Average homeowners insurance cost in Idaho

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Idaho homeowners insurance costs $1,950 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Idaho.

Key Takeaways

Homeowners insurance costs an average of $1,950 a year, based on Insure.com analysis.
Of all the ZIP codes in Idaho, 83708 has the most affordable home insurance rates at around $1,756 annually.
In Idaho, Nationwide provides the most affordable home insurance at an average annual premium of $1,313.

Average home insurance cost in Idaho by coverage level

The average cost of homeowners insurance in Idaho is $1,950 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $2,438 per year for homeowners insurance in Idaho for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Idaho for dwelling coverage of $300,000, $400,000 and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,466	$122
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,476	$123
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,950	$163
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,961	$163
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,438	$203
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,449	$204
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,415	$285
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,427	$286
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$5,308	$442
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$5,321	$443

Homeowners insurance companies in Idaho decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Idaho

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Idaho using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Idaho. Based on the analysis, American Family received the lowest NAIC score and A rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
American Family	$1,384	A	0.37	5
Farmers	$1,802	A	0.54	4.8
Nationwide	$1,313	A+	0.87	4.39
Idaho Farm Bureau	$3,017	A	0	4.19
Allstate	$1,727	A+	0.9	4.01
State Farm	$2,217	A++	0.95	3.61

Average homeowners insurance cost by company in Idaho

Nationwide has the cheapest homeowners insurance rates in Idaho. Its average annual cost for Idaho homeowners is $1,313. American Family and Allstate also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Idaho with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Nationwide	$1,313	$109
American Family	$1,384	$115
Allstate	$1,727	$144
Farmers	$1,802	$150
State Farm	$2,217	$185
Idaho Farm Bureau	$3,017	$251
USAA*	$2,085	$174

*USAA is only available to military community members and their families.

Idaho homeowners insurance rates by ZIP code

Insurance companies in Idaho assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Idaho. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Idaho

Home insurance costs vary across different areas in Idaho. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 83708 ZIP code has the lowest home insurance rates in Idaho, at $1,756 annually or $146 per month.

Here are the homeowners insurance rates for some of the most affordable ZIP codes in Idaho.

ZIP code	Average annual rate	Average monthly rate
83708	$1,756	$146
83704	$1,762	$147
83646	$1,795	$150
83709	$1,798	$150
83815	$1,801	$150
83642	$1,816	$151
83843	$1,817	$151
83814	$1,823	$152
83872	$1,830	$153
83810	$1,831	$153

Most expensive ZIP codes for home insurance rates in Idaho

In Idaho, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 83539 ZIP pay the highest insurance rates in Idaho, with an average annual premium of $2,176.

Below is a list of some of the most expensive ZIP codes in Idaho for homeowners insurance.

ZIP code	Average annual rate	Average monthly rate
83539	$2,176	$181
83546	$2,165	$180
83552	$2,158	$180
83531	$2,134	$178
83638	$2,122	$177
83263	$2,085	$174
83228	$2,079	$173
83286	$2,077	$173
83805	$2,075	$173
83622	$2,074	$173

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Idaho by city

See rates in your city

Home insurance rate trend in Idaho

We analyzed home insurance rate trends in Idaho and found that homeowners insurance rates experienced an overall increase of 4% or $71, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$1,443	$1,879	$1,950

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Idaho.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.