The Best Cheap Homeowners Insurance in New Hampshire

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  • The Best Cheap Homeowners Insurance in New Hampshire

For such a tiny state, New Hampshire is spilling over in natural beauty. The autumn views are breathtaking, and the state is home to some of the best winter sports in the nation. It’s easy to enjoy the lakes, mountains, and more in the warmer months, too.

It would only be natural for homeowners in New Hampshire to want to protect their property. A homeowners insurance policy is the best financial safety net you can get to protect your home and belongings.

We break down what you need to know to find the best homeowners insurance in New Hampshire, including average New Hampshire homeowners insurance rates and which companies have cheap homeowners insurance in New Hampshire.

How Much is Homeowners Insurance in New Hampshire?

The average home insurance cost in New Hampshire is about $907 for $300,000 of dwelling coverage. New Hampshire homeowners insurance is relatively affordable, with an average cost much lower than most states. 

Regardless of how much coverage you need, you can likely get homeowners insurance for less than $1,000 a year, which isn’t so easy in many other states in the northeast. For instance, average rates in Massachusetts and New York are both over $1,300 per year.

Look at the table below for average New Hampshire homeowners insurance rates for different coverage amounts.

Average Home Insurance Cost in New Hampshire

Cost of House

Annual Premium







What Does Homeowners Insurance in New Hampshire Cover? 

Although the price of home insurance varies depending on your location, the coverage you receive in a standard homeowners insurance policy, formally known as the HO-3 form, should remain constant. When it comes to policy specifics for home insurance, New Hampshire residents will find their state is no different. New Hampshire home insurance policies are broken down into the following coverage areas:

Coverage A: Dwelling

Dwelling coverage financially protects the structure of your house. This includes the roof, walls, floor, patios, and more. Dwelling coverage also accounts for permanently attached fixtures of your home, like your air conditioner, wiring, and plumbing.

For many, dwelling coverage may be the first coverage that comes to mind when you think of a home insurance plan. The amount of dwelling coverage you need is based on the replacement cost of your home.

Coverage B: Other Structures

Other structures coverage covers features on your property that aren’t attached to your home. These include fences, gazebos, sheds, detached garages, pools, and more. Your other structures coverage limit is typically 10% of your dwelling coverage.

Coverage C: Personal Property

Personal property coverage safeguards your belongings. If your furniture, clothes, electronics, tools, jewelry, etc., are damaged by a covered peril or stolen, your personal property coverage will kick in.

A common personal property coverage limit is 50% of your dwelling coverage, but you can easily adjust this depending on how much stuff you have. You can also choose if you want replacement cost or actual cash value protection.

Coverage D: Loss of Use

Loss of use coverage applies if you’ve been forced to move out of your home after your property suffers covered damage. Your insurance provider can pay for temporary lodging, food, gas, and more through loss of use coverage while they repair your home. Common loss of use limits are around 20% to 30% of your dwelling coverage limit.

Coverage E: Personal Liability

Personal liability coverage is designated to protect your finances if someone suffers an injury for which you’re found liable. Your liability coverage can cover the injured party’s medical expenses and your legal fees if they take you to court.

Coverage F: Medical Payments

Medical payments coverage can cover minor injuries someone suffers on or around your property. It’s like liability coverage on a smaller scale. Liability limits are often in the hundreds of thousands of dollars, while medical payments limits are in the thousands of dollars.

It’s Time to Switch Your Homeowners Insurance

We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.

What is the Best Homeowners Insurance in New Hampshire?

The best homeowners insurance in New Hampshire can be found by comparing policies to find the best coverage for you at the right price. It’s hard to recommend a general best option since everyone’s insurance needs and personal situations differ.

You need to compare policies when shopping for coverage. Beyond getting quotes online, you may also want to contact a few companies to hear their customer service. You can also read online reviews and inspect their financial strength through Demotech, A & M Best, or another rating agency.

Some companies will be better for someone with a history of claims. Some companies will be better for someone that wants to bundle their home coverage with their car and RV policies. Still, some homeowners insurance companies will be better for someone with a new house versus someone with an old home. You need to shop around.

The companies with the most homeowners insurance policies in New Hampshire are:

  • Liberty Mutual
  • State Farm
  • Allstate
  • USAA
  • Farmers

In addition to these national carriers, Vermont Mutual is a popular insurance company in New Hampshire and the northeast. Consider including some lesser-known companies when shopping for quotes to see if there are any potential differences due to their market size, specialty, or something else.

Companies With Cheap Homeowners Insurance in New Hampshire

Based on our table below, it seems that Vermont Mutual has some of the cheapest home insurance in New Hampshire, followed by Travelers and Allstate. 

Premiums are a chief concern of any potential policyholder. Look at our table below to see some carriers with cheap homeowners insurance in New Hampshire.

Average Home Insurance Cost in New Hampshire for a $267,000 House

State Farm$906
Vermont Mutual$679

It’s Time to Switch Your Homeowners Insurance

We partner with the nation’s top homeowners insurance companies so you can get a custom policy at an affordable price.

Factors That Affect the Average Home Insurance Cost in New Hampshire

Before giving you coverage, homeowners insurance providers need to make sure offering you a policy is a financially viable decision on their end. They accurately assess your risk and determine how much to charge you through underwriting. 

To successfully underwrite, New Hampshire home insurance companies look at many factors that affect your premiums, some of the most significant ones being:

  • Home location
  • Home age
  • Home construction type
  • Home features

Despite its tiny Atlantic coastline, New Hampshire can experience effects from tropical storms and hurricanes from time to time, like much of New England. Residents can also experience serious snow and wind from mighty nor’easters. 

Insurers account for your risk of property damage from these occurrences, and heightened risk can increase your premiums. As a result, homes on New Hampshire’s coastline or flood zones may have higher rates. 

Older homes may also have higher premiums than newer ones. Insurers are wary of older houses because they’re more likely to have issues that lead to claims. Lesser resilience to severe weather, older roofs that can leak or fail, and greater chances of ventilation, plumbing, mold, and other issues raise red flags.

The construction style of your house influences your average home insurance cost in New Hampshire, too. Frame homes may have higher rates than masonry houses because they’re less sturdy and more prone to fire damage. 

Certain features on your property can raise your rates, such as pools, wood stoves, and trampolines. Alternatively, centrally monitored security systems, deadbolt locks, and wind mitigation measures may lower your premiums.

Mobile Home Insurance in New Hampshire

Mobile and manufactured homes are common dwellings in New Hampshire. They’re a low-cost way of enjoying the state’s natural beauty, but they need protection nonetheless. Instead of a standard home insurance policy, you need specific mobile home insurance in New Hampshire.

The most common form of homeowners insurance is the HO-3 policy, whose rates are represented by the numbers above. Mobile and manufactured homes require HO-7 policies. They are similar but contain a few stipulations specific to mobile or manufactured houses.

Fortunately, mobile home insurance in New Hampshire is often cheaper than HO-3 policies due to lower replacement costs. However, there may be a few more restrictions to getting a policy, such as age or construction guidelines

Is Homeowners Insurance Required in New Hampshire?

No, homeowners insurance isn’t required by law in New Hampshire. But, if you’ve financed your home with a mortgage, your lender will require you to have home insurance for the life of your loan.

Most people get a mortgage to buy a house. Since the lender then puts down most of the money for your property, they will want to protect the investment they’ve made, which is why they require homeowners insurance

If you don’t get home insurance on your own, your lender will force-place coverage on you. Force-placed insurance is more expensive and less comprehensive than standard home insurance, so it’s in your best interest to get and maintain your own property insurance in New Hampshire.

If you pay off your mortgage or never had one in the first place, no one will require you to get home insurance. But, a proper homeowners insurance plan is the best way to protect yourself and your finances from unexpected damage financially. If you want to avoid paying for worst-case scenarios out of pocket, it’s a good idea to maintain home insurance in New Hampshire.

How to Get Home Insurance Quotes in New Hampshire

Getting home insurance quotes in New Hampshire is easy with Clovered. You can get a quote entirely online and compare your options with several providers.

If you have questions or need any help along the way, our team of licensed agents would love to assist you. We’re available by phone at 833-255-4117 during business hours, or you can email us at [email protected]

We partner with some of the top-rated home insurance companies in New Hampshire. We’ve helped over 30,000 policyholders find coverage, and we’d be happy to help you with your home insurance quotes in New Hampshire. 

New Hampshire Insurance Agents

New Hampshire insurance agents can help you find the right coverage. There are two types of agents: captive and independent. Both will help you find a policy, but one may have more options for you than another.

Captive agents will shop only one carrier or company, while an independent insurance agent will compare options from several providers to find the best policy for you. Clovered is staffed by a team of licensed, independent insurance agents, which enables us to find you a policy from one of our many partners. We work with some of the best home insurance companies in New Hampshire.

It's Time to Switch Your Homeowners Insurance

We partner with the nation's top homeowners insurance companies so you can get a custom policy at an affordable price.

The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.

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