke down the top 10 companies based on pricing, discounts, coverage options, and support. Whether you value local agents, bundling perks, or military savings, here’s how each provider stacks up, with the pros and cons laid out plainly.
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#1 – Farmers: Top Overall Pick
Pros
- Significant Savings for New Homes: Our Farmers insurance review covers significant discounts for newly built houses.
- Flexible Coverage Options: Farmers lets you tailor dwelling, roof, and equipment coverage to suit your new home’s materials and layout.
- Strong Claims Track Record: Backed by stable financials, Farmers is known for timely payouts on structural and water-related claims.
Cons
- Fewer Local Agents: With limited in-person reps, new homeowners may have to rely more on online or phone support.
- Higher Premiums on New Builds: Farmers often charges more for newly constructed homes compared to low-cost competitors like Progressive.
#2 – Progressive: Best for Competitive Rates
Pros
- Quick and Easy Quotes: Get a fast online quote without the hassle. Check out our comprehensive Progressive insurance review.
- Low Rates for New Homes: Progressive’s average monthly premium for new builds starts around $58, lower than many national insurers.
- Bundling Discounts Up to 20%: Combine home and auto insurance to unlock steep savings, especially for new homeowners.
Cons
- Minimal Agent Support: Most policy services are online, which may be limiting if you prefer in-person guidance for a new build.
- Fewer Structural Customizations: Progressive offers fewer optional add-ons like roof material upgrades or ordinance coverage for new homes.
#3 – Nationwide: Best for Multi-Policy Savings
Pros
- Plenty of Custom Options: Easily adjust your policy to fit your home’s needs. Look into the specifics in our Nationwide Insurance review.
- Tailored Coverage for New Builds: Includes replacement cost, upgraded roof coverage, and protections for modern systems like HVAC and solar.
- New Construction & Bundle Discounts: Save up to 25% by insuring a newly built home and combining with auto or life policies.
Cons
- Above-Average Rates in Some ZIPs: Monthly premiums for new builds can exceed $80 in high-risk or high-cost construction areas.
- Longer Quote Process: Unlike fast-quote platforms, Nationwide may require agent contact and full property details to finalize estimates.
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#4 – Travelers: Best for Comprehensive Coverage
Pros
- Solid Protection for New Homes: Travelers offers reliable coverage for newly constructed houses. Look into the details in our Travelers insurance review.
- Up to 15% Off for New Builds: Travelers offers construction-based discounts for homes built within the last 10 years.
- High Coverage Limits Available: Ideal for new homes with high-end finishes, custom architecture, or solar installations.
Cons
- Slower Online Quotes: Travelers’ digital tools often require follow-up with an agent, delaying instant quote access.
- Pricier Than Online Competitors: Rates for new builds may exceed $90 monthly, especially in areas with high rebuild costs.
#5 – State Farm: Best for Financial Strength
Pros
- Strong Local Agent Network: Easy access to in-person support when needed. Explore more insights in our State Farm insurance review.
- Strong Coverage for New Homes: Includes full dwelling replacement cost, new structure discounts, and coverage for modern systems.
- Up to 17% Bundling Discount: Save when combining homeowners insurance with State Farm auto, especially for new home purchases.
Cons
- Higher Premiums for New Builds: Monthly rates can exceed $95 due to extended replacement and high coverage caps.
- Basic Online Tools Only: Limited digital features mean quoting, policy changes, or claims often require direct agent contact.
#6 – USAA: Best for Military Savings
Pros
- Tailored Coverage for New Construction: Includes full replacement cost, home equipment coverage, and building code upgrades.
- Exclusive Military Discounts: Save up to 30% on new build coverage if you’re active duty, a veteran, or a qualifying family member.
- Reliable Customer Support: Fast claims processing and highly rated service make getting help easy. For more information, see our full USAA insurance review.
Cons
- Military-Only Eligibility: Coverage is restricted to military members, veterans, and their immediate families—no exceptions.
- No Local Agent Network: USAA operates online and by phone only, with no walk-in offices for in-person support.
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#7 – Liberty Mutual: Best for 24/7 Support
Pros
- Strong Coverage for New Builds: Includes replacement cost protection, roof coverage, and options for energy-efficient systems.
- Stackable Discounts Up to 25%: Save with new construction, home security, bundling, and paperless billing perks.
- Convenient Online Tools: You can quickly get quotes, file claims, and manage your policy anytime. For additional information, browse our full Liberty Mutual insurance review.
Cons
- Rates Often Top $90 Monthly: Premiums for newly built homes can run higher than competitors like Progressive or Geico.
- Inconsistent Service Quality: Claims and support reviews vary widely by region and local contractor availability.
#8 – Geico: Best for Senior Discounts
Pros
- Easy Online Quotes: Get a quick quote and manage your policy with a hassle-free online experience. Gain insights in our detailed Geico insurance review.
- Low Rates for New Construction: Geico’s partner policies for new builds start around $60 monthly in many ZIP codes.
- Bundling Saves Up to 20%: Combine Geico auto and home coverage to unlock multi-policy discounts on new homes.
Cons
- Fewer Add-On Options: Limited upgrades for new builds, such as ordinance/law or green home endorsements.
- Claims Handled by Partners: Home policies are serviced by third-party underwriters, which may lead to delays or inconsistent claims support.
#9 – Allstate: Best for UBI Savings
Pros
- Solid Coverage for New Homes: Allstate offers reliable protection for brand-new houses. Read through our detailed Allstate insurance review.
- Up to 25% Off for New Builds: Save with new construction, smart home tech, and auto-home bundling discounts.
- Streamlined Digital Claims: Allstate’s app and 24/7 support make it easy to track and resolve property damage claims.
Cons
- Premiums Can Exceed $100 Monthly: New build policies may cost more than Geico or Progressive in some regions.
- Inconsistent Claim Experiences: Homeowners report varying claim satisfaction depending on adjusters and local agents.
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#10 – American Family: Best for Discount Availability
Pros
- Made for New Builds: Flexible coverage options help protect your home immediately. For further details, see our in-depth American Family insurance review.
- Loyalty Discounts Grow Over Time: Long-term new build homeowners can earn lower rates through AmFam’s diminishing deductible and renewal rewards.
- Quick, Digital Claims Handling: Mobile app and 24/7 claims line help resolve common new home issues like water or roof damage fast.
Cons
- Fewer Perks for New Customers: First-time policyholders may miss out on early discounts available with other insurers like Liberty Mutual.
- Premiums Fluctuate by ZIP Code: Rates for new builds can rise above $90 monthly in areas with high rebuild costs or storm exposure.
Find the Best Home Insurance for New Builds
Choosing the best insurance companies for new builds depends on your coverage needs and budget. Farmers offers strong coverage with solid discounts. Progressive stands out for the lowest starting rates, and Nationwide provides flexible policy options.
For new builds, bundling home and auto insurance with top-rated companies like Farmers can cut costs by up to 25% while boosting coverage across both policies.
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USAA is a top choice for military families, and State Farm delivers reliable service with bundling savings. Each company’s strengths are clear—compare coverage limits, monthly costs, and available discounts to find the right fit. The best insurance for new builds combines value, protection, and transparency so you can insure your property with confidence.
Find the best home insurance company near you by entering your ZIP code into our free quote tool.
Frequently Asked Questions
Do I need new build home insurance before the completion of the property?
Yes, if you’re building a home, you’ll need insurance before completion. Most lenders require builder’s risk insurance during construction, which transitions into full home insurance once the home is move-in ready.
What’s the difference between building and contents insurance for new builds?
Building insurance covers the structure itself—walls, roof, floors, etc.—while contents insurance protects belongings inside the home. For new builds, combining both into one policy gives you complete protection once construction is complete.
If you’re looking to protect your most valuable asset with home insurance, compare rates now with our free quote tool.
What is new home construction insurance, and when do I need it?
New home construction insurance—also known as builder’s risk or dwelling under construction coverage—protects your property during the building phase. You’ll need it before move-in to cover risks like fire, theft, or storm damage to materials and the structure while it’s still being built, especially in high-risk states for wildfires.
Does home insurance on newly built properties cover appliances and HVAC systems?
Yes, most home insurance on new builds covers built-in appliances, HVAC systems, and plumbing if damaged by a covered event. For extended protection, you may want to add equipment breakdown coverage.
Can I bundle home insurance for new homes with auto insurance for a discount?
Absolutely. Many insurers, including Farmers, Geico, and Liberty Mutual, offer multi-policy discounts of up to 25% when you bundle home insurance for new homes with your auto coverage.
Is home insurance cheaper on new construction homes compared to older properties?
Yes, homeowners insurance is typically cheaper for new construction. On average, rates can be 20%–30% lower because new homes have up-to-date wiring, plumbing, and roofing, which reduces risk and claim likelihood for insurers, making them appealing to home insurance companies for first-time buyers.
What kind of new construction insurance is needed for self-build projects?
If you’re managing the build yourself, you’ll need self-build home insurance, which includes the builder’s risk, liability, and public liability coverage. Some policies may also include coverage for tools and on-site materials.
How much coverage should I get for home insurance for new construction?
Your coverage should match the structure’s replacement cost (not market value). For example, a 2,000-square-foot new construction home may need $250,000–$400,000 in dwelling coverage, depending on materials and location.
What does home insurance for new construction cover after move-in?
Home insurance for new construction typically includes dwelling coverage, personal property, liability, and loss of use. These types of home insurance coverage protect against damage from fires, storms, theft, and other covered events, starting once the builder’s risk policy ends.
What features help reduce the cost of home insurance for new homes?
Insurance for new homes is often cheaper when they include fire sprinklers, smart home monitoring, security systems, wind-resistant roofing, and up-to-date wiring—all of which lower risk and qualify for discounts.
What’s the best homeowners insurance for new construction in terms of customization?
Nationwide is highly rated for customizable new construction homeowners insurance. It lets you adjust coverage levels, add ordinance or law protection, and bundle policies for up to 20% in savings.
What is the cheapest building insurance for a newly constructed home?
Based on recent data, Progressive offers the cheapest homeowners insurance for new construction, starting as low as $22 per month for minimum coverage. It also includes discounts for new homes and bundled policies, making it a strong option for budget-conscious buyers.
Is new construction homeowners insurance required by lenders before moving in?
Yes, most mortgage lenders require proof of homeowners insurance before closing on a new build. If the home isn’t completed, they may also ask for builder’s risk insurance until the structure is fully livable.
What should I look for in a home insurance building policy for new construction?
For a new build, look for a home insurance building policy with extended dwelling replacement, ordinance or law coverage, water backup protection, and high enough limits to reflect construction costs in your ZIP code.
Make sure your home is protected by entering your ZIP code into our home insurance comparison tool today.
How do I get a homeowners insurance quote for new construction?
You can get a homeowners insurance quote for new construction by providing details like the home’s square footage, materials, address, estimated value, and expected move-in date. Most top insurers offer fast online quote tools for new builds.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
