Idaho Homeowners: Which Companies Offer It?

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

Free Downloadable PDF

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 In-depth Info

When it comes to homeowners insurance in Idaho, it’s essential to understand the coverage options, factors affecting premiums, and how to find the right policy for your needs. Here’s a guide to help you navigate homeowners insurance in Idaho:

Coverage Options:

1. Dwelling Coverage: This covers the physical structure of your home against perils like fire, vandalism, and wind damage.
2. Personal Property Coverage: Protects your belongings, such as furniture, electronics, and clothing, against covered perils, even when they’re not in your home.
3. Liability Coverage: Offers financial protection if someone is injured on your property and sues you for damages.
4. Additional Living Expenses (ALE) Coverage: Covers living expenses if you’re unable to stay in your home due to a covered loss, such as temporary housing and food costs.
5. Medical Payments Coverage: Pays for medical expenses if someone is injured on your property, regardless of fault.
6. Optional Coverages: You may also have the option to add endorsements or riders for additional coverage, such as flood insurance, earthquake insurance, or coverage for high-value items like jewelry or art.

Factors Affecting Premiums:

1. Location: The location of your home, including proximity to fire stations, crime rates, and weather patterns, can impact your insurance premiums.
2. Home Characteristics: Factors such as the age of your home, its construction materials, square footage, and condition can affect your premiums.
3. Deductible: Choosing a higher deductible can lower your premiums, but it means you’ll pay more out of pocket in the event of a claim.
4. Claims History: Insurance companies may consider your claims history when determining your premiums. A history of frequent claims could result in higher rates.
5. Credit Score: In many states, including Idaho, insurance companies may use credit-based insurance scores to determine premiums. Maintaining a good credit score can help lower your rates.
6. Safety Features: Installing safety features such as smoke detectors, burglar alarms, and deadbolt locks can lead to discounts on your premiums.
7. Bundling Discounts: Some insurance companies offer discounts if you purchase multiple policies from them, such as bundling your homeowners and auto insurance.

Finding the Right Policy:

1. Compare Quotes: Get quotes from multiple insurance companies to compare coverage options and premiums.
2. Review Coverage Limits: Make sure the coverage limits and deductibles meet your needs and budget.
3. Consider Reputation and Customer Service: Research the financial stability and customer satisfaction ratings of insurance companies before making a decision.
4. Understand Policy Exclusions: Pay attention to any exclusions or limitations in the policy to ensure you have adequate coverage.
5. Work with an Independent Agent: An independent insurance agent can help you navigate your options and find the best policy for your specific needs.

By understanding the coverage options, factors affecting premiums, and how to find the right policy, you can make informed decisions when purchasing homeowners insurance in Idaho.

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

Criteria for Determining Eligibility for Home and Auto Insurance Discounts

• Good Credit Score
  A good credit score is one of the top criteria for determining eligibility for insurance discounts. Insurers often provide lower rates to individuals with strong credit histories, as it indicates responsible financial behavior.
  Key Benefit: Eligible for up to 20% in premium discounts.
  Call us at 1.888.445.2793 to check if your credit score qualifies you for discounts. Text Us
• Safe Driving Record
  Maintaining a clean driving record is crucial for unlocking auto insurance discounts. Drivers with no accidents or violations in the last three to five years often qualify for reduced rates.
  Key Benefit: Potential savings of up to 30% for safe drivers.
  Call us at 1.888.445.2793 to see how much you could save. Text Us
• Claims-Free History
  If you have not filed any claims in recent years, you may be eligible for claims-free discounts on both home and auto insurance. Insurers reward customers who have a low risk of filing claims.
  Key Benefit: Save up to 15% on premiums.
  Call us at 1.888.445.2793 to find out if your claims-free status qualifies you for discounts. Text Us
• Home Safety Features
  Installing safety features such as smoke detectors, burglar alarms, and fire sprinklers can help lower your home insurance premiums. These features reduce the risk for insurers, which translates into discounts for homeowners.
  Key Benefit: Discounts of up to 10% for home safety improvements.
  Call us at 1.888.445.2793 to discuss which safety features qualify. Text Us

Idaho Homeowners Insurance: Frequently Asked Questions

Idaho Homeowners Insurance: Need Homeowners In Another State?

Insurance varies greatly from state to state. Click on your state to find out more specifics about homeowners insurance.

AL AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY

Or If You’re Ready…

If you have all the information you need, get a homeowners quote now!

Get a Free Quote

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
Progressive Insurance in Idaho

Last Updated on October 31, 2024 by Marlon Moss