Renters insurance in Idaho: Cost, best companies and how to save

What is the average cost of renters insurance in Idaho?

The average cost of renters insurance in Idaho is $169 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$169
Average monthly premium	$14

Read our methodology

Best renters insurance company in Idaho: American Family

Among the carriers surveyed, American Family is the best renters insurance company in Idaho, with a top score and an average renters insurance rate of $188.

Farmers and Nationwide are the other best insurance companies for renters insurance in Idaho.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Idaho, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in Idaho.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
American Family	$188	A	0.37	5
Farmers	$200	A	0.54	4.57
Nationwide	$186	A+	0.87	4.37
State Farm	$230	A++	0.95	3.72

Read our methodology

Cheapest renters insurance in Idaho

Our analysis shows that Nationwide is the cheapest renters insurance company in Idaho, with an average annual premium of $186.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in Idaho along with their average annual premiums.

Company name	Average annual premium
Nationwide	$186
American Family	$188
Farmers	$200
State Farm	$230
Farm Bureau	$287
USAA	$101

Read our methodology

Idaho renters insurance: The least and most expensive ZIP codes

Your location in Idaho directly impacts the cost of renters insurance. The most expensive ZIP code in Idaho is 83301, with an average annual premium of $181. This amount is $12 more than higher than the state average.

On the other hand, 83422 is the least expensive ZIP code for renters insurance with an average annual premium of $160 a year.

Best home insurance companies in Texas

Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
83301	$181
83316	$180
83334	$178
83321	$178
83325	$175
83283	$173
83460	$163
83255	$161
83251	$161

ZIP code	Average annual rate
83422	$160
83213	$161
83448	$163
83423	$164
83322	$173
83809	$176
83836	$178
83660	$179
83301	$181

Renters insurance cost in Idaho by city

Renters insurance rates vary widely across cities in Idaho, driven by factors such as weather risks, crime rates, and other factors. To find the best deal in your city, you should consider these factors and compare quotes from multiple insurers before choosing a policy.

City	Annual insurance premium
Boise City	$172
Caldwell	$180
Coeur d'Alene	$174
Idaho Falls	$172
Meridian	$171
Nampa	$179
Pocatello	$174
Post Falls	$174
Rexburg	$168
Twin Falls	$187

Read our methodology

How to save on renters insurance in Idaho

There are several easy ways to lower the cost of renters insurance in Idaho without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Idaho renters insurance

Do I need renters insurance in Idaho?

You do not legally require renters insurance, but your landlord may require you to carry a policy as part of your lease agreement.

How much renters insurance do I need in Idaho?

You should make sure your personal property coverage is sufficient to replace all of your belongings at replacement cost; there is no minimum requirement.