New Hampshire‘s picturesque autumn colors and cool summers are what visitors and locals appreciate about the state and why they stay for generations. Even the serene landscape comes with woes of winter’s bite. The Granite State has some of the longest and harshest winters, which can wreak havoc on your home. Whether living in Nashua or Manchester, you need to have an affordable home insurance policy to protect you from the unknown.
Homeownership comes with its expenses, and insurance coverage can set you back, depending on premiums. Thankfully, you have Insurify to help you find the best homeowners insurance in New Hampshire at the lowest price. Compare home insurance rates, coverage options, and insurance products with Insurify quickly and easily so you can enjoy your home with peace of mind.
How to Get Affordable Home Insurance in New Hampshire
So you’ve navigated the competitive housing market in New Hampshire. Homeownership is a significant investment of your life, and with anything comes risk. The good news is there are steps you can take as a homeowner to lessen the risk and protect your home to enjoy it for years to come.
The first step to protect your property from the bitter-cold winters and wailing winds of New Hampshire is homeowners insurance. Though it is not required by law, with home insurance, you get peace of mind and financial liability for your personal property from potential natural disasters, theft, or even vandalism. Different dwelling coverage levels are available depending on location, property types, personal liability, and other factors.
Want to find out the ways to save on your home insurance coverage? Keep reading our full guide on New Hampshire home insurance, the best homeowners insurance companies, and the best rates available.
Homeowners insurance quotes in New Hampshire by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2020, the average home insurance premium in New Hampshire costs $1,140 annually, and the median home value is $263,600
That’s a big chunk of dough. How can you be expected to pay all of these costs (vital as they are) and still provide for you and your family?
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Homeowners Insurance Quotes in New Hampshire by City
Like property costs, home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on your annual premiums.
Rates in New Hampshire can be relatively high or low compared to the national average; it all depends on which town you live in. Here are the most and least expensive New Hampshire ZIP codes in which to insure a home.
|Most Expensive Real Estate in New Hampshire||Cheapest Real Estate in New Hampshire|
Cheapest New Hampshire Home Insurance
What Does Home Insurance Cover in New Hampshire?
There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:
Mobile Home Form
New Hampshire Home Insurance Costs and Natural Disasters
Believe it or not, New Hampshire gets its fair share of natural disasters. Hurricanes and nor’easters come and wreak havoc on homes, leaving behind millions of dollars in damages due to wind or flooding. Your insurance premiums and covered loss largely depend on your home’s location and the type of home you live in. For example, if you live in an area prone to flooding, you may need to purchase separate flood insurance. That’s why it’s essential to first find out your insurance needs before talking to insurance agents. Home insurance companies all have different home insurance discounts depending on where you live, which could save you money in the long term.
New Hampshire Home Insurance Costs and Snow Damage
It’s no surprise that New Hampshire and its neighboring New England states such as Vermont and Maine get hit with long and snowy winters. Winter storms pile heavy snow on your house, which can cause damage to your home over time. Your home insurance rates depend on the area you live in and the amount of snow that area is prone to annually.
For instance, southern New Hampshire areas, like Concord, get an average of 60 inches of annual snowfall. On the other hand, northern New Hampshire areas, such as Bethlehem and Mount Washington, get an average yearly snowfall of 101 to 281 inches. Whether you decide to talk to Allstate or Liberty Mutual, it is important to discuss insurance coverage and premium costs with a local agent.
Buying a home is stressful enough—don’t let insuring it get in the way of enjoying your new property.
New Hampshire Homeowners Insurance FAQs
Why is home insurance so expensive in New Hampshire?
New Hampshire is prone to extreme weather patterns. Nor'easters and high annual snowfall cause damage, such as flooding, and wear on homes, making premiums higher. For example, New Hampshire's Mother's Day Flood of 2006 caused $25 million in damage. The high amount of claims and property damage can impact how much policyholders pay. That's why it's crucial to find out whether there are discounts available and whether bundling your home and auto insurance with the same provider is an option.
Does USAA insure homes in New Hampshire?
Yes, USAA insures homes in New Hampshire. Though USAA tends to have more expensive premiums than other home insurance companies, it is still an excellent choice for some. If you or a family member is a U.S. military member or veteran, you may qualify for USAA home insurance.
How long does a home insurance claim take in New Hampshire?
It varies, depending on the home insurance claim. While it may vary, it's best to file a claim as soon as possible to ensure a claim is processed as quickly as possible. Payment is more straightforward. Insurers must pay all or a portion of a home insurance claim within five days from the date agreed upon with an insured party or from the insured's documentation.
Does homeowners insurance cover flooding in New Hampshire?
No. New Hampshire homeowners insurance policies do not cover flood damage. Flooding is a common occurrence in New Hampshire. If you live in a flood zone or are worried about flooding in your area, you should purchase separate flood insurance.
Special Home Insurance Situations in New Hampshire
Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in New Hampshire.
Cheapest Home Insurance for Houses Near a Fire Department in New Hampshire
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Cheapest Home Insurance for Houses Near the Coastline in New Hampshire
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Conclusion: How to find the cheapest home insurance in New Hampshire
The biggest payoff from living in New Hampshire is the beauty and wonder of the Northeastern landscape, especially in warmer months. Those long winter months don’t have to mean you pay an arm and a leg for homeowners insurance. With a little research and the right tools, you’ll be on your way to significant savings.
Use Insurify to compare home insurance premiums for your property in New Hampshire.
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