Best and Cheapest Home Insurance in Idaho (2021)

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Introduction

When you think of Idaho, you may think of rivers, mountains, and farmland—and potatoes, since the state is the number one national producer of the crop. But it also provides 72 types of precious and semiprecious stones, which give it the official nickname of the Gem State.

Nearly 70 percent of Idahoans own homes, meaning affordable home insurance coverage is at the top of most people’s to-do lists. Whether you make your home in one of the state’s gorgeous wilderness areas or the hustle and bustle of a larger city like Boise, Idaho homeowners insurance can help pay to repair or replace your home or belongings.

Insurify compares different home insurance quotes in less than 60 seconds to make it easier for you to get the right home insurance coverage.

How to Get Affordable Home Insurance in Idaho

Buying a home in Idaho is a fulfilling experience, yet it can include a great deal of comparison shopping to get the best homeowners insurance. Protecting your property from natural disasters, theft, and other damage is a smart move for homeowners. 

Even though Idaho home insurance generally has average premiums lower than other states in the U.S., you must understand your policy options to ensure you’re getting the best coverage.

You also must learn what the best homeowners insurance companies are. Coverage options, customer satisfaction, and premiums are among the top considerations, whether you choose Farm Bureau, Allstate, Liberty Mutual, State Farm, or a local agent.

Let’s look at the different Idaho insurance carriers and compare average premiums by company.

Homeowners Insurance Quotes in Idaho by Company

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.

As of 2021, the average home insurance premium in Idaho costs $1,226 annually, and the median home value is $298,257.

Idaho consists of various landscapes ranging from riverside and lakefront property to mountains and farmland, and each area has its own threat of weather-related events. Because natural disasters can affect the cost of homeowners insurance, where you live can affect how much you pay.

Average Annual Homeowners Insurance Premium in Idaho by Company

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

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Home Insurance Rates in Idaho by City

Even though rising home prices are generally a good sign for homeowners, real estate costs can affect how much you pay for home insurance. Housing in Treasure Valley, Ada County, and Canyon County—including the cities of Boise, Meridian, and Nampa—has nearly doubled from 2013 to 2020. 

Like property costs, home insurance varies in price from city to city. Pricing is determined by variables related to ZIP code, 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 our annual premiums. 

Rates in Idaho 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 ZIP codes in Idaho for home insurance.

CityMedian Home Price
Star$393,813
Sandpoint$337,458
Rexburg$270,238
Payette$178,852
Blackfoot$175,429
Rupert$173,839

What Does Home Insurance Cover in Idaho?

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
HO-2: Broad Form
HO-3: Special Form
HO-4: Tenant’s Form
HO-5: Comprehensive
HO-6: Condo Form
HO-7: Mobile Home Form
HO-8: Older Home

Natural Disaster Insurance Coverage in Idaho

If you’re from Idaho, you’re probably already familiar with the natural disasters that can occur here. The two most common are wildfires and flooding. Homeowners may also experience damage from other natural or human-caused disasters.

Weather-related events and engineering disasters can disrupt your everyday life and cause significant damage to your home. The more disasters in an area, the more you can expect insurance rates to rise.

Because parts of Idaho are more prone to different disasters, your home’s location is a determining factor in your home insurance rates. Compare options from the best home insurance companies to find the coverage right for you.

Wildfires

Wildfires can be destructive, and, without insurance, significant financial loss from wildfire damage to your home and personal belongings is possible. Fortunately, homeowners policies typically cover damage from wildfires. However, it’s always best to check with your agent or insurance company to make sure your policy covers them. 

Flooding

Floods happen almost every year and are one of the state’s most commonly reported disasters. Remember, flooding may not be a covered loss in your home insurance policy: your dwelling coverage might specifically exclude flood-related damage. 

The National Flood Insurance Program can provide much-needed protection against water damage if you’re in a flood zone or suspect groundwater might rise and flood your home. If you live near one of Idaho’s many rivers or lakes, in an area with yearly snow runoff, or on flat ground with poor drainage, consider purchasing flood insurance as an add-on.

Mobile Home Insurance in Idaho

A mobile home can be a more affordable way to become a homeowner. When purchasing a mobile or manufactured home, you may not know that it needs a different type of insurance product than a typical regular home. An HO-7 policy for mobile home insurance in Idaho can offer similar protections to an HO-3 policy:

  • Structures
  • Personal property
  • Weather-related events
  • Accidental damage
  • Liability coverage
  • Loss of use

But not all insurers offer mobile home insurance. Since about 10 percent of homes in Idaho are mobile or manufactured homes, finding the right coverage is crucial. Because rates can vary wildly, use the best home comparison sites to check rates from different companies.

Fire Risk in Mobile Homes

Fire is a primary consideration when insuring a mobile home. Fire deaths are twice as high in mobile homes as in traditional homes, although newer homes tend to have a better track record for fire safety. 

Smoke detectors can provide an early warning of a fire to give you extra time to escape. Plus, a smoke alarm that also detects gas leaks or extreme temperature changes could reduce how much you pay for mobile home insurance.

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Special Home Insurance Situations in Idaho

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 Idaho.

Cheapest Home Insurance for Houses Near Fire Department in Idaho

If your home is within a certain distance from a fire department or fire hydrant your rates may decrease. The same applies for the opposite. If your home is far from fire safety, you may pay more for homeowners insurance.

Insurance CompanyAverage Annual Premium
Allstate$846
Farm Bureau$1,619
Grange$549
Metropolitan$1,300

Cheapest Home Insurance for Houses Less Than 20 Years Old in Idaho

The age of your home and its major systems may affect the policy rate you're quoted by insurance companies

Insurance CompanyAverage Annual Premium
American Family$584
Oregon Mutual$535
State Farm$1,999
Travelers$1,515

Enjoy the sunshine state even more knowing your Idaho property is protected from anything life may throw it's way.

How to Find the Cheapest Home Insurance in Idaho

Just like groceries or clothes shopping, you can find a good bargain on home insurance without sacrificing sufficient coverage to protect your property investment. Protect your home from water damage to burglars, and everything in between. With a little research and the right tools, you’ll be on your way to big savings.

Use Insurify to compare free quotes for home insurance premiums for your property in Idaho.

Idaho Homeowners Insurance FAQ

Do homeowners insurance companies offer bundling discounts in Idaho?

The cost of home insurance is a significant living expense for many homeowners. Most home insurance companies offer discounts if you purchase your home and auto insurance together. A typical American family can save up to $1,000 or more by bundling home and auto insurance. If you don’t need an auto policy, bundle RV, boat, or motorcycle insurance to qualify for a multi-policy discount.

How long does a home insurance claim take in Idaho?

If a fire, a natural disaster, theft, or vandalism damages your property, repairing or replacing your home and belongings is at the top of your mind. The worst part of filing a claim is waiting. Many factors influence how long it takes in Idaho, yet there are things you can do to speed up the process. Ask your insurer if the company prefers to send an adjuster or if they’d first like you to fill out a claim form to get the ball rolling. Complete inventories of damaged items, including dates of purchase, replacement costs, and descriptions of structural damage, are also helpful.

Should I get a separate flood insurance policy for my Idaho home?

You may need a flood insurance policy if your home is in an area at risk for floods. If you’re not sure or haven’t checked in a few years, it’s worth your time to contact your insurance agent to find out. The Federal Emergency Management Agency (FEMA) updated floodplain mapping in cities like Pocatello in 2018, removing 70 acres of floodplain along the Portneuf River. However, flooding is a regular occurrence in Idaho from snowmelt, ice or debris jams, riverine flooding, and flash floods, and many homeowners could benefit from a separate flood insurance policy.