The Best Cheap Home Insurance in Massachusetts for 2022

Preferred Mutual is the cheapest home insurance company in Massachusetts, with an average annual rate of $712.

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Homeowners in Massachusetts can expect to pay less for insurance than those in other states. The average cost of home insurance in Massachusetts is $1,261 a year, which is $500 less than the national average of $1,784.

NerdWallet analyzed policy rates from 17 different insurers for a home built in 1997 with $300,000 in dwelling coverage and a $1,000 deductible to determine the best and cheapest homeowners insurance in Massachusetts. But these rates are just estimates, and yours may be different.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data, and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

The cheapest homeowners insurance in Massachusetts

The following table lists companies with an average annual homeowners rate below the Massachusetts state average of $1,261 per year. We’ve included the NerdWallet star rating for companies we’ve reviewed.

Company

Average annual rate

NerdWallet star rating

Preferred Mutual

$712

4.0

NerdWallet rating 

Quincy Mutual

$782

4.0

NerdWallet rating 

Vermont Mutual

$794

Not rated.

Plymouth Rock

$881

4.5

NerdWallet rating 

Arbella

$968

Not rated.

$979

3.5

NerdWallet rating 

Narragansett Bay

$1,140

3.0

NerdWallet rating 

$1,147

4.0

NerdWallet rating 

N&D Group

$1,169

Not rated.

Universal Property

$1,231

2.5

NerdWallet rating 

Andover Companies

$1,239

Not rated.

Your own coverage needs may differ from the sample policy above, and these companies may not be the cheapest for you. You should shop around and compare quotes from multiple companies to be sure you’re getting the best rate.

Here’s more information on a few of the companies from the table above.

The cheapest home insurance company: Preferred Mutual

Preferred Mutual offers the cheapest home insurance in Massachusetts, with an average annual rate of $712, almost $550 below the state average. The company has strong customer satisfaction and financial strength, which contributes to its NerdWallet 4-star rating.

On top of its standard home insurance, Preferred Mutual offers optional coverage for identity fraud coverage, above-ground pools and valuable items like art, jewelry and furs. Discounts are available for bundling your home and auto insurance, owning a home built less than 20 years ago, being a non-smoker and having a hard-wired generator.

Policies can be purchased from an independent agent, which can be found using the company’s agent locator. Claims can be filed online or over the phone.

The best of the cheapest: Plymouth Rock

Plymouth Rock’s average annual rate of $881 — almost $400 below the state average — and NerdWallet 4.5-star rating make it the best of the cheapest home insurance companies in Massachusetts. Not only does the company offer a variety of coverage types and discounts to choose from, it also has low complaints to state regulators for a company of its size.

The company offers optional coverage types like guaranteed replacement cost, identity monitoring and theft-expense reimbursement, credit card coverage and water back-up and sump overflow coverage, plus home systems breakdown coverage if equipment like your furnace or air conditioner breaks down.

Many discounts are available, including discounts for new customers, going at least five years without filing a claim, owning a new home and getting a quote at least a week before coverage is scheduled to begin. You can get a policy and file a claim online or over the phone.

Worth considering: Quincy Mutual

Quincy Mutual is the second cheapest company in the state, with an average annual rate of $782, which is around $1,000 below the national average. It also received a NerdWallet 4-star rating, due in part to the company’s strong customer satisfaction and financial strength.

In addition to standard home insurance coverage, Quincy Mutual’s policies include identity theft monitoring. The company also offers equipment breakdown and service line coverage. Quincy Mutual’s discounts include savings for bundling your home and auto insurance, having smoke detectors and other alarms installed, owning a home built within the last 15 years, and going at least three years without filing a claim.

Policies must be purchased from an agent, and claims can be filed online or over the phone.

The cheapest Massachusetts homeowners insurance for different scenarios

We looked at rates for several scenarios that can affect home insurance costs. For example, new homes typically cost less to insure, while a recently filed claim in your history may increase your premium. Here are the cheapest home insurance companies in Massachusetts for some of these common situations.

The cheapest homeowners insurance in Massachusetts for those with a claims history

You’ll pay more if you’ve filed a claim within the last few years, so we analyzed rates for homeowners who’ve filed a recent water claim in Massachusetts. Below are the cheapest companies, on average.

Company

Average annual rate

NerdWallet star rating

Preferred Mutual

$712

4.0

NerdWallet rating 

Quincy Mutual

$822

4.0

NerdWallet rating 

Vermont Mutual

$986

Not rated.

Arbella

$1,039

Not rated.

Mapfre

$1,061

3.5

NerdWallet rating 

We also analyzed rates for Massachusetts homeowners who’ve filed a recent windstorm claim:

Company

Average annual rate

NerdWallet star rating

Preferred Mutual

$712

4.0

NerdWallet rating 

Quincy Mutual

$822

4.0

NerdWallet rating 

Mapfre

$979

3.5

NerdWallet rating 

Vermont Mutual

$986

Not rated.

Arbella

$1,039

Not rated.

The cheapest homeowners insurance in Massachusetts for newer homes

You’re more likely to pay less than the state average for home insurance if you’ve purchased a new home. Below are Massachusetts’ cheapest companies on average for a home built in 2021.

Company

Average annual rate

NerdWallet star rating

Preferred Mutual

$591

4.0

NerdWallet rating 

Vermont Mutual

$608

Not rated.

Quincy Mutual

$631

4.0

NerdWallet rating 

Plymouth Rock

$672

4.5

NerdWallet rating 

USAA*

$736

5.0

NerdWallet rating 

*USAA generally serves the military community. Its homeowners insurance policies are not available to everyone.

The cheapest homeowners insurance in Massachusetts for higher deductibles

Increasing your deductible — how much you pay if you file a claim — is a guaranteed way to lower your home insurance costs. Below are the cheapest companies in Massachusetts, on average, for a policy with a $2,500 deductible.

Company

Average annual rate

NerdWallet star rating

Preferred Mutual

$600

4.0

NerdWallet rating 

Vermont Mutual

$703

Not rated.

Quincy Mutual

$722

4.0

NerdWallet rating 

Plymouth Rock

$732

4.5

NerdWallet rating 

Arbella

$903

Not rated.

Average homeowners insurance cost in Massachusetts by city

How much you pay for home insurance in Massachusetts will depend greatly on your ZIP code. For example, homeowners in Boston pay an average of more than $1,500 a year for coverage while those in Waltham pay closer to $1,100 on average.

Below are the average home insurance rates in some of Massachusetts’ largest cities.

City

Average annual rate

Average monthly rate

Boston

$1,584

$132

Brockton

$1,544

$129

Brookline

$1,372

$114

Cambridge

$1,159

$97

Fall River

$1,582

$132

Framingham

$1,109

$92

Haverhill

$1,169

$97

Lawrence

$1,351

$113

Lowell

$1,153

$96

Lynn

$1,537

$128

Malden

$1,100

$92

Medford

$1,091

$91

New Bedford

$1,717

$143

Newton

$1,097

$91

Plymouth

$1,725

$144

Quincy

$1,254

$104

Somerville

$1,147

$96

Springfield

$1,321

$110

Waltham

$1,090

$91

Worcester

$1,263

$105

What to know about Massachusetts homeowners insurance

Here are a couple of things to keep in mind when evaluating home insurance options in Massachusetts.

Nor’easters

Nor’easters, or northeast coastal storms, can cause damage similar to a hurricane. These storms typically occur between the months of October and May and may cause high winds, heavy snow or rainfall, and flooding. While home insurance commonly covers damage from high winds, it likely won’t cover water damage from flooding. You’ll need a separate flood insurance policy for that.

Flooding

Massachusetts can experience flooding, and flood damage is usually not covered by homeowners insurance. If you live in a high-risk flood zone, like along a lake or river, you’ll likely be required by your mortgage lender to purchase flood insurance. But you could be at risk no matter where you live, so flood insurance may be worth considering even if you don't live in a high-risk zone. You can use the Federal Emergency Management Agency's flood maps to see the likelihood of flooding in your area.

How to get cheaper Massachusetts home insurance

Here are some tips to help you save on home insurance in Massachusetts.

  • Protect your home. Insurers usually offer discounts for installing devices like smoke and burglar alarms, smart-home devices, sprinkler systems and deadbolts.

  • Bundle with car insurance. You can typically save if you buy more than one policy from the same company. Learn more about how you can save by bundling home and auto insurance.

  • Shop around. NerdWallet recommends homeowners shop for home insurance quotes once a year to get the best rate. Compare quotes from at least three companies, and be sure you’re looking at equal coverage limits and deductibles.

For more ideas, read our article on how to lower homeowners insurance rates.

Massachusetts Division of Insurance

You can file a complaint against your insurance company or learn more about how home insurance works from Massachusetts’ Division of Insurance. Its website offers a list of insurers available in the state and resources to help homeowners understand their policies, plus the option to submit a complaint online. Assistance is available by calling 617-521-7794.

Looking for more insurance in Massachusetts?

Frequently asked questions

Massachusetts home insurance costs an average of $105 per month, or $1,261 per year, for homeowners with $300,000 in dwelling and liability coverage, no recent claims and a $1,000 deductible.

Home insurance isn’t required by law, but if your home is financed, your mortgage lender will likely need you to have it. Home insurance can be a good idea even if you don’t have a mortgage since an unexpected disaster could cause damage that is expensive to repair.

Your home insurance policy may cover mold damage if the damage is from a repair that was covered by your insurer, or if it was the fault of a contractor. However, if the mold is from water damage resulting from your own negligence, you’re likely responsible for its removal. Learn more about if homeowners insurance covers mold.

Methodology

NerdWallet averaged rates for 40-year-old homeowners from a variety of insurance companies in every ZIP code across all 50 states and Washington, D.C. Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1997. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

  • $1,000 in medical payments coverage.

We used the same assumptions for all other homeowner profiles, with the following exceptions:

  • For homeowners with a claims history, we added a single wind or water damage claim.

  • To see the effect of changing your deductible, we raised the deductible from $1,000 to $2,500.

  • For homeowners with newer homes, we changed the year the house was built to 2021.

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for homeowners with poor credit. In states where credit isn’t taken into account, we only used rates for “good” credit.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

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