Average Cost of Homeowners Insurance in New Hampshire (2024)

The average cost of homeowners insurance in New Hampshire in 2024 is $1,002. This figure is $1,421 less than the national average of $2,423.

Aside from the amount of coverage you get, credit rating has the largest impact on premiums, with New Hampshire residents seeing a difference of $1,330 between the highest and lowest premium amounts due to credit scores.

If your rates have recently increased, we've also analyzed the cheapest policies in New Hampshire. Different insurance providers can also influence the cost of your premiums.

In New Hampshire, the average annual premium for homeowners insurance with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage is $1,002. This rate is less than the national average of $2,423.

Selecting how much coverage you need is necessary for your home's protection. For $100K in dwelling coverage, the premium is $547, while $500K in coverage raises the premium to $1,762.

Premiums for homeowners insurance in New Hampshire vary significantly among providers for comparable coverage. While Amica offers an annual premium of $705, USAA's similar policy stands at $1,351, illustrating the range of prices available in the market.

For those seeking comprehensive insights, there are plenty of great providers in New Hampshire. Differences in underwriting can influence premiums, making it beneficial to compare options.

Homeowners in New Hampshire with poor credit scores pay an average annual premium of $2,133 for homeowners insurance, reflecting a significant increase compared to those with excellent credit, who pay $803 on average. Credit scores impact insurance rates because insurers use them to gauge the risk of potential claims.

While you may not be able to improve your credit score immediately, you can enhance it over time to potentially lower your rates. In the short term, comparing insurers can reveal cost-saving opportunities. Explore options and see which will save you the most in less than 15 minutes.

Roofing materials can influence homeowners insurance premiums due to their durability and resistance to environmental factors. In New Hampshire, choosing a tile roof, which is sturdier, might lower your insurance costs, with the data showing a $74 difference between the lowest and highest premium options based on roof type.

Construction materials also play a role in determining insurance rates. Homes with superior construction, which are more resistant to perils like fire, can offer more attractive insurance rates. Our data indicates that the difference in premiums for homes with various construction types in New Hampshire is approximately $103.

Use the table below to see how premiums change based on your home's materials.

Homeowners insuring new construction in New Hampshire typically pay less in premiums. The average annual premium for a new home is $590, offering savings over older homes. The table below displays how premiums vary between new and existing homes. Adjust the coverage filter to match your needs.

In New Hampshire, homeowners who have been claim-free for over five years can expect an average annual premium of $1,002 for their homeowners insurance. However, if a homeowner has filed one claim within the past five years, the average premium jumps to $1,275, reflecting a $273 increase from the baseline. For those with two claims in the same time frame, the premium escalates further to an average of $1,552 annually, which is $550 above the average rate for claim-free homeowners.

Getting a good deal on homeowners insurance in New Hampshire is within reach. By being informed and proactive, you can find coverage that fits your needs without breaking the bank. Remember, the key is to understand the factors that affect your premium. Here's how to find the best deal for you.

In New Hampshire, homeowners can pocket an average of 14% in savings by bundling their home and auto insurance policies. The savings on the combined cost of both policies can range from $203 to $340 annually. Opting for a multipolicy bundle not only simplifies your insurance management but also offers a more cost-effective approach. For a deeper dive into the best and cheapest home and auto bundle options in the Granite State, explore MoneyGeek's Best and Cheapest Home and Auto Bundle Companies in New Hampshire analysis.

New Hampshire residents can capitalize on various homeowners insurance discounts.

• Loyalty discounts for long-term policyholders.
• Protective devices discounts for homes with security systems.
• Claims-free discounts for homeowners without recent insurance claims.

For a comprehensive list of ways to save, explore our guide on how to save with discounts. Remember, to maximize savings, inquire about all available discounts when requesting a quote.

For those navigating the homeowners insurance landscape in New Hampshire, a wealth of resources is available to assist in making informed decisions. Whether you're looking to understand the regulations, find affordable coverage or report fraud, these tools can offer valuable guidance.

• New Hampshire Insurance Department: Official state resource for insurance regulations.
• Affordable Home Insurance in New Hampshire: Find cost-effective options for your home.
• New Hampshire Homeowners Insurance Calculator: Estimate your potential insurance costs.
• High-Risk Home Insurance Coverage: Understand insurance for homes in high-risk areas.
• Top Home Insurance Options in New Hampshire: Compare the best insurance providers.
• Personal Property Coverage Essentials: Guide to personal property insurance needs.
• Report Insurance Fraud: Online system for reporting insurance fraud.