Average homeowners insurance cost in Massachusetts

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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Massachusetts is $1,622 a year.

Continue reading to learn more about homeowners insurance rates in Massachusetts by ZIP code and insurer.

Key Takeaways

Homeowners insurance costs an average of $1,622 a year, based on Insure.com analysis.
Of all the ZIP codes in Massachusetts, 1342 has the most affordable home insurance rates at around $1,149 annually.
In Massachusetts, Andover Insurance provides the most affordable home insurance at an average annual premium of $871.

Average home insurance cost in Massachusetts by coverage level

Homeowners insurance costs $1,622 a year in Massachusetts for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Massachusetts will increase to $1,979 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Massachusetts for dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,286	$107
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,303	$109
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,622	$135
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,640	$137
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,979	$165
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,998	$166
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,734	$228
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,755	$230
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$4,346	$362
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$4,370	$364

Homeowners insurance companies in Massachusetts determine rates based on risk factors. When calculating premiums, they consider your location, claims history and coverage limits.

If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no claims.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Massachusetts

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Massachusetts using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Massachusetts. Based on the analysis, Andover Insurance received the lowest NAIC score and A rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Andover Insurance	$871	A	0.08	5
Vermont Mutual	$1,343	A+	0.07	4.77
Arbella Insurance	$1,454	A	0.04	4.65
Mapfre Insurance	$1,755	A	0.07	4.41
Safety Insurance	$1,671	A	0.18	4.32
Travelers	$1,676	A++	0.54	3.96
State Farm	$1,162	A++	0.95	3.74
Allstate	$1,995	A+	0.9	3.15

Average homeowners insurance cost by company in Massachusetts

Andover Insurance offers the most affordable homeowners insurance in Massachusetts, at an average annual premium of $871, followed by Heritage Insurance Holdings and State Farm.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Massachusetts homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Andover Insurance	$871	$73
Heritage Insurance Holdings	$1,016	$85
State Farm	$1,162	$97
Vermont Mutual	$1,343	$112
Arbella Insurance	$1,454	$121
Safety Insurance	$1,671	$139
Travelers	$1,676	$140
Mapfre Insurance	$1,755	$146
Allstate	$1,995	$166
Amica	$2,711	$226
USAA*	$1,840	$153

*USAA is only available to military community members and their families.

Massachusetts homeowners insurance rates by ZIP code

Insurance companies in Massachusetts assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Massachusetts. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Massachusetts

Homeowners insurance costs in Massachusetts can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 1342 area has the most affordable insurance rates, at $1,149 annually or $96 monthly.

Below are the homeowners insurance rates for the most affordable ZIP codes in Massachusetts.

ZIP code	Average annual rate	Average monthly rate
1342	$1,149	$96
1267	$1,150	$96
1236	$1,155	$96
1367	$1,161	$97
1376	$1,164	$97
1354	$1,165	$97
1351	$1,166	$97
1379	$1,175	$98
1301	$1,176	$98
1257	$1,177	$98

Most expensive ZIP codes for home insurance rates in Massachusetts

In Massachusetts, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 2552 ZIP pay the highest insurance rates in Massachusetts, with an average annual premium of $3,139.

Below is a list of some of the most expensive ZIP codes in Massachusetts for homeowners insurance.

ZIP code	Average annual rate	Average monthly rate
2552	$3,139	$262
2554	$3,106	$259
2535	$3,089	$257
2539	$2,982	$249
2564	$2,964	$247
2663	$2,824	$235
2568	$2,819	$235
2573	$2,778	$231
2657	$2,767	$231
2557	$2,743	$229

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Massachusetts by city

See rates in your city

Home insurance rate trend in Massachusetts

We analyzed home insurance rate trends in Massachusetts and found that homeowners insurance rates experienced an overall increase of 8% or $123, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$1,921	$1,499	$1,622

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Massachusetts.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.