Home Insurance in Nashua, NH
Choosing home insurance in Nashua, NH, is a crucial step in protecting your property.
Nestled between the Merrimack River, Silver Lake State Park and the Massachusetts border, Nashua, NH, is a beautiful little city perfect for nature enthusiasts. The summers are beautiful, with highs of 84 degrees and plentiful showers to keep the greenery vibrant and flourishing. Autumn brings clear skies, which continue until December. This city sees a great deal of snow, especially during January, which has an average snowfall of 13.1 inches.
Fortunately, there's still plenty for residents to do during the cold months, including shopping, visiting the local breweries and visiting historical buildings. As of 2022, Nashua is home to 91,161 people, 73.2% of whom identify as white, though residents of Black, Hispanic and Asian ancestry comprise a sizable portion of the community. Among adults, 40% have a college degree, and the majority work in healthcare, manufacturing and retail. The crime rate is lower than the national average, but there are significantly more crimes per square mile than the state median.
The cost of living is 10.7% higher in Nashua than the national average, and real estate prices reflect this. The median cost of a home is $425,900, and most houses are 50 years old or newer. Property has significantly appreciated over the past 20 years, likely due to Nashua's continued population growth.
Weather can do a number on a house, and Nashua sees plenty of storms:
The area has also experienced over 300 floods since 1950, which may concern homeowners. Standard home insurance doesn't usually include flood coverage, meaning you'll need to add a supplemental policy. Since the risk of flooding will likely increase in the coming years, getting this coverage is crucial to recovering after a disaster.
The good news is that the average annual premium in Nashua is surprisingly affordable. At $922, Nashua residents pay about average for their state and about half the national average. The relatively young age of properties may contribute to this low cost, as locations with newer structures have fewer hidden risks, such as mold, wood rot and old wiring. With $922, homeowners can expect standard coverage:
Damage from snow is one of the biggest risks in Nashua, as it can put pressure on rooftops and trees. Weakened roofs and dead tree branches may give way under the weight, resulting in collapsed structures, broken windows and more. Once the home's interior gets exposed to the elements, it's at risk of developing mold, so quick repairs are crucial to keeping costs low.
Areas of New Hampshire that receive less severe weather may have cheaper insurance premiums, as there's a lower risk of damage. Similarly, cities further from bodies of water may have lower flood insurance premiums since the risk of flooding is smaller.
Finding the right policy can take a while if you gather quotes manually. Fortunately, you can skip this tedious task with the help of VIU by HUB. This tool collects quotes from a variety of insurers, allowing you to compare prices side-by-side. With all the information in one place, you can choose the right insurance in a fraction of the time.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
