Wellesley Insurance Rates:

Wellesley, MA home insurance is roughly $1,037 to $1,416, about $86-$118/month. Our complete analysis indicates shoppers can save upto $490 by comparing different quotes

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Wellesley, Massachusetts Homeowners share the good, bad & ugly reviews of thier insurance providers so that you can compare quotes from the best

Wellesley Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $4260/12 months for $800000-$900000 Coverage
Policy Holder Home Details :

Home Value : $865,000

4 Beds, 4 Baths 1940 sqft Primary Residence Constructed In 1956 with Carpet over wood flooring, Slate Shingles Roof, Chainwall Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Fireplace, Indoor Sprinklers, Deadbolt Locks, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

55 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Smoker

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

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $5530/10 months for $900000-$1000000 Coverage
Policy Holder Home Details :

Home Value : $1,150,000

5 Beds, 5 Bath 2420 sqft Rental Property Constructed In 1947 with Carpet over wood flooring, Slate Shingles Roof, Piers Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Fireplace, Indoor Sprinklers, Fire Extinguisher, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

53 Years old Divorced Male who has a Part 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

  • 500-549 Credit Score

  • Guests at home

Home Insurance Rate of $7910/12 months for More than 10000000 Coverage
Policy Holder Home Details :

Home Value : $1,650,000

5 Beds, 5 Baths 4440 sqft Rental Property Constructed In 1966 with Hardwood Flooring, Shingles Roof, Piers Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fire Extinguisher, Deadbolt Locks, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

46 Years old Single Male who has a Full Time Job with household income of $50-$75,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $1370/5 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $550,000

3 Beds, 3 Baths 1500 sqft Seasonal Residence Constructed In 1958 with Linoleum, Composition Roof, Slab Foundation, Brick siding, Brick Frame. Home Features Include Copper Water Pipes, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

57 Years old Divorced Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $4380/10 months for $800000-$900000 Coverage
Policy Holder Home Details :

Home Value : $985,000

3 Beds, 3 Baths 2200 sqft Seasonal Residence Constructed In 1964 with Hardwood Flooring, Wood Shake Roof, Crawl Space Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $6250/10 months for More than 10000000 Coverage
Policy Holder Home Details :

Home Value : $1,740,000

5 Beds, 5 Bath 4550 sqft Rental Property Constructed In 1940 with Carpet over wood flooring, Wood Shake Roof, Crawl Space Foundation, Brick siding, Brick Frame. Home Features Include Deadbolt Locks, Central Air Conditioning, Smoke Alarm, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

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

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

Home Insurance Rate of $3180/8 months for More than 10000000 Coverage
Policy Holder Home Details :

Home Value : $1,735,000

5 Beds, 5 Bath 4040 sqft Seasonal Residence Constructed In 1953 with Hardwood Flooring, Shingles Roof, Chainwall Foundation, Stone Siding, Stucco Construction. Home Features Include Indoor Sprinklers, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1560/4 months for More than 10000000 Coverage
Policy Holder Home Details :

Home Value : $1,240,000

4 Beds, 4 Baths 3050 sqft Primary Residence Constructed In 1943 with Ceramic Tile Flooring, Metal Roof, Piers Foundation, Stone Siding, Stucco Construction. Home Features Include Fire Extinguisher, Indoor Sprinklers, Deadbolt Locks, Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

41 Years old Married Male 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

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Wellesley Rates & Quotes Analysis:

Wellesley Area Estimated House Insurance
Whiting Way, Wiswall Cir, Mica Ln, Ferndale Rd, Cornell Rd, Fenmere Rd, Standish Cir, Sudbury Rd, Wildon Rd, Glen Cross Rd$1,259
Shelburne Rd, Colgate Rd, Maurice Rd, Vista Rd, Barnstable Rd, Arden Rd, Beard Way, Garden Rd, Brewster Dr, Farm Rd$1,245
Paine Rd, Lehigh Rd, Ox Bow Rd, Parker Rd, Lawrence Rd, Durant Rd, Garrison Rd, Pinevale Ave, Massasoit Rd, Royalston Rd$1,243
Maple Ter, Wilde Rd, Hampshire Rd, Oakencroft Rd, Haven Rd, Manor Ave, Powder House Cir, Meredith Cir, Martin Rd, Buckingham Ter$1,234
Sabrina Rd, College Dr, Chambers St, Mellon Rd, Fife Rd, Clovelly Rd, N Hill Ave, Leighton Rd, Shaw Rd, Pine Tree Rd$1,221

Insurance rates are influenced by a number of factors including:

  • Year Built: 1,684 Homes (18% of total homes ) built between 1950 to 1959 in Wellesley are paying home insurance between $2,307-$2,325. Places close to Wellesley, MA such as while Needham and Natick are cheaper by $140 and $271 respectively for similar homes.
  • Bedrooms: 2,678 3 bedrooms homes (30% of total homes ) in Wellesley are paying about $552. Areas near to Wellesley such as Weston, Dover, Woonsocket(RI) are costlier by $17, $3, $80 respectively whereas Needham and Natick are more economical by $33, $64 respectively for similar homes.
  • Auto Insurance Bundling: 1,313 Households (18% of all households) in Wellesley have 3 or more vehicles available and when it is bundled with home insurance you can save $306 and varies from Needham ($288), Natick ($270), Cochituate ($278).
  • Senior Discounts: 3,508 seniors (more than 55 years) occupied housing units (49% of total) in Wellesley get discounts between $183 to $186 in contrast with Needham ($172), Natick ($162), Cochituate ($166).
  • New Homes discounts: New homes such as the 2,690 homes built between 2000 to 2009 in Wellesley can save $245 in contrast with Needham ($230), Natick ($216), Cochituate ($222).

Wellesley Homeowners insurance Facts

  • Wellesley, MA has 7,087 owner occupied houses which is 83.0% of all units whereas Needham, Natick and Cochituate have 83.45%, 74.44% and 86.78% respectively.
  • Wellesley, MA homeowners yearly insurance price at $1,226 is 0.14% of the typical house value of $882,900 which is in contrast with 0.18% in Needham, 0.25% at Natick & 0.21% in Cochituate.
  • Homeowners in Wellesley, MA pay 3.77% of their income ($30,000 to $34,999) in insurance whereas homeowners in Needham, Natick and Weston pay 3.55%, 3.33% and 3.89% respectively.
  • Wellesley, MA’s insurance is 2.7% of monthly housing costs of $3,851/month, for owners with a mortgage compared to 3.02% in Needham, 3.64% at Natick & 3.16% in Cochituate. But, for households without a mortgage, insurance is 10.2% of costs ($1,001 in Wellesley, MA) in contrast with 9.87% in Needham, 10.97% at Natick & 9.26% in Cochituate.

Wellesley, MA Home Values & Insurance rates

For example, insurance for 9 Homes (3.0% of total homes ) valued between $100,000 to $124,999 in Wellesley, MA is about $147.

Wellesley, MA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 27 9.0% $24
$50,000 to $59,999 11 3.0% $61
$60,000 to $69,999 10 3.0% $85
$70,000 to $79,999 10 3.0% $98
$80,000 to $89,999 10 3.0% $110
$90,000 to $99,999 19 6.0% $122
$100,000 to $124,999 9 3.0% $147
$200,000 to $249,999 40 14.0% $306
$250,000 to $299,999 19 6.0% $380
$300,000 to $399,999 129 45.0% $478

Renters Insurance in Wellesley

  • Median Gross Rent in Wellesley :  $1,431

  • Average household size of renter-occupied unit :  2.09

Wellesley Renters Insurance as a Percentage of Rent

Wellesley Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 51 3.0% $265
$200 to $299 114 8.0% $715
$300 to $499 96 7.0% $1165
$500 to $749 33 2.0% $1840
$750 to $999 100 7.0% $2590
$1,000 to $1,499 336 24.0% $3715
$1,500 or more 638 46.0% $5365

Rent Affordability in Wellesley:

Approximately 34.0% (500) of households are spending more than 35% of their income on gross rent in Wellesley

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 306 21.0%
15.0 to 19.9 percent 214 14.0%
20.0 to 24.9 percent 144 9.0%
25.0 to 29.9 percent 244 16.0%
30.0 to 34.9 percent 43 2.0%
35.0 percent or more 500 34.0%