Vermont Mutual Insurance Co. offers the cheapest home insurance in Massachusetts, at $820 a year. However, premiums vary based on the insurance company, your policy limits, your location and the coverages you choose.
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Cheapest home insurance companies in Massachusetts
Vermont Mutual Insurance Co. has the cheapest home insurance in Massachusetts, at $820 a year. Travelers is second-cheapest, at $1,129 a year. The table below shows average home insurance rates in Massachusetts by company.
| Company | Average annual premium |
|---|---|
| Amica | $1,947 |
| Arbella Insurance | $1,156 |
| Chubb | $2,240 |
| Safety Insurance | $1,348 |
| Travelers | $1,129 |
| USAA | $1,191 |
| Vermont Mutual Insurance Co. | $820 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much is home insurance in Massachusetts?
The average home insurance rate in Massachusetts is $1,404 a year. That's 26% lower than the national average of $1,903 a year.
Home insurance rates vary due to factors including:
- Your ZIP code
- Construction materials used
- Age of the home
- Your insurance claim history
A standard home insurance policy is usually the same from insurer to insurer. However, companies weigh certain factors differently, which affects your rate. For example, one provider could consider your neighborhood to be a higher risk than another, and calculate your quote accordingly. To make sure you get the cheapest rate, compare quotes from multiple providers.
Home insurance rates by deductible
The deductible you choose also affects what you pay for home insurance. If you have a higher deductible, your premium will be lower.
| Deductible | Average annual premium |
|---|---|
| $500 | $1,580 |
| $1,000 | $1,404 |
| $1,500 | $1,371 |
| $2,000 | $1,246 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Home insurance rates by dwelling coverage
The dwelling coverage amount for your home also plays a significant role in determining your insurance rate. The dwelling coverage amount is the cost of rebuilding your home, not its market value. The table below shows average annual premiums based on dwelling coverage amounts.
| Dwelling coverage | Average annual premium |
|---|---|
| $200,000 | $1,181 |
| $275,000 | $1,404 |
| $350,000 | $1,697 |
| $425,000 | $1,982 |
| $500,000 | $2,294 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Find cheap home insurance in Massachusetts
Best home insurance companies in Massachusetts
Vermont Mutual Insurance Co. and Travelers are the best homeowners insurance companies in Massachusetts. Here's why.
Vermont Mutual Insurance Co.: cheapest rates
Vermont Mutual Insurance Co. has an average homeowners insurance rate of $820 a year, which is $584 cheaper than the statewide average. It also has a low Complaint Index of 0.07 from the National Association of Insurance Commissioners (NAIC). The NAIC Complaint Index measures the number of complaints policyholders file against an insurer compared with companies of a similar size. The national Complaint Index is 1.0, and lower index values are better.
One downside is that Vermont Mutual Insurance Co. doesn't offer online quotes. You also need to contact an agent to find out what discounts you can get.
Travelers: best for eco-friendly homes
Travelers has the second-cheapest average rate in Massachusetts, at $1,129 a year. Although it doesn't have the cheapest rates in the state, consider Travelers if you have an eco-friendly home or are planning to go green. Benefits that can help you save include:
- Additional optional coverage for the cost of green materials after a covered loss.
- A discount if your house has Leadership in Energy and Environmental Design (LEED) certification.
Home insurance rates in Massachusetts by city
Springfield has the cheapest average homeowners insurance rates among Massachusetts' biggest cities, at $1,166 a year. Boston is sixth-cheapest, with an average rate of $1,463 a year.
| City | Average annual premium |
|---|---|
| Boston | $1,463 |
| Worcester | $1,237 |
| Springfield | $1,166 |
| Cambridge | $1,203 |
| Lowell | $1,198 |
| Brockton | $1,572 |
| New Bedford | $2,011 |
| Lynn | $1,676 |
| Quincy | $1,376 |
| Fall River | $1,657 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Home insurance rates in Massachusetts by county
Hampshire County has the cheapest average homeowners insurance rate, $902 a year. Home insurance tends to be cheap in Hampden, Worcester and Middlesex Counties, too.
| County | Average annual premium |
|---|---|
| Middlesex | $1,096 |
| Worcester | $1,030 |
| Essex | $1,354 |
| Suffolk | $1,536 |
| Norfolk | $1,241 |
| Bristol | $1,692 |
| Plymouth | $1,678 |
| Hampden | $1,005 |
| Barnstable | $2,799 |
| Hampshire | $902 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Methodology
We collected quotes from every ZIP code in Massachusetts for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
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