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? 

Average Home Cost in New Hampshire Average Annual Insurance Premium in New Hampshire
$263,600 $1,140

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
Portsmouth $477,035 Somersworth $248,633
Durham $404,987 Suncook $238,016
Salem $377,391 Rochester $228,594

Cheapest New Hampshire Home Insurance

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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:

HO-1

Basic

  • The simplest and least comprehensive type of homeowners insurance
  • Provides coverage for a handful of potential problems including
    • natural disasters (storms, fires, wind, lightning, volcanic eruption), 
    • explosions, 
    • theft, 
    • damage from vehicles, 
    • or civil commotion. 
HO-2

Broad Form

  • Broad form homeowners insurance policies include all basic form coverage, plus protection from:
    • falling objects, 
    • damage from the weight of ice, snow, or sleet, 
    • freezing of household systems including HVAC and pipes, 
    • sudden and accidental damage to pipes and other household systems from artificially generated electrical current, 
    • accidental discharge or overflow of water or steam,
    • sudden and accidental damage. 
  • HO-2 policies typically cover both dwelling protection and personal property.
  • In some cases, broad form coverage may also include liability coverage. However, it still only covers the specific damages listed in the policy.
HO-3

Special Form

  • The most common form of homeowners insurance is known as a “special form” policy.
  • While HO-1 and HO-2 policies are “named peril” policies (meaning they only cover dangers that are specifically listed in the policy), HO-3 policies are “open peril” policies meaning they’ll cover all dangers except those specifically excluded in the policy documents.
HO-4

Tenant’s Form

  • HO-4 policies, also known as renters insurance, are for people who lease rather than own their homes. 
  • Tenant’s form policies typically cover all the same dangers as HO-2 policies. 
  • These policies include personal property coverage and liability coverage but don’t cover the physical structure of the house. 
  • Some HO-4 policies may also include loss of use coverage for the tenants.
HO-5

Comprehensive

  • Comprehensive form policies are usually the broadest and provide the highest level of coverage; not surprisingly, they also tend to be the most expensive type of homeowners insurance policies.
  • The biggest difference between HO-3 and HO-5 policies is that most HO-3 policies are “actual cash value” policies, whereas typically HO-5 policies are “replacement cost value” policies.
  • An actual cash value policy will only reimburse you for the actual value of a damaged or destroyed item, while a replacement cost value policy will reimburse you for however much it would cost to completely replace or repair the damaged or destroyed item (up to the coverage limits on the policy). 
  • HO-5 policies also provide personal property coverage against a wider range of dangers than the typical HO-3 policy. Many HO-5 policies also have extra coverage for high-value personal property, such as jewelry and artwork.
HO-6

Condo Form

  • Not surprisingly, condo form insurance is for condominium owners. HO-6 policies generally protect against the same types of dangers as HO-3 policies. 
  • They provide dwelling protection coverage with a twist: HO-6 policies cover the walls, floors, and ceiling of the condo unit but not the rest of the building. 
  • These policies also include personal property and liability coverage and may include loss of use coverage.
HO-7

Mobile Home Form

  • If you own a mobile home or manufactured home, you likely have an HO-7 policy. 
  • Mobile home form policies are typically identical to HO-3 policies, except they’re designed specifically for mobile and manufactured homes.
  • Like HO-3 policies, they provide dwelling protection coverage, other structures coverage, personal property coverage, liability coverage, and possibly loss of use coverage as well. 
  • HO-7 policies generally only protect the home when it’s stationary; if you plan to move your mobile or manufactured home, you’ll need to get a special policy to cover it while it’s in transit.
HO-8

Older Home

  • Older homes have generally been built to less stringent code standards than recently built homes, and so insurers have designed a specialized type of homeowners insurance policy for them. 
  • HO-8 policies often only cover the basic perils listed in HO-1 policies and generally apply to homes that are registered landmarks or otherwise deemed historic homes. 
  • Owners of registered landmarks are typically forbidden from making the updates to HVAC, electrical, and other parts of the home to enable them to qualify for a standard HO-3 policy, so an HO-8 policy is often the only option for them.

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

Insurance Company Average Annual Premium
Allstate $926
Concord $976
Encompass $1,591
Farmers $1,028

Cheapest Home Insurance for Houses Near the Coastline in New Hampshire

Insurance Company Average Annual Premium
Plymouth Rock $666
State Farm $1,541
Travelers $781
USAA $821

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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Browse, compare, and secure home insurance with Insurify today! 

Yep, it’s that easy.  

Updated August 13, 2020

Stephanie Shaykin is a seasoned writer and marketing professional with experience in real estate. With a true passion for brand storytelling and SEO, she breaks down the most complex copy into a pleasant experience for the reader. In her spare time, she enjoys creating art and cooking in her home base of Chicago, Illinois.