Best homeowners insurance in New Hampshire for 2022

Laura Gunn

By 

Laura Gunn

Laura Gunn

Freelance contributor

Laura Gunn is an insurance expert and writer. As a former English teacher, she made the transition to full-time writing and editing in 2016. Since that time she has written extensively about insurance topics, as well as topics pertaining to education and marketing.

Her work has been published in The Millennial Source, News Hunt 360, Realty Today, HNGN, and other publications.

Updated May 1, 2022

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New Hampshire is a state with a rich and deep history, but it's also an area known for severe storms, including coastal storms and floods. Even with these natural disasters, home insurance is very affordable. 

The average cost of homeowners insurance in New Hampshire is only $974 per year or $81 a month. This is over 50% lower than the national average of $1,899 per year.

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But there are other factors you should consider when choosing an insurer. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in New Hampshire.  

Best homeowners insurance companies in New Hampshire

Of the companies we looked at, Vermont Mutual has the lowest average rate in New Hampshire, with an average cost of $657 per year — over $300 less than the state average.

While Allstate's home insurance rates are higher than the state average, it outperforms most of its competitors in customer and claims satisfaction. While cost is important, things like 3rd-party ratings and the financial strength of an insurance provider should also be considered when shopping for homeowners insurance. 

Policygenius analyzed thousands of quotes from the 5 largest New Hampshire insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of New Hampshire residents to find the best homeowners insurance in New Hampshire.

Company

Average yearly cost

J.D. Power Rating

State Farm

$1,085

835

Allstate

$1,089

829

USAA

$1,086

882

Vermont Mutual Insurance

$657

--

Auto-Owners Insurance

$818

831

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm may have higher-than-average rates, but cost is only a second thought with the extra benefits it offers. State Farm offers several coverage add-ons and discounts to help make premiums more affordable. Not only that, but State Farms makes it easy for homeowners to file and track claims. 

How to get a quote

Online through State Farm

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

Why Allstate tops our best list

We love personalization and homeowners can get their policy personalized to their needs with Allstate's home insurance coverage options. New Hampshire homeowners might be especially interested in Allstate's mold protection add-on. In addition to great coverage, Allstate also gives homeowners the opportunity to save 25% off home and auto policies when they bundle, making premiums a little more affordable. 

How to get a quote

Online through Policygenius or Allstate

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

Why USAA tops our best list

For military members and their families, USAA is one of the best options for homeowners insurance. Its base home insurance policy include coverages that most other companies charge extra for. On top of its already low rates, premiums can be made even more affordable with one of the dozen discounts USAA offers its members.

How to get a quote

Online through USAA

Vermont Mutual

Vermont Mutual logo

Vermont Mutual began slinging insurance all the way back in 1828, making it one of the oldest property and casualty insurers in the country. Today, it offers home insurance coverage with a special program for homeowners who run a business from home.

Pros

  • Policy add-ons include equipment breakdown coverage and underground service lines protection

  • Special home business endorsement offers coverage for your in-home business

  • Excellent customer service reviews

  • Industry-best financial ratings

Cons

  • Can't file a claim online — must call to speak to a representative

  • No information about discounts available online

Why Vermont Mutual tops our best list

Homeowners want reliability in their insurance company and that's what they get with Vermont Mutual. Vermont Mutual is one of the oldest insurance companies in the country, and it has customer service ratings to match. Customers can't file claims online, but Vermont Mutual offers numerous add-on coverages and special benefits for qualified customers. 

How to get a quote

Online through Vermont Mutual

Auto-Owners Insurance

Auto-Owners Insurance logo

Auto-Owners is the 12th largest home insurance provider in the U.S. thanks to its low rates, numerous discounts, and robust coverage options — including inland flood insurance.

Pros

  • Excellent coverage add-ons, including inland flood insurance, guaranteed replacement cost, and equipment breakdown coverage

  • Flood insurance covers belongings in your basement — a rare find

  • Save on premiums by bundling policies, paying off your mortgage, choosing a high deductible, having a backup generator, and more

Cons

  • Can't file claims online — you must call or visit an agent to get started

Why Auto-Owners tops our best list

Auto-Owners is one of the top homeowners insurance providers in the country. It offers low rates, dozens of discounts, and extensive coverage options. New Hampshire homeowners will benefit from the flood coverage Auto-Owners offers, which even covers personal belongings in the basement.

How to get a quote

Online through Auto-Owners Insurance

Cheapest homeowners insurance companies by city in New Hampshire

Looking at average home insurance costs for the 15 most popular insurers in New Hampshire, we found that the cheapest homeowners insurance company in the state is American Family. Most areas of New Hampshire can get the cheapest rate through American Family, which has an average annual policy cost of around $600 in many cities. 

The cost of your home insurance policy will depend on the type of house you live in, as well as a few other location specific factors. In New Hampshire, coastal areas with frequent windstorms often see higher rates. 

City

Company

Average yearly cost

Alton Bay

American Family

$581

Antrim

Vermont Mutual Insurance

$568

Ashland

American Family

$581

Ashuelot

American Family

$581

Barnstead

American Family

$581

Belmont

American Family

$581

Berlin

American Family

$581

Bretton Woods

American Family

$581

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Shopping for homeowners insurance in New Hampshire

Shopping for homeowners insurance isn't just about a quick internet search or finding the lowest rate. You'll want to make sure you're selecting coverages that reflect your specific home insurance needs.  

In this section, we break down the average annual home insurance rates in New Hampshire for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in New Hampshire.

New Hampshire home insurance costs by coverage amounts

Dwelling coverage is the part of your home insurance policy that pays to repair or replace your home after a covered loss. Your dwelling coverage limit should be equal to your home’s actual replacement cost, and not the current market value.

The table below shows common dwelling coverage amounts and their corresponding yearly cost. In general, the higher your dwelling coverage amount, the higher your premium will be.

Dwelling coverage amount

Average yearly cost

$100,000

$469

$200,000

$724

$300,000

$974

$400,000

$1,233

$500,000

$1,487

Personal liability coverage is the portion of your home insurance policy that pays for the legal, medical, or repair bills if someone is injured or their property is damaged, and you’re found to be legally responsible.

The table below highlights common liability coverage amounts and their corresponding yearly premiums.

Liability coverage amount

Average yearly cost

$100,000

$949

$200,000

$980

$300,000

$974

$400,000

$964

$500,000

$989

New Hampshire home insurance costs by deductible amount

Your deductible is the amount you’re responsible for paying before your insurer will begin to pay for a covered claim. A lower deductible means higher overall rates, but lower out-of-pocket expenses if the event of a claim.

As seen in the table below, New Hampshire residents can save around $100 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$1,097

$1,000

$974

$2,000

$976

Home insurance discounts in New Hampshire

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in New Hampshire with deadbolts, smoke alarms, or burglar alarms.

Discount

Average yearly cost

Dead bolt

$974

Smoke alarm

$967

Burglar alarm

$934

Home insurance companies in New Hampshire for dog owners

New Hampshire dog owners could be at risk for higher than average premiums as well. Certain dog breeds are considered aggressive or dangerous and account for the majority of dog bite injuries and liability claims.

With an average rate of $657 per year, Vermont Mutual has the cheapest home insurance rates in New Hampshire for a home with a dangerous dog breed, while Allstate’s average yearly premium of $1,089 is the highest.

Company

Average yearly cost

Vermont Mutual Insurance

$657

Auto-Owners Insurance

$818

State Farm

$1,085

USAA

$1,086

Allstate

$1,089

Home insurance companies in New Hampshire for poor credit

Late or missed payments on credit cards, cars, and monthly rent can lead to higher insurance rates. Insurance companies consider a poor credit score to be an indicator of risky behavior and an increased risk of filing an insurance claim, so many charge higher rates. 

With an average rate of $1,141 per year, Vermont Mutual has the cheapest home insurance rates in New Hampshire for a homeowner with poor credit, while USAA’s average yearly premium of $2,396 is the highest.

Company

Average yearly cost

Vermont Mutual Insurance

$1,141

Auto-Owners Insurance

$1,261

Allstate

$1,672

State Farm

$1,822

USAA

$2,396

Home insurance companies in New Hampshire for pool owners

New Hampshire pool owners could also see higher home insurance rates. Pools are considered liability risks and, if you have one in your backyard, you may see higher premiums.

With an average rate of $657 per year, Vermont Mutual has the cheapest home insurance rates for New Hampshire homes that have a swimming pool, while Allstate’s average yearly premium of $1,089 is the most expensive.

Company

Average yearly cost

Vermont Mutual Insurance

$657

Auto-Owners Insurance

$818

State Farm

$1,085

USAA

$1,086

Allstate

$1,089

How to buy homeowners insurance in New Hampshire

The threat of severe weather and possible water damage is always a possibility for New Hampshire homeowners. That's why it's so important to have the right coverage to ensure your home is fully covered. 

Here are a few steps to follow as you shop for homeowners insurance in New Hampshire: 

  1. Reach out to a licensed Policygenius agent. Our team of licensed home insurance experts are standing at the ready to help you figure out how much coverage you need and what company offers it at the best price.

  2. Consider purchasing flood insurance. Flooding isn't covered by standard home insurance policies, so you'll want to purchase flood insurance if you live in a high-risk floodplain. A Policygenius agent can help you do this, too.

  3. Figure out how much of a deductible you can afford. You’ll want to figure out how much you’ll be able to afford to pay out of pocket every time you file a claim.

  4. Compare quotes from a Policygenius agent. Once you’ve nailed down your coverage needs and input a few brief details about your home, a Policygenius agent will walk you through quotes from a few different companies to help you find the best home insurance at the most affordable price.

  5. Sign the policy and pay your first premium. After you’ve chosen the policy you want, all that's left to do is sign and pay your first premium. Your Policygenius agent will take care of the rest.

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Frequently asked questions

Does New Hampshire require homeowners insurance?

There is no state law that requires homeowners in New Hampshire to carry home insurance, but most mortgage lenders will require you to purchase a policy before they’ll extend you a home loan.

What factors affect the cost of home insurance?

There several factors that impact home insurance rates, including type of home you live in, your location, and even personal factors like credit score and having a certain breed of dog can have big impacts on how much you pay for home insurance.

Does age affect home insurance costs?

The most common way age affects the cost of home insurance is the age of a home, not the age of the homeowner. If you live in an older home or one that would need substantial improvements in the event of a rebuild, then you will likely see higher than average homeowners insurance rates.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.