Homeowners insurance in New Hampshire

Homeowners insurance is essential financial protection for the 71% of New Hampshire residents who own a house, covering damage to Granite State homes from severe winter storms, hurricane-force winds, and housefires.

The statewide average cost of homeowners insurance in New Hampshire is $1,091 per year, but the cost of your own policy will be determined by various factors related to your home and the details of your policy. Your home’s build, location, your policy deductible, and your credit history will all play a factor when companies set your rates. Separate New Hampshire insurers may also price policies differently for the same amount of coverage, which is why it’s so important to compare insurance options from multiple insurers before you settle on a policy. That’s where we come in.

To help simplify your shopping experience, Policygenius reviewed the five best homeowners insurance companies in New Hampshire offered through our website and calculated the state’s cheapest and most expensive cities for home insurance based on hundreds of submitted quotes.

Compare New Hampshire quotes here

The 5 best homeowners insurance companies in New Hampshire

Before deciding on homeowners insurance, consider researching the company that will be servicing the policy. A great homeowners insurance company has affordable coverage, dependable customer service, flexible policy options, high-quality discounts, and is financially stable.

Using those benchmarks, we determined the following five companies were the best homeowners insurance companies in New Hampshire. Read about our methodology here.

Best company for a cheap quote: Stillwater

Stillwater provides the cheapest New Hampshire home insurance quote of any Policygenius partnering insurer. The average quote with Stillwater is $934 per year, more than $100 cheaper than the average annual premium in New Hampshire of $1,091. Due to the location and topography of New Hampshire, natural disasters and severe weather are pretty rare, so if you're a New Hampshire resident looking for a standard policy on the cheap, Stillwater is the company for you.

Best company for the modern home: Hippo

As work-from-home equipment, personal computers, and smart home devices become a ubiquitous part of the modern home, it’s important to have proper coverage for all of that expensive tech. But what you often run into in homeowners insurance is policies that are dated and don’t meet the coverage needs of today’s homeowner — that is until Hippo came along. A basic Hippo home insurance policy comes with $8,000 in personal computers coverage, as well as $8,000 in home office coverage, making it a must for tech-savvy New Hampshire residents.

Read our full review of Hippo here

Best company for high-value homes: AIG

New Hampshire residents with high-value homes should consider a homeowners insurance policy with AIG. This luxury insurance company provides guaranteed replacement cost dwelling coverage, replacement cost coverage on all personal property, and additional services like appraisals and risk protection consultations. Keep in mind that AIG only covers homes with an insured value of more than $750k and doesn’t provide monoline home insurance coverage, meaning you’d need to insure your car or boat with AIG as well in order to get a policy.

Read our full review of AIG here

Best company for policy discounts: Nationwide

In terms of discounts, Nationwide beats most New Hampshire insurers. The insurance giant offers a generous multi-policy discount if you bundle your home insurance policy with their auto insurance or another type of property insurance. Nationwide also offers discounts for securing and strengthening your home and roof from break-ins and bad weather. If you haven’t filed a claim in three years or if you recently purchased your home, that can also land you a discount.

Read our full review of Nationwide here

Best financial ratings: Travelers

One important indicator of an insurance company’s ability to pay out claims in an effective and timely manner is their financial stability, and Travelers is among the highest-rated insurers in that area. With an A++ rating from A.M. Best, Travelers has the highest score a company can receive with the insurance company credit rating agency. Travelers also has high marks with Standard & Poors, which measures long-term financial stability, as well as Moody’s, which measures what the expected losses would be if a company were to go into default.

Read our full review of Travelers here

Average cost of homeowners insurance in New Hampshire by company

When comparing insurance companies, New Hampshire residents may find that rates differ greatly from company to company for the same level of coverage. Certain companies may offer more coverage add-ons in a basic plan than competitors, or some may simply have higher rates in certain areas than others.

After reviewing hundreds of quotes submitted with Policygenius, we found that Stillwater is the cheapest insurance company in New Hampshire with a $934 average annual premium for $100,000–500,000 in coverage. Encompass is the most expensive with a $1,525 average annual premium for that amount of coverage.

Average cost of home insurance in New Hampshire by coverage amount

The average cost of homeowners insurance in New Hampshire will also differ considerably based on the amount of insurance you have for your home. The amount of insurance you want on your home should be based on how much it would cost to rebuild your home from the ground up, not its market value.

Below is the average homeowners insurance quote for five different levels of coverage.

Average cost of home insurance in New Hampshire by city

Insurance companies will also price policies differently based on where in the state you live. We found that the coastal city of Bedford has the highest rates in the state with a $1,486 average annual premium for $100,000-500,000 in coverage. Rochester is the cheapest city for home insurance, on average, with a $645 average annual premium.

We selected the 20 largest cities in New Hampshire by population where customers have submitted quotes with Policygenius. Quotes are based on a coverage amount between $100,000 and 500,000.

The cheapest cities for homeowners insurance in New Hampshire

The most expensive cities for homeowners insurance in New Hampshire

Guide to homeowners insurance in New Hampshire

Common causes of home insurance loss in New Hampshire

Although New Hampshire has relatively mild weather for much of the year, the state has long, cold winters along with the occasional nor’easter. The freezing rain and heavy snowfall from nor’easters can be both a time consuming chore to remove from your roof as well as an expensive hazard. Homeowners insurance covers roof damage and frozen pipes due to winter conditions, but New Hampshire residents should make sure their home is covered by a trustworthy company with a reliable claims reputation.

Does homeowners insurance cover flooding in New Hampshire?

No, homeowners insurance does not cover flood damage in New Hampshire or any of the other 49 states. New Hampshire residents can supplement that gap in coverage by purchasing a flood insurance policy. Flood insurance can typically be provided through the same insurance company that insures your home.

Most flood policies are sold by private companies but administered by the federal government’s National Flood Insurance Program (NFIP). An NFIP flood policy can cover up to $250,00 for the structure of your home and up to $100,000 for personal belongings.

New Hampshire is vulnerable to floods, including flash floods, precipitation from severe storms, and tropical storm surge. If you live in coastal New Hampshire or areas that experience frequent flash floods, you should consider a flood insurance policy.

New Hampshire Insurance Department

The New Hampshire Insurance Department is a great resource both for New Hampshire homeowners purchasing coverage for the first time or those who are already insured. The NHID website provides educational information, customer tips, a guide to state insurance laws, customer complaint forms, and more.

What if I can’t get homeowners insurance?

Homeowners insurance companies can cancel your insurance for a number of reasons — maybe you filed too many claims in a short period of time, maybe the insurance company no longer offers coverage where you live, or maybe they determined your home was too risky to insure after a recent inspection.

If you’re unable to get homeowners insurance with a standard carrier, look into coverage with a surplus or excess lines insurer. Surplus carriers specialize in risks that are typically rejected by traditional insurance companies. A couple of downsides to getting coverage through a surplus carrier are that it’s typically expensive and the companies aren’t admitted with the state, meaning they aren’t subject to the same rules and regulations as traditional insurance companies. But surplus lines coverage is a solid option if you’re a New Hampshire resident looking for last minute coverage.

Not where you live? We've got you covered, check out our guide to homeowners insurance in your state