National Association of Real Estate Editors member
Bylines include Forbes, Bankrate, and CBS News
Aly is a reporter specializing in real estate, mortgages, and personal finance. You can find her work in Hearst newspapers and numerous financial publications.
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
Why you can trust Insurify: Comparing accurate insurance quotes should never put you at risk of spam. We earn an agent commission only if you buy a policy based on our quotes. Our editorial team follows a rigorous set of editorial standards and operates independently from our insurance partners. Learn more.
The average annual cost of home insurance in Massachusetts is $1,863 for a policy with a $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data.
Having comprehensive home insurance coverage is critical in Massachusetts, as the state has seen increased extreme weather events over the last few decades. The state experienced 23 weather-related disasters between 1990 and 2019. Heavy downpours alone increased 71% from 1958–2010.[1]
AIG and Narragansett Bay Insurance have the cheapest home insurance in Massachusetts, with premiums averaging well under $1,000 annually.
Massachusetts home insurance for $300,000 in dwelling coverage is more than $500 cheaper than the national average of $2,377 per year for the same coverage level.
Standard home insurance policies don’t cover flood damage, so you may want to add a flood policy to your coverage in Massachusetts if you live in a high-risk area.
Best home insurance companies in Massachusetts
Many insurance companies offer home insurance coverage in Massachusetts. The right one for your household will depend on your needs, budget, and preferences. Here’s a look at some of the top insurers.
Insurance Company
▲▼
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
▲▼
Average Annual Premium
▲▼
Best For
▲▼
AIG
N/A
$755
Cheapest rates
Narragansett Bay
N/A
$809
Personalized coverage
State Farm
4.1
$1,437
Discounts
USAA
4.0
$1,550
Customer service
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$63/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$109/mo
If you’re looking to minimize the costs of insuring your Massachusetts home, AIG is one of the best insurance companies to consider. The company’s average annual premium (for $300,000 in coverage) is just $755 per year.
AIG even offers help with water damage prevention — something important in a state with increased flooding events — and has cyber protection add-ons to protect your identity and assets online, too.
Pros
Cheapest premiums in Massachusetts
Available add-on protections against water damage, cyber threats, and more
Cons
Policies not available online
Only for high-value homes/high-net-worth homeowners
Best insurer for personalized coverage: Narragansett Bay
For more hands-on, personalized insurance guidance in Massachusetts, Narragansett Bay is a good option. In addition to its wide range of coverages (including flood insurance policies), the company also offers its ShelterPride program.
With this program, a Narragansett representative visits your home to ensure you have the proper coverage for all its features and elements, based on the current market prices and replacement costs. If they find your home is over-insured, you may see a reduction in your premium.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$121/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$176/mo
If you’re looking to reduce your premium through discounts, State Farm is a great choice for homeowners insurance in Massachusetts. The company offers discounts for bundling your insurance with other policies; having fire, smoke, burglar, or other security alarm systems installed in your home; and installing certain roofing products.
State Farm also has the sixth-lowest average premium out of all 24 insurers Insurify analyzed in Massachusetts.
Pros
Above-average J.D. Power customer satisfaction rating
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.4/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$133/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$185/mo
If you’re eligible for USAA coverage in Massachusetts, you may want to consider it, as the company has the highest J.D. Power customer satisfaction ratings around. The company scored 881 out of 1,000 on J.D. Power’s 2023 U.S. Home Insurance Study — higher than all other insurance companies analyzed.
USAA also offers a wide range of available discounts, and you can file a claim online.
Pros
High customer satisfaction ratings
Many available discounts
Cons
Not all homeowners are eligible
Higher premiums than some other insurers
Cheapest home insurance in Massachusetts
Whether you’re in Boston, Cape Cod, or somewhere in between, the cheapest home insurance company in Massachusetts is AIG. Its average annual premium is $755, and its monthly premium is just $63 for $300,000 in dwelling coverage.
In the table below, you can see how AIG measures up to other affordable insurers in Massachusetts.
Insurance Company
▲▼
Average Annual Premium
▲▼
AIG
$755
Narragansett Bay
$809
Commerce Group
$1,006
Universal P&C
$1,209
Andover Companies
$1,322
State Farm
$1,437
Safety Group
$1,476
Quincy Mutual
$1,527
USAA
$1,550
Vermont Mutual
$1,550
Find Home Insurance in Massachusetts
Compare quotes from the top 100+ insurance companies
Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Cost of homeowners insurance in Massachusetts
The average cost of homeowners insurance for $300,000 in dwelling coverage is $1,863 annually in Massachusetts, according to Insurify data. The national average for the same amount of coverage is $2,377.
Good to Know
The exact premium you’ll pay for your home could be more or less depending on the types and amounts of coverage you choose, your ZIP code, your insurer, the deductible on the policy, your home’s size and features, and the discounts you’re eligible for.[2]
Cost of homeowners insurance by dwelling coverage amount
The more dwelling coverage you select, the higher your home insurance premiums will be. This is because your insurer takes on more of the responsibility and will have to pay out more if your home is a total loss and you have to rebuild.
Below, you can see how the coverage limit you select can affect how much you’ll pay for home insurance coverage.
Coverage Limit
▲▼
Average Annual Premium
▲▼
$100,000
$933
$200,000
$1,405
$300,000
$1,863
$400,000
$2,342
$500,000
$2,839
Cost of homeowners insurance by deductible
Your home insurance deductible is the amount you must pay out of pocket before your insurance company will kick in and cover a claim. The higher the deductible you choose (meaning you pay more if you file a claim), the lower your home insurance premium will usually be.