Average renters insurance cost in Massachusetts

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Renters in Massachusetts pay an average of $229 per year, or $19 per month for renters insurance. This is based on a standard policy covering $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – a reasonable baseline for most renters.

What you actually pay will depend on your coverage amount, which insurer you choose, and personal details like your ZIP code, claims history, and in some states, your credit score.

How much does renters insurance cost in Massachusetts?

The average monthly cost of renters insurance in Massachusetts is $19 for a policy with $40,000 in personal property coverage and $300,000 in liability protection. Premiums can shift depending on where you live, how much coverage you need, and the total value of your belongings – which is why getting quotes from several insurers is a smart move.

Generally speaking, raising your deductible lowers your monthly premium, while adding coverage for valuables like jewelry or electronics increases it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Massachusetts: Where to start

Renters insurance in Massachusetts averages $229 per year, or $19 per month for a standard policy
If you’re looking for the lowest price, State Farm tends to offer the most competitive rates in Massachusetts, averaging around $112 per year
Since pricing varies widely between providers, it pays to compare a few options before making a decision

Which companies offer the cheapest renters insurance in Massachusetts?

State Farm offers the most affordable renters insurance in Massachusetts, with an average annual cost of $112. Amica and Travelers are also worth considering if you’re looking to keep costs down.

Choosing the cheapest insurer isn’t always the best option, so it’s important to review coverage limits, deductibles, and available discounts alongside price. The table below shows average annual and monthly rates from a range of 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?

The average annual renters insurance premium in Massachusetts is $229, based on $40,000 in personal property coverage, $300,000 in liability, and a $1,000 deductible.

Dropping your personal property coverage from $40,000 to $20,000 could bring your annual cost down to around $153. Just make sure $20,000 would actually be enough to replace what you own before making that change.

The table below shows average annual premiums in Massachusetts at both the $20,000 and $40,000 personal property 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?

The right amount of coverage depends on the value of your belongings and how much financial risk you’re willing to take on. Most renters do well with $20,000 to $40,000 in personal property coverage and at least $300,000 in liability protection. If you own high-value items like jewelry or electronics, you may want to add endorsements on top of your base policy.

Renters insurance rates in Massachusetts by city

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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.

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 most renters in Massachusetts, renters insurance is well worth having. It protects your belongings against fire, theft, vandalism, and certain natural disasters, while also providing liability coverage if someone is injured in your home.

According to the US Department of Commerce, the US Census Bureau and American Community Survey â€“ over 48% of renter households in the US spend more than 30% of their income on rent and utilities, which means even smaller ongoing expenses like insurance are worth managing carefully.

Finding the right policy comes down to shopping around. Price matters, but it’s also important to review coverage options, deductibles, and customer satisfaction. Paying slightly more for better coverage can make a real difference when you need to file a claim.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance typically covers your personal belongings, liability protection and additional living expenses if your rental becomes uninhabitable. This includes damage or loss from events like fire, theft and vandalism, as well as legal or medical costs if someone is injured in your home. Coverage details vary by policy, so it’s important to review limits and exclusions.

Do I really need renters insurance in Massachusetts?

Renters insurance isn’t always required by law, but it’s often worth having because it protects your belongings and provides liability coverage. Even a basic policy can cover thousands of dollars in losses from theft, fire or damage, which can be costly to replace out of pocket. Many landlords also require renters insurance as part 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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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.