The 4 highest-risk homeowners insurance companies.

Protecting one of your largest assets is facilitated by homeowners insurance, which is typically mandatory if you have a mortgage.

Some homes are more difficult to insure due to factors such as age, condition, and occupation, while personal factors like credit score and claims history can also impact the risk assessment.

Although you may have been rejected or dropped by homeowners insurance in the past, it is still possible to obtain coverage in the future. CNBC Select has compiled a list of the best high-risk homeowners insurance companies to consider. (For more information on our methodology, please refer to our article.)

Compare offers to find the best homeowners insurance

Best for discounts

Allstate provides coverage in all 50 states and offers several discounts to help policies fit your budget, including discounts for recent homebuyers and getting a policy at least seven days before your current policy expires. In Florida, installing windstorm mitigation features on your home can also help you qualify for a discount.

By bundling their homeowners and auto insurance policies, policyholders can save up to 25% and receive a welcome discount at enrollment. Additionally, Claim RateGuard ensures that policyholders' premiums won't increase for filing a claim (applies to one claim every five years).

Best for vacant homes

American Family is one of the few homeowners insurance companies that offers coverage for vacant homes, which are considered higher risk due to the lack of occupancy to prevent or report damage. Vacant home insurance can provide coverage if you're waiting for your home to sell or renovating a property you're not currently residing in.

American Family's homeowners insurance includes 16 additional features, such as credit monitoring, identity protection, and coverage for appliances and flash flooding.

Best for low credit scores

Who does Foremost work with? Foremost works with all types of homes and homeowners, including those previously rejected coverage or non-renewed. It covers both newer and older homes and will even consider homes with some minor cosmetic conditions. Foremost also offers coverage for vacant homes, condos and mobile homes in addition to flood insurance.

Foremost prioritizes individuals with low credit scores, older homes, or vacant properties when providing coverage.

Best for high-value or historic homes

For those who own high-value homes, whether in the mountains or the city, AIG Private Client Group may be a suitable option. AIG provides customized coverage that includes services such as architectural consultations and security assessments.

AIG's insurance policies provide coverage for homes constructed prior to 1945, making them a suitable option for properties with high value and historical significance. Additionally, these policies offer reimbursement for engaging historic preservation consultants following a covered loss and coverage for delicate items.

More on our top high-risk homeowners insurance companies

Allstate

For over a century, Allstate has been recognized for its exceptional customer service, financial stability, and competitive pricing. Besides homeowners insurance, the company provides auto, condo, and motorcycle insurance, among other products.

J.D. Power Home Insurance Study rating

809 out of 1,000

A.M. Best score

A+

American Family

For over 90 years, American Family, or AmFam, has been providing insurance services beyond just homeowners insurance, including auto, life, and umbrella insurance.

J.D. Power Home Insurance Study rating

813 out of 1,000

A.M. Best score

A+

Foremost

For 65 years, Foremost has been a reputable part of the Farmers Insurance Group, providing coverage in all 50 states and Washington D.C. They offer traditional auto and homeowners policies as well as specialty coverages for various types of vehicles and properties.

J.D. Power Home Insurance Study rating

Not rated

A.M. Best score

A

AIG Private Client Group

AIG is a well-known player in the insurance industry, offering its Private Client Select service to high net-worth individuals for coverage of their homes, collections, excess liability, cars, yachts, and horses. Unfortunately, standalone policies are not available.

J.D. Power Home Insurance Study rating

831 out of 1,000

A.M. Best score

A

Bottom line

Obtaining homeowners insurance is crucial, but it can be more challenging for homeowners with older homes, swimming pools, or low credit scores. Nevertheless, several insurance companies offer coverage for high-risk homes. Since different companies assess risk factors differently, it's essential to compare quotes from multiple high-risk homeowners insurance providers.

Why trust CNBC Select?

Our goal at CNBC Select is to deliver top-notch service journalism and in-depth consumer advice to our readers, enabling them to make well-informed decisions when it comes to their finances. Each renters insurance review we publish is the result of thorough reporting by our team of expert writers and editors, who possess extensive knowledge of insurance products. At CNBC Select, we take pride in our commitment to journalistic standards and ethics, and we earn a commission from affiliate partners on many offers and links. However, our content is created independently by our team without any input from our commercial team or external third parties. To learn more about our methodology for selecting the best high-risk homeowners insurance companies, please refer to our website.

Our methodology

CNBC Select compared numerous homeowners insurance companies that specialize in high-risk homes and determined the best options.

To determine the best high-risk homeowners insurance companies, we analyzed an average premium for high-risk situations based on data from Policygenius. We also considered factors such as J.D. Power's 2023 Home Insurance Study's Overall Customer Satisfaction Ranking, A.M. Best ratings, the number of discounts available, and the number of states the insurance is available in.

Homeowners insurance companies offer varying premiums and policy structures that may change over time.

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