Updated: November 21, 2024
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The average cost of homeowners insurance in Idaho in 2024 is $1,448, which is $975 less than the national average of $2,423.
Aside from the amount of coverage, credit score has the largest impact on Idaho's premiums, with the average premium difference reaching $2,001 depending on the score. If your rates have recently increased, we've also analyzed the cheapest plans in the state, which could help you find more affordable coverage options.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 21, 2024
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Table of Contents
To establish the average cost of homeowners insurance in Idaho, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Idaho as of 2024.
In Idaho, the average annual premium for homeowners insurance with $250K dwelling coverage, $125K personal property and $200K liability coverage is $1,448. It is less than the national average of $2,423.
When protecting your home, it's essential to know how much coverage you need. Adequate insurance covers the rebuild cost of your home and your personal property in case of a total loss.
For example, a policy with $100K in dwelling coverage has an annual premium of $788. If you own a more substantial property and require $500K in dwelling coverage, the premium increases to $2,539.
| $100K Dwelling / $50K Personal Property / $100K Liability | $788 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,448 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $2,539 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $3,550 |
Premiums for homeowners insurance in Idaho are not one-size-fits-all; they fluctuate significantly across insurance providers. For instance, Mutual of Enumclaw policy is much cheaper than that of Idaho Farm Bureau's despite offering the same level of home protection.
Underwriting differences contribute to premium variations, that's why comparing them is imperative when you are looking for Idaho's best homeowners insurance.
| Mutual of Enumclaw | $862 |
| American Family | $902 |
| Nationwide | $997 |
| Farmers | $1,219 |
| USAA | $1,582 |
| Allstate | $1,623 |
| State Farm | $1,917 |
| Idaho Farm Bureau | $2,483 |
Idaho homeowners with poor credit ratings pay an average annual premium of $2,585 for homeowners insurance, $1,137 more than the state average. Conversely, homeowners with excellent credit only pay $1,239 annually. This difference showcases what impact credit scores have on insurance rates.
While immediate credit score improvement may not be feasible, enhancing it over time can lead to lower rates. In the interim, comparing insurers could be advantageous. Spend less than 15 minutes to see which insurer will save you the most on homeowners insurance in Idaho.
| Poor | $2,585 |
| Below Fair | $2,074 |
| Fair | $1,721 |
| Good | $1,448 |
| Excellent | $1,239 |
Roof type plays a role in determining homeowners insurance premiums. In Idaho, homes with tile roofs, known for their durability, often see lower insurance costs. Conversely, shake-treated roofs, which are more at risk of damage from severe weather, can increase premiums slightly.
The materials used in home construction also influence insurance rates. Superior construction materials, which are more resistant to common perils like fire, usually encourage more favorable premiums. On the other hand, standard frame construction, which is less resistant, may have higher insurance costs.
Use the drop-downs in the table below to see how premiums change based on your home's materials.
| $100K Dwelling / $50K Personal Property / $100K Liability | $788 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,448 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $2,539 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $3,550 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $4,731 |
Insurance for a newly constructed home in Idaho costs an average of $868 annually, $580 less than the $1,448 average premium for an existing home. Newer homes benefit from modern materials and adherence to updated building codes, which can lower insurance premiums. The table below displays the premium differences for new versus existing homes.
| Existing Construction (2000) | $1,448 |
| New Construction (2023) | $868 |
In Idaho, homeowners with a claim-free status for at least five years can expect an average annual premium of $1,448. However, a single claim within the past five years makes the average premium jump to $1,798. For those with two claims in the same period, the average annual cost increases to $2,012.
| Claim free for 5+ years | $1,448 |
| 1 claim in past 5 years | $1,798 |
| 2 claims in past 5 years | $2,012 |
In Idaho, wildfires, earthquakes, winter storms and riverine flooding are the most common natural disasters. Homeowners insurance often covers wildfire damages. However, home insurance typically does not cover flooding, so you need a separate flood insurance to protect you financially.
For the cities we analyzed, premiums ranged from $1,379 to $1,396 annually. In Boise City, homeowners may pay about $1,396, while Meridian residents might see rates around $1,379.
Location affects premiums due to varying risks like weather, crime and local construction costs. Aside from city-based differences, other factors, such as coverage amount and credit rating, also affect home insurance premiums.
| Boise City | $1,396 |
| Meridian | $1,379 |
Shopping for home insurance in Idaho can be as smooth as possible if you know how to. Here's how to find the best deal for you.
Shop around and compare home insurance quotes to find the best rates for your unique needs.
Ask about bundles and other discounts from insurers to save money. One way to secure a discount is by installing home security systems.
Look at insurer ratings for price and claims experience.
Pick the policy that offers the best value and coverage.
Buy your policy to ensure your home is protected.
Idaho homeowners can leverage potential savings by bundling their home and auto insurance policies. On average, the combined cost of individual auto and home insurance decreases premiums by 13%, leading to potential annual savings ranging from $145 to $710. Exploring the best Idaho home and auto bundles is a great way of maximizing these multipolicy discounts.
In Idaho, homeowners can tap into various insurance discounts to reduce their premiums.
Remember, to maximize savings, inquire about all available discounts when obtaining a quote.
Mutual of Enumclaw offers the lowest average premium in Idaho at $862. For more options, explore cheap national providers.
Wildfires, a common natural disaster in Idaho, are typically covered by homeowners insurance.
Flood insurance is not typically included in a standard home policy. It can be purchased through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement.
Coverage amount is the biggest factor affecting homeowners insurance prices, with premiums ranging from $862 to $2,483.
On average, auto and home insurance bundling can save you around 13% in Idaho.
Below, you'll find a curated list of tools and information designed to assist homeowners in Idaho with insurance needs:
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
