Compare Homeowners Insurance Quotes In New Hampshire

On average, your neighbors pay $75 a month.

See Your Rates

Best Home Insurance Rates In New Hampshire

New Hampshire’s famous motto, “Live Free or Die.” As such, The Granite State has a long history of upholding freedom. New Hampshire is the home of the first public library, the first credit union, and the first state lottery. It was also the first state to recognize same-sex marriage. However, this New England state has several factors that serve as homeowners insurance risks for residents.

New Hampshire Homeowners Insurance Rates

New Hampshire has below average insurance premiums. According to the most recent available data from the Insurance Information Institute, in 2014, the average cost of homeowners insurance in the state of New Hampshire was $905, much lower than the national average of $1,132. There are 15 states that have lower average home insurance rates than New Hampshire.

New Hampshire Average Annual Homeowners Insurance Rates
  2012 2013 2014
New Hampshire Annual Average $848 $885 $905
New Hampshire Price Per Month $70 $74 $75
US Annual Average $1,034 $1,096 $1,132
US Cost Per Month $86 $91 $94
National Rank 30 36 36
Source: http://www.iii.org/fact-statistic/homeowners-and-renters-insurance

Choosing a homeowners insurance company in New Hampshire should be easier. Actually, it’s already easy; you could just go with whichever company your mortgage lender recommends, but you probably won’t get the best rates that way. The key to finding the best rates is to get a homeowners insurance quotes comparison in New Hampshire from multiple companies.

Best New Hampshire Home Insurance Companies

Last year, these were the most common home insurance companies reported by QuoteWizard users living in the state of New Hampshire. Out of the 2,246 New Hampshire homeowners that used QuoteWizard to request insurance quotes last year, 186 had no home insurance.

  1. Allstate
  2. Liberty Mutual
  3. Geico
  4. Progressive Casualty
  5. MetLife
  6. AAA Insurance Co.
  7. Nationwide
  8. Hartford
  9. Travelers
  10. USAA
Get a quote from some of these top rated insurers! Request Quote Get a Quote From Top Insurers

Why contact every individual company in New Hampshire that you want a homeowners quote from when you can just answer a few questions about your home and desired coverage, and get competing quotes from agents? Save time and money with QuoteWizard.

Top 10 New Hampshire Home Insurance Company Market Share

Source: Insurance Information Institute
Rank Company Direct Premiums Written (in thousands) Market Share
1 Liberty Mutual $54,144 15.2%
2 Allstate $29,482 8.3%
3 USAA Insurance Group $21,325 6.0%
4 Concord General Mutual Insurance Co. $20,174 5.7%
5 The Hanover Insurance Group $15,232 4.3%
6 Travelers Companies Inc. $15,113 4.2%
7 Amica Mutual Insurance Co. $14,839 4.2%
8 Vermont Mutual Insurance Co. $14,435 4.1%
9 MetLife Inc. $13,548 3.8%

Financial Strength Ratings of Top New Hampshire Home Insurers

Source: A.M. Best (Ratings as of 8/5/2015)

  • Liberty Mutual: A
  • Allstate: A+
  • USAA Insurance Group: A++
  • Concord Insurance Group: A
  • The Hanover Insurance Group: A+
  • Travelers Companies Inc.: A+
  • Amica Mutual Insurance Co.: A++
  • Vermont Mutual Insurance Co.: A+
  • MetLife Inc.: A
Get a quote from some of these top rated insurers! Request Quote Get a Quote From Top Insurers

Rating Guide

New Hampshire Property & Casualty* Insurance Company Market Share

Source:  National Association of Insurance Commissioners
Rank Company Direct Premiums Written (in thousands) Market Share
1 Liberty Mutual $257,995 12.1%
2 Travelers Companies Inc. $101,195 4.8%
3 Allstate $100,869 4.7%
4 Geico $98,758 4.6%
5 WR Berkley Insurance Corp. $97,393 4.6%
6 Progressive Group $95,776 4.5%
7 The Hanover Insurance Group $81,624 3.8%
8 United Service Automobile Assurance Co. $59,820 2.8%
9 Concord Insurance Group $57,077 2.7%
*Represents both home and auto insurance

Home Insurance Rate Factors

Many different factors come into play when insurance companies calculate the cost of homeowners insurance. Some, like the age of your home, are within your control. Others, like crime rates or natural disasters, are beyond your control. Here are some of the factors that affect the cost of homeowners insurance in New Hampshire.

Average Home Listing Prices

Home prices can greatly affect the cost of insurance in any given state. A higher average home price generally means higher premiums in that state. For New Hampshire, the average listing price is $269,178 as of July 2015, slightly lower than the national average of $284,748.

Average Burglary Rates

Burglary is a serious and sometimes violent property crime. States with higher average burglary rates generally have higher average home insurance premiums, because the likelihood that someone will need to file a claim is higher. According to data from the FBI Uniform Crime Report, in 2013, New Hampshire’s average burglary rate was 373.0 per 100,000 people, which is notably lower than the national average of 610.0 per 100,000.

States with more law enforcement per capita tend to be safer than states with fewer policemen and women. In New Hampshire, there are 42.7 law enforcement personnel per 100,000 total citizens, higher than the national average of 32 per 100,000.

Home Insurance Hazards

As is typical of the New England region, New Hampshire’s weather is mostly mild. However, humid summers and extremely cold winters can bring serious homeowners insurance hazards.

Humid summers: While summers in New Hampshire are not especially hot, they are quite humid. High temperatures rarely exceed 80 degrees in July and August, making for a very mild summer. However, humidity is quite high during these months, which can cause discomfort and even a home insurance risk. Humidity is relatively high in New Hampshire throughout the year, which is why winters are so snowy and rain is consistent year-round. August, September, and October are the most humid months, with morning averages of about 90% humidity. As humidity is essentially moisture in the air, it can sometimes be a serious homeowners insurance hazard. If this moisture gets trapped inside, it can form mold or mildew. And, some methods of insulation prevent the movement of moisture, which also leads to the development of mold and mildew.

Extremely cold winters: New Hampshire winters are snowy and can be very cold. The state averages 30 days and about 61 inches of snow annually. In some locations, it can be even higher. For example, at Mt. Washington, the average snowfall is about 280 inches and about 120 days of snow per year. However, down in Durham, they average only about 14 days of snow per year and about 45 inches annually. New Hampshire’s winters are not only snowy, but very cold, so cold in fact, that the state is ranked #42 in terms of average annual temperature. January is the coldest month of the year. The average high in January is a little below freezing, and the average low temperature is in the single-digits. The cold usually persists until March, when high temperatures reach about 40 degrees and low temperatures remain below freezing. The cold can be a home insurance risk because structures can become brittle and pipes can crack when cold temperatures force objects to contract. People often turn up the heater, which causes a spike in energy use and can create condensation that can later lead to mold or mildew.

Year-round precipitation: Rain is a year-round constant in New Hampshire, where the average annual rainfall is about 44 inches. This rainfall is fairly evenly distributed, with slight dips in January and February, and slight peaks in July, October, and November. October, the rainiest month, often sees 13 or more days of rain, contributing about 4 inches of rain in some places, and as much as 9 inches in others. That said, every month sees at least a few inches of rain. Concord averages over 130 days of rain per year, but some areas in the North average much more, such as Bethlehem, where they average over 171 days of rain per year—almost half the days of the year. Occasionally, New Hampshire will experience a Nor’easter storm, which are typical of the New England region. These storms can cause extreme winds, blizzard conditions in winter, and flooding in spring. While they are less common in New Hampshire than other states, preparation is crucial in protecting yourself from their potential damage. The only way to obtain flood insurance is through the National Flood Insurance Program. Learn more about the NFIP here.

New Hampshire Office of the Insurance Commissioner

Website:
Homepage
Insurance Commissioner:
Roger A. Sevigny
Insurance Hotline:
(800) 852 – 3416
Office Hours:
Monday - Friday
8:00 am to 4:00 pm
File a Consumer Insurance Complaint
Complaint Page

Sources:

QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.