Homeowners Insurance in New Hampshire

With coverage plans state-wide averaging at $876, homeowners in New Hampshire pay less than the national average on their insurance premiums when compared to other states. This price difference is influenced by many factors, including the state's susceptibility to hurricanes and extreme winter storms. Heavy precipitation has increased in the Granite State by 70% in recent years, making flooding a more common occurrence every year. These factors have raised insurance premiums as providers are more likely to cover the costs of damages to your New Hampshire home than if you lived in another state with less extreme weather. Of course, other factors can affect the price of your homeowner's insurance. The crime rate in your area will massively influence the cost of your insurance premiums, as will the deductible you select for your policy, the age of your home, your home's ability to withstand potential perils, and the dollar amount of your coverage plan. Adding safety features to your property or creating a bundle of two policies from the same insurer will decrease the cost of your insurance, but if you want extra coverage, then this will increase your premiums. The cheapest homeowners insurance in New Hampshire is available in Milford, with the average homeowner's insurance policy at $782 per year. In Portsmouth, the average insurance premium is $931 per year, which is more expensive than other cities in the area but still under the national average. When looking for quotes, you should keep in mind that the level of homeowners insurance that you select will also impact the cost of your insurance premiums.

Compare the following basic coverage options with that of your potential plans to see if you are being offered something unique from a provider that you should take advantage of. Personal Property coverage protects the contents of your home and personal belongings. This coverage is limited for certain types of items that are particularly vulnerable to loss, like cash, jewellery, and stamp or coin collections. Standard dwelling coverage gives you protection for your home and any attached buildings if damaged in a relevant incident. This coverage can include fixtures like plumbing, heating, and permanently installed air-conditioning systems, electrical wiring, and supplies on or adjacent to the residence premises for use in the construction, alteration, or repair of the dwelling or other structures not attached to the dwelling. Loss of Use coverage helps you with additional living expenses if a covered peril damages your home and you cannot reside in your property. Personal Liability and Medical coverage can cover you if a resident is injured on the property. However, this coverage does not protect you in all circumstances, so make sure that you read the fine print in your contract if you need to make a claim.

If you are looking for the top-rated homeowner's insurance companies in New Hampshire, you need to know the statistics surrounding homeowner insurance in the USA. The average cost of homeowners insurance in New Hampshire is significantly lower than the national average of $1211 a year, at only $876 per anum. But this doesn't mean that your homeowners insurance won't be expensive. Your quote will vary depending on your insurance provider. MMG has the most expensive premium among its competitors, with their average homeowner's premiums in New Hampshire being $1241 per year. This is considerably more than not only the state average but the national average. This provider does not feature on the J.D Power Homeowners Survey, meaning there is no finite evidence of customer satisfaction regarding claim payments or the pricing of their policies aside from the company's NAIC complaint index score of 0.30. A low index score reflects well on the company, as does their 'A' rating by A.M. Best. On the other end of the spectrum, Safeco has one of the lowest annual rates for their New Hampshire homeowners insurance premiums. Their basic package begins at $552, and despite not being BBB accredited, its parent company Liberty Mutual Group is accredited and has an A rating with BBB, meaning that you can be confident your money is safe with Safeco. These average policy prices clearly show that the insurer you choose will massively impact the amount you pay for your policy.