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Best homeowners insurance in Massachusetts for 2022

Updated Dec 05, 2022
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How Bankrate chose the best home insurance companies in Massachusetts

When it comes to finding the best homeowners insurance in Massachusetts, Bankrate first reviewed average premium data from Quadrant Information Services. But price doesn’t give a full view of a carrier’s capabilities, so we also analyzed coverage offerings, discounts, digital tools and third-party ratings. We combined these metrics into our proprietary Bankrate Score model.

Each Score is on a scale from 0.0 to 5.0. The higher a company’s Bankrate Score, the more highly it ranked in the individual rating categories. You can use the Bankrate Score of each company to get a quick view of how competitive that company is across various metrics.

Best home insurance companies in Massachusetts

Bankrate’s extensive home insurance research found USAA, Allstate and Travelers to be among the best home insurance companies in Massachusetts. Most of the companies on our list offer average rates below the state average of $1,274 per year for $250,000 in dwelling coverage, based on our study of average rates sourced from Quadrant Information Services. Additionally, these companies offer competitive coverage options, unique and varied opportunities for home insurance discounts, strong financial strength ratings from AM Best and most were ranked in J.D. Power’s most recent 2022 Home Insurance Study.

USAA
Rating: 4.8 stars out of 5
4.8
Bankrate Score
Info Hover for more
J.D. Power
882
/1,000
AM Best
A++
Average monthly premium*
$75
Average annual premium*
$903
Get a quote
Allstate
Rating: 3.9 stars out of 5
3.9
Bankrate Score
Info Hover for more
J.D. Power
829
/1,000
AM Best
A+
Average monthly premium*
$83
Average annual premium*
$994
Get a quote
Travelers
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info Hover for more
J.D. Power
800
/1,000
AM Best
A++
Average monthly premium*
$104
Average annual premium*
$1,242
Get a quote
Amica
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info Hover for more
J.D. Power
854
/1,000
AM Best
A+
Average monthly premium*
$118
Average annual premium*
$1,415
Read review
J.D. Power
Not rated
AM Best
A
Average monthly premium*
$88
Average annual premium*
$1,052
Get a quote
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Average premiums based on $250,000 in dwelling coverage.
USAA not officially ranked with J.D. Power due to eligibility restrictions

Best home insurance company for military-focused coverage

J.D. Power:
882 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 903
USAA Insurance review

Explore Bankrate's review

Best home insurance company for savings opportunities

J.D. Power:
829 /1,000
AM Best:
A +
Avg. annual premium for 250k dwelling
$ 994
Allstate Insurance review

Explore Bankrate's review

Best home insurance company for customizable coverage

J.D. Power:
800 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,242
Travelers Insurance review

Explore Bankrate's review

Best home insurance company for customer satisfaction

J.D. Power:
854 /1,000
AM Best:
A +
Avg. annual premium for 250k dwelling
$ 1,415
Amica Insurance review

Explore Bankrate's review

Best home insurance company for local agents

Arbella

J.D. Power:
Not rated
AM Best:
A
Avg. annual premium for 250k dwelling
$ 1,052
Arbella Insurance review

Explore Bankrate's review

How much is homeowners insurance in Massachusetts?

The average cost of homeowners insurance in Massachusetts is $1,274 per year for $250,000 in dwelling coverage, which is cheaper than the national average of $1,383 per year. The state’s average annual premium is slightly higher compared to Connecticut, where the average cost of home insurance for $250,000 in dwelling coverage is $1,216 per year, and Rhode Island, where the average cost is $1,221 per year. All three states are susceptible to blizzards, ice storms and hurricanes along the coastline.

Home insurance in Massachusetts

If you live in Massachusetts, homeowners insurance could be an important consideration. Unless you can afford to pay for damage to your property and belongings and defend your liability if sued, most insurance professionals recommend purchasing home insurance in Massachusetts as a way to protect your finances from unexpected covered events.

Common causes of loss in Massachusetts

Massachusetts is susceptible to common causes of loss like blizzards, ice storms and storm surges that may damage homes. Hurricanes can also bring high winds and heavy rain to towns along the coastline. Additionally, some people may opt for flood insurance if their home is in a high-risk flood zone.

In 2020, there were nine catastrophic events that caused roughly $295.8 million in property damage in Massachusetts. Common causes of home damage in Massachusetts include:

  • Flooding: Flood damage can be catastrophic, especially in coastal towns. A 2021 report showed that about 45,000 Massachusetts homes are at substantial flood risk.
  • High winds: Coastal towns may see home damage caused by high winds and hurricanes, and even inland locations could be exposed to wind damage caused by strong storms.
  • Freezing and ice: Massachusetts often experiences freezing rain and ice in the winter months, which may damage the exterior of structures and cause frozen and burst pipes.
  • Snow: Heavy snow and blizzards are common across Massachusetts, especially in the western region. Massachusetts gets more snow than 42 other states, according to the World Population Review.

Home insurance coverage options in Massachusetts

You may want to consider adding optional home insurance coverage options to your Massachusetts homeowners insurance coverage for more tailored protection. For instance, you may want to think about purchasing:

  • Flood insurance: Most standard home insurance policies do not cover damage caused by flooding. Even if you aren’t in a high-risk flood zone, it might be useful to get a Massachusetts flood insurance quote to decide if the coverage is right for you.
  • Identity theft coverage: As we live in an increasingly digital world, identity theft is becoming more common. Many Massachusetts homeowners insurance companies offer this endorsement, which can help pay for legal fees and services like credit monitoring in the wake of an identity theft.
  • Sewer backup coverage: Sewer backups can occur when water or drain lines can’t properly funnel water away from your house, leaving it to back up into your living space. This commonly happens in basements or crawl spaces when sump pumps can’t keep up with heavy rains, but it can happen from any water line. To have coverage for this type of damage, you may need this endorsement.

Frequently asked questions

Written by
June Sham
Insurance Writer

June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies.

Edited by Insurance Editor
Reviewed by Senior wealth manager, LourdMurray