Melanie is a blogger, author, and speaker specializing in personal finance and debt management. She’s also the author of the blog and book “Dear Debt.”
As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.
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The average cost of home insurance in New Hampshire is $127 per month, according to Insurify data. The exact rate you’ll pay for your policy depends on the coverage level you need, the type of home you buy, the materials used, your home’s age, and potential risks in your area.
For example, New Hampshire homeowners in areas prone to flooding should consider purchasing a separate flood insurance policy, as standard home insurance excludes flood coverage. Nationwide, Travelers, and Liberty Mutual offer some of the most affordable quotes in the state.
You’ll have several home insurance options to consider if you’re planning to buy a home in New Hampshire. Finding the right fit depends on your coverage needs, your home’s location, and your budget. Below are some of the top options for home insurance in New Hampshire.
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Best large insurer: Nationwide
Nationwide is a large insurer offering an array of insurance products. The company ranks 10th in market share for property and casualty insurance as of 2021, according to the National Association of Insurance Commissioners (NAIC).[1]
Nationwide received a score of 816 out 1,000 regarding overall customer satisfaction, according to the J.D. Power 2022 U.S. Home Insurance Study.[2] The average cost of home insurance for Nationwide in New Hampshire is $99 per month, according to Insurify data.
Pros
High customer satisfaction rating on ConsumerAffairs
Offers various discounts
Widely available
Cons
More affordable options exist for home insurance in New Hampshire
Brand New Belongings endorsement — an optional add-on that can repair or replace certain belowings after a covered loss — requires receipts and reimbursement
Has some negative claims reviews on Trustpilot
Best insurer for cheap rates: Stillwater
Stillwater offers the cheapest average homeowners insurance rates in New Hampshire, at just $70 per month. The provider has been around since 2000 and works with consumers in all 50 states.
Pros
Multiple deductibles and discounts available
Optional coverage, such as animal liability and identity theft expenses
Affordable premiums
Cons
Financial strength rating with A.M. Best under review[3]
3.03 out of 5 stars for customer reviews on Better Business Bureau[4]
Complaints about delays on Better Business Bureau[4]
Best for flood insurance coverage: Liberty Mutual Insurance
Some areas of New Hampshire have an increased risk of flooding.[5] Standard homeowners insurance doesn’t offerflood coverage, so homeowners at risk for flooding should consider purchasing a separate flood policy. Flood damage can be quite costly without proper coverage.
Liberty Mutual works with the National Flood Insurance Program (NFIP) to offer affordable flood insurance. The insurer scored 805 out of 1,000 points in customer satisfaction based on the J.D. Power 2022 U.S. Home Insurance Study, which is below average.[2] The company has been around for more than a century and provides many different insurance policies.
Pros
Offers affordable coverage
Has 3.9 out of 5 stars on ConsumerAffairs
Partners with the National Flood Insurance Program
Cons
Low customer satisfaction on Better Business Bureau[4]
Chubb is the best insurer for high-value homes in New Hampshire. The insurer received a score of 809 out of 1,000 in customer satisfaction in the J.D. Power 2022 U.S. Home Insurance Study, which is below average.[2]
Chubb offers unique options for people who want to protect their homes. For example, the company has extended replacement cost coverage, which can provide you even more coverage than your policy limits if that’s what it takes to rebuild your home.
Chubb Masterpiece homeowners coverage offers policyholders a cash settlement if there’s a qualified loss and you choose not to rebuild your home. Also, if you need to leave your home because of an issue that needs fixing, the company will help find appropriate and comparable accommodations for you.
Pros
High customer satisfaction with claims
Offers extended replacement cost that can exceed policy limits
A++ (Superior) financial strength rating from A.M. Best[3]
Cons
Premiums may be higher than other standard insurers
Online quotes aren’t available
You’ll need to work with an agent to buy a policy
Best regional insurance company: Plymouth Rock
Plymouth Rock serves six Northeastern states, including Connecticut, Massachusetts, New Hampshire, New Jersey, New York, and Pennsylvania. The average cost of home insurance in New Hampshire with Plymouth Rock is $98 per month.
Low customer satisfaction rating on Better Business Bureau[4]
Only available in six states
Received some customer service complaints on the Better Business Bureau[4]
Methodology
Insurify’s team of data scientists analyze millions of home insurance quotes, and weigh publicly available reviews, claims payout rates, complaint indexes, financial strength scores, company reputations, and proprietary quoting data. Our editorial team applies this insight to inform our unbiased reviews and recommendations.
How much is homeowners insurance in New Hampshire?
The total cost for home insurance in New Hampshire varies based on the location of your home, the home’s age and building materials, the type of policy you buy, potential risks, and various other factors.
It also depends on the insurance provider you work with. For example, Stillwater has the lowest home insurance premiums in New Hampshire, at just $70 per month. On the other hand, Safeco has the highest premiums, at $332 per month, based on Insurify data.
How your policy choices affect home insurance rates in New Hampshire
Your policy form
Home insurance policies come in various types, each covering a specific set of perils. A peril is a type of event that causes a loss. For example, a peril may refer to a fire, earthquake, flood, or theft.
It’s important to double-check what perils are actually covered as part of your home insurance policy and that you’re covering all your bases.
Some common home insurance policy forms include:
Basic form (HO-1): Consider this the bare-bones home insurance policy that only covers your property in the event it’s damaged from very specific named perils. These can include weather events such as wind, hail, and lightning, as well as vandalism, theft, civil unrest, fire, smoke, and more.
Broad form (HO-2): This is a step above the basic form policy and increases the list of covered perils. In addition to what the basic form covers, the broad form protects your property from falling objects, impacts from the weight of snow and ice, frozen pipe damage, and more.
Special form (HO-3): This type of coverage is very common and covers nearly all perils, aside from flood or earthquake coverage. Your personal belongings coverage may also be limited.
Comprehensive form (HO-5): You’ll get the most protections from the comprehensive form, which like the name suggests, is comprehensive and covers all perils aside from those specifically excluded. This type of policy covers the replacement cost for your belongings, instead of the actual cash value like HO-3, which can take depreciation into account.
Your coverage level
Another factor that affects your home insurance premium is the amount of coverage you buy. Home insurance coverage should be sufficient to rebuild your home if something happens. It’s important to note that what you pay for your home isn’t necessarily the same as the cost to rebuild.[6]
Homeowners in New Hampshire with $250,000 in dwelling coverage pay an average of $950 annually, while homeowners with $500,000 in dwelling coverage pay an average of $1,655 annually.
Keep in Mind
The higher the amount of coverage, the more you have to protect. Therefore, you’ll likely have higher premiums.
Your deductible
Homeowners insurance can protect you from the bulk of expenses caused by damage to your home, but you’re responsible for covering the deductible when you need to file a claim. The deductible is the amount that you pay before any type of insurance claim is paid out.
Opting for a lower deductible can result in paying more premiums. But if you can afford a higher deductible, your premiums will likely be lower.
How location affects home insurance rates in New Hampshire
How much you pay for home insurance in New Hampshire depends on many factors, especially your specific location. For example, premiums can vary not only by the city or town you live in but even by your ZIP code.
Living near a fire station, whether you’re at risk from any extreme weather events, the materials used to build your home, and other factors all affect your premium.
You can see the difference in average monthly premiums for a few major New Hampshire cities in the table below.
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.
What are the cheapest home insurance companies in New Hampshire?
If you’re looking for affordable rates on home insurance in New Hampshire, the three cheapest insurers are Stillwater at $70 per month, Travelers at $88 per month, and Plymouth Rock at $98 per month, based on Insurify data.
These three options, as well as Nationwide at $99 per month, are all lower than the average New Hampshire home insurance cost of $127.
Hippo and Midvale Home & Auto are close to the average cost of home insurance in New Hampshire, but Safeco is more than double the state’s average cost.
While these benchmarks can be helpful, remember that your unique situation and coverage needs will determine whether your rate is higher or lower than these averages.
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.
How much homeowners insurance do you need in New Hampshire?
Buying a home means that you’re likely taking out a mortgage — in other words, borrowing money to pay for a home — and your lender wants to protect the asset it’s helping you buy. Mortgage lenders generally mandate that you obtain homeowners insurance as part of the deal.[7]
Consider the value of your home, your home’s location, any risks like flooding, the materials used to construct your home, and your home’s age when determining how much coverage you need. Consider all optional coverage types that you may need, such as flood insurance.
Before buying a policy, compare quotes from multiple insurance providers so you can evaluate your options to find the best fit. Comparison shopping can also show you the range of average rates you might qualify for before choosing one that fits your needs.
What home insurance coverages should you buy in New Hampshire?
A home insurance policy includes various types of coverage, including the following:
Dwelling: This provides coverage for any damage to the structure of your house, as well as anything attached to it. Aside from the physical structure damage, some examples include plumbing, electrical systems, and HVAC systems.
Other structures: Parts of your house that aren’t actually attached to the dwelling can be covered under other structures coverage. For example, if a guest cottage in the back or any fencing gets damaged, this coverage can help.
Personal property: Personal property coverage protects your clothes, appliances, electronics, and any home furnishings that are damaged. Belongings are still covered even if they’re damaged away from your home.
Loss of use: If your home is damaged and unlivable while it needs repairs, this type of coverage will pay for additional living expenses to cover costs in the meantime.
Personal liability: This type of coverage can protect you if someone is injured in your home and decides to sue for damages.
Medical payments: This coverage helps pay for the medical bills of someone who is injured on your property. It may also help cover costs if someone needs medical attention because of an incident with your pet.
What optional home insurance coverages should you buy in New Hampshire?
It may be worth considering additional coverages to extend your home’s coverage if you live in a high-risk area or just want more comprehensive protection. Below are some common insurance add-ons for homeowners policies:
Flood insurance: You won’t be protected in the event of a flood under a standard home insurance policy. If you live in an area prone to flooding or just want to cover your bases, flood insurance can help. You can review options through the National Flood Insurance Program.
Water backup coverage: Some insurers, like Nationwide, offer water backup as an additional coverage option. This coverage will pay for any damages caused by a backed-up drain or sewer.
Identity theft coverage: This coverage can help if your identity is stolen. It covers the cost of lost wages, legal fees, and other related costs.
Business property coverage: This coverage can provide protection for any business items you keep in your home.
What are some of the biggest risks when owning a home in New Hampshire?
Some of the biggest risks of homeownership in New Hampshire include the following:
Flooding: Flood coverage is not part of a standard home insurance policy, and New Hampshire has some history with flooding. In fact, it’s the most common natural disaster in the state, according to the New Hampshire Department of Environmental Services.[8] You can find coverage through the National Flood Insurance Program.
Ice damage: Ice can cause damage to your home during the winter. This peril is generally covered as part of a standard home insurance policy, but be sure to check your policy to make sure you’re protected.
Wildfires: Though wildfires in New Hampshire may not be as common as on the West Coast, they still happen. Fortunately, a standard home insurance policy will cover fire damage to your home.
How can you save money on homeowners insurance in New Hampshire?
Here are some things you can do to save money on New Hampshire home insurance.
Bundle your home and auto insurance
Many insurance providers offer discounts for bundling multiple policies, such as your home and auto insurance. You may also be able to bundle pet insurance or renters insurance with an existing policy. Ask your agent or call a provider for details.
Increase your deductible
Increasing your deductible is a great way to reduce your premiums if you can afford it. Just know that you’ll pay more out of pocket if you file a claim, so be sure you can pay the amount.
Review all available discounts
Review all available discounts for each insurer to see what you may qualify for. You might even qualify for more than one discount and save money on your monthly premium.[9]
Comparison shop
Don’t just settle on the first insurer you find. Comparison shop to review multiple options. Checking out a minimum of three insurers can give you an idea of what options are available so you can find the best fit for your insurance needs.
Replacement cost is the total cost of reconstructing your home using the exact same building materials it had before. It doesn’t take into account any depreciation the way an actual cash value evaluation would.
You want to ensure you have the appropriate coverage levels to replace your home. Though this may be more expensive than actual cash value, it can provide more benefits since it won’t deduct depreciation. Below are some average home values and rebuilding costs for a few popular cities in New Hampshire.
City
Average Rebuild Cost
Concord
$435,833
Manchester
$263,991
Nashua
$350,437
New Hampshire home insurance FAQs
Here are answers to some commonly asked questions about home insurance in New Hampshire.
How much is home insurance a month in New Hampshire?
The average cost of homeowners insurance in New Hampshire is $127 per month, based on Insurify data. Purchasing secondary coverage like flood insurance can be a smart idea if you live in an area prone to flooding, but it can add to your total costs.
Is homeowners insurance expensive in New Hampshire?
Homeowners insurance isn’t very expensive in New Hampshire, coming in at $127 per month. This is more affordable than many other states, but your actual premium will depend on various factors, such as location, risk level, and the coverage types you need.
What are the three main types of homeowners insurance?
Your homeowners coverage may pay for damages through actual cash value, replacement cost, or extended replacement cost. Actual cash value covers the cost of rebuilding the home, minus any depreciation. Replacement cost covers costs without considering depreciation. Extended replacement cost covers costs without considering depreciation and typically offers higher limits than standard replacement cost coverage.
Does New Hampshire require homeowners insurance?
Though homeowners insurance may not be required by law in New Hampshire, if you’re taking on a mortgage to buy your home, the lender will likely require it. Home insurance is a smart investment, regardless of necessity, as it can financially protect you if something happens to your home.[10]
Which home insurance company has the highest customer satisfaction?
Amica has the highest ratings for customer satisfaction, according to the J.D. Power 2022 U.S. Home Insurance Study. The company offers a variety of discounts and savings for bundling your insurance.
New Hampshire Insurance Department. "Homeowners Insurance." Accessed March 11, 2023
Melanie Lockert
Melanie Lockert is the founder of the blog and author of the book, "Dear Debt." Through her blog, she chronicled her journey out of $81,000 in student loan debt. Her work has appeared on Allure, Business Insider, Credit Karma, Fortune, and more. She is also the co-founder of the Lola Retreat and host of the Mental Health and Wealth show podcast. She lives in Los Angeles and enjoys jazz music, traveling, coffee, and spending time with her two cats and partner.
As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.
