Cambridge ,MA Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Cambridge, MA homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Cambridge, MA is $1689. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Cambridge, MA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Cambridge, MA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $676 |
| $200,000 | $1,149 |
| $300,000 | $1,419 |
| $400,000 | $2,162 |
| $500,000 | $2,719 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Cambridge, MA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,732 |
| $1000 Deductible | $1,549 |
| $1500 Deductible | $1,461 |
| $2500 Deductible | $1,317 |
| $5000 Deductible | $1,115 |
| Home Insurance Company Near Cambridge, MA | Homeowners Insurance Agency Near Cambridge, MA | Address |
|---|---|---|
| NA | Aaa Insurance Agency Inc | 214 Broadway, Saugus, MA, 1906 |
| NA | Millenium Insurance Agency | 1245 Hancock St #30 , Quincy, MA, 2169 |
| Travelers | Chase And Lunt Llc | 65 PARKER ST, NEWBURYPORT, MA, 1950 |
| Liberty Mutual | Jeannine W Curley | 30 Nagog Park, Acton, MA, 1720 |
| Travelers | W G Bridges & Sons Insurance | 95 Pleasant Street , South Weymouth, MA, 2190 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Somerville city, Massachusetts | $163 | $217 | $326 |
| Watertown Town city, Massachusetts | $162 | $216 | $324 |
| Medford city, Massachusetts | $160 | $213 | $320 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Cambridge, MA | 3.8% | 12.3% |
| Somerville | 3.79% | 11.47% |
| Watertown Town | 3.76% | 11.05% |
| Medford | 3.79% | 11.82% |
| Cambridge Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 544 | 1.0% | $317 |
| $200 to $299 | 898 | 3.0% | $767 |
| $300 to $499 | 1,532 | 5.0% | $1217 |
| $500 to $749 | 1,474 | 5.0% | $1892 |
| $750 to $999 | 1,759 | 6.0% | $2642 |
| $1,000 to $1,499 | 6,366 | 22.0% | $3767 |
| $1,500 or more | 15,548 | 55.0% | $5417 |
| Streets in Cambridge Area | Homeowners Insurance Cost |
|---|---|
| Walker Street Pl, Max Ave, Brattle Cir, Old Dee Rd, Story St, Vassal Ln, Chapman Pl, Jackson Pl, Appleton Rd, Greenough Blvd | $None |
| Sciarappa St, Agassiz St, Dunster St, Saint Saveur Ct, Aberdeen Way, Riedesel Ave, York St, Churchill Ave, Walnut Ave, Hews St | $1,090 |
| Avon Hill St, Hillside Pl, Sellers St, Bates St, Griswold St, Larchwood Dr, Appian Way, Mooney St, Fort Washington Pl, Kirkland St | $1,223 |
| Lancaster St, White Street Pl, Newman St, Spring Pl, Ellsworth Ave, Francis Ave, Locust Ter, Rindge Ave, Bishop Richard Allen Dr, Deacon St | $1,123 |
| Walbro St, Kinnaird St, Winslow St, Hurlbut St, Seagrave Rd, Avon Hill St, Stinson Ct, Pilgrim St, Eliot Sq, Chetwynd Rd | $1,108 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Cambridge | $166 to $168 |
| Somerville | $162 |
| Medford | $160 |
| Belmont | $172 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,800 | $3,800 |
| Yearly Cambridge Homeowner Insurance Premium Example | $2,700 | $2,300 |
| Out of Pocket Expense During Claim | $1,800 | $3,800 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $23,400 | $22,200 |
| Net Savings to Cambridge Home Owner from High Deductible Plan | $1,200 | |
| Scenario | Cambridge, MA Home Replacement Value MORE than Home Value | Cambridge, MA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $1,170,000 | $820,000 |
| Insurance Premium based on Replacement Value | $8,650 | $6,075 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $180,000 | Risk Exposure from Under Insuring Coverage is $170,000 |
| Premium Impact | Insurance cheaper by $1,250/year | Insurance costlier by $1,325/year |
| Insurance Company | State Farm | Amica Mutual Insurance Company | Allstate |
| Monthly Premium | 148 | 311 | 236 |
| Year Built | 1943 | 1943 | 1947 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $250000-$300000 | $500000-$600000 | $500000-$600000 |
| Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible | $2500-$5000 Deductible |