Massachusetts Homeowners Insurance (August 23)
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Are you looking for the best home insurance home insurance quotes in Massachusetts? Our analysis of all major insurers will help you find the best homeowners insurance in Massachusetts.
Key Takeaways
- Massachusetts homeowners insurance costs $1,351 annually.
- Insurers offer home insurance policies in the state starting at around $1,191 annually.
- Buy an extra flood insurance policy, as the state has a high risk of flooding.
Massachusetts homeowners insurance: What you need to know
The average cost of home insurance in Massachusetts comes to around $1,351 yearly, which is lower than the national average rate. Massachusetts is the most populated state in New England despite its small area. Home insurance rates are lower than the national average, so homeowners have yet another reason to love living in Massachusetts.
But, home insurance rates in Massachusetts increased by nearly 11% in the last two years due to increasing inflation, labor shortages, and severe natural disasters. So, there is a possibility that the insurance companies may quote you a premium higher than the state average rate. But don’t worry! Our review will help you find cheap home insurance in Massachusetts!
What does a homeowners insurance policy cover?
Normally, a homeowners insurance policy covers these - Dwelling, Liability, Personal Property, Other Structures, Medical Payments to Others, and Additional Living Expenses. But additionally, you can purchase these coverages in the state.
- Flood insurance: Ideally, a home insurance policy does not cover flood damage. So, you must buy extra flood insurance from FEMA or a private insurer. Even if you don't reside in a high-risk flood zone, getting a Massachusetts flood insurance quote can help you decide if the coverage is right.
- Sewer backup coverage: It can occur when your water or drain lines cannot properly channel water away from your home. Sewer backup is common in basements or crawl spaces when sump pumps cannot keep up with heavy rains but it can occur from any water line. Buying extra coverage will offer protection for this type of damage.
- Identity theft coverage: Identity theft is increasing as residents rely more on digital technologies. Many Massachusetts homeowners insurance companies provide this coverage, which can cover legal fees and services such as credit monitoring after identity theft.
What isn’t covered by a typical homeowners insurance policy?
Home insurance in Massachusetts doesn’t cover flooding, earthquakes, flooding, power outages, war, wear and tear, nuclear threats, insect and vermin infestations, sinkholes, or intentional loss. You must thoroughly research your policy before purchasing one to ensure the coverages you receive.
The cheapest home insurance companies in Massachusetts
MAPFRE has the lowest insurance rate in Massachusetts, with an average yearly cost of $1,191. The Andover, Safety Insurance, and Arbella Insurance have lower rates than the state average, giving Massachusetts residents several affordable options.
You can get a policy for even lower rates if you compare the policies and buy. Also, using the various discounts available will be another option to decrease insurance costs.
| Insurer | Average annual rate |
|---|---|
| MAPFRE | $1191 |
| The Andover | $1250 |
| Safety Insurance | $1,257 |
| Arbella Insurance | $1260 |
| Chubb | $1,483 |
The best homeowners insurance in Massachusetts for those with a claims history
You'll pay more for homeowners insurance in Massachusetts if you’ve filed a claim in the last few years. With an average annual rate of $724, Preferred Mutual offers the best homeowner insurance in MA for those with a history of claims. On average, the companies listed below are the cheapest.
| Insurer | Average annual rate |
|---|---|
| Preferred Mutual | $724 |
| Quincy Mutual | $834 |
| Vermont Mutual | $998 |
| Arbella | $1,051 |
| MAPFRE | $1,073 |
The best homeowners insurance in Massachusetts for newer homes
New homes are cheaper to insure than older homes. With an average annual rate of $603, Preferred Mutual offers the best homeowner insurance in MA for those with a new home.
| Insurer | Average annual rate |
|---|---|
| Preferred Mutual | $603 |
| Vermont Mutual | $620 |
| Quincy Mutual | $643 |
| Plymouth Rock | $684 |
| USAA | $748 |
Homeowners insurance deductibles in Massachusetts
When buying a homeowners policy, homeowners must make several decisions, including how much their deductible should be. A deductible is a cost you must pay from your pocket in case of a covered loss. The location of your deductible influences how much you pay for your home insurance. So the lower your deductible, the higher your premium will be. It means that if you want lower the home insurance rates in Massachusetts, raise your deductible.
Below are common deductible options available on most home insurance policies and the equivalent average insurance premiums.
| Deductible Level | Average annual rate |
|---|---|
| $500 | $1187 |
| $1000 | $1061 |
| $1500 | $1026 |
| $2000 | $949 |
| $5000 | $819 |
Massachusetts home insurance prices by coverage levels
The level of homeowners coverage you select impacts the insurance premiums you pay. For instance, carrying $100,000 in dwelling coverage costs an average of $626 yearly, while carrying coverage up to $400,000 costs as much as $1,480 annually.
| Dwelling coverage cost | Average annual rate |
|---|---|
| $100,000 | $626 |
| $200,000 | $924 |
| $250,000 | $1061 |
| $400,000 | $1480 |
Massachusetts homeowners insurance costs by city
The cost of home insurance in Massachusetts varies depending on where you live. In Massachusetts, factors such as ZIP code, crime rate, and cost of building materials can significantly increase or decrease insurance premiums. These are the average cost of home insurance in various cities.
| City | Average annual rate |
|---|---|
| Abington | $1,912 |
| Accord | $2,149 |
| Acton | $1,345 |
| Acushnet | $2,653 |
| Acushnet Center | $2,613 |
| Adams | $1,136 |
| Agawam | $1,240 |
| Allston | $2,126 |
| Amesbury Town | $1,587 |
| Amherst | $1,177 |
| Amherst Center | $1,166 |
| Andover | $1,571 |
| Arlington | $1,331 |
| Arlington Heights | $1,333 |
| Ashburnham | $1,424 |
| Ashby | 1416 |
| Ashfield | $1,191 |
| Ashland | $1,396 |
| Ashley Falls | $1,204 |
| Assonet | $2,451 |
| Athol | $1,381 |
| Attleboro | $2,104 |
| Attleboro Falls | $2,120 |
| Auburn | $1,428 |
| Auburndale | $1,408 |
| Avon | $1,626 |
| Ayer | $1,310 |
| Babson Park | $1,577 |
| Baldwinville | $1,378 |
| Barnstable | $3,511 |
| Barre | $1,387 |
| Becket | $1,280 |
| Bedford | $1,343 |
| Belchertown | $1,232 |
| Bellingham | $1,589 |
| Belmont | $1,389 |
| Berkley | $2,047 |
| Berkshire | $1,190 |
| Berlin | $1,398 |
| Bernardston | $1,160 |
| Beverly | $1,790 |
| Billerica | $1,360 |
| Blackstone | $1,432 |
| Blandford | $1,276 |
| Bliss Corner | $2,855 |
| Bolton | $1,435 |
| Bondsville | $1,255 |
| Boston | 1980 |
| Bourne | $3,280 |
| Boxborough | $1,364 |
| Boxford | $1,605 |
| Boylston | $1,343 |
| Braintree Town | $1,536 |
| Brant Rock | $2,137 |
| Brewster | $3,460 |
| Bridgewater | $1,924 |
| Brighton | $2,121 |
| Brimfield | $1,312 |
| Brockton | $2,011 |
| Brookfield | $1,410 |
| Brookline | $1,815 |
| Brookline Village | $1,784 |
| Bryantville | $2,019 |
| Buckland | $1,220 |
| Burlington | $1,363 |
| Buzzards Bay | $3,087 |
| Byfield | $1,643 |
| Cambridge | $1,475 |
| Canton | $1,563 |
| Carlisle | $1,368 |
| Carver | $2,115 |
| Cataumet | $4,010 |
| Centerville | $3,645 |
| Charlemont | $1,239 |
| Charlestown | $2,143 |
| Charlton | $1,447 |
| Charlton City | $1,447 |
| Charlton Depot | $1,438 |
| Chartley | $2,181 |
| Chatham | $4,301 |
| Chelmsford | $1,306 |
| Chelsea | $2,255 |
| Cherry Valley | $1,412 |
| Cheshire | $1,208 |
| Chester | $1,253 |
| Chesterfield | $1,252 |
| Chestnut Hill | $1,710 |
| Chicopee | $1,357 |
| Chilmark | $5,077 |
| Clinton | $1,363 |
| Cochituate | $1,367 |
| Cohasset | $2,112 |
| Colrain | $1,214 |
| Concord | $1,346 |
| Conway | $1,223 |
| Cordaville | $1,362 |
| Cotuit | $3,825 |
| Cummaquid | $3,777 |
| Cummington | $1,224 |
| Cuttyhunk | $4,688 |
| Dalton | $1,203 |
| Danvers | $1,618 |
| Dedham | $1,587 |
| Deerfield | $1,154 |
| Dennis | $3,346 |
| Dennis Port | $3,751 |
| Devens | $1,297 |
| Dighton | $2,022 |
| Dorchester | $2,154 |
| Dorchester Center | $2,055 |
| Douglas | $1,393 |
| Dover | $1,521 |
| Dracut | $1,365 |
| Drury | $1,188 |
| Dudley | $1,443 |
| Dunstable | $1,327 |
| Duxbury | $2,348 |
| East Boston | $2,198 |
| East Bridgewater | $1,926 |
| East Brookfield | $1,424 |
| East Dennis | $3,478 |
| East Douglas | $1,380 |
| East Falmouth | $3,683 |
| East Freetown | $2,468 |
| East Harwich | $3,670 |
| East Longmeadow | $1,257 |
| East Orleans | $3,591 |
| East Otis | $1,252 |
| East Pepperell | $1,342 |
| East Princeton | $1,393 |
| East Sandwich | $3,301 |
| East Taunton | $2,233 |
| East Templeton | $1,380 |
| East Walpole | $1,590 |
| East Wareham | $2,500 |
| East Weymouth | $1,583 |
| Eastham | $3,700 |
| Easthampton | $1,248 |
| Easthampton Town | $1,208 |
| Edgartown | $4,441 |
| Elmwood | $2,068 |
| Erving | $1,147 |
| Essex | $1,813 |
| Everett | $1,432 |
| Fairhaven | $2,816 |
| Fall River | $2,233 |
| Falmouth | $3,894 |
| Fayville | $1,361 |
| Feeding Hills | $1,235 |
| Fiskdale | $1,451 |
| Fitchburg | $1,313 |
| Florence | $1,186 |
| Forestdale | $3,254 |
| Foxboro | $1,614 |
| Foxborough | $1,607 |
| Framingham | $1,380 |
| Franklin | $1,581 |
| Franklin Town | $1,583 |
| Gardner | $1,390 |
| Georgetown | $1,612 |
| Gilbertville | $1,401 |
| Gill | $1,158 |
| Glendale | $1,131 |
| Gloucester | $1,999 |
| Goshen | $1,250 |
| Grafton | $1,407 |
| Granby | $1,228 |
| Granville | $1,290 |
| Great Barrington | $1,118 |
| Green Harbor | $2,139 |
| Green Harbor-Cedar Crest | $2,341 |
| Greenbush | $2,124 |
| Greenfield Town | $1,148 |
| Groton | $1,323 |
| Groveland | $1,607 |
| Hadley | $1,183 |
| Halifax | $1,996 |
| Hampden | $1,270 |
| Hanover | $1,953 |
| Hanscom Air Force Base | $1,345 |
| Hanson | $1,926 |
| Harvard | $1,370 |
| Harwich Center | $3,941 |
| Harwich Port | $4,149 |
| Hatfield | $1,190 |
| Hathorne | $1,654 |
| Haverhill | $1,583 |
| Haydenville | $1,231 |
| Heath | $1,238 |
| Hingham | $2,045 |
| Hinsdale | $1,207 |
| Holbrook | $1,649 |
| Holden | $1,370 |
| Holland | $1,308 |
| Holliston | $1,402 |
| Holyoke | $1,333 |
| Hopedale | $1,387 |
| Hopkinton | $1,432 |
| Housatonic | $1,130 |
| Hubbardston | $1,410 |
| Hudson | $1,369 |
| Hull | $2,259 |
| Humarock | $2,239 |
| Huntington | $1,231 |
| Hyannis | $3,718 |
| Hyannis Port | $3,752 |
| Hyde Park | $2,051 |
| Indian Orchard | $1,467 |
| Ipswich | $1,756 |
| Jamaica Plain | $2,081 |
| Jefferson | $1,360 |
| Kingston | $2,303 |
| Lake Pleasant | $1,155 |
| Lakeville | $2,095 |
| Lancaster | $1,371 |
| Lanesboro | $1,169 |
| Lawrence | $1,747 |
| Lee | $1,123 |
| Leeds | $1,166 |
| Leicester | $1,409 |
| Lenox | $1,112 |
| Lenox Dale | $1,112 |
| Leominster | $1,365 |
| Leverett | $1,236 |
| Lexington | $1,355 |
| Lincoln | $1,362 |
| Linwood | $1,360 |
| Littleton | $1,309 |
| Littleton Common | $1,309 |
| Longmeadow | $1,223 |
| Lowell | $1,472 |
| Ludlow | $1,255 |
| Lunenburg | $1,366 |
| Lynn | $2,077 |
| Lynnfield | $1,631 |
| Malden | $1,358 |
| Manchaug | $1,358 |
| Manchester | $1,863 |
| Manchester-by-the-Sea | $1,824 |
| Manomet | $2,038 |
| Mansfield | $1,878 |
| Mansfield Center | $2,049 |
| Marblehead | $1,879 |
| Marion | $2,685 |
| Marion Center | $2,577 |
| Marlborough | $1,378 |
| Marshfield | $2,379 |
| Marshfield Hills | $2,344 |
| Marstons Mills | $3,777 |
| Mashpee | $3,902 |
| Mashpee Neck | $3,891 |
| Mattapan | $2,072 |
| Mattapoisett | $2,830 |
| Mattapoisett Center | $2,711 |
| Maynard | $1,352 |
| Medfield | $1,556 |
| Medford | $1,397 |
| Medway | $1,589 |
| Melrose | $1,340 |
| Mendon | $1,403 |
| Menemsha | $4,503 |
| Merrimac | $1,599 |
| Methuen Town | $1,588 |
| Middleboro | $2,054 |
| Middleborough Center | $1,981 |
| Middlefield | $1,238 |
| Middleton | $1,621 |
| Milford | $1,347 |
| Mill River | $1,250 |
| Millbury | $1,419 |
| Millers Falls | $1,148 |
| Millis | $1,582 |
| Millis-Clicquot | $1,583 |
| Millville | $1,409 |
| Milton | $1,497 |
| Milton Village | $1,542 |
| Minot | $2,262 |
| Monponsett | $2,058 |
| Monroe Bridge | $1,218 |
| Monson | $1,260 |
| Monson Center | $1,260 |
| Montague | $1,145 |
| Monterey | $1,233 |
| Monument Beach | $3,350 |
| Nahant | $1,939 |
| Nantucket | $4,825 |
| Natick | $1,390 |
| Needham | $1,517 |
| Needham Heights | $1,533 |
| New Bedford | $2,737 |
| New Braintree | $1,438 |
| New Salem | $1,250 |
| New Seabury | $3,902 |
| New Town | $1,347 |
| Newbury | $1,769 |
| Newburyport | $1,730 |
| Newton | $1,381 |
| Newton Center | $1,406 |
| Newton Highlands | $1,392 |
| Newton Lower Falls | $1,392 |
| Newton Upper Falls | $1,383 |
| Newtonville | $1,381 |
| Nonantum | $1,382 |
| Norfolk | $1,563 |
| North Adams | $1,157 |
| North Amherst | $1,166 |
| North Andover | $1,605 |
| North Attleboro | $2,063 |
| North Billerica | $1,356 |
| North Brookfield | $1,404 |
| North Carver | $2,001 |
| North Chatham | $4,199 |
| North Chelmsford | $1,341 |
| North Dartmouth | $2,657 |
| North Dighton | $2,155 |
| North Eastham | $3,676 |
| North Easton | $2,126 |
| North Egremont | $1,222 |
| North Falmouth | $3,595 |
| North Grafton | $1,391 |
| North Hatfield | $1,192 |
| North Lakeville | $2,009 |
| North Marshfield | $2,276 |
| North Oxford | $1,416 |
| North Pembroke | $1,952 |
| North Plymouth | $2,272 |
| North Reading | $1,349 |
| North Scituate | $2,277 |
| North Seekonk | $2,206 |
| North Truro | $3,904 |
| North Uxbridge | $1,373 |
| North Waltham | $1,364 |
| North Westport | $2,738 |
| North Weymouth | $1,638 |
| Northampton | $1,170 |
| Northborough | $1,382 |
| Northbridge | $1,373 |
| Northfield | $1,221 |
| Northwest Harwich | $3,663 |
| Norton | $1,879 |
| Norton Center | $2,051 |
| Norwell | $1,977 |
| Norwood | $1,589 |
| Nutting Lake | $1,385 |
| Oak Bluffs | $4,419 |
| Oakham | $1,461 |
| Ocean Bluff | $2,227 |
| Ocean Bluff-Brant Rock | $2,341 |
| Ocean Grove | $2,522 |
| Onset | $2,498 |
| Orange | $1,193 |
| Orleans | $3,547 |
| Osterville | $3,476 |
| Otis | $1,252 |
| Oxford | $1,463 |
| Palmer | $1,268 |
| Paxton | $1,386 |
| Peabody | $1,613 |
| Pembroke | $1,952 |
| Pepperell | $1,338 |
| Petersham | $1,451 |
| Pinehurst | $1,368 |
| Pittsfield | $1,155 |
| Plainfield | $1,268 |
| Plainville | $1,634 |
| Plymouth | $2,240 |
| Plympton | $2,094 |
| Pocasset | $3,422 |
| Prides Crossing | $1,649 |
| Princeton | $1,378 |
| Provincetown | $4,085 |
| Quincy | $1,671 |
| Randolph | $1,604 |
| Raynham | $1,978 |
| Raynham Center | $2,147 |
| Reading | $1,341 |
| Readville | $2,114 |
| Rehoboth | $2,046 |
| Revere | $2,279 |
| Richmond | $1,139 |
| Rochdale | $1,433 |
| Rochester | $2,272 |
| Rockland | $1,908 |
| Rockport | $1,901 |
| Roslindale | $2,046 |
| Rowe | $1,209 |
| Rowley | $1,731 |
| Roxbury | $2,126 |
| Roxbury Crossing | $2,099 |
| Royalston | $1,435 |
| Russell | $1,250 |
| Rutland | $1,406 |
| Sagamore | $3,227 |
| Sagamore Beach | $3,335 |
| Salem | $1,760 |
| Salisbury | $1,768 |
| Sandisfield | $1,234 |
| Sandwich | $3,297 |
| Saugus | $1,740 |
| Savoy | $1,223 |
| Scituate | $2,315 |
| Seekonk | $2,078 |
| Sharon | $1,581 |
| Sheffield | $1,199 |
| Shelburne Falls | $1,193 |
| Sheldonville | $1,610 |
| Sherborn | $1,401 |
| Shirley | $1,358 |
| Shrewsbury | $1,383 |
| Shutesbury | $1,233 |
| Siasconset | $4,825 |
| Silver Beach | $3,300 |
| Smith Mills | $2,711 |
| Somerset | $2,441 |
| Somerville | $1,463 |
| South Amherst | $1,164 |
| South Ashburnham | $1,380 |
| South Barre | $1,387 |
| South Boston | $2,201 |
| South Carver | $2,246 |
| South Chatham | $4,263 |
| South Dartmouth | $2,926 |
| South Deerfield | $1,159 |
| South Dennis | $3,446 |
| South Duxbury | $2,309 |
| South Easton | $2,136 |
| South Egremont | $1,174 |
| South Grafton | $1,406 |
| South Hadley | $1,211 |
| South Hamilton | $1,642 |
| South Harwich | $3,668 |
| South Lancaster | $1,329 |
| South Lee | $1,224 |
| South Orleans | $3,649 |
| South Walpole | $1,597 |
| South Wellfleet | $3,817 |
| South Weymouth | $1,576 |
| South Yarmouth | $3,784 |
| Southampton | $1,213 |
| Southborough | $1,372 |
| Southbridge | $1,375 |
| Southbridge Town | $1,365 |
| Southfield | $1,256 |
| Southwick | $1,264 |
| Spencer | $1,392 |
| Springfield | $1,639 |
| Sterling | $1,383 |
| Still River | $1,395 |
| Stockbridge | $1,137 |
| Stoneham | $1,365 |
| Stoughton | $1,626 |
| Stow | $1,324 |
| Sturbridge | $1,462 |
| Sudbury | $1,380 |
| Sunderland | $1,164 |
| Sutton | $1,382 |
| Swampscott | $1,837 |
| Swansea | $2,418 |
| Taunton | $2,008 |
| Teaticket | $3,683 |
| Templeton | $1,383 |
| Tewksbury | $1,385 |
| Thorndike | $1,258 |
| Three Rivers | $1,271 |
| Topsfield | $1,634 |
| Townsend | $1,327 |
| Truro | $4,074 |
| Turners Falls | $1,144 |
| Tyngsboro | $1,326 |
| Upton | $1,377 |
| Uxbridge | $1,364 |
| Village of Nagog Woods | $1,345 |
| Vineyard Haven | $4,399 |
| Waban | $1,404 |
| Wakefield | $1,351 |
| Wales | $1,321 |
| Walpole | $1,588 |
| Waltham | $1,377 |
| Ware | $1,248 |
| Wareham | $2,647 |
| Wareham Center | $2,543 |
| Warren | $1,402 |
| Warwick | $1,234 |
| Watertown Town | $1,366 |
| Waverley | $1,389 |
| Wayland | $1,376 |
| Webster | $1,447 |
| Wellesley | $1,509 |
| Wellesley Hills | $1,528 |
| Wellfleet | $4,097 |
| Wendell | $1,231 |
| Wendell Depot | $1,231 |
| Wenham | $1,633 |
| West Barnstable | $3,336 |
| West Boxford | $1,669 |
| West Boylston | $1,357 |
| West Bridgewater | $1,917 |
| West Brookfield | $1,413 |
| West Chatham | $4,302 |
| West Chesterfield | $1,251 |
| West Chop | $4,558 |
| West Concord | $1,345 |
| West Dennis | $3,756 |
| West Falmouth | $3,885 |
| West Groton | $1,345 |
| West Harwich | $4,226 |
| West Hatfield | $1,194 |
| West Hyannisport | $4,189 |
| West Medford | $1,371 |
| West Millbury | $1,414 |
| West Newbury | $1,654 |
| West Newton | $1,388 |
| West Roxbury | $2,041 |
| West Springfield Town | $1,222 |
| West Stockbridge | $1,180 |
| West Tisbury | $4,488 |
| West Townsend | $1,359 |
| West Wareham | $2,593 |
| West Warren | $1,419 |
| West Yarmouth | $3,797 |
| Westborough | $1,384 |
| Westfield | $1,205 |
| Westford | $1,290 |
| Westminster | $1,345 |
| Weston | $1,392 |
| Westport | $2,798 |
| Westport Point | $2,664 |
| Westwood | $1,546 |
| Weweantic | $2,553 |
| Weymouth | $1,610 |
| Whately | $1,157 |
| Wheelwright | $1,391 |
| White Horse Beach | $2,006 |
| White Island Shores | $2,547 |
| Whitinsville | $1,373 |
| Whitman | $1,882 |
| Wilbraham | $1,262 |
| Williamsburg | $1,233 |
| Williamstown | $1,096 |
| Wilmington | $1,377 |
| Winchendon | $1,366 |
| Winchendon Springs | $1,366 |
| Winchester | $1,362 |
| Windsor | $1,213 |
| Winthrop Town | $2,334 |
| Woburn | $1,352 |
| Woods Hole | $3,882 |
| Woodville | $1,381 |
| Worcester | $1,671 |
| Woronoco | $1,250 |
| Worthington | $1,249 |
| Wrentham | $1,621 |
| Yarmouth Port | $3,396 |
Home and auto insurance bundling in Massachusetts
What is one way by which we can buy cheap home insurance in Massachusetts? It is by bundling your auto insurance and home insurance policies.
| Average annual rate (without bundling) | Average annual rate (with bundling) | Yearly savings (in $) | Yearly savings (in percent) |
|---|---|---|---|
| $1,351 | $1167 | $184 | 13.62% |
Home insurance discounts in Massachusetts
Using the discounts provided by your insurer is another way by which you can get cheap home insurance in Massachusetts. But always ensure to check which discounts you qualify for.
| Insurer | Bundling Discounts | Loyalty Discounts | Military Discounts | New Home Credit Discounts | Claim-Free Discounts | Protective Devices Discounts |
|---|---|---|---|---|---|---|
| Farmers | ✓ | ✓ | - | ✓ | ✓ | ✓ |
| All state | ✓ | ✓ | - | ✓ | ✓ | - |
| State Farm | ✓ | - | - | - | ✓ | ✓ |
| USAA | ✓ | ✓ | ✓ | - | ✓ | ✓ |
| Liberty Mutual | ✓ | - | - | - | - | - |
| Amica | ✓ | - | - | ✓ | ✓ | ✓ |
| Chubb | ✓ | - | - | ✓ | ✓ | ✓ |
| Lemonade | ✓ | ✓ | - | - | -> | ✓ |
Comparing common features across top companies
Are you trying to buy the best home insurance in Massachusetts? Then check whether your insurer offers these features.
| Insurer | Identity Theft Protection | Valuable Possessions | Water Backup | Other Structures Coverage | Dwelling /Personal Property Replacement |
|---|---|---|---|---|---|
| Farmers | Optional | ✓ | No | Optional | Optional |
| Allstate | Optional | Optional | Optional | ✓ | Optional |
| State Farm | Optional | Optional | Optional | ✓ | Optional |
| USAA | ✓ | Optional | No | ✓ | ✓ |
| Liberty Mutual | Optional | Optional | Optional | ✓ | Optional |
| Amica | Optional | Optional | Optional | ✓ | Optional |
| Chubb | Optional | Optional | ✓ | ✓ | ✓ |
| Lemonade | ✓ | Optional | Optional | ✓ | ✓ |
Common causes of home insurance claims in Massachusetts
These are a few reasons that lead to home insurance claims in the state.
- Flooding: It can be disastrous, particularly in coastal towns. According to a report in 2021, around 45,000 Massachusetts homes are at high risk of flooding.
- Ice and freezing: During the winter, the state usually experiences freezing rain and ice, which can damage the exterior of homes and cause frozen and burst pipes.
- High winds: It may cause damage to homes in coastal towns, and even inland locations may be vulnerable to wind damage caused by strong storms.
- Snow: Heavy snow and blizzards are common in Massachusetts, particularly in the western region.
Does homeowners insurance cover flooding in Massachusetts?
Home insurance does not cover flooding damage caused by a hurricane or a downpour. According to FEMA, there were around $183,108 flood insurance claims in 2016. So, buying flood insurance in the state is crucial. You can purchase insurance through FEMA’s National Flood Insurance Program (NFIP) or a private insurer to protect your home. Private insurance company coverage details vary, but the following is the coverage offered by NFIP.
- Your home’s structure - $250,000
- Personal property - $100,000
Does homeowners insurance cover hurricanes in Massachusetts?
Because hurricanes can destroy structures completely, insurers are still hesitant to assume the full risk of hurricanes. If you own a home in Massachusetts, you may be more vulnerable to hurricane damage. Around 11,048 single-family homes in Massachusetts are extremely vulnerable to hurricane damage. Reviewing and understanding your homeowners insurance in Massachusetts is vital if you live near the coast. It is because if you live in a hurricane-prone area, your insurer may require a separate deductible for hurricanes based on your state.
| Insurer | Average annual rate with a hurricane deductible |
|---|---|
| AIG | $663 |
| United | $673 |
| Norfolk & Dedham | $759 |
| MAPFRE | $792 |
| Safety | $824 |
Factors that affect home insurance rates in Massachusetts
Do you want to buy the cheapest home insurance in Massachusetts? Then check for these factors before buying one.
- Your location: The cost of homeowners insurance in Massachusetts is influenced by factors such as your ZIP code and the area’s theft rate.
- Replacement cost: The cost of home insurance in Massachusetts varies depending on local labor and the rate of building materials.
- Age/condition: Newer properties are cheaper to insure than older ones.
- Claims history: If you file claims often, insurers consider you a risk. Expect your insurance premiums to rise as a result.
- Credit history: Before providing you with home insurance, most insurers will check your credit score. If you have a low score, you should expect to pay more for Massachusetts homeowners insurance.
- Dog breed: Many insurers classify certain dog breeds as ‘dangerous.’ If your insurer regards your dog as ‘dangerous,’ the cost of Massachusetts homeowners insurance premiums will increase.
Tips for buying homeowners insurance
Are you looking for affordable homeowners insurance in Massachusetts? Then follow these tips!
- Assess your rebuilding costs: Talk with your insurance agent or a reputable builder to see how much it would cost to renovate your home with inexpensive building materials and local labor.
- Review the advantage of replacement cost over actual cash value: You may need to buy replacement cost insurance for your home and other belongings.
- Consider add-on coverage for your expensive items: Opt for personal property coverage if you own costly items like high-end electronics, athletic gear, musical instruments, or old antiquities.
- Evaluate your liability coverage needs: Calculate the minimum liability insurance limit you require.
- Assess coverage gaps: Many insurers offer higher coverage limits for landscaping elements like bushes and trees.
- Check financial ratings: Most insurers will have ratings from organizations like AM Best and Standard & Poor’s. Some firms won’t let you apply for a mortgage if your insurer doesn’t have a minimum ‘A’ financial strength rating.
- Check for discounts: Ensure to use all discounts you qualify for.
- Compare quotes from various insurance companies: Your Massachusetts home insurance premiums may vary depending on your chosen insurer. To find the best homeowners insurance policy in Massachusetts, you must compare quotes from all insurers possible.
Most common disasters in Massachusetts
Disasters by month
According to FEMA, March has been the busiest month in Massachusetts for declared disasters, followed by April, September, and October.
| Month | Number of disasters |
|---|---|
| January | 4 |
| February | 3 |
| March | 10 |
| April | 6 |
| May | 3 |
| June | 4 |
| July | 1 |
| August | 3 |
| September | 6 |
| October | 6 |
| November | 3 |
| December | 5 |
Disasters by year
According to FEMA, the residents deal with at least two declared disasters every year. 2011 was the busiest year, with five declared disasters.
| Year | Number of disasters |
|---|---|
| 2001 | 2 |
| 2002 | 0 |
| 2003 | 1 |
| 2004 | 2 |
| 2005 | 4 |
| 2006 | 1 |
| 2007 | 1 |
| 2008 | 1 |
| 2009 | 1 |
| 2010 | 3 |
| 2011 | 5 |
| 2012 | 3 |
| 2013 | 2 |
| 2014 | 0 |
| 2015 | 1 |
| 2016 | 0 |
| 2017 | 0 |
| 2018 | 2 |
| 2019 | 0 |
| 2020 | 4 |
How to get Massachusetts home insurance with Way.com
The average cost of home insurance in Massachusetts costs you around $1,351 annually. But, as a resident, you will be looking for an even cheaper homeowners insurance policy. But how can you get such a one? That’s where Way.com can be your best friend!
You have to use our website or app to gather quotes from all insurers in Massachusetts. Then you must compare the quotes and buy a policy with the most affordable quote. Do you need extra help? Then our agents in the state can guide you. They will help you understand the state’s home insurance laws, the most complex insurance terms, coverages, and discounts.
FAQs
What is the average cost of house insurance in Massachusetts?
On average, homeowners insurance in Massachusetts costs around $1,351 yearly.
Is it mandatory to have homeowners insurance in Massachusetts?
The law doesn’t mandate buying one. But if you need a mortgage to buy a home, your lender or bank may require you to have a home insurance policy.
How much is home insurance in Massachusetts?
Massachusetts home insurance costs around $1,351 annually.
What is the cheapest home insurance in Massachusetts?
Our analysis found that MAPFRE has the most affordable home insurance, with a yearly average rate of $1,191. But the cheapest home insurance in Massachusetts varies based on your condition. The insurer calculates your premium by your home’s reconstructing value, ZIP Code, claims history, and other factors. If you’re looking for cheap homeowners insurance, you should get quotes from several carriers to compare the rates. Inquire about any discounts you may be eligible for to help lower your premium.
Is insurance expensive in Massachusetts?
Our analysis found that the annual average rate in the state is lower than the national average rate.
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