The Best Homeowners Insurance In Massachusetts For 2024

As previously mentioned, State Farm is our top choice for the best overall home insurance in Massachusetts. The insurance carrier has received the best possible rating from AM Best (A++) for its financial strength and stability. J.D. Power also awards State Farm an excellent rating (829 out of 1000) in policyholder satisfaction.

This rating is partly due to the numerous positive reviews from online customers. State Farm’s many offices, agents, and claims representatives located within the state ensure above-average customer service.

State Farm offers homeowners coverage that is not typically available from other insurers, even in its standard home insurance policies. For example, it provides protection from credit card fraud and identity theft, which are increasingly common issues.

If your home is in an area with strict HOA regulations and codes, State Farm can provide legal assistance to ensure compliance if you need to rebuild your home after a loss. These are just a few examples of the types of protection you’ll receive with State Farm homeowners insurance.

If you decide to purchase home insurance from State Farm, you can easily get started online. However, to complete the process and obtain a policy with this carrier, you must meet with a State Farm agent. Once you become a State Farm policyholder, you can access your account online through the website or app.

The convenient online tools make it easy to enroll in paperless billing and auto-pay, pay premiums, or file a claim. If you’re interested in learning more about your insurance or insurance in general, the State Farm website offers an online resource library full of valuable information.

Farmers homeowners insurance coverage receives high ratings from policyholders for its numerous policy perks and online experience. The company’s clear explanation of its perks contributes to its positive online ratings. Policy perks are important when shopping for home insurance, and Farmers offers several, including:

• Claim Forgiveness: Rates won’t increase after filing a claim, provided you haven’t filed one in 5 years.
• Discount if Claim Free: Receive a discount if you go 3 years without filing a claim.
• Multi Line Policies: Insure multiple types of insurance with Farmers and receive up to a 34% discount.
• Deductible Declines: Get $50 off your deductible for every year your Farmers policy is in effect.
• Replacement Cost Guaranteed: Farmers pays the full cost to rebuild your home, regardless of the expense.

J.D. Power gives Farmers a high rating of 9.3/10, although its satisfaction ratings from policyholders are lower than the national average.

Nationwide receives an excellent A+ rating from AM Best due to its strong financial strength. While its customer satisfaction ratings could be higher, they are still respectable. Nationwide is well-regarded overall, with many local offices and agents, ensuring convenience and good service for policyholders.

One standout feature of Nationwide is its range of options not commonly found in other homeowner coverage. For instance, they offer reimbursement for events like ID theft and credit card fraud, which are increasingly prevalent issues. Additionally, if you’re in an HOA and need to rebuild after a covered loss, Nationwide provides assistance from an attorney or covers the costs of rebuilding to comply with codes.

The Better Roof Replacement option from Nationwide offers additional coverage if you need to purchase new roofing materials due to damage from a covered loss.

Another valuable option is Brand New Belongings, which reimburses you for the value of your belongings if they are damaged or destroyed in a covered loss, minus depreciation. Simply purchase replacements, send Nationwide your receipts, and you’ll be reimbursed for the difference.

Chubb homeowners insurance in Massachusetts is renowned for its superior coverage tailored for high-value homes. While its average annual premium of $1,471 is 15% higher than the state average of $1,275, policyholders find the additional cost worthwhile for the exceptional coverage and features.

Customers in Massachusetts appreciate Chubb’s specialized offerings, including advanced home inspections, property management services for secondary homes, personalized claims handling, and other perks. Chubb also stands out with its range of add-on coverages beyond basic home insurance.

These include protection against water backup, extended replacement coverage for both the home and personal belongings, coverage for equipment breakdown, and more. Chubb policyholders benefit from extended replacement cost coverage, ensuring their home and property can be rebuilt or replaced even if their value has depreciated since purchase.

The average homeowners insurance industry in the U.S. offers seven discounts, but Allstate provides eleven. These discounts can lead to substantial savings on your insurance premiums. Many analysts agree that Allstate’s discounts are compelling for those seeking comprehensive coverage at an affordable price.

Some of Allstate’s discounts include:

• New Home Buyer: Discount for purchasing a new home
• Claims Forgiveness: Optional coverage to prevent rate hikes after filing a claim
• Claims Free: Discount for a year without claims
• Responsible Payment: Discount for maintaining a good payment record
• Automatic Payment: Discount for enrolling in auto-pay
• Early Payment: Discount for purchasing a new policy soon after renewing the existing one
• Protective Device: Discount for installing fire and theft protective devices
• Deductible Reward: Deduction from deductible amount upon policy purchase
• Bundle: Discount for having multiple insurance types with Allstate
• Loyalty: Discount for renewing your policy

Allstate offers nearly double the national average number of discounts, with eleven available. In addition to common options, Allstate also covers loss or repair of landscaping, riding lawnmowers, and other yard and garden items.