New Hampshire Homeowners Insurance

Get a full analysis of New Hampshire home insurance costs, coverages & companies.

The Best Homeowners Insurance Companies in New Hampshire

Average Cost of Homeowners Insurance in New Hampshire

Home Insurance in New Hampshire - FAQ

Average Cost of Insurance Near Me

Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.

Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.

Get help from one of our New Hampshire independent agents

They understand your risks and will find you the coverage you need.

Find the Best Homeowners Insurance Rates & Companies in New Hampshire

The average cost of homeowners insurance in New Hampshire is only $972 per year. New Hampshire has much more affordable home insurance rates than most of the nation. The current US average home insurance cost is $1,211 per pear.

Current average home, condo, and townhouse prices in New Hampshire are about $450,000. Since your home is such a hefty investment, it deserves protection from a policy that can reimburse you for huge losses. So you'll need New Hampshire home insurance. 

An independent insurance agent in New Hampshire can help you find the right kind of homeowners insurance for your needs. For starters, here's a deep dive into home insurance specifics in New Hampshire.

Best Homeowners Insurance Companies in New Hampshire

Don't waste time looking through dozens of subpar home insurance companies. When you're ready to get coverage, instead, head straight for the best. We hope to help by offering this list of our top picks for the best home insurance companies in New Hampshire. Start by checking out these top recommendations:

An independent insurance agent can help you explore homeowners insurance options for your New Hampshire home from any of these trusted carriers.

What Homeowners Insurance in New Hampshire Can Cover

The most common natural disasters in New Hampshire are floods, hurricanes, and severe winter storms. Without the proper protection, you could permanently lose your home if it gets badly damaged or destroyed by one of these disasters. Fortunately, a New Hampshire home insurance policy can cover the costs of home damage caused by strong winds, snow, ice, and more. Note that a home insurance policy in any state won't cover natural flood damage to the home.

Hurricanes and Severe Winter Storms

Though home insurance policies in New Hampshire cover strong wind damage occurring from natural disasters like hurricanes, they never cover natural flood damage that can accompany these storms. Separate flood insurance policies are needed to cover homes against damage from natural water sources like rain and hurricanes. Your New Hampshire home insurance can cover a lot of the damage caused by severe winter storms as well, such as snow, ice, roof collapse, and more.

Flood Damage in New Hampshire

Again, your home won't be covered against flooding caused by natural sources by your New Hampshire homeowners insurance. This type of water damage requires its own special policy, known as flood insurance. Talk to a local New Hampshire independent insurance agent to help you get set up with this critical coverage to protect your home fully.

A New Hampshire independent insurance agent can help you find a homeowners insurance policy that includes all these protections for your home.

What Homeowners Insurance in New Hampshire Will Not Cover

Earthquakes are rare in New Hampshire, so you probably don't have to be too concerned that your home insurance policy won't cover damage from these disasters. Along with earthquake damage and flood damage, there are still several other disasters that a New Hampshire home insurance policy won't cover.

Home insurance in New Hampshire will not cover these losses: 

Folks living in New Hampshire may consider adding sewer backup coverage to their home insurance policies, along with flood insurance. To avoid having to pay out of pocket for damage or destruction to your home caused by sewer backup incidents or flooding, talk to your independent insurance agent in New Hampshire about adding these important protections to your coverage. Without them, you might be responsible for covering any damage yourself.

Average Cost of Homeowners Insurance in New Hampshire

The average costs of homeowners insurance in New Hampshire are just $972 per year, which is much lower than the national average of $1,211 per year. In fact, New Hampshire ranks number 35 of all 50 states for its home insurance costs. Rates in New Hampshire are lower than the US average due to lower property values, crime rates, and risk of severe weather than in many other areas.

Average New Hampshire Home Insurance Costs by City

A home insurance policy's rate is not only influenced by the overall state, but also down to the specific city of the resident. Depending on how close the city is to areas of higher crime and severe weather rates, as well as that area's property values, home insurance rates will be more or less expensive as a result. In New Hampshire, home insurance in the city of Rochester averages only $760 annually, the lowest in the state. In the city of Portsmouth, home insurance averages $1,359 annually, which is the highest in the state.

How does your city measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,428 year

Popular Questions about Home Insurance in New Hampshire

How much does New Hampshire home insurance cost? $972/yr.

Home insurance costs in New Hampshire average $972 per year, or $81 per month. Residents in New Hampshire can save quite a bit on home insurance compared to in other states, since the US average is $1,211 per year.

What does homeowners insurance cover in New Hampshire?

Home insurance in New Hampshire covers each aspect of your home. Coverages included in standard homeowners insurance policies are dwelling coverage, personal property coverage, additional living expenses coverage, and liability coverage. An independent insurance agent in New Hampshire can help you find the right policy.

What are New Hampshire's home insurance laws?

Home insurance is not mandated by state law in New Hampshire. However, your mortgage lender will most often require you to be covered with a policy before you can purchase your home.

How are New Hampshire home insurance rates calculated?

New Hampshire home insurance rates are calculated based on a number of factors, including:

Are there any independent insurance agents in New Hampshire?

Yes, there are plenty of independent insurance agents in New Hampshire. These local agents can help you shop and compare home insurance quotes in New Hampshire and tons of other policies from local insurance carriers. They'll help you find the best blend of coverage and cost.

Who are the best home insurance companies in New Hampshire?

Our research found that the best home insurance companies in New Hampshire are The Andover Companies, Encova, Travelers, Progressive, and Stillwater. These carriers were selected based on their coverages, rates, discounts available, customer service reviews, and other criteria. 

What are the most common home insurance claims in New Hampshire?

The top five most common home insurance claims in New Hampshire are:

Why work with an independent insurance agent when shopping for home insurance in New Hampshire?

There's no such thing as a one-size-fits-all insurance policy. With a wide variety of products and options at your disposal, you might need help from a professional to choose what you really need.

An independent insurance agent in New Hampshire can help you choose the right policies and options to meet your specific coverage needs. Because they're independent, these agents can work with several of the best insurance companies in New Hampshire to find you the right coverage at a great price.

Do You Know What Your New Hampshire Home Insurance Covers?

Average Cost of Home Insurance Near You

Concord, NH Homeowners Insurance

The average monthly cost of home insurance in Concord is $72, but home insurance rates vary from home to home. Factors that influence your home insurance rates include your property's size, value, and location, and your history of insurance claims.

Hailstorms often occur in Concord. Hailstones can cause significant destruction to your home's roof, siding, and other structures like sheds. Fortunately, Concord home insurance can help cover damage or destruction to your home caused by hail.

Derry, NH Homeowners Insurance

The average monthly cost of home insurance in Derry is $66, but home insurance rates vary from home to home. Factors that influence your home insurance rates include your property's size, value, location, and your history of insurance claims.

Home insurance in Derry can protect your home against losses caused by common disasters, such as accidental house fires, theft, and more. Talk to a local independent insurance agent in Derry to get set up with all the home insurance you need to protect against these threats to your home.

Dover, NH Homeowners Insurance

The average monthly cost of home insurance in Dover is $70, but home insurance rates vary from home to home. Factors that influence your home insurance rates include your property's size, value, location, and your history of insurance claims.

Severe storms in Dover can cause significant damage to area homes. Threats like lightning, strong wind, hail, or fallen trees can lead to costly repairs. Fortunately, your Dover home insurance can help reimburse you for damage or destruction to your home caused by these incidents.

Manchester, NH Homeowners Insurance

The average monthly cost of home insurance in Manchester is $79, but home insurance rates vary from home to home. Factors that influence your home insurance rates include your property's size, value, location, and your history of insurance claims.

One of the most common hazards faced by homeowners in Manchester is property crimes. Though still lower than the national average, the burglary rate in this city is among the highest in the state. Fortunately, Manchester homeowners insurance covers against property loss and damage to your home due to burglaries. 

Nashua, NH Homeowners Insurance

The average monthly cost of home insurance in Nashua is $78, but home insurance rates vary from home to home. Factors that influence your home insurance rates include your property's size, value, location, and your history of insurance claims.

When hurricanes make landfall along the Eastern Seaboard, residents of Nashua often experience strong winds and torrential downpours. Since flooding is a concern for many residents of this city, consider adding a flood insurance policy. 

More in New Hampshire Insurance Guide:

Sources ©2024 , Consumer Agent Portal, LLC. All rights reserved.

https://www.noradarealestate.com/blog/new-hampshire-housing-market/

https://www.nh.gov/safety/divisions/hsem/faq.html

https://www.iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance

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