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The Best Cheap New Hampshire Homeowners Insurance for 2023

Dana George
By: Dana George

Our Insurance Expert

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

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.

  • Cheapest overall for New Hampshire: Vermont Mutual
  • Cheapest for new home construction: Metropolitan
  • Cheapest for older homes: Vermont Mutual
  • Cheapest for homeowners who have filed a claim: Vermont Mutual

Cheapest overall for New Hampshire

For cheap homeowners insurance in New Hampshire, Vermont Mutual leads the pack. Still, each of these four companies is a contender:

  • Vermont Mutual, with an average annual rate of $585
  • Plymouth Rock, coming in with an average rate of $624
  • American Family, with an average annual rate of $643
  • Metropolitan, also competitive with an average rate of $679

Cheapest for new home construction

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:

  • Metropolitan, offering an average annual rate of $297
  • Nationwide, with an average annual rate of $357
  • Vermont Mutual, with an average annual rate of $414
  • Plymouth Rock, coming in with an average annual rate of $425

Cheapest for older 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:

  • Vermont Mutual with an average annual rate of $548
  • Plymouth Rock, offering an average annual rate of $561
  • American Family, with an average annual rate of $583
  • Metropolitan, offering a competitive rate of $605

Cheapest when you've made a claim

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:

  • Vermont Mutual, offering a forgiving rate of $617
  • Safety Group, coming in with an average annual rate of $723
  • Plymouth Rock, offering an average annual rate of $767
  • American Family, with an average annual rate of $782

Average home insurance cost in New Hampshire compared to the national average

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
Overall $884 $1,725
New home construction $543 $943
Older homes $878 $1,658
After making a claim $959 $1,803
Data source: Quadrant data.

New Hampshire homeowners insurance overview

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.

Different types of homeowners coverage

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.

Level of coverage

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.

Amount of deductible

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.

Potential discounts

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.

What are the most common homeowners insurance claims in New Hampshire?

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.

Lightning strikes and fire

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.

Homeowners insurance coverage options and discounts in New Hampshire

The best homeowners insurance in New Hampshire provides total coverage at a low price.

Coverage options

Here's a quick rundown of the eight types of homeowners insurance:

  • One type covers renters.
  • One covers mobile homes only.
  • The other six range from basic coverage to more extensive protection, and each is designed for non-mobile structures.

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.

Discount options

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:

  • Installing a burglar alarm saves an average of 13%.
  • Having a smoke alarm saves an average of 10%.
  • Upgrading the plumbing system saves an average of 10%.
  • A roof upgrade saves an average of 12%.
  • Bundling home and auto coverage can save a whopping 30%.

Five cheapest cities in New Hampshire for homeowners insurance

As an insurer determines premiums, it takes many factors into account, including:

  • Area crime rate
  • Value of surrounding property
  • Cost to rebuild
  • How far a home is from a fire station

Here are the five cheapest cities in New Hampshire for homeowners insurance:

City Name Average Home Insurance Rate
Milford $795
Antrim $797
Nashua $804
Peterborough $805
Keene $808
Data source: Quadrant data.

Five most expensive cities in New Hampshire for homeowners insurance

Here are the five most expensive cities in New Hampshire for homeowners insurance:

City Name Average Home Insurance Rate
Rye Beach $1,027
Hampton $955
East Hampstead $954
West Nottingham $939
East Hebron $935
Data source: Quadrant data.

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