Homeowners Insurance in Idaho

On average, your neighbors pay $88 a month.

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Best Home Insurance Rates in Idaho (2022)

Farm Bureau Insurance offers the cheapest homeowners insurance rates in Idaho, according to a statewide price analysis by QuoteWizard. Our data also shows that other carriers lead the way in different cities across the state. Here’s what you need to know about finding the best homeowners insurance rates in Idaho.

In this article:

How much is homeowners insurance in Idaho?

Idaho homeowners pay, on average, $88 a month for homeowners insurance, according to our research. Statewide, Farm Bureau Insurance offers the lowest average rate, at $50 per month, followed by Allstate, $57 per month, and Mutual of Enumclaw, $62 per month.

Average homeowners insurance rates in Idaho
Company Average annual rate Average monthly rate
Farm Bureau Insurance $595 $50
Allstate $689 $57
Mutual of Enumclaw $747 $62
American Family $903 $75
USAA $1,272 $106
Farmers $1,379 $115
MetLife $1,408 $117
Travelers $1,489 $124
Average $1,060 $88
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

What is the average cost of homeowners insurance in major Idaho cities?

The average cost of homeowners insurance in Boise is $82 per month. This is a touch lower than the average monthly rate in some of the state’s other major cities, including Coeur d’Alene ($83), Idaho Falls ($90), Lewiston ($86) and Twin Falls ($87).

Average homeowners insurance rates in major Idaho cities
City Average annual rate Average monthly rate
Boise $985 $82
Coeur d’Alene $996 $83
Idaho Falls $1,083 $90
Lewiston $1,033 $86
Twin Falls $1,047 $87
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Your ZIP code is among the key factors that insurance companies use to determine your home insurance rate. Since each insurance company uses a slightly different formula to calculate rates, a company with higher rates than its competitors in some cities might offer lower rates in other cities.

Cheapest homeowners insurance rates in Boise

Allstate and Farm Bureau Insurance tie for the best average homeowners insurance rate in Boise, $47 a month. This is $16 less than that average monthly rate available from Mutual of Enumclaw. The average monthly cost of homeowners insurance in Boise is $82. 

Best homeowners insurance rates in Boise
Company Average annual rate Average monthly rate
Allstate $563 $47
Farm Bureau Insurance $563 $47
Mutual of Enumclaw $755 $63
American Family $922 $77
Farmers $1,167 $97
MetLife $1,285 $107
Travelers $1,287 $107
USAA $1,336 $111
Average $985 $82
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Best homeowners insurance rates in Coeur d’Alene

The average cost of homeowners insurance in Coeur d’Alene works out to $83 a month. The best average rates are available from Allstate, $50 a month, Farm Bureau Insurance, $52 a month, and Mutual of Enumclaw, $60 a month.

Best homeowners insurance rates in Coeur d’Alene
Company Average annual rate Average monthly rate
Allstate $596 $50
Farm Bureau Insurance $626 $52
Mutual of Enumclaw $719 $60
American Family $811 $68
USAA $1,160 $97
MetLife $1,197 $100
Travelers $1,337 $111
Farmers $1,525 $127
Average $996 $83
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest homeowners insurance rates in Idaho Falls

Farm Bureau Insurance offers the best average rate in Idaho Falls, $50 a month, followed by Mutual of Enumclaw, $60 a month, and Allstate, $70 a month. The average monthly cost of homeowners insurance in Idaho Falls is $90.

Best homeowners insurance rates in Idaho Falls
Company Average annual rate Average monthly rate
Farm Bureau Insurance $595 $50
Mutual of Enumclaw $717 $60
Allstate $844 $70
American Family $890 $74
USAA $1,260 $105
MetLife $1,273 $106
Farmers $1,302 $109
Travelers $1,783 $149
Average $1,083 $90
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Best homeowners insurance rates in Lewiston

In Lewiston, Allstate offers the best average rate, $51 a month, which is just a dollar more per month than the average rate offered by Farm Bureau Insurance. The average monthly cost of homeowners insurance in Lewiston is $86.

Best homeowners insurance rates in Lewiston
Company Average annual rate Average monthly rate
Allstate $611 $51
Farm Bureau Insurance $626 $52
Mutual of Enumclaw $758 $63
American Family $800 $67
USAA $1,228 $102
MetLife $1,384 $115
Farmers $1,404 $117
Travelers $1,456 $121
Average $1,033 $86
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest homeowners insurance rates in Twin Falls

Farm Bureau Insurance offers the cheapest average rate on homeowners insurance in Twin Falls, $55 a month, which is slightly better than Allstate’s rate, $56 a month.

In Lewiston, Allstate offers the best average rate, $51 a month, which is just a dollar more per month than the average rate offered by Farm Bureau Insurance. The average monthly cost of homeowners insurance in Lewiston is $86.

Best homeowners insurance rates in Twin Falls
Company Average annual rate Average monthly rate
Farm Bureau Insurance $657 $55
Allstate $667 $56
Mutual of Enumclaw $768 $64
American Family $861 $72
Farmers $1,195 $100
USAA $1,340 $112
MetLife $1,415 $118
Travelers $1,470 $123
Average $1,047 $87
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Which Idaho companies have the best customer service?

Among the insurance companies in our analysis, USAA, American Family and Allstate have the highest satisfaction scores in the J.D. Power 2021 U.S. Home Insurance Study. Farm Bureau Insurance and Mutual of Enumclaw are not included in the J.D. Power report.

J.D. Power’s study is based on a survey of customers who were asked to evaluate their insurance company on interaction, policy offerings, price, billing process, policy information and claims.

Farm Bureau Insurance has a 0.00 score in the National Association of Insurance Commissioners’ (NAIC) Complaint Index. Companies with the next-best scores include USAA (0.50), Farmers (0.57) and Mutual of Enumclaw (0.60).

The Complaint Index compares insurance companies based on the number of confirmed, or substantiated, complaints. The national average is 1.00. A company with a 2.00 score has twice as many confirmed complaints as expected, while a company with a 0.50 score has half as many confirmed complaints as expected. The lower the score, the better.

Satisfaction and Complaint Index scores by company
Company Satisfaction score* Complaint Index**
Allstate 829 1.00
American Family 831 0.83
Farm Bureau Insurance Not listed 0.00
Farmers 813 0.57
MetLife 810 Data not available
Mutual of Enumclaw Not listed 0.60
Travelers 800 1.88
USAA 882 0.50
Average 825 1.00

*Source: J.D. Power 2021 U.S. Home Insurance Study

**Source: National Association of Insurance Commissioners Complaint Index, based on 2020 data.

Do I need flood or earthquake insurance in Idaho?

The Pocatello area and Treasure Valley are among the areas of Idaho that are susceptible to flooding, and a 6.5 magnitude temblor centered west of Challis in 2020 served as a reminder of the state’s earthquake risks.

Standard homeowners insurance does not cover damage from floods or earthquakes, but homeowners can buy separate coverages to protect against these risks.

Flood insurance is available through the National Flood Insurance Program (NFIP), as well as through private insurance companies. Some insurance companies offer earthquake coverage as an endorsement to a homeowners policy, while others offer it as standalone coverage. Both are widely available through local insurance agents. 

How much is flood insurance in Idaho?

The average cost of NFIP flood insurance in Idaho is $784 a year, or $65 per month, according to separate QuoteWizard research. This is less than the national average of $958 per year, or $80 a month.

If you have a mortgage on a home in a federally designated flood zone, your lender will probably require you to obtain flood insurance. Flood insurance is also available for homes outside of designated flood zones, typically at lower rates than available to those in higher-risk areas.

How can I save money on homeowners insurance?

Since no two insurance companies use the same formula to determine rates, it’s best to review quotes from multiple carriers to find the company that offers the best coverage and rates for your unique needs. Here are other possible ways to save:

  • Bundle your policies. Most insurance companies offer discounts to customers who bundle their homeowners coverage with car insurance and any other policies, such as those for a motorcycle, boat or rental property.
  • Ask about military or occupational discounts. Many insurance companies offer discounts to current and former members of the military, and some extend discounts to those in certain occupations, such as teachers, physicians, engineers, scientists and others.
  • Upgrade your home. Since many insurance companies also offer discounts for things such as a new roof, home security and systems that monitor for water leaks, you should let your insurance company know about home improvements that include new safety or security features.
  • Raise your deductible. You can also lower your premiums by increasing your deductible, which is the amount of money you pay on a claim before your insurance coverage kicks in. In Idaho, increasing the deductible from $1,000 to $2,000 lowers the average cost of a homeowners policy by $10 a month.
Average homeowners insurance rates in Idaho by deductible
Deductible Average annual rate Average monthly rate
$500 $1,158 $97
$1,000 $1,060 $88
$1,500 $1,009 $84
$2,000 $938 $78
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Methodology

We collected quotes from every ZIP code in Idaho for a standard HO-3 homeowners insurance policy with the following limits and deductible:

  • $275,000 dwelling coverage
  • $27,500 other structures
  • $137,500 personal property
  • $55,000 loss of use coverage
  • $100,000 liability
  • $5,000 medical payments
  • $1,000 deductible*

*when not stated otherwise

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