One of the 13 original colonies in the United States and home to the Boston Red Sox, the Bay State is home to nearly seven million people. Massachusetts is number one in the US for education funding, boasting some of the most outstanding schools in the world, which include the prestigious Massachusetts Institute of Technology (MIT) and Harvard University. With its rich history, residents and tourists flock to the Commonwealth of Massachusetts, seeking to learn about colonial and Native American history. They enjoy all the beautiful fall foliage while enjoying a bowl of clam chowder.
After the fall leaves drift away, the chill of winter settles in. Massachusetts, being in New England, has some harsh winters. Winter weather and other seasonal events are harsh on residents’ homes, from Great Barrington to Boston to Quincy. Do you live there already, or are you planning a big move? It will help if you can compare the best home insurance on the market.
Insurify can give you the right tools and free quotes to find homeowners insurance so you can have the right coverage for the “just in case.” Check out this easy way to find the best homeowners insurance now!
Compare Massachusetts Home Insurance Quotes in Two Minutes
How to Get Affordable Home Insurance in Massachusetts
Despite the turbulent economy, more people are looking for Massachusetts homes, making it a real seller’s market. It’s for an excellent reason—the state takes the top spot for best states to live in year after year, and crime rates are below the national average. Although there are higher living expenses, you can still find some affordable towns to reside in. Living in Massachusetts comes with a higher median household income than the national average, which is another plus to this great state.
With the high cost of living comes affording and paying for a home you want to enjoy for many years. The risk of property damage and theft of personal belongings comes with owning a home—having the right home insurance coverage matters.
You want to protect your precious belongings because you worked hard for what you have. Knowing your comprehensive coverage, coverage options, and personal liability is the first start when finding dwelling coverage.
Let’s go over home insurance policies from insurance companies like Liberty Mutual, Allstate, and Amica and what works best for you. Read along so you can soon have Massachusetts home insurance and peace of mind.
Homeowners insurance quotes in Massachusetts by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2020, the average home insurance premium in Massachusetts costs $1,177 annually, and the median home value is $433,883
With the cost of Massachusetts home insurance and property rates so high, it’s a wonder how you can keep up with the day-to-day. You still want to have money available for everything that happens in life. Luckily, you can find ways to save by comparing the average rates and the best home insurance policies available in Massachusetts.
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Homeowners Insurance Quotes in Massachusetts by City
Massachusetts residents‘ homeowners insurance rates will vary depending on the insurance products you need, insurance carriers, the type of home you live in, and the risk that it comes with.
Rates will also vary, just like home prices, because rates differ from town to town and ZIP code to ZIP code. Each and every property in Massachusetts has a different level of risk depending on all these variables, plus crime rates in your area, home value, and the kind of weather you get. So those bone-chilling cold winter evenings or wind storms will affect your rates, depending on if your area is vulnerable or not.
Rates in Massachusetts can be relatively high or low compared to the national average; it all depends on where you live, down to your town. Check out the most and least expensive ZIP codes in Massachusetts for home insurance.
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What does home insurance cover in Massachusetts?
There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:
Mobile Home Form
Natural Disasters in Massachusetts
Natural disasters happen everywhere, and Massachusetts is no exception. Crazy winter weather (like ice and snowstorms), tropical storms, coastal erosion, tornadoes, severe storms, and flooding can wreak havoc on certain parts of the state.
There are some natural disaster activities you should be aware of before getting a home insurance quote in Massachusetts.
Earthquakes are more common in Massachusetts than most people think. If you live in northeastern Massachusetts, you could feel a shake or two from frequent small earthquakes. In 1755, Cape Ann, Massachusetts, experienced the state’s most massive earthquake on record. Since Massachusetts homeowners insurance does not cover earthquake damage, it’s crucial to determine if you will need special earthquake insurance. You should speak with your local insurance agent about an applicable policy for earthquakes.
Tropical & Winter Storms
October 2012’s Hurricane Sandy resulted in sizable damages in Massachusetts. High winds with the mix of a coastal storm surge caused water and electrical outages. Sandy caused over 159 deaths and cost $67.5 billion. Rain, wind, and hail pelted homes, which made the damage nearly irreparable.
Massive winter storms are quite common in the northeast, including Massachusetts. Losses in 2015 winter storms exceeded over $1 billion and caused over 30 deaths in Massachusetts. Snow and ice can pile up on a property, creating damage to structures that require fixing or rebuilding.
There are standard home insurance policies that cover damage from winter weather and intense storms. However, icequakes cause the ground to expand and damage homes, and ice surges can push ice sheets onto shore and damage properties. And while most policies cover hurricane damage, flooding is not generally covered on a standard policy.
Flooding in Massachusetts
Tropical storms and winter storms raise the chance of flooding, which also affects your insurance premiums, depending on your area’s risk. Because flooding is not covered on a standard Massachusetts homeowners insurance policy, a separate policy will have to be purchased. You may live in an area at risk for flooding, so purchasing a separate policy through the National Flood Insurance Program (NFIP) is important. The NFIP provides insurance to help reduce the costs that could drain your wallet after a flood. Check with your local agent on questions about an applicable insurance policy.
Massachusetts Homeowners Insurance FAQs
Is there homeowners insurance coverage for flooding in Massachusetts?
Flood insurance is not covered on a standard Massachusetts home insurance policy. Check out the National Flood Insurance Program for more information, and learn if you may need a separate flooding policy.
Do home insurance companies combine home and auto insurance in Massachusetts?
Most of the best homeowners insurance companies combine home and auto insurance, also known as “bundling.” You could save a significant amount of money by combining two or more insurance policies under one, so it’s worth checking out.
Why are Massachusetts home insurance rates so high?
Insurance costs in Massachusetts depend on several different variables. From crime rates in your ZIP code to property type, home value, and more. If you’re thinking about moving, be sure to study to see which areas have the highest insurance costs. You may be surprised!
Special Home Insurance Situations in Massachusetts
Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in Massachusetts.
Cheapest Home Insurance for Houses Near a Fire Department in Massachusetts
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Cheapest Home Insurance for Houses with Swimming Pools in Massachusetts
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Cheapest Home Insurance for Houses Near the Coastline in Massachusetts
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Conclusion: How to find the cheapest home insurance in Massachusetts
There’s nothing like going to watch the Red Sox play at Fenway on a crisp fall day (or any day) and seeing all the history of the Bay State at every turn. But when worrying about risks and finding the right home insurance kicks in, life becomes less enjoyable. Luckily, you have Insurify. Our comparison tool finds you the best quotes from top insurance companies in a flash. That way, you can get back to enjoying the little things in life.
Use Insurify to compare home insurance premiums for your property in Massachusetts. Our comparison tools make homeowners insurance shopping (and saving) simple so you can be on your way to enjoying your newly insured home in no time.
Compare Home Insurance Quotes in Massachusetts Two Minutes
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