6 Best Homeowners Insurance Companies in New Hampshire 2023

Learn about the best homeowners insurance companies in New Hampshire, including information about costs, coverages, discounts, and more.
New Hampshire

Owning a home is the quintessential American dream, and since it’s the most significant purchase most people will ever make, it’s essential to protect your investment with reliable homeowners insurance.

Homeowners in New Hampshire must protect themselves from damage caused by harsh winter weather, storms, and more.

Whether you live in one of the state’s major cities, such as Nashua or Manchester, or a small town like Laconia or Hudson, buying a homeowners insurance policy can provide peace of mind.

Remember that the average cost of homeowners insurance in New Hampshire is one of the lowest in the US, coming in at just $725 per year.

Here at PropertyNest, we want every homeowner in the Granite State to have a smooth and stress-free experience shopping for homeowners insurance, which is why we have created this guide and chosen the best companies.

The Best Homeowners Insurance Companies in New Hampshire

  • Allstate: Best for Coordination of Flood Claims
  • Amica: Best for Home Business Protection
  • Travelers: Best for Sustainable Building
  • Vermont Mutual: Best for Affordable Coverage
  • Chubb: Best for High-Value Homes
  • American Family: Best for Endorsement Coverage

Allstate: Best for Coordination of Flood Claims

Allstate homeowners insurance New Hampshire
Editors star rating review
5.0
Editor's Rating (5 Stars out of 5)

Allstate is one of the biggest and most reliable insurance companies in the United States and has plenty of experience helping homeowners protect their homes.

Allstate has an excellent, user-friendly website that helps to demystify the process of filing and tracking claims.

We selected them for our list because they are one of the only companies that will help homeowners facilitate a flood claim with FEMA, something that’s important for any New Hampshire resident living near a body of water.

The yearly cost of New Hampshire homeowners insurance with Allstate is $830, higher than the state average.

Allstate Homeowners Insurance Discounts

Allstate offers an impressive eight discounts on homeowners insurance, many of which are easy to qualify for.

  • Bundling: Save by purchasing two or more Allstate policies.
  • Early signing: Sign your new Allstate policy at least a week before your old policy expires to get this discount.
  • Claims-free: You can get a discount if you have no recent homeowners insurance claims.
  • New roof: Install a new roof to get a discount on your premium.
  • New homeowner: You can get this discount if you’re a new homebuyer or purchasing a newly constructed home.
  • Protective devices: Save if your home has installed fire or theft protection devices.
  • Responsible payer: You can qualify for this discount by consistently paying your premium on time.
  • Welcome: Switch your policy to Allstate and get a 10% discount.

Read a full Allstate homeowners insurance editor's review.

Allstate Homeowners Insurance Pros & Cons

Pros
  • Allstate’s website is useful and easy to navigate.
  • The Rate Guard option allows homeowners to lock in their premium.
  • There are 8 discounts to help you save.
  • Allstate will help you coordinate your flood claim with FEMA if you have purchased flood insurance.
  • HostAdvantage coverage provides protection if you rent or share a home.
  • There are many endorsements available, including an optional digital identity tool, yard & garden repair, and recovery of stolen electronic data.
Cons
  • Allstate is one of the more expensive companies on our list.
  • Replacement cost coverage does not come standard.
How is Allstate Homeowners Insurance Rated?
J.D. Power (out of 1,000)815
A.M. Best - Financial Strength RatingA+
NAIC Complaint Index2.05
BBBA-

Amica: Best for Home Business Protection

Amica homeowners insurance New Hampshire
Editors star rating review
4.0
Editor's Rating (4 Stars out of 5)

Amica Insurance started more than a century ago and has a good reputation in the world of insurance.

The company has a well-reviewed mobile app and solid online services that make it easy to get quotes and explore your coverage options.

We selected Amica for our list because they offer an array of endorsements to protect home business equipment, something that we believe will appeal to self-employed residents of the Granite State.

The average cost of Amica’s homeowners insurance in New Hampshire is $770 per year, which puts it slightly above the state average, but discounts can help you save.

Amica Homeowners Insurance Discounts

Amica offers a total of eight discounts on homeowners insurance.

  • Automatic detection: Install devices to monitor your home for gas or water leaks or changes in temperature and save.
  • Alarm system: Get this discount if you have an installed burglar or fire alarm or your home has a sprinkler system.
  • Autopay: Get this discount if you sign up to make payments automatically.
  • Bundling: Buy two or more policies to save.
  • Claims-free: Go three years without a homeowners claim to qualify.
  • Loyalty: Keep your policy with any company (even if it’s not Amica) for at least two years to save.
  • New/remodeled home: Installing new systems or appliances will help you save.
  • Paperless billing: Sign up to receive bills electronically to get this discount.
How is Amica Homeowners Insurance Rated?
J.D. Power (out of 1,000)849
A.M. Best - Financial Strength RatingA+
BBBA+
NAIC Complaint Index0.32

Travelers: Best for Sustainable Building

Travelers homeowners insurance New Hampshire
Editors star rating review
4.0
Editor's Rating (4 Stars out of 5)

Travelers Insurance issued its first policy over 160 years ago and is one of the oldest and most respected insurance companies in the United States.

We chose them for our list because they offer unique endorsements and discounts for people interested in sustainable building and green housing.

We also appreciate that Travelers has some of the best customer service in the insurance industry.

The average annual cost of Travelers homeowners insurance in New Hampshire is $610, making it one of the most affordable companies on this list.

Travelers Homeowners Insurance Discounts

Travelers provide five discounts to help New Hampshire homeowners lower their premiums.

  • Green home: Buy or build a home that’s certified green to save money.
  • Bundling: Save as much as 12% if you buy four or more policies from Travelers.
  • Home buyer: You'll get this discount if you buy a home within a year of switching to Travelers.
  • Loss-free: You’ll get a reduction in your premium if you’ve never filed a homeowners insurance claim.
  • Protective devices: Save if your home has installed smoke detectors, smart devices, sprinklers, or burglar alarms.

Travelers Homeowners Insurance Pros & Cons

Pros
  • Travelers Insurance average cost in New Hampshire is well below the state average.
  • There is a special discount to help you rebuild or renovate your home with green materials.
  • Travelers has first-rate customer service.
  • You can add multiple endorsements to customize your policy, including water back-up coverage and sump pump protection.
Cons
  • The Travelers mobile app could and should be revamped to work better for Android users.
  • You’ll need to buy four policies to get the bundling discount.
How is Travelers Insurance Rated?
J.D. Power (out of 1,000)794
A.M. Best - Financial Strength RatingA++
BBBA
NAIC Complaint Index3.88

Vermont Mutual: Best for Affordable Coverage

Vermont Mutual Homeowners Insurance
Editors star rating review
4.0
Editor's Rating (4 Stars out of 5)

Vermont Mutual has been providing insurance policies to residents of the Northeast since 1828, when the company started offering fire insurance to homeowners who relied on lanterns and candles to provide light.

Since its inception, the company has grown considerably and has a reputation for providing excellent customer service.

We chose them for our list because they offer the most affordable homeowners insurance coverage in New Hampshire.

We also like that they offer unique policy endorsements that allow homeowners to customize their coverage.

The average annual premium for homeowners insurance is just $610, putting Vermont Mutual’s rates 17% below the state average.

Vermont Mutual Homeowners Insurance Pros & Cons

Pros
  • Vermont Mutual has the lowest average cost of any insurance company in New Hampshire.
  • The company offers several unique endorsements to expand coverage, including one that pays for appliance and mechanical system breakdowns and another that covers service line repairs.
  • Customers have consistently left good reviews for Vermont Mutual and praise the company’s service.
Cons
  • Insurance is only available in a few states.
  • The company’s website could be more informative.

Chubb: Best for High-Value Homes

Chubb homeowners-insurance New Hampshire
Editors star rating review
4.5
Editor's Rating (4.5 Stars out of 5)

Chubb is the world's largest publicly-traded property & casualty company and one of the most respected insurance carriers.

We selected them for our list because they offer unique protections for high-value homes thanks to their Masterpiece Homeowners policy, which is ideal for homes worth more than $1 million.

We also like that they offer protection against wildfires, which can be a big concern for residents of New Hampshire.

The average premium for Chubb’s homeowners insurance in New Hampshire is $670, putting it just a little below the state average.

Chubb Homeowners Insurance Discounts

Homeowners in New Hampshire can save with up to six discounts.

  • Backup generator: Install a permanent backup generator to get this discount.
  • Bundling: Save up to 10% by bundling homeowners insurance with auto or life insurance.
  • Claims-free: Save 10% on your premium if you’ve gone three or more years without a claim.
  • Fire & security: Install fire alarms, sprinklers, fire-resistant construction or a home security system to save.
  • New/renovated home: You can save up to 17% for a newly renovated home and as much as 24% if you buy a newly constructed home.
  • No mortgage: Qualify for a 10% discount when you pay off your mortgage.
How is Chubb Homeowners Insurance Rated?
J.D. Power (out of 1,000)809
A.M. Best - Financial Strength RatingA++
BBBD-
NAIC Complaint Index0.21

American Family: Best for Endorsement Coverage

American Family New Hampshire
Editors star rating review
4.0
Editor's Rating (4 Stars out of 5)

American Family has a long history of providing homeowners insurance in 44 states, including New Hampshire.

We selected them for our list thanks to their vast array of add-on coverages that allow homeowners to customize their policies.

We also like that the company has a well-designed mobile app that you can use to compare coverages and file and monitor claims.

The average cost of homeowners insurance in New Hampshire can be as low as $550 with discounts.

American Family Homeowners Insurance Discounts

American Family provides nine discounts for homeowners insurance, more than any other company on our list.

  • Policy bundling: Buy two or more policies to save.
  • Autopay: Sign up for autopay to save on your premium.
  • Full pay: Get a discount if you pay your annual premium in advance.
  • Loyalty: Keep your policy with the American Family for 2+ years to save.
  • Generational: You'll get a break if your parents are American Family customers.
  • Paperless: Enroll in paperless billing to save money.
  • New home: Get this discount if your home is less than 15 years old.
  • Renovation: Renovate your home’s electrical, HVAC, or plumbing system for this discount.
  • Security: Install a smart home security system to save.

American Family Homeowners Insurance Pros & Cons

Pros
  • American Family’s mobile app is well-reviewed and user-friendly.
  • Add-on coverages include protection for hidden water damage or damaged siding.
  • There are many discounts available to reduce your premium.
  • The company has received high marks for customer service.
Cons
  • While the cost of basic insurance is low, endorsements may add significantly to your annual premium.
  • Customizable coverage is only available through authorized agents.
How is American Family Homeowners Insurance Rated?
J.D. Power (out of 1,000)842
A.M. Best - Financial Strength RatingA+
BBBA+
NAIC Complaint Index0.25

What Things Affect the Price of Homeowners Insurance?

Several factors can affect the price of homeowners insurance, and because of that, we can’t predict exactly how much you’ll end up paying.

Even so, you should know which things can impact your costs and use them to estimate what you’ll end up paying.

Read more: How Much Does Homeowners Insurance Cost?

Deductible

Every homeowners policy has a deductible, and the deductible you choose will impact how much you pay.

Some homeowners prefer to choose a low deductible to maximize their protection, but a low deductible will result in a higher premium than you would expect if you bought a high deductible policy.

Policy Limits

Choosing the right policy limit is a must to protect yourself; as a rule, you’ll need a limit that’s high enough to provide you with the money to rebuild your home from the ground up and replace your belongings.

People who live in high-value homes or purchase extra liability protection will pay more for their homeowners insurance than those who choose basic coverage.

Endorsements and Riders

A standard homeowners policy protects your home and other structures from damage by covered events while providing some limited protection for your personal liability and guest medical coverage.

Every company on our list offers the option to add coverage with riders and endorsements, and you should keep in mind that each addition will add to your total cost.

Location

The last thing that will impact how much you pay for your homeowners policy is the location of your home.

Locations close to bodies of water, in a high-crime area, or far from a local firehouse will typically cost more to insure.

Read more: Does Homeowners Insurance Cover Fires?

How Much Homeowners Insurance Do You Need?

It’s common for new homeowners to ask us for guidance on how much homeowners coverage they need, and that’s important to know.

You can calculate how much coverage you need by using the estimated cost to rebuild your house as a jumping-off point.

  • Dwelling coverage should be enough to pay you to completely rebuild your home from the ground up if it’s destroyed.
  • Other structures coverage will pay for the repair or rebuilding of any other structures on your property, including detached garages, sheds, fences, or barns, and should total approximately 10% of your dwelling coverage.
  • Personal property coverage will reimburse you for your personal belongings if they’re stolen or destroyed, and in most cases, you’ll need between 50% and 70% of your dwelling coverage.
  • Liability coverage protects your personal finances from liability if a guest in your home is injured or their belongings get destroyed, and you’ll need coverage between $100,000 and $500,000 to be safe.
  • Guest medical coverage is there to provide reimbursement for a portion of medical expenses incurred by a guest as a result of an injury sustained on your property, and most policies include between $1,000 and $5,000 of coverage per guest.
  • Additional living expenses coverage pays for you and the other members of your household to live in a hotel or make other living arrangements in the event your home becomes uninhabitable.

Adding these numbers reveals that you’ll need approximately twice the cost to rebuild your home as a total limit, not including guest medical coverage and personal liability.

These numbers reflect basic homeowners insurance coverage and do not take into account any endorsements or scheduled valuables you may add to your policy.

What Is and Isn’t Covered by Homeowners Insurance

A traditional homeowners insurance policy will protect you against many of the risks you assume as a homeowner, but it won’t cover everything.

Here are the things that you should expect to be covered by a standard policy.

  1. Your house and other property structures include fences, walls, barns, sheds, and detached garages.
  2. Personal belongings of all people who live in your home, whether or not those items are in your home when they are stolen or destroyed.
  3. Damage caused by covered events.
  4. Your personal liability is related to guest injuries or damage to their personal property.
  5. Guest medical expenses.

Each of these coverages will be paid in accordance with your policy’s deductible and limits.

Here are the things that are not typically covered by a standard policy.

  • Earthquake damage
  • Flood damage
  • Pest infestation and damage
  • Power failure
  • Neglect
  • Government action
  • Nuclear hazard

The first four things on this list can be remedied by purchasing an additional policy, as would be the case with flood insurance, or by adding a rider to your policy.

The last three items have no remedy because neglect is within your control, and the likelihood of your home being damaged by government action or a nuclear hazard is extremely slim.

Synopsis

Here at PropertyNest, our mission is to provide every homeowner in New Hampshire with the facts and guidance needed to choose the right homeowners insurance policy for their needs.

As you sort through your options, keep in mind the factors that can affect your costs, including how much it will cost to rebuild your home, the value of your personal belongings, and the location of your house.

We always recommend obtaining at least three quotes to compare costs and coverage before choosing a company.

Be sure to ask any company you choose about available discounts that apply to you since these can help to lower your costs.


Our Methodology

How We Selected the Best Homeowners Insurance Companies for New Hampshire

Finding a homeowners insurance company can add to the stress and effort of buying a home because there are many options available, and it’s not always easy to compare companies, coverage, and costs.

Here are the five criteria we used to select the best homeowners insurance companies for New Hampshire and provide the guidance you need to find the right policy for your home.

Average Premium

Many factors impact the cost of homeowners insurance, including your home’s size, value, and location, all of which may affect the risk the insurance company takes.

For this list, we selected companies that offer good value compared to the average cost of homeowners insurance in New Hampshire and the US national average to ensure you don’t pay more than necessary.

Coverage

Any homeowners policy you buy needs to provide enough protection for your home and belongings in the event that you experience a loss from a covered event.

We have prioritized those insurance companies that provide a wide range of customizable options and riders, as well as flexible policy limits, to help you tailor your policy to your specific needs.

Homeowners Discounts

The basic cost of homeowners insurance is determined by the size, value, and location of your home, plus any add-ons you choose, but it’s possible to reduce your monthly premium if you choose a company that offers discounts on homeowners insurance.

We made a point to choose companies that offered at least three discounts on homeowners insurance or had costs below the state average even without discounts.

Customer Support

Low costs can’t and shouldn’t override customer support as a criterion for choosing a homeowners insurance policy because your low costs won’t help if you need to file a claim.

In order to make our list, insurance companies needed to demonstrate a history of excellent customer support indicated by good reviews and ratings, and we gave extra points to companies with robust mobile, online, or around-the-clock support.

Technology

Well-designed technology can streamline getting a homeowners insurance quote, buying coverage, and filing and paying claims.

We chose companies with user-friendly websites, well-reviewed mobile apps, and online support and resources.

Aimee Parrott
About the author

Aimee Parrott draws her expertise from having worked in the insurance industry for over a decade. After moving into commercial finance, she has spent the past eight years writing about financial topics, including insurance, credit, and mortgages. She lives in New Haven.