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Last updated on Oct 06, 2020

The Best Idaho Homeowners Insurance Company

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    Purchasing a homeowners insurance policy is one of the most important decisions Idaho residents will make. Residents need to ensure they’re getting the best homeowners insurance available, but they also need insurance products that are affordable and provide coverage for their unique needs.

    Among our top contenders, we believe that American Family provides some of the best options for Idahoans seeking the best homeowners insurance plans. AmFam receives the highest rating in terms of financial strength and boasts the highest rate of customer satisfaction out of the companies we’ve selected for this list.

    Our team compiled this list of the best homeowners insurance companies in Idaho based on market share, coverage options, available discounts, financial strength, and customer satisfaction. Take a look through our complete guide to find the insurance provider that’s right for you!

    The 5 Best Homeowners Insurance Companies in Idaho

    • American Family
    • Metropolitan Insurance
    • Farm Bureau Mutual of Idaho
    • Grange Insurance
    • Farmers

    Compare Idaho’s Top Insurance Companies

    CompanyAverage PriceAM Best Financial StrengthJ.D. Power Overall Customer Satisfaction
    American Family$537A821/1,000
    Metropolitan Insurance$442A+824/1,000
    Farm Bureau Mutual of Idaho$488AN/A
    Grange Insurance$524AN/A
    Farmers$843A814/1,000

    Best Idaho Homeowners Insurance Companies

    American Family

    American Family tops our list of best homeowners insurance companies in Idaho for its competitively priced premiums, wide variety of online tools, and broad availability of discounts. While AmFam isn’t the best in terms of customer service, the company more than makes up for this with its affordable rates and advanced tools.

    American Family

    Best Overall

    Why we chose it

    We included American Family on our list of best homeowners insurance providers in Idaho for its low premiums, intuitive online tools, and range of available discounts.
    • 3.75 Reviews Score
    • A AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 821* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    We included American Family on our list of best homeowners insurance providers in Idaho for its low premiums, intuitive online tools, and range of available discounts.

    Pros

    • Affordable coverage
    • Variety of discounts
    • Online tools

    Cons

    • Average customer satisfaction
    Read More

    Discounts Available

    • Safe, Secure, Smart Home Discount
    • Age of Home Discount
    • Insurance Payment Discount
    • Bundle & Save Discount
    • Renovated Home Discount
    • Loyalty Discount
    • Generational Discount

    Unique Features

    One of the most unique features about American Family is that its advanced tools aren’t limited to members. Even non-members can enjoy a superior homeowners insurance shopping experience! 

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Metropolitan Insurance

    Also known as MetLife, Metropolitan Insurance places second on our list for its easily obtained discounts, affordable rates, and modernized website. While you can’t file a claim online and customer satisfaction ratings fall below average, Metropolitan’s combination of discounts and already-low rates are difficult to pass up!

    Metropolitan Insurance

    Most Affordable

    Why we chose it

    With affordable rates, great customer support, and a modern website, adding MetLife to our list of best homeowners insurance providers was an easy choice.
    • 3.5 Reviews Score
    • A+ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 824* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A- BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    With affordable rates, great customer support, and a modern website, adding MetLife to our list of best homeowners insurance providers was an easy choice.

    Pros

    • Affordable coverage
    • Variety of easily obtained discounts
    • Modern, informative website

    Cons

    • Unable to file claims online
    • Below-average customer satisfaction
    Read More

    Discounts Available

    • Home safety discounts
    • Multi-policy discounts
    • Employer/membership discounts

    Unique Features

    While other companies might make it more difficult to receive discounts on homeowners insurance, Metropolitan makes it simple by including discounts for even the most common home safety features, such as smoke alarms.  

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Farm Bureau Mutual of Idaho

    While not much is known about Farm Bureau Mutual of Idaho in terms of customer satisfaction, this company is certainly worth your time for its low premiums, available discounts, and coverage for ranchers and farmers. Especially if you’re an Idaho farmer, Farm Bureau has some of the best homeowners insurance products available.

    Farm Bureau Mutual of Idaho

    Best for Easy Discounts

    Why we chose it

    Featuring great insurance options for farmers and ranchers along with affordable premiums, Farm Bureau Mutual of Idaho was a must-have on our list of best homeowners insurance providers in the state.
    • 3.3 Reviews Score
    • A AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Featuring great insurance options for farmers and ranchers along with affordable premiums, Farm Bureau Mutual of Idaho was a must-have on our list of best homeowners insurance providers in the state.

    Pros

    • Affordable coverage
    • Variety of discounts
    • Coverage for ranchers and farmers

    Cons

    • Not ranked by J.D. Power
    • Average BBB rating
    Read More

    Discounts Available

    • Idaho Farm Bureau Federation membership discounts
    • Home safety discounts

    Unique Features

    In addition to its available discounts and already-low premiums, Farm Bureau also offers a Rewards Program to reward customers for their referrals.  

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Grange Insurance

    If you can’t find the insurance coverage you need at Farm Bureau, Grange Insurance also has great coverage options for farmers and ranchers in the region. While its online resources may be a bit dated, Grange makes up for it by providing some impressive discounts and exceptional customer service.

    Grange Insurance

    Best Coverage Variety

    Why we chose it

    Yet another great homeowners insurance provider, Grange features solid coverage options for farmers and ranchers along with impressive discounts and customer service ratings.
    • 3.5 Reviews Score
    • A AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Yet another great homeowners insurance provider, Grange features solid coverage options for farmers and ranchers along with impressive discounts and customer service ratings.

    Pros

    • Above-average customer satisfaction
    • Variety of discounts and coverages
    • Policies for ranchers and farmers

    Cons

    • Dated website with limited online tools
    Read More

    Discounts available

    • Multiple policy discount
    • Advance quote discount
    • Prompt payer/paid-in-full discount
    • DIY home inspection discount
    • Home maintenance discount
    • Smart fire alarm discount
    • Claim-free discount

    Unique features

    Perhaps one of the most unique offerings from Grange Insurance is its coverage options for assisted living care: If you have a loved one in assisted living, you can opt for coverage of their personal belongings while they’re away.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Farmers Insurance

    Farmers Insurance is one of the more well-known homeowners insurance companies in Idaho. With a sleek website and strong online presence, this company also offers a broad variety of coverage options. And its three-policy structure certainly makes it easy for homeowners to customize their coverage options.

    Farmers

    Best for Customization

    Why we chose it

    We chose to include Farmers Insurance for its strong online presence, three-policy structure, and customizable coverage options.
    • 3.5 Reviews Score
    • A AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 814* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    We chose to include Farmers Insurance for its strong online presence, three-policy structure, and customizable coverage options.

    Pros

    • Customizable coverage options
    • Strong online presence
    • Claim forgiveness

    Cons

    • More expensive if you aren’t bundling policies
    Read More

    Discounts available

    • Multiple policy discount
    • Non-smoker discount
    • Home renovation discount
    • New home discount
    • UL-approved roofing discount
    • Home safety discount
    • Rent-to-own discount

    Unique features

    With Farmers Insurance, homeowners may be eligible for claim forgiveness, which can decrease your risk for raising your monthly premium. Additionally, Farmers offers a broad variety of discounts for virtually any situation.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Average Cost of Homeowners Insurance in Idaho

    According to the Insurance Information Institute, the average cost of homeowners insurance in Idaho is $730 as of 2017. This makes Idaho the third-most affordable state for homeowners insurance premiums. The average cost of homeowners insurance nationally is $1,211.

    Home Insurance Add-Ons That Will Further Protect You

    As we mentioned above, certain homeowners insurance companies in Idaho offer additional coverage options that may provide further benefit than the standard coverages provided. For example, if you own a farm or ranch, you may be able to take advantage of specific coverage optionss designed for these types of properties. Coverage may include farming equipment, crop damage, weather damage, and more. Specifically, Farm Bureau Mutual of Idaho offers multiple peril crop insurance and crop-hail insurance, providing farmers and ranchers with yield protection, revenue protection, livestock revenue protection, and other unique coverages.

    Depending on where you live in Idaho, you may also wish to consider flood insurance coverage as an add-on for your homeowners insurance. While southwestern regions of the state may not require such coverage, those living near the Snake River or Central Plains can experience up to 50” in annual rainfall.

    The Cheapest Homeowners Insurance Companies in Idaho

    Largest Companies by Market Share in IdahoAverage Annual Premium
    Metropolitan Insurance$442
    Farm Bureau Mutual Insurance 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 Insurance Company$650
    USAA$734
    Farmers Insurance$843
    Travelers$844
    Allstate$860
    State Farm$1,458

    Cost of Homeowners Insurance by Age of Home

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

    Top 3 Cheapest Homeowners Insurance Companies in Idaho

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

    Top 3 Most Expensive Homeowners Insurance Companies in Idaho

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

    Helpful Resources for Idaho Homeowners

    For residents seeking additional information about their homeowners insurance needs, property taxes, and other useful resources, they may find the information they seek through the Idaho Department of Insurance. Additionally, the Idaho State Tax Commission provides excellent resources for those seeking further information about their property tax obligation and state-specific exemption programs.

    Homeowners Insurance FAQ

    Methodology

    We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best providers. To compare home insurance companies across the board, we then calculated a Reviews.com score based on the following:

    • Customer Ratings — Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using J.D. Power Homeowners Satisfaction 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 will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best’s ratings, which specializes in assessing the financial strength of insurance companies.
    • 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 NAIC National Complaint Index.

    About the Authors

    Carly Severino is a freelance copywriter and editor with more than 15 years of writing experience, and is the current founder of Word Nerd Writing & Editing Services. She writes about insurance and personal finance in publications such as Reviews.com, Bankrate, The Simple Dollar and Coverage.com.

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