Homeowners Insurance in Idaho

Finding a homeowners insurance policy doesn’t need to be confusing. Compare rates by city and insurance company below.

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How to find affordable home insurance in Idaho


Home insurance is an optional — but important — product that works to keep your belongings safe in the event your home suffers damage from common incidents. Home insurance protects your house and property from a number of circumstances, such as wind damage, fire, theft, vandalism, and more.

Unlike auto insurance, home insurance isn't priced based on state-level legislation. That said, major gaps exist in homeowners insurance costs from state to state. Homeowners insurance prices in a given state may vary based on the total number and value of home insurance claims filed statewide, and depend on the value of the belongings and home insured on the policy.

The best way to acquire a cheap homeowners insurance policy in Idaho is to get quotes from a variety of insurance companies. Learn more about home insurance rates in Idaho via the below breakdown. Remember: your rates will vary, depending on your coverage limits.


Idaho home insurance:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage amount
  4. Rates by deductible level
  5. Bundling home and auto insurance
  6. FAQs


Home insurance rates in Idaho by carrier

Rates for home insurance in Idaho vary depending on which insurance company you select. Safeco offers the most affordable home insurance policies in Idaho, at only $437 each year. This compares favorably to Idaho's average rate of $982, providing a $545 price cut on average statewide homeowners insurance costs.

Start shopping for affordable homeowners coverage by viewing average rates from top Idaho companies, listed below.


AFFORDABLE HOME INSURANCE COMPANIES IN IDAHO
CompanyAverage Annual Rate in Idaho
Safeco$437
Farm Bureau$495
Oregon Mutual$667
American Family$824
Enumclaw$914


Idaho home insurance costs by city

Not all Idaho cities have the same homeowners insurance rates. Policy pricing depends on local variables such as the number of claims filed nearby, meaning your ZIP code could have a major impact on how much you pay.

The cheapest homeowners insurance in Idaho is found in Meridian. A typical homeowners insurance term in Meridian totals just $852 per year — $130 less than the average homeowners policy in other Idaho cities. The below cities have the most affordable home insurance in Idaho.


AFFORDABLE HOME INSURANCE BY CITY IN IDAHO
CityAverage Yearly Home Insurance Rate
Meridian$852
Boise$857
Eagle$871
Kuna$872
Post Falls$904


Homeowners insurance rates in Idaho by coverage levels

Your chosen amount of homeowners coverage has an impact on the insurance premiums you pay . Homeowners in Idaho who carry $100,000 of dwelling coverage pay an average of $450 per year, while those with dwelling coverage of $400,000 pay around $1,173 per year.


HOMEOWNERS INSURANCE RATES IN IDAHO — COMMON COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$450
$200,000 Dwelling$706
$250,000 Dwelling$819
$400,000 Dwelling$1,173


Compare Homeowners Insurance Rates


Home insurance deductibles in Idaho

Homeowners have a lot of choices to make when shopping for a homeowners insurance policy, including how much their deductible should be. The deductible is the amount the insured is responsible for paying toward a covered loss. Where you set your deductible can be a large factor in the cost of your insurance coverage.

When choosing a deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. As such, if you want your insurance rates to stay low, aim for a higher deductible. Remember: your deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

Have a look at some of the normal deductibles offered by home insurance companies and an approximation of average premiums.


HOMEOWNERS INSURANCE PREMIUMS BY DEDUCTIBLE TIER IN IDAHO
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$895
$1,000$819
$1,500$775
$2,000$737
$5,000$641


How to save: bundle home and auto insurance in Idaho

If you’re seeking ways to save on your insurance expenditures, consider purchasing your home and auto policies from the same insurance company. A home and auto insurance bundle in Idaho can save you a substantial sum each month on your auto insurance bill. Purchasing bundled policies in Idaho leads to yearly savings of $98.


HOME AND AUTO INSURANCE BUNDLING SAVINGS IN IDAHO
Avg. Annual Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle Savings% Savings with Bundle
$993$895$9811%


A great way to save is to bundle your auto and homeowners insurance policies. Get started today!


Looking for information on home insurance in a specific city?

  1. Boise


Idaho homeowners insurance FAQs


Does GEICO offer home insurance in Idaho?

At this time, GEICO does offer home insurance in Idaho. It's mostly like through one of their partners.

Is home insurance required by law in Idaho?

No, homeowners will only be required by your mortgage provider in Idaho.

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Home insurance and earthquakes in Idaho

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Idaho experiences roughly 15 earthquakes each year, which means that Idaho residents may want to look into getting an earthquake insurance policy.* However, such protection doesn’t come standard in home insurance policies. Earthquake coverage is obtained in the form of a scheduled endorsement to your homeowners policy, covering losses that result from land movement.

In addition to the initial earthquake, aftershocks are another serious concern. Aftershocks can be very dangerous and can wreak havoc for days following the initial earthquake. Luckily, you pay a single deductible for losses that results from the initial seismic event as well as all related aftershocks that occur inside a period of 72 hours.

Those who live in areas known for earthquakes often have higher homeowners insurance premiums, especially in the highest-risk areas. Earthquake coverage is not available from most standard insurers, but there are some coverage choices for those who live in states where earthquakes are a real threat. Insurance companies in Idaho sometimes offer earthquake endorsements that protect against damage from seismic events. Keep in mind that earthquake deductibles are usually higher than deductibles for most standard perils. In Idaho, you can expect to pay an additional $161 per year for an earthquake insurance endorsement.

Listed below are a few of the best options for earthquake coverage in Idaho. It's important to treat these figures as estimates only, as rates will vary based on your specific property.

 

CHEAP HOMEOWNERS EARTHQUAKE COVERAGE IN IDAHO
CompanyAverage Annual Earthquake Insurance Rate
Liberty Mutual$377
Farm Bureau$520
Oregon Mutual$605
Mutual of Enumclaw$690
Metropolitan$748

 

*Source: United States Geological Survey (https://earthquake.usgs.gov/earthquakes/browse/)

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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com, and Kin Insurance.