How to find affordable homeowners insurance in Boise
Home insurance is a critical element of homeownership. Fire, vandalism, theft, and wind damage are just some of the perils from which homeowners coverage can protect your dwelling and other personal belongings. With the relative frequency of such perils — along with the high cost of rebuilding or repairing damages to a home — purchasing home insurance is a smart investment. The average homeowners policy costs $71 per month in Boise, Idaho. This is well under what the average American pays for home insurance.
The cost of home insurance depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils likewindstorms, hail, fire, or even theft, home insurance rates may be higher to account for the extra risk. Find out more info about what a home insurance policy covers.
Finding cheap home insurance in Boise starts with shopping around and comparing policies. Check out the below summary of average homeowners insurance rates in Boise to begin your home insurance search with as much info as possible. One thing to note is that the yearly cost of home coverage is determined based on your chosen coverage limits as well as a number of other rating factors.
Table of contents:
- Rates by insurer
- Rates by coverage amount
- Rates by ZIP code
- Rates by deductible amount
- Policy bundling savings
Â
Boise home insurance by company
Homeowners insurance rates in Boise vary from one insurance company to another. Liberty Mutual offers the most affordable home insurance in Boise, at just $422 per year. This compares favorably to the city’s average homeowners premium of $857.
Have a look at the lowest-cost insurance companies in Boise, Idaho to find the best homeowners policy for you. Then, see our guide discussing the best home insurance companies ranked by customer satisfaction, third-party ratings, and other factors.Â
AFFORDABLE HOME INSURERS IN BOISE
| Company | Average Annual Rate |
| Liberty Mutual | $422 |
| Farm Bureau | $465 |
| American Family | $781 |
| Allstate | $786 |
| Farmers | $857 |
Â
Boise homeowners insurance prices by coverage level
The level of home coverage you select has an impact on your insurance premiums. In Boise, carrying $200K dwelling coverage costs an average of $648, while carrying additional coverage up to $400K costs $1,041/year.
POPULAR COVERAGE LIMITS IN BOISE
| Coverage Level | Average Annual Rate |
| $100,000 Dwelling | $398 |
| $200,000 Dwelling | $648 |
| $250,000 Dwelling | $726 |
| $400,000 Dwelling | $1,041 |
Â
Boise home insurance rates by ZIP code
Home insurance premiums can vary depending on what area of Boise in which you live. The number of claims filed in your local area can be a factor in determining the price of your policy. Put simply, where you live could have a huge impact on what you pay for home insurance.
The cheapest home insurance rates in Boise are available in 83704. In 83704, the typical home insurance policy costs $818 per year — $39 less than the citywide average in Boise. The below table shows the best places to live in Boise if you’re looking for affordable homeowners insurance.
AFFORDABLE HOME INSURANCE AREAS IN BOISE
| ZIP Code | Average Annual Home Insurance Rate |
| 83704 | $818 |
| 83705 | $822 |
| 83706 | $826 |
On the other hand, some areas of Boise face higher homeowners insurance costs, on average. Crime rates, fire risk, and even your how close you are to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which has the potential to drive up the area's insurance costs. With an annual average premium of $948, 83725 comes in as the priciest ZIP code in Boise for homeowners coverage.
EXPENSIVE HOME INSURANCE AREAS IN BOISE
| ZIP Code | Average Annual Home Insurance Rate |
| 83725 | $948 |
| 83716 | $879 |
| 83708 | $873 |
Â
Boise homeowners insurance deductibles
Among the numerous choices homeowners face when purchasing homeowners insurance is where to set the deductible. A homeowners deductible is the amount you are responsible for paying toward a covered loss. Where you choose to set your homeowners deductible is directly related to the overall cost of your coverage.
When considering your homeowners deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. As such, if you want lower insurance rates, aim for a higher deductible. Remember that your deductible should only be set as high as you can reasonably afford if you suffer a loss.
The table below reveals the average rates associated with standard homeowners deductibles.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN BOISE
| Deductible Level | Average Annual Homeowners Insurance Rate |
| $500 | $793 |
| $1,000 | $726 |
| $1,500 | $688 |
| $2,000 | $653 |
| $5,000 | $570 |
Â
Home and auto insurance bundling in Boise
If you’re searching for ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. Bundling policies in Boise could, in fact, lead to average annual savings of 11%.
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN BOISE
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| State Farm | $600 |
| GEICO | $641 |
| Liberty Mutual | $666 |
| Farmers | $772 |
| Farm Bureau | $863 |
Compare quotes on Boise, ID home insurance today!
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.