6 Best Renters Insurance Companies in New Hampshire of 2023

Protect your belongings with the best renters insurance companies in NH. Compare rates and policies from top providers to find the right coverage for you.
New Hampshire, street

Renters throughout New Hampshire, including Manchester, Nashua, Concord, Derry, and Dover, contend with harsh weather and storms throughout the year, which can damage the property they rent and their belongings. And the Granite state, like all states, is not crime-free; personal property is often at-risk.

Renters insurance in New Hampshire isn’t mandatory, but many landlords specify that renters must carry a renters insurance policy in their rental agreements. Landlords typically include this clause because many renters aren’t aware that the property owner’s insurance doesn’t cover their possessions.

At PropertyNest, we want to be sure that renters in New Hampshire are aware of the best renters insurance companies and the policies they offer. To do that, we’ve compared insurers and have arrived at this “Best Of” list for you.

Best Renters Insurance Companies in New Hampshire

  • Allstate: Best for Seniors
  • State Farm: Most Affordable Coverage
  • Amica: Best for Multiple Discounts
  • Travelers: Best for Personal Property Coverage
  • Nationwide: Best Optional Add-Ons
  • Chubb: Best for High Net Worth Renters

Allstate Renters Insurance: Best for Seniors

Allstate Renters Insurance, New Hampshire
Editors star rating review
5.0
Editor's Rating (5 Stars out of 5)

For retirees living in New Hampshire, Allstate is an excellent option.

Renters ages 55 and up could receive a discount worth up to 25% from Allstate if they’re not actively seeking full-time employment. Without this discount, Allstate renters insurance costs slightly more than the average cost of renters insurance in New Hampshire.

Allstate provides online quotes, and you can get quotes through an Allstate agent, many of which have offices in New Hampshire communities.

In addition, coverage levels, deductible amounts, and payout limits can be customized to see how your cost changes with different options.

Read a full Allstate renters insurance review.

Allstate Renter’s Insurance Policy Discounts

  • Up to 25% discount for seniors 55+
  • Bundle discount (renters and auto policy)
  • Automatic payment discount

Allstate Renters Insurance Pros & Cons

Pros
  • Coverage can be personalized.
  • Claims can be made through their mobile app.
  • Multiple discounts for renters.
Cons
  • Requires employment information.
  • Few policy details are provided online.
How is Allstate Renters Insurance Rated?
J.D. Power (out of 1,000)837
A.M. Best - Financial Strength RatingA+
NAIC Complaint Index2.05
BBBA-

State Farm: Most Affordable Coverage

State Farm Renters Insurance New Hampshire
Editors star rating review
4.5
Editor's Rating (4.5 Stars out of 5)

Cost-conscious New Hampshire residents love State Farm. A policy from State Farm costs about $110 per year, which is about $45 per year less than the state average and $77 per year less than the average cost of renters insurance in the U.S.

State Farm offers standard renters insurance policies covering property damage, personal liability, and medical payments to others. For those concerned about inflation, add-on inflation protection is available.

Receiving a quote online is simplified by State Farm’s renters insurance checklist and contents calculator, which helps you accurately assess your living arrangements and personal belongings. This helps you get all of the discounts from State Farm you’re eligible for.

Read a full State Farm renters insurance review.

State Farm Renters Insurance Discounts

  • Bundling auto and renters insurance
  • Installing qualified home security devices

State Farm Renters Insurance Pros & Cons

Pros
  • Inflation coverage available.
  • Pet medical insurance can be added.
  • Add-on coverage for watercraft equipment, coin and comic book collections.
  • Dependable customer service.
Cons
  • Few coverage add-ons.
  • Few discounts compared to many other insurers.
  • Replacement cost coverage and water backup protection are not offered.
How is State Farm Renters Insurance Rated?
J.D. Power (out of 1,000)836
A.M. Best - Financial Strength RatingA++
BBBA+
NAIC Complaint Index1.77

Amica: Best for Multiple Discounts

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

Amica isn’t the cheapest company in New Hampshire for renters insurance, but its multiple discounts more than compensate for that.

Amica’s Basic coverage covers personal property, liability, and loss of use. Add-ons include identity fraud coverage, extended protection for smart devices and computers, and personal property replacement coverage.

Amica also offers a package called Renters Essentials that is designed for first-time renters. It includes identity theft, liability, and coverage for your TV, computer, smartphone, furniture, jewelry, and clothes.

Renters Essentials also allows you to earn credit ($100 per year for up to five years) to apply towards an Amica homeowners insurance policy if you buy a home in the future.

Amica Renters Insurance Discounts

  • 15% when you bundle additional Amica products.
  • Loyalty discount after two years.
  • Premium reduction if you’ve been claim-free for three years.

Amica Renters Insurance Pros & Cons

Pros
  • Policies start at $4 a week.
  • Multiple discounts available.
  • Strong financial ratings.
Cons
  • High NAIC complaint ratio (National Assoc. of Insurance Commissioners).
How is Amica Renters Insurance Rated?
J.D. Power (out of 1,000)854
A.M. Best - Financial Strength RatingA+
BBBA+
NAIC Complaint Index0.32

Travelers: Best for Personal Property Coverage

Travelers Renters Insurance, New Hampshire
Editors star rating review
4.0
Editor's Rating (4 Stars out of 5)

Travelers renters insurance’s basic coverage is comparable to other insurers selling renters insurance in New Hampshire. Their basic policy includes personal liability, medical payments, and additional living expense coverage if you have to stay in a hotel due to a covered loss.

Travelers renters insurance excels in the area of standard coverage for personal property. For renters who like to make improvements to their apartment or condo, any improvements made that are damaged during a covered event, such as a new wall or floor coverings or fresh paint, can apply up to 10% of their personal property coverage to restore the enhancements they made.

Travelers also offers additional coverage to protect expensive belongings, like jewelry, antiques, and fine art.

Travelers Renters Insurance Discounts

  • Bundle discount for combining renters and auto insurance
  • Protective device discount for having smoke detectors or burglar alarms

Travelers Renters Insurance Pros & Cons

Pros
  • Competitively priced premiums.
  • Claims can be filed online.
  • Coverage for home improvements is standard.
Cons
  • Customer service is not available 24/7.
  • The policy must be purchased through an independent agent.
How is Travelers Renters Insurance Rated?
J.D. Power (out of 1,000)801
A.M. Best - Financial Strength RatingA++
BBBA
NAIC Complaint Index3.88

Nationwide: Best Optional Add-Ons

Nationwide Renters Insurance, New Hampshire
Editors star rating review
4.0
Editor's Rating (4 Stars out of 5)

Nationwide renters insurance in New Hampshire stands out for its comprehensive basic policy that covers building additions, property improvements, and unauthorized credit card transactions up to the selected amount of coverage.

The basic policy is highly-customizable through a generous number of add-ons, which include:

  • Brand new belongings: replaces damaged or stolen items
  • Valuables plus: additional coverage for high-value items like jewelry and fine art
  • Water backup: protects your property against damage caused by backed-up sewers or drains
  • Theft extension: extended coverage for belongings stolen from any motor vehicle, watercraft, or trailer

Nationwide Renters Insurance Discounts

Nationwide offers the standard discounts for renters insurance. Those include:

  • Multipolicy discount for bundling your renters insurance with another Nationwide policy, such as auto insurance.
  • Protective devices discount for homes with fire alarms, smoke detectors, and more.
  • Claims-free discount if you haven’t filed any recent claims.

Nationwide Renters Insurance Pros & Cons

Pros
  • User-friendly mobile app.
  • Many coverage add-ons.
  • Has some standard coverage other insurers don’t.
Cons
  • Annual cost is above state average.
How is Nationwide Renters Insurance Rated?
J.D. Power (out of 1,000)859
A.M. Best - Financial Strength RatingA+
BBBA+
NAIC Complaint Index0.04 (Very Low)

Chubb: Best for High Net Worth Renters

Editors star rating review
4.5
Editor's Rating (4.5 Stars out of 5)

Chubb is an excellent choice for New Hampshire renters with a high net worth who want increased coverage limits.

Basic renters coverage from Chubb is the industry standard. It includes personal property, liability medical payments, and additional living expense coverage if you cannot live in your rental because of a covered loss.

Chubb renters insurance is sold nationwide, including in New Hampshire. In addition to renters insurance for high net-worth individuals, Chubb offers coverage for classic cars, boats, and yachts.

Chubb Renters Insurance Discounts

  • Burglar alarm discount.
  • Fire resistive discount.
  • Gated community patrol service discount.
  • Suburban rating discount.

Chubb Renters Insurance Pros & Cons

Pros
  • Has a large number of discounts for high net worth individuals.
  • An extensive network of independent agents selling the product.
Cons
  • A small number of add-ons.
  • Can’t get a quote or coverage online.
How is Chubb Renters Insurance Rated?
J.D. Power (out of 1,000)896
A.M. Best - Financial Strength RatingA++
BBBD-
NAIC Complaint Index0.02
Compare the Best Renters Insurance Companies
CompanyPropertyNest RatingJ.D. Power (out of 1,000)A.M Best RatingBBB Rating
Allstate5.0837A+A-
USAA5.0886A++A+
Lemonade4.5853Not RatedB+
American Family4.5836*AA
Erie Insurance4.5851*A+A+
Farmers4.5831AA-
Liberty Mutual4.5834AA+
State Farm4.5836A++A+
Hartford4.5886*A+A+
MetLife4.5904*A+D-
Nationwide4.0859A+A+
Progressive4.0819*A+Not Rated
Amica4.0854*A+A+
Travelers4.0801A++A

Is Renters Insurance Mandatory to Rent an Apartment in New Hampshire?

Renters insurance is not mandatory by law in New Hampshire, but it is highly recommended.

Some landlords often require renters to purchase a policy to cover their personal belongings and any liability from accidents that may occur on the property.

What is the Average Cost of Renters Insurance in New Hampshire?

The average cost of renters insurance in New Hampshire can vary depending on the size and location of your rental.

Typically, a policy is $16 per month and provides coverage for personal belongings, liability protection and additional living expenses if you are forced to leave your home due to an insured disaster. It is important to shop around and compare prices before purchasing a policy.

Make sure to also read the policy carefully in order to get an accurate understanding of what is covered and what is excluded. Also, be aware that certain types of disasters may not be covered by basic renters insurance policies, so it's best to discuss any potential coverage gaps with your insurer.

What Does Renters Insurance Cover?

Renters insurance in New Hampshire generally provides four types of protection:

  • Personal property damage: If your personal property is damaged, renters insurance covers the cost of the damage up to your policy's limits. Covered causes are specifically named in your policy, such as fire, wind, or theft.
  • Personal liability: If someone is injured or their property is damaged, and you’re blamed, your policy will cover liability costs, including legal expenses. A standard renters insurance policy includes up to $100,000 in liability coverage.
  • Additional living expenses: If your rental becomes uninhabitable due to a covered cause, your renters insurance will pay for expenses above and beyond your ordinary living expenses, such as a hotel and meals if necessary.
  • Medical Payments: Limited coverage for medical costs if someone is injured while visiting you.
Most Common Items Stolen in Home Burglaries
TypeItemsCoverage
Cash or Other Forms of CurrencyBank notes, bullions, gold or silver (non-jewelry), coins, medals, smart cards, stored value cards.Most renters insurance policies will only cover up to $200 in stolen cash.
Electronic EquipmentPhones (iPhones, Androids), computers, laptops, iPads, earbuds, smart watches, TV sets, gaming systems, Alexa or Google home devices, etc.Standard renters insurance policies cover the loss or damage of electronic devices.
ClothingDesigner purse/handbags, shoes, jewelry, designer watchesStandard renters policies cover your personal clothing or designer handbags etc.
Power ToolsDrills & drivers, saws.Covered under the personal property coverage.
Kitchen appliancesVitamix or NutriBullet blenders, electric mixers, ice makers, coffee machines.Renters insurance covers personal appliances if they are damaged, stolen, or destroyed by a covered peril.
Prescription drugsWill not cover stolen prescription drugs, but in most cases will cover prescription drug refills.
Personal informationBank accounts, identity information stolen from documents, or stolen personal equipment.Most companies do not include identity theft as a covered peril in a standard renters insurance policy.
FirearmsPistols, riflesFirearms are covered under personal property coverage.

What are Optional Coverages Available With Renters Insurance?

In addition to the four primary coverages, renters insurance sometimes provides supplementary coverages. These coverages are not always part of the standard coverage. Ask your agent if they are part of your policy or if you can add them.

  • Debris removal: Renters insurance will often cover some of the debris removal costs after a covered loss, like a fire or water damage. This is covered under your personal property limits.
  • Building additions or alterations: If you've paid for upgrades or modifications to your rental unit, renters insurance may cover damage from a covered event. Coverage is generally limited to a percentage of your personal property coverage limits, such as 15%.
  • Credit card and check forgery: Renters insurance may cover losses you suffer resulting from the theft and fraudulent use of credit cards or forgery of checks. Coverage is usually up to a limited amount, such as $1,000.
  • Food spoilage: If a power failure in your rental results in refrigerated food loss due to spoilage, renters insurance policies will often cover it under your personal property limits.

What Doesn’t Renters Insurance Cover?

The personal property and liability coverage provided by renters insurance won't protect you from all risks.

For example, property damage due to floods won't be covered, and liability coverage for events related to dangerous dog breeds (Pit Bulls, Dobermans, Rottweilers, etc.) may also be excluded.

Coverage is also usually limited for high-value items like fine art, expensive collections, and jewelry. Here are some common coverage exclusions and limits in renters insurance policies.

Bed bugs and pests

Most renters insurance policies will not cover damage costs associated with bed bugs, with limited exceptions. Along with rodents, they are considered a maintenance issue and not covered under your standard renters policy.

Earthquake and flood damage

Standard renters policies do not cover earthquake or flood damage, though some companies may offer that coverage as an add-on. If you can't get earthquake or flood coverage through your renters insurance policy, you can look into buying a separate flood or earthquake policy.

Car theft or damage

Your renters policy will not cover damage or theft of your car. You will need an auto insurance policy with comprehensive coverage. However, belongings inside your vehicle at the time of the theft or break-in are covered by renters insurance.

Roommate property

Renters insurance generally doesn't cover damage associated with a roommate’s property. To be covered, they need to be listed on the policy.

What is Actual Cash Value vs. Replacement Cost?

Actual Cash Value coverage pays to replace your belongings after deducting depreciation. Replacement Cost coverage pays the full cost of replacing your belongings without subtracting for depreciation.

You may be able to add replacement cost coverage as an endorsement to your renters insurance policy or purchase a policy with only replacement cost coverage.

Conclusion

Here at Property Nest, we believe that every renter in New Hampshire should purchase renters insurance to protect their belongings and provide some peace of mind.

While standard coverage may be sufficient for most renters, we recommend scheduling high-value items and adding flood insurance if you live near the water.

All renters should remember that their landlord’s property insurance does not protect their personal belongings; it only protects the landlord’s property.

Before you buy coverage, we suggest obtaining renters insurance quotes from a minimum of three insurance companies to compare costs, coverage, customer support, and online/mobile resources.

Remember to ask about discounts and take advantage of any available to you to minimize costs.

When collecting quotes and comparing insurers, ask questions about factors that affect your rates, such as different deductibles, policy limits, and available discounts. You can often reduce your coverage by having a higher deductible and applying discounts.

We recommend that you get at least three quotes from different insurers. You can usually get quotes and apply online without working with an agent.


Our Methodology

We thoroughly researched the state's top renters’ insurance companies and narrowed the list down to those that operated in New Hampshire.

We rated them on criteria that included ease of use, ratings, financial strength, customer, and affordability.

How We Selected the Best Renters Insurance Companies in New Hampshire

While price is always a consideration, many other factors should be considered when purchasing renters insurance. For New Hampshire, we selected insurers using five essential criteria that we believe indicate which companies are the best able to protect renters.

Price

The cost of renters insurance is affected by many things, including your policy’s deductible, coverage limits, and credit history. Regardless of how much coverage you need, we recognize that the rising cost of renting and inflation make keeping costs down a priority.

In selecting the best insurance companies for renters insurance in New Hampshire, we chose insurers that provide a good value at an affordable price. Several carriers we selected in our analysis as “Best Of” were higher in price than the state average, but their coverage and service were favorable in some respects compared to their competitors.

Because the cost of renters insurance in New Hampshire averages under $200 per year, the price differential was not that substantial between carriers.

Discounts

Renters insurance discounts can help you reduce your annual premium, particularly if you can bundle other products like your car. Protective device discounts were also standard for most insurers we analyzed.

We selected companies that offer multiple homeowners insurance discounts, particularly discounts that apply to most homeowners in New Hampshire, such as having security systems, fire extinguishers, and smoke alarms.

Coverage

To be protected adequately, you need to buy enough coverage to replace your belongings if they’re stolen or destroyed.

For our best renters insurance in New Hampshire, we prioritized insurance companies that provide excellent standard coverage, plus a selection of endorsements and add-ons to help you customize your coverage.

Customer Support

Filing a renters insurance claim can be stressful and time-consuming, and low premiums are not a substitute for the lack of customer support when you need it most.

To make our list, insurers needed strong customer service ratings and reviews, and we selected insurers with multiple support layers, including online customer portals, mobile apps, or 24/7 phone support.

Technology

Technology is playing an increasingly important role in the purchase and service of insurance policies. Many insurers are selling and servicing more policies online and scaling back on the number of agencies they have to reduce costs and meet customer demand for online sales and service.

Because of this, we highlighted companies with up-to-date websites, mobile apps, and online customer support.