Northern Security has the cheapest average homeowners insurance rates in Massachusetts at $93 a month. The next most affordable provider is Merrimack Mutual at $139 a month. The third-lowest rate is USAA at $149 a month.
Massachusetts' average home insurance rate is under the national average. Still, there's no point in paying more for a policy than you have to. We've looked at the rates, policy offerings and customer service trends of the biggest home insurance companies underwriting policies in Massachusetts, as well as the factors that determine their rates, to help you get the best homeowners insurance at the cheapest rate.
This article will cover
Who has the cheapest home insurance in Massachusetts?
Northern Security carries the lowest homeowners insurance rate in Massachusetts, with an average rate of $93 a month. Merrimack Mutual is the next-cheapest at $139 a month. USAA also offers affordable rates to Massachusetts homeowners at $149 a month.
| Company | Monthly rate |
|---|---|
| Northern Security | $93 |
| Merrimack Mutual | $139 |
| USAA | $149 |
| Arbella Mutual | $150 |
| Travelers | $163 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much is home insurance in Massachusetts?
Massachusetts has an average home insurance rate of $97 a month. This is 33% lower than the national average rate of $144 a month.
Your home insurance rate will vary due to a number of factors. These include:
- Your ZIP code
- Construction materials used
- The age of the home
- Your insurance claim history
A standard home insurance policy is usually the same from insurer to insurer. Why do insurance companies have different rates, then? This comes down to the different risk weights home insurance companies put on the factors that determine your rate. For example, one provider could consider the neighborhood your house is in to be a higher risk than another, and calculate your quote accordingly.
In order to make sure you're getting the cheapest rate for your policy, compare home insurance quotes from multiple providers.
Find cheap home insurance in Massachusetts
The deductible you choose for your policy will also affect what you pay for home insurance. If you have a high deductible, your premium will be lower. If you have a newer home, or have had systems renovations done recently, consider going with a high deductible.
The best home insurance companies in Massachusetts
We've found Northern Security and Travelers to be the best homeowners insurance providers in Massachusetts. Here's why:
Northern Security: Cheapest home insurance rates
Northern Security has an average homeowners insurance rate of $93 a month. Of the biggest home insurance providers in Massachusetts, Northern Security is the one that comes in under both the state and national average rate.
Travelers: Best for eco-friendly homes
Travelers doesn't have the cheapest home insurance rates in Massachusetts, but if you have a green home or are planning to go green, consider them anyway. Travelers offers many benefits that may save you thousands of dollars in home insurance costs. These perks include:
- Up to $25,000 to cover debris recycling.
- Up to $10,000 for certification of a green home after rebuilding.
- Reimbursement of up to $1,000 towards certification or recertification after filing a claim to meet current green certification requirements.
- A discount if your house has Leadership in Energy and Environmental Design (LEED) certification.
Massachusetts cities with the cheapest home insurance
Quincy enjoys the cheapest average homeowners insurance rates among Massachusetts cities with Northern Security, at an average monthly rate of $79. Cambridge has the state's second-lowest rate, also with Northern Security, at $87 a month. Boston's average rate of $97 a month with Northern Security comes in third.
| City | Arbella Mutual | Merrimack Mutual | Northern Security | Travelers | USAA |
|---|---|---|---|---|---|
| Boston | $159 | $175 | $97 | $187 | $163 |
| Brockton | $183 | $265 | $126 | $168 | $144 |
| Cambridge | $122 | $122 | $87 | $140 | $138 |
| Fall River | $167 | $192 | $112 | $184 | $148 |
| Lowell | $141 | $132 | $102 | $145 | $113 |
| Lynn | $179 | $174 | $147 | $196 | $136 |
| New Bedford | $191 | $182 | $120 | $253 | $170 |
| Quincy | $148 | $129 | $79 | $160 | $143 |
| Springfield | $160 | $165 | $126 | $118 | $135 |
| Worcester | $158 | $130 | $94 | $122 | $132 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||||
Methodology
We used Quadrant Information Services to generate thousands of home insurance quotes for every ZIP code in Massachusetts from the following providers:
- Arbella Mutual
- Merrimack Mutual
- Northern Security
- Travelers
- USAA
Our sample home used the following policy specifications:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
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