Best Homeowners Insurance in Massachusetts (2024)


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Updated: October 3, 2024

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Chubb is Massachusetts' top home insurance company, tailored to meet your specific requirements. It is also the best provider those with new homes. For cost-conscious individuals, State Farm is the most budget-friendly option. Amica is the leading choice for more extensive dwelling coverage.

Our analysis is generally based on a $100,000 dwelling coverage limit. The amount of dwelling coverage you need affects your rate. If saving money is a priority, explore the cheapest home insurance in Massachusetts, particularly when service quality is a secondary consideration.

MoneyGeek Logo IconBest HomeInsuranceMassachusetts
2024

Why Trust MoneyGeek? To determine the best homeowners insurance options in Massachusetts, we compiled quotes and information from the Massachusetts Division of Insurance and Quadrant Information Services, ensuring that data and industry standards back our recommendations.

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Home insurance rates in Massachusetts represent the latest quotes as of July 2024.

276,480Quotes Analyzed
 
8Companies Compared
 
15ZIP Codes

Overall Best Homeowners Insurance in Massachusetts

Chubb provides the best home insurance in Massachusetts. Below are the best homeowners insurance providers for robust home protection:

  • Chubb: MoneyGeek score of 88 out of 100 ($814 per year)
  • State Farm: MoneyGeek score of 84 out of 100 ($526 per year)

In Massachusetts, homeowners have a host of choices for insurance that vary in cost and service quality. It's essential to strike the right balance to ensure you get an affordable rate and service that meets your needs. Always consider both factors when choosing a policy that's right for you.

Company logo for Chubb
Best OverallChubb
MoneyGeek Score:
88/ of 100

Overview

Chubb leads the Massachusetts home insurance market, ranking first for coverage. Its average premium is $814 per year.

Chubb's policy offerings include cash settlement coverage, providing homeowners flexibility following a total loss. If you opt not to rebuild, the company offers a cash payout up to your policy limit, which can be invaluable in starting anew. Its risk consulting service offers personalized industry-leading advice to protect your home from potential hazards, supporting proactive risk management and safety. With these reasonably rare coverage options, homeowners gain peace of mind and tailored protection for their unique circumstances.

Best Homeowners Insurance in Massachusetts for Customer Service

Amica is the best home insurance provider in Massachusetts, specifically excelling in service quality. Those seeking optimal home protection can find the finest service quality among these insurers:

  • Amica: MoneyGeek score of 94 out of 100 ($1,568 per year)
  • Chubb: MoneyGeek score of 83 out of 100 ($814 per year)

Valuing service quality in a home insurance provider means prioritizing excellent customer support, efficient claims handling and overall reliability. Homeowners should opt for high service quality to ensure a swift and hassle-free response, like quick aid after a storm damages a roof.

Company logo for Amica Mutual
Best for ServiceAmica Mutual
MoneyGeek Score:
94/ of 100

Overview

Amica in Massachusetts boasts a perfect customer satisfaction score, indicating its commitment to exceptional service quality. Its average annual premium is a competitive $1,568.

Amica offers homeowners coverages such as home business property, extending protection to business equipment. Its loss assessment coverage provides additional security for property owners in shared spaces. These coverages offer peace of mind beyond standard policies, catering to today’s diversely used homes.

Best Cheap Homeowners Insurance in Massachusetts

State Farm offers the best affordable homeowners insurance in Massachusetts for those on a tight budget. The providers below are the top two best and cheapest homeowners insurance options:

  • State Farm: MoneyGeek score of 92 out of 100 ($526 per year)
  • Chubb: MoneyGeek score of 91 out of 100 ($814 per year)

Although State Farm offers the cheapest premiums, this does not guarantee the best service. Considering the average cost of home insurance in Massachusetts, it is prudent to choose a company that provides a balance of low-cost premiums and top-notch service. For example, a family with valuable possessions might prioritize a higher coverage option even if it means a slight increase in premiums.

Company logo for State Farm
Best CheapState Farm
MoneyGeek Score:
92/ of 100

Overview

State Farm stands out in Massachusetts with a perfect affordability score, making it ideal for budget-conscious homeowners. Its average annual premium is $526.

State Farm caters to homeowners aiming for cost-efficiency with common discounts such as bundling and home security. Bundling allows saving by combining home insurance with other policies. The protective device discount rewards the installation of security systems, offering a two-fold benefit of safety and premium reduction. Additional offerings include scheduled personal property for valuables and building ordinance or law to cover costs of bringing a home up to code after covered damage.

Best Homeowners Insurance in Massachusetts for Expensive Homes

Amica is the top choice for homeowners with expensive homes in Massachusetts. The companies below are the premier options for those needing $1 million in dwelling coverage.

  • Amica: MoneyGeek score of 80 out of 100 ($7,567 per year)
  • Farmers: MoneyGeek score of 77 out of 100 ($3,453 per year)

Amica shines for its overall quality and affordability. For owners of expensive homes seeking insurance that balances value and protection, making the right choice is critical. With Amica, homeowners can enjoy peace of mind knowing they have excellent coverage at a competitive rate.

Company logo for Amica Mutual
Best for Expensive HomesAmica Mutual
MoneyGeek Score:
80/ of 100

Overview

Amica is the top home insurance provider for high-value homes in Massachusetts, with a high affordability score. Its average annual premium is $7,567.

Amica offers common discounts such as the bundle discount, which provides savings for combining home and auto policies. This can lead to even more affordable premiums, especially valuable for expensive homes requiring broader coverage.

The company offers additional protections like guaranteed replacement cost, ensuring complete rebuilding irrespective of cost. The back-up of sewer or drain coverage safeguards against water backup damage. These options offer homeowners peace of mind by extending beyond standard policies.

Best Homeowners Insurance in Massachusetts for New Homes

Chubb is the top home insurance provider in Massachusetts for new homes. These companies are the best and most affordable homeowners insurance providers for those with new homes:

  • Chubb: MoneyGeek score of 91 out of 100 ($2,433 per year)
  • Amica: MoneyGeek score of 66 out of 100 ($2,867 per year)

With high affordability and customer service scores, Chubb offers Massachusetts homeowners an exceptional balance of cost-efficient and reliable service. This blend ensures that those with new homes receive high-quality protection for their investment without compromising on customer care.

Company logo for Chubb
Best for New HomesChubb
MoneyGeek Score:
91/ of 100

Overview

Chubb is the top choice for those with new homes in Massachusetts, boasting a perfect affordability score and an average annual premium of $2,433.

Chubb's guaranteed replacement cost add-on can further safeguard your investment by covering the full cost to rebuild your home in case of a total loss, even if exceeding the policy limit. Its new home discount grants a price reduction for newer properties. Its home renovation discount provides another opportunity for savings when you upgrade your home's systems. These incentives require owning a new home or making recent renovations.

Best Homeowners Insurance in Massachusetts for Veterans

Chubb is the top provider of homeowners insurance for veterans in Massachusetts, with exclusive offerings for military members, veterans and their families. These are the best and most economical providers for veterans and their families:

  • Chubb: MoneyGeek score of 86 out of 100 ($814 per year)
  • USAA: MoneyGeek score of 84 out of 100 ($1,269 per year)

The ideal homeowners insurance company for veterans recognizes their distinctive requirements, such as frequent moves and the possibility of deployment, ensuring homes and possessions remain secure.

Company logo for Chubb
Best for VeteransChubb
MoneyGeek Score:
86/ of 100

Overview

Chubb is the best home insurance provider for veterans in Massachusetts, boasting high affordability and customer satisfaction scores. Its average annual premium is $814.

Chubb's guaranteed replacement cost ensures full rebuilding costs without depreciation limits, which is crucial for safeguarding your home's value after a loss. Veterans can also appreciate Chubb's discounts, like the new home discount for owning a newer home. It also offers a home renovation discount when you make upgrades, providing financial ease for those who've served and are settling into civilian life with modern, secure homes.

How to Find the Best Homeowners Insurance in Massachusetts for You

The best homeowners insurance providers balance exceptional customer service and comprehensive coverage at competitive premiums. The ideal policy for you hinges on your requirements, such as the value of your home and personal belongings. These steps will guide you through finding a homeowners insurance policy that meets your specific needs.

1
Assess Your Insurance Needs

Initiate the process by evaluating how much home insurance coverage you need. A comprehensive understanding of your home's value, location and personal belongings will inform this decision.

2
Research Various Providers

Investigate multiple insurance companies to find those with a strong reputation for customer service, financial stability and timely claims resolution. Look into customer reviews and ratings from trusted financial rating organizations.

3
Compare Coverage and Costs

Examine the differences in the types of coverage, limits, deductibles and premiums offered by each insurer. It’s vital to strike a balance between adequate protection and affordability. Utilize resources to compare home insurance quotes effectively.

4
Understand the Policy Details

Carefully review the terms and conditions of the policies you’re considering. Pay particular attention to coverage exclusions, riders and the claims process to ensure you fully grasp what is and isn’t covered.

5
Consult With an Independent Agent

Engage with an independent insurance agent who can provide impartial advice tailored to your needs. They can assist in navigating the complexities of homeowners insurance and recommend options that align with your circumstances.

FAQ: Homeowners Insurance in Massachusetts

Choosing the best homeowners insurance provider in Massachusetts hinges on your specific requirements. As you navigate this decision, common questions arise, guiding you toward a policy that aligns with your needs. Explore these frequently asked questions to find clarity in your search for the ideal coverage.

Which insurance company is best for home insurance in Massachusetts?
Who has the most affordable homeowners insurance in Massachusetts?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.