Idaho Homeowners Insurance
- Idaho Homeowners: Which Companies Offer It?
- Idaho Homeowners Insurance: Rating Factors
- Best Homeowners Insurance By Company In Idaho
- Idaho Homeowners Insurance: What’s Covered?
- Idaho Homeowners Insurance: Which Insurance Company is the Most Affordable?
- Idaho Homeowners Insurance: Bundling Options
- Most Common Causes For Homeowners Loss and Claims (nationwide)
- Homeowners Insurance Rates By Company In Idaho
- Idaho Homeowners Insurance: Discounts Available
- Cheapest Homeowners Insurance (by city) In Idaho
- Idaho Homeowners Insurance: Frequently Asked Questions
- Idaho Homeowners Insurance: Need Homeowners In Another State?
- Idaho Homeowners Insurance: Ready To Bundle With Another Product?
Idaho Homeowners: Which Companies Offer It?
Homeowners insurance companies today are everywhere you look. There are literally hundreds of choices out there. So how do you choose the best company to protect your home? There are several factors to consider. We will look at ratings for each company, pricing, and coverage options as well. Below are just a few of the best options we think you should consider.
Did you just purchase a home in Idaho? We made it easy for you and listed a few companies that offer Idaho Homeowners Insurance!
| Homeowners Insurance Company | Is Homeowners Insurance Offered? |
|---|---|
| Allstate Corp. | yes |
| Farmers Insurance | yes |
| Travelers | yes |
| Auto-Owners | yes |
| Chubb | yes |
| State Farm | yes |
| Liberty Mutual | yes |
| USAA | yes |
| Nationwide | yes |
| MetLife Inc. | yes |
| American International | yes |
| American Family | yes |
| Progressive | yes |
| Hartford | yes |
Idaho Homeowners Insurance: Rating Factors
Rating factors for any kind of insurance can seem never ending. Homeowners insurance is no exception to this. How old a home is a big factor in making up the replacement cost of your home. In addition, roof design, age, and material of the roof can even determine your eligibility in obtaining insurance with some companies. The size of the home, as well as the structure, and property details such as the material of the exterior walls, and the type of construction of the home are high rating factors as well.
Wonder what kind of questions or factors affect your homeowners insurance rates? Here are some common factors that determine what your rate could look like.
| Idaho Homeowners Insurance Rating Factors |
|---|
| Home-based business |
| Value of home Replacement cost |
| Claims |
| Upgrades to Wiring plumbing |
| Location |
| Wood-burning stoves |
| Swimming pool or hot tub |
| Marital status |
| Credit history |
| Age of Home |
| Deductible |
| Home liability limits |
Best Homeowners Insurance By Company In Idaho
At times choosing an insurance company for the customer service provided over the rates offered is the best way to go. The saying “you get what you pay for” still rings very true today. Some of the top companies in the nation are provided below with a rating for each. USAA and State Farm stand at the top, followed by other large companies like Progressive, and Allstate.
Having a great and the best company to insure your home is so important! We have listed below some of those great and highly rated companies for your Homeowners insurance!
| Homeowners Insurance Company | AM Best Rating |
|---|---|
| Hartford Financial | A+ |
| American International | A- |
| Allstate | A+ |
| Progressive | A+ |
| Auto-Owners Insurance | A |
| MetLife | A- |
| USAA | A++ |
| Chubb | A |
| State Farm | A++ |
| American Family | A |
| Nationwide | A |
| Liberty Mutual | A |
| Farmers Insurance | A |
Idaho Homeowners Insurance: What’s Covered?
Learn More Here About Damage Causes that are Covered by a Homeowners Insurance Policy
Idaho Homeowners Insurance: Which Insurance Company is the Most Affordable?
As stated above, choosing the cheapest company is not always the best option for everyone. Some of these companies below are more popular than others, offering great customer service and coverage, but may not be at the top of the list being the cheapest. When this is the case, shop around, and consider using an insurance broker that can shop multiple companies with one phone call, or online request.
Just because you want the best coverages for you home, doesn’t mean you want to pay a whole lot. Here are some companies that have the best and lowest prices on Homeowners Insurance in Idaho!
| Homeowners Insurance Company | Rating Best to Worst in Affordability |
|---|---|
| American Family | 1 |
| MetLife Inc. | 2 |
| Chubb | 3 |
| Allstate Corp. | 4 |
| Progressive | 5 |
| Farmers Insurance | 6 |
| State Farm | 7 |
| Hartford | 8 |
| Auto-Owners | 9 |
Idaho Homeowners Insurance: Bundling Options
Bundling your insurance policies is the new craze! You can save hundreds by bundling your insurance policies with one company. Some companies may not offer all the products you need. While other companies may not be as cheap as other quotes. For example, one company may have a cheaper auto quote then a company you place your homeowners insurance with. When this occurs, see how much you can save by combining your business with one company. At times the savings with bundling can outweigh the overall savings of just getting a cheaper policy elsewhere.
You know bundling your home and auto can save you money! But did you know that you can bundle other things with your homeowners insurance and save? Look at some ideas below!
| Business |
| Health |
| Auto |
| ATV |
| Boat |
| Life |
| RV |
| Umbrella |
| Motorcycle |
Most Common Causes For Homeowners Loss and Claims (nationwide)
There are many causes for losses and claims to your home that can happen. The most common is typically property damage from water. Next is wind and hail. Fire, lightning, and theft are also top causes. These losses account for about 98%percent of claims. Homeowners insurance claims can indeed increase your premiums, and unfortunately it’s not possible to see in advance what your next quote would be with an added claim. Generally more minor incidents are less likely to increase your insurance rates.
By having homeowners insurance you are protecting yourself from the day to day unknown. There are so many things that can cause a loss to your home, so it’s good to be protected!
| Common Homeowners Losses and Claims |
|---|
| Vandalism |
| Loss of Use |
| Injuries |
| Theft |
| Power surge |
| Fire |
| Lightning |
| Hail |
| Water Damage |
| Wind |
Homeowners Insurance Rates By Company In Idaho
As mentioned before, choosing a company for your homeowners needs just for the price point is not always in your best interests. Prices vary so much for each company it is always a good idea to compare apples to apples. If one company has a $100 difference in price, or a $200 difference, compare the ratings for each company. How fast do they pay out claims, what do their customers say about them, and how long have they been in business for? These are just a few factors to consider.
(Certain companies may not be available in your state)
| Company | Home Owners ($250,000) |
|---|---|
| Auto-Owners Insurance | $1,279 |
| Liberty Mutual | $1,476 |
| Erie Insurance | $1,335 |
| Hartford Financial Services | $1,338 |
| Allstate | $1,300 |
| Travelers Companies Inc. | $1,337 |
| American International | $1,461 |
| Progressive | $1,285 |
| MetLife Inc. | $1,265 |
| Nationwide Mutual | $1,462 |
| State Farm | $1,399 |
| American Family Insurance | $1,462 |
| Farmers Insurance Group | $1,353 |
| USAA | $1,492 |
| Chubb | $1,534 |
Idaho Homeowners Insurance: Discounts Available
Everyone wants discounts where they can get them. Did you know that there are numerous ways you can get discounts on your homeowners insurance? How much can some of these discounts save you overall? Installing a fire alarm can save on average about 11%. Upgrading to a smart fire alarm system could save an average of about 12$! Upgrading or replacing your roof can also save about 12%, and bundling your home and auto policies with some companies can save up to 27%.
We have listed some below for you to check out!
| Idaho Homeowners Insurance Discount Opportunities |
|---|
| EFT |
| Upgraded plumbing |
| Paid in full |
| Claims Free |
| Smoke detector (monitored) |
| Non-smoking discount |
| Home monitoring / Bruglar |
| Auto water shut off or leak detection |
| Bundling Multiple Polices |
| New home discount |
| Upgraded roof |
| Loyalty |
| Gated comunity |
Cheapest Homeowners Insurance (by city) In Idaho
Have you ever wondered why rates vary per company? Your location or zip code plays a major factor in this. Where you live has a specific level or percentage of claims made each year. Maybe you live in a rural area that is prone to wildfires or unpredictable weather. Perhaps you live along a coastal area and frequently experience hurricanes, or other tumultuous weather. Insurance is also regulated by each state, which can definitely impact how your rates are calculated. Having a good understanding of how your homeowners rates work will help you refrain from worrying about some aspects you cannot control.
We wanted to help you see who has the cheapest Homeowners insurance rates in each city in Idaho. Check out your city and see who it is!
| City in Idaho | Homeowners Insurance Company |
|---|---|
| City | Price |
| Sandpoint | State Farm |
| Rupert | Allstate |
| Middleton | Travelers |
| Malad City | American Family |
| Aberdeen | Progressive |
| Filer | Travelers |
| Shelley | NationWide |
| Fort Hall | Allstate |
| McCall | Progressive |
| Kuna | Progressive (ASI) |
| Meridian | NationWide |
| Caldwell | USAA |
| Rexburg | Farmers |
| Heyburn | State Farm |
| Osburn | Travelers |
| American Falls | USAA |
| Lincoln | USAA |
| Marsing | Amica |
| Boise City | Travelers |
| Hailey | State Farm |
| Eagle | Farmers |
| Preston | Liberty Mutual |
| Rathdrum | Travelers |
| Orofino | Liberty Mutual |
| Nampa | Chub |
| Rigby | Progressive (ASI) |
| Coeur d’Alene | Progressive |
| Soda Springs | Liberty Mutual |
| Burley | American Family |
| Mountain Home AFB | State Farm |
| Driggs | USAA |
| Emmett | Allstate |
| Weiser | Progressive (ASI) |
| New Plymouth | Liberty Mutual |
| Ammon | Travelers |
| Blackfoot | Allstate |
| Hidden Springs | Liberty Mutual |
| Kellogg | Progressive |
| Spirit Lake | Allstate |
| Twin Falls | USAA |
| Montpelier | NationWide |
| Iona | Progressive (ASI) |
| Grangeville | Travelers |
| Jerome | Chub |
| Buhl | NationWide |
| Sugar City | Progressive |
| Bonners Ferry | Progressive (ASI) |
| Post Falls | Farmers |
| Priest River | USAA |
| Payette | State Farm |
| St. Anthony | USAA |
| Gooding | Allstate |
Idaho Homeowners Insurance: Frequently Asked Questions
How much is monthly home owners insurance in Idaho?
Prices vary per each company for homeowners insurance in Idaho. However, the typical homeowner will pay about $88 a month on average.
What happens if I don’t get homeowners insurance?
If you decided to take a pass on homeowners insurance you could be paying out of pocket to repair any kind of loss to your home. This could mean anything between broken windows, to a tornado, or a fire!
Is homeowners insurance required in Idaho?
The state of Idaho does not require homeowners insurance. However, Idaho experiences some interesting weather throughout the year that could amount to thousands of dollars of damage to a home without carrying homeowners insurance.
Idaho Homeowners Insurance: Need Homeowners In Another State?
Idaho Homeowners Insurance: Ready To Bundle With Another Product?
| Other Idaho Insurance Products |
|---|
| Auto Insurance Idaho |
| SR22 Insurance in Idaho |
| Motorcycle Insurance in Idaho |
| Liability Insurance in Idaho |
| Full Coverage Idaho Auto Insurance |
Last Updated on by Lauren Mckenzie