The Best and Cheapest Renters Insurance in New Hampshire for 2021: Rankings, Reviews and Rates

If you want the best renters insurance in New Hampshire, MoneyGeek is here to help. MoneyGeek ranked the top insurers in the state based on price, customer reviews and financial strength. This information will help you find the right policy for your needs at a price that doesn’t break the bank.


Cheap Renters Insurance Companies in New Hampshire

For most renters looking for renters insurance in New Hampshire, pricing is always a priority. There are several insurance companies offering various coverages that vary widely in price. USAA has the lowest rate in the state, but USAA insurance plans are only applicable to former and current military members and their families. Therefore, the cheapest policies in New Hampshire for most people are available from MetLife at around $82 per year, or Amica Mutual, with an average annual price point of $83.

Renters insurance rates gathered by Moneygeek are based on average rates across various ZIP codes in the state. These rates are for personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500.

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Best Renters Insurance Companies in New Hampshire

Pricing isn’t the only consideration in choosing the top renters insurance companies in New Hampshire. That’s why MoneyGeek’s rankings incorporate not just unique pricing data but also customer reviews from J.D. Power and financial strength rankings from AM Best. According to these criteria, the best widely available overall renters insurance provider in this state is Amica, with a score of 92 out of 100 points.

USAA receives top marks but is only available if you're a current or former military members.





User Satisfaction


Financial Stability

More About USAA

While they usually offer the lowest renters insurance rates in most states across the U.S., USAA’s insurance plans are exclusive to military members and their families. But for those who qualify, USAA’s renters insurance coverage in New Hampshire may be the best deal. Their standard renters insurance costs an average of $6 per month. Additional coverage for more specific needs may be added at an extra cost. USAA is on Fortune’s list of the most admired companies, primarily for its strong customer service and financial stability as an insurance provider.

Amica Mutual




User Satisfaction


Financial Stability

More About Amica Mutual

In New Hampshire, Amica offers cheap rates but also an excellent customer service experience. Renters can save even more when they pay their premium with automatic discounts or receive policy information and bills electronically.





User Satisfaction


Financial Stability

More About MetLife

According to MoneyGeek’s overall ranking of the best renters insurance in New Hampshire, MetLife ranks highly in overall scores for affordability, customer service and financial strength. MetLife offers specialty insurance packages for electronics, sports gear, musical instruments and other luxury items. Renters can save money by bundling their renters insurance with car insurance. With MetLife, you can keep adding layers of coverage depending on what you need.





User Satisfaction


Financial Stability

More About Allstate

Allstate might not offer the lowest renters insurance rates in New Hampshire, but they do provide a selection of discounts. Properties with existing security systems automatically get a 15% discount, while retirees can enjoy up to a $25 discount. Allstate is one of the biggest insurance companies in the U.S. They currently provide insurance to 16 million renters across the country.





User Satisfaction


Financial Stability

More About Farmers

A standard renters insurance package from Farmers comes with four basic coverages: personal possessions protection, personal liability, medical payments and additional living expenses. A basic policy costs around $10 monthly. They offer additional coverage at a cost, such as identity theft protection — which costs around $6.50 monthly — and coverage for premium items like jewelry and electronics. Online quotes are easy to secure online. Today, there are 10 million Americans with Farmers renters insurance.

Largest Renters Insurance Companies in New Hampshire

For renters looking for insurance plans, it is always wise to consider purchasing from larger and more stable companies, as this will give you more peace of mind that your claims will be paid. In New Hampshire, Liberty Mutual is the largest renters insurance company, followed by State Farm and Allstate.

  • Company
    Market Share
  • 1.
    Liberty Mutual
  • 2.
    State Farm
  • 3.
  • 4.
  • 5.
    Vermont Mutual

Average Cost of Renters Insurance in New Hampshire


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The average renter in New Hampshire pays $8 monthly for renters insurance. This is for personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500. This rate is about 38% lower than the monthly average U.S. renters insurance cost.

Since there are several renters insurance providers in New Hampshire, rates can fluctuate quite a bit. By getting the cheapest insurance plan in the state, you will save around $4 each month compared to using the most expensive company. Before you make a decision, make sure to shop around and compare quotes.

What Factors Impact Renters Insurance Cost in New Hampshire

Your renters insurance rate is dependent on many factors. Once you apply for insurance, the company will evaluate a few key pieces of information about you and your rental unit to determine your renters insurance rate.

  • Location: Your location is a key factor because different areas have varying rates of crime and inclement weather. Sometimes, insurers even vary their rates between individual ZIP codes within the same city.
  • Coverage Amount: Whether you want a basic renters insurance plan or more comprehensive coverage, the rates will vary considerably. Each coverage option you add will increase your premiums.
  • Deductible: Most renters have deductibles of at least $500. Renters who opt to pay a higher deductible will have lower monthly premium payments.
  • ACV vs. RCV: In case of an unforeseen incident, your choice of actual cash value (ACV) or replacement cost value (RCV) will dictate how your insurance company will reimburse you. ACV policies are cheaper because insurers only pay the depreciated value for your items, while RCV policies provide sufficient funds to buy new items of similar quality.
  • Credit Score: If you have a good credit score, you may enjoy a lower renters insurance rate than someone with outstanding unpaid debts. Some states do not allow insurers to consider a renter’s credit score, but New Hampshire does.

Renters Insurance in New Hampshire: What You Need to Know

In New Hampshire, 24% of all residents live in rental homes, paying around $1,150 monthly for rent. To secure personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500, you will only need to pay $8 monthly on average.

For a minimal monthly cost, renters can purchase renters insurance in New Hampshire and secure their personal belongings in case of an unforeseen calamity or break-in. Take note that your landlord’s insurance does not cover your personal belongings as a renter.

What Renters Insurance Typically Covers in New Hampshire

There is a wide range of renters insurance coverage in New Hampshire to match your needs. But the basic renters insurance policy typically includes the following coverages:

  • Personal property coverage for repair or replacement of your damaged personal belongings.
  • Liability coverage for third-party injuries or property damage that takes place in your rental.
  • Additional living expenses if you need to temporarily live elsewhere due to damages to your rental property.
  • Medical payments coverage for guests who injure themselves within your rental property.

What Renters Insurance Typically Does Not Cover in New Hampshire

Your standard renters insurance plan has certain limitations. Understanding these will help you better determine which coverage is best for your needs and what additional insurance you’ll need to purchase. The following perils are not covered in a typical renters insurance plan. Make sure you read your policy inclusions carefully to know what your insurer does and does not cover.

  • Any damage caused to the rental home’s structure is not covered. The rental home’s owner should have insurance to cover this. Your renters insurance is only for your personal belongings.
  • Damage to your personal belongings caused by flooding of natural causes is not covered. If you want flood insurance, you can purchase it through the National Flood Insurance Program (NFIP).
  • Damage to your property caused by an earthquake is not covered in standard renters insurance plans. Expensive items beyond the policy limits are also not covered.

FAQs About Renters Insurance in New Hampshire


Renters Insurance in New Hampshire Analysis: Methodology

MoneyGeek analyzed renters insurance premiums from seven of the top insurance companies in New Hampshire provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across New Hampshire. Quotes were gathered for policies with personal property coverage of $20,000, $50,000 and $100,000, liability coverage of $100,000 and a deductible of $500.

About the Author


The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers include mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.