How much is homeowners insurance in Wilmington,MA

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The average cost of homeowners insurance in Wilmington is $1,377 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 $1,127 less than the national average of $2,504.

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

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Wilmington, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Wilmington.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Wilmington.

Key takeaways

The average cost of homeowners insurance in Wilmington is $1,377 per year.
Andover Insurance is the cheapest homeowners insurance company in Wilmington with an average annual premium of $805.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $277 more a year for home insurance.

How much is homeowners insurance in Wilmington per month

Wilmington homeowners pay an average of $115 a month, based on our rate analysis. It’s $20 less than the state average of $135 and $94 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Wilmington 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 Wilmington

In Wilmington, MA, homeowners pay an average of $1,100 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 Wilmington

As per rate analysis by Insure.com, homeowners residing in Wilmington typically pay an average of $1,377 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 $277 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 Wilmington by company

Among the carriers analyzed, Andover Insurance is the most affordable homeowners insurance company in Wilmington, offering an average annual rate of $805.

Travelers ranks second, while Heritage Insurance Holdings holds the third spot with an average annual rate of $1,000.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Wilmington and compiled a list of the most affordable options.

Below are the details of home insurance companies in Wilmington and their average annual premiums.

Home insurance company	Annual rate
Andover Insurance	$805
Travelers	$979
Heritage Insurance Holdings	$1,000
Vermont Mutual	$1,078
State Farm	$1,128
Arbella Insurance	$1,253
Safety Insurance	$1,392
Mapfre Insurance	$1,547
Allstate	$1,636
Amica Mutual	$2,486
USAA*	$1,527

Methodology

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