Average Costs and Cheapest Homeowners Insurance Companies in New Hampshire

Homeowners insurance in New Hampshire costs an average of $898 per year. The most affordable provider in the state is Travelers, at an average annual cost of $728.

These rates apply to MoneyGeek’s sample home and policy. We also determined the average costs for different types of homes and New Hampshire residents across different backgrounds.

Insurance Rates

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Last Updated: 6/26/2022
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The cheapest homeowners insurance in New Hampshire depends on your coverage needs and other factors. For instance, Allstate is the most affordable insurer for expensive homes, while Nationwide is the cheapest for newer homes. If you have poor credit, Farmers is the cheapest, while Travelers offers the lowest rates for homes with pools.

MoneyGeek analyzed thousands of quotes in New Hampshire to determine the average rates of homeowners insurance in the state and ensure that you find the cheapest provider for your needs.

If you’re looking to balance affordability with a strong service experience, MoneyGeek also scored the best home insurance companies in New Hampshire.

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The Cheapest Homeowners Insurance in New Hampshire

The Cheapest Homeowners Insurance Quotes in New Hampshire

MoneyGeek calculated the average cost of home insurance for different dwelling coverages in New Hampshire by collecting quotes from various insurers. The best cheap homeowners insurance in New Hampshire for a baseline coverage of $250,000 is Travelers, at an average cost of $728 per year.

The cheapest option varies across each dwelling coverage, including:

  • Cheapest for $100,000: Farmers
  • Cheapest for $250,000: Travelers
  • Cheapest for $500,000: Travelers

The amount of dwelling coverage you need in New Hampshire depends on your home’s replacement cost. Toggle the parameters in the table below to compare rates across different dwelling coverage amounts.

CHEAPEST HOMEOWNERS INSURANCE BY DWELLING COVERAGE

Dwelling Coverage:

$250,000

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How Much Homeowners Insurance Costs in New Hampshire on Average

The amount you'll pay for homeowners insurance depends on the level of dwelling coverage you purchase. For baseline dwelling coverage of $250,000, the average cost of homeowners insurance in New Hampshire is $898 per year.

Policies with a higher dwelling coverage offer higher protection against damages to your home. However, they also feature higher premiums. For instance, New Hampshire residents pay an average of $458 for dwelling coverage of $100,000 and $9,452 for a coverage level of $3,000,000. That's a difference of $8,994.

AVERAGE COST OF HOMEOWNERS INSURANCE BY DWELLING COVERAGE

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  • Dwelling Coverage
    Average Annual Premium
  • $100,000
    $468
  • $250,000
    $898
  • $500,000
    $1,642
  • $750,000
    $2,401
  • $1,000,000
    $3,146
  • $2,000,000
    $6,274
  • $3,000,000
    $9,452

Find the Cheapest Homeowners Insurance in New Hampshire With MoneyGeek’s Calculator

Several factors affect homeowners insurance costs in New Hampshire, including your property’s age, dwelling value, location, presence of a pool and having an aggressive dog breed. The carrier will also assess area-related risks and your individual circumstances to determine your quote.

To see how the average cost of homeowners insurance in New Hampshire changes, you can adjust the dwelling coverage limits, deductible and other limits in the MoneyGeek calculator.

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Home Insurance Calculator

State

New Hampshire

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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on average

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These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Companies for Expensive Homes

To find the cheapest homeowners insurance in New Hampshire, MoneyGeek evaluated thousands of quotes across the state.

Our analysis revealed that the most affordable coverage for residents with expensive homes and for a policy with $2,000,000 dwelling coverage, on average, are:

  • Allstate: $5,353 per year
  • State Farm: $5,774 per year

USAA featured the lowest rates, on average, at $4,837 per year. However, we chose to not include this provider in our rankings, as its policies are exclusive to individuals with a military background.

Homeowners insurance rates vary across different coverage amounts and individuals. You can find the cheapest rates in New Hampshire by comparing quotes across various insurers.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR HIGH-VALUE HOMES

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The Cheapest Homeowners Insurance Companies for Newer Homes

If you have a newer home, MoneyGeek explored thousands of quotes from various insurers across New Hampshire to help you secure the cheapest policy for your needs. Our rates apply to a sample home built in 2015 and a policy with $250,000 dwelling coverage.

According to our research, the most affordable homeowners insurance policies in the state for newer homes with a baseline dwelling coverage of $250,000, on average, are:

  • Nationwide: $550 per year
  • Travelers: $563 per year

Rates in New Hampshire vary significantly depending on your home’s year of construction. For instance, there is an average annual difference of $217 between homes built in 2015 and those built in 2000.

Average costs of homeowners insurance in New Hampshire for homes built in 2000 vary from the first section due to a difference in the ZIP code collection process.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR OLDER HOMES

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The Average Cost of Homeowners Insurance in New Hampshire for Newer Homes

Insurance for newer homes costs an average of $676 per year. However, this rate is lower than the homes built in 2000 by $217 per year.

Generally, older homes are more costly to insure than new ones because they cost more to rebuild or repair. These homes may have been built using older materials that wear out and are too costly to replace.

AVERAGE COST OF HOMEOWNERS INSURANCE BY HOME AGE

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  • Year of Construction
    Average Annual Premium
  • 2015
    $676
  • 2000
    $892

The Cheapest Homeowners Insurance Companies in New Hampshire if You Have a Pool

While determining the most affordable homeowners insurance in New Hampshire, MoneyGeek compiled thousands of quotes to identify the cheapest options for homes with pools.

On average, the best insurers for residents with a pool and a baseline dwelling coverage of $250,000 are:

  • Travelers: $721 per year
  • Farmers: $810 per year

Having a pool makes your home expensive to insure because companies view the pool as a liability that increases the likelihood of injuries and accidents.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR HOMES WITH A POOL

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The Average Cost of Homeowners Insurance in New Hampshire for Pool Owners

Having a pool on your property can have a significant influence on your homeowners insurance rates. Fortunately, residents pay an average of $892 per year for homeowners insurance in New Hampshire, regardless of having a pool or not.

AVERAGE COST OF HOMEOWNERS INSURANCE WITH AND WITHOUT POOL

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  • Have a Pool?
    Average Annual Premium
  • With Pool
    $892
  • No Pool
    $892

Cheapest Home Insurance in New Hampshire if You Have Poor Credit

MoneyGeek also used thousands of quotes to determine low-cost homeowners insurance in New Hampshire for individuals with a poor credit score.

Our research revealed that the top two insurers with the lowest average rates if you have a dwelling coverage of $250,000 and a poor credit score are:

  • Farmers: $1,289 per year
  • Nationwide: $1,343 per year

If you have a poor credit score, you are more likely to pay higher premiums for your home insurance. Insurers use credit scores to determine the risk level for New Hampshire residents to predict the likelihood of customers filing a claim.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR POOR CREDIT

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The Average Cost of Homeowners Insurance in New Hampshire by Credit Score

While determining the average cost of homeowners insurance, insurance companies consider various factors, including your credit score. If you have a poor credit score, you will likely pay higher premiums for homeowners insurance. In New Hampshire, residents with good credit pay an average of $891 per year, while those with poor credit scores pay $1,855 per year — that’s a difference of about $964.

AVERAGE COST OF HOMEOWNERS INSURANCE BY CREDIT SCORE

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  • Credit Score
    Average Annual Premium
  • Poor
    $1,855
  • Below Fair
    $1,437
  • Fair
    $1,100
  • Good
    $891
  • Excellent
    $724

Cheap Homeowners Insurance Quotes in Your New Hampshire City

Homeowners insurance rates vary depending on where you live in New Hampshire. For a dwelling coverage of $250,000, MoneyGeek discovered that the cheapest insurance provider in Manchester is Travelers, with an average cost of $728, which is $170 lower than the average.

You can click on the city to know more about your insurance rates.

AVERAGE COST OF HOMEOWNERS INSURANCE BY CITY

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  • City
    Average Annual Rate
    Cheapest Company
    Average Annual Rate
  • Manchester
    $898
    Travelers
    $728

How to Get Cheap Homeowners Insurance Quotes in New Hampshire

To acquire a binding home insurance quote estimate from any insurer, you will need to provide all the information as requested, including the value of your possessions, the worth of your house and any extra features like pools and solar energy panels.

The insurance provider will prepare your quote based on how you answer these questions. You may also opt to purchase medical payments insurance to cover lawsuits involving guests who suffer an injury in your home.

To get home insurance estimates anonymously, you can use MoneyGeek’s New Hampshire home insurance calculator. We sourced these average rates from thousands of quotes within the state.

FAQs About Home Insurance Costs in New Hampshire

Home insurance costs in New Hampshire vary based on several factors, including your personal situation and the insurer.

Methodology

MoneyGeek analyzed homeowners insurance premiums from eight 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.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.