Best cheap homeowners insurance in Boise

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An estimated 60% of Boise, Idaho residents own a home, which is lower than the national average homeownership rate of 64% Although home insurance in Boise is not legally required, it is a smart investment. The average cost of home insurance in Boise is $789 per year for a policy with $250,000 in dwelling coverage. We did some research to find the best homeowners insurance in Boise based on price, coverage, discounts and more.

Best cheap home insurance companies in Boise

If you are shopping for home insurance in Boise, the companies we most recommend are American Family, Allstate, MetLife, USAA and Farmers. These five providers offer affordable premiums, good coverage options, generous discounts and excellent financial strength ratings.

Home insurance company Average annual premium for $250K dwelling J.D. Power score
American Family $587 821/1,000
Allstate $587 829/1,000
MetLife $634 824/1,000
USAA $807 889/1,000
Farmers $878 814/1,000

American Family

American Family is one of the cheapest Boise home insurance providers we reviewed. The average policy costs $587 per year, which is more than $200 below the city’s average annual rate. American Family has reliable coverage, with endorsements for equipment breakdown, matching siding protection, identity theft coverage and more. Additionally, American Family has excellent discounts, including savings for newer homes, renovated homes, customer loyalty and policy bundling, plus a diminishing deductible program.


Allstate’s home insurance coverage is affordable and very robust, with optional coverages like water backup, green restoration, identity theft, yard and garden, musical instruments and sports equipment. The company also offers tons of discounts, with savings for new home buyers, being claims-free, having a home security system and signing a policy before your old one ends, among others. Allstate also has a unique claim rate guard protection, which keeps your premium from increasing after a claim.


MetLife home insurance is a good option for Boise homeowners who are looking for a replacement cost coverage policy. Every MetLife policy comes standard with replacement cost coverage for your dwelling and personal property, as well as identity theft coverage, at no extra charge. The biggest downside with MetLife is that the company does not offer many discounts. The only way to get a lower premium is to bundle your home and auto insurance. Additionally, MetLife does not offer any endorsements for customized protection.


USAA is one of the top insurance companies on the market, but only active duty and retired military personnel (and their immediate family members) can qualify for insurance through USAA. Boise homeowners who are eligible for USAA can get access to low rates, great customer service and reliable coverage. The company includes free earthquake coverage, military uniform coverage and identity theft coverage with every policy. Plus, there are discounts for being claims-free, installing a security system in your home and bundling your policies.


Farmers is the most expensive Boise home insurance provider we reviewed, with an average annual premium of $878. However, Farmers has excellent home insurance coverage, so the higher rate might be worth it. Farmers sells three home insurance tiers—standard, enhanced and premier—which come with varying levels of coverage. Additionally, every policy comes with a declining deductible, claim forgiveness after five years of continuous coverage, cosmetic damage coverage and a claims-free discount.

Other Boise home insurance coverages to consider

Homeowners in Boise are usually not required to carry home insurance. The only exception is if your mortgage lender requires you to purchase coverage as part of your loan agreement. Even if you do not have a mortgage, purchasing home insurance is a good idea. Here are some of the most valuable home insurance coverages for Boise homeowners to consider:

  • Earthquake insurance: Earthquakes occasionally occur in Idaho, and most regular home insurance policies do not cover earthquake-related losses. If you want protection against earthquakes, you should consider getting earthquake insurance, which covers your home and personal belongings from earthquake damage.
  • Flood insurance: Boise can experience flooding from snow melt and heavy rainfall. Because home insurance does not cover floods, having a standalone flood insurance policy can be beneficial to protect your home and personal items.
  • Water backup coverage: If water backs up in your home due to a sump pump failure, burst pipe or drain issue, an optional water backup policy will pay to repair any water damage and replace personal belongings.

Home insurance discounts in Boise

Most home insurance companies in Boise offer savings opportunities. Taking advantage of discounts is one of the easiest ways to get cheap homeowners insurance. Here are some of the home insurance discounts that you may find in Boise:

  • Claims-free discount: Homeowners who have no prior insurance claims on their record can usually qualify for a lower rate.
  • New home discount: If you insure a newly purchased or newly built home, many home insurance companies will consider giving you a discounted rate.
  • Security system discount: If your home is equipped with a security system, you can probably save some money on your insurance policy.
  • Pay in full discount: Homeowners who pay their annual premium in full, rather than in monthly installments, often get a slightly lower premium.

Frequently asked questions

What is the best home insurance company?

The best home insurance company varies. It depends on where you live, what type of coverage you need, how much you want to spend and more. To find the best home insurance company for you, we recommend shopping around and comparing providers using your personal criteria.

How much home insurance do I need in Boise?

Boise homeowners should have enough dwelling insurance to cover the cost of rebuilding their home back to its original condition. You should have enough personal property coverage to replace your and your family’s personal items if they got damaged or destroyed in a covered incident. Lastly, you should have enough liability insurance to protect your personal assets that could be at stake in the event of a lawsuit.


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Written by
Elizabeth Rivelli
Insurance Contributor
Elizabeth has two years of experience writing for insurance domains such as, The Simple Dollar, and NextAdvisor, among others. In addition to auto insurance, Elizabeth regularly writes about home insurance, renters insurance and life insurance. She also covers industry trends and general insurance education.