Best & Cheapest Homeowners Insurance in Manchester, NH June, 2024

Nationwide provides the most affordable home insurance choice for homeowners in Manchester, with an average yearly quote of $820.

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Bob Phillips
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In our detailed examination of home insurance providers in Manchester, New Hampshire, Nationwide stands out as the most budget-friendly option, offering an average yearly rate of $820. However, it’s important to note that the best insurer may vary depending on your specific circumstances.

For example, if your credit score is low, Nationwide still offers the most economical choice with an average annual premium of $1,354. On the other hand, if you have an older home, State Farm provides competitive rates at $1,058 annually along with comprehensive coverage.

Conversely, for newly built homes, Travelers offers the most cost-effective solution at $572 per year. And for those with a history of claims, USAA provides an affordable option at $1,506 annually.

Moreover, if you have valuable personal belongings requiring protection, Nationwide once again proves to be the top choice, offering extensive coverage at a reasonable rate of $841 per year.

Our thorough analysis at Insuranceopedia aims to help you find the perfect fit for your home insurance needs. By comparing customer ratings, evaluating personal experiences, and presenting comparison charts, we provide all the necessary information to make a well-informed decision.

How much is homeowners insurance in Manchester, NH?

In Manchester, Nationwide provides the most affordable homeowners insurance rate at $910 per year.

As shown below, rates in Manchester are lower than both the national average and the average rate for the state of New Hampshire.

Area Average Monthly Rate
National $1,820
New Hampshire $915
Manchester $910

It’s important to understand that insurance rates are not uniform; they can vary significantly based on various factors.

Cheapest Homeowners Insurance in Manchester, NH

Cheapest Homeowners Insurance, Manchester, 2024

Our Methodology

To find the most cost-effective home insurance rates in Manchester, we analyzed data from multiple home insurance review platforms. Some of these platforms used rates sourced from public filings obtained by Quadrant Information Services. We calculated an average of these rates for this review. However, it's important to note that the rates offered by each company can change regularly and may vary depending on your individual circumstances. Additionally, our comprehensive rating takes into account my subjective opinion, based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest Homeowners Insurance in Manchester, NH

Nationwide stands out as the most economical choice for homeowners insurance in Manchester, NH, offering an average annual rate of $820.

Company Annual Premium
Nationwide $820
Farmers $946
State Farm $993
Allstate $1,028
USAA $1,103

Your policy’s cost is influenced by various factors, such as your location, your home’s value, and your claims history. Nationwide provides a balanced combination of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have an Older Home

State Farm provides the most affordable rates for older homes, averaging $1,058 per year.

Insurance Company Average Annual Premium
State Farm $1,058
Nationwide $1,084
USAA $1,109
Allstate $1,281
Amica $1,467

Older homes often have unique risks and maintenance challenges that can potentially increase insurance expenses. However, State Farm offers competitive rates and comprehensive coverage tailored to meet the specific needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

Travelers provides the most affordable option for newly constructed homes, with an average annual rate of $572.

Insurance Company Average Annual Premium
Travelers $572
Farmers $730
State Farm $758
USAA $781
Allstate $810

Newly constructed homes often demand different coverage compared to older ones, and Travelers excels in offering affordable policies tailored to these specific requirements.

Cheapest Homeowners Insurance If You Have Poor Credit

If you have a poor credit score, Nationwide provides the most affordable solution, with an average annual rate of $1,354.

Insurance Company Average Annual Premium
Nationwide $1,354
Amica $1,392
Travelers $1,496
Allstate $2,038
State Farm $2,201

Your credit score can significantly influence your insurance rates as insurers use it to assess risk. Nationwide recognizes the importance of providing fair coverage to everyone, regardless of their financial history.

Cheapest Home Insurance for a History of Claims

If you have a history of claims, USAA offers an affordable solution, with an average annual rate of $1,506 for homeowners.

Insurance Company Average Annual Premium
USAA $1,506
Farmers $1,725
Allstate $1,836
Nationwide $2,017
Amica $2,527

A history of claims can signal higher risk for insurers, often resulting in increased premiums. However, USAA believes in providing second chances and offers reasonable rates for individuals with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you own a significant amount of personal property, Nationwide offers the most affordable rates, averaging $841 annually.

Insurance Company Average Annual Premium
Nationwide $841
State Farm $970
Farmers $1,032
Allstate $1,107
USAA $1,126

As your personal property increases, your coverage needs also grow, potentially resulting in higher premiums. However, Nationwide offers comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected.

Best Homeowners Insurance Companies in Manchester, NH

Selecting the right homeowners insurance isn’t just important; it’s a strategic decision. With Manchester’s rich history, its homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes crucial.

To simplify your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Manchester, NH. These companies have been evaluated based on criteria such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below to find the perfect match for your home insurance needs.

Company Annual Premium
1. Nationwide $910
2. Farmers $946
3. State Farm $993
4. MetLife $982
5. Allstate $1,028
6. USAA $1,103
7. Amica $1,038
8. Travelers $1,088

Average Home Insurance Rates in Manchester, NH by Deductible Amount

The chosen deductible amount for a homeowners insurance policy has a significant impact on premium rates in Manchester, NH. Here’s how the average home insurance rates fluctuate for different deductible amounts:

Deductible Amount Average Annual Premium
$500 $1,189
$1,000 $987
$1,500 $860
$2,000 $709

Average Home Insurance Rates in Manchester, NH By Coverage Amount

The amount of dwelling coverage you select is a crucial factor affecting your premium. This figure represents the maximum sum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Below is a comparison chart illustrating the average annual homeowners insurance premiums for various dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $751
$250,000 $843
$300,000 $1,032
$350,000 $1,107
$400,000 $1,378

Average Home Insurance Rates in Manchester, NH by Company

Here’s a comparison of annual premiums from the leading insurance providers in Manchester.

Company Annual Premium
Nationwide $910
Farmers $946
State Farm $993
MetLife $982
Allstate $1,028
USAA $1,103
Amica $1,038
Travelers $1,088

How Much is Homeowners Insurance for Other Cities in New Hampshire?

Here’s a comprehensive comparison chart displaying the most affordable annual premiums across different cities in New Hampshire:

City Annual Premium
Concord $962
Rochester $918
Keene $946
Laconia $989

Getting Online Homeowners Insurance Quotes in New Hampshire

With informative platforms like Insuranceopedia, finding the perfect coverage for your specific needs is just a few clicks away. By offering quick online quotes from various top-rated insurers, Insuranceopedia allows you to effortlessly compare rates.

Simply enter your details, and let us do the work for you by presenting a range of options customized to your requirements. This empowers you to confidently choose a policy that offers the best value, striking a balance between cost and comprehensive coverage.

FAQs

Who has the cheapest home insurance in Manchester, NH?

In Manchester, New Hampshire, Nationwide offers the most affordable home insurance option, charging an annual premium of $820.

What is the average cost of home insurance in Manchester, NH?

Typically, homeowners insurance in Manchester, New Hampshire, averages around $910 annually.

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