Hippo Homeowners Insurance Review

Meet Hippo. Your next homeowners insurance provider. Read our hippo homeowners insurance review below.

Does Hippo Offer Homeowners Insurance

Operating in twenty-nine out of fifty states Hippo is one of the largest insurance providers in the country. Despite not having physical branches, they have offered various kinds of insurance plans since their launch in 2015, keeping their prices affordable for all of their customers has always been their number one priority and this has earned them a satisfaction rating of 4.9 out of 5 from their customers. But does Hippo offer Homeowners insurance? Yes! Hippo home insurance plans are modern and inexpensive insurance coverage plans that could save you a lot of money in the long run. Each policy can be adapted to suit your needs but even their basic coverage plans are extensive enough to give you the protection you need. Your policy is secure with Hippo. They work with top-rated exclusive insurance partners so your money is safe in the unlikely event of bankruptcy. They have recently been rated as ‘A- Excellent’ by A.M. Best, which is the gold standard of the insurance industry. Keep reading to find out if a Hippo Homeowners insurance policy is right for you.
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Hippo Homeowners Insurance Review and Costs

Hippo is a reliable company dedicated to giving you the best rate on your homeowner’s insurance premium. So if you’re looking to save money on your homeowners insurance, Hippo might be a good option for you. The company claims that new customers can save up to 25% by switching to Hippo. A home insurance policy can be yours for as little as $12 per month, making Hippo’s home insurance cost one of the lowest in the country on average. But that doesn’t mean everyone insured with Hippo will get that rate. Like all providers, Hippo must take into account the cost of rebuilding your home in the event of an incident when calculating your quote. Those who live in high-crime areas or areas of the country that are prone to flooding will have higher premiums because of this. However, there are steps you can take to reduce your quoted Hippo Homeowners insurance cost, including installing interior sprinklers, smoke alarms, or a home security system. Hippos BBB Rating is A+ proving that they are dedicated to giving you the best service at the best price.
Hippo Homeowners Insurance High-Level ReviewBy the Numbers
BBB rating for Hippo Homeowners InsuranceA+
Hippo Renters Insurance JD Power RatingN/A
Avg. Cost for Hippo Homeowners Insurance Yearly$1,404.00
Avg. Cost for Hippo Homeowners Insurance Per Month$117.00

Hippo Howeowners Insurance Coverage

Every homeowner’s insurance policy from Hippo includes basic coverage, including personal property, personal belongings, and liability insurance. If this is not enough for you, don’t worry. Hippo also provides add-on coverage for an additional fee. This can be used to give you coverage for Home Office equipment, coverage for appliances should they break down, service line coverage to repair damage to water or sewer lines connecting you to the street, and coverage for legal ordinance changes. Home rebuilding is also covered through Hippos Enhanced Rebuilding Coverage policy which gives you a 25% increase in home coverage to rebuild your home, in case of labor or material pricing surges after a catastrophic event. This coverage is ideal for you if you are living in a high-risk area prone to natural disasters. Earthquake and flood coverage is also available through one of Hippos partner companies. Hippo also gives every new policyholder a two-sensor smart home monitoring system. This automatically qualifies you for a discount on their policies saving you money before you sign up.
Keeping your home safe is important, and depending on where you live your home could be at risk of flood damage which could leave you out of pocket. So when looking for your homeowners insurance ask your provider about cover for flood damage. Hippo offers coverage for flood damage for their homeowner insurance policy owners through their partners Neptune Flood and the National Flood Program who help to reduce the socioeconomic impact of floods. Despite being from another provider you can still add this to your portfolio and track your coverage options in your account center making it quick and easy to manage comprehensive coverage for your property. However, the same cannot be said for coverage regarding mold as standard homeowner’s policies only cover mold damage under certain circumstances. You will be covered if the mold in your home is a result of a covered peril — like water damage. But if the mold is caused by flood damage this is not usually covered by homeowners insurance. Therefore it is very important to purchase a flood insurance policy if you live in a high-risk area prone to flooding

How Much is Hippo Homeowners Insurance Near You

The average cost of homeowners insurance in the USA is approximately $1445 per year according to the National Association of Insurance Commissioners (NAIC). However, the price can differ dramatically from this average due to a number of factors including where you live and the level of coverage you want. So how much is homeowners insurance through Hippo in your state? Generally Hippos home insurance falls slightly above the national average at $1600 per annum. The most expensive state for renters insurance by Hippo is Texas because of the number of natural disasters that happen in the Lone Star State every year. Pennsylvania is at the other end of this spectrum, having one of the lowest average premium rates in the county.

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Get a Hippo Homeowners and Auto Insurance Discount

Creating a bundle is one of the easiest ways to save on your insurance premiums. Almost every insurer can package two types of insurance plans together at a discounted rate as this is a sure-fire way to get customers to stay with them for a long time. A bundle is so effective as not only do they save you money but they also make your life easier by streamlining the claimant process as you will only need to remember the details of one policy and only need to contact one provider in the event of an incident occurring. There are multiple types of insurance bundles that are offered by almost every provider with the most common being an auto insurance and homeowner’s insurance bundle. Does Hippo offer an auto insurance bundle? Unfortunately, Hippo does not offer an auto insurance bundle but you can still get a discounted rate on your homeowners insurance premium as Hippo may give a reduced rate on their homeowner’s insurance policy to customers that have an existing auto insurance policy through another provider. If you would like to see if you are eligible for a discount on your homeowners insurance then contact Hippo over the phone today and ask your clerk.

Costs of Hippo Homeowners Insurance Compared with Competitors

The market for homeowners insurance in the USA is becoming more saturated every year. This means that providers must keep their rates low and policy options diverse to attract more potential customers to their sites. This means that it can be difficult to compare the insurance quotes you have gathered because one provider may offer something another cannot but that provider may be able to offer you a discounted rate on your home insurance premium. Despite their competitive rates, Hippo is lacking the experience of more well-known insurance providers like State Farm and therefore they haven’t been able to match the coverage options of its competitors. You will find yourself paying only $69 more a year (on average) on your homeowners insurance to be insured by a more distinguished company like Allstate. But, when we compare their rates to State Farm, on average Hippo renter’s insurance policy is 40% less. So you can make some big savings by shopping small.

Reaching Out to Hippo Homeowners Insurance

You can file a claim on your Hippo homeowners insurance policy quickly and easily by calling your provider and sharing the details of the incident. You should gather as much information about the incident as possible before calling and keep the details of anyone else involved in the incident safe in case you need to share this with your provider. You will be paired with a dedicated claims advocate who will be your single point of contact for the entire claims process, meaning that you will never waste time with someone who doesn’t understand your case. They will advocate for you and work hard to ensure that you obtain the best resolution to your claim as quickly as possible. Not only will they help you with any legal matter but your advocate will even book you a hotel and organize transport if necessary. Hippo clerks will go out of their way to make the claims process as easy as possible for you.
If you are unsatisfied with the service that you have received from your insurer or think you could find a better deal elsewhere then you should consider canceling your Hippo homeowners insurance policy. Call your provider and tell them that you wish to end your contract with them. You should keep in mind that they may offer you discounted rates on your homeowners insurance if you choose to remain with them and decide if what they are offering you can cancel out the reason you originally decided to cancel the policy. Moreover, you should only cancel a homeowner’s policy if you are switching providers or have sold your home as you should not leave your property unprotected because you alone will be held liable if any damages were to occur. You will need to provide your account details and may need to pass some security questions to complete the cancelation process. You should ask for a confirmation email to be sent to you as proof of the cancelation request to keep for your records.

Deciding on Whether Hippo is Right for Your Home

Overall, Hippo offers affordable prices; relevant add-on coverage options, good customer service, and perks like free smart home equipment. Although their homeowners insurance is not yet available in every state, the company is expanding its reach all the time so keep an eye on their website and social media channels if they don’t currently service your area. You can get a quote in 60 seconds by visiting their website and answering some questions. You will be asked for your address, what type of property you live in and who is living in the property among other things so the AI can calculate your quote. When you receive your quote you should decide whether Hippo homeowner insurance is for you and either accept or reject the quote after comparing it to any other quotes gathered from its competitors. If you accept the quote then your coverage will begin and you will be one of the thousands covered by one of America’s top insurers.