Best and Cheapest Renters Insurance in New Hampshire (2024)

In New Hampshire, Amica is the best and cheapest renters insurance provider, with a MoneyGeek score of 98 out of 100. It offers $20K in personal property coverage at an average annual premium of $69. Although Amica is the best overall, the best for you will depend on your needs. For instance, USAA is best for veterans.

Remember, your specific situation will determine which insurer is ideal for you.

Amica is the best renters insurance provider in New Hampshire, with a MoneyGeek score of 98 out of 100 and an average annual premium of $69 for $20K in personal property coverage. These are the two best renters insurance providers in New Hampshire for the same policy:

• Amica: MoneyGeek score of 98 out of 100 ($69 per year)
• State Farm: MoneyGeek score of 88 out of 100 ($80 per year)

Amica has perfectly balanced customer satisfaction and affordability. However, the best choice for you will still depend on your needs.

Amica offers the cheapest renters insurance in New Hampshire, with an average annual premium of $69 for $20K in personal property coverage. The following providers are the top two cheapest in New Hampshire for $20K in personal property coverage and a $1,000 deductible:

• Amica: $69 per year
• State Farm: $80 per year

Personal property coverage helps to protect your belongings, such as furniture, electronics and clothing, against risks like theft, fire or certain natural disasters. Cheaper renters insurance policies often have lower coverage limits. Higher personal property coverage limits can lead to higher monthly costs but offer better protection for your belongings.

In New Hampshire, Amica is the cheapest renters insurance company for $20K in personal property coverage with a $2,000 deductible, with an average annual premium of $69. For the same coverage with a $2,000 deductible, the top two cheapest providers in New Hampshire are:

• Amica: $69 per year
• State Farm: $72 per year

A deductible is what you pay out of pocket when filing a claim. Choosing a higher deductible can reduce your premiums. You can see how rates vary using the table below.

Amica is the best renters insurance company for service quality in New Hampshire. It offers $20K in personal property coverage at an average annual premium of $69. These are the top two best providers in New Hampshire for those who value excellent customer service and need $20K in personal property coverage:

• Amica: MoneyGeek score of 98 out of 100 ($69 per year)
• Nationwide: MoneyGeek score of 92 out of 100 ($97 per year)

Excellent customer service is important for renters looking for insurance because it ensures their needs are met efficiently and painlessly. When you make a claim, great customer service means fast processing and support during stressful times.

Amica is the best renters insurance company for renters who need $100K in personal property coverage in New Hampshire. It has an average annual premium of $148. For $100K in personal property coverage, these are the top two best providers in New Hampshire:

• Amica: MoneyGeek score of 98 out of 100 ($148 per year)
• Nationwide: MoneyGeek score of 93 out of 100 ($163 per year)

Renters with more personal belongings need higher personal property coverage. Personal property coverage helps you repair or replace your belongings if they are damaged or stolen. Higher coverage often comes at a higher cost. It's important to find a provider that balances cost and great service to cover your valuables effectively.

In New Hampshire, USAA provides renters insurance exclusively to those with military backgrounds. It offers $20K in personal property coverage at an average annual premium of $101. These are the top two best providers in New Hampshire for military members who need $20K in personal property coverage:

• USAA: MoneyGeek score of 100 out of 100 ($101 per year)
• Amica: MoneyGeek score of 98 out of 100 ($69 per year)

USAA offers a range of products tailored for those with a military background, providing various discounts and coverages suited to the military lifestyle. Although other insurers may have lower premiums, USAA might be worth considering as it uniquely tailors its offerings for those with a military background.

Amica is the best renters insurance company for those with poor credit in New Hampshire, with an average annual premium of $121. These are the top two best providers in New Hampshire for those with poor credit:

• Amica: MoneyGeek score of 89 out of 100 ($121 per year)
• Allstate: MoneyGeek score of 88 out of 100 ($81 per year)

Rates for those with poor credit are often higher as they pose a greater risk to providers. Insurance companies view them as higher risk because of the increased likelihood of filing claims. Those with poor credit can improve their credit and leverage available discounts to lower rates.

The average cost of renters insurance in New Hampshire is $93 annually or about $8 monthly. Compared to the national average of $146, New Hampshire's average is significantly lower. These rates are based on a renters insurance policy with $20,000 in personal property limits, $100,000 in liability limits and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in New Hampshire may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, fire or other covered events. Use the tool below to get an estimate based on your needs.

The average cost for renters insurance varies not only by state but also by city. For example, in Manchester, New Hampshire, the average annual premium is $96, compared to the state average of $93. These rates are based on a renters insurance policy with $20,000 in personal property limits, $100,000 in liability limits, a $1,000 deductible and a good credit score. Use the table below to see the average cost in your city.

The cost of renters insurance in New Hampshire is influenced by multiple factors, including the location of the rental property and the amount of coverage desired. Understanding these variables is key to finding a policy that fits your budget and needs.

• Location: The area where you live can affect your premium due to crime rates and weather-related risks.
• Coverage Amount: Opting for higher coverage limits will typically increase your insurance costs.
• Deductible: Choosing a higher deductible can lower your monthly premium, but you'll pay more out of pocket in case of a claim.
• Claims History: Renters with a history of claims may face higher premiums due to perceived risk.
• Credit Score: Insurance companies may use your credit score to determine your premium, with higher scores often leading to lower costs.

Determining your personal property coverage involves creating a personal inventory of all your belongings at home. A personal inventory is a detailed list of all items you own, including their descriptions, values and purchase dates. Follow these steps to create your personal inventory:

1. Gather Materials: Collect a notebook, pen, camera or smartphone.
2. Categorize Items: Group belongings by category, such as electronics, furniture and clothing.
3. Document Details: Write down descriptions, purchase dates and estimated values for each item.
4. Take Photos: Photograph each item for visual proof of ownership.
5. Store Inventory Securely: Keep a digital copy of your inventory in a cloud storage service or a physical copy in a safe place.

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas, such as liability and additional living expenses. Here's what a typical policy may cover:

• Personal Property Coverage: Safeguards your possessions against covered perils like theft to help you replace them.
• Personal Liability Coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
• Loss of Use Coverage: Assists with additional living expenses. For example, if your rental is uninhabitable due to a fire, loss of use coverage can cover temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

• Fire or lightning
• Windstorm or hail
• Explosions
• Riots
• Damage caused by aircraft
• Damage caused by vehicles
• Smoke damage
• Vandalism
• Theft
• Volcanic eruption
• Falling objects
• Weight of ice, snow or sleet
• Water-related damage from home utilities
• Electrical surge damage

Although renters insurance provides a safety net for your personal property and liability, it does not universally cover all losses. For instance, damage from floods typically falls outside standard policies. Here are other exclusions:

• Natural Disasters: Standard policies often exclude events like floods.
• High-Value Items: Expensive jewelry or electronics may exceed policy limits.
• Business Equipment: Items used for business may require additional coverage.
• Roommate Property: Your policy does not cover your roommate's belongings.
• Pest Damage: Infestations and damage from pests are generally not covered.
• Car Theft: Personal vehicles are covered under auto insurance, not renters insurance.

Understanding these exclusions can help you seek additional coverage if necessary, ensuring you're protected against a wider range of potential risks.

Choosing the best renters insurance provider depends on your specific needs. We've compiled a list of frequently asked questions to help you navigate your options and make an informed decision.