Best & Cheapest Renters Insurance In Idaho For 2025

28% of all households in Idaho are renters who need the best and cheapest renters insurance. The two biggest factors influencing the cost in this area have to do with the risk of natural disasters particularly wildfires and earthquakes as well as the value of your personal belongings. The average cost of renters insurance in Idaho is approximately $216 per year, or about $18 per month. This makes it an affordable way to protect your personal belongings and liability.

Having had over 15 years of experience as a licensed property and casualty agent, I’ve helped many clients find the right renters insurance to suit their needs and budget. This deep industry knowledge allows me to provide insights that save you time and money while making sure you have the right coverage.

Cheapest Renters Insurance Companies In Idaho

Oregon Mutual and MetLife are the cheapest renters insurance companies in Idaho. Oregon Mutual costs an average of $8 per month, while MetLife costs around $10.

Best Renters Insurance Companies In Idaho 2025

Nationwide is the best renters insurance company in Idaho, with average monthly premiums of $14.

Use the table below to view the best renters insurance companies in Idaho, and their average rates.

How Much Is Renters Insurance In Idaho?

The average cost of renters insurance in Idaho is typically around $18 per month, or about $216 annually. However, the exact cost can vary significantly depending on several factors. These include the location of the rental property, the value of your personal belongings, the coverage limits, and any additional coverage options you may choose.

Average Idaho Renters Insurance Costs – By City

Where you live in Idaho can have a significant impact on the cost of renters insurance.

Here’s a table showing the average cost of renters insurance in 10 major cities in Idaho:

What Factors Affect The Price Of Renters Insurance In Idaho?

Several factors influence the cost of renters insurance in Idaho. Understanding these can help you manage your premium:

• Location: Areas along the Boise River are at risk of flash floods and many renters are at risk for hazards throughout the year including wildfires and earthquakes which can increase the cost of premiums.
• Value of Personal Belongings: The more valuable your possessions, the higher your coverage limits and premiums.
• Deductible: A higher deductible can lower your monthly premium but increase out-of-pocket costs.
• Claim History: A history of claims may increase your rates.
• Rental Property Type: Apartments may cost less to insure than houses.
• Rural vs Urban: In Idaho, the Pocatello and Twin Falls metropolitan areas have some of the highest crime rates, while Lewiston has some of the highest property crime so these areas typically have higher premiums compared to smaller towns.
• Safety Features: You can reduce your risk of things like fires with smoke detectors and your risk of theft or other property damage with security systems and deadbolts which can also potentially lower your premiums.

Is Renters Insurance Required In Idaho?

In Idaho, renters insurance is not legally required by the state, but many landlords or property management companies may require tenants to have a policy in place. While the law does not mandate renters insurance, landlords often include this requirement in the lease agreement as a way to protect both the tenant and the property owner.

For tenants, having renters insurance is a wise decision, even if it’s not required by law. It helps safeguard personal property, which may be costly to replace out-of-pocket. Furthermore, renters insurance may provide coverage for temporary living expenses if the rental unit becomes uninhabitable due to a covered event.

While not mandatory, renters insurance can provide peace of mind and financial protection. It’s important to review the lease agreement and check with the landlord to see if it’s a requirement, as failure to comply could result in penalties or lease termination.

Common Renters Insurance Discounts In Idaho

Renters insurance providers in Idaho offer various discounts that can reduce your premiums:

• Bundling Policies: Combining auto and renters insurance with the same company can lead to savings.
• Security Features: Installing security systems or smoke alarms can result in discounts.
• Claim-Free Discounts: If you haven’t filed claims in several years, you may qualify for lower rates.
• Property Age: Newer, well-maintained homes may qualify for discounts.
• Loyalty Discounts: Long-term customers may receive reduced rates over time.

Common Renters Insurance Claims In Idaho

The most common renters insurance claims in Idaho include damage from natural disasters,  including floods, wildfires, and earthquakes. Theft claims are frequent in urban areas or neighborhoods with higher crime rates, where personal belongings may be at risk. Water damage, often caused by burst pipes or appliance malfunctions, is also a common claim. Fire and smoke damage, as well as vandalism, are other typical claims that renters in Idaho may experience.

Does Renters Insurance In Idaho Cover Earthquakes?

One of the top three most common natural disasters in Idaho is earthquakes. Unfortunately, renters insurance in Idaho does not cover earthquakes.

Earthquakes are considered ground movements or Earth movements and they require a separate policy if you want to protect your personal belongings. You can purchase earthquake insurance from many state-based organizations.

Does Renters Insurance In Idaho Cover Fire?

Yes, renters insurance in Idaho covers fire damage to personal property and the rental unit itself. If a fire destroys belongings or causes damage to the apartment or house you’re renting, your renters insurance policy will typically cover the cost of repairs or replacement. This includes damage from smoke, heat, and soot.

Renters insurance also provides liability coverage if the fire spreads and causes damage to neighboring units. It’s important to keep an updated inventory of belongings to ensure adequate coverage.

Does Renters Insurance in Idaho Cover Wildfires?

Yes, a standard renters insurance policy in Idaho will cover wildfires the same as house fires. Wildfires are very common in Idaho, especially in the summer months and most policies will include damage from wildfires or internal fires but if you are worried, you can consider an additional endorsement or separate fire insurance policy.

Some insurance companies are increasing their premiums or modifying coverage for high wildfire-risk areas though the Idaho Department of Insurance is working to find solutions that provide easy access to wildfire coverage for renters.

Does Renters Insurance In Idaho Cover Flooding?

Floods are the most common occurrence in Idaho and the most expensive and predictable hazard. Unfortunately, renters insurance in Idaho does not cover flooding caused by heavy rains, storm surges, or rising water. Flooding is considered a separate peril, and standard renters policies exclude this type of damage. To protect against flooding, renters in Idaho must purchase separate flood insurance through the National Flood Insurance Program (NFIP) or private insurers.

Flood insurance will cover damage to personal property and the structure of the rental unit caused by rising water, ensuring comprehensive coverage in flood-prone areas.

Does Renters Insurance In Idaho Cover Wind Damage?

Yes, renters insurance in Idaho generally covers wind damage caused by events such as windstorms, tornadoes, and hail. Wind-related damage to personal belongings, such as furniture, electronics, and clothing, is usually covered under a standard renters policy.

It’s important to review your policy to confirm that wind damage is included and to consider additional coverage if necessary for extreme weather events.

What Does Renters Insurance Cover In Idaho?

Renters insurance provides essential protection for your belongings and liability, offering financial security in the event of unexpected incidents. Understanding what is covered under a renters insurance policy helps you make informed decisions about your coverage needs. Below, we break down the key components of renters insurance coverage.

Personal Property Coverage

Renters insurance typically covers personal belongings, such as furniture, clothing, electronics, and appliances, in the event of theft, fire, vandalism, or other covered disasters. It helps you replace or repair your possessions up to the policy’s coverage limit.

Liability Coverage

Liability protection is an essential part of renters insurance. It covers legal expenses and medical costs if someone is injured while on your property. For example, if a guest slips and falls in your home, liability coverage can help pay for their medical bills and any legal fees if you are sued.

Additional Living Expenses

If your rental becomes uninhabitable due to a covered incident, such as a fire or storm, renters insurance can cover additional living expenses. This includes the cost of temporary housing, meals, and other expenses while your home is being repaired or replaced.

Medical Payments To Others

This coverage provides small, no-fault medical payments if someone is injured on your property, regardless of who is at fault. It helps cover minor medical expenses without the need for a lawsuit or liability claim.

Flood Coverage

River-based flooding is a very common occurrence representing the most common natural disaster in the state. The Boise River floods an average of once every 5 years because of many contributing factors none of which are covered under a standard policy. However, you can get additional flood protection to cover your personal belongings.

Loss Of Use Coverage

If you cannot use your rental due to a covered event, loss of use coverage can help with extra costs such as hotel stays and transportation.

Earthquake Coverage

Idaho is ranked 5th in terms of earthquake risk but seismic events do happen putting homes and personal belongings at risk. Unfortunately, a standard renters insurance policy won’t cover ground movements like earthquakes but you can protect your belongings with an additional policy.

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