The average cost of homeowner insurance in ma for a single policy is $1672 annually. This is significantly more than the national average of $1,488. It's still an excellent deal for Massachusetts residents.
Home insurance rates in ma depend on several factors including your location and the policy type you purchase. Also, the cost depends on your home's age and the contents.
Standard home policies cover your home structure, its contents and liability. You can, however, customize your coverage and save money. Some common options are replacement cost, actual cash value, a deductible, and additional coverage for loss of use.
If you are a homeowner, you may be required by your lender to purchase homeowners insurance. This type helps pay for repairs if your home or contents are damaged due to an insured incident.
The right amount is crucial to protecting your assets from the unexpected. Before purchasing any policy, you should check with the lender.
Quincy Mutual has the best home insurance rates in ma. The company offers discounts of up to 30% if you bundle car and home insurance policies.
There are also a few unique benefits such as discounts for smart home devices, and reimbursements for debris recycling following a storm.
Another popular home insurance company in ma is USAA, which caters to veterans and active military members. Its homeowner's policy has a wide range of benefits for military members, such as identity theft protection and coverage for uniforms with no deductible.
State Farm and Amica Mutual offer the best homeowners' insurance in ma for those who do not need many extra benefits. They have both received high scores for both customer satisfaction ratings and claims ratings. This indicates that both companies offer excellent service.
Depending on the company, you can also get a discount on your homeowners insurance if you're a member of a homeowner's association or are active in a volunteer organization. Some insurance companies also give discounts to owners who rent out their home.
Some insurance firms charge higher rates for homes that contain dangerous dog types, like German or rottweiler shepherds. These dogs are notorious for being aggressive, and they cause a lot of liability claims.
Consider adding a pet policy to your existing home insurance policy if you own a dog. This can reduce your premiums and help cover medical expenses for your dog in the case of injury or loss.