Idaho homeowners looking for the best home insurance company should consider a number of factors. Reviews.com makes the insurance shopping process faster and easier by doing the legwork for you. We researched the home largest providers in Idaho by market share and put each through a rigorous analysis process. Our review of the best home insurance companies in Idaho could help you find the right policy for your needs.
The 4 Best Home Insurance Companies in Idaho
To find the best home insurance companies in Idaho, we started by reviewing Bankrate.com’s 2021 average premium information. But the price isn’t everything when it comes to an insurance company; we also looked at coverages, discounts, digital tools, and third-party ratings. Our research shows that these are four of the best home insurers in Idaho:
- American Family: Best for Customer Support
- Farm Bureau: Best for Discounts
- Grange: Best for Robust Coverage
- Farmers: Best for Claims Satisfaction
Compare the Best Home Insurance companies in Idaho
We chose these four carriers based on our research metrics, which were specifically chosen to help us review each company from numerous perspectives. However, the best company for you will be the one that most closely meets your needs. Shopping around and getting quotes from several home insurers can be useful when shopping for the best home insurance.
| Average Annual Premium* | AM Best AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. | J.D. Power** J.D. Power scores are based on surveys for customer satisfaction and product quality. | ||
|---|---|---|---|---|
| Pin American Family | $603 | A | 831 | |
| Pin Farm Bureau | $619 | A | N/A | |
| Pin Grange | $564 | A- | N/A | |
| Pin Farmers | $1,072 | A- | 814 |
Information accurate as of July 2022
*2021 premium data provided by Bankrate.com for $250,000 in dwelling coverage
**J.D. Power’s 2021 U.S. Home Insurance Study. Based on a 1,000-point scale.
Best for Customer Support
WHY WE CHOSE IT
Why we chose it
Pros
- 24/7 claims support
- Robust mobile app
- Low average rate
Cons
- Not available in all states
- Lower-than-average J.D. Power claims satisfaction score
- Cannot purchase policies online
OTHER POLICIES OFFERED
- Auto
- Motorcycle
- Boat
- Renters
STANDOUT DISCOUNTS AVAILABLE
- Age of home
- Loyalty
- Generational
- Renovated home
Best for Discounts
WHY WE CHOSE IT
Why we chose it
Pros
- Below-average rates
- Numerous discounts
- Other financial products available
Cons
- Not ranked by J.D. Power
- Membership is required to gain access to insurance products
- Mobile app receives low ratings on App Store
OTHER POLICIES OFFERED
- Auto
- Life
- Farm and ranch
- Business
STANDOUT DISCOUNTS AVAILABLE
- New home
- New roof
- Protective device
- Continued in-force
Best for Robust Coverage
WHY WE CHOSE IT
Why we chose it
Pros
- Numerous endorsements available
- Several discounts offered
- Lowest average premium on our list
Cons
- Not ranked by J.D. Power
- Limited online and mobile tools
- No online quoting
OTHER POLICIES OFFERED
- Condo
- Auto
- Business
- Life
STANDOUT DISCOUNTS AVAILABLE
- Advanced quote
- New homebuyer
- Smart fire alarm
- Home maintenance
Best for Claims Satisfaction
WHY WE CHOSE IT
Why we chose it
Pros
- Above-average J.D. Power claims satisfaction ranking
- Local agents available
- Numerous insurance products offered
Cons
- Higher-than-average premium
- Fewer endorsements than other companies
- Higher-than-average overall NAIC complaint index
OTHER POLICIES OFFERED
- Boat
- Collectible auto
- Landlord
- Earthquake
STANDOUT DISCOUNTS AVAILABLE
- UL-approved roofing
- Home safety
- Green certifications
- ePolicy
Information accurate as of July 2022
*2021 premium data provided by Bankrate.com for $250,000 in dwelling coverage
**J.D. Power’s 2021 U.S. Home Insurance Study. Based on a 1,000-point scale.
The Average Cost of Home Insurance in Idaho
According to 2021 data from Bankrate.com, the average cost of homeowners insurance in Idaho is $835 per year for $250,000 in dwelling coverage. The average cost of homeowners insurance nationally is $1,312 per year. Compared to many other states, Idaho homes may be less at risk for damage caused by severe weather, which could help keep insurance costs down.
Top 3 Cheapest Home Insurance Companies in Idaho
| Company | Average Annual Premium* |
| Grange | $564 |
| Mutual of Enumclaw | $571 |
| American Family | $603 |
*Data from Bankrate.com
Top 3 Most Expensive Home Insurance Companies in Idaho
| Company | Average Annual Premium* |
| State Farm | $1,702 |
| Travelers | $1,088 |
| Farmers | $1,072 |
*Data from Bankrate.com
Key Things to Know About Home Insurance in Idaho
Idaho’s low average rates may reflect a lower risk for natural disasters than many other states, but that doesn’t mean the state doesn’t experience any kind of dangerous weather. Wildfires are not uncommon and earthquakes are relatively frequent. Knowing how to personalize your home insurance to obtain coverage for damaging events like these could give peace of mind.
Home Insurance Coverage Options
If you live in Idaho, you may want to consider some additional insurance coverage options for more financial protection:
- Earthquake coverage: This can usually be added to a home insurance policy by endorsement, but if you live in a high-risk area, you may need a separate policy.
- Flood insurance: Damage caused by floods is not covered by standard home insurance policies. You will likely need to purchase a separate flood insurance policy.
- Replacement cost coverage: Many companies offer replacement cost endorsements for the structure of your home and your personal property. Buying this coverage means you won’t have depreciation taken out of a claim settlement.
Frequently Asked Questions
Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, and coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- Customer Ratings — Customer ratings are an indication of satisfaction with the overall experience with a company. We measured this using 2021 J.D. Power Home Insurance Study ratings.
- Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available.
- Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength ratings indicate a positive history of being able to pay out claims. We measured this using AM Best ratings.
- Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the National Association of Insurance Companies National Complaint Index.
Rates are based on 2021 quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
About the Authors
Cate Deventer is a writer and licensed insurance agent. She has a Bachelor’s degree in theatre and is currently pursuing a degree in English with a concentration in professional and technical writing from Indiana University East. Her work has been featured on Reviews.com and Bankrate.com, and she’s passionate about helping people take charge of their finances. In her free time, she likes to read thrillers and sci-fi novels, garden, and toss tennis balls for her dog.
