Who Has The Cheapest Renters Insurance Quotes in Idaho?
Less than two million people live in Iowa, so there aren’t as many renters by volume compared to other states, but there are renters there. Our study shows which areas have the cheapest and most expensive rates using quotes for a sample property (a rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage). Since we used one sample property, rates have comparative value, but are not indicative of what all tenants can expect to pay for their renters insurance. Enter your zip code above to begin searching for renters insurance quotes.
- Cheapest Renters Insurance Companies
- Best Renters Insurance Rates: by City
- Average Cost of Renters Insurance: by City
- Study Methodology
Cheapest Renters Insurance in Idaho
To find the most affordable renters insurance offered in Idaho, we collected quotes from major insurance companies for a sample rental property of 1,000 square-feet. For our sample renters policy, we found that Nationwide had the lowest annual rate at $149, which is about 29% cheaper than the average for Idaho. Below are the average annual rates for the five major companies, ranked from cheapest to most expensive:
| Rank | Cheapest Renters Insurance Company | Average Annual Rates |
|---|---|---|
| 1 | Nationwide | $149 |
| 2 | Allstate | 163 |
| 3 | State Farm | 172 |
| 4 | Farmers | 210 |
| 5 | Liberty Mutual | 361 |
| Average | 211 |
These rates were obtained for a profiled property. To find the best rates for yourself, we recommend that you look for quotes from multiple insurance companies and compare them.
Best Renters Insurance Rates in Idaho: by City
None of the cheapest places for renters insurance are near one another but all of them are in the southern half of Idaho. Like other small states, such as Delaware, the cheapest places are not all that less expensive than the rest of the state. The cheapest - Montpelier - is only 3% less than the state average.
| Rank | Cities | Average Annual Rate | % Difference vs State Average |
|---|---|---|---|
| 1 | Montpelier | $205 | -3.00% |
| 2 | Ketchum | 205 | -2.98% |
| 3 | Mountain Home | 205 | -2.96% |
| 4 | Blackfoot | 205 | -2.90% |
| 5 | Rigby | 205 | -2.61% |
*The Average Annual Rate is rounded to the nearest whole dollar amount.
Montpelier, ID
Located in the Bear Lake Valley, Montpelier was established by Mormon pioneers traveling the Oregon Trail and eventually incorporated in 1864. Although it went by several names beforehand, one of the founding fathers of Mormonism, Brigham Young, named the city Montpelier and it stuck. Montpelier narrowly achieved the mark of cheapest renters insurance for our sample property in Idaho. Rates in the city are 3% lower than the state average for the sample property.
Ketchum, ID
At one time, the town of Ketchum was one of the richest mining districts in the Northwest. In addition to mining, a number of other industries became important to the local economy. Sheep, lamb and the associated business was a mainstay until the city became a popular skiing destination. It still has a reputation as an outdoor getaway and the Sun Valley ski resort is one of highlights. The city also has an annual Wagon Days Parade, featuring original Lewis Ore Wagons, in celebration of the town's rich pioneer mining history. American novelist Ernest Hemingway spent time and is buried in Ketchum. Renters insurance rates in Ketchum also are 2.98% lower that the study’s average for the state.
Mountain Home, ID
Mountain Home was originally a stagecoach stop. Prior to adopting its present name, the city was known as Rattlesnake and when the first post office was established, the city was renamed. The Oregon Short Line railroad first entered the area in 1883. Residents of Mountain Home had some of the best renters insurance rates quotes in Idaho. Rates were 2.96% lower than the state’s average rate.
Blackfoot, ID
Blackfoot was named by the traders and trappers of the Hudson's Bay Company, who traveled through the area in 1818. They met Native Americans with the blackened footwear caused by nearby wildfires in 1812. In 1874, Major Danilson and Fredrick S. Stevenson opened the first general store. Renters insurance premiums in Blackfoot are 2.9% lower than the state average to insure the sample property.
Rigby, ID
Rigby is a small city in Jefferson County best known for its Stampede Days Parade in the summer, which celebrates cowboys and rodeos. The unemployment rate for the 3,000-resident city also is lower than the national average. Rigby renters insurance rates for our sample property are 2.61% lower than the state average for the identical property.
Most Expensive Renters Insurance in Idaho
Like the cheapest places in Idaho, the most expensive are not nearby one another. They also are all are located in the southern region of the state.
| Rank | Cities | Average Annual Rate | % Difference vs State Average |
|---|---|---|---|
| 1 | Shoshone | $232 | 10.11% |
| 2 | Twin Falls | 225 | 6.73% |
| 3 | Burley | 224 | 6.28% |
| 4 | Payette | 224 | 6.03% |
| 5 | Nampa | 224 | 6.00% |
*The Average Annual Rate is rounded to the nearest whole dollar amount.
Shoshone, ID
Shoshone is a central gateway to the High Desert, Sawtooth Mountains and other outdoor highlights in Idaho. Some of the most popular tourist destinations are the Ice and Mammoth Caves, Craters of the Moon, Malad Gorge and the many hot springs. Renters insurance quotes for our sample property were 10.11% more than the state average.
Twin Falls, ID
Wilson Price Hunt, arriving in the city in 1811 with the first European settlers but a permanent settlement wasn’t established until 1864. It was named after the Twin Falls of the nearby Snake River. The city is one of only three in the state with a council-manager form of government. Twin Falls is second most expensive place to insure the study’s sample property, where where renters insurance premiums were 6.73% higher than the state average.
Burley, ID
The seat of Cassia County is the second largest city in the Magic Valley and has more than 9,300 residents. The people there enjoy view of Snake River, a golf course, skate park and other attractions. Renters insurance rates were 6.28% higher in Burley than the study average for the state.
Payette, ID
Payette was originally known as Boomerang, but it was renamed after a French Canadian fur trapper named Francois Payette. Baseball Hall of Famer Harmon Killebrew is from and buried in Payette, Idaho. The city had the fourth most expensive renters insurance in Idaho, with premiums 6.03% higher than the state average.
Nampa, ID
Nampa has 20 city parks, numerous walking trails and water skiing at nearby Lake Howell. Indoors, the city's recreation center has climbing walls, an indoor track, five swimming pools and other amenities. It’s located just 20 miles west of Boise, Idaho and home to Northwest Nazarene University and the College of Western Idaho. Renters insurance rates are 6% higher in Nampa than the average for the same property across the state.
Average Cost of Renters Insurance in Idaho: by City
The 38 cities in Idaho analyzed in our study were ranked according to quotes gathered from five major carriers for our sample rental property. Using that data, we determined a mean renters insurance rate of $211 for the state. The results also showed that the most expensive place for renters insurance was 13% higher than the cheapest, which is a small difference compared to other state. In Texas, for example, the city with the most expensive renters insurance rates is 74% higher than the cheapest. Some rates are even more drastic. Premiums for the most expensive places in California and Pennsylvania both cost 2x more than than the cheapest.
Study Methodology
Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Idaho. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium.
| Rank | Cities | Average Annual Rate | % Differeence vs State Average |
|---|---|---|---|
| 4 | Blackfoot | $205 | -2.90% |
| 6 | Boise | 206 | -2.58% |
| 25 | Bonners Ferry | 209 | -1.07% |
| 36 | Burley | 224 | 6.28% |
| 31 | Challis | 216 | 2.22% |
| 21 | Coeur D Alene | 208 | -1.37% |
| 19 | Cottonwood | 207 | -1.72% |
| 32 | Council | 222 | 5.06% |
| 13 | Driggs | 206 | -2.18% |
| 11 | Eagle | 206 | -2.52% |
| 12 | Emmett | 206 | -2.48% |
| 28 | Grangeville | 214 | 1.33% |
| 26 | Homedale | 211 | -0.10% |
| 8 | Idaho Falls | 206 | -2.58% |
| 29 | Kamiah | 214 | 1.37% |
| 2 | Ketchum | 205 | -2.98% |
| 9 | Kuna | 206 | -2.56% |
| 14 | Lewiston | 207 | -1.97% |
| 33 | Malad City | 223 | 5.62% |
| 24 | Mccall | 209 | -1.18% |
| 7 | Meridian | 206 | -2.58% |
| 1 | Montpelier | 205 | -3.00% |
| 22 | Moscow | 208 | -1.35% |
| 3 | Mountain Home | 205 | -2.96% |
| 34 | Nampa | 224 | 6.00% |
| 18 | Orofino | 207 | -1.77% |
| 35 | Payette | 224 | 6.03% |
| 16 | Pocatello | 207 | -1.88% |
| 17 | Preston | 207 | -1.86% |
| 23 | Priest River | 208 | -1.26% |
| 15 | Rexburg | 207 | -1.89% |
| 5 | Rigby | 205 | -2.61% |
| 20 | Sandpoint | 208 | -1.37% |
| 27 | Shelley | 211 | -0.10% |
| 38 | Shoshone | 232 | 10.11% |
| 30 | St Maries | 215 | 1.75% |
| 37 | Twin Falls | 225 | 6.73% |
| 10 | Weiser | 206 | -2.56% |
*The Average Annual Rate is rounded to the nearest whole dollar amount.