Average homeowners insurance cost in Caldwell, ID

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Our data shows that the average cost of homeowners insurance in Caldwell is $1,892 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $690 less than the national average of $2,582 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Caldwell depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide for more info on how much homeowners insurance costs per month in Caldwell, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Caldwell.

Key Takeaways

Homeowners insurance costs $1,892 per year in Caldwell.
At $1,156 per year, Nationwide offers the cheapest homeowners insurance in Caldwell.
Your home insurance rates increase by $470 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost per month

Residents of Caldwell pay an average of $158 per month for homeowners insurance. This is $5 less than the state average of $163 and $57 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Caldwell can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Caldwell, ID, homeowners pay an average of $1,422 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

Homeowners in Caldwell typically pay an average of $1,892 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $470 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Caldwell by company

Among the carriers we analyzed, Nationwide is the most affordable homeowners insurance company in Caldwell. Its average annual rate for homeowners in Caldwell is $1,156 , while American Family ranks second.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Caldwell and compiled a list of the most affordable home insurance companies.

Below are details of Caldwell home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Nationwide	$1,156
American Family	$1,248
Allstate	$1,373
Farmers	$1,919
State Farm	$1,957
Farm Bureau	$2,974
USAA*	$2,060

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

Combining your home insurance with other policies, like auto insurance, can result in significant savings. Insurers often provide discounts to policyholders who bundle their policies, helping you reduce premiums. Bundling lowers your premiums and simplifies managing your insurance with one company.

Natural disasters in Idaho that can impact your home insurance

Natural disasters are a part of life in Idaho, often leading to expensive insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

Idaho is commonly affected by Cold wave and Landslide.

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

Pro tip: Review your policy annually

There’s little time to prepare for a natural disaster, and it’s too late to make changes once a storm is on the radar. Make sure your homeowners insurance includes coverage for the types of disasters common in your area. Standard policies don’t always cover everything, like flood damage, so double-check exclusions and consider add-ons if you need them.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Caldwell for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.