Key Takeaways
- Amica has the cheapest average homeowners insurance rate in New Hampshire at 62 a month.
- New Hampshire residents pay 50% less than the national average rate for home insurance.
When looking at home insurance policies side by side, you'll probably notice that their offerings are very similar. This is why you should consider policy cost and customer service or satisfaction when deciding which homeowners insurance company is best for your needs.
Our guide to the best home insurance providers in New Hampshire will help you get the coverage you need at the cheapest price.
In this article
New Hampshire's cheapest home insurance companies
Amica is the cheapest homeowners insurance company in New Hampshire, charging an average rate of $62 a month. Allstate is next, at $73 a month.
| Company | Average annual rate |
|---|---|
| Amica | $62 |
| Allstate | $73 |
| Vermont Mutual | $76 |
| Auto-Owners | $85 |
| State Farm | $88 |
| Travelers | $92 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
See how much you could save with a new home insurance policy
How much does home insurance cost in New Hampshire?
The average cost of homeowners insurance in New Hampshire is $79 a month. This is 50% cheaper than the national average home insurance rate of $159.
Home insurance providers consider different risk factors when calculating your quote. These include:
- Your ZIP code
- The age of your home
- Construction materials used
- The replacement cost of your home
- Your claim history
All standard homeowners insurance policies tend to offer the same coverage types, regardless of provider. Why the different costs, then? The main reason you see policies priced differently is because insurers put different weights on different risk factors.
For example, one provider may consider your ZIP code to be more of a risk than another company does. As a result, the practical way to find the best home insurance policy at your best price is to compare quotes from multiple providers.
Your policy deductible also affects your final quote. The deductible is the amount you agree to pay before your home insurance company pays the remainder of your claim. The higher your deductible, the cheaper your rate. The table below breaks down the average annual home insurance premium in New Hampshire compared to common deductible choices.
| Deductible | Average annual rate |
|---|---|
| $500 | $928 |
| $1,000 | $848 |
| $1,500 | $820 |
| $2,000 | $777 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Your dwelling coverage limit impacts what you pay for home insurance, too. As a general rule, you want enough dwelling coverage to pay for a complete rebuild of your home in the event of a total loss. When you calculate your dwelling coverage limit, keep in mind that you only need your home's rebuild cost, not your total property value.
The table below shows the average home insurance rate in New Hampshire based on different dwelling coverage limits.
| Dwelling coverage limit | Average annual rate |
|---|---|
| $200,000 | $722 |
| $350,000 | $1,002 |
| $425,000 | $1,171 |
| $500,000 | $1,346 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
New Hampshire's best home insurance companies
Of the largest homeowners insurance providers in New Hampshire, we found that Amica was the best overall choice, while Allstate offers the best discounts.
Amica: Best overall
Amica is the best option for New Hampshire homeowners who consider the most affordable rate their top priority. Amica offers an average rate of $62 a month, 22% cheaper than the state average rate of $79 a month.
Amica also holds the top place among the home insurance providers we looked at for customer satisfaction. In the 2023 J.D. Power Property Claims Satisfaction Study, Amica received a rating of 903 out of 1,000. This is well above the industry average of 874 and the highest of the insurers we surveyed. The higher the rating, the better in this case.
Allstate: Best home insurance discounts
Allstate has the second-cheapest average rate for homeowners insurance in New Hampshire, at $73 a month. It also offers a wide array of discounts that could lower your premium even more. These include:
- Multipolicy discount: Bundling your home insurance policy with an auto or life insurance policy through Allstate can save up to 25% on your insurance costs.
- Welcome and loyalty discount: Save 10% on your home insurance for switching to Allstate. You have this discount as long as you have your policy with Allstate.
- Early signing discount: Save up to 10% on your premium by signing up for a new home insurance policy at least seven days before the expiration of your current policy.
- Easy pay discount: Save 5% on your home insurance by setting up automatic payment.
- Claim-free discount: If you sign on with Allstate with no recent claims on your home insurance, you can save up to 20%.
Home insurance company satisfaction ratings in New Hampshire
How your home insurance company handles claims is as important, if not more so, than how much you pay for a policy. Doing some homework to understand the customer satisfaction trends of insurers can go a long way toward getting the best coverage for you. In New Hampshire, Amica holds the highest rating of 903 out of 1,000.
| Company | J.D. Power rating |
|---|---|
| Amica | 903 |
| Allstate | 868 |
| Auto-Owners | 853 |
| State Farm | 880 |
| Travelers | 867 |
| Vermont Mutual | NA |
| Source: J.D. Power Property Claims Satisfaction Study 2023 | |
The J.D. Power U.S. Property Claims Satisfaction Study measures policyholder satisfaction with their insurer's claims experience by examining factors that include settlement, claim servicing, and estimation and repair processes.
New Hampshire home insurance company complaint ratings
Traveler's Complaint Index rating of 0.02 is the best score of the biggest home insurance providers in New Hampshire.
| Company | NAIC rating |
|---|---|
| Amica | NA |
| Allstate | 0.33 |
| Auto-Owners | 0.16 |
| State Farm | 0.35 |
| Travelers | 0.02 |
| Vermont Mutual | NA |
| Source: National Association of Insurance Commissioners (2023) | |
The lower the index rating, the better in this instance. The NAIC Complaint Index rates policyholders' claim-based complaints filed with a state's insurance departments in comparison to other insurers of similar size.
Get cheap home insurance in New Hampshire
Cheapest home insurance in New Hampshire by city
Of New Hampshire's 10 biggest cities, Hudson has the cheapest homeowners insurance rate, at an average $908 a year. Hampton has the highest average rate, $1,090 a year.
| City | Average annual rate |
|---|---|
| Hudson | $908 |
| Goffstown | $922 |
| Concord | $931 |
| Keene | $931 |
| Lancaster | $934 |
| Dover | $947 |
| Laconia | $952 |
| Derry | $963 |
| Exeter | $965 |
| Hampton | $1,090 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in Hudson
Hudson residents find the cheapest rate for homeowners insurance with Amica, which charges an average premium of $706 a year. Vermont Mutual is the second-cheapest at $780 a year.
| Company | Average annual rate |
|---|---|
| Amica | $706 |
| Vermont Mutual | $780 |
| Allstate | $952 |
| Auto-Owners | $974 |
| State Farm | $990 |
| Travelers | $1,047 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in Goffstown
Amica has the most affordable rate for home insurance in Goffstown, at an average of $706 a year. Vermont Mutual is the next-cheapest at $780 a year.
| Company | Average annual rate |
|---|---|
| Amica | $706 |
| Vermont Mutual | $780 |
| Allstate | $952 |
| Auto-Owners | $1,010 |
| State Farm | $1,033 |
| Travelers | $1,052 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest home insurance in Concord
Residents of Concord get the cheapest homeowners insurance with Amica, which charges an average rate of $730 a year. Vermont Mutual is the second-cheapest at $869 a year.
| Company | Average annual rate |
|---|---|
| Amica | $730 |
| Vermont Mutual | $869 |
| Allstate | $889 |
| State Farm | $1,003 |
| Auto-Owners | $1,025 |
| Travelers | $1,069 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in New Hampshire by county
Of the biggest counties in New Hampshire, Hillsborough County has the cheapest annual rate for home insurance, at $912 a year. Rockingham County is the most expensive, at $1,007.
| County | Average annual rate |
|---|---|
| Hillsborough | $912 |
| Merrimack | $936 |
| Coos | $937 |
| Cheshire | $940 |
| Sullivan | $941 |
| Grafton | $944 |
| Carroll | $956 |
| Belknap | $963 |
| Strafford | $966 |
| Rockingham | $1,007 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Frequently asked questions
The average cost of homeowners insurance in New Hampshire is $79 a month. This is half the national average of $159 a month.
Amica has the cheapest home insurance rate in New Hampshire, at an average of $62 a month. Allstate has the state's second-cheapest average rate of $73 a month. Vermont Mutual is third at $76 a month.
Methodology
We collected quotes from every ZIP code in New Hampshire for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
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