Boise Homeowners Insurance

Find affordable homeowners insurance in Boise


Home insurance is a critical element of homeownership. Fire, vandalism, theft, and wind damage are just some of the perils from which homeowners coverage can protect your dwelling and other personal belongings. With the relative frequency of such perils -- along with the high cost of rebuilding or repairing damages to a home -- purchasing home insurance is a smart investment.

The cost of home insurance depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils likewindstorms, hail, fire, or even theft , home insurance rates may be higher to account for the extra risk. Find out more info about what a home insurance policy covers.

Finding cheap home insurance in Boise starts with shopping around and comparing policies. Check out the below summary of average homeowners insurance rates in Boise to begin your home insurance search with as much info as possible. One thing to note is that the yearly cost of home coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


Boise, Idaho, homeowners insurance — table of contents:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP
  4. Rates by deductible amount
  5. Bundling discounts

Home insurance in Boise by insurance company

Homeowners insurance rates in Boise vary from one insurance company to another. Liberty offers the most affordable home insurance in Boise, at just $422 per year. This compares favorably to the city’s average homeowners premium of $857.

Have a look at the cheapest insurance companies in Boise, Idaho to find the best homeowners policy for you.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN BOISE
CompanyAverage Annual Rate
Liberty$422
Farm Bureau$465
American Family$781
Allstate$786
Farmers$857

Average homeowners insurance prices in Boise by coverage limit

The level of home coverage you select has an impact on your insurance premiums. In Boise, carrying $200K dwelling coverage costs an average of $648, while carrying additional coverage up to $400K costs $1,041/year.


HOMEOWNERS INSURANCE RATES IN BOISE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$398
$200,000 Dwelling$648
$250,000 Dwelling$726
$400,000 Dwelling$1,041

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Boise homeowners insurance rates by ZIP code

Home insurance premiums can vary depending on what area of Boise in which you live. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, where you live could have a huge impact in what you pay for home insurance.

The cheapest home insurance rates in Boise are available in 83704. In 83704, the typical home insurance policy costs $818 per year — $39 less than the citywide average in Boise. The below table shows the best places to live in Boise if you’re looking for affordable homeowners insurance.


AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN BOISE
ZIP CodeAverage Annual Home Insurance Rate
83704$818
83705$822
83706$826

On the other hand, some areas of Boise face higher homeowners insurance costs, on average. Crime rates, fire risk, and even your how close you are to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which has the potential to drive up the area's insurance costs. With an annual average premium of $948, 83725 comes in as the priciest ZIP code in Boise for homeowners coverage.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN BOISE
ZIP CodeAverage Annual Home Insurance Rate
83725$948
83716$879
83708$873

Homeowners insurance deductibles in Boise

Among the numerous choices homeowners face when purchasing homeowners insurance is where to set the deductible. A homeowners deductible is the amount you are responsible for paying toward a covered loss. Where you choose to set your homeowners deductible is directly related to the overall cost of your coverage.

When considering your homeowners deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. As such, if you want lower insurance rates, aim for a higher deductible. Remember that your deductible should only be set as high as you can reasonably afford if you suffer a loss.

The table below reveals the average rates associated with standard homeowners deductibles.


HOME INSURANCE RATES BY DEDUCTIBLE IN BOISE
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$793
$1,000$726
$1,500$688
$2,000$653
$5,000$570

Looking for a money-saving tip for insurance in Boise? Try bundling

If you’re searching for ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. Bundling policies in Boise could, in fact, lead to average annual savings of 11%.


CHEAPEST AUTO INSURANCE PREMIUMS WITH A POLICY BUNDLE IN BOISE
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
State Farm$600
GEICO$641
Liberty$666
Farmers$772
Farm Bureau$863

A great way to save on insurance is to bundle your home and auto policies with the same insurance company.


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Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has been a contributor to numerous publications focused on the nuances of insurance, including BestCompany.com.