Renters Insurance in Boston

Boston renters pay as little as $19 a month for coverage.

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The average cost of renters insurance in Boston is $21 a month, just above the national average of $18 a month. Rates can range from as low as $19 a month to as high as $25 a month. The cost depends on the amount of coverage you buy, where you live and other factors.

Our comprehensive guide to renters insurance in Boston, includes:

Cheapest renters insurance companies in Boston

Travelers offers the cheapest renters insurance rate in Boston from the companies we researched, at $224 a year. Although renters insurance is one of the cheapest types of insurance you can buy, you can still save money by comparing rates from different insurance companies.

Company Average annual premium
Allstate $305
Travelers $224
Amica $233
Note: Average rates are based on online quotes from provider websites. Your rates may vary.

Best renters insurance companies in Boston

While price is often at the forefront of people's minds when it comes to insurance, it's important to explore your options carefully. You can do this by evaluating prospective insurers' customer service and coverage options on top of price. If you need to file a claim due to a catastrophic event, you'll be more comfortable with a company you trust.

Best rates: Travelers

Travelers offers the cheapest renters insurance rate at $224 a year in our study. Along with affordable rates, Travelers also includes housing improvements coverage in its standard policy. If you're making any alterations to your apartment, you can apply up to 10% of your personal property coverage to replace or repair the improvements you made if they're damaged by a covered loss.

Travelers, however, has a low customer satisfaction score of 815 out of 1,000 on J.D. Power's 2021 U.S. Home Insurance Study. If you're looking for an insurer with better customer service, then we recommend Allstate.

Best for retirees: Allstate

Although Allstate has an average annual premium that is higher than the state average, you can cut down on your premium significantly if you qualify for the company's retiree discount. If you're 55 years or older and retired, you can save up to 25% on your premium if you qualify. You can also take advantage of its multi-policy discount if you also have auto insurance with Allstate.

Additionally, Allstate received a customer satisfaction rating of 833 out of 1,000 in J.D. Power's 2021 U.S. Home Insurance Study, which scores in the middle of the study.

Allstate also offers some optional coverages, which includes earthquake coverage, identity theft coverage, and protection for specific valuables like antiques and jewelry. However, water backup coverage isn't included in Allstate's optional coverages.

Renters insurance quotes in Boston

Deciding how much coverage you need is an important step in getting a renters insurance quote. A renters insurance quote should contain four separate types of coverage, each with its own limit: 1) personal property, 2) loss of use, 3) personal liability and 4) medical payments to others.

  • Personal property coverage protects your possessions within your home. Most people's belongings are valued in the $20,000 to $30,000 range.
  • Loss of use covers your additional living expenses (ALE) if you are temporarily forced out of your home due to a covered accident.
  • Personal liability helps cover your legal liabilities. If someone gets hurt in your rental unit, personal liability coverage is there to help you pay for what could be enormous legal fees and settlement costs. Many renters insurance policies have limits up to (and sometimes more than) $100,000 in coverage for personal liability.
  • Medical payments to others coverage specifically covers guests injured within your home. Policies often provide around $5,000 of coverage, but the exact amount can be adjusted upward or downward depending on your needs.

Pay attention to these coverages when you compare renters insurance quotes. If a quote doesn't offer enough coverage for your needs, it does not matter how cheap it is.

How to save on renters insurance

To save money on your premium, you can take advantage of discounts that insurance providers offer. You can save by bundling your renters insurance with an existing policy you have, such as car insurance. Many providers also offer discounts if you implement safety features like a smoke detector, fire alarm or burglar alarm. We also recommend getting quotes from several different providers in order to get the best coverage for you at the best price.

You can also save money on your renters premium by picking a high deductible. This can lower your premium, but you'll also carry a larger responsibility on your claim if you file one.

Boston renters insurance requirements

Renters insurance is not mandated by law in Boston, but your landlord can require you to obtain it as a condition of your lease. Your landlord should have insurance that covers your home itself, but it does not protect your belongings. Therefore, you need your own insurance policy, separate from your landlord's.

In instances where your landlord requires renters insurance, they are considered an "interested party" and will be notified of your coverage. If you live with roommates, everyone in the house will likely need their own renters insurance policy, unless they are family members. LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.