The 4 Best Massachusetts Homeowners Insurance Companies

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Located in the heart of New England, Massachusetts has a lot to offer by way of culture, history, and jobs, making it an attractive destination for homeowners. However, because of the high property values, consistently inconsistent weather patterns, and sometimes brutal winters — 50 or more inches of annual snowfall is common in many areas — homeowners insurance rates in Massachusetts are significantly higher than the national average.

According to the Insurance Information Institute, the average annual premium in the Bay State was $1,314. When rates are this high, doing your research and making sure you’re buying the right amount of coverage — and no more — is imperative. We’ve outlined a few providers of homeowners insurance in Massachusetts that we feel can get you the most bang for your buck. We’ve also included an online quote tool so you can easily compare rates for yourself:

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

 

Best Homeowners Insurance in Massachusetts

  • Chubb
  • Arbella
  • Liberty Mutual
  • MAPFRE Insurance

The best Massachusetts home insurance companies offer comprehensive coverage for weather-related damage, since many areas of the state experience significant snowfall in the winter months. Snow and ice accumulation can seriously damage your home’s roof and gutters, so make sure your homeowners insurance is up to the challenge.

Chubb

Backed by a top rating from A.M. Best and named the winner for “Best Admitted Property/Casualty Insurance Company” by Business Insurance, Chubb is a great option for Massachusetts homeowners. The company provides comprehensive coverage options for nearly every kind of dwelling — with unique policy perks to boot.

A standard Masterpiece homeowners insurance policy from Chubb covers condos, co-ops, apartments, townhouses, and custom built residences. Each policy comes with an extended replacement cost feature, which allows you to restore your home and personal belongings to their original condition after a covered loss, even when repair prices exceed your policy limits. Chubb also offers cash settlements in the event of a total loss if you decide not to rebuild, and a free appraisal service to determine the replacement value of your home and help you make an informed decision.

Chubb helps you save on your policy by offering a wide array of discount options. Taking protective measures and installing a burglar alarm, sprinkler system, storm shutters, or fire alarm can earn you credit on your Chubb homeowners premium. You can receive additional price breaks for bundling multiple policies through Chubb, insuring a new or recently renovated home, residing in a gated community, or living in a home with masonry construction — helpful if you live in one of Boston’s beautiful brownstones.

Arbella

Arbella only provides insurance coverage to residents in Massachusetts and Connecticut, so unlike larger companies, you can be sure that the specific needs of your New England home are understood and met. And because the company uses independent, local agents, it is easy to craft a custom policy tailored to you and your budget.

A baseline standard Arbella homeowners insurance policy covers your home from damage caused by fire, lightning, windstorms, hail, frozen pipes, and theft. Each policy also protects you from personal liability for damaged caused on your property. Add-on options include increased protection for personal injury, personal property replacement, and identity fraud. If you choose to purchase identity theft coverage from Arbella, you will also receive theft management and fraud education services from IDT911 free of charge.

Arabella prides itself on its customer-focused approach to doing business. The company’s policies are backed by a highly responsive and organized claims department that’s available 24/7. As soon as you file a claim, your case is assigned to a specialist that stays with you through the entire process until settlement.

Liberty Mutual

Boston-based insurance giant Liberty Mutual offers its customers broad policy options and supplements their affordable prices with more premium discounts than many of their competitors.

A standard policy from Liberty Mutual protects against much of the weather-related damage that occurs in the Northeast, including frozen pipes, thunderstorms, lightning, and hail. Filing a claim with Liberty Mutual is as simple as going online or calling their 24/7 claims hotline. From there, your claims rep can connect you with Liberty Mutual approved and guaranteed contractors to quickly make the necessary repairs to make your home safe. Their online Catastrophe Center is also available to provide you with resources for dealing with disaster effectively and preventing it in the future.

Liberty Mutual offers Massachusetts homeowners discounts for bundling insurance policies, installing protective devices, owning a new or recently renovated home, or purchasing 100% cost-replacement coverage. The company also rewards new customers who have been claims-free for five years or more, as well as existing customers who have been claims-free for at least three years. If you belong to one of Liberty Mutual’s 14,000 affiliated employers, groups, or associations, you can also qualify for exclusive savings options on top of any other discounts you may be eligible for.

MAPFRE Insurance

MAPFRE owns the largest share of the Massachusetts homeowners insurance market, insuring over 200,000 homes in the state. MAPFRE offers customers a choice between two homeowners insurance policies: the Commerce, which is their standard option, and the Citation, which is for preferred customers.

Additionally, Advantage Endorsement options are available to provide additional protections and increased policy limits. MAPFRE also offers affordable personal umbrella coverage as an added safeguard that can cover you up to $5 million.

Although MAPFRE does not offer much in the way of discounts, Commerce policyholders can receive 20% off their homeowners insurance premium by bundling their auto insurance policy. Both Citation and Commerce customers can also take an additional 3% off their premium simply for going paperless or enrolling in an EFT payment plan.

The 4 Best Massachusetts Homeowners Insurance Companies

To recap The Simple Dollar’s top picks:

  • Chubb
  • Arbella
  • Liberty Mutual
  • MAPFRE Insurance

Find the Best Home Insurance Rates

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

For for more information on homeowners insurance, check out our comprehensive Guide to Home Insurance.