Average homeowners insurance cost in Idaho

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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Idaho is $1,950 a year.

Continue reading to learn more about homeowners insurance rates in Idaho by ZIP code and insurer.

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

Before purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs.

We evaluated insurance companies in Idaho based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that 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 provides the most affordable homeowners insurance in Idaho, with an average annual premium of $1,313. American Family and Allstate also offer cheap home insurance rates.

Shopping around for homeowners insurance can help you save hundreds of dollars annually.

Here are the average annual and monthly insurance rates for homeowners in Idaho with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, 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

In Idaho, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Idaho. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in Idaho

Homeowners insurance costs in Idaho can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 83708 area has the most affordable insurance rates, at $1,756 annually or $146 monthly.

Below are the homeowners insurance rates for 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

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Idaho, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Idaho, 83539 has the highest homeowners insurance rates, at $2,176 per year.

Here, we’ve highlighted 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 following data highlights the changes in homeowners insurance rates since 2019.

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

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting 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.