Best and Cheapest Home Insurance Quotes in Massachusetts (2021)

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Massachusetts Average Cost of Homeowners Insurance Rates (2021)

According to 2021 rates, the average cost of homeowners insurance in Massachusetts is $984 per year and $82 per month. Massachusetts homeowners insurance rates are $414 per year less then the national average and about 30% less annually. When compared to the other US states that makes the cost of homeowners insurance in Massachusetts the 37th most expensive in the country, based on 2021 data.

For shoppers, the best way to find a homeowners insurance policy in Massachusetts is to evaluate all of the quotes from individual insurance providers and then decide on the policy that fits your requirements and budget level. Fortunately finding the right homeowners insurance coverage is easy with a tool like Insurify.

Insurify provides easy and fast home insurance quote comparisons for all kinds of homeowners nationwide. Insurify has helped thousands of customers receive accurate homeowners quotes for your property in Massachusetts in minutes.

Average Cost Per Month$82
Average Annual Premium$984
State Rank (Most Expensive)37th

Cheapest Insurance Companies for Homeowners in Massachusetts (2021)

For homeowners in Massachusetts, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for your home.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Massachusetts. The following are the best insurance rates from carriers that offer homeowners insurance in Massachusetts.

Cheapest Companies

Commerce Group

$786/yr
allstate

Allstate

$825/yr
state-farm

State Farm

$839/yr
travelers

Travelers

$914/yr
usaa

USAA

$992/yr

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 some of the best 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 2021, 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.

Average Annual Homeowners Insurance Premium in Massachusetts by Company

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

  • Rate

Home Insurance Rates 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.

City
Edgartown$1,002,723
Cambridge$868,090
Manchester-By-The-Sea$819,842
Athol$184,905
Somerset$317,750
Longmeadow$360,601

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:

HO-1: Basic
HO-2: Broad Form
HO-3: Special Form
HO-4: Tenant’s Form
HO-5: Comprehensive
HO-6: Condo Form
HO-7: Mobile Home Form
HO-8: Older Home

For more detailed Massachusetts city level guides, check out these below.

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

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

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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 Fire Department in Massachusetts

If your home is within a certain distance from a fire department or fire hydrant your rates may decrease. The same applies for the opposite. If your home is far from fire safety, you may pay more for homeowners insurance.

Insurance Company
Allstate$825
Amica Mutual$1,125
Hanover$1,665
United P&C$1,088

Cheapest Home Insurance for Houses With Swimming Pools in Massachusetts

Swimming pools fall under a category called attractive nuisances. Sure, they offer a fun way to cool off during warm summer months, but they also pose a major injury risk. For that reason, having a swimming pool in your yard could increase rates.

Insurance Company
Andover Companies$1,022
Encompass$1,427
Quincy Mutual$809
USAA$992

Cheapest Home Insurance for Houses Near the Coastline in Massachusetts

Beachside living is wonderful. But the risk a nearby coastline may present to your home could end up increasing your home insurnace rates. The closer you are to the shore, the more at risk your property is to flooding. This will be reflected in your homeowners insurance rate.

Insurance Company
Arbella$1,170
Metropolitan$1,197
State Farm$838
Safety Group$811

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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.

Massachusetts Homeowners Insurance FAQ

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!

Insurify Rate Comparison Methodology

The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.