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Massachusetts Homeowners Insurance Quotes

Massachusetts has had a significant role in the history of America and it is one of the absolute best places to live in the United States. The Bay State is full of history, beautiful scenery and some of the best people in the world.

While Massachusetts is the 7th smallest state by land area, we are the 14th most populous and the 3rd most densely populated state in the country. Visitors come from around the world to take in the history and cultural that is one of the defining features of Massachusetts.

Many of those visitors decide to stay and become residents, settling down in the big cities like Boston, Worcester, and Lowell or heading to smaller, less hectic places such as Westford, Lenox or the always popular Nantucket.

Massachusetts Facts

In 2014, Massachusetts was home to 6.7 million people, which was an increase of 3 percent from 2010. This population growth has made Massachusetts the fastest growing state in New England and the 25th fastest growing state in the country.

The majority of residents call the Boston Metropolitan Area home. Greater Boston is the tenth largest metropolitan statistical area in the country by population. Over 4.7 million people leave in the Boston Metro Area.

Regardless of what you are looking for in a home, Massachusetts has you covered. Everything from million-dollar riverfront homes to affordable houses, condos and apartments.

The residents of Massachusetts have an average household income of $ 64,081, which ranks it as number six in the entire country. The cost of living can vary dramatically depending on what part of the Bay State you call home. The city of Boston can be expensive while a town like Lenox tends to be more affordable.

The median home value in Massachusetts is a fairly pricey $323,800 which is a measly 0.1 percent gain over last year. The prediction is that prices will be headed down 0.6 percent next year which is great news for home buyers, but not so great if you are selling.

Expect to pay a premium for life in Boston. In popular neighborhoods such as Back Bay the average listing price is currently over $2 million but in more affordable neighborhoods like Dorchester the average is closer to $360,000.

Homeowners Insurance in Massachusetts

Massachusetts is a fairly expensive state when it comes to homeowners insurance. It is the 11th most expensive state in country with an average price of $1,150 per year.

One of the best ways to lower your insurance premium is to shop it around. Insurers rate risk differently and shopping a variety of insurance companies will ensure that you are getting the best price. We can help you shop up to 12 insurers, all at once. Fill out our quick and easy form and our insurance partners will send quotes directly to your inbox.

Bundling is another great way to lower your premium. Insure your car and home with the same company and you can save up to 20 percent or more.

Frequently Asked Questions About Rate Quotes

  • What's the average monthly premium homeowners pay in Massachusetts?
    Homeowners in Massachusetts pay on average around $96 a month for homeowners insurance.
  • Which carriers can you provide quotes for comparison shopping?
    We can provide up to 12 top rated carriers which will include rate quotes from: MapFre Insurance, UPC Insurance, Liberty Mutual, Quincy Mutual Group, Progressive, Chubb Personal Insurance, Ace Insurance, United States Liability Insurance Group (USLI), American International Group (AIG), The Andover Companies, Foremost and many more.
  • If I have a new home purchase in Massachusetts, can you help me?
    Yes, we can help you finalize your new homeowners insurance policy for your new home as fast as you need us. If your closing soon and need a homeowners insurance policy that's best fit for your home, please start your Massachusetts homeowners insurance quote today!

Factors to Consider in Massachusetts

Tornados and hurricanes can be a problem in the Bay State. While damage from both of these types of storms is covered by a homeowners policy, flooding which can happen with severe storms is not covered.

If you live in an area where flooding can be an issue, a separate flood policy is a necessity. While flood insurance can be expensive, it can be a financial lifesaver if your house is flooded.

One thing that every homeowner should have is a detailed inventory of their possessions. This can make filing a claim much easier. There are a number of apps that can make this process quicker, allowing you to snap a photo with your phone.

As with any move, be sure to check the crime rates in any neighborhood you are considering. This will not only make sure your family stays safe but will also keep your insurance premiums affordable.

Average Homeowners Insurance Premiums in Massachusetts

With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Massachusetts homeowners are paying on average. Did you know that the average homeowners insurance premium in Massachusetts is $1667? Massachusetts is now ranked 8 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Massachusetts is 27.15% more than the national average.

YearAverage Annual PremiumAverage Monthly PremiumState Rank (Overall)
2020$1667 (3.1%)$ 1398
2019$1617 (4.8%)$ 1358
2018$1543 (3.63%)$ 12910
2017$1488 (2.52%)$ 1249
2016$1451 (5.09%)$ 1219

When we combine the state averages over the last decade, the Massachusetts overall average is estimated to be around $1,372.60. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Massachusetts current state rank compare to the rest of the country is #8. Consider shopping your Massachusetts home insurance with us so we can help you save up to 40% or more on your policy.

Find Local MA Homeowners Insurance Quotes & Coverage

For more information on homeowners insurance in your area, choose a county below:

Massachusetts Homeowners Insurance News & Information

  • Largest Insurer in California – Travelers Announces Home Insurance Rates Going Up 15% Posted on Monday 20th May, 2024

    Travelers Insurance, which is one of the largest insurers in California, recently announced that they will be raising premiums by an average of 15% in the Golden State. This is just the latest rate increase or policy limitation by major insurance companies who blame the increases on spreading wildfire risks, inflation, and the cost of […]

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

  • Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

    Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]

  • Homeowners Below a 580 Credit Score Pay 35% More for Home Insurance Posted on Monday 15th April, 2024

    While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states.  In most states, insurers are allowed to consider credit scores when setting […]

Massachusetts Housing & Real Estate Data

Total Housing Units2808254
Occupied Housing Units2547075
Vacant Housing Units261179
Vacant Housing Units for Rent66673
Vacant Housing Units Rented Not Occupied3822
Vacant Housing Units For Sale25038
Vacant Housing Units Sold Not Occupied6408
Vacant Housing Units For Seasonal Occasional Use115630
Vacant Housing Units All Other Vacants43608
Housing Units Homeowner Vacancy Rate Percent1.5
Housing Units Rental Vacancy Rate Percent6.5
Housing Tenure Occupied Units2547075
Housing Tenure Occupied Units Owner Occupied1587158
Housing Tenure Occupied Units Owner Occupied Population4214212
Housing Tenure Occupied Units Owner Occupied Averge Household Size2.66
Housing Tenure Occupied Units Renter Occupied959917
Housing Tenure Occupied Units Renter Occupied Population2094535
Housing Tenure Occupied Units Renter Occupied Average Household Size2.18

Understanding Massachusetts Homeowners Insurance

When shopping for Massachusetts homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:

  • HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
  • H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
  • HO-4: If you are looking for Massachusetts renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.

While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.

If you are shopping for a new home in Massachusetts, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Massachusetts rates and coverage options.