Protect your home and personal belongings with a homeowners insurance policy that can keep you safe from financial hardship after a natural disaster, fire, theft, or other covered peril.
To help you find the best home insurance companies in Massachusetts, the This Old House Reviews team researched the top homeowners insurance providers in the state and rated them on factors such as policy coverage, pricing, and benefits.
Massachusetts’ Top 3 Home Insurance Companies
1. Allstate: Best Overall
We recommend Allstate to Massachusetts homeowners for its impressive overall coverage, endorsements, customer service, and reputation. The company also offers helpful online resources during the quote process to ensure that you’re informed on all the coverage options you may need.
Other Allstate benefits include:
- 24/7 customer service
- An extensive list of endorsements for customizing your policy
- Discounts for early signing and auto pay
To see if Allstate coverage fits within your budget, get a customized online quote.
2. Lemonade: Quickest Sign-Up
Lemonade is relatively new to the home insurance industry, but it has strived to create a unique experience for customers. It has a sign-up tool on its website and mobile app that takes less than 90 seconds to complete to get a quote. Customers can also use the mobile app to manage their policy, make payments, connect with customer service, and submit claims.
Here are some other unique features offered by Lemonade:
- Has a helpful mobile app that uses AI technology
- Has a mission-driven donation program for charities
- Is more affordable compared to the other providers in this review
3. Travelers: Most Experience
Founded in 1864, Travelers is one of the most experienced homeowners insurance providers in the industry and is known for its wide range of personal property coverage and deductible options. For example, you can decrease your personal property coverage to 25 percent of your dwelling limit and increase your deductible up to $50,000 to make your premium as low as $40 per month.*
*Based on the quote our team received
Take advantage of the following benefits when purchasing a policy from Travelers:
- Claims center open 24/7
- A variety of personal property coverage options from 25 to 100 percent
- An add-on that decreases your deductible each year that you keep a policy
For a personalized quote, visit Travelers’ website.
Massachusetts Homeowners Insurance Coverage
Here are the typical coverage types included in standard homeowners insurance policies in Massachusetts:
- Dwelling—This covers the structure of a building. It pays for any necessary repairs or the rebuilding of your home if it gets destroyed during a covered peril. The amount of maximum coverage you need is typically equal to the appraised value of your house. Each insurer in this review has tools to help you determine how much dwelling coverage you need.
- Other structures—This includes coverage for other buildings that aren’t considered part of your home, such as a fence or shed in your yard. The maximum coverage amount typically equals 10 percent of your total dwelling limit.
- Liability—This coverage is critical for homeowners, since it offers financial protection when someone else gets injured on your property. It typically covers medical bills and legal fees if you’re sued over an incident.
- Medical payments to others—Similar to liability coverage, this type of coverage covers medical payments for those who are injured in or around your house, specifically from no-fault accidents. The coverage limit is typically around $1,000–$2,000 per policy.
- Loss of use—After a covered peril, you may be displaced from your house if it’s declared unlivable. In this case, loss of use coverage would help you pay for additional living expenses, such as a hotel or extra gas for commuting.
- Personal property—This covers most of the personal belongings within your home when a covered peril occurs. For example, if there’s a fire in your home and all of your furniture is ruined, you can file a personal property claim to replace these items.
How Much Does Home Insurance Cost in Massachusetts?
Based on the quotes that our team received on a 1500-square-foot single-family house in Billerica, Massachusetts, with a rebuilding value of around $275,000–$300,000, the average cost for homeowners insurance in Massachusetts is around $80 per month.
Keep in mind that quotes can vary depending on factors, such as your claims history, credit score, building age, and home size.
Factors To Consider Before Buying Homeowners Insurance
Here are a few factors to think about when purchasing a home insurance policy:
- Claims history—If you’ve filed a claim within the last few years, your insurance rates may be higher. Shop around for the most competitive pricing and coverage options to make sure you get the best deal on your policy. If you don’t have a recent claims history, you may be eligible to receive special discounts from the providers in this review.
- Personal property—Each of these companies offers customizable personal property coverage limits. We recommend taking inventory of your belongings and estimating their value to ensure that you’re completely covered after a disaster.
- Endorsements—Consider including a few add-ons to your policy for more coverage. For example, if you have a pool, you may want to purchase Lemonade’s swimming pool liability coverage endorsement for extra coverage.
- Deductibles—Choosing higher deductibles can help lower your premium, but it may cost you more money out of pocket during a claim. Travelers has impressive deductible options that can help lower your monthly premium cost. It also includes a decreasing deductible add-on that lowers your premiums by $100 each year that you keep your policy.
Compare Homeowners Insurance Coverage Options
|Get a free quote||Allstate.com||Lemonade.com||Travelers.com|
|Personal property coverage limits||60% or 75% of dwelling||40%–83% of dwelling||25%–100%|
|Liability coverage limits||$100,000, $200,000, $300,000, $500,000||$100,000, $200,000, $300,000, $400,000, $500,000, $1 million||$100,000, $300,000, $500,000, $1 million|
|Discounts available||Early signing, auto-pay plan, protection features||Frame type, theft protection, wind protection, water leak detection system||Theft protection, auto insurance bundling, siding materials|
|Unique add-ons||Roof surfaces extended coverage, water backup protection, green improvements||Coverage for musical instruments, significant other coverage, swimming pool liability protection||Equipment breakdown coverage, roofing and siding matching package, identity theft protection|
|Customer service||24/7||Online chat on website and mobile app||24/7 claims reporting|
*Based on sample quotes from a 1,500-square-foot single-family home in Billerica, Massachusetts
**Figures pulled from the companies’ Better Business Bureau (BBB) profiles as of April 17, 2021
If you’re looking for an affordable home insurance company with unique technological features, consider Lemonade. For the best overall policies, check out Allstate. For the most experienced provider with customizable pricing, consider Travelers.
FAQs About Homeowners Insurance in Massachusetts
Is homeowners insurance required in Massachusetts?
Homeowners insurance isn’t legally required in any state, but if you have a mortgage, your lender may require you to purchase a policy. Before buying a home insurance policy, check with your mortgage lender to determine any coverage requirements.
How do I file a homeowners insurance claim?
All of the companies listed in this review have a simple claims filing process that typically involves using an online tool or calling a 24/7 phone line. However, we found that Lemonade has the easiest claims filing system through its mobile app. Simply use the tool to answer a few questions and it will make a decision immediately through its AI software or connect you to an available insurance agent.
What are some other home insurance providers in Massachusetts?
Although the This Old House Reviews team found Allstate, Lemonade, and Travelers to be the best home insurance providers in Massachusetts, providers like USAA, Nationwide, and Chubb are also available in the state.
Does homeowners insurance cover floods?
No, damage from floods or flood-related perils are typically not covered under a homeowners insurance policy. However, many companies sell flood insurance add-ons through the National Flood Insurance Program (NFIP), or you can purchase a policy directly from the Federal Emergency Management Agency (FEMA).
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