How much is homeowners insurance in Tewksbury,MA

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In Tewksbury, homeowners pay an average annual rate of $1,410 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $1,094 less than the national average of $2,504.

Homeowners insurance premiums can vary significantly from one property to another. In Tewksbury, 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

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Tewksbury, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Tewksbury.

Key takeaways

In Tewksbury, homeowners insurance costs $1,410 annually.
Andover Insurance offers the most affordable homeowners insurance in Tewksbury with an average annual premium of $805.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $286 higher.

How much is homeowners insurance in Tewksbury per month

According to Insure.com’s rate analysis, residents of Tewksbury pay an average of $117 per month for homeowners insurance. This is $18 less than the state average of $135 and $92 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Tewksbury can vary depending on your location, property value, and selected coverage options.

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

The average cost of homeowners insurance in Tewksbury, MA is $1,124 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

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

According to Insure.com’s rate analysis, homeowners in Tewksbury typically pay an average of $1,410 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 $286. It is advisable to 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 Tewksbury by company

Among the carriers analyzed, Andover Insurance is the most affordable homeowners insurance company in Tewksbury. It’s average annual rate for homeowners in Tewksbury is $805.

Travelers, ranks second and Heritage Insurance Holdings makes it to the third spot with an average annual home insurance rate of $1,041.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Tewksbury and compiled a list of the most affordable home insurance companies.

Below are details of Tewksbury home insurance companies and their average annual premiums.

Home insurance company	Annual rate
Andover Insurance	$805
Travelers	$965
Heritage Insurance Holdings	$1,041
Vermont Mutual	$1,078
State Farm	$1,136
Arbella Insurance	$1,365
Safety Insurance	$1,392
Allstate	$1,631
Mapfre Insurance	$1,711
Amica Mutual	$2,486
USAA*	$1,503

Methodology

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