Best and Cheapest Renters Insurance in Massachusetts (2025)

In Massachusetts, State Farm is the best and cheapest renters insurance provider for $20K in personal property coverage. It has an average annual premium of $76 and a MoneyGeek score of 95 out of 100.

Although State Farm is the best overall provider, the best for you will depend on your needs. For instance, Amica is best for those who value service. Renters should choose based on their priorities to find the best coverage and service.

State Farm is the best renters insurance provider in Massachusetts, with a MoneyGeek score of 95 out of 100 and an average annual premium of $76 for $20K in personal property coverage. These are the top two renters insurance companies in Massachusetts for the same policy:

• State Farm: MoneyGeek score of 95 out of 100 ($76 per year)
• Amica: MoneyGeek score of 88 out of 100 ($122 per year)

State Farm has perfectly balanced customer satisfaction and affordability. However, the best provider for you will still depend on your individual needs.

State Farm offers the cheapest renters insurance in Massachusetts, with an average annual premium of $76 for $20,000 in personal property coverage. The following providers are the top two cheapest in Massachusetts for $20,000 in personal property coverage and a $1,000 deductible:

• State Farm: $76 per year
• The Andover Companies: $92 per year

Personal property coverage helps protect your belongings, such as furniture, electronics and clothing, from risks like theft, fire and water damage. Cheap renters insurance policies can have low personal property coverage limits. Opting for higher limits can raise your monthly costs but offers better protection if you have many personal belongings.

In Massachusetts, State Farm is the cheapest renters insurance company for $20K in personal property coverage with a $2,000 deductible, at an average annual premium of $70. For the same coverage with a $2,000 deductible, the following providers are the top two cheapest in Massachusetts:

• State Farm: $70 per year
• The Andover Companies: $86 per year

A deductible is the amount you pay out of pocket before your insurance kicks in. A deductible affects your costs by increasing the amount you pay upfront. However, this can lower your premiums. The table below shows how rates change.

Amica is the best renters insurance company for service quality in Massachusetts. It offers $20K in personal property coverage at an average annual premium of $122. These are the top two best providers in Massachusetts for those who value excellent customer service and need $20K in personal property coverage:

• Amica: MoneyGeek score of 98 out of 100 ($122 per year)
• Travelers: MoneyGeek score of 98 out of 100 ($212 per year)

Excellent customer service is crucial for renters because it ensures timely responses and helpful support, ensuring you get assistance when you need it. For example, when you make a claim, excellent customer service means getting detailed, empathetic and quick assistance, making the process less stressful.

In Massachusetts, State Farm offers the best renters insurance for renters needing $100K in personal property coverage, with an average annual premium of $176. These are the top two best providers in Massachusetts for $100K in personal property coverage:

• State Farm: MoneyGeek score of 95 out of 100 ($176 per year)
• Amica: MoneyGeek score of 93 out of 100 ($311 per year)

Renters with more personal belongings should consider higher personal property coverage. This insurance protects your possessions from theft, damage or loss. However, increased coverage typically results in higher premiums, so it’s crucial to find a provider that balances cost with excellent service. This balance ensures you have sufficient coverage for your valuables without overspending.

State Farm is the best renters insurance company for those with military backgrounds in Massachusetts. It offers $20K in personal property coverage at an average annual premium of $76. These are the top two best providers in Massachusetts for military members who need $20K in personal property coverage:

• State Farm: MoneyGeek score of 95 out of 100 ($76 per year)
• Amica: MoneyGeek score of 88 out of 100 ($122 per year)

For military members, finding the best provider means prioritizing customer service and affordability. This balance is crucial because military life often involves frequent relocations and unique coverage needs. Choosing an insurance provider that excels in both areas ensures you get the best protection and support.

The average cost of renters insurance in Massachusetts is $149 annually or $12 monthly. This cost is $3 more annually than the national average of $146 per year ($12 monthly). These rates are based on a policy with $20,000 in personal property limits, $100,000 in liability limits and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Massachusetts may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, fire or other covered events. Use the tool below to get an estimate for your renters insurance based on your needs.

The average cost for renters insurance varies not only by state but also by city. For example, the average cost of renters insurance in Boston is $171 annually, while in Cambridge, it is $140 annually. These rates are based on a renters insurance policy with $20,000 in personal property limits, $100,000 in liability limits, a $1,000 deductible and a good credit score. Check the average cost in your city using the table below.

Multiple factors impact the cost of renters insurance in Massachusetts, including location, coverage amount and deductible. Understanding these factors is important for renters to make informed decisions and manage their expenses effectively.

• Location: Areas with higher crime rates or natural disaster risks can lead to higher premiums.
• Coverage Amount: More coverage means higher premiums as insurers take on more risk.
• Deductible: Choosing a lower deductible can increase your premium because it reduces out-of-pocket costs in case of a claim.
• Credit Score: A lower credit score can result in higher premiums because insurers may use it to indicate higher risk.
• Claims History: Frequent past claims can lead to higher premiums as they indicate a higher likelihood of future claims.

Determining your personal property coverage involves creating a personal inventory of all your belongings at home. A personal inventory is a detailed list of all the items you own, including their value and condition. Here’s how to create a personal inventory to determine your personal property coverage:

1. List all items: Go through each room and write down all your belongings.
2. Categorize items: Group similar items, such as electronics, furniture and clothing.
3. Note values: Record the purchase price or estimated value of each item.
4. Take photos: Photograph each item for visual proof of ownership and condition.
5. Store inventory safely: Keep a digital copy of your inventory and store it in a secure location, such as cloud storage.

Renters insurance is mainly there to cover your personal belongings in case of damage, but it can also cover other things like personal liability and loss of use. Here’s a breakdown of what renters insurance typically covers:

• Personal Property Coverage: This covers your belongings if they are damaged or stolen. For example, if your apartment in Massachusetts is burglarized, your renters insurance can help replace stolen items.
• Personal Liability Coverage: This covers legal expenses if someone is injured in your rental. For instance, if a guest slips and falls in your Massachusetts apartment, your insurance can cover medical and legal costs.
• Loss of Use Coverage: This covers additional living expenses if your rental becomes uninhabitable. For example, if a fire damages your Massachusetts apartment, your insurance can cover hotel stays and meals under loss of use.

Renters insurance only covers specific circumstances, such as fire, theft and certain natural disasters. Understanding these covered circumstances is crucial to ensure you are adequately protected. Here are some situations typically covered by renters insurance:

• Fire
• Theft
• Storms
• Vandalism
• Water damage (not from floods)

Renters insurance does not cover everything; for example, it typically excludes flood damage. Here are some common exclusions to be aware of:

• Flood Damage: Renters insurance does not cover damage caused by flooding.
• Pest Infestations: Damage caused by pests like rodents or insects is usually not covered.
• High-Value Items: Expensive items such as jewelry or electronics may not be fully covered without additional riders.
• Roommate Belongings: Your roommate's belongings are not covered under your renters insurance policy.

Choosing the best renters insurance provider depends on your specific needs, such as coverage options and budget. To help you make an informed decision, we've answered some of the most frequently asked questions about renters insurance.