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Last updated on May 19, 2020

The Best Idaho Homeowners Insurance Company

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Idaho’s annual premiums for homeowners insurance are on the lower side — on average $692 per year for an HO-3 policy, compared to the nationwide average of $1,173. That said, how much you’ll pay can vary a lot depending on your home’s size, your assets, and your address. Use our tool to find your best rates:

Heads up: Coverage and pricing vary.

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Find the Best Home Insurance

To help you find the best homeowners insurance companies in Idaho, we reviewed the top providers by market share, premiums, financial strength, customer service, and more. Based on our findings, our top pick for Idaho homeowners insurance is American Family. Below, we have also reviewed the pros and cons for Metropolitan Insurance, Farm Bureau Mutual, Grange Insurance Association, and Farmers Insurance. 

The 5 Best Homeowners Insurance Companies in Idaho 

 American Family InsuranceMetropolitan InsuranceFarm Bureau Mutual Insurance Company of IdahoGrange Insurance AssociationFarmers Insurance

Our review


Our review
A.M. Best Financial Strength RatingAA+AA-B++
J.D. Power Overall Customer Satisfaction Score3/52/5N/A3/53/5
Online Quote ToolXX

Compare ratesCompare ratesCompare ratesCompare ratesCompare rates

Average Cost of Homeowners Insurance in Idaho

According to the Insurance Information Institute, the average cost of homeowners insurance in Idaho is $730. This is significantly lower than the national average, which is $1,211.

Keep in mind that there are many factors that affect what you’ll pay for coverage. Some of these factors include:

  • Age, size, location, construction, and condition of home
  • Type of heating (is there a wood stove?)
  • Type of Policy
  • Discounts
  • Deductible
  • Credit score 
  • Marital status
  • Closest fire station

Because each provider differs in how it determines premiums for each homeowner, the most accurate way to assess your premium is to obtain a quote directly from the providers.  

Home Insurance add-ons that will further protect you-

Flood Insurance

Idaho is no stranger to seasonal weather and the Southeast and North Central portions of the state have also been known to suffer flash floods on occasion

Traditional homeowners policies may not include flood insurance, which you would need to purchase separately from your provider or the National Flood Insurance Program (NFIP). 

To assess your home’s proximity to flood zones, put your address into the FEMA flood map

Other Structures

The Other Structures add-on can protect any buildings not structurally attached to your home, such as:

  • Barns
  • Sheds
  • Garages
  • Fences
  • Lampposts

Well and Septic

Well and Septic coverage accounts for any water damage related to your septic system that is not related to flood damage.

Water and Sewer Backup

Water and Sewer backup is another flood-damage look-alike, so having this add-on will protect you financially in the event of a claim where the cause of loss may be up for dispute.

Earthquake Coverage

Idaho is not immune to earthquake activity. In 2017 it had two 5.3 earthquakes one after the other, and then over a 100 aftershocks the days after. This is because there are three major fault lines that run through the state.

Rather than running the risk of paying out of pocket for an unexpected earthquake, consider this add-on. 

A Note on Wildfires

According to the Insurance Information Institute, over 171,000 Idaho homes are at risk of wildfires

While wildfire coverage is one of the standard perils every HO-3 policy protects against; it’s crucial if you live near a wildfire-prone area to insure for 100% of your home’s value.

A Note on Tornadoes

Tornadoes don’t occur very often in Idaho, but they do happen on occasion. Wind damage is covered by most policies, but check with an agent to make sure there aren’t any exceptions for tornado damage caused by wind.

Helpful Resources for Idaha Homeowners

A helpful site for homeowners in Idaho is the Idaho Department of Insurance. The homeowner page offers a variety of free resources for Idaho homeowners, some of which include:

Apply Online or In-Person

Applying online or in-person is a matter of preference, though some may prefer the face-to-face interaction when discussing policies in detail.

For those who prefer a digital approach, most providers offer online options for applying. 

Time Considerations

If you are buying a home, lenders require you to have a homeowners insurance policy in place before you can close. Although the state does not legally require homeowners to have their home insured, it is always recommended as a best practice. 

It’s important to keep your lender updated on insurance changes and never leave gaps in coverage or you may face fines or penalties.   

What You Need to Apply

Home inspection reports come in handy during the application process, as your inspector will have already answered many of the questions you will be asked.

Depending on the provider, you may also be required to supply details regarding any extensive renovations or repairs. 

Methodology

To determine the best homeowners insurance provider in Idaho, we used a few key factors. First we looked at each company’s market share in the state and selected only the largest providers. We then analyzed each company’s AM Best and J.D. Power ratings, as these scores are indicative of claim fulfillment and customer satisfaction.

From here, we then compared other relevant factors such as premium costs, discounts, and online resources.

On the basis of these findings, the following providers were selected for your review.

Best Idaho Homeowners Insurance Companies

American Family Insurance


Best Idaho Homeowners Insurance
American Family
American Family


Pros

  • Variety of online tools 
  • Competitive premiums
  • Multiple discounts

Cons

  • Average customer satisfaction

American Family Insurance is our top choice based on the combination of competitive premiums (under half the national average), the multitude of online tools offered, and the discounts, such as the home safety device discounts. Many of the online resources are free to non-members, too.

One drawback with American Family is that it has only achieved ‘average’ customer satisfaction with its customers. 

Metropolitan Insurance


Best Idaho Homeowners Insurance
Metropolitan Insurance
Metropolitan Insurance


Pros

  • Informative website
  • Easy to achieve discounts
  • Low premiums

Cons

  • Can’t file a claim online
  • Below average customer satisfaction

Metropolitan Insurance has a modern, highly-informative website that benefits members and non-members alike. This provider also makes it easy to achieve discounts that help lower already low premium costs, like having basic safety features in your home such as smoke detectors or sprinkler systems. 

One of the major limitations, despite the informative website, is that members can’t file a claim online. Additionally, the provider receives only average customer satisfaction with J.D. Power. 

Farm Bureau Mutual Insurance Company of Idaho


Best Idaho Homeowners Insurance
Farm Bureau Mutual of Idaho
Farm Bureau Mutual of Idaho


Pros

  • Low premium
  • Multiple discounts
  • Farm and ranch coverage

Cons

  • Not ranked by J.D. Power

Farm Bureau Mutual Insurance Company of Idaho makes our list based on its specialized knowledge and policies for farm and ranch owners. Additionally, it averages the lowest premiums in the state.

Customer satisfaction has yet to be verified by J.D. Power, but our preliminary investigations revealed no sign of significant negative feedback.

Grange Insurance Association


Best Idaho Homeowners Insurance
Grange Insurance
Grange Insurance


Pros

  • A+ rating with BBB
  • Offers a variety of discounts for members

Cons

  • Lack of online tools and resources

Grange has served farm and ranch owners in Idaho and five other states since 1894. It offers policies with the state’s climate and agricultural considerations in mind, and provides discount opportunities for things you would likely have in your home anyway, such a smoke detector.

Though it’s not accredited with the BBB, Grange has earned an A+ rating with the Better Business Bureau. Unfortunately, Grange is a bit outdated in the online resources department compared to other providers on this list. 

Farmers Insurance


Best Idaho Homeowners Insurance
Farmers
Farmers


Pros

  • Strong online presence
  • Multiple policies and coverage options
  • Offers claim forgiveness

Cons

  • Not as financially strong as other companies

Unlike Grange, Farmers Insurance has a sleek website that makes it easy to learn about and update your policy. It also has a three-tier policy structure which makes it easy to select customizable coverage. Additionally, it offers claim forgiveness which affects possible increases in your premiums. 

Financial strength is the one area where Farmers does not shine among the competition. AM Best gives it a B++ rating, which is not as high as the other providers on this list. 

The Cheapest Homeowner Insurance Companies In Idaho

Homeowner  Insurance CompaniesAverage Annual Premium
Metropolitan Insurance$442
Farm Bureau Mutual Ins. Company of Idaho$488
Grange Insurance Association$524
Oregon Mutual Insurance Company$524
American Family Insurance$537
Mutual Of Enumclaw Insurance Company$620
Garrison Property & Casualty Ins. Company$650
USAA$734
Farmers Insurance$843
Travelers$844
Allstate$860
State Farm$1,458
Average Across Credit Rating Tiers$710

Homeowner  Insurance by Age of Home

Age of HomeAverage Annual Premium
5$730
20$992
35$996
50$977
Average Across Ages$923

Quadrant home insurance rate data as of  12/01/2019. 

These rates are a sample set meant only for general comparison. Your own premium will vary. Learn how we tested rates for the cheapest home insurance companies in our methodology.

Top 3 Cheapest Homeowner Insurance Companies in Idaho

  • Metropolitan Insurance – $442
  • Farm Bureau Mutual Insurance Company of Idaho – $488
  • Grange Insurance Association – $524

Top 3 Most Expensive Homeowner Insurance Companies in Idaho

  • State Farm – $1,458
  • Allstate – $860
  • Travelers – $844

The cheapest homeowners insurance provider in Idaho is Metropolitan Insurance with an average premium of $442, whereas the most expensive is State Farm with $1,458. 

Remember: many factors determine the cost you will pay for homeowners insurance, so these average prices don’t necessarily represent how much you yourself would pay for coverage. To get a more accurate quote, you will need to contact each provider directly. 

Homeowners Insurance FAQ

About the Authors

Lauren Ward

Lauren Ward Contributing Writer

Lauren Ward is a personal finance writer who regularly covers consumer insurance products. Her work has appeared in a variety of online publications, including Bankrate and The Simple Dollar. She graduated from Georgetown University with a BA in Japanese.