Average homeowners insurance cost in Idaho Falls, ID

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Idaho Falls is $1,936 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $646 less than the national average of $2,582.

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

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

Nationwide is the cheapest homeowners insurance company in Idaho Falls with an average annual premium of $1,936 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Idaho Falls. Keep reading to learn about the monthly cost of homeowners insurance in Idaho Falls, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Idaho Falls.

Key takeaways

The average cost of homeowners insurance in Idaho Falls is $1,936 per year.
Nationwide is the cheapest homeowners insurance company in Idaho Falls with an average annual premium of $1,289.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $476 more a year for home insurance.

Average homeowners insurance cost in Idaho Falls per month

According to Insure.com’s rate analysis, residents of Idaho Falls pay an average of $161 per month for homeowners insurance. This is $2 less than the state average of $163 and $54 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Idaho Falls can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Idaho Falls

The average cost of homeowners insurance in Idaho Falls, ID is $1,460 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Idaho Falls

Based on a rate analysis conducted by Insure.com, Idaho Falls residents pay an average of $1,936 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $476 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Idaho Falls by company

Among the carriers analyzed, Nationwide is the most affordable homeowners insurance company in Idaho Falls, offering an average annual rate of $1,289.

American Family ranks second, while Farmers holds the third spot with an average annual rate of $1,721.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Idaho Falls and compiled a list of the most affordable options.

Below are the details of home insurance companies in Idaho Falls and their average annual premiums.

Home Insurance Company	Annual rate
Nationwide	$1,289
American Family	$1,310
Farmers	$1,721
Allstate	$1,845
State Farm	$2,146
Farm Bureau	$3,019
USAA*	$2,115

Methodology

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