If you are shopping for a homeowner insurance quote in Idaho, read the information below to save the most money on your coverage. Homeowner insurance coverage in Idaho for a home or condo is ranked No. 49 in terms of average insurance rates. Just how cheap is insurance in Idaho? Annual premiums only cost $362 to $477.
It is precisely because of the fact that insurance is so cheap that homeowners in Idaho should avail of this opportunity, even if the state has a considerably low risk for natural disasters.
It is very important for homeowners to know that certain factors could influence the premiums of homeowner insurance in Idaho. These factors that should be considered are as follows…
· Age of the home
New homes are cheaper to insure. Insurance companies may limit coverage or refuse outright to insure older homes.
· Construction of the home
The sturdier the home, the lesser the insurance cost. For example, insurance rates of brick homes are lower than frame houses.
· Fire Protection
Insurance of premiums are lesser if the home is near a fire hydrant or a fire station.
Savings on insurance premiums could be availed by getting several types of coverage from the same insurance company. For example, aside from homeowner insurance, one could get a bundled package with car and life insurance, to get a higher discount. Other discounts may be availed of by having protective devices and security alarms installed in the home. Deadbolts on exterior doors and locks and bars on windows also have equivalent discount on premiums. Like most states, Idaho considers smoking a fire hazard, so a homeowner could get additional discounts if he/she or their family members would quit the habit.
One important factor that could lower premiums is deductibles. This refers to the amount of money that the homeowner will take responsibility for when claims are to be made on home and personal property coverage. For example, in a claim for a stolen computer worth $2,000, a $1,000 deductible means that the homeowner will shoulder this amount to have the computer replaced while the insurer will pay the other $1000.
Idaho homeowners should be wary of getting higher deductibles just to lower their premiums. Such a move could backfire drastically in that he or she could end up paying for most of the damages and replacement costs out of their pockets instead of having the insurance company shoulder the financial burden.
There is one last, but very important reminder when it comes to homeowner insurance in Idaho. An insurance provider may, at any time, choose to cancel a homeowner insurance policy for non-payment of premiums. Idaho insurance laws, however, strictly requires that the insurer send a cancellation notice to the policy holder at least 30 days before the cancellation date. This would apply if the reason for the cancellation of the policy is other than non-payment of premiums. But, if the policy has not paid his or her premiums, the cancellation notice is to be sent only ten days in advance of the cancellation date.
With such a low cost of insurance, there is absolutely no reason for homeowners in Idaho not to get even a basic homeowner policy. Despite its low risk for natural disasters, calamities could occur at any time and any place, so it would be best for Idaho homeowners to protect their most valuable investment, namely their home.
Find homeowner insurance rates in each of these Idaho cities or counties
Ammon – Blackfoot – Boise – Burley – Caldwell – Chubbuck – Coeur d’Alene – Eagle – Garden City – Hailey – Hayden – Idaho Falls – Jerome – Lewiston – Meridian – Moscow – Mountain Home – Mountain Home AFB – Nampa – Payette – Pocatello – Post Falls – Rexburg – Sandpoint – Twin Falls – Ada County – Adams – Bannock – Bear Lake – Benewah – Bingham County – Blaine – Boise County – Bonner County – Bonneville – Boundary – Butte – Camas – Canyon – Caribou – Cassia – Clark County – Clearwater – Custer – Elmore – Franklin – Fremont – Gem County – Gooding – Idaho – Jefferson – Jerome County – Kootenai County – Latah County – Lemhi – Lewis – Lincoln – Madison – Minidoka – Nez Perce – Oneida – Owyhee – Payette – Power – Shoshone – Teton County – Twin Falls County – Valley County – Washington County
Homeowner insurance in Idaho provides coverage in the event of damage to your property from theft, fire, floods, and natural disasters as well as protects you from liability for injuries or damage caused to people on your property. The right homeowner insurance plan can help you make the best choices about this important protection for you and your family. Get free quotes on homeowner insurance in Idaho above.