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Buying homeowners insurance is part and parcel of being a homeowner, but choosing the right coverage can feel intimidating. If you're shopping for homeowners insurance, we're here to help. We'll help identify the best homeowners insurance in New Hampshire, show you the cheapest policies in the state, and outline what to look for when choosing a New Hampshire home insurance policy.
For cheap homeowners insurance in New Hampshire, Vermont Mutual leads the pack. Still, each of these four companies is a contender:
It's tough to beat the excitement of moving into a brand new home. One thing that surprises some buyers, though, is how inexpensive insuring a new home can be. That's because insurance companies know that all the components of a new house are unlikely to fall apart anytime soon. That means less chance of a leaky roof, flooding under the kitchen sink, or other perils an older home may face. The expected savings get passed on to the homeowner through lower insurance premiums. Here are the cheapest New Hampshire home insurance providers for newly built homes:
Older homes are often filled with unbeatable character. The problem is that older homes tend to present more problems along with all that character. Things like dry rot and foundation issues frequently lead to insurance claims. And that's why insurers charge more to cover an older home. In New Hampshire, these four companies offer the lowest rates on older homes:
When trouble hits, it's comforting for homeowners to have a comprehensive insurance policy to protect against financial hardship. However, once a claim is made, they should expect their insurance company to raise insurance premiums for a time. The premium increase does not last forever, but it's still worth knowing that it can happen. For a New Hampshire homeowner who has made a claim, these four insurance companies offer the best rates in the state:
The average cost of homeowners insurance in New Hampshire is $884, nearly 49% lower than the national average of $1,725.
|Average Rate Category||New Hampshire||National Average|
|New home construction||$543||$943|
|After making a claim||$959||$1,803|
The best homeowners insurance in New Hampshire offers complete coverage at an affordable price. The following information can make it easier to determine if a homeowner is getting all the coverage they require.
Insurance companies typically offer six types of homeowners coverage. These policies range from basic up to comprehensive coverage. The best homeowners insurance companies offer them all. There are so many options it can be difficult to make a decision. Making a list of desired coverages before rate shopping can help. For example, if a person's new home includes a room dedicated to fine art, a homeowner can be sure that a barebones policy will not cover them in the event of a loss.
While a basic policy is typically the cheapest option, it's unlikely to fully cover all losses. Although a homeowner should shop for the best price, it should not be at the expense of adequate coverage. A homeowner should determine the level of coverage they will need to repair or rebuild their home if it is damaged or destroyed. Once that's determined, it's time to shop for the best insurance rates on that level of coverage.
When a homeowner makes a claim, they pay an insurance deductible toward the cost of repair or replacement. Let's say there's a kitchen fire that will cost $15,000 to repair. If there's a $1,000 deductible on the policy, the homeowner pays the contractor $1,000, and the insurance company covers the remaining $14,000. The lower the homeowner's deductible, the more their policy will cost. One way a homeowner can keep premiums low is to choose a higher deductible.
One of the best ways to land cheap homeowners insurance in New Hampshire is to take advantage of all insurer discounts. It is impossible to fairly compare one policy to another without knowing how much each policy costs after discounts are factored in. Nearly every insurance company offers a menu of home insurance discounts. Discounts cover everything from whether the home has smoke detectors to whether the electrical system has been recently upgraded.
Knowing the types of claims most commonly filed with New Hampshire home insurance can help a homeowner purchase a policy offering the financial security they need.
Windstorms are one of the most common reasons for claims across the U.S. -- including New Hampshire. In addition to tearing off roof shingles, wind can knock down trees and other tall structures, damaging anything below.
Another common claim in the U.S. is lightning strikes and fire. Sometimes the two are related, and sometimes they're isolated events. In any case, in a state with four seasons like New Hampshire, both lightning strikes and fires are to be expected.
Whether it's due to a rainstorm or an unexpected wave of tidal water, flooding is common in New Hampshire. However, the standard homeowners insurance excludes water damage from a flood. This includes flooding of all kinds, from sewer backups, well water seeping into the basement, sump pump failure, clogged drains, rain, or the overflow of a body of water.
Still, New Hampshire homeowners need flood coverage to protect their assets. The only source for flood insurance in the state is The National Flood Insurance Plan (NFIP). Once a homeowner decides which insurance company they want to work with, it's time to ask their agent about how much flood coverage they should purchase.
The best homeowners insurance in New Hampshire provides total coverage at a low price.
Here's a quick rundown of the eight types of homeowners insurance:
A comprehensive homeowners policy may also include coverage for luxuries such as upgraded building materials or specialty rooms (like a wine cellar). A homeowner can also buy additional coverage for valuable items like artwork or expensive jewelry. The best insurance companies offer a wide variety of coverage, making it easier to meet the policyholder's needs.
Finding cheap homeowners insurance in New Hampshire depends, in part, on claiming as many discounts as a homeowner is eligible for. Here are some of the most common discounts:
As an insurer determines premiums, it takes many factors into account, including:
Here are the five cheapest cities in New Hampshire for homeowners insurance:
|City Name||Average Home Insurance Rate|
Here are the five most expensive cities in New Hampshire for homeowners insurance:
|City Name||Average Home Insurance Rate|
How does a homeowner know they've landed the best homeowners insurance in New Hampshire? When they're paying a fair price for a policy that helps them sleep easier at night.
Our Insurance Expert
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The data found on this page is a combination of publicly available quote data obtained directly from the carrier as well as insurance rate data from Quadrant Information Services. These rates were publicly sourced from the top ten (10) to fifteen (15) carrier markets, within each state, based on annual written premium and should be used for comparative purposes only -- your own quotes may be different.
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