Cheapest Homeowners Insurance in Idaho (2024)

In Idaho, Mutual of Enumclaw stands out as the most budget-friendly home insurance provider, even for high-value homes and those with poor credit scores. However, Nationwide offers competitive annual premiums if you're insuring a new home and want to bundle with auto insurance.

Looking for cost-efficient home insurance in Idaho? The cheapest provider is Mutual of Enumclaw, offering $100K in dwelling coverage at $482 per year. However, home insurance rates can fluctuate greatly depending on your dwelling coverage. Here's a snapshot of the cheapest options in Idaho for different coverages:

• Cheapest for $100,000: Mutual of Enumclaw at $482 per year
• Cheapest for $250,000: Mutual of Enumclaw at $862 per year
• Cheapest for $500,000: Mutual of Enumclaw at $1,410 per year

Look at the cheapest home insurance options in Idaho by dwelling coverage using MoneyGeek's table below.

It's best to check rates from multiple insurers to find cheap home insurance in Idaho. MoneyGeek's home insurance calculator lets you easily compare Idaho quotes without the need to provide your personal information.

Mutual of Enumclaw provides the most affordable home insurance in Idaho, with $750K in dwelling coverage at an average of $1,927 annually. High-value homes can often expect higher insurance charges as dwelling coverage is the primary determinant of cost. See the most cost-effective options below:

• Cheapest for $750,000: Mutual of Enumclaw at $1,927 per year
• Cheapest for $1,000,000: Mutual of Enumclaw at $2,448 per year

Homeowners are encouraged to purchase dwelling coverage equivalent to their home's replacement cost, not merely the property value. Check out the table below for a more detailed look at these costs.

In Idaho, the most affordable home insurance for a new home with a coverage value of $100K in dwelling coverage is offered by Nationwide with an annual premium of $262. New homes in Idaho are cheaper to insure thanks to their modern architecture, construction quality and built-in safety features, leading to fewer claims than older properties.

With regard to other coverage values, see how Nationwide stands out:

• The cheapest for $100K Dwelling Coverage: Nationwide at $262 per year
• The cheapest for $250K Dwelling Coverage: Nationwide at $404 per year
• The cheapest for $500K Dwelling Coverage: Nationwide at $665 per year

Explore MoneyGeek's comprehensive table for an in-depth understanding of costs depending on dwelling coverage for newly constructed homes. This analysis is especially valuable for Idaho residents navigating the home insurance landscape, with premium rates significantly influenced by the coverage values.

For Idahoans with low credit scores, the best deal on home insurance for $100K in dwelling coverage comes from Mutual of Enumclaw at $750 annually. Your credit score heavily influences rates as it assists insurers in evaluating the risk of non-payment. See the cheapest providers for varying coverages below:

• Cheapest for $100,000: Mutual of Enumclaw at $750 per year
• Cheapest for $250,000: American Family at $1,319 per year
• Cheapest for $500,000: Mutual of Enumclaw at $2,193 per year

The dent of low credit score can be seen in average rates — those with poor credit pay an average of $514 more for the same home insurance compared to good credit holders for $100K in dwelling coverage.

Idaho homeowners with a single claim in the last five years will find Mutual of Enumclaw offers the most affordable home insurance, with average costs at $502 per year for $100K in dwelling coverage. It's important to know that a history of claims typically translates to higher future premiums, as insurers will deem you higher risk.

• Cheapest for $100,000: Mutual of Enumclaw at $502 per year
• Cheapest for $250,000: Mutual of Enumclaw at $898 per year
• Cheapest for $500,000: Mutual of Enumclaw at $1,469 per year

Considering average costs, homeowners insurance in Idaho is $310 more costly for houses with two claims compared to claim-free homes, underscoring the value of keeping a clean claims record, especially for budget-conscious Idaho homeowners.

The cost of your home insurance is highly influenced by your home's construction type and roof materials. In Idaho, the cheapest home insurance for a frame-constructed home with a shake-treated roof is provided by Farmers, costing an annual premium of $509. The reason for this cost is the increased risk associated with these types of materials — lower durability and higher vulnerability to environmental damages increase the likelihood of insurance claims.

Here are the least expensive insurance providers in Idaho for stated coverage values:

• Cheapest for $100,000: Farmers at $509
• Cheapest for $250,000: American Family at $906
• Cheapest for $500,000: Mutual of Enumclaw at $1,550

It's worth noting the comparison in costs between different materials: choosing superior construction and a tile roof can lead to a $97 annual saving when compared to a frame construction with a shake-treated roof. In Idaho, your investment in better-quality construction will ultimately reduce your insurance costs due to lower risk.

Adjusting your deductible can potentially save you hundreds of dollars annually. In Idaho, the most affordable home insurance for a $2,000 deductible is from Mutual of Enumclaw, with an annual premium of $407. By comparison, the lowest price for a $500 deductible is American Family at $531 a year. To illustrate other deductible levels:

• Cheapest for $2,000 deductible: Mutual of Enumclaw at $407 per year
• Cheapest for $1,500 deductible: Farmers at $465 per year
• Cheapest for $1,000 deductible: Mutual of Enumclaw at $482 per year
• Cheapest for $500 deductible: American Family at $531 per year

In home insurance, a deductible denotes what you pay before insurance covers the rest, with an average variance of $59 across all insurers from a $500 to a $2,000 deductible.

The most affordable company for a home and auto bundle policy in Idaho is Nationwide, offering an average premium of $1,622 per year. Bundling home and auto insurance with the same provider is a great way to save on costs.

• Nationwide at $1,622 per year
• Farmers at $1,723 per year

Beyond mere savings, bundling enhances convenience by managing both policies under a single insurer. Discover more about the best Idaho insurance bundle and harness these benefits.

Farmers is the most affordable home insurance provider in the Idaho cities in our dataset, with annual rates from $464. Costs can widely differ between cities due to factors like local building codes, crime rates and risk of severe weather. It's crucial to shop around as insurance companies often adjust rates based on geographic variables.