How much is homeowners insurance in Springfield,MA

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In Springfield, homeowners pay an average annual rate of $1,680 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to our data. This is $824 less than the national average of $2,504 .

Homeowners insurance premiums can vary significantly from one property to another. In Springfield, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
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 Springfield, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Springfield.

Key Takeaways

In Springfield, homeowners insurance costs $1,680 annually.
State Farm offers the most affordable homeowners insurance in Springfield with an average annual premium of $803 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $363 higher.

How much is homeowners insurance in Springfield per month

Residents of Springfield pay an average of $140 a month for homeowners insurance. It’s $5 more than the state average of $135 and $69 less than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Springfield may change based on location, property value, and selected coverage options.

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

The average cost of homeowners insurance in Springfield, MA is $1,317 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The cost of your home insurance each year depends on several factors – including the risk of natural disasters in your area. If your city is prone to events like hurricanes, wildfires, or floods, you’ll likely pay more for coverage.

Some places are more prone to natural disasters, like floods, hurricanes, or tornadoes. That makes rebuilding after a major event more expensive, which is why home insurance tends to cost more in those areas. And keep in mind, your standard policy probably doesn’t cover flood or hurricane damage. If you live in a high-risk zone, it’s definitely worth looking into separate flood insurance for extra protection.

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

Homeowners in Springfield typically pay an average of $1,680 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $363 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

How much is homeowners insurance in Springfield by company

Among the carriers we analyzed, State Farm is the cheapest homeowners insurance company in Springfield. Its average annual rate for Springfield homeowners is $803 , 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 Springfield 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
State Farm	$803
Andover Insurance	$1,007
Heritage Insurance Holdings	$1,434
Arbella Insurance	$1,542
Travelers	$1,650
Safety Insurance	$1,693
Allstate	$1,725
Vermont Mutual	$1,768
Amica Mutual	$2,119
Mapfre Insurance	$2,286
USAA*	$1,765

*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

Living in Massachusetts means facing the risk of natural disasters that can seriously damage your home and belongings. These events can lead to expensive repairs and major 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.

Being aware of your local risks helps you choose the right level of protection, from setting appropriate coverage limits to deciding on deductibles or adding extra coverage. Taking the time to tailor your policy to those risks can help you avoid being underinsured and give you peace of mind if you’re impacted by a natural disaster.

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

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Make sure your coverage is disaster-ready

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Springfield 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.