5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
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Idaho residents pay an average of $1,636 per year for a home insurance policy with a $1,000 deductible and $300,000 in dwelling coverage, according to Insurify data. This is lower than the national average of $2,377 per year for the same coverage.
If you shop around, you can find a great deal on home insurance in the Gem State. Since Idaho ranks fifth in the country for earthquakes, you may want to invest in earthquake insurance in addition to standard coverage.[1] Here’s what you need to know about comparing homeowners insurance quotes and finding coverage in Idaho.
Quick Facts
American National, American Family, and Mutual of Enumclaw offer the cheapest home insurance coverage in Idaho.
As you shop for a homeowners insurance policy in Idaho, consider the risk of earthquakes, floods, and storms.
Homeowners in Boise and Caldwell enjoy the cheapest premiums in the state.
Best home insurance companies in Idaho
Idaho homeowners have many choices when it comes to home insurance policies. To determine the best policy for your unique situation, zero in on your budget, coverage preferences, and risk tolerance. Below are four of the best homeowners insurance companies to help you start your search.
Insurance Company
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual Premium
Best For
American National
NR
$493
Cheapest rates
American Family
8.6
$828
New homes
Nationwide
8.4
$1,124
Earthquake protection
Travelers
7.8
$1,129
Green homes
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.0/10
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$40/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$67/mo
If your goal is to secure the lowest homeowners insurance rates in Idaho, American National might be your best option. This home insurance company offers annual premiums of $493, which is far less than the cost of other Idaho home insurers, with rates that exceed $1,000. In addition to cheap coverage, American National offers annual reviews so you can ensure you always have sufficient coverage.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.1/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
840
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$62/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$96/mo
There’s no shortage of new construction in Idaho. If you live in a new home in the Gem State, you may score a discount from American Family Insurance. The company’s “age of home” discount is specifically designed for properties that are less than 15 years old. You can quickly receive a quote online and choose from a number of add-ons, like equipment breakdown coverage, credit theft protection, hidden water damage coverage, and a diminishing deductible.
Pros
Can get a quote online
Variety of add-on coverages available
Cons
Must work with an insurance agent to finalize your policy
Below-average J.D. Power customer satisfaction rating
Best insurer for earthquake protection: Nationwide
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.7/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$93/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$143/mo
Since Idaho is at high risk for earthquakes, you might benefit from earthquake coverage from Nationwide. The earthquake policy comes with a separate deductible, which you’ll need to cover if you file a claim. Nationwide also offers flood insurance, coverage for high-value items, and identity theft protection. You can get a quote online and work with a local agent to find out more information about a policy and finalize your coverage.
Pros
Add-on coverage includes protection against credit card fraud
Smart home technology program helps protect homes from water damage and comes with a policy discount
Cons
Below-average J.D. Power customer satisfaction rating
May be able to find lower homeowners insurance rates elsewhere
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
829
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$91/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$145/mo
Idaho is home to NeighborWorks, a non-profit Energy Star Certified builder in the state. If the Leadership in Energy and Environmental Design (LEED) program considers your property a “green home,” you may save up to 5% on your home insurance with Travelers. The company also provides a unique green home insurance policy that can cover the cost to repair, replace, or rebuild your home with eco-friendly materials following a covered loss.
Pros
Many optional coverages advertised
Local insurance agents in Idaho
Cons
Minimal discounts advertised
No coverage for manufactured or mobile homes
Find Cheap Home Insurance in Idaho
Compare quotes from the top 100+ insurance companies
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Based on 3,806+ reviews
4.8/5
Cheapest home insurance in Idaho
If you’re looking for the cheapest home insurance quotes in Idaho, American National is a good option because its average cost is $493 per year for $300,000 in dwelling coverage. This is a great deal when you consider that many of the top home insurance companies in Idaho charge annual premiums of $1,000 and up.
Here’s where you can find the most affordable homeowners insurance coverage in the Gem State.
Your rates will depend on various factors, such as your ZIP code, the age and size of your home, your deductible, your previous home insurance claims, and the cost of materials and construction.[2]
Cost of homeowners insurance by dwelling coverage amount
If you own a home in Idaho, you should ensure you have sufficient dwelling coverage to rebuild your property if a coverage loss damages it. Your home’s age, number of stories, square footage, and architectural style all influence the ideal amount of dwelling coverage.
A higher coverage level will lead to more expensive home insurance costs. This table shows how different dwelling coverage levels in Idaho can affect your annual home insurance premiums. Rates shown are for coverage with a $1,000 deductible.
Coverage Limit
Average Annual Premium
$100,000
$776
$200,000
$1,230
$300,000
$1,636
$400,000
$2,087
$500,000
$2,556
Cost of homeowners insurance by deductible
A home insurance deductible is your out-of-pocket cost for a covered claim before your home insurance kicks in and covers the rest. If you choose a higher deductible, you’ll pay lower rates. But make sure you have the savings or funds to pay higher out-of-pocket costs if you need to file a claim.
Here’s a look at how your deductible amount can affect your annual home insurance costs in Idaho. Rates shown are for a policy with $300,000 in dwelling coverage.
Deductible Amount
Average Annual Premium
$500
$1,715
$1,000
$1,636
How to get cheap homeowners insurance in Idaho
Follow these tips to land affordable home insurance in the Gem State:[3]
Look for discounts. Most homeowners insurance companies offer discounts to property owners in Idaho. Some of the most common discounts include a loyalty discount, safety alarm discount, and green home discount.
Bundle. If you have another insurance policy, like auto insurance, bundle it with your home insurance. You may score a good deal if you buy more than one policy from the same insurer.
Make your home safer. Some homeowners insurance companies offer discounts to policyholders who add safety features, such as deadbolt locks, burglar alarms, and smoke detectors, to their properties. It may make sense to invest in them for more competitive rates.
Change your coverage. Your Idaho home insurance policy isn’t set in stone. It’s a good idea to review it frequently and remove any add-ons or home insurance coverage options you no longer want or need.
Shop around. Home insurance policies vary greatly by insurance company. Do your research and compare rates, deductibles, add-ons, customer service, financial stability ratings, and other factors to find the best policy for your particular needs.
Shop for Idaho Home Insurance
Compare quotes from the top 100+ insurance companies
Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
How much homeowners insurance do you need in Idaho?
The state of Idaho doesn’t require home insurance to protect your property and personal belongings. But if you have a mortgage on your home, your mortgage lender or company will require you to have it.
Before you agree to homeowners insurance coverage in Idaho, read the policy terms carefully so you understand what your policy covers. Otherwise, you may face unwanted expenses down the road.
Talking with an insurance agent can help you determine the exact coverage levels you need, but you should insure your home for at least 80% of its replacement cost so that you’re protected financially.
What are some of the biggest risks when owning a home in Idaho?
As an Idaho homeowner, you should prepare yourself for a few natural disasters that may affect your home, including:
Earthquakes
Idaho is at high risk for earthquakes, according to the Federal Emergency Management Agency. To protect your property from earthquakes, you might want to invest in an additional earthquake policy, as standard home insurance won’t apply.
Floods
Floods are another common occurrence in Idaho. Standard home insurance won’t pay for flood damage, so it may make sense to buy a separate flood insurance policy through the National Flood Insurance Program or a private insurance company.
Thunderstorms and lightning
Idaho is no stranger to thunderstorms and lightning. Fortunately, standard home insurance usually covers certain causes of storms, like lightning, hail, and wind.
Idaho homeowners insurance FAQs
If you’re shopping for home insurance coverage in Idaho, this additional information may help as you research your coverage options.
How much is home insurance in Idaho?
Home insurance in Idaho costs an average of $1,636 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, Insurify data shows. But your rates will vary depending on many factors, including your ZIP code, the age of your home, the size of your home, and the coverage levels you choose.
Which company has the cheapest homeowners insurance in Idaho?
American National has the cheapest homeowners insurance in Idaho, with annual premiums of $493. Other affordable insurers include American Family and Mutual of Enumclaw, with respective annual premiums of $828 and $913.
Does Idaho require homeowners insurance?
No. Idaho doesn’t require homeowners insurance, but your lender will require it if you have a mortgage on your home. Even if you don’t have a mortgage, you should carry home insurance to protect your home if something damages or destroys it and you have to make extensive repairs or rebuild. Without home insurance, you’d be on the hook financially for all the repair costs.
Does Idaho have FAIR Plan insurance?
No. Idaho doesn’t have FAIR Plan insurance. Available in 30 states and Washington, D.C., a Fair Access to Insurance Requirements, or FAIR, Plan is a state-managed program that provides coverage to homeowners who might not qualify for a standard policy.
Anna Baluch is a Cleveland-based personal finance and insurance expert. With an MBA from Roosevelt University, she enjoys writing educational content that helps people make smart financial decisions. Her work can be seen across the internet on many publications, including Freedom Debt Relief, Credit Karma, RateGenius, and the Balance. Connect with Anna on LinkedIn.
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
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American National
American Family
Nationwide
Travelers
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