Cheapest Homeowners Insurance in Idaho (2024)


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Updated: May 22, 2024

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In Idaho, Mutual of Enumclaw stands out as the most budget-friendly home insurance provider, even for high-value homes and those with poor credit scores. However, Nationwide offers competitive annual premiums if you're insuring a new home and want to bundle with auto insurance.

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2024

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Why Trust MoneyGeek? MoneyGeek used information from the Idaho Department of Insurance and Quadrant Information Services to obtain data on insurance rates, discounts and more.

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These rates reflect the cheapest home insurance quotes in Idaho as of 2024.

Overall Cheapest Homeowners Insurance in Idaho

Looking for cost-efficient home insurance in Idaho? The cheapest provider is Mutual of Enumclaw, offering $100K in dwelling coverage at $482 per year. However, home insurance rates can fluctuate greatly depending on your dwelling coverage. Here's a snapshot of the cheapest options in Idaho for different coverages:

  • Cheapest for $100,000: Mutual of Enumclaw at $482 per year
  • Cheapest for $250,000: Mutual of Enumclaw at $862 per year
  • Cheapest for $500,000: Mutual of Enumclaw at $1,410 per year

Look at the cheapest home insurance options in Idaho by dwelling coverage using MoneyGeek's table below.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Mutual of EnumclawAnnual Premium$482
FarmersAnnual Premium$509
American FamilyAnnual Premium$531
NationwideAnnual Premium$546
Idaho Farm BureauAnnual Premium$1,082
AllstateAnnual Premium$1,104
State FarmAnnual Premium$1,110

Compare Idaho Home Insurance Quotes Online

It's best to check rates from multiple insurers to find cheap home insurance in Idaho. MoneyGeek's home insurance calculator lets you easily compare Idaho quotes without the need to provide your personal information.

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Jul 11, 2024

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Cheapest Home Insurance in Idaho for High-Value Homes

Mutual of Enumclaw provides the most affordable home insurance in Idaho, with $750K in dwelling coverage at an average of $1,927 annually. High-value homes can often expect higher insurance charges as dwelling coverage is the primary determinant of cost. See the most cost-effective options below:

  • Cheapest for $750,000: Mutual of Enumclaw at $1,927 per year
  • Cheapest for $1,000,000: Mutual of Enumclaw at $2,448 per year

Homeowners are encouraged to purchase dwelling coverage equivalent to their home's replacement cost, not merely the property value. Check out the table below for a more detailed look at these costs.

Data filtered by:Results filtered by:
Coverages:
Coverages:$750K Dwelling / $375K Personal Property / $500K Liability
Construction Year:
Construction Year:2000
Mutual of EnumclawAnnual Premium$1,927
American FamilyAnnual Premium$2,432
NationwideAnnual Premium$2,655
AllstateAnnual Premium$3,708
FarmersAnnual Premium$3,870
State FarmAnnual Premium$4,016
Idaho Farm BureauAnnual Premium$6,761

Cheapest Home Insurance in Idaho for New Homes

In Idaho, the most affordable home insurance for a new home with a coverage value of $100K in dwelling coverage is offered by Nationwide with an annual premium of $262. New homes in Idaho are cheaper to insure thanks to their modern architecture, construction quality and built-in safety features, leading to fewer claims than older properties.

With regard to other coverage values, see how Nationwide stands out:

  • The cheapest for $100K Dwelling Coverage: Nationwide at $262 per year
  • The cheapest for $250K Dwelling Coverage: Nationwide at $404 per year
  • The cheapest for $500K Dwelling Coverage: Nationwide at $665 per year

Explore MoneyGeek's comprehensive table for an in-depth understanding of costs depending on dwelling coverage for newly constructed homes. This analysis is especially valuable for Idaho residents navigating the home insurance landscape, with premium rates significantly influenced by the coverage values.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
NationwideAnnual Premium$262
Mutual of EnumclawAnnual Premium$282
American FamilyAnnual Premium$356
FarmersAnnual Premium$509
State FarmAnnual Premium$666
Idaho Farm BureauAnnual Premium$681
AllstateAnnual Premium$684

Cheapest Home Insurance in Idaho for Low Credit Scores

For Idahoans with low credit scores, the best deal on home insurance for $100K in dwelling coverage comes from Mutual of Enumclaw at $750 annually. Your credit score heavily influences rates as it assists insurers in evaluating the risk of non-payment. See the cheapest providers for varying coverages below:

  • Cheapest for $100,000: Mutual of Enumclaw at $750 per year
  • Cheapest for $250,000: American Family at $1,319 per year
  • Cheapest for $500,000: Mutual of Enumclaw at $2,193 per year

The dent of low credit score can be seen in average rates — those with poor credit pay an average of $514 more for the same home insurance compared to good credit holders for $100K in dwelling coverage.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Mutual of EnumclawAnnual Premium$750
American FamilyAnnual Premium$777
NationwideAnnual Premium$810
FarmersAnnual Premium$997
AllstateAnnual Premium$1,591
Idaho Farm BureauAnnual Premium$1,644
State FarmAnnual Premium$2,394

Cheapest Home Insurance in Idaho With a Claims History

Idaho homeowners with a single claim in the last five years will find Mutual of Enumclaw offers the most affordable home insurance, with average costs at $502 per year for $100K in dwelling coverage. It's important to know that a history of claims typically translates to higher future premiums, as insurers will deem you higher risk.

  • Cheapest for $100,000: Mutual of Enumclaw at $502 per year
  • Cheapest for $250,000: Mutual of Enumclaw at $898 per year
  • Cheapest for $500,000: Mutual of Enumclaw at $1,469 per year

Considering average costs, homeowners insurance in Idaho is $310 more costly for houses with two claims compared to claim-free homes, underscoring the value of keeping a clean claims record, especially for budget-conscious Idaho homeowners.

Data filtered by:Results filtered by:
Claims History:
Claims History:1 claim in past 5 years
Construction Year:
Construction Year:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Mutual of EnumclawAnnual Premium$502
American FamilyAnnual Premium$662
FarmersAnnual Premium$752
NationwideAnnual Premium$795
Idaho Farm BureauAnnual Premium$1,082
State FarmAnnual Premium$1,265
AllstateAnnual Premium$1,673

Cheapest Home Insurance in Idaho by Home and Roof Materials

The cost of your home insurance is highly influenced by your home's construction type and roof materials. In Idaho, the cheapest home insurance for a frame-constructed home with a shake-treated roof is provided by Farmers, costing an annual premium of $509. The reason for this cost is the increased risk associated with these types of materials — lower durability and higher vulnerability to environmental damages increase the likelihood of insurance claims.

Here are the least expensive insurance providers in Idaho for stated coverage values:

  • Cheapest for $100,000: Farmers at $509
  • Cheapest for $250,000: American Family at $906
  • Cheapest for $500,000: Mutual of Enumclaw at $1,550

It's worth noting the comparison in costs between different materials: choosing superior construction and a tile roof can lead to a $97 annual saving when compared to a frame construction with a shake-treated roof. In Idaho, your investment in better-quality construction will ultimately reduce your insurance costs due to lower risk.

Data filtered by:Results filtered by:
Home Construction Type:
Home Construction Type:Frame
Roof Material:
Roof Material:Shake-Treated
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
FarmersAnnual Premium$509
Mutual of EnumclawAnnual Premium$530
American FamilyAnnual Premium$533
NationwideAnnual Premium$592
AllstateAnnual Premium$1,082
Idaho Farm BureauAnnual Premium$1,082
State FarmAnnual Premium$1,110

Cheapest Home Insurance in Idaho by Deductible

Adjusting your deductible can potentially save you hundreds of dollars annually. In Idaho, the most affordable home insurance for a $2,000 deductible is from Mutual of Enumclaw, with an annual premium of $407. By comparison, the lowest price for a $500 deductible is American Family at $531 a year. To illustrate other deductible levels:

  • Cheapest for $2,000 deductible: Mutual of Enumclaw at $407 per year
  • Cheapest for $1,500 deductible: Farmers at $465 per year
  • Cheapest for $1,000 deductible: Mutual of Enumclaw at $482 per year
  • Cheapest for $500 deductible: American Family at $531 per year

In home insurance, a deductible denotes what you pay before insurance covers the rest, with an average variance of $59 across all insurers from a $500 to a $2,000 deductible.

Data filtered by:Results filtered by:
Deductible:
Deductible:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Mutual of EnumclawAnnual Premium$407
FarmersAnnual Premium$442
NationwideAnnual Premium$453
American FamilyAnnual Premium$498
Idaho Farm BureauAnnual Premium$962
AllstateAnnual Premium$1,045
State FarmAnnual Premium$1,066

Cheapest Home and Auto Bundle Insurance in Idaho

The most affordable company for a home and auto bundle policy in Idaho is Nationwide, offering an average premium of $1,622 per year. Bundling home and auto insurance with the same provider is a great way to save on costs.

  • Nationwide at $1,622 per year
  • Farmers at $1,723 per year

Beyond mere savings, bundling enhances convenience by managing both policies under a single insurer. Discover more about the best Idaho insurance bundle and harness these benefits.

NationwideAnnual Premium$1,622
FarmersAnnual Premium$1,723
State FarmAnnual Premium$1,832
AllstateAnnual Premium$2,016

Cheapest Home Insurance in Idaho by City

Farmers is the most affordable home insurance provider in the Idaho cities in our dataset, with annual rates from $464. Costs can widely differ between cities due to factors like local building codes, crime rates and risk of severe weather. It's crucial to shop around as insurance companies often adjust rates based on geographic variables.

Boise CityCheapest CompanyFarmersAnnual Premium$464
MeridianCheapest CompanyFarmersAnnual Premium$464

About Mark Fitzpatrick


Mark Fitzpatrick headshot

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.