Best homeowners insurance in New Hampshire of 2021
The home ownership rate in New Hampshire averages 75%, which increases the need to find the best homeowners insurance in the state. Fortunately for residents, New Hampshire home insurance rates are some of the lowest among its Northeastern neighbors — with an average annual premium rate of $709 for $250K in dwelling coverage. In 2019, New Hampshire homeowner’s insurance incurred over $168 million in losses adding to the urgency of finding the best home insurance in New Hampshire.
Best home insurance companies in New Hampshire
|Home Insurance Company||Average Annual Premium for $250K Liability||JD Power Score|
|Amica Mutual||$708||5 out of 5|
|MetLife||$453||2 out of 5|
|State Farm||$654||4 out of 5|
|Allstate||$700||4 out of 5|
|USAA||$867||5 out of 5|
Price is just one factor to consider when shopping for homeowners insurance companies. Also consider a company’s financial rating and its customer service track record. Each year J.D. Power conducts a survey of the nation’s home insurance companies. Based on its 2019 U.S. Home Insurance Study, we’ve chosen a few top picks for New Hampshire homeowners.
Amica Mutual ranked #1 in the J.D. Power survey, with five-star ratings in all categories, including billing, customer interaction, claims, overall satisfaction, policy information and policy offerings. Amica’s standard home insurance policy also comes with high coverage levels for loss of use and personal property.
MetLife is known for its digital assets, such as its highly-rated mobile app. The company also offers competitive rates for homeowners insurance in New Hampshire. Another outstanding feature of the homeowners insurance policy is the Guaranteed Replacement Coverage — so you receive the actual dollar amount it costs to replace your home, even if it’s higher than the home’s market value.
State Farm offers fantastic personal property protection and gives you the option to increase your standard dwelling coverage. State Farm agencies operate throughout New Hampshire, offering a full portfolio of coverages including boat, health, life and recreational vehicle insurance
Allstate consistently ranks among J.D. Power’s top home insurance companies. It offers a wide variety of insurance products and continues to operate local agencies. Allstate’s claims process enables you to file a claim by calling the national claims center, contacting your local agent or using the Allstate mobile app.
USAA consistently ranks among J.D. Power’s top home insurance companies. It offers a wide variety of insurance products and continues to operate local agencies. Allstate’s claims process enables you to file a claim by calling the national claims center, contacting your local agent or using the Allstate mobile app.
Average cost of homeowners insurance in New Hampshire
The average home insurance cost in New Hampshire is $709 annually, for $250k in dwelling coverage. This is well-below the national average of $1,477. Compared to its neighbors, New Hampshire averages below Maine, which comes in at $982 annually. However New Hampshire does cost slightly more than Vermont, which averages $681.
Home insurance considerations in New Hampshire
New Hampshire experiences its fair share of volatile weather conditions, meaning it can be a wise decision to purchase the most comprehensive coverage possible for your homeowners policy.
New Hampshire common causes of loss
Hurricanes pose the greatest risk to New Hampshire homes. New Hampshire ranks as the 19th highest state in the nation for storm surge risk. The state also faces moderate risk of tornados, wildfires and earthquakes. However, blizzards and ice storms can also wreak havoc on northeastern homes, bursting pipes, collapsing roofs and downing powerlines and trees.
Recommended coverages in New Hampshire
It’s important to keep in mind the risk factors mentioned above as you are selecting coverage options for your homeowners policy. In addition to dwelling coverage, it might be worth considering:
- Flood insurance (purchased through FEMA): A separate policy for damage due to floods for those living in flood-prone areas, like the coast of New Hampshire.
Frequently asked questions
What is the cheapest homeowners insurance in New Hampshire?
The cost of homeowners insurance can depend on many factors, including your credit score, the age of your home and its location. Based on Bankrate’s study, Amica Mutual and USAA offer some of the lowest home insurance rates in New Hampshire.
How do I get homeowners insurance in New Hampshire?
More than 100 companies sell New Hampshire homeowners insurance, including major providers such as Allstate, Amica Mutual and State Farm.
Are rural New Hampshire homes more expensive to insure?
Rural homes can be expensive to insure, depending on their proximity to emergency services. Insurance companies offer the best rates for homes located within five miles of a fire station and 1,000 feet of a fire hydrant.
Bankrate utilizes Quadrant Information Services to analyze 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.
Rates are determined based on 2020 Quadrant Information Services data.