Paige Cerulli Last Updated On: October 26, 2023

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How to Find the Best Home Insurance in New Hampshire

When you buy a home, you’re making a major investment, and a quality home insurance policy can help to protect that investment. But as you shop for home insurance, you’ll find that you have a lot of options to choose from, and finding the best home insurance in New Hampshire can get confusing.

We’ve highlighted the key information you need to know during the process, so you can find the right home insurance policy at the right price.

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Table of Contents

The Average Cost of Home Insurance in New Hampshire

The average cost of home insurance in New Hampshire is $736, which includes $250,000 in dwelling coverage. That’s just over half of the national average insurance cost of $1,428. The fact that home insurance costs in New Hampshire are so low could be because the state has minimal wind, wildfires, and tornadoes compared to other states, so insurance companies face fewer major claims.

While the average cost of home insurance in New Hampshire is low, your rates will depend on where in the state you live. Areas with higher crime rates or an increased risk of severe weather have higher average insurance rates, while lower-risk areas have lower rates.

New Hampshire City

Average Cost of Home Insurance Per Year

Nashua

$686

Bedford

$707

Merrimack

$708

Rye Beach

$828

New Castle

$829

 

Other factors like your home’s age, its value, and the distance to the nearest fire station can also affect your home insurance costs. Since rates can vary so much, a personalized home insurance quote will give you the most accurate idea of what you will pay for insurance. You can get free home insurance quotes in New Hampshire from ConsumerCoverage to start exploring different policy options and costs.

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Coverage Options for Home Insurance in New Hampshire

As you shop for home insurance in New Hampshire, it’s important to understand what’s covered in the policy. Most standard home insurance policies will include these coverage types:

  • Dwelling coverage protects your home’s structural elements, like the walls, roof, and porch.
  • Other structures coverage applies to the freestanding buildings on your property that aren’t attached to your home, like barns and sheds.
  • Personal property coverage helps to cover damage to or loss of personal belongings inside your home, including electronics or furniture.
  • Personal liability coverage helps to cover expenses that result if another person is ever injured on your property.
  • Medical payments coverage helps to pay for medical expenses that could result if another person is ever injured while on your property.
  • Loss of use coverage goes into effect if your house is ever damaged and uninhabitable during the repair process. This coverage applies to expenses you might face, like a hotel room or rental home.

While these standard coverages are a good starting point, they don’t always give you complete protection. Depending on your home’s risk factors, you might want to purchase additional, optional insurance for additional peace of mind.

  • Earthquake insurance: Most traditional insurance doesn’t include earthquake coverage, but certain New Hampshire areas are at an increased risk of earthquakes. According to the Northeast States Emergency Consortium, the area north of Concord has been the most seismically active area in New England since the 1970s, so you might want earthquake insurance if you live in the area.
  • Flood insurance: Flooding is common in New Hampshire, and standard insurance policies usually don’t include coverage for floods. If you’re in a particularly high-risk area, your mortgage lender might require you to purchase additional flood insurance.

How to Save Home Insurance in New Hampshire

When you shop for home insurance in New Hampshire, taking the time to compare quotes and look for discounts can help you to keep your costs down. Many insurance providers offer discounts if you have multiple insurance policies through the same company. You could also save money by buying a high deductible policy, but you’ll need to make sure that you can pay the higher deductible if you ever have to file a claim.

To start exploring your options and comparing prices, request a free homeowners insurance quote from ConsumerCoverage today.

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Paige Cerulli Paige Cerulli is a freelance content writer and journalist who specializes in personal finance topics. She graduated from Westfield State University and brings more than a decade of professional writing experience to the ConsumerCoverage team. Paige’s work has appeared in outlets including USA Today, Business Insider, and more.

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