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Click at least 2-3 companies to find the very best rate.
Best for Customer Support
AM Best Financial Strength Rating 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 Customer Satisfaction Score J.D. Power scores are based on surveys for customer satisfaction and product quality.
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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:
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.
*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
Average Annual Premium*
Mutual of Enumclaw
*Data from Bankrate.com
Top 3 Most Expensive Home Insurance Companies in Idaho
Average Annual Premium*
*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.
There isn’t one best home insurance company in Idaho. Each homeowner has a unique rating profile and particular wants and needs, so the best company will differ depending on the person. Understanding your needs and shopping around can help you find the right company.
No, not by law. However, if you have a mortgage on your home, your lender very likely requires you to have a home insurance policy. Home insurance is generally a good purchase, even if you own your home in full, as it can help protect your finances against high repair costs.
Idaho homeowners enjoy low average home insurance premiums, but there are a few things you can do if your budget is especially tight. Shopping around and comparing rates can help you find a cheaper policy, as can taking advantage of discounts.
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).
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.