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New Hampshire Homeowners Insurance Quotes
The Granite state has been called a land of contrasts and that description seems pretty accurate to us. We have quaint towns like Hanover as well as wild landscapes that are perfect for hiking, tracking moose or an afternoon of skiing.
Despite the fact that New Hampshire is the fourth smallest state in the country we have plenty of larger cities that are a great place to work and raise a family. Regardless of whether you are moving to Manchester, which is the largest city in New Hampshire with a population of 110,000, or Portsmouth, which is the 10th largest city, you will find both a strong economy and tons of restaurants and cultural activities.
The capital of New Hampshire, Concord, is a lovely place to live and offers a variety of golf courses, hiking trails and theaters to occupy your free time. Dover, which is located between mountains and the ocean, is a great place to call home. Its location allows you to spend one weekend exploring the seaport and the next climbing to the top of nearby mountains.
If you are thinking of moving to New Hampshire here are a few facts that you should know about our great state.
New Hampshire Facts
New Hampshire currently has a population of roughly 1,316,470 people, which translates into roughly 1,741 households per zip code. Regardless of whether you are moving to Nashua or Rochester the average number of people living in a household is three.
Housing is very affordable with the average house value coming in at $100,497. The average household income is a bit below the national average at $38,195.
Homeowners Insurance in New Hampshire
Homeowners insurance is a bargain in New Hampshire, everyone from Hillsborough country residents to the folks that call Rockingham county home are paying roughly $885 a year for homeowners insurance which is 19.25 percent below the national average of $1,034.
While homeowners insurance is well priced in New Hampshire there are a few ways to lower your costs:
Shop Around: This is probably the best way to lower your insurance costs. Whether you live in Merrimack County or Grafton County, shopping your coverage will usually result in a lower premium. Insurers rate risk differently so finding the insurer that likes your type of risk may take some legwork. We can help by comparing up to 12 of the most competitive carriers for your home in New Hampshire with a savings of up to 40% or more if we can apply all the discounts.
Discounts: Always ask your agent or insurance company to verify that you are receiving every home insurance discount you are entitled to receive. Insurers offer discounts for everything from bundling to going paperless with your policy. The discounts can add up to serious savings.
Upgrade Your Home: If your are living in Strafford county or any other area in New Hampshire that can experience severe weather, consider upgrading your home with storm shutter, or wind resistant roofing materials. Home upgrades will usually result in a big discount.
Other factors to consider when looking for homeowners insurance is what type of policy your actually need. Homeowners insurance comes in a few different types, here is a quick overview:
- HO-3: This is considered a standard homeowner policy and the one that most people use. It covers all perils, except those that are specifically excluded by the policy. Exclusions can vary by policy but always exclude earthquake and flood damage.
- H0-6: If you live in a condo or co-op in the city of Salem or any other city in New Hampshire this is the policy you need. A HO-6 policy protects both your personal belongings as well as the structural part of the building that you actually own. These policy types are listed peril policy types so it will cover the 16 specific perils listed on the policy.
- HO-4: This is a renter’s insurance policy. It provides protection for renter’s personal items. It also offers liability protection if someone is injured in their apartment.
Factors to Consider in New Hampshire
There are parts of New Hampshire that are located on the coast and severe weather can push up the cost of coverage if you are located in a storm prone area.
While tornadoes are fairly uncommon, hail damage does occur in New Hampshire and can do serious damage to your roof and siding. If the damage is minimal, it is best to pay for it out of pocket, you should always save homeowners insurance for the major disasters, frequent small claims can push your premium up dramatically.
If you are moving to the New Hampshire and need a new homeowners policy we can help. Our national insurance partners can help you find the best policy at a great price.
Contact us today to get started finding a great new policy.
Average Homeowners Insurance Premiums in New Hampshire
With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what New Hampshire homeowners are paying on average. Did you know that the average homeowners insurance premium in New Hampshire is $1048? New Hampshire is now ranked 34 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in New Hampshire is 20.06% less than the national average.
| Year | Average Annual Premium | Average Monthly Premium | State Rank (Overall) |
|---|---|---|---|
| 2020 | $1048 (2.6%) | $ 87 | 34 |
| 2019 | $1021 (3.8%) | $ 85 | 34 |
| 2018 | $984 (1.23%) | $ 82 | 36 |
| 2017 | $972 (0.72%) | $ 81 | 35 |
| 2016 | $965 (2.52%) | $ 80 | 36 |
When we combine the state averages over the last decade, the New Hampshire overall average is estimated to be around $949.87. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. New Hampshire current state rank compare to the rest of the country is #34. Consider shopping your New Hampshire home insurance with us so we can help you save up to 40% or more on your policy.
Find Local NH Homeowners Insurance Quotes & Coverage
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New Hampshire Homeowners Insurance News & Information
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$4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024
According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]
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I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024
According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]
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How to Get the Best Homeowners Insurance Policy for Your Needs Posted on Wednesday 6th November, 2024
Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm. Understanding the different coverages that are available to homeowners is key to making sure you […]
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Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024
According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high. “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]
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Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024
According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]
New Hampshire Housing & Real Estate Data
| Details: | Staticstics |
|---|---|
| Total Housing Units | 614754 |
| Occupied Housing Units | 518973 |
| Vacant Housing Units | 95781 |
| Vacant Housing Units for Rent | 13293 |
| Vacant Housing Units Rented Not Occupied | 787 |
| Vacant Housing Units For Sale | 7521 |
| Vacant Housing Units Sold Not Occupied | 1393 |
| Vacant Housing Units For Seasonal Occasional Use | 63910 |
| Vacant Housing Units All Other Vacants | 8877 |
| Housing Units Homeowner Vacancy Rate Percent | 2 |
| Housing Units Rental Vacancy Rate Percent | 8.1 |
| Housing Tenure Occupied Units | 518973 |
| Housing Tenure Occupied Units Owner Occupied | 368316 |
| Housing Tenure Occupied Units Owner Occupied Population | 954287 |
| Housing Tenure Occupied Units Owner Occupied Averge Household Size | 2.59 |
| Housing Tenure Occupied Units Renter Occupied | 150657 |
| Housing Tenure Occupied Units Renter Occupied Population | 322079 |
| Housing Tenure Occupied Units Renter Occupied Average Household Size | 2.14 |
Understanding New Hampshire Homeowners Insurance
When shopping for New Hampshire homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:
- HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
- H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
- HO-4: If you are looking for New Hampshire renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.
While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.
If you are shopping for a new home in New Hampshire, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different New Hampshire rates and coverage options.