Owning a home is a big investment for the average American, which is why having the right homeowners insurance is so important for protecting your property from natural disasters. MoneyGeek has created a ranking of the top home insurance companies in New Hampshire along with their coverage prices, so you can compare the average costs in your state. With MoneyGeek’s ranking, you can select the best insurance plan for your home, whether you have poor credit, own a high-value home or have a home with a pool.
The Best Homeowners Insurance Companies and Cheapest Quotes in New Hampshire for 2020
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The 5 Best Homeowners Insurance Companies in New Hampshire
To select the best home insurance in New Hampshire, you can analyze each carrier’s features, such as coverage options, number of complaints, quality of customer service, ability to pay claims and affordability.
MoneyGeek compared and ranked the top five providers based on factors such as the average cost of their policies in New Hampshire, AM Best’s financial stability rating — which measures a company’s ability to pay claims — and J.D. Power customer satisfaction score to help you choose the best homeowners insurance for your property and budget.
1
TravelersScore: 93
5/5
Affordability
3.9/5
User Satisfaction
5/5
Financial Stability
Travelers presents four home insurance policies, which include the main coverages of dwelling, personal property, other structures, medical payments, personal liability and loss-of-use. This provider offers benefits such as multiple-policy options, modernized coverage, several coverage enhancements and cost-saving opportunities.
Read MoneyGeek's Travelers Home Insurance Review2
MetLifeScore: 90
4.8/5
Affordability
4/5
User Satisfaction
4.5/5
Financial Stability
Besides the standard coverages, MetLife offers additional options such as backup of sump pump, drain and sewer, ordinance or law and personal computer, as well as lawns and natural property, protections for debris removal and more. MetLife's selection of rebates include multi-policy, claims free, safety, group/employer, newly constructed home and mature homeowner discounts.
Read MoneyGeek's MetLife Home Insurance Review3
NationwideScore: 89
4.5/5
Affordability
4.3/5
User Satisfaction
4.5/5
Financial Stability
Nationwide offers the standard coverages and added protections such as identity theft, valuables plus, replacement cost plus, water backup, flood insurance, earthquake coverage, brand new belongings and better roof replacement. This provider stands out for its multiple discounts and features like inflation protection for covered item replacement and optional replacement cost coverage.
Read MoneyGeek's Nationwide Home Insurance Review4
FarmersScore: 89
4.5/5
Affordability
4.6/5
User Satisfaction
4/5
Financial Stability
Farmers also offers standard coverages and extra options like flood insurance, earthquake coverage, personal articles floater, extended replacement, green rebuilding, building ordinance or law coverage, contents replacement cost coverage, identity theft and umbrella coverage. This carrier offers discounts to people in professions such as medicine, teaching and a few others. Check to see if you qualify for any discounts. A notable feature of its policies is deductibles reduce over time if no claim is made.
Read MoneyGeek's Farmers Home Insurance Review5
State FarmScore: 80
3.6/5
Affordability
4.1/5
User Satisfaction
5/5
Financial Stability
Besides the primary coverages, State Farm's additional safeguards include backup of sewer or drain, fraud loss, identity restoration and cyber event, firearms, goldware, silverware, furs and jewelry, business property, building ordinance or law, fungus, loss assessment, home systems, energy efficiency upgrade and service line. State Farm boasts robust financial ratings and is an excellent option for first-time property buyers.
Read MoneyGeek's State Farm Home Insurance ReviewWhat Is the Average Cost of Homeowners Insurance in New Hampshire?
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$0
home insurance is 0.0% more than the average.
The average home insurance rate in New Hampshire is $898 for a dwelling coverage baseline amount of $250,000. This average yearly premium is 57.3% less than the national average of $2,103. Carriers estimate homeowners insurance in New Hampshire based on factors such as property worth, the crime rate in the area, the risk of exposure to natural calamities and others.
Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in New Hampshire
A lot of factors affect your homeowners insurance costs in New Hampshire, including your property’s age, dwelling value, location, presence of a pool and having an aggressive dog breed, among others. The carrier will also assess area-related risks and your individual circumstances to determine your quote.
Home Insurance Calculator
State
New Hampshire
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$150,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
The Cheapest Homeowners Insurance Quotes in New Hampshire
Dwelling coverage is an element that helps providers estimate homeowners insurance in New Hampshire. This policy feature can pay for repairing a property if the damage is due to a covered incident like fire, hurricane, hail or any other. In New Hampshire, Travelers offers the most affordable average annual rate, which is $728, for an average dwelling cost of $250,000. This average yearly premium is 18.9% cheaper than the state average. Try to compare homeowners insurance quotes from multiple companies to pick the best coverage for your house and budget.
Cheapest Homeowners Insurance by Dwelling Coverage
Dwelling Coverage:
$250,000
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 for the cheapest homeowners insurance with $250,000 in dwelling coverage in New Hampshire.
$728
2. MetLife
In 2020, MetLife ranked #2 for the cheapest homeowners insurance with $250,000 in dwelling coverage in New Hampshire.
$759
3. Farmers
In 2020, Farmers ranked #3 for the cheapest homeowners insurance with $250,000 in dwelling coverage in New Hampshire.
$810
4. Nationwide
In 2020, Nationwide ranked #4 for the cheapest homeowners insurance with $250,000 in dwelling coverage in New Hampshire.
$812
5. State Farm
In 2020, State Farm ranked #5 for the cheapest homeowners insurance with $250,000 in dwelling coverage in New Hampshire.
$983
Best Cheap Homeowners Insurance Companies for Expensive Homes
For a $2 million property, a standard home insurance policy may not suffice. In New Hampshire, USAA is the most affordable choice for a $2 million home, but it only serves military members and their families. The next cheapest option is Allstate, with an average annual premium of $5,353. Allstate also offers excellent customer service as well as a mobile app for claims, payments and more.
Cheapest Homeowners Insurance Companies for High-Value Homes
Company
Amountper year
1. USAA
In 2020, USAA ranked #1 in New Hampshire for the cheapest homeowners insurance for high-value homes.
$4,837
2. Allstate
In 2020, Allstate ranked #2 in New Hampshire for the cheapest homeowners insurance for high-value homes.
$5,353
3. State Farm
In 2020, State Farm ranked #3 in New Hampshire for the cheapest homeowners insurance for high-value homes.
$5,774
4. MetLife
In 2020, MetLife ranked #4 in New Hampshire for the cheapest homeowners insurance for high-value homes.
$5,810
5. Farmers
In 2020, Farmers ranked #5 in New Hampshire for the cheapest homeowners insurance for high-value homes.
$6,203
Best Homeowners Insurance Companies if You Have a Pool
A pool can be a great add-on to your property as you can relax in it after working hard during the day. However, it can drive up your house’s maintenance costs and home insurance premiums. Travelers is the best homeowners insurance option in New Hampshire for pool properties with an average dwelling cost of $250,000. Its average annual price is $721.
Cheapest Homeowners Insurance for Pool Home
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 in New Hampshire for the cheapest homeowners insurance for homes with a pool.
$721
2. Farmers
In 2020, Farmers ranked #2 in New Hampshire for the cheapest homeowners insurance for homes with a pool.
$810
3. Nationwide
In 2020, Nationwide ranked #3 in New Hampshire for the cheapest homeowners insurance for homes with a pool.
$812
4. Allstate
In 2020, Allstate ranked #4 in New Hampshire for the cheapest homeowners insurance for homes with a pool.
$947
5. State Farm
In 2020, State Farm ranked #5 in New Hampshire for the cheapest homeowners insurance for homes with a pool.
$972
Cheapest Home Insurance in New Hampshire if You Have Poor Credit
Carriers also use your credit score to determine your home insurance price in New Hampshire. Insurance companies may use this factor to gauge whether homeowners would be able to pay their premiums without fail. Making timely debt payments can help you maintain a good credit score. In New Hampshire, Farmers is the most affordable option for homeowners with poor credit. Its average annual rate is $1,289 for an average dwelling cost of $250,000.
Cheapest Homeowners Insurance for Poor Credit
Company
Amountper year
1. Farmers
In 2020, Farmers ranked #1 for the cheapest homeowners insurance for owners with poor credit in New Hampshire.
$1,289
2. Nationwide
In 2020, Nationwide ranked #2 for the cheapest homeowners insurance for owners with poor credit in New Hampshire.
$1,343
3. Travelers
In 2020, Travelers ranked #3 for the cheapest homeowners insurance for owners with poor credit in New Hampshire.
$1,382
4. Amica Mutual
In 2020, Amica Mutual ranked #4 for the cheapest homeowners insurance for owners with poor credit in New Hampshire.
$1,484
5. MetLife
In 2020, MetLife ranked #5 for the cheapest homeowners insurance for owners with poor credit in New Hampshire.
$1,824
How to Get Homeowners Insurance Quotes in New Hampshire
To acquire home insurance in New Hampshire, you need to give some basic personal information to the carrier. Plus, you need to inform them about your house’s worth, the value of your possessions and any extra features like solar energy panels. You might consider medical payments coverage to protect you against a lawsuit involving guests who suffer an injury in your home. The insurance provider will prepare your quote based on your responses to their questions.
Compare Home Insurance Rates
Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.
Other Considerations for Homeowners Insurance in New Hampshire
Your homeowners insurance costs in New Hampshire also depend on the weather risks, crime rate and average home value in your area. Ideally, you should prepare for emergencies by getting coverage from hazardous weather conditions.
New Hampshire is a relatively safe place as it ranks last among all U.S. states and Washington D.C. for crime incidents. As per FBI statistics, there were 2,349 violent crimes and 16,935 property crimes in the state in 2018. New Hampshire ranks 15th for home value, with an average property value of $290,163.
Do You Need Flood Insurance in New Hampshire?
New Hampshire ranks 16th for the risk of flood damage. About 64,900 — or 11.1% — of properties could potentially experience floods in this state. You can prepare if you get the government-run National Flood Insurance Program (NFIP) coverage. Additionally, explore the possibility of purchasing an extra private policy to boost coverage amounts.
Do You Need Hurricane Insurance in New Hampshire?
New Hampshire ranks last among all the U.S. states for hurricane risk. About 7,074 homes face the possibility of experiencing a category 3 storm. The average cost of repairing damage caused by a category 3 storm is $1,434 in this state. Check with your provider if you need to purchase separate flood and windstorm packages.
Methodology
MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in New Hampshire that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across New Hampshire. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
Sources
- AM Best. "Rating." Accessed August 27, 2020.
- Business Insider. "Here's the typical home price in every state — and what you can actually get for that money." Accessed August 10, 2020.
- FBI. "2018 Crime in the United States." Accessed August 10, 2020.
- First Street Foundation. "The First National Flood Risk Assessment Defining America’s Growing Risk." Accessed August 10, 2020.
- Flood Factor. "Find Your Home’s Flood Factor." Accessed August 10, 2020.
- Insurance information institute. "Facts + Statistics: Hail." Accessed August 10, 2020.
- Insurance information institute. "Facts + Statistics: Hurricanes." Accessed August 10, 2020.
- Insurance information institute. "Facts + Statistics: Wildfires." Accessed August 10, 2020.
- J.D. Power. "Homeowners’ Satisfaction with Property Claims Reaches Record High as Insurers Focus on Relationship Management, J.D. Power Finds." Accessed August 27, 2020.
- Verisk. "Wildfire Risk Analysis." Accessed August 10, 2020.