New Hampshire Homeowners Insurance (August 23)
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Are you looking for the best home insurance in New Hampshire? We have analyzed all the major insurers to help you find the best New Hampshire homeowners insurance.
Key Takeaways
- New Hampshire homeowners insurance costs $807 annually.
- Insurers offer home insurance policies in the state starting at around $564 annually.
- Ensure to buy additional flood insurance, as flooding often happens in the state.
New Hampshire homeowners insurance: What you need to know
On average, homeowners insurance in NH costs around $807 annually. The rate is much lower than the national average rate.
Coastal storms, floods, and other severe storms are very common in the state. So having home insurance will ample coverage will be ideal. The average state rate is quite reasonable, even with some natural disasters affecting the state at times. Do you need a policy at an even cheaper rate? We will help you find more affordable home insurance in New Hampshire!
What does a homeowners insurance policy cover?
A home insurance policy covers Liability, Dwelling, Personal Property, Other Structures, Medical Payments to Others, and Additional Living Expenses. But also, you can buy these coverages in New Hampshire.
- Earthquake insurance: It is typically not covered by your home insurance policy. Most insurers normally offer an earthquake endorsement as optional coverage.
- Flood insurance: A standard home insurance policy does not cover damage by floods. So, you will need a separate flood insurance policy via FEMA’s National Flood Insurance Program (NFIP) or a private insurer. This coverage will benefit those living in flood-prone regions, like the New Hampshire coast.
- Water backup coverage: Sewer backup issues or drain lines aren’t covered by a homeowners insurance policy. However, many insurers give customers the option of adding sewer and water backup coverage as additional coverage.
What isn’t covered by a typical homeowners insurance policy?
A home insurance policy doesn’t cover flooding, nuclear threats, earthquakes, power outages, insect and vermin infestations, war, wear and tear, sinkholes, or intentional loss. Before buying, check your policy well to ensure the coverages you get.
The cheapest home insurance companies in New Hampshire
Are you looking to buy the cheapest home insurance in New Hampshire? With a yearly average rate of $564, Safeco offers the most low-priced home insurance in New Hampshire. Do you want even lower rates? Then it is best to compare rates from all the insurers and buy!
| Insurer | Average annual rate |
|---|---|
| Safeco | $610 |
| Universal Insurance | $564 |
| Mt Washington | $579 |
| Commerce | $625 |
| MetLife | $647 |
| Vermont | $677 |
The best homeowners insurance in New Hampshire for those with poor credit
Insurers consider poor credit scores as a sign of risky behavior and a higher likelihood of making an insurance claim; hence, many charge higher premiums. Vermont Mutual offers the most affordable house insurance rates for a homeowner in New Hampshire with poor credit with an average yearly premium of $1,153.
| Insurer | Average annual rate |
|---|---|
| Vermont Mutual | $1153 |
| Auto-Owners | $1273 |
| Allstate | $1684 |
| State Farm | $1834 |
| USAA | $2408 |
The best homeowners insurance in Nevada for pool owners
Homes with a swimming pool can also anticipate a higher New Hampshire homeowners insurance since pools pose a liability risk. Vermont Mutual offers the most affordable home insurance rates for New Hampshire homes with swimming pools, with an average yearly premium of $669.
| Insurer | Average annual rate |
|---|---|
| Vermont Mutual | $669 |
| Auto-Owners | $830 |
| Allstate | $1097 |
| State Farm | $1098 |
| USAA | $1101 |
The best homeowners insurance in New Hampshire for dog owners
Most dog bite injuries and liability claims are caused by certain dog breeds, many of which insurers see as ‘aggressive’ or ‘dangerous.’ Vermont Mutual offers the most affordable home insurance rates in New Hampshire for a house with a dangerous dog breed, with a rate of $669 per year.
| Insurer | Average annual rate |
|---|---|
| Vermont Mutual | $669 |
| Auto-Owners | $830 |
| Allstate | $1097 |
| State Farm | $1098 |
| USAA | $1101 |
Homeowners insurance deductibles in New Hampshire
How high or low to set your deductible is one of the many decisions you will need to make while looking for homeowners insurance in NH. The deductible is the sum you must pay towards a covered loss. Your choice of the deductible amount could significantly affect your home insurance prices. So your premium will be higher the lower your deductible is. Therefore, you should keep your deductible larger if you want your home insurance rates to be cheaper.
The following are average premium prices associated with the majority of deductibles.
| Deductible Level | Average annual rate |
|---|---|
| $500 | $821 |
| $1,000 | $728 |
| $1,500 | $687 |
| $2,000 | $643 |
| $5,000 | $561 |
New Hampshire home insurance prices by coverage levels
The amount of home insurance you buy will affect your insurance premiums. A dwelling coverage of up to $400,000 costs as much as $1,069 annually in the state. A dwelling coverage of $100,000 will cost around $390 yearly.
| Dwelling coverage cost | Average annual rate |
|---|---|
| $100,000 | $390 |
| $200,000 | $636 |
| $250,000 | $729 |
| $400,000 | $1069 |
New Hampshire homeowners insurance costs by city
The area where you live can impact the rate of home insurance in New Hampshire. Your ZIP Code and the area’s theft rate can affect your premiums. The following are the rates for different cities.
| City | Average annual rate |
|---|---|
| Alton Bay | $827 |
| Antrim | $775 |
| Ashland | $813 |
| Ashuelot | $818 |
| Barnstead | $823 |
| Belmont | $827 |
| Berlin | $816 |
| Bretton Woods | $792 |
| Bristol | $820 |
| Center Barnstead | $820 |
| Center Conway | $824 |
| Center Ossipee | $817 |
| Center Sandwich | $808 |
| Center Strafford | $820 |
| Center Tuftonboro | $808 |
| Charlestown | $805 |
| Chesterfield | $809 |
| Chocorua | $806 |
| Claremont | $803 |
| Colebrook | $825 |
| Concord | $805 |
| Contoocook | $809 |
| Conway | $820 |
| Cornish Flat | $801 |
| Derry | $807 |
| Dover | $814 |
| Drewsville | $803 |
| Durham | $824 |
| East Andover | $800 |
| East Candia | $806 |
| East Derry | $810 |
| East Hampstead | $821 |
| East Hebron | $808 |
| East Merrimack | $760 |
| East Wakefield | $817 |
| Eaton Center | $810 |
| Elkins | $798 |
| Enfield | $807 |
| Enfield Center | $805 |
| Epping | $821 |
| Etna | $804 |
| Exeter | $811 |
| Farmington | $821 |
| Franklin | $812 |
| Georges Mills | $793 |
| Gilmanton Iron Works | $826 |
| Glen | $802 |
| Glencliff | $809 |
| Goffstown | $783 |
| Greenville | $786 |
| Groveton | $810 |
| Guild | $796 |
| Hampton | $951 |
| Hampton Beach | $1,018 |
| Hanover | $794 |
| Haverhill | $796 |
| Hebron | $808 |
| Henniker | $803 |
| Hillsborough | $783 |
| Hooksett | $798 |
| Hudson | $776 |
| Intervale | $812 |
| Jaffrey | $807 |
| Kearsarge | $813 |
| Keene | $803 |
| Laconia | $818 |
| Lancaster | $809 |
| Lebanon | $804 |
| Lincoln | $815 |
| Lisbon | $815 |
| Littleton | $818 |
| Lochmere | $810 |
| Londonderry | $802 |
| Lyme Center | $802 |
| Manchester | $795 |
| Melvin Village | $805 |
| Meredith | $813 |
| Meriden | $800 |
| Milford | $780 |
| Milton Mills | $822 |
| Mirror Lake | $817 |
| Monroe | $800 |
| Mount Washington | $798 |
| Munsonville | $812 |
| Nashua | $752 |
| Nelson | $812 |
| Newmarket | $810 |
| Newport | $809 |
| Newton Junction | $803 |
| North Conway | $814 |
| North Haverhill | $805 |
| North Salem | $811 |
| North Sandwich | $805 |
| North Stratford | $816 |
| North Sutton | $809 |
| North Walpole | $806 |
| North Woodstock | $819 |
| Peterborough | $782 |
| Piermont | $797 |
| Pike | $796 |
| Pinardville | $776 |
| Plymouth | $818 |
| Portsmouth | $806 |
| Randolph | $799 |
| Raymond | $810 |
| Rochester | $819 |
| Rye Beach | $880 |
| Sanbornville | $817 |
| Seabrook Beach | $1,019 |
| Silver Lake | $818 |
| Somersworth | $822 |
| South Acworth | $806 |
| South Hooksett | $797 |
| South Newbury | $798 |
| South Sutton | $798 |
| South Tamworth | $822 |
| Spofford | $809 |
| Stinson Lake | $803 |
| Sugar Hill | $805 |
| Suncook | $803 |
| Tilton Northfield | $820 |
| Troy | $810 |
| Twin Mountain | $811 |
| Union | $818 |
| Waterville Valley | $808 |
| West Chesterfield | $809 |
| West Lebanon | $801 |
| West Nottingham | $801 |
| West Ossipee | $806 |
| West Peterborough | $777 |
| West Stewartstown | $800 |
| West Swanzey | $805 |
| Winchester | $811 |
| Winnisquam | $814 |
| Wolfeboro | $811 |
| Wolfeboro Falls | $812 |
| Wonalancet | $810 |
| Woodsville | $810 |
Home and auto insurance bundling in New Hampshire
How can you buy cheap New Hampshire home insurance? One way is by bundling your homeowners and auto insurance policies.
| Average annual rate (without bundling) | Average annual rate (with bundling) | Yearly savings (in $) | Yearly savings (in percent) |
|---|---|---|---|
| $807 | $692 | $115 | 14.25% |
Home insurance discounts in New Hampshire
Using the discounts offered by your insurer is another way by which you can buy lower the rate of home insurance in New Hampshire. But ensure to check which discounts you qualify for.
| Insurer | Bundling Discounts | Loyalty Discounts | Military Discounts | New Home Credit Discounts | Claim-Free Discounts | Protective Devices Discounts |
|---|---|---|---|---|---|---|
| Farmers | ✓ | ✓ | - | ✓ | ✓ | ✓ |
| All state | ✓ | ✓ | - | ✓ | ✓ | - |
| State Farm | ✓ | - | - | - | ✓ | ✓ |
| USAA | ✓ | ✓ | ✓ | - | ✓ | ✓ |
| Nationwide | ✓ | - | - | ✓ | ✓ | ✓ |
| Liberty Mutual | ✓ | - | - | - | - | - |
| Progressive | ✓ | - | - | ✓ | - | ✓ |
| Amica | ✓ | - | - | ✓ | ✓ | ✓ |
| Chubb | ✓ | - | - | ✓ | ✓ | ✓ |
Comparing common features across top companies
Are you trying to buy the best NH homeowners insurance? Then check whether your insurer offers these features.
| Insurer | Identity Theft Protection | Valuable Possessions | Water Backup | Other Structures Coverage | Dwelling /Personal Property Replacement |
|---|---|---|---|---|---|
| Farmers | Optional | ✓ | No | Optional | Optional |
| Allstate | Optional | Optional | Optional | ✓ | Optional |
| State Farm | Optional | Optional | Optional | ✓ | Optional |
| USAA | ✓ | Optional | No | ✓ | ✓ |
| Nationwide | Optional | Optional | Optional | ✓ | Optional |
| Liberty Mutual | Optional | Optional | Optional | ✓ | Optional |
| Progressive | No | Optional | Optional | ✓ | ✓ |
| Amica | Optional | Optional | Optional | ✓ | Optional |
| Chubb | Optional | Optional | ✓ | ✓ | ✓ |
Common causes of home insurance claims in New Hampshire
These are a few reasons leading to New Hampshire home insurance claims.
- Storm surge: Hurricanes can also result in storm surge, a high risk in the state. Flooding results from storm surges when a large amount of water rushes ashore.
- Hurricanes: Although they don’t strike New England as frequently as the Southern states along the East Coast, storms may make touchdown there. High winds and flooding can result from hurricanes.
- Winter storms: Homes in New Hampshire are prone to damage from ice storms and blizzards. Roof collapses, water leaks, and tumbled trees/power lines are the typical damages that can happen.
Does homeowners insurance cover flooding in New Hampshire?
A standard homeowners insurance policy doesn’t cover damages due to floods. So you must buy flood insurance via the National Flood Insurance Program (NFIP) of FEMA or a private insurer to cover the flood damage expenses. The coverage from private flood insurers may vary; however, NFIP flood insurance offers the following coverage.
- Your home’s structure - $250,000
- Personal property - $100,000
Does homeowners insurance cover wind damage in New Hampshire?
Wind damage often happens in New Hampshire, ranging from hurricanes and nor’easters from the Atlantic to winter storms from Canada. Fortunately, wind damage normally gets covered by home insurance.
Does homeowners insurance cover snow and ice damage in New Hampshire?
Snowstorms frequently happen in New Hampshire. Snow accumulation on your roof or trees can cause damage. Homeowners insurance typically covers this under ‘weight of snow’ coverage. However, you must keep an eye on the accumulation of snow and ice and clear it away as required. Your insurance policy will most likely not cover damage caused by water that has leaked through your roof, nor will it cover damage caused by an ice dam.
Factors that affect home insurance rates in New Hampshire
Do you want to buy cheap home insurance in New Hampshire? Then check for these factors before buying one.
- Your location: Factors like your ZIP code and the area’s theft rate impact the cost of homeowners insurance in New Hampshire.
- Replacement cost: The rate of home insurance in New Hampshire varies depending on the cost of local labor and building supplies.
- Age/condition: Insuring older properties will cost more than insuring newer properties.
- Claims history: If you file claims frequently, insurers will consider you a risk. Expect your insurance premiums to rise then.
- Credit history: Most insurers will check your credit score before providing you with a home insurance policy. If your credit score is poor, you should expect to pay more for New Hampshire homeowners insurance.
- Dog breed: Many insurers classify certain dog breeds as ‘dangerous.’ If your insurer regards your dog this way, New Hampshire home insurance costs will increase.
Tips for buying homeowners insurance
Are you looking to find the best home insurance in New Hampshire? Then follow these tips!
- Assess your rebuilding costs: Speak with an insurance agent or a builder to determine how much it would cost to rebuild your house using low-cost building materials and local labor.
- Review the advantage of replacement cost over actual cash value: You may require replacement cost insurance for your home and other belongings.
- Consider add-on coverage for your expensive items: Buy personal property coverage if you own expensive items such as high-end electronics, sporting equipment, musical instruments, or antiques.
- Evaluate your liability coverage needs: Determine the minimum liability insurance limit you require.
- Assess coverage gaps: Many insurers provide high coverage limits for landscaping elements like trees and bushes.
- Check financial ratings: All home insurers can obtain ratings from organizations such as AM Best and Standard & Poor’s. Some companies, for example, will not allow you to apply for a mortgage if your insurer does not have a minimum ‘A’ financial strength rating.
- Check for discounts: Use all the discounts that your insurer offers.
- Compare quotes from various insurance companies: The cost of homeowners insurance in New Hampshire varies depending on the insurer. You must compare quotes from several insurers to find the best New Hampshire home insurance policy.
Most common disasters in New Hampshire
Disasters by month
According to FEMA, March and August have been the busiest month, with 11 and seven declared disasters, respectively.
| Month | Number of disasters |
|---|---|
| January | 6 |
| February | 1 |
| March | 11 |
| April | 5 |
| May | 2 |
| June | 4 |
| July | 4 |
| August | 7 |
| September | 5 |
| October | 5 |
| November | 3 |
| December | 2 |
Disasters by year
According to FEMA, the state experiences an average of two disasters yearly. 2011 was the busiest year, with five declared disasters.
| Year | Number of disasters |
|---|---|
| 2001 | 1 |
| 2002 | 0 |
| 2003 | 3 |
| 2004 | 1 |
| 2005 | 5 |
| 2006 | 1 |
| 2007 | 1 |
| 2008 | 4 |
| 2009 | 1 |
| 2010 | 2 |
| 2011 | 5 |
| 2012 | 3 |
| 2013 | 2 |
| 2014 | 0 |
| 2015 | 1 |
| 2016 | 1 |
| 2017 | 2 |
| 2018 | 3 |
| 2019 | 1 |
| 2020 | 2 |
How to get New Hampshire home insurance with Way.com
Homeowners insurance in NH costs around $807 yearly. However, finding cheaper home insurance in New Hampshire is still possible. But how’s that possible? That’s where Way.com becomes your savior!
You have to use our website or app to obtain quotes from all insurers in the state. Then you must compare the quotes and buy a policy with the lowest quote. Do you want extra help? Then our insurance agents in the state can guide you. They will help you understand New Hampshire home insurance laws, the most complex insurance terms, coverages, and discounts.
So, contact our insurance agents in your state if you want to buy the best New Hampshire homeowners insurance.
FAQs
What is the average cost of homeowners insurance in NH?
On average, homeowners insurance in NH costs around $807 yearly.
Is homeowners insurance required in NH?
No, the law doesn’t state having home insurance in New Hampshire. But it is almost certainly required by your mortgage company to obtain a loan.
What is the cheapest homeowners insurance in New Hampshire?
Our research found that Safeco offers it with an average yearly rate of $564.
How do I get homeowners insurance in New Hampshire?
You can start that by getting quotes from many home insurance companies in New Hampshire. You can usually do this online, but you can call a company or go to a local agency. We recommend getting at least 3-5 quotes to compare. Suppose you find an insurer from whom you want to purchase coverage. You must sign an application and make at least a month’s payment unless your home insurance gets paid through your escrow account.
Access your digital insurance card through the app. You no longer need to carry your physical insurance card with you.
Receive reminders before your renewal. Way.com will also send new quotes from up to 45 insurance companies with your renewal reminder.
Keep everyone on your policy up to date by sharing your insurance information.
Make changes to your policy right from the app (coming soon) and ask for expert advice.
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