Renters Insurance

The Best Cheap Renters Insurance in New Hampshire

The Best Cheap Renters Insurance in New Hampshire

The best renters insurance for most people in New Hampshire comes from State Farm, where an average policy costs $9 per month.

Compare Cheap Renters Insurance in New Hampshire

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Choosing the best renters insurance means finding a company that combines cheap prices with reliable customer service and practical coverage. To help you decide on a renters insurance company, we collected quotes from five of the largest insurers in New Hampshire across 25 of the most populous cities in the state.

Methodology

Cheapest renters insurance quotes in New Hampshire

State Farm offers the cheapest renters insurance quotes in New Hampshire. On average, a policy from State Farm costs $106 per year, which is $32 per year cheaper than the state average.

The average cost of renters insurance in New Hampshire is $12 per month, or $138 per year.

That's $74 per year less expensive than the average cost across the United States, making New Hampshire the second-cheapest state in the country for renters insurance.

A bar graph showing the average costs of renters insurance in New Hampshire

Compare Cheap Renters Insurance in New Hampshire

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Your location, home or apartment size, insurance history and the coverage limits you choose all influence the price you're quoted for insurance coverage. We recommend comparing renters insurance quotes from multiple companies to make sure you're getting the best rates based on your own criteria.

Company
Monthly cost
State Farm logo
State Farm$9
Amica logo
Amica$10
Nationwide logo
Nationwide$11
Allstate logo
Allstate$13
Travelers logo
Travelers$15

Best renters insurance for most people: State Farm

State Farm offers New Hampshire renters excellent rates for practical coverage.

Read the full review.

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The good:

  • Cheapest rates in New Hampshire
  • Dependable customer service

The bad:

  • Few coverage add-ons

State Farm has the best renters insurance rates for most people in New Hampshire. The average cost of coverage is $9 per month, which is 23% more affordable than New Hampshire's average cost.

When it comes to customer service, renters are generally happy with their experience at State Farm. The company receives fewer complaints than expected for its size, according to the National Association of Insurance Commissioners (NAIC). Additionally, State Farm was ranked the second-best renters insurance company in the nation by J.D. Power, based on its customer satisfaction survey.

The coverage offered by State Farm is basic but will fit the needs of most people. In addition to coverage for your personal property and liability protection, renters can increase their coverage for high-value items, like jewelry and firearms. However, State Farm doesn't offer popular upgrades like replacement cost coverage or water backup protection.


Best customer service: Amica

Amica provides reliable customer service at affordable rates for New Hampshire renters.

Read the full review.

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The good:

  • Great customer service
  • Low-cost coverage
  • Lots of discounts

The bad:

  • Coverage options are limited

The best renters insurance for people in New Hampshire who value dependable customer service comes from Amica. The company receives only about 12% of the complaints expected for its size, according to the NAIC. Additionally, its "Superior" credit rating from AM Best means Amica won't default on paying claims. That means renters who choose Amica will have peace of mind, knowing that their insurance company can take care of them if they have to make a claim.

Amica is also the second-cheapest company we found in New Hampshire. Renters can get a policy for $10 per month, or $120 per year, on average. That's about 12% cheaper than the average cost in New Hampshire. In addition, renters can lower their rates with discounts for purchasing a policy online, bundling auto and renters insurance, having a claim-free record and signing up for automatic payments.

Amica's coverage is fairly standard but sufficient for many people. A basic policy includes protections for personal property, liability expenses and loss of use coverage. You can purchase expanded coverage for valuable belongings and identity theft protection, too.


Best renters insurance for seniors: Allstate

Along with other discounts, Allstate offers discounted rates to some older renters in New Hampshire.
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The good:

  • Large discounts
  • Lots of local agents

The bad:

  • Rates are expensive without discounts
  • Mediocre customer service

Allstate is a great option for retirees living in New Hampshire. Renters who are at least 55 years old and retired could receive a discount worth up to 25% from Allstate. Discounts are also available for people who insure their car with Allstate, maintain a claim-free insurance record or make automatic payments.

While it's only slightly more expensive than the average cost of renters insurance in New Hampshire, Allstate's rate might be too expensive for people who don't qualify for any discounts — especially since the coverage offered by Allstate isn't too different from Amica and State Farm, both of which are cheaper.

Although Allstate has agents in 25 cities across New Hampshire, the company's customer service reputation isn't great. Allstate receives more complaints than expected for a company of its size, according to the NAIC. Additionally, Allstate is rated below average among national providers by J.D. Power for its policyholders' overall satisfaction.


New Hampshire renters insurance rates: City-by-city breakdown

The cheapest renters insurance in New Hampshire is found in Hanover and Laconia, while prices in Windham are usually higher.

The cost of renters insurance in New Hampshire doesn't fluctuate much across the 25 most populated cities across the state. Renters living in Windham, the most expensive city, pay an average of $13 per month — only $2 per month more than the state average.

City
Average annual cost
Difference from state average (%)
Bedford$138-1%
Claremont$132-5%
Concord$132-5%
Derry$1412%
Dover$136-2%
Show All Rows

Compare Rates

Best-rated renters insurance in New Hampshire

Amica offers the best widely available customer service for renters in New Hampshire.

Renters insured with Amica are often content with their experience — the company receives far fewer complaints than other insurers of a similar size, according to the NAIC. ValuePenguin editors also gave Amica a high score based on the overall value it provides customers.

Company
Rating
USAA
Amica
State Farm
Nationwide
Allstate
Travelers

New Hampshire renters can find industry-leading customer service from USAA as well. However, only military members, veterans and their families are eligible to purchase a policy.


What does renters insurance cover in New Hampshire?

Most renters insurance companies offer similar basic forms of coverage, including:

  • Medical payments to others
  • Loss of use coverage

In addition, some insurers give you more ways to personalize a policy with extra protections. Although purchasing add-ons can raise your rates, it could be a good idea to choose an insurer that will give you the flexibility to increase your protection in the future. Some of the most practical upgrades, or endorsements, available include:

  • Replacement cost coverage: Pays you the full value of your damaged or stolen property, instead of its depreciated value, which factors in wear and tear.
  • Water backup protection: Pays for water damage caused by backed-up sinks, drains and sump pumps.
  • Mechanical breakdown coverage: Increases protection for your electronics and appliances.

Frequently asked questions

How much is renters insurance in New Hampshire?

The average cost of renters insurance in New Hampshire is $12 per month, or $138 per year.

Is renters insurance required in New Hampshire?

Renters insurance is not required by law in New Hampshire. However, your property management company or landlord may require you to purchase a policy as a part of your lease agreement.

How much does renters insurance cost in Nashua, NH?

Renters living in Nashua can expect to pay $137 per year, or $11 per month, for coverage. That's $1 per year cheaper than the statewide average.

Methodology

We chose the best renters insurance in New Hampshire by comparing three metrics:

  • Affordability: The price a typical customer can expect to pay for coverage.
  • Coverage options: The quality of a standard policy and the extra features an insurer offers.
  • Customer service: Whether an insurer is known for responding quickly and fairly to claims.

To compare renters insurance rates in New Hampshire, we collected more than 100 quotes from 25 of the most populous cities across the state. Our sample renter is a 25-year-old man living alone with no claim history. Rates are based on $30,000 of personal property protection, $100,000 of liability, $1,000 for medical payments to others and a $500 deductible.

We evaluated the customer service reputations of renters insurance companies in New Hampshire using three key measurements:

  • NAIC complaint index: The NAIC complaint index communicates the number of complaints a company receives relative to its size. The figure 1.00 stands for the typical number of complaints, which means a complaint index below 1.00 signifies that a company gets fewer complaints than expected.
  • J.D. Power Homeowners Insurance Study - Renters Insurance: J.D. Power evaluates national providers according to responses from policyholders.
  • ValuePenguin editor's rating: Our editors rate insurance companies based on the availability of coverage options, customer service reviews and the overall value provided to customers.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.