New Bedford Insurance Rates:

New Bedford, MA home insurance is roughly $865 to $1,172, about $72-$97/month. Our detailed guide reveals consumers can save upto $407 by comparing many quotes

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New Bedford Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $140/1 month for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $425,000

4 Beds, 4 Baths 3220 sqft Primary Residence Constructed In 1962 with Carpet Flooring, Composition Roof, Chainwall Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Fire Extinguisher, Deadbolt Locks, Central Air Conditioning, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

55 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $920/9 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $205,000

2 Beds, 2 Bath 1500 sqft Vacation Property Constructed In 1969 with Carpet over wood flooring, Tile Roof, Crawl Space Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

32 Years old Married Male who has a Full Time Job with household income of $75-$100,000 and has 1 Pet and is a Non-Smoker

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

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $480/4 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $225,000

3 Beds, 3 Baths 1880 sqft Rental Property Constructed In 1940 with Carpet over wood flooring, Wood Shake Roof, Slab Foundation, Stucco siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Smoke Alarm, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

42 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $290/3 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $200,000

3 Beds, 3 Baths 1490 sqft Rental Property Constructed In 1948 with Wood Flooring, Slate Shingles Roof, Piers Foundation, Stucco siding, Wood Frame. Home Features Include Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

56 Years old Married Male who is a Freelancer with household income of $50-$75,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $690/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $230,000

4 Beds, 4 Baths 1800 sqft Seasonal Residence Constructed In 1940 with Ceramic Tile Flooring, Composition Roof, Crawl Space Foundation, Vinyl siding, Brick Frame. Home Features Include Fire Extinguisher, Central Air Conditioning, Copper Water Pipes, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 25-50% Mortgage Paid off

  • 650-699 Credit Score

Home Insurance Rate of $1670/10 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $380,000

4 Beds, 4 Baths 3200 sqft Primary Residence Constructed In 1965 with Hardwood Flooring, Composition Roof, Piers Foundation, Wood siding, Brick Frame. Home Features Include Deadbolt Locks, Swimming Pool, Central Air Conditioning, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

56 Years old Divorced Male who has a Full Time Job with household income of $25-50,000 and has More than 3 Pets at home 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 $1780/6 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $380,000

4 Beds, 4 Bath 2610 sqft Seasonal Residence Constructed In 1942 with Hardwood Flooring, Shingles Roof, Piers Foundation, Wood siding, Stucco Construction. Home Features Include Smoke Alarm, Fire Extinguisher, Indoor Sprinklers, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Married Female who has a Full Time Job with household income of $100-$150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $1710/10 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $225,000

3 Beds, 3 Bath 1520 sqft Vacation Property Constructed In 1947 with Linoleum, Shingles Roof, Piers Foundation, Brick siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $510/4 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $235,000

4 Beds, 4 Baths 1760 sqft Seasonal Residence Constructed In 1940 with Carpet over wood flooring, Asphalt Shingles Roof, Piers Foundation, Vinyl siding, Wood Frame. Home Features Include Central Air Conditioning, Copper Water Pipes, Smoke Alarm, Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

35 Years old Married Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1220/7 months for $175,000-$200,000 Coverage
Policy Holder Home Details :

Home Value : $145,000

3 Beds, 3 Baths 1225 sqft Primary Residence Constructed In 1956 with Hardwood Flooring, Slate Shingles Roof, Piers Foundation, Stone Siding, Stucco Construction. Home Features Include Fire Extinguisher, Deadbolt Locks, Copper Water Pipes, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

36 Years old Married Male who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Non-Smoker

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

  • 750-799 Credit Score

  • Seniors staying at home

New Bedford Rates & Quotes Analysis:

New Bedford Area Estimated House Insurance
Jenkins St, Canterberry St, Beetle Ct, Hammond St, Graham St, Brooklawn Ave, Fielding St, Huntington Ave, Howard Ave, Humphrey St$1,020
Smith Street Ct, Devoll St, Irving St, Milford St, Leroy St, Mina St, Phillips Rd, Mapleview Ter, Buttonwood St, Natick St$1,031
Sears St, Ingraham St, Nina St, Mount Pleasant Ln, Montrose St, Rodney French Blvd, Lancaster St, Kenyon St, Valley Rd, Doreen St$1,021
Earle St, Atlantic St, Cedar Grove St, Ridgewood Rd, W Rodney French Blvd, Hatch St, Pontiac St, Holbrook St, Mate Dr, Wing St$1,020
Luke St, Kenney St, Coffin Ave, Ricketson St, Maxfield St, Dewolf St, McGurk St, Harbor St, Willard St, Victoria St$1,012

Insurance rates are influenced by a number of factors including:

  • Year Built: 3,694 Homes (8% of total) built between 1970 to 1979 in New Bedford are paying home insurance between $1,652-$1,667 and varies from Acushnet Center (+$15), Smith Mills (+$25), Fairhaven (+$22).
  • Bedrooms: 13,975 2 bedrooms homes (32% of total homes ) in New Bedford are paying about $357 in contrast with Acushnet Center (+$3), Smith Mills (+$5), Acushnet (+$8).
  • Auto Insurance Bundling: 7,500 Households (44% of all households) in New Bedford have 2 vehicles available and when it is bundled with home insurance you can save $203 and varies from Acushnet Center ($205), Smith Mills ($206), Fairhaven ($206).
  • Senior Discounts: 9,025 seniors (more than 55 years) occupied housing units (53% of total) in New Bedford get discounts between $152 to $155. The comparative concessions in proximate regions such as Acushnet Center, Smith Mills and Acushnet are $154, $155 and $156 respectively.
  • New Homes discounts: New homes such as the 6,955 homes built between 2000 to 2009 in New Bedford can save $203 compared to Acushnet Center ($205), Smith Mills ($206), Fairhaven ($206).

New Bedford Homeowners insurance Facts

  • New Bedford, MA has 17,010 owner occupied houses which is 43.4% of all units whereas Acushnet Center, Smith Mills and Fairhaven have 75.69%, 75.12% and 73.29% respectively.
  • New Bedford, MA homeowners yearly insurance price at $1,019 is 0.45% of the typical house value of $228,400 which is in contrast with 0.4% in Acushnet Center, 0.37% at Smith Mills & 0.38% in Fairhaven.
  • Homeowners in New Bedford, MA pay 20.38% of their income (Less than $10,000) in insurance whereas homeowners in Acushnet Center, Fairhaven and Bliss Corner pay 20.56%, 20.64% and 20.64% respectively.
  • New Bedford, MA’s insurance is 5% of monthly housing costs of $1,698/month, for owners with a mortgage compared to 4.82% in Acushnet Center, 4.97% at Smith Mills & 5.18% in Fairhaven. But, for households without a mortgage, insurance is 14.9% of costs ($572 in New Bedford, MA) in contrast with 14.25% in Acushnet Center, 15.78% at Smith Mills & 15.69% in Fairhaven.

New Bedford, MA Home Values & Insurance rates

For example, insurance for 2,158 Homes (13.0% of total homes ) valued between $300,000 to $399,999 in New Bedford, MA is about $1,559. Rates in nearby areas in such as Acushnet Center, Smith Mills, Fairhaven are cheaper by $172, $267, $239 respectively while West Wareham and East Providence are costlier by $632 and $68 respectively for similar homes.

New Bedford, MA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 433 2.0% $101
$90,000 to $99,999 189 1.0% $417
$100,000 to $124,999 591 3.0% $489
$125,000 to $149,999 587 3.0% $611
$150,000 to $174,999 1,439 8.0% $723
$175,000 to $199,999 2,039 12.0% $835
$200,000 to $249,999 5,141 31.0% $998
$250,000 to $299,999 3,410 20.0% $1222
$300,000 to $399,999 2,158 13.0% $1559

Renters Insurance in New Bedford

  • Average Renters Insurance in New Bedford :  $268($22/month)

  • Median Gross Rent in New Bedford :  $762

  • New Bedford Renters Insurance to Median Rent Ratio:  2.89%

  • Average household size of renter-occupied unit :  2.27

New Bedford Renters Insurance as a Percentage of Rent

New Bedford Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 581 2.0% $367
$200 to $299 1,455 6.0% $817
$300 to $499 2,325 10.0% $1267
$500 to $749 6,141 28.0% $1942
$750 to $999 6,898 31.0% $2692
$1,000 to $1,499 3,908 17.0% $3817
$1,500 or more 412 1.0% $5467

Rent Affordability in New Bedford:

Approximately 42.0% (9,442) of households are spending more than 35% of their income on gross rent in New Bedford

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 3,130 14.0%
15.0 to 19.9 percent 2,148 9.0%
20.0 to 24.9 percent 2,609 11.0%
25.0 to 29.9 percent 2,646 11.0%
30.0 to 34.9 percent 2,174 9.0%
35.0 percent or more 9,442 42.0%

New Bedford Renters Insurance Discounts:

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

Number of Vehicles in New Bedford, MA Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 11,377 51.0% $26.8
2 vehicles available 3,894 17.0% $40.2
3 or more vehicles available 645 2.0% $53.6

New Bedford Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 1,612 7.0% $76
60 to 64 years 1,192 5.0% $60
65 to 74 years 1,817 8.0% $49
75 years and over 2,163 9.0% $38

Protective device discount in New Bedford Up to :  $40

Claims-free discount in New Bedford Up to :  $53