Home Home insurance Average home insurance cost Massachusetts Richmond, MA How much is Homeowners Insurance in Richmond, MA View Carriers Please enter valid zip Compare top carriers in your area Written by By Insure.com's EditorUpdated on: September 3, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Richmond is $1,180 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $1,324 less than the national average of $2,504 .Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Richmond depend on several factors, including:Size of your home Age of your home Amount of coverage you need Location Your credit score State Farm is the cheapest homeowners insurance company in Richmond with an average annual premium of $1,180 per year. This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Richmond. Keep reading to learn about the monthly cost of homeowners insurance in Richmond, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Richmond. Key takeawaysIn Richmond, homeowners insurance costs $1,180 annually. State Farm offers the most affordable homeowners insurance in Richmond with an average annual premium of $735. If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $240 higher. How much is homeowners insurance in Richmond per month Richmond homeowners pay an average of $98 a month, based on our rate analysis. It’s $37 less than the state average of $135 and $111 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Richmond may vary depending on where you live, the value of your home, and the coverage you choose. How much is homeowners insurance for a $200,000 house in Richmond In Richmond, MA, homeowners pay an average of $940 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area. Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance. How much is homeowners insurance for a $300,000 house in Richmond As per rate analysis by Insure.com, homeowners residing in Richmond typically pay an average of $1,180 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible. Your home insurance rates will be increased by $240 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area. How much is homeowners insurance in Richmond by company Among the carriers analyzed, State Farm is the cheapest homeowners insurance company in Richmond. It’s average annual rate for Richmond homeowners is $735. Andover Insurance ranks second and Heritage Insurance Holdings makes it to the third spot with an average annual home insurance rate of $800. Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Richmond and prepared a list of the cheapest home insurance providers. You can find below the Richmond home insurance companies and their average annual premium. Home insurance company Annual rate State Farm$735Andover Insurance$747Heritage Insurance Holdings$800Travelers$891Vermont Mutual$896Arbella Insurance$1,069Safety Insurance$1,223Mapfre Insurance$1,368Amica Mutual$1,425Allstate$1,437USAA*$1,690 Methodology Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Richmond 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. How much is home insurance in other citiesBostonLeedsMiltonNorfolkRochdaleSpringfieldTewksburyWilmingtonWorcester In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2024 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2024 Homeowners insurance basics Home Insurance Advisor Cheapest homeowners insurance in 2024 How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home insurance discounts for cheaper rates How much does dog liability insurance cost and do you need it? Do you have an emergency go-bag? Most Americans don’t 1/1 Related Articles Renters insurance calculator: How much renters insurance costs by state and city in 2024 By Shivani Gite Condo and co-op homeowners insurance: What you should know By Mark Vallet Cost of living calculator By Nupur Gambhir Homeowners insurance rates by state in 2024 By Jake Safane Homeowners insurance calculator: Estimate the cost of homeowners insurance By Jessica Olson Mobile home insurance cost and coverage in 2024 By Chris Kissell On this page How much is homeowners insurance in Richmond per month How much is homeowners insurance for a $200,000 house in Richmond How much is homeowners insurance for a $300,000 house in Richmond How much is homeowners insurance in Richmond by companyMethodology ZIP Code Please enter valid ZIP See rates