Effingham, NH Homeowners Insurance Rate Quotes!

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Did you know that the Effingham home insurance coverage type titled "HO-3" is the most common type of homeowners insurance policy in your area? It's important to protect your Effingham home from loss and against all perils. You may want to consider shopping your homeowners insurance rates in Effingham and let us help you compare coverage options and lower prices. With premiums consistently increasing, customers enjoy our easy to use home insurance shopping service. We represent the top rated companies in Effingham and can review with you the best coverages and discounts available. Our insurance professionals are located in New Hampshire and are ready to help you!

How to Review and Compare Effingham, NH Premiums!

You may find it interesting to know that the state of New Hampshire may not be considered the cheapest state in the country to buy a homeowners policy, because it does rank lower than average at a national rank of 34. The average annual premium for New Hampshire is $1048. All states combined you are looking at a national average of $1311 per year. You can easily shop and compare rates today for free to see how you can save hundreds on your new premium. A basic policy can see lower than $573 per year for home insurance, while other homeowners with higher replacement cost due to square footage or upgraded kitchens and bathrooms may see rates as high as $1,123. It's important to know that a standard homeowners insurance policy doesn't cover flooding, hurricane damage or earthquake damage which will also increase the rate of your premium because you are merging multiple protection policies together. Most of all, getting the best coverage at an affordable rate is key to a powerful online home insurance shopper like yourself. Can we help you discover more affordable home insurance rates today for your home in Effingham, NH? Shop online or give us a call now: 1-855-976-2656.

Compare Homeowners Insurance Rates in Effingham, NH!

Enter your Zip Code:    

Get up to 12 competitive Effingham, NH homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Effingham, NH rates all in one place!

Average Rates Nearby Effingham

Are you looking for homeowners insurance in a city near Effingham? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Effingham, NH

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Effingham.

03882,     

Effingham, NH Home Insurance Average Premiums

Local Effingham, NH home insurance quotes comparison

$573 /yr.

Shows Effingham's lowest average rates with discounts applied.

For the city of Effingham, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$573 /yr.
Average Coverage:$823 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1123 /yr.

What is the average home insurance cost for a home in Effingham, NH?

  • • The average homeowners insurance premium paid annually for a home in Effingham is around $823 per year.

What does it cost on average per month for home insurance in Effingham, NH?

  • • Homeowners in Effingham pay an average cost per month around $69.00 for insurance coverage.

Effingham, NH Coastal Wind, Hail & Flood Information

Effingham is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Effingham, NH - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $329,395 $284,858
February $329,013 $293,076
March $329,076 $302,087
April $329,105 $310,552

Homeowners insurance will help cover the cost to repair or replace your Effingham home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

  • Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Effingham
  • Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
  • Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
  • Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
  • Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Enter your Zip Code:    

Get up to 12 competitive Effingham, NH homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Effingham, NH rates all in one place!

Saving Money Tips on Effingham Home Insurance

A great way to save money on Effingham homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

  • Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
  • Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
  • Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
  • Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Effingham area? Check out what homeowners are paying on average for New Hampshire homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation Details Homeowners Tips
511 ft. This is the average home elevation in Effingham, NH

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Effingham, New Hampshire.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Effingham, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Carroll County.

New Hampshire Homeowners Insurance News & Information

  • What happens to my mortgage if my homeowners policy gets cancelled? Posted on Thursday 18th July, 2024

    As more and more insurance companies stop writing policies in certain markets or cancel existing policyholders they find too big of a risk, homeowners are finding their policies cancelled or non renewed. While a cancelled policy is a shock, it doesn’t mean you need to panic.  Following is a brief overview of what to do […]

  • Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024

    As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]

  • Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024

    Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]

  • Coastal Texas Home Insurance Rates Posted on Sunday 7th July, 2024

    While windstorm insurance is not required in Texas, it is often a necessity if you live near the coast. In certain areas there is a good chance that your mortgage lender will require that you carry a windstorm policy. A windstorm policy will cover damage that is done by wind or hail. These are the […]

  • North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Wednesday 5th June, 2024

    North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Sunset Beach, Oak Island Beach, Calabash, Bald Head Island, […]

Effingham, NH Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Effingham so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Effingham, NH?

- The average square footage in Effingham is around 997 Sq. Ft. which would cost you around $171,500 to replace the home if you base the home on the price to build per square foot of $172.

Minimum Replacement Cost Total: $171,500

Location: Effingham, New Hampshire (Carroll County)

Average Building Cost Per Square Foot in Effingham: $172 (low end)

Average Square Footage in Effingham: 997 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$172$171,500
Some Additional Upgrades$215$214,375
Major Home Updates or Advancements$258$257,250

The dwelling coverage is calculated by the average cost per square foot ($172) in Effingham, New Hampshire times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $537,500 (Media price to build of $215 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.