The Best Renters Insurance Companies in Boston

Renters insurance in Boston is more expensive than in most areas in the United States. It’s expensive for a few reasons, but the main one being that it’s necessary to protect your belongings. With a high amount of claims every year, providers must make up for any foreseen losses by charging Bostonians more for coverage. For this reason, renters in Boston need to find the best insurance companies on the market.

To help you navigate through the overwhelming sea of insurance providers, we used our SimpleScore methodology to find the companies that deserve your business and attention.

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    In this article

      The best renters insurance companies in Boston

      [Read: Eight Landlord Horror Stories That Will Dash Your Dream of Owning Rental Property]

      Best for bundling with auto insurance – Geico

      You always have to think of the bigger picture, and with Geico you’ll save big if you do.

      J.D. Power Rating
      N/A
      AM Best Rating
      A++
      Standard & Poor’s
      AA+
      SimpleScore
      3.3 / 5.0
      close
      SimpleScore Geico 3.3
      Discounts 3
      Coverage Options 2
      Customer Satisfaction N/A
      Support 4
      Accessibility 4

      Even though Geico has third-party underwriters, that doesn’t mean you’re not going to get a good deal. Since you’re working through Geico, you can save on both your renters insurance and your auto insurance if you decide to purchase both policies with Geico. Bundling insurances with the same provider is called a multi-policy discount, and if there’s any company you want this with, it’s Geico since you could save as much as 25%.

      Best for affordability – Travelers

      Any national carrier that can boast it is the cheapest provider in a city infamous for expensive rates deserves your undivided attention.

      J.D. Power Rating
      3/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      3.8 / 5.0
      close
      SimpleScore Travelers 3.8
      Discounts 5
      Coverage Options 4
      Customer Satisfaction 2
      Support 4
      Accessibility 4

      Travelers is a national provider that has been quietly beating some of its bigger rivals as of late when it comes to price. Currently, it’s the cheapest provider in Boston, Massachusetts, for most renters. However, not only is it affordable, but it also offers a few discounts to help lower your premium. Open up another policy or install various protective devices in your home, and Travelers will give you a discount.

      Best for discounts – State Farm

      If you like your money to stay in your wallet and not in someone else’s, put State Farm on your shortlist.

      J.D. Power Rating
      5/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      4.2 / 5.0
      close
      SimpleScore State Farm 4.2
      Discounts 3
      Coverage Options 5
      Customer Satisfaction 5
      Support 4
      Accessibility 4

      State Farm offers many discounts, no matter what type of policy you have. Get a renters insurance policy with State Far and you could save on your monthly premium if you install a:

      • Smoke detector
      • Burglar alarm
      • Home monitoring system

      Of course, you’ll also save if you get multiple policies, too.

      The savings aren’t anything to walk away from, either. As one of the biggest insurance companies globally, State Farm can offer its customers the most significant savings year after year.

      Best for fast quotes – Garrity Insurance

      Getting a quote from Garrity Insurance is so fast and personable that you’ll wonder why the internet thing is such a big deal.

      J.D. Power Rating
      N/A
      AM Best Rating
      N/A
      Standard & Poor’s
      N/A
      SimpleScore
      2.8 / 5.0
      close
      SimpleScore Garrity Insurance 2.8
      Discounts 3
      Coverage Options 3
      Customer Satisfaction N/A
      Support 2
      Accessibility 3

      A national provider can pump out an online quote within a few minutes, but it turns out so, too, can Garrity Insurance. The average wait time to speak with an agent is about 20 minutes. Not only do you get your quote, but you also get to speak with a real live person who can answer any question you may have, such as how much renters insurance you actually need.

      Choosing your provider

      When choosing which provider you want to work with in Boston, Massachusetts, you should look at both national and local providers. Each has its own unique set of pros and cons, and therefore each deserves your attention.

      [Read: How Much is Renters Insurance?]

      Local Carrier

      Pros: 

      • Supports your local economy
      • Develop ongoing relationships with the same agents
      • Agents know exactly what you need to have in your policy for your area

      Cons:

      • May not have as strong of an online or mobile app presence
      • May be more expensive than a national carrier
      • May not have as many coverage options as a national carrier

      National Carrier

      Pros:

      • Able to offer cheaper rates than many local carriers
      • Will likely have a stronger online and mobile app presence
      • Will likely have more coverage options than a local carrier

      Cons:

      • Agents may not be familiar with your needs as a Boston resident
      • Will be difficult to develop an ongoing working relationship with an agent outside of filing a claim
      • You will likely not have access to a brick and mortar location

      Additional renters insurance coverage in Boston

      Boston, Massachusetts, has a higher crime rate than much of the United States. Currently, residents in Boston have a 1 in 153 chance of becoming a victim of crime. Unfortunately, insurance companies definitely look at this type of data when calculating what you’ll pay for a premium. If you are considered to live in a high risk area, you’ll pay more.

      [Read: Defending Against Porch Pirates: What to Do about Package Thefts]

      Boston has also been experiencing more flooding as of late. When purchasing renters insurance in Boston, you will definitely want to consider also purchasing flood insurance.

      Flood Insurance

      A standard renters policy does not protect you from damages from flood waters. Though you may be able to purchase flood insurance through your insurance provider, most renters opt to purchase it from the U.S. government’s FloodSmart program. To see if you live in an area prone to flooding, you can input your address into FEMA’s flood zone map.

      [Read: Does Renters Insurance Cover Storage Units?]

      How much does renters insurance cost in Boston?

      The average cost for renters insurance in Boston is $191 a year, which is only $12 more than the national average of $179. A lot of factors influence the total cost you’ll pay for renters insurance. These include such things as:

      • Deductible amount
      • Type of policy you choose
        • ACV (actual cash value) policy versus a replacement cost policy
      • Property coverage amount
      • Liability coverage amount
      • Location of rental
      • Applicable discounts

      Find the Best Renters Insurance

      Save money on renters insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        Powered by HomeInsurance.com (NPN: 8781838)

        Boston renters FAQs

        Yes, a landlord can require renters insurance in Boston MA. Though there is no state law requiring it, it is well within your landlord’s rights to require it if he or she states so in the lease.

        Yes, according to the Insurance Information Institute, Massachusetts is the tenth most expensive state to purchase renters insurance. A variety of factors influence this, but rising flood occurrences is one of the biggest reasons.

        Yes, flooding in Boston has been progressively getting worse. Even if you don’t live in a ground floor apartment, it’s a good idea to purchase flood insurance.

        We welcome your feedback on this article and would love to hear about your experience with the insurers we recommend. Contact us at inquiries@thesimpledollar.com with comments or questions.

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore™

        Here’s a breakdown of the five aspect scores and their rating criteria for our renters insurance reviews.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

        Discounts

        We awarded higher scores to insurance providers with more discounts available on their website.

        Coverage Options

        We gave providers with more renter insurance coverage options a higher score because they’re more likely to have a policy that best meets your needs.

        Support

        We awarded higher scores to renters insurance providers with the most channels for customer support.

        Customer Satisfaction

        We leveraged the J.D. Power Home Insurance Satisfaction Study℠ to see how customers rated their experience with each insurance provider. (If a provider wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

        Accessibility

        We awarded higher scores to insurance providers that have more online and mobile features to easily manage your policy and claims.

        Lauren Ward

        Contributing Writer

        Lauren Ward is a personal finance writer living in Virginia’s Blue Ridge Mountains with her husband and three children. In her spare time she enjoys board games and gardening.

        Reviewed by

        • Nashalie Addarich
          Nashalie Addarich
          Insurance Editor

          Nasha Addarich is an editor at The Simple Dollar and a former attorney who specializes in home insurance, auto insurance, life insurance, and savings. She is a former contributing editor to Reviews.com.