Best New Hampshire Homeowners Insurance Quotes (2024)

Regional insurer Vermont Mutual offers the cheapest rates for homeowners insurance in New Hampshire, with an annual rate of $733.

Janet Berry-Johnson
Janet Berry-Johnson
  • 8+ years writing about insurance, taxes, and personal finance

  • Certified public accountant

Janet applies her experience in personal finance, taxes, and accounting to make complex financial topics accessible. Her byline has appeared on numerous web media.

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Sara Getman
Edited bySara Getman
Sara Getman
Sara GetmanAssociate Editor

Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.

Outside of work, Sara is an avid reader, and loves rock climbing, yoga and crocheting.

Andrew Huang
Data reviewed byAndrew Huang
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Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

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Updated August 7, 2024

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Homeowners insurance in New Hampshire costs an average of $1,225 annually for a $300,000 policy, which is much lower than the national average of $2,377.

A standard home insurance policy covers damage from fire, theft, and certain natural disasters. But New Hampshire is prone to winter storms and heavy snow, so homeowners might want to look for policies that cover water damage and ice dams.

The best way to find affordable homeowners insurance is to compare multiple quotes, company discounts, and availability. Keep reading to learn more about home insurance in New Hampshire.

Quick Facts
  • Vermont Mutual, Amica Mutual, and Patriot Group are some of the cheapest home insurance companies in New Hampshire.

  • Flooding, severe windstorms, and winter conditions are some of the most common perils New Hampshire homeowners need their insurance to cover.

  • New Hampshire homeowners may want to consider adding a flood insurance policy to protect against flood damage.

Best home insurance companies in New Hampshire

The best home insurance company for you depends on your unique needs and circumstances. Some recognizable names, like Travelers and State Farm, offer affordable and reliable coverage for homeowners in the Granite State.

The table below includes other top choices to help you compare and select the best option for your home.

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
Amica Mutual8.2$736Cheap rates
Plymouth Rock AssuranceNR$896Tech-savvy homeowners
Travelers7.8$899High-net-worth homeowners
State Farm8.2$965Customer service
  • 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.

Best insurer for cheap rates: Amica Mutual

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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.
8.3/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
862
$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.
$126/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.
$198/mo

Amica Mutual is an excellent choice for cost-conscious homeowners, especially those looking for value without sacrificing quality. Amica is a mutual insurance company, meaning policyholders own the company rather than shareholders. It offers some of the lowest average rates in New Hampshire. In addition, Amica offers dividend policies, which return 5%–20% of your annual premium to you each year, on average.

Pros
  • Multiple discounts are available to help you save money

  • Option to upgrade to Platinum coverage for broader coverage

Cons
  • Dividend policies might have a higher up-front cost

  • Few physical offices in New Hampshire limit personal interactions

Best insurer for tech-savvy homeowners: Plymouth Rock Assurance

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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.
NR
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
812

Plymouth Rock Assurance is ideal for homeowners who value a technology-focused approach to managing their insurance coverage. The company allows you to manage your policy online or through a robust mobile app, where you can access policy documents, schedule payments, update your policy information, and report and track claims.

Pros
  • User-friendly mobile app and online tools for easy policy management

  • Option to customize policies to add coverage for utility service lines, home systems breakdown, and floods

Cons
  • Fewer discounts compared to some other insurance companies

  • A “C” rating from the Better Business Bureau (BBB) indicates issues with customer satisfaction

Best insurer for high-net-worth homeowners: Travelers

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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.
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.
$74/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.
$120/mo

Travelers is a good option for homeowners with high-value homes or multiple assets to protect because the company offers extensive coverage options you can tailor to meet your needs. Travelers also provides a network of local agents in New Hampshire, ensuring reliable and personalized service.

Pros
  • Offers a range of coverage options to customize your policy to fit your needs

  • AM Best financial strength rating of A++ (Superior), ensuring reliable claims processing and long-term security

Cons
  • Rating of 5 stars on Trustpilot, with many customers complaining of poor claims service

  • Additional coverages that high-value homes need can make your homeowners policy more expensive

Best insurer for customer service: State Farm

Compare personalized, real-time quotes
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.
9.3/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
$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.
$81/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.
$109/mo

State Farm is a good option for New Hampshire homeowners looking for a well-established insurance company with localized and in-person customer service. The company has an extensive network of local agents throughout New Hampshire, from Nashua, Manchester, and Concord in the south to Colebrook in the northern tip of the state. This makes it a great choice if you’re a first-time homeowner who needs more guidance when selecting coverages and limits.

Pros
  • Extensive coverage options tailored to meet your needs

  • User-friendly mobile app and online resources for easy policy management and claims filing

Cons
  • It can be more expensive than some local competitors

  • Limited number of discounts compared to some other insurance companies

Cheapest home insurance in New Hampshire

If affordability is your top concern, Vermont Mutual offers the cheapest home insurance in New Hampshire. Remember that your premiums may vary depending on your home’s location, its unique characteristics, and the type of homeowners insurance policy you select.

The following table highlights the state’s most budget-friendly home insurance options for a $300,000 policy to help you find the best fit for your needs.

Insurance Company
Average Annual Premium
Vermont Mutual$733
Amica Mutual$736
Patriot Group$861
Plymouth Rock Assurance$896
Travelers$899
State Farm$965
Concord Group$973
Safety Group$996
USAA$1,155
Commerce Group$1,219
Allstate$1,238
Preferred Mutual$1,346

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Cost of homeowners insurance in New Hampshire

In New Hampshire, homeowners insurance costs an average of $1,225 per year for a $300,000 policy. Factors influencing premiums include the home’s ZIP code, age, and construction type. Homes in areas prone to severe weather may have higher premiums because snow, ice, and wind can increase the risk of claims.

Factors like your credit history, claims history, coverage limits, and deductibles can also affect your premiums.[1]

Cost of homeowners insurance by dwelling coverage amount

Higher dwelling coverage levels typically result in higher premiums, but they provide greater protection for your home. The more coverage you buy, the more the insurance company will charge to cover potential claims.

Below is the average cost of homeowners insurance in New Hampshire for several different levels of coverage for a policy with a $1,000 deductible.

Coverage Limit
Average Annual Premium
$100,000$571
$200,000$914
$300,000$1,225
$400,000$1,554
$500,000$1,872

Cost of homeowners insurance by deductible

A deductible is the amount you must pay out of pocket before insurance coverage kicks in for a covered loss. Choosing a lower deductible means higher premiums, as the insurance company takes on more risk. On the other hand, a higher deductible results in lower premiums because you assume a greater share of potential losses.

The table below illustrates how your choice of deductible affects the cost of a New Hampshire home insurance policy with $300,000 in dwelling coverage.

Deductible Amount
Average Annual Premium
$500$1,284
$1,000$1,225

How to get cheap homeowners insurance in New Hampshire

Here are a few strategies to help you save on your home insurance costs:

  • Bundle your policies. Many insurance companies offer multi-policy discounts for buying your homeowners policy and auto or life insurance from one company. Bundling coverage can result in discounts of anywhere from 5%–15%.[2]

  • Increase your deductible. Opting for a higher deductible can lower your premiums. Raising your deductible from $500 to $1,000 can cut up to 25% off of your insurance cost. Just remember this means you’ll pay more out of pocket in case of a claim.[3]

  • Improve your home security and disaster resistance. Many insurance companies offer discounts for installing security systems, smoke detectors, storm shutters, and other features, as these measures decrease the likelihood of claims. Check with your insurance agent to determine whether they offer these discounts and what you need to do to qualify.[2]

  • Maintain good credit. New Hampshire law allows insurance companies to pull credit history when deciding whether to insure a customer and when setting rates.[1] Insurance companies use credit history to assess risk; a better history indicates to an insurer that you’re less likely to file a claim. By maintaining good credit, you demonstrate reliability, which can lead to lower homeowners insurance rates.

  • Shop around. Comparing quotes from several insurance companies is the best way to find the best price on homeowners insurance. Rates vary significantly from company to company, even for the same coverage. By getting multiple quotes, you can find the most competitive rates for your unique situation and ensure you’re not overpaying for coverage.

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How much homeowners insurance do you need in New Hampshire?

If you take out a mortgage to buy your home, your mortgage company will require you to purchase a homeowners insurance policy. This coverage protects its investment in case of damage or loss.

Buying insurance might seem like a simple compliance exercise, but it’s essential to understand exactly what your policy covers when you buy it. Ensure the policy includes high enough dwelling coverage to rebuild your home and other structures in case of a total loss, personal property coverage for your belongings, and personal liability coverage to protect you against potential lawsuits.

You might also want to consider add-ons for any specific risks or exposures that apply to you or your home. For example, loss of use coverage can pay for your living expenses while your home is being rebuilt after a covered loss.

What are some of the biggest risks when owning a home in New Hampshire?

Owning a home in New Hampshire has some unique risks due to the state’s climate and geographical features.

  • illustration card https://a.storyblok.com/f/162273/150x150/0194b78427/weather-96x96-orange_043-flood.svg

    Flooding

    Flooding from rain, melting snow, and overflowing rivers can cause huge losses for New Hampshire residents. Severe flooding events, like the Mother’s Day Flood of 2006, cause extensive property damage. Standard homeowners insurance policies don’t typically cover flood damage. To protect yourself against this risk, you need to buy a separate flood insurance policy from a private insurance company or through the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA).

  • illustration card https://a.storyblok.com/f/162273/150x150/9775a33e0d/weather-96x96-yellow_030-snowflake.svg

    Severe winter storms

    New Hampshire’s harsh winters can bring heavy snowfall, ice storms, wind, and freezing temperatures. These conditions can cause roof collapses, ice dams, and water damage from melting snow. While most standard home insurance policies cover damage from winter storms, your home insurance company may deny claims if you don’t maintain heat in the home to prevent water damage from frozen pipes. It’s always a good idea to check with your insurance company to ensure you have adequate coverage for winter-specific risks.

  • illustration card https://a.storyblok.com/f/162273/x/a0c151e1ba/accidental-tearing-apart-cracking-etc.svg

    Windstorms and hurricanes

    Though less common, strong windstorms and remnants of coastal hurricanes can cause property damage from high winds and falling trees in New Hampshire. Standard homeowners policies usually cover windstorm damage, but your policy could contain specific exclusions or limitations. Review your policy and consider endorsements to cover wind-related perils if necessary.

New Hampshire homeowners insurance FAQs

Finding the right home insurance for you can be difficult. If you still have questions, check out the additional information below.

  • How much is home insurance in New Hampshire?

    Home insurance in New Hampshire costs $1,225 annually for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. But your rate will depend on several factors, including your ZIP code, age of your home, size of your home, and the coverage levels you choose.

  • Which company has the cheapest homeowners insurance in New Hampshire?

    For a $300,000 home insurance policy, Vermont Mutual offers the cheapest rates in New Hampshire, at an annual rate of $733, or only $61 per month. Other affordable options include Amica Mutual and Patriot Group, with respective annual premiums of $736 and $861.

  • Does New Hampshire require homeowners insurance?

    No, New Hampshire doesn’t require home insurance by law. But your mortgage company will require you to have a policy. Even if you’ve paid off your mortgage, it’s still important to protect your home and property. In the event of a natural disaster, fire, or burglary, home insurance can help cover the cost of repairs or replacement that you otherwise may not be able to afford out of pocket.

  • Is home insurance cheaper in NH?

    Home insurance in New Hampshire is fairly affordable compared to the U.S. annual average of $2,377. Compared to its New England counterparts, Massachusetts homeowners pay $1,863 annually, Vermont homeowners pay $918, and Maine homeowners pay $1,322.

Sources

  1. Casetext. "N.H. Code Admin. R. Ins 3303.01."
  2. III. "12 Ways to Lower Your Homeowners Insurance Costs."
  3. III. "Understanding your insurance deductibles."
Janet Berry-Johnson
Janet Berry-Johnson

Janet Berry-Johnson, CPA is a freelance writer with a background in accounting and income tax planning and preparation. She's passionate about making complicated financial topics accessible to readers. She lives in Omaha, Nebraska with her husband and son and their rescue dog, Dexter. Visit her website at www.jberryjohnson.com.

Sara Getman
Edited bySara GetmanAssociate Editor
Sara Getman
Sara GetmanAssociate Editor

Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.

Outside of work, Sara is an avid reader, and loves rock climbing, yoga and crocheting.

Andrew Huang
Data reviewed byAndrew HuangVP, Marketing & Analytics
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

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