How much is Flood Insurance in Idaho?
The average cost per policy in Idaho through the NFIP is $1,125.82. Depending on where you live, this average could vary substantially! If you're interested in a quote for a private flood insurance policy to compare costs to the NFIP, we offer both! Quote online to compare costs and coverages side-by-side with our quick online quote tool.
Average Costs through the NFIP
City | Average Cost per Policy |
|---|---|
Boise | $1,006.96 |
Meridian | $818.69 |
Nampa | $1,010.95 |
Idaho Falls | $985.59 |
Caldwell | $972.64 |
Pocatello | $796.22 |
Coeur d'Alene | $1,035.56 |
Twin Falls | $674.69 |
Post Falls | $1,046.83 |
Lewiston | $861.91 |
*Prices as of 11/30/24.
Our Private Flood Insurance Prices are Often Lower!
Our private flood insurance averages are often much lower than those shown above! Get a quote online and find out how much we can save you.
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Not interested in private flood, or not sure whether you should choose an NFIP policy or a private flood insurance policy? We offer both! Our quick online quote tool will compare your prices.
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NFIP vs. Private Flood Insurance
How to get cheap flood insurance in Idaho?
To find affordable flood insurance that fits your needs, we suggest you compare both NFIP and top-rated private flood insurance options. We offer both! Use our online quote tool to quickly compare. This is an entirely online process, no need to wait for a callback or an email!
It doesn't just compare prices, it shows you the differences in coverage so that you truly understand what you're getting. Without flood insurance, even a few inches of water can lead to financial ruin, protecting your home starts with getting a quote. We shop multiple top-rated private carriers to shop for a low price, as well as showing you the cost of a policy through the NFIP. This is how we are able to save our customers hundreds, sometimes thousands, of dollars.
How to Get Flood Insurance Without a Flood Elevation Certificate.
Quality flood insurance is available without the added expense and trouble of getting an elevation certificate. FloodPrice can compare the rates for both private flood insurance and the NFIP to make sure you are getting the right coverage for the best price. Check out our quote page now to find out what coverage we can offer.
Does my homeowners insurance in cover flooding?
Homeowner's insurance generally excludes flood coverage. Obtaining a flood insurance policy is typically left up to the homeowner. If you're looking to get a policy, we offer a 100% online process. You can get a quote started here!
Flood Insurance Pricing Changes in Idaho
The NFIP recently adjusted its pricing system called Risk Rating 2.0. Their view of risk assessment now aligns more closely with practices that private carriers implemented years earlier.
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As a result, most policyholders in Idaho have seen changes to their premiums. According to FEMA, approximately 66% of policyholders nationwide were projected to see price increases with the updated pricing methodology.
Why did NFIP Implement Risk Rating 2.0?
FEMA moved away from antiquated pricing based on flood zones and elevation certificates, and toward assessing each individual property. These adjustments are intended to more accurately reflect each property's unique flood risk. The following are considered by the NFIP when calculating your premium:
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Distance to water (river, coast, etc.)
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Cost to rebuild
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Flood frequency and types (coastal, riverine, and heavy rain)
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Ground elevation and foundation type
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Historical claims and mitigation efforts
Compare NFIP with Private Flood Insurance Premiums Online
At FloodPrice, you can compare NFIP and Private Flood Insurance quotes side-by-side with our quick online quote tool. This makes it easier to find a policy that fits your budget and your needs. While private policies often offer more flexibility and may be less expensive for some, the NFIP still offers robust coverage, especially in high-risk or FEMA-regulated zones.
What is not covered by the NFIP?
Debris removal, additional living expenses, and belongings located in your basement, aren't covered. You would be required to purchase a secondary policy to cover appurtenant structures, such as a detached garage or shed. Visit their website to see everything that is, or isn't, covered by the NFIP.
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If you'd like to be free from these limitations and have more options for coverage, consider private flood insurance. Still have questions? Give us a call, we're happy to help.
