Average Costs and Cheapest Homeowners Insurance Companies in Idaho

MetLife’s policies are the most affordable in Idaho for various coverage needs. But if you own an expensive home, a newer home or a home with a pool, American Family is your cheapest option. If you have a poor credit rating, you may want to explore offers from Allstate.

MoneyGeek used costs and service measures to break down the best homeowners insurance providers in Idaho if you want to balance cost and quality.

The cheapest homeowners insurance providers in Idaho vary depending on your needs. The most affordable homeowners insurance in Idaho for a baseline dwelling coverage of $250,000 is MetLife at $700 per year.

However, a different insurance provider may have a cheaper offer if you need a higher coverage limit.

The cheapest companies for different coverage levels in Idaho are:

• Cheapest for $100,000: MetLife
• Cheapest for $250,000: MetLife
• Cheapest for $500,000: American Family

To calculate how much it costs to insure your home, insurance companies make an estimate of possible damages they expect to cover. They rate your policy based on the amount of coverage that you need. Toggle the table to see costs for different dwelling coverage limits.

The cost of homeowners insurance in Idaho will change as you modify your coverage limit. The average homeowner insurance cost in Idaho is $1,051 per year for baseline coverage of $250,000, but premiums increase as you increase your coverage amount.

Dwelling coverage worth $100,000 costs $604 per year on average in Idaho. In comparison, dwelling coverage for $3,000,000 costs an average of $10,596 per year.

Individualized factors and area-related risks also play a role in determining the cost of homeowners insurance. Insurers often evaluate the home’s value, age, roof quality, proximity to a fire department, along with your frequency of claims, the deductible chosen, whether you have a pool and if you own an aggressive dog breed.

You can use MoneyGeek’s calculator to get an estimate of your homeowners’ insurance in Idaho. You can see how costs in Idaho change as you modify the limits, set a different deductible amount or set additional limits.

MoneyGeek determined the most affordable insurance in Idaho for different dwelling coverages by comparing thousands of quotes.

The cheapest homeowners insurance policies in Idaho to consider if you own an expensive property that needs $2 million in coverage are:

• American Family: $3,270 per year
• Allstate: $5,030 per year

Because prices for expensive homes tend to be higher, and quotes vary between insurers even for the same coverage level, it's important to shop around and compare quotes before buying a policy.

To find the cheapest providers in Idaho for newer homes, we used a sample home built in 2015 and gathered quotes from several insurers. For a policy with $250,000 worth of dwelling coverage, the most affordable homeowners insurance in Idaho for newer homes are:

• American Family: $572 per year
• Allstate: $737 per year

USAA is the second most affordable option in Idaho at an average annual cost of $734. This insurer was excluded from the ranking because it is not widely available and is only open to military members and their families.

The average cost of home insurance for newer homes can vary by as much as $255 between a home built in 2015 and a home built in 2000. Numbers for homes built in 2000 differ from the above quotes due to a different ZIP code collection process.

You can save as much as $255 if you own a home built in 2015 versus if you own a house built in 2000. Older homes require higher repair and replacement costs due to things like needed building code updates and expensive features that are more difficult to replace, so their insurance rates tend to be higher.

To find the providers in Idaho that offer affordable policies for homes with pools, MoneyGeek studied thousands of quotes from several insurers.

For those with a pool and a baseline dwelling coverage of $250,000, here are two low-cost insurers to consider:

• American Family: $745 per year
• Allstate: $894 per year

Due to additional hazards that come with owning a pool and the increased risk of injury or death, homeowners with pools usually need increased liability limits. Aside from the cost of upkeep, you also need additional coverage in case of damages.

The average rate for a home with a dwelling coverage of $250,000 is $1,138 per year. For those with a pool, the average rate increases slightly to $1,139 per year on average.

The following companies offer the most affordable homeowners insurance rates for Idaho residents with poor credit:

• Allstate: $1,081 per year
• MetLife: $1,114 per year

Insurers view homeowners with poor credit to be riskier to insure. Your poor credit scores tell a lot about your financial behavior and negatively affect your rates. But you can still find affordable policies from the above-mentioned insurers.

A poor credit background can harm your homeowners insurance rates. In Idaho, the difference in the average cost of home insurance between poor credit and good credit is $1,114 per year.

If you have a low credit score, rates average $2,180 per year. If you have a high credit score, rates average around $1,066 per year.

Maintaining an excellent credit score can save you a lot of money on your premiums, as it comes with a lower average rate of $864 per year.

The city where you live in Idaho can affect your homeowners insurance rates. The most affordable policies are offered in Boise by MetLife, at an average of $700. Compared to Boise’s average rates across all companies, that is around $352 per year cheaper.

To find out how much your homeowners insurance in Idaho is and get a binding home insurance quote estimate from a specific provider, you have to disclose some basic details about yourself. Some factors that insurance providers may need to calculate the cost of your annual premium include the age of your home, what type it is, the materials used, its current condition and estimated rebuilding cost. Having additional features, such as a home security system or solar energy panels, can also affect your annual premium.

If you want to know how much homeowners insurance is in Idaho, you can use MoneyGeek’s tool without having to disclose your personal information. The quotes that our tool generates are based on thousands of quotes MoneyGeek collected from several providers in the state.

MoneyGeek analyzed homeowners insurance premiums from 7 of the top insurance companies in Idaho that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Idaho. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.