Boston Insurance Rates:

Boston, MA home insurance is nearly $905 to $1,225, about $75-$102/month. Our extensive analysis shows customers can save as much as $426 by comparing many quotes

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Boston Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $4650/10 months for $600000-$700000 Coverage
Policy Holder Home Details :

Home Value : $545,000

4 Beds, 4 Bath 3140 sqft Vacation Property Constructed In 1941 with Linoleum, Wood Shake Roof, Crawl Space Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

26 Years old Single Male who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 600-649 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $220/2 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $325,000

3 Beds, 3 Baths 1460 sqft Seasonal Residence Constructed In 1947 with Ceramic Tile Flooring, Wood Shake Roof, Crawl Space Foundation, Wood siding, Wood Frame. Home Features Include Indoor Sprinklers, Deadbolt Locks, Fire Extinguisher, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

74 Years old Divorced Male who is Retired with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $1330/5 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $345,000

4 Beds, 4 Baths 1740 sqft Rental Property Constructed In 1948 with Linoleum, Membrane Roof, Slab Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

65 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $1020/7 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $300,000

3 Beds, 3 Bath 1760 sqft Vacation Property Constructed In 1946 with Wood Flooring, Asphalt Shingles Roof, Crawl Space Foundation, Vinyl siding, Stucco Construction. Home Features Include Smoke Alarm, Fireplace, Indoor Sprinklers, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Divorced Female who is Retired with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $690/3 months for $250,000-$300,000 Coverage
Policy Holder Home Details :

Home Value : $230,000

2 Beds, 2 Bath 900 sqft Rental Property Constructed In 1932 with Stone Flooring, Asphalt Shingles Roof, Crawl Space Foundation, Wood siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Smoke Alarm, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

52 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $240/3 months for $280,000 Coverage
4 bedroom 2.5 bath Pool home under renovation. Laminate wood floors with new fixtures in both kitchen and baths. Vinyl fencing on backyard has covered patio area, pool and spa, already plumbed with gas line.
Work as a freelancer in a tech startup while my husband is an exec. Make more than $100k together. Good credit. House almost paid off. 1 boy. No pets.
Home Insurance Rate of $95/1 month for $350,000 Coverage
We live in a newly constructed house which is less than a year old. We find that we got a better deal with that than buying older home. Although, our cost to rebuild our home which is important for home insurance rates would be higher.
I am a retired divorcee living alone & with no guest and who have grandchildren who come over rarely.

Boston Rates & Quotes Analysis:

Boston Area Estimated House Insurance
Hartley Ter, Stanhope St, Reservoir Ct, Pitsmoor Rd, Douglas St, Laconia St, Eliot Pl, Winship St, Laurel Ave, Howard Ave$993
Orchardhill Rd, Enneking Pkwy, Baker St, Rodman St, Wadsworth St, Child St, Landseer St, Wilkinson Park, M Street Pl, Fulda St$1,043
Hartford St, Legion Pl, Montfern Ave, Richwood St, Holmfield Ave, Lafield St, Reddy Ave, Lawley St, Harmon St, Hanover St$1,099
Stockton St, Locust St, Lindall Pl, Port Norfolk St, Hautevale St, Merriam St, Edgewood St, Fawndale Rd, Holbrook St, Lattimore Ct$1,053
W Thompson St, Sewall St, Gem Ave, 9th St, Castleton St, Rocky Nook Ter, Martinwood Rd, Elmira St, Frazer St, Strathmore Rd$1,049
Cedar Grove St, Hospital Rd, Rutland St, St James Ave, Seaport Ln, Milton Ter, W 6th St, Newmarket Sq, Emery Rd, Millet St$1,051
Norton St, Chelmsford St, Radcliffe Rd, Centre Street Ter, Edith St, Wellsmere Park, Quaker Ln, Morrill St, Sinclair Rd, Thompson St$1,051
Mansur St, Monument Ct, Camp Rd, O St, Cary St, Erie St, St Marys St, Chicamauga Park, Gaffney St, Goldsmith St$1,049
Eldon St, Iroquois St, Farragut Rd, Ditmus Ct, Dorset St, Fernwood Rd, Delano Park, Schirmer Rd, Necco St, Jackson St$1,133
Nixon St, Wilton St, Coolidge Rd, Bothwell Rd, Bowditch Rd, Walker St, Dunbar Ave, Cricket Ln, Dunning Way, Lawrence Ave$1,100

Insurance rates are influenced by a number of factors including:

  • Year Built: 19,841 Homes (7% of total homes ) built between 1970 to 1979 in Boston are paying home insurance between $1,727-$1,743. Places close to Boston, MA such as Somerville, Cambridge, Brookline are more expensive by $35, $87, $160 respectively while Winthrop Town and Chelsea are cheaper by $10 and $55 respectively for similar homes.
  • Bedrooms: 69,379 1 bedroom homes (27% of total homes ) in Boston are paying about $363 in contrast with Somerville (+$7), Cambridge (+$18), Brookline (+$33), Chelsea (-$12) and Quincy (-$3).
  • Auto Insurance Bundling: 25,716 Households (30% of all households) in Boston have 2 vehicles available and when it is bundled with home insurance you can save $213. Discounts for similar bundling in close by locations such as Suffolk County, Winthrop Town, Chelsea come to $212, $211, $206 respectively.
  • Senior Discounts: 36,769 seniors (more than 55 years) occupied housing units (43% of total) in Boston get discounts between $159 to $161. The comparative concessions in proximate regions such as Suffolk County, Winthrop Town and Chelsea are $159, $158 and $154 respectively.
  • New Homes discounts: New homes such as the 48,039 homes built between 2000 to 2009 in Boston can save $213 and similar new home insurance discounts in nearby towns and cities like Suffolk County, Winthrop Town and Chelsea are $212, $211 and $206 respectively.

Boston Homeowners insurance Facts

  • Boston, MA has 85,151 owner occupied houses which is 34.2% of all units whereas Suffolk County, Winthrop Town and Chelsea have 35.74%, 56.13% and 29.79% respectively.
  • Boston, MA homeowners yearly insurance price at $1,065 is 0.28% of the typical house value of $374,700 which is in contrast with 0.29% in Suffolk County, 0.3% at Winthrop Town & 0.38% in Chelsea.
  • Homeowners in Boston, MA pay 1.58% of their income ($60,000 to $74,999) in insurance whereas homeowners in Suffolk County, Winthrop Town and Chelsea pay 1.57%, 1.57% and 1.53% respectively.
  • Boston, MA’s insurance is 3.8% of monthly housing costs of $2,313/month, for owners with a mortgage compared to 3.85% in Suffolk County, 3.95% at Winthrop Town & 4.11% in Chelsea. But, for households without a mortgage, insurance is 12.3% of costs ($720 in Boston, MA) in contrast with 12.1% in Suffolk County, 10.23% at Winthrop Town & 12.17% in Chelsea.

Boston, MA Home Values & Insurance rates

For example, insurance for 841 Homes (1.0% of total homes ) valued between $100,000 to $124,999 in Boston, MA is about $308. Rates in nearby areas in such as Somerville, Cambridge, Brookline are cheaper by $48, $85, $122 respectively while Suffolk County and Chelsea are costlier by $10 and $104 respectively for similar homes.

Boston, MA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,034 2.0% $63
$100,000 to $124,999 841 1.0% $308
$125,000 to $149,999 911 1.0% $383
$150,000 to $174,999 1,538 3.0% $457
$175,000 to $199,999 1,807 3.0% $532
$200,000 to $249,999 8,231 17.0% $639
$250,000 to $299,999 10,224 21.0% $777
$300,000 to $399,999 22,913 47.0% $990

Renters Insurance in Boston

  • Average Renters Insurance in Boston :  $177($14/month)

  • Median Gross Rent in Boston :  $1,265

  • Boston Renters Insurance to Median Rent Ratio:  1.11%

  • Renter occupied housing units in Boston :  163,553

Boston Renters Insurance as a Percentage of Rent

Boston Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 5,124 3.0% $344
$200 to $299 12,893 8.0% $794
$300 to $499 11,686 7.0% $1244
$500 to $749 10,612 6.0% $1919
$750 to $999 14,985 9.0% $2669
$1,000 to $1,499 48,473 30.0% $3794
$1,500 or more 56,310 35.0% $5444

Rent Affordability in Boston:

Approximately 45.0% (73,962) of households are spending more than 35% of their income on gross rent in Boston

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 17,308 10.0%
15.0 to 19.9 percent 17,256 10.0%
20.0 to 24.9 percent 17,564 10.0%
25.0 to 29.9 percent 21,598 13.0%
30.0 to 34.9 percent 15,865 9.0%
35.0 percent or more 73,962 45.0%

Boston Renters Insurance Discounts:

Boston Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Boston, MA Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 64,319 39.0% $17.7
2 vehicles available 16,493 10.0% $26.55
3 or more vehicles available 3,784 2.0% $35.4

Boston Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 10,213 6.0% $126
60 to 64 years 7,469 4.0% $101
65 to 74 years 11,705 7.0% $82
75 years and over 11,278 6.0% $63

Protective device discount in Boston Up to :  $26

Claims-free discount in Boston Up to :  $35

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