Average renters insurance cost in Massachusetts

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Renters insurance in Massachusetts costs an average of $229 per year, or $19 per month. That’s for a standard policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible – a solid starting point for most renters.

Your actual rate depends on how much coverage you choose, which insurance company you go with, and personal factors like your ZIP code, claims history, and in some states, credit score

How much does renters insurance cost in Massachusetts?

Renters insurance in Massachusetts costs an average of $19 per month for a standard policy with $40,000 in personal property coverage and $300,000 in liability protection. Your actual premium can vary based on your location, coverage level, and the value of your belongings, so it’s worth comparing quotes from multiple insurers to find the best rate.

As a general rule, opting for a higher deductible can bring your monthly costs down, while adding extra coverage for high-value items like electronics or jewellery will push it up. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Massachusetts: Where to start

The average cost of renters insurance in Massachusetts is $229 per year, or $19 per month for a standard policy
For the most affordable option, State Farm offers the lowest average rates in Massachusetts at around $112 annually
Rates vary quite a bit between insurers, so comparing a few quotes before committing is worth the effort

Which companies offer the cheapest renters insurance in Massachusetts?

Among insurers operating in Massachusetts, State Farm has the lowest average annual premium at $112. Amica and Travelers are also worth a look if keeping premiums low is a priority.

That said, price alone shouldn’t drive your decision. It’s equally important to weigh coverage limits, deductible options, and any discounts available to you. The table below lays out average annual and monthly rates from various insurers in Massachusetts.

Company	Average annual rate	Average monthly rate
State Farm	$112	$9
Amica	$189	$16
Travelers	$208	$17
Andover Insurance	$233	$19
Mapfre Insurance	$244	$20
Vermont Mutual	$245	$20
Allstate	$248	$21
Safety Insurance	$280	$23
Arbella Insurance	$283	$24

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history and other rating factors.

Renters insurance calculator in Massachusetts

$210/year

Estimated renters insurance rates in Massachusetts

$18

Monthly renters insurance cost in Massachusetts

-22%

Compared to national average

How much does renters insurance cost by coverage level in Massachusetts?

At the standard coverage level – $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – renters insurance in Massachusetts averages $229 per year.

If you reduce your personal property coverage to $20,000, that average drops to around $153 annually. Before making that adjustment, it’s worth confirming that $20,000 would genuinely cover the cost of replacing your belongings.

The table below compares average annual renters insurance costs in Massachusetts at both the $20,000 and $40,000 coverage levels.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$151	$13
$20,000 with $500 Deductible and $300,000 Liability	$165	$14
$20,000 with $1,000 Deductible and $100,000 Liability	$142	$12
$20,000 with $1,000 Deductible and $300,000 Liability	$153	$13
$40,000 with $500 Deductible and $100,000 Liability	$232	$19
$40,000 with $500 Deductible and $300,000 Liability	$250	$21
$40,000 with $1,000 Deductible and $100,000 Liability	$210	$18
$40,000 with $1,000 Deductible and $300,000 Liability	$229	$19
$60,000 with $500 Deductible and $100,000 Liability	$319	$27
$60,000 with $500 Deductible and $300,000 Liability	$341	$28
$60,000 with $1,000 Deductible and $100,000 Liability	$290	$24
$60,000 with $1,000 Deductible and $300,000 Liability	$311	$26

People also ask: How much renters insurance coverage do I need?

Coverage needs vary from person to person, but a common starting range is $20,000 to $40,000 in personal property protection and at least $300,000 in liability coverage. The right amount ultimately comes down to the value of what you own, whether any of your items warrant separate endorsements, and how much of a financial cushion you want between you and an unexpected loss.

How much does renters insurance cost by city in Massachusetts?

Renters insurance rates in Massachusetts aren’t the same across the board – where you live within the state can make a noticeable difference. Local factors like crime rates, weather exposure, and population density all influence what insurers charge.

Here’s a look at how average rates compare across major cities in Massachusetts.

Renters insurance rates in Massachusetts by city

See rates in your city

Does your ZIP code affect renters insurance rates in Massachusetts?

Your ZIP code is one of the biggest factors insurers use to set rates. Local risks like theft, fire and weather claims can drive premiums up or down, so two renters with the same coverage may pay very different prices.

In Massachusetts, rates range from about $203 in 1436 to $325 in 2203. Here are the cheapest and most expensive ZIP codes for renters insurance in Massachusetts.

Why your ZIP code affects renters insurance costs

Insurers use local risk data to calculate renters insurance premiums, which means rates can vary significantly by neighborhood and ZIP code.

Factors that affect renters insurance rates include:

Local theft and vandalism rates
Weather risks such as hurricanes, floods, or wildfires
Fire claims and rebuilding costs in your area

Even moving a few ZIP codes away can affect your monthly premium.

What are the most affordable ZIP codes for renters insurance in Massachusetts?

In Massachusetts, your ZIP code plays a major role in determining your premiums. Based on our data, 1436 is the most affordable ZIP code for renters insurance, with an average annual cost of $203.

ZIP codes with lower theft rates and fewer severe weather claims tend to have more affordable renters insurance premiums.

ZIP code	City	Average annual rate	Average monthly rate
1436	Baldwinville	$203	$17
1430	Ashburnham	$204	$17
1331	Athol	$204	$17
1005	Barre	$204	$17
1740	Bolton	$204	$17
1506	Brookfield	$204	$17
1507	Charlton	$204	$17
1510	Clinton	$204	$17
1434	Devens	$204	$17
1515	East Brookfield	$204	$17

What are the least affordable ZIP codes for renters insurance in Massachusetts?

2203 is the most expensive ZIP code for renters insurance in Massachusetts, at an average cost of $325 annually or $27 monthly.

Here are the average annual renters insurance rates for every ZIP code in Massachusetts, based on quotes from major insurers.

ZIP code	City	Average annual rate	Average monthly rate
2203	Boston	$325	$27
2564	Siasconset	$316	$26
2573	West Chop	$315	$26
2554	Nantucket	$309	$26
2552	Menemsha	$307	$26
2137	Readville	$307	$26
2637	Cummaquid	$298	$25
2647	Hyannis Port	$298	$25
2535	Chilmark	$297	$25
2539	Edgartown	$297	$25

How to lower your renters insurance, even in a high-cost ZIP code

Compare at least 3 quotes – rates for the same coverage can vary by $100+ between insurers in the same ZIP code
Bundle with auto insurance to save 5% to 15% on your renters policy
Ask about safety device discounts for smoke detectors, deadbolts, security systems, and smart-home monitoring
Raise your deductible from $500 to $1,000 to save around 10%
Check claims-free discounts if you haven’t filed a claim in 3+ years

Is renters insurance worth it in Massachusetts?

For the vast majority of renters in Massachusetts, a renters insurance policy is a smart financial decision. It covers your personal belongings against fire, theft, vandalism, and certain disasters, and provides liability protection if a guest is injured in your home.

Data from the US Department of Commerce, US Census Bureau, and American Community Survey shows that roughly 48% of renter households in the US spend more than 30% of their income on housing costs – which means every recurring expense, including insurance, deserves careful consideration.

The best approach is to compare policies rather than just prices. Coverage quality, deductibles, and customer service all factor into whether a policy is actually good value. Paying a little more for stronger coverage often makes sense when it’s time to file a claim.

Frequently asked questions

What does renters insurance actually cover?

A standard renters insurance policy covers personal belongings, liability, and additional living expenses if your rental becomes unlivable. It protects against losses from events like fire, theft, and vandalism, and can cover legal or medical costs if someone is hurt on your property. Always check the specific limits and exclusions in any policy you’re considering.

Do I really need renters insurance in Massachusetts?

While renters insurance isn’t legally required in most cases, it provides real financial protection that’s hard to replicate otherwise. Even a basic policy can cover thousands of dollars in losses from theft, fire, or accidental damage – costs that would otherwise come straight out of pocket. Many landlords in Massachusetts also make renters insurance a condition of the lease.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

How much is renters insurance in other states

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$300/Year

$224/Year

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Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.