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The Best Home Insurance Companies in Massachusetts 2022

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    A homeowners policy is considered a worthwhile investment. Reviews evaluated several insurance providers to determine the 3 best Massachusetts home insurance companies. Based on our research, Allstate is the best home insurance company for premium and deductible options, Travelers is the best home insurance company for endorsements, and Chubb is the best home insurance company for added perks. These companies were evaluated based on average price, AM Best financial strength, J.D. Power overall customer satisfaction scores, add-on coverages available, and discounts offered by each provider.

    Reviews.com used 2021 Quadrant Information Services data from Bankrate.com to map the average home insurance premium, and a unique in-house methodology to compare discounts, coverage, and third-party evaluations to rank and review the best home insurance in Massachusetts. Compare quotes from carriers that provide home insurance in Massachusetts to make sure you get the best homeowners insurance rates available.

    The 3 Best Homeowners Insurance Companies in Massachusetts

    • Allstate: Best Massachusetts Home Insurance for Premium and Deductible Options
    • Travelers: Best Massachusetts Home Insurance for Endorsements
    • Chubb: Best Massachusetts Home Insurance for Added Perks

    Compare the Best Home Insurance Companies in Massachusetts

    AVERAGE ANNUAL PREMIUM* AM Best Financial Strength AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. J.D. Power Overall Customer Satisfaction** J.D. Power scores are based on surveys for customer satisfaction and product quality.
    Pin Allstate$877A+829/1,000
    Pin Travelers$1,300A++803/1,000
    Pin Chubb$1,753A++871/1,000

    Information accurate as of July 2021

    *Data provided by Bankrate.com for $250,000 in dwelling coverage

    **J.D. Power 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    Best Massachusetts Homeowners Insurance Companies

    Allstate

    Best For Premium and Deductible Options

    Why we chose it

    Allstate offers two unique ways to save on home insurance: Claim RateGuard and Deductible Rewards. Policyholders with these safeguards won’t see an increase in premiums for filing a claim one time in five years with Claim RateGuard, and can get $100 off deductibles, plus an extra $100 off for every year without a claim.
    • $877* Average Premium Pricing data comes from our partners at Bankrate.com.
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Allstate offers two unique ways to save on home insurance: Claim RateGuard and Deductible Rewards. Policyholders with these safeguards won’t see an increase in premiums for filing a claim one time in five years with Claim RateGuard, and can get $100 off deductibles, plus an extra $100 off for every year without a claim.

    Pros

    • More-than-average additional coverage options
    • Claims-free rewards
    • Digital home inventory app available

    Cons

    • High customer complaint ratings
    • Average customer satisfaction rating
    Read More

    Add-on Coverage

    • ID theft
    • Eco-friendly improvements
    • Sports/musical equipment
    • Yard and garden
    • Water backup

    Discounts Available

    • Auto-pay
    • Homebuyer discount
    • 10% welcome discount
    • Early signing discount
    • And more

    More Allstate Insurance Reviews

    Information accurate as of July 2021

    *Data provided by Bankrate.com

    **J.D. Power 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    Travelers

    Best For Endorsements

    Why we chose it

    AIG offers home insurance for high-value homes, so it may be a great option for homeowners who need coverage beyond-basic limits, as well as extra coverage for valuables.
    • $1,300* Average Premium Pricing data comes from our partners at Bankrate.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 803** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    AIG offers home insurance for high-value homes, so it may be a great option for homeowners who need coverage beyond-basic limits, as well as extra coverage for valuables.

    Pros

    • Multiple endorsements available
    • Excellent financial strength

    Cons

    • Lower-than-average customer service rating
    • Higher-than-state-average premium
    Read More

    Add-on Coverage

    • Special personal property
    • Personal articles floater
    • Green home coverage
    • Water backup
    • Identity Fraud

    Discounts Available

    • Multi-policy
    • Home buyer
    • Loss free
    • Protective device
    • Green home

    MORE TRAVELERS INSURANCE REVIEWS

    Information accurate as of July 2021

    * Data provided by Bankrate.com

    **J.D. Power 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    Chubb

    Best For Added Perks

    Why we chose it

    Chubb specializes in high end homes and added coverage perks, which may be ideal for homeowners who are looking for high coverage limits for their dwelling, personal property, and liability, with customized coverage.
    • $1,753* Average Premium Pricing data comes from our partners at Bankrate.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 871** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Chubb specializes in high end homes and added coverage perks, which may be ideal for homeowners who are looking for high coverage limits for their dwelling, personal property, and liability, with customized coverage.

    Pros

    • High customer satisfaction
    • Numerous, easy to achieve discounts
    • Members get a variety of freebies

    Cons

    • Specializes in high end homes
    Read More

    Coverage perks

    • Extended replacement cost
    • Risk consulting
    • Replacement cost coverage
    • Cash settlement

    Discounts Available

    • Home safety features
    • Policy bundling
    • Newly built home
    • Recently renovated home
    • Gated community
    • Claims-free

    Information accurate as of July 2021

    *Data provided by Bankrate.com

    **J.D. Power 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    Average Cost of Homeowners Insurance in Massachusetts

    According to our review of Bankrate.com’s 2021 quoted annual premiums from Quadrant Information Services, the average cost of home insurance in Massachusetts is $1,307 per year. This is nearly equal to the average premium for homeowners insurance in the U.S. which comes in at $1,312 annually. Although not the most weather-prone state in the country, home insurance costs in Massachusetts may be affected by the state’s harsh winter conditions. Depending on your specific ZIP code, claims history for that area may cause you to see higher or lower rates compared to the state average.

    Top 3 Cheapest Homeowners Insurance Companies in Massachusetts 

    • Quincy Mut Grp  — $731 average annual premium
    • ANDOVER Grp — $774 average annual premium
    • Allstate — $877 average annual premium

    Top 3 Most Expensive Homeowners Insurance Companies in Massachusetts

    • The Hanover — $1,927 average annual premium
    • NBIC Holdings Grp — $1,795 average annual premium
    • Chubb — $1,753 average annual premium

    Average Premium from Homeowners Insurance Companies in Massachusetts

    Using 2021 Quadrant Information Services data from Bankrate.com, we analyzed home insurance companies in the United States and compared the best homeowners insurance rates in Florida. We found that the average premium for home insurance in Massachusetts is $1,307 per year. However, homeowners may be able to find cheap home insurance rates, like $731 a year with Quincy.

    These are sample rates and should be used for comparative purposes only. Your quotes may be different.

    The coverage limits in the methodology are as follows:

    • Coverage A, Dwelling: $250,000
    • Coverage B, Other Structures: $25,000
    • Coverage C, Personal Property: $125,000
    • Coverage D, Loss of Use: $50,000
    • Coverage E, Liability: $300,000
    • Coverage F, Medical Payments: $1,000

    The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

    Common Home Insurance Perils in Massachusetts

    Most people living on the East Coast know that hurricane season can be particularly turbulent and cause significant damage and economic loss. In fact, according to the Environmental Protection Agency, extreme storm precipitation has increased 70% since 1958. Flooding is another peril associated with heavy precipitation and based on historical data, flooding is likely to worsen during winter and spring. Coastal towns are historically more vulnerable to storms and coastal flooding. Although they do not happen every year, Massachusetts is also prone to heavy snowstorms and blizzards.

    Add-On Home Insurance Coverage in Massachusetts

    In addition to basic coverages, like dwelling and personal property coverage, home insurance companies sell a variety of add-on policies that fill certain gaps. In Massachusetts, homeowners should consider purchasing flood insurance. Flood damage, which can come about after a hurricane or major storm, is not included with standard home insurance policies. In order to get protection, a separate flood insurance policy is necessary. The government offers flood insurance through the National Flood Insurance Program (NFIP).

    Homeowners Insurance FAQ

    Methodology

    We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers. 

    To compare home insurance companies across the board, we considered the following factors:

    • Coverage: The more options a home insurance company has for insurance add-ons and coverages, the higher it scores in our methodology.
    • Customer Experience: We reviewed the National Association of Insurance Commissioners’ National Complaint Index and compared each homeowners insurance company’s complaint rating.
    • Customer Satisfaction: With J.D. Power’s 2020 Home Insurance Satisfaction Study, we assigned a score to each company based on the rating it received.
    • Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each home insurance company’s financial stability.
    • Discounts: We reviewed and compared the number of discounts advertised on each home insurance company’s website. The more available discounts, the higher the score in this metric.

    Rates are based on quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.

    The coverage limits for home insurance rates reflect the following coverage and limits:

    • Coverage A, Dwelling: $250,000
    • Coverage B, Other Structures: $25,000
    • Coverage C, Personal Property: $125,000
    • Coverage D, Loss of Use: $50,000
    • Coverage E, Liability: $300,000
    • Coverage F, Medical Payments: $1,000

    The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

    About the Authors

    Jessie See

    Jessie See Contributing Writer

    Jessie has been writing professionally for over a decade with experience in a variety of different topics and industries. She currently resides in the beautiful Outer Banks where she works as a freelance writer and marketing professional full-time. With a bachelor’s degree in history, she is extremely passionate about studying the local culture and teaching others about the history of the area.

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