How much is homeowners insurance in Boston, Massachusetts?

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The average cost of homeowners insurance in Boston is $1,771 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $733 less than the national average of $2,504 .

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Boston depend on a number of factors, including:

The size of your home
The age of your home
The amount of coverage you need
Where you live
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers. This will enable you to find the coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Boston, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Boston.

Key Takeaways

Homeowners insurance costs $1,771 per year in Boston.
At $880 per year, Heritage Insurance Holdings offers the cheapest homeowners insurance in Boston.
Your home insurance rates increase by $370 more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Boston per month?

How much you pay for a homeowners insurance policy depends on the value of your home, your location, and the coverage options you select.

Homeowners in Boston pay an average of $148 per month. It’s $13 more than the state average of $135 and $61 less than the national average for home insurance across the nation.

How much is homeowners insurance for a $200,000 house in Boston?

In Boston, MA, homeowners pay an average of $1,401 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

How much is homeowners insurance for a $300,000 house in Boston?

Boston residents pay an average of $1,771 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. To increase your dwelling coverage from $200,000 to $300,000, you’ll pay an additional $370 per year.

The smartest approach is to carry enough insurance to cover the full cost of rebuilding your home.

How much is homeowners insurance in Boston by company?

Among the carriers we analyzed, Heritage Insurance Holdings is the cheapest homeowners insurance company in Boston. Its average annual rate for Boston homeowners is $880 , while Andover Insurance ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Boston and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home insurance company	Annual rate
Heritage Insurance Holdings	$880
Andover Insurance	$1,079
Vermont Mutual	$1,424
State Farm	$1,448
Safety Insurance	$1,482
Arbella Insurance	$1,560
Travelers	$1,723
Mapfre Insurance	$1,784
Allstate	$2,097
Amica Mutual	$3,038
USAA*	$2,361

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

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in Massachusetts that can impact your home insurance

Natural disasters are a part of life in Massachusetts, often leading to expensive insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

Massachusetts is commonly affected by Coastal flooding, Hurricane, Ice storm, Lightning and Riverine flooding.

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

TIP

Many homeowners find out too late that their insurance doesn’t cover certain natural disasters. Be proactive – review your policy, ask your insurer about disaster-specific exclusions, and explore additional protection if you’re in a high-risk zone.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Boston for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.