Lowell Insurance Rates:

Lowell, MA home insurance is about $867 to $1,174, about $72-$97/month. Our in depth guide shows customers can save as much as $408 by comparing different quotes

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Lowell Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $380/3 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $230,000

3 Beds, 3 Baths 1780 sqft Rental Property Constructed In 1992 with Carpet Flooring, Wood Shake Roof, Piers Foundation, Stone Siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Smoke Alarm, Fireplace, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

66 Years old Married Female who is Retired and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $1060/7 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $255,000

3 Beds, 3 Bath 1680 sqft Seasonal Residence Constructed In 1940 with Ceramic Tile Flooring, Slate Shingles Roof, Piers Foundation, Brick siding, Brick Frame. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Single Female who is a Freelancer with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $180/2 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $190,000

2 Beds, 2 Bath 1760 sqft Primary Residence Constructed In 1943 with Stone Flooring, Tile Roof, Piers Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Deadbolt Locks, Central Air Conditioning, Fireplace, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

38 Years old Single Male who has a Full Time Job with household income of $100-$150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Guests at home

Home Insurance Rate of $940/7 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $400,000

5 Beds, 5 Baths 3970 sqft Vacation Property Constructed In 1943 with Wood Flooring, Metal Roof, Crawl Space Foundation, Brick siding, Stucco Construction. Home Features Include Copper Water Pipes, Fireplace, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

70 Years old Single Male who is Unemployed and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $530/6 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $345,000

3 Beds, 3 Baths 2290 sqft Seasonal Residence Constructed In 1996 with Carpet over wood flooring, Wood Shake Roof, Slab Foundation, Brick siding, Stucco Construction. Home Features Include Copper Water Pipes, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

25 Years old Married Male who has a Full Time Job with household income of $50-$75,000 and has No Pets and is a Non-Smoker

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

  • Up to 499 Credit Score

Home Insurance Rate of $260/1 month for $300,000-$350,000 Coverage
Policy Holder Home Details :

Home Value : $355,000

4 Beds, 4 Baths 1989 sqft Rental Property Constructed In 1980 with Carpet over wood flooring, Shingles Roof, Chainwall Foundation, Vinyl siding, Wood Frame. Home Features Include Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

Lowell Rates & Quotes Analysis:

Lowell Area Estimated House Insurance
Malden Ave, Rosemont St, Enfield St, Dover Sq, Lura St, Nicole Dr, Vaughn St, Rogers Ave, Berry Rd, Hereford Pl$1,018
O'Brien Ter, Lamb St, Brookings St, Kianthi Dr, Colwell Ave, Harris Ave, Dumerle St, Court Ave, Butman Rd, Cheney Pl$1,031
London St, Ursula St, Sanders Ave, Willie St, Forestview Ave, Belle Ave, Rockingham Ave, Thorndike Rd, Lund St, Karen St$1,032
Harlem St, Keene St, Mansion Dr, Homestead Rd, Tyng St, Aiken St, Lupine St, Riverby St, Middlesex Park, Read St$1,002
Bailey Ln, Manahan St, Crowley St, Gerson Ter, Dempsey Pl, Ready Ave, W Albert St, Westboro St, Starbird St, Lowell Research Center Dr$1,026

Insurance rates are influenced by a number of factors including:

  • Year Built: 20,730 Homes (47% of total homes ) built between 1939 or earlier in Lowell are paying home insurance between $2,182-$2,198. Places close to Lowell, MA such as Dracut, Chelmsford, Tewksbury are more expensive by $35, $75, $68 respectively while Pelham(NH) and Hudson(NH) are cheaper by $625 and $659 respectively for similar homes.
  • Bedrooms: 7,537 1 bedroom homes (18% of total homes ) in Lowell are paying about $347. Areas near to Lowell such as Dracut, Chelmsford, Tewksbury are costlier by $6, $12, $11 respectively whereas Derry(NH) and East Merrimack(NH) are more economical by $3, $6 respectively for similar homes.
  • Auto Insurance Bundling: 8,307 Households (44% of all households) in Lowell have 2 vehicles available and when it is bundled with home insurance you can save $204. Discounts for similar bundling in close by locations such as Dracut, Chelmsford, Tewksbury come to $207, $210, $210 respectively.
  • Senior Discounts: 7,904 seniors (more than 55 years) occupied housing units (42% of total) in Lowell get discounts between $152 to $155 in contrast with Dracut ($155), Chelmsford ($158), Tewksbury ($157).
  • New Homes discounts: New homes such as the 7,514 homes built between 2000 to 2009 in Lowell can save $204 and similar new home insurance discounts in nearby towns and cities like Dracut, Chelmsford and Tewksbury are $207, $210 and $210 respectively.

Lowell Homeowners insurance Facts

  • Lowell, MA has 18,689 owner occupied houses which is 47.6% of all units whereas Dracut, Chelmsford and Tewksbury have 80.28%, 84.97% and 85.59% respectively.
  • Lowell, MA homeowners yearly insurance price at $1,020 is 0.44% of the typical house value of $234,200 which is in contrast with 0.36% in Dracut, 0.31% at Chelmsford & 0.32% in Tewksbury.
  • Homeowners in Lowell, MA pay 1.51% of their income ($60,000 to $74,999) in insurance whereas homeowners in Dracut, Chelmsford and Tewksbury pay 1.54%, 1.56% and 1.56% respectively.
  • Lowell, MA’s insurance is 4.5% of monthly housing costs of $1,874/month, for owners with a mortgage compared to 4.6% in Dracut, 3.92% at Chelmsford & 3.82% in Tewksbury. But, for households without a mortgage, insurance is 13.9% of costs ($610 in Lowell, MA) in contrast with 14.85% in Dracut, 11.01% at Chelmsford & 12.65% in Tewksbury.

Lowell, MA Home Values & Insurance rates

For example, insurance for 1,336 Homes (7.0% of total homes ) valued between $125,000 to $149,999 in Lowell, MA is about $591. Rates in nearby areas in such as Dracut, Chelmsford, Billerica are cheaper by $104, $170, $170 respectively while Lawrence and Fitchburg are costlier by $10 and $85 respectively for similar homes.

Lowell, MA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 320 1.0% $102
$90,000 to $99,999 199 1.0% $408
$100,000 to $124,999 867 4.0% $469
$125,000 to $149,999 1,336 7.0% $591
$150,000 to $174,999 1,480 8.0% $703
$175,000 to $199,999 1,728 9.0% $816
$200,000 to $249,999 4,538 26.0% $979
$250,000 to $299,999 3,670 21.0% $1193
$300,000 to $399,999 2,967 17.0% $1519

Renters Insurance in Lowell

  • Average Renters Insurance in Lowell :  $266($22/month)

  • Median Gross Rent in Lowell :  $952

  • Lowell Renters Insurance to Median Rent Ratio:  2.31%

  • Average household size of renter-occupied unit :  2.42

Lowell Renters Insurance as a Percentage of Rent

Lowell Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 394 1.0% $366
$200 to $299 1,655 8.0% $816
$300 to $499 1,547 7.0% $1266
$500 to $749 2,697 13.0% $1941
$750 to $999 4,887 24.0% $2691
$1,000 to $1,499 7,565 37.0% $3816
$1,500 or more 1,565 7.0% $5466

Rent Affordability in Lowell:

Approximately 40.0% (8,274) of households are spending more than 35% of their income on gross rent in Lowell

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 2,356 11.0%
15.0 to 19.9 percent 2,818 13.0%
20.0 to 24.9 percent 2,350 11.0%
25.0 to 29.9 percent 2,571 12.0%
30.0 to 34.9 percent 2,211 10.0%
35.0 percent or more 8,274 40.0%

Lowell Renters Insurance Discounts:

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

Number of Vehicles in Lowell, MA Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 9,858 47.0% $26.6
2 vehicles available 4,308 20.0% $39.9
3 or more vehicles available 1,020 4.0% $53.2

Protective device discount in Lowell Up to :  $39

Claims-free discount in Lowell Up to :  $53