Lynn Insurance Rates:

Lynn, MA home insurance is about $873 to $1,184, about $72-$98/month. Our extensive guide reveals consumers can save as much as $411 by comparing multiple quotes

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Lynn Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $1030/9 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $190,000

2 Beds, 2 Bath 1650 sqft Seasonal Residence Constructed In 1943 with Carpet over wood flooring, Tile Roof, Slab Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Indoor Sprinklers, Swimming Pool, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

54 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 :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

Home Insurance Rate of $2340/10 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $420,000

4 Beds, 4 Baths 2730 sqft Seasonal Residence Constructed In 1963 with Linoleum, Metal Roof, Piers Foundation, Vinyl siding, Wood Frame. Home Features Include Copper Water Pipes, Smoke Alarm, Fireplace, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

61 Years old Single Female who has a Part Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $420/2 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $520,000

4 Beds, 4 Bath 3260 sqft Vacation Property Constructed In 1943 with Wood Flooring, Composition Roof, Crawl Space Foundation, Stone Siding, Brick Frame. Home Features Include Fireplace, Central Air Conditioning, Deadbolt Locks, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Single Female who is Unemployed with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $880/5 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $370,000

4 Beds, 4 Baths 2470 sqft Primary Residence Constructed In 1968 with Hardwood Flooring, Metal Roof, Crawl Space Foundation, Brick siding, Wood Frame. Home Features Include Fire Extinguisher, Copper Water Pipes, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

27 Years old Divorced Male who is a Freelancer with household income of $25-50,000 and has No 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 $370/3 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $195,000

3 Beds, 3 Baths 1530 sqft Seasonal Residence Constructed In 1945 with Linoleum, Asphalt Shingles Roof, Chainwall Foundation, Brick siding, Metal Frame Construction. Home Features Include Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

65 Years old Divorced 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 :
  • 25-50% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $2130/10 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $325,000

3 Beds, 3 Bath 2040 sqft Seasonal Residence Constructed In 1966 with Carpet Flooring, Composition Roof, Crawl Space Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

45 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

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

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $860/8 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $330,000

4 Beds, 4 Bath 2570 sqft Vacation Property Constructed In 1948 with Carpet over wood flooring, Slate Shingles Roof, Slab Foundation, Brick siding, Brick Frame. Home Features Include Swimming Pool, Fireplace, Copper Water Pipes, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

74 Years old Divorced Female who has a Full Time Job with household income of more than $150,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $740/4 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $265,000

3 Beds, 3 Baths 2240 sqft Primary Residence Constructed In 1965 with Carpet Flooring, Asphalt Shingles Roof, Piers Foundation, Wood siding, Wood Frame. Home Features Include Central Air Conditioning, Indoor Sprinklers, Copper Water Pipes, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

64 Years old Divorced Male who is Unemployed and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $420/7 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $115,000

2 Beds, 2 Bath 930 sqft Seasonal Residence Constructed In 1960 with Stone Flooring, Slate Shingles Roof, Piers Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Swimming Pool, Central Air Conditioning, Deadbolt Locks, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

37 Years old Divorced Male who is Unemployed with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1180/7 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $260,000

3 Beds, 3 Baths 1610 sqft Primary Residence Constructed In 1960 with Wood Flooring, Shingles Roof, Chainwall Foundation, Vinyl siding, Stucco Construction. Home Features Include Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

23 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

Home Insurance Rate of $990/8 months for $175,000-$200,000 Coverage
Policy Holder Home Details :

Home Value : $155,000

2 Beds, 2 Baths 861 sqft Primary Residence Constructed In 1954 with Ceramic Tile Flooring, Membrane Roof, Piers Foundation, Stucco siding, Stucco Construction. Home Features Include Fireplace, Smoke Alarm, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

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

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

  • 600-649 Credit Score

  • Seniors staying at home

Lynn Rates & Quotes Analysis:

Lynn Area Estimated House Insurance
Chandler Ter, Hilton Ave, Van Buren St, Lafayette Park W, Greenleaf Cir, Bickford St, Brookline Ave, Judith Way, Ashton Sq, Ladd Hill Rd$1,019
W Neptune St, Maplewood Rd, Saint Clair St, Bagley Ter, Glenwood St, Lovers Leap Ave, Haviland Ave, Hacker Rd, Lafayette Park, Hanover St$1,024
Rock St, Linton Rd, Prescott Rd, Shirley Rd, Indian Hill Rd, Everett St, Fiske Ave, Wells Pl, Kings Hill Dr, Hanover Cir$1,015
B St, Ashlee Glen, Estes St, Lynnmere Ave, Graves Pl, Moon Rd, River Street Ct, Trevett Ave, Dorinda Cir, Wonderland Ter$1,026
Sutcliffe Rd, Harding St, Acorn St, Longhill Rd, Mount Pleasant St, Ocean Park, Tilton Pl, Joel Cir, Orlando Ave, Woodside Ter$1,047

Insurance rates are influenced by a number of factors including:

  • Year Built: 3,548 Homes (9% of total homes ) built between 1950 to 1959 in Lynn are paying home insurance between $1,934-$1,950. Places close to Lynn, MA such as Saugus, Swampscott, Salem are more expensive by $55, $88, $30 respectively while Lawrence and Lowell are cheaper by $18 and $16 respectively for similar homes.
  • Bedrooms: 12,169 2 bedrooms homes (34% of total homes ) in Lynn are paying about $371. Areas near to Lynn such as Swampscott, Nahant, Melrose are costlier by $6, $20, $7 respectively whereas Salem and Revere are more economical by $5, $4 respectively for similar homes.
  • Auto Insurance Bundling: 2,789 Households (17% of all households) in Lynn have 3 or more vehicles available and when it is bundled with home insurance you can save $257 in contrast with Saugus ($264), Swampscott ($269), Salem ($261).
  • Senior Discounts: 6,343 seniors (more than 55 years) occupied housing units (40% of total) in Lynn get discounts between $154 to $156 and differs from Saugus ($158), Swampscott ($161), Salem ($156).
  • New Homes discounts: New homes such as the 4,952 homes built between 2000 to 2009 in Lynn can save $205 and similar new home insurance discounts in nearby towns and cities like Saugus, Swampscott and Salem are $211, $215 and $209 respectively.

Lynn Homeowners insurance Facts

  • Lynn, MA has 15,690 owner occupied houses which is 46.6% of all units whereas Saugus, Swampscott and Salem have 76.66%, 77.18% and 48.87% respectively.
  • Lynn, MA homeowners yearly insurance price at $1,029 is 0.39% of the typical house value of $260,900 which is in contrast with 0.3% in Saugus, 0.26% at Swampscott & 0.33% in Salem.
  • Homeowners in Lynn, MA pay 20.58% of their income (Less than $10,000) in insurance whereas homeowners in Saugus, Swampscott and Salem pay 21.16%, 21.52% and 20.9% respectively.
  • Lynn, MA’s insurance is 4.2% of monthly housing costs of $2,031/month, for owners with a mortgage compared to 3.96% in Saugus, 3.44% at Swampscott & 4.15% in Salem. But, for households without a mortgage, insurance is 12.5% of costs ($687 in Lynn, MA) in contrast with 13.42% in Saugus, 9.08% at Swampscott & 11.02% in Salem.

Lynn, MA Home Values & Insurance rates

For example, insurance for 464 Homes (3.0% of total homes ) valued between $100,000 to $124,999 in Lynn, MA is about $432. Rates in nearby areas in such as Salem, Peabody, Nahant are cheaper by $67, $95, $209 respectively while Lawrence and Lowell are costlier by $46 and $37 respectively for similar homes.

Lynn, MA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 317 2.0% $92
$100,000 to $124,999 464 3.0% $432
$125,000 to $149,999 529 3.0% $535
$150,000 to $174,999 1,060 7.0% $637
$175,000 to $199,999 889 6.0% $730
$200,000 to $249,999 3,477 24.0% $884
$250,000 to $299,999 4,060 28.0% $1080
$300,000 to $399,999 3,316 23.0% $1378

Renters Insurance in Lynn

  • Average Renters Insurance in Lynn :  $247($20/month)

  • Median Gross Rent in Lynn :  $938

  • Lynn Renters Insurance to Median Rent Ratio:  2.13%

  • Renter occupied housing units in Lynn :  17,965

Lynn Renters Insurance as a Percentage of Rent

Lynn Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 636 3.0% $361
$200 to $299 1,627 9.0% $811
$300 to $499 1,448 8.0% $1261
$500 to $749 2,140 12.0% $1936
$750 to $999 4,074 23.0% $2686
$1,000 to $1,499 6,291 35.0% $3811
$1,500 or more 1,430 8.0% $5461

Rent Affordability in Lynn:

Approximately 48.0% (8,790) of households are spending more than 35% of their income on gross rent in Lynn

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,571 8.0%
15.0 to 19.9 percent 1,832 10.0%
20.0 to 24.9 percent 1,626 9.0%
25.0 to 29.9 percent 2,526 14.0%
30.0 to 34.9 percent 1,620 9.0%
35.0 percent or more 8,790 48.0%

Protective device discount in Lynn Up to :  $37

Claims-free discount in Lynn Up to :  $49