Average homeowners insurance cost in Meridian, ID

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In Meridian, homeowners pay an average annual rate of $1,805 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $777 less than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Meridian depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Meridian, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Meridian.

Key takeaways

In Meridian, homeowners insurance costs $1,805 annually.
American Family offers the most affordable homeowners insurance in Meridian with an average annual premium of $1,156.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $443 higher.

Average homeowners insurance cost in Meridian per month

Residents of Meridian pay an average of $150 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $13 less than the state average of $163 and $65 less than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Meridian may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Meridian

In Meridian, ID, homeowners pay an average of $1,362 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Meridian

As per rate analysis by Insure.com, homeowners residing in Meridian typically pay an average of $1,805 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $443 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Meridian by company

After evaluating several carriers, American Family is the least expensive homeowners insurance provider in Meridian. It’s average annual rate for homeowners in Meridian is $1,156.

Nationwide holds the second position, while Allstate secures the third spot with an average annual home insurance rate of $1,340.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Meridian and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Meridian and their average annual premiums.

Home Insurance Company	Annual rate
American Family	$1,156
Nationwide	$1,156
Allstate	$1,340
Farmers	$1,609
State Farm	$2,031
Farm Bureau	$2,974
USAA*	$2,044

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Meridian for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.