How Much Is Home Insurance In Massachusetts? 2025
Home insurance in Massachusetts averages $1,226 per year, which is 26% below the national average. Compare quotes from top providers to find your best rate.
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Climate change is driving up the cost of home insurance. In Massachusetts, about 5% of homes are uninsured. However, on average, home insurance in Massachusetts costs a bit less than the national average.
Understanding home insurance rates can bring peace of mind. With over 20 years of experience in the industry, I can help you find an affordable provider. Here’s everything you need to know about home insurance prices in Massachusetts.
Key Takeaways
On average, homeowners insurance in Massachusetts is about 26% cheaper than in most other states.
The closer your home is to the coast, the higher your insurance costs will be to cover the added risk.
Installing protective devices such as fire and smoke detectors, sprinkler systems, and security alarms can help lower your home insurance premiums in Massachusetts. The same is also true for smart devices.
To find out how much you’ll pay for home insurance in Massachusetts, it’s best to get quotes from different insurance companies.
How Much Is Homeowners Insurance In Massachusetts?
The average homeowners insurance cost in Massachusetts is $1,226 a year or $102 a month, which is 26% lower than the national average. However, rates can change based on factors such as where you live, the size of your home, and the weather. Massachusetts, with its busy cities like Boston and beautiful coastal areas, has specific challenges that homeowners need to think about when looking for insurance.
Average Home Insurance Cost In Massachusetts – By Insurance Carrier
Home insurance prices can vary significantly between different insurance carriers. Each provider considers various factors when setting their rates which leads to price disparities.
For example, even though both offer the same coverage for your home, Farmers insurance is a lot cheaper than Travelers. Here are some examples of average home insurance prices from different providers.
| Insurance Carrier | Average Annual Premium |
| Vermont Mutual | $1,236 |
| Farmers | $994 |
| USAA | $1,995 |
| State Farm | $1,356 |
| Allstate | $2,074 |
| Amica | $2,336 |
| Chubb | $2,137 |
| Travelers | $3,942 |
| Arbella | $1,366 |
| Chubb | $7,966 |
Note: Each insurance carrier has its own way of evaluating risk and setting rates. This means that even with the same coverage, one company might offer a lower or higher premium based on factors like their pricing strategy, claims history, and how they assess your specific situation.
Average Home Insurance Cost In Massachusetts – By Claims History
When you file a claim, your insurance company sees you as high risk, which can lead to higher premiums. On average, homeowners who have filed just one claim pay 22% more than those with no claims.
| Number of Claims | Average Annual Premium |
| None | $2,004 |
| 1 | $2,443 |
| 2 | $2,874 |
Note: Insurance companies may increase your premium by 10% to 40% after you file a claim, depending on factors like the type of claim and the insurer’s guidelines.
Average Home Insurance Cost In Massachusetts – By Credit Score
In Massachusetts, insurance companies are not allowed to use your credit score when setting your home insurance rate. This means that your insurance rates will not be impacted whether you have a poor credit history or an excellent credit history.
Average Home Insurance Cost For New Homes In Massachusetts
In Massachusetts, the average cost to insure a newly built home is cheaper than the cost to insure an existing home. This is because newer homes are less likely to face risks than older homes. The average cost of home insurance for a Massachusetts property built in 2024 is $1,110 annually.
| Age of Home | Average Annual Premium |
| New | $1,110 |
| 10 | $2,012 |
| 20 | $3,651 |
| 30 | $5,346 |
Note: Are you a first-time homebuyer? Understand about home insurance with these five tips: recognize key terms, budget early, bundle policies for savings, check what’s covered, and invest in home upgrades to reduce risk and costs.
Average Home Insurance Cost In Massachusetts – By Coverage Amount
When you buy an insurance policy, you’ll need to select a dwelling coverage amount. This amount should be enough to cover the cost of rebuilding your home. Insurance companies use this figure to determine your premium, so the higher the replacement cost, the more your premium may be. The average cost of a home in Massachusetts insured for $250,000 is $1,226 per year.
| Coverage Limit | Average Annual Premium |
| $100,000 | $1,183 |
| $250,000 | $1,226 |
| $500,000 | $3,163 |
| $750,000 | $4,703 |
| $1,000,000 | $6,143 |
| $2,000,000 | $11,255 |
| $3,000,000 | $19,644 |
Average Home Insurance Cost For Different Cities In Massachusetts
The location of your home is important when it comes to the price you pay for your insurance. Some cities have higher insurance rates than others. For example, if you live in a city near to the coast, you may expect high insurance rates. Below are a few examples of rates you can expect in various cities within Massachusetts.
| City | Average Annual Premium |
| Cambridge | $1,804 |
| Boston | $2,271 |
| Springfield | $1,708 |
| Lowell | $1,774 |
| Quincy | $1,242 |
| Worcester | $1,681 |
| Brockton | $1,763 |
| Fall River | $1,826 |
| Lynn | $1,795 |
| Plymouth | $2,014 |
| Waltham | $1,257 |
How To Estimate Your Homeowners Insurance Policy Cost
Several factors impact your home insurance rates. The carriers present in Massachusetts may weigh similar factors, but each company weighs them differently. Therefore, it is important to shop around and get quotes from different providers.
Some of the major factors that companies use to determine your insurance price are as follows:
Location: Where you live plays a big role in how much you’ll pay for homeowners insurance. Insurance companies see areas that are prone to natural disasters, like tornadoes or hurricanes, as higher risk, which can raise your premiums.
Deductible: Your deductible is the portion you must pay out of pocket when making a claim. Your insurance company will pay for the rest of the damage.
Dwelling Coverage: It covers damage to the physical structure of your home and helps pay for repairs or rebuilding if your home is affected by a fire, storm, or other covered events.
Note: Dwelling coverage should be enough to fully rebuild your home in case of a total loss. This coverage is based on the cost of construction, not the market value of your home, so it’s crucial to ensure it’s accurately estimated to avoid being underinsured.
Liability: Liability insurance protects you if someone gets injured or killed on your property, or if their property gets damaged due to an accident.
Personal Property: This covers the cost of damage or theft of your personal belongings, both inside and outside your home, like furniture, TVs, and computers.
It’s important to check your policy, to see what is covered and what is not covered by your homeowners policy.
How To Buy Home Insurance In Massachusetts
To begin the process of buying home insurance in Massachusetts, consumers should follow the steps outlined below.
Conduct Research: Take time to understand the different types of coverage offered by insurance providers. Make sure you know what is included and excluded in each policy.
Get Multiple Quotes: Request quotes from several insurance companies to get a range of pricing options. This allows you to find a policy that fits both your needs and budget.
Compare Quotes: Carefully compare the details of each quote, including coverage limits and deductibles. Look for differences in pricing and policy terms to find the best value.
Sign Application: Once you’ve chosen the right policy, complete and sign the application. Ensure all information is accurate to avoid any issues with your coverage.
Review Policies: Before finalizing your insurance, review all policy documents carefully. Confirm that all coverage details meet your needs and there are no misunderstandings.
Note: You can often save money by bundling home and auto insurance policies. Be sure to check if this is an option when taking out your insurance.
FAQs
Why is homeowners insurance in Massachusetts so expensive?:
Actually, homeowners insurance in Massachusetts is not as expensive as it may seem. On average, it’s below the national average, making it more affordable compared to other states.
How much is homeowners insurance per month in Massachusetts?
The average cost of homeowners insurance in Massachusetts is about $102 per month, which is 26% cheaper than the national average.
Sources
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- Massachusetts Gov – Home Insurance
- Boston – Navigating The States Rising Home Insurance Premiums And Risks
