Homeowners Insurance in Idaho

Like we mentioned earlier, homeowners insurance in the Gem State is cheaper than in other parts of the country. To give you a better idea of how cheap, Idaho currently ranks as the 49th most expensive state for homeowners insurance, with Idahoans spending an average of $730 a year on their premiums — well below the national average of $1,211. Despite these averages, however, factors like where you live can also affect how much you pay for your homeowner's insurance. For example, living in a city that experiences crime rates higher than the state average raises your premiums. In the same way, as beautiful or romantic as it may be, living in a remote town could also result in higher insurance prices — especially if you live in an area prone to flooding or wildfires. However, this doesn't mean that you should consider moving since there are a few ways you can lower your homeowner's insurance rates and ensure you're getting the best deal, and we'll be getting to this later on. Another more controllable factor that plays a major part in how much your homeowner's insurance policy will cost is your credit rating. While it's always good to keep it in check, maintaining a high credit rating proves to the insurance company that you're likely to pay your premiums on time, meaning that they'll be more willing to offer a lower rate to attract your business. On the other hand, people with lower credit scores are deemed riskier to insure and are therefore quoted higher rates.

While homeowners insurance policies don't typically cover extraordinary events like land movements and floods or smaller things like property neglect or wear and tear, the standard HO-3 policy most insurers base their standard coverage plans on is fairly comprehensive. As a minimum, homeowners insurance in Idaho covers dwelling damage (damage to your home), personal property, and personal liability. Dwelling damage coverage covers damage to your home's structure and any permanent fixtures and fittings and can sometimes be extended to any additional structures on your property, like a deck, pool, garage, or shed. Personal property protection covers personal belongings lost or damaged in a covered event, though coverage is often limited to a certain amount, so you may want to consider purchasing additional coverage for jewelry or high-value electronics. As its name implies, personal liability coverage covers you if someone is unintentionally injured or their personal property is damaged inside your home, and you're held liable. Furthermore, some insurance companies may even offer loss of use coverage as standard, which covers any additional living expenses, like hotel and food costs. You may be subject to if your home is damaged in a covered event, you're not able to live there while it's being repaired.

Finding the best homeowners insurance companies in Idaho is a bit more complicated than simply picking the provider offering the most attractive price. You'll want to make sure the company you choose is reputable and respected by its clients, for starters. A great place to start your search is the Idaho Department of Insurance website, where you'll find a comprehensive list of insurance companies licensed to offer homeowners insurance in the state, as well as other important information like whether they have a history of complaints filed against them. On that note, be sure to take advantage of the data collected by prominent organizations like JD Power and the NAIC on homeowners insurance in Idaho. As one of the oldest and most reputable homeowners insurance providers in the country, USAA was rated a 5 out of 5 by JD Power for their coverage options and overall customer satisfaction. Moreover, USAA maintains a super low NAIC complaint index of 0.14, making it the top-rated homeowner's insurance company in Idaho. With a JD Power score of 4 out of 5 and an NAIC complaint index of 0.19, State Farm, another leading insurance provider, came in as a close second, while the worst-rated insurance companies in Idaho based on consumer ratings are American Family Insurance and Farmers Insurance, both scoring JD Power scores 3 out of 5 and receiving NAIC complaint indexes of 0.65 and 0.37 respectively. To help you find out more about the best homeowners insurance companies in Idaho, we've listed some of the leading companies offering homeowners insurance in Idaho, as well as their ratings, in the table below.