Average Cost of Homeowners Insurance in Idaho (2024)


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Updated: May 22, 2024

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The average cost of homeowners insurance in Idaho in 2024 is $1,448, which is $975 less than the national average of $2,423.

Aside from the amount of coverage, credit score has the largest impact on Idaho's premiums, with the average premium difference reaching $2,001 depending on the score. If your rates have recently increased, we've also analyzed the cheapest plans in the state, which could help you find more affordable coverage options.

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Rates updated:

Jul 13, 2024

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To establish the average cost of homeowners insurance in Idaho, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.

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These rates reflect the average cost of home insurance in Idaho as of 2024.

860KQuotes Analyzed
 
8Companies Compared
 
7ZIP Codes

Average Cost of Home Insurance in Idaho by Coverage Amount

In Idaho, the average annual premium for homeowners insurance with $250K dwelling coverage, $125K personal property and $200K liability coverage is $1,448. It is less than the national average of $2,423.

When protecting your home, it's essential to know how much coverage you need. Adequate insurance covers the rebuild cost of your home and your personal property in case of a total loss.

For example, a policy with $100K in dwelling coverage has an annual premium of $788. If you own a more substantial property and require $500K in dwelling coverage, the premium increases to $2,539.

Average Annual Home Insurance Premium Idaho by Coverage Amount
$100K Dwelling / $50K Personal Property / $100K LiabilityAverage Annual Premium$788
$250K Dwelling / $125K Personal Property / $200K LiabilityAverage Annual Premium$1,448
$500K Dwelling / $250K Personal Property / $300K LiabilityAverage Annual Premium$2,539
$750K Dwelling / $375K Personal Property / $500K LiabilityAverage Annual Premium$3,550

Average Cost of Home Insurance in Idaho by Insurer

Premiums for homeowners insurance in Idaho are not one-size-fits-all; they fluctuate significantly across insurance providers. For instance, Mutual of Enumclaw policy is much cheaper than that of Idaho Farm Bureau's despite offering the same level of home protection.

Underwriting differences contribute to premium variations, that's why comparing them is imperative when you are looking for Idaho's best homeowners insurance.

Average Annual Home Insurance Premium Idaho by Provider
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Mutual of EnumclawAnnual Premium$862
American FamilyAnnual Premium$902
NationwideAnnual Premium$997
FarmersAnnual Premium$1,219
USAAAnnual Premium$1,582
AllstateAnnual Premium$1,623
State FarmAnnual Premium$1,917
Idaho Farm BureauAnnual Premium$2,483

Average Cost of Home Insurance in Idaho by Credit Score

Idaho homeowners with poor credit ratings pay an average annual premium of $2,585 for homeowners insurance, $1,137 more than the state average. Conversely, homeowners with excellent credit only pay $1,239 annually. This difference showcases what impact credit scores have on insurance rates.

While immediate credit score improvement may not be feasible, enhancing it over time can lead to lower rates. In the interim, comparing insurers could be advantageous. Spend less than 15 minutes to see which insurer will save you the most on homeowners insurance in Idaho.

Average Annual Home Insurance Premium in NJ by Credit Rating
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
PoorAnnual Premium$2,585
Below FairAnnual Premium$2,074
FairAnnual Premium$1,721
GoodAnnual Premium$1,448
ExcellentAnnual Premium$1,239

Average Cost of Home Insurance in Idaho by Construction and Roof Type

Roof type plays a role in determining homeowners insurance premiums. In Idaho, homes with tile roofs, known for their durability, often see lower insurance costs. Conversely, shake-treated roofs, which are more at risk of damage from severe weather, can increase premiums slightly.

The materials used in home construction also influence insurance rates. Superior construction materials, which are more resistant to common perils like fire, usually encourage more favorable premiums. On the other hand, standard frame construction, which is less resistant, may have higher insurance costs.

Use the drop-downs in the table below to see how premiums change based on your home's materials.

Average Annual Home Insurance in Idaho by Construction and Roofing Type
Data filtered by:Results filtered by:
Construction:
Construction:Frame
Roof Type:
Roof Type:Composition
$100K Dwelling / $50K Personal Property / $100K LiabilityAnnual Premium$788
$250K Dwelling / $125K Personal Property / $200K LiabilityAnnual Premium$1,448
$500K Dwelling / $250K Personal Property / $300K LiabilityAnnual Premium$2,539
$750K Dwelling / $375K Personal Property / $500K LiabilityAnnual Premium$3,550
$1M Dwelling / $500K Personal Property / $1M LiabilityAnnual Premium$4,731

Average Cost of Home Insurance in Idaho for Newly Constructed Homes

Insurance for a newly constructed home in Idaho costs an average of $868 annually, $580 less than the $1,448 average premium for an existing home. Newer homes benefit from modern materials and adherence to updated building codes, which can lower insurance premiums. The table below displays the premium differences for new versus existing homes.

Average Annual Home Insurance Premiums: New vs. Existing Construction
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Existing Construction (2000)Annual Premium$1,448
New Construction (2023)Annual Premium$868

Average Cost of Home Insurance in Idaho by Claims History

In Idaho, homeowners with a claim-free status for at least five years can expect an average annual premium of $1,448. However, a single claim within the past five years makes the average premium jump to $1,798. For those with two claims in the same period, the average annual cost increases to $2,012.

Average Annual Home Insurance in New Jersey by Claims Experience
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Claim free for 5+ yearsAnnual Premium$1,448
1 claim in past 5 yearsAnnual Premium$1,798
2 claims in past 5 yearsAnnual Premium$2,012
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IDAHO NATURAL DISASTERS AND HOME INSURANCE

In Idaho, wildfires, earthquakes, winter storms and riverine flooding are the most common natural disasters. Homeowners insurance often covers wildfire damages. However, home insurance typically does not cover flooding, so you need a separate flood insurance to protect you financially.

Average Cost of Home Insurance by City in Idaho

For the cities we analyzed, premiums ranged from $1,379 to $1,396 annually. In Boise City, homeowners may pay about $1,396, while Meridian residents might see rates around $1,379.

Location affects premiums due to varying risks like weather, crime and local construction costs. Aside from city-based differences, other factors, such as coverage amount and credit rating, also affect home insurance premiums.

Average Annual Home Insurance Premium by City
Data filtered by:Results filtered by:
Coverages:
Coverages:$250K Dwelling / $125K Personal Property / $200K Liability
Boise CityAnnual Premium$1,396
MeridianAnnual Premium$1,379

How to Shop for Home Insurance in Idaho

Shopping for home insurance in Idaho can be as smooth as possible if you know how to. Here's how to find the best deal for you.

1
Understand Your Needs

Assess how much coverage you need for your home.

2
Compare Quotes

Shop around and compare home insurance quotes to find the best rates for your unique needs.

3
Check for Discounts

Ask about bundles and other discounts from insurers to save money. One way to secure a discount is by installing home security systems.

4
Review Company Ratings

Look at insurer ratings for price and claims experience.

5
Choose Your Policy

Pick the policy that offers the best value and coverage.

6
Purchase Insurance

Buy your policy to ensure your home is protected.

Bundling Home Insurance With Auto Insurance in Idaho

Idaho homeowners can leverage potential savings by bundling their home and auto insurance policies. On average, the combined cost of individual auto and home insurance decreases premiums by 13%, leading to potential annual savings ranging from $145 to $710. Exploring the best Idaho home and auto bundles is a great way of maximizing these multipolicy discounts.

Home Insurance Discounts in Idaho

In Idaho, homeowners can tap into various insurance discounts to reduce their premiums.

  • Impact-resistant roofing: Installing materials that withstand severe weather.
  • Home safety features: Alarms and deadbolts can lower insurance costs.
  • Claims-free history: Long periods without claims can lead to discounts.

Remember, to maximize savings, inquire about all available discounts when obtaining a quote.

FAQ: Homeowners Insurance in Idaho

On average, what is the cheapest insurer in Idaho?
Is wildfire damage in Idaho covered by homeowners insurance?
Is flood damage in Idaho covered by homeowners insurance?
What is the biggest factor that impacts the price of homeowners insurance in Idaho?
In Idaho, how much, on average, can I save bundling my homeowners insurance with auto?

Additional Resources for Homeowners Insurance in Idaho

Below, you'll find a curated list of tools and information designed to assist homeowners in Idaho with insurance needs:

About Mark Fitzpatrick


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Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.