Cheapest Homeowners Insurance in New Hampshire (2024 Rates)

Amica Mutual offers the most budget-friendly rates overall in New Hampshire, making it an excellent choice for those seeking cost-effective coverage. Even homeowners with poor credit scores can benefit from Amica Mutual's affordable options. If you own a high-value home, Concord Group provides competitive rates. Rates vary based on coverages, claims history, home materials and deductibles. For bundled insurance packages, State Farm is the cheapest option.

The most affordable home insurance in New Hampshire is from Amica, with a rate of $423 per year for $100K in dwelling coverage. Keep in mind that home insurance rates vary based on dwelling coverage. Here are the cheapest companies in New Hampshire for other coverage values:

• Cheapest for $100,000: Amica at $423 per year
• Cheapest for $250,000: Amica at $705 per year
• Cheapest for $500,000: Amica at $1,297 per year

Find other options for cheap home insurance in the table below, and see how costs shift by dwelling coverage.

Finding cost-effective home insurance in New Hampshire involves comparing quotes from a range of providers. MoneyGeek’s home insurance calculator streamlines this process, allowing you collect New Hampshire quotes without needing to provide your personal details initially.

In New Hampshire, Concord Group Insurance offers the best deal for high-value home insurance, with $750K in dwelling coverage priced at $1,825 yearly. Dwelling coverage significantly influences home insurance costs, so the cost of insuring high-value homes is generaly higher. Here are the cheapest options for higher limits:

• Cheapest for $750,000: Concord Group Insurance at $1,825 per year
• Cheapest for $1,000,000: Concord Group Insurance at $2,349 per year

Homeowners should get dwelling coverage that equals the home's replacement cost, not the property value. Use the following table to understand how costs vary by dwelling coverage.

The cheapest home insurance in New Hampshire for new homes with $100K in dwelling coverage is from Amica at $285 per year. Typically, insuring a newer home in New Hampshire tends to be less expensive due to the lower risk of damage often associated with newer constructions.

Here is a breakdown of the cheapest companies by coverage:

• Cheapest for $100,000: Amica at $285 per year
• Cheapest for $250,000: Amica at $424 per year
• Cheapest for $500,000: Amica at $769 per year

To better understand how costs change for a newly constructed home based on dwelling coverage, check out the table below.

In New Hampshire, Amica offers the most affordable home insurance for those with poor credit, costing $712 annually for $100K in dwelling coverage. Your credit score greatly influences home insurance rates; insurers rely on it to estimate the likelihood of a policyholder defaulting on payments.

• Cheapest for $100,000: Amica at $712 per year
• Cheapest for $250,000: Amica at $1,187 per year
• Cheapest for $500,000: Amica at $2,183 per year

Poor credit can negatively impact insurance costs — the average yearly home insurance cost for those with poor credit is $1,038 for $100K in dwelling coverage, while individuals with good credit pay an average of $514 yearly. Refer to the following table for a more in-depth breakdown by credit score and dwelling coverage.

Amica offers the lowest annual premium for homeowners in New Hampshire with one claim in the past five years, charging an average of $423 annually for $100K in dwelling coverage. Homeowners with prior claims usually end up paying higher insurance premiums.

Across coverage levels, Amica is the cheapest home insurance provider if you have at least one claim in the past five years.

• Cheapest for $100,000: Amica at $423 per year
• Cheapest for $250,000: Amica at $705 per year
• Cheapest for $500,000: Amica at $1,297 per year

In New Hampshire, homeowners with two claims in the past five years pay an average of $280 more for an annual insurance premium compared to those who remained claim-free during the same period.

The type of construction and roof materials used in your home can significantly impact your home insurance cost as some are more prone to damage than others. In New Hampshire, the most economical home insurance premium for a "frame" construction type home with a shake-treated roof is offered by Amica at an annual premium of $423.

Amica is also the cheapest provider for the same type of home with varying coverage values:

• Cheapest for $100,000: Amica at $423 per year
• Cheapest for $250,000: Amica at $705 per year
• Cheapest for $500,000: Amica at $1,297 per year

To understand the impact of roof and home materials, consider that a home with a superior construction and a tile roof results in an average annual premium that's $94 less, on average, than a frame construction and shake-treated roof. New Hampshire residents should choose higher-quality construction and roofing when possible to lower their insurance premiums.

Changing your deductible can potentially save you hundreds each year. For instance, the cheapest home insurance policy in New Hampshire with a $2,000 deductible is from Amica at $385 per year, while the cheapest with a $500 deductible, also from Amica, is $446 per year.

• $2,000 deductible: Amica at $385 per year
• $1,500 deductible: Amica at $403 per year
• $1,000 deductible: Amica at $423 per year
• $500 deductible: Amica at $446 per year

Deductibles are what you pay before insurance kicks in. The average cost difference across insurers between policies with a $500 and $2,000 deductible is $101.

In New Hampshire, State Farm offers the most affordable home and auto bundle policy, with an annual premium of just $1,285. Bundling home and auto insurance together can help you reap major discounts and valuable savings.

• State Farm at $1,285 per year
• Concord Group at $1,433 per year

Beyond the cost benefits, bundling also offers convenience by consolidating policies and providing a single contact point for policy management. Discover more on the best New Hampshire insurance bundle](https://www.moneygeek.com/insurance/auto/best-home-auto-bundle-in-new-hampshire/) to unlock these benefits.