Insurance companies calculate home insurance costs according to how likely it is that something bad will happen. The higher the probability that a damaging event will affect your property, the more expensive your home insurance policy will be. We call these potential damaging events "risks” or “exposures.” Let’s take a look at how risky New Hampshire is compared to the rest of the US.
The good news is that the overall burglary rate in New Hampshire is significantly lower than the national average. This helps to keep insurance rates affordable in this state.
Average number of burglaries per 1,000 homes in the US: 4.69
Average number of burglaries per 1,000 homes in NH: 1.92
Severe weather events, including hailstorms and heavy winds, can wreak havoc on residential properties in this state. Be sure that your home insurance provides all the coverage you need before disaster strikes.
Number of federally declared disasters since 1953: 46
Most common cause of disasters in the state: Severe Storms
Average number of tornadoes per year in the state: 0.8
Amount paid in home insurance claims last year $153,368,000
Average home value in the US: $188,900
Average home value in NH: $251,100