Who Has the Cheapest Homeowners Insurance Quotes in Idaho?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Filled with more natural beauty than most people realize and a wide range of industries (there’s more than just potato farming), Idaho is a place where hundreds of thousands of family have planted roots and built homes, hoping to create a better life. And both you and we don’t want anything to happen to your home or for your hopes to be dashed by a random disaster, which is why we want you to consider getting a homeowners insurance policy. It’s affordable, useful, and nearly necessary in an often dangerous world.

Here are the four cheapest homeowners insurance providers operating in Idaho:

The Four Cheapest Quotes:

Idaho is a pretty large state, so people might have different types of homes and problems across the state. Furthermore, your situation will be different than even that of someone down the street. This all means that rates will vary from what you see below, although we expect the general trend to remain true.

The number listed next to each provider is the average annual rate for a standard policy.

1) Allstate: $688

Often one of the cheapest options in the country and a great option if you are looking to bundle your insurances, Allstate has a record of providing insurance to millions and being reliable every step of the way. They also are friendlier to older homes and can be considered one of the most stable companies in the industry, allowing you to never have to worry about your insurance until you need it.

The main problems we found with Allstate revolve around customer service, which is generally average at best. Some complained about a slow response time to claims as well. And based on reports of confusion, you are going to want to read everything about your policy in heavier detail.

You can expect the following working with Allstate:

  • Strong online and mobile platforms, making Allstate more accessible no matter where you are.
  • Add-on policy options which include: water backup coverage, garden and landscaping, identity theft restoration, scheduled personal property coverage, business property, and still others.
  • A wide range of discount options available to you, whether it’s for bundling, remaining claim-free, or something else.

2) Nationwide: $697 

For about the same average cost of Allstate comes a policy from Nationwide, another well-known provider that is known for offering not only a wide host of customization options but also plenty of opportunities to get a discount (alongside a commitment to getting you the best policy possible), possibly making them the true cheapest provider in Idaho.

We would like to note that for some people, however, Nationwide can be expensive, and the optional coverages they offer are often more expensive than their counterparts offered by competitors. There were also a few complaints about service, but honestly, we have seen worse in the industry.

You can expect the following working with Nationwide:

  • Discounts available for people who get some protective devices for their home, who remain claim-free, new homeowners, those who want to bundle their policies, and others.
  • Optional policies for flood coverage, earthquake damage, water backup, identity theft, and enhancing your valuables or home replacement coverage.
  • Excellent replacement coverage, allowing you to feel assured you’ll always have a place to stay in the long run.

3) State Farm: $1,004

Often the cheapest option elsewhere in the country, State Farm, unfortunately, doesn’t have that distinction in Idaho, but it is able to offer customers a simple and easy insurance onboarding process. It does this alongside a host of extremely helpful tools and a library of information that will keep you informed not only as to your policy but about insurance in general. Combine that with a network of agents and a basic but solid plan, and State Farm may still be the best choice for you.

Yet for the price, you might find yourself wanting more options, and State Farm doesn’t offer too much there. There aren’t that many discount opportunities basic the basic fare, and other companies will have more optional coverages available.

You can expect the following working with State Farm:

  • An online quoting system that is one of the best in the business. With it, you’ll have all the accurate information you need to narrow down your shortlist.
  • The benefits that come with working with one of the largest and most stable insurance companies in the country.
  • Some basic discounts available for those who bundle or are willing to install some preventative measures.

4) Farmers: $1201

On the more expensive end of things comes Farmers, a company that will likely offer the best customer service experience out of anything on this list, and one that is known for its excellent homeowners insurance offerings. You can trust they will be able to help you whether you are a new homeowner or have been living in your place for years. Better still, they offer discounts and benefits to homeowners who don’t make many claims, so if you feel safe in your area, Farmers might be best over time, even if you have a high initial rate.

All their benefits being noted, they aren’t the most stable company listed here (although there should be no issues for most people), and some customers have reported issues after signing up with them. If you’re anxious about the day you might need to make a claim or worried about rate hikes down the road, maybe Farmers isn’t’ the best choice.

You can expect the following working with Farmers:

  • Declining deductibles and claim forgiveness should you not make many (or any) claims for a few years.
  • A great customer service team and friendly claims agents generally always available to help.
  • Options specifically for condos, townhomes, and other types of housing.

Conclusion

Getting insurance for your new home, especially if you have other problems on your plate, isn’t always the easiest process. Yet we hope that with the above information we’ve helped you get closer to your goal of a protected home. Remember that there is no perfect option, and instead only the right choice for your home and family. Do some additional research, write down your main priorities, and get some quotes. Using all the information available, there’s no way you can go wrong.