Fall River, MA homeowners insurance is approximately $870 to $1,179, about $72-$98/month. Our extensive analysis indicates shoppers can save upto $410 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
In Fall River, MA homeowners pay an average home insurance rate of $1025. Homeowners in Fall River can use discounts offered by different companies to reduce their rates further. To save money on your monthly payments homeowners can take advantage of discounts offered by some of the leading insurers in town like Nationwide and State Farm for a lower cost than what is currently being charged.
Home Insurance Discounts Based on Deductibles
A newly constructed Fall River home can enjoy $205 off on homeowners insurance. Houses are at their lowest propensity to damage when they're new, which is why companies offer attractive discounts for these homes as well. In contrast, older houses attract higher rates of repair and maintenance costs - a cost that's reflected in the price of your homeowner’s insurance premium and leads them to be charged an additional fee. For instance Fall River homes older than 40 and 50 years receive an additional charge of $27 and $39, respectively, on home insurance.
Homeowners in Fall River can get up to $21 off their insurance premiums by installing a swimming pool. Installing self-latching and self-closing gates around the pool also benefits your insurance rates and insurance companies provide discounts for the same. Additionally, senior citizens receive discounts on home insurance rates so it is a perk that a household has at least one person over 50 years old living there.Homeowners who don't smoke or live with smokers may be eligible for an additional discount from certain companies too.
Although most of the factors that determine discounts cannot be controlled by homeowners, they can benefit most by choosing deductibles to reduce home insurance rates. Homeowners can avail of attractive discounts by opting for higher deductibles. Fall River homeowners paying a high deductible of $2,500 can avail of a discount of $289.05 on homeowners insurance. Homeowners receive discounts of $242.1 and $162.56, respectively, on deductibles of $2,000 and $1,500.
Homeowners in Fall River who have a claims-free history with their home insurance company can receive discounts on their premiums.Homeowners with prior claims can pay more for factors such as the number and type of claims. By providing a history of zero claim, homeowners save money on their premiums in Fall River by $430.05 or $164.0 respectively based on two fire damage incidents or water-damage incidents they have experienced previously.
In Fall River, Massachusetts, homeowners pay an average home insurance rate of $1,025 which is significantly lower than the national average premium of $1,438. Below are some of the factors that Fall River homeowners should consider before choosing the home insurance company that best suits their coverage needs.
A.M. Best Rating
Financial strength is referred to as the capacity of an insurance company to grant current policyholders’ claims. Fall River homeowners are recommended to opt for home insurance companies with high financial strength ratings. A.M. Best rates home insurance companies based on their financial strength. Fall River homeowners can follow these ratings to identify home insurance companies with a high financial capacity.
J.D. Power Score
J.D. Power awards home insurance companies with a score based on the feedback collected from current policyholders. The customer satisfaction score of an insurance company is calculated using policy coverage, insurance rates, discounts, customer handling, and the speed at which a claim is processed. Fall River homeowners can use the J.D. Power Score to choose insurance companies that ensure the satisfaction of policyholders.
Home insurance companies use different parameters to calculate home insurance rates. Home insurance quotes can differ from one insurance company to another. Fall River homeowners should obtain quotes from multiple home insurance companies to choose the cheapest one. Homeowners should also consider the add-on policies offered by home insurance companies, in addition to the standard home insurance policy.
Deductibles Vs. Insurance Rates
Fall River homeowners can opt for high deductibles to lower their home insurance. The deductibles and the corresponding reduction in home insurance rates differ from one home insurance company to another. Fall River homeowners are advised to choose the home insurance company that offers the highest discount for their deductible.
Claims Processing Speed
Home insurance companies should be swift in processing the claims of homeowners. Homeowners are generally given a time period of 10 to 30 days to file a claim in case of damages. Once submitted, home insurance companies take a maximum of 40 days to review the claim and accept or deny it. Fall River homeowners are suggested to choose home insurance companies with a simple and swift claims processing system.
|Fall River, MA Home Value||Total Homes||% of Total||Average Fall River, MA Homeowners Insurance|
|Less than $50,000||346||2.0%||$102|
|$100,000 to $124,999||452||3.0%||$451|
|$125,000 to $149,999||520||3.0%||$563|
|$150,000 to $174,999||1,038||7.0%||$666|
|$175,000 to $199,999||1,149||8.0%||$768|
|$200,000 to $249,999||3,465||25.0%||$932|
|$250,000 to $299,999||3,327||24.0%||$1137|
|$300,000 to $399,999||2,757||20.0%||$1445|
|Home Insurance Company Near Fall River, MA||Homeowners Insurance Agency Near Fall River, MA||Address|
|NA||Mechanics Cooperative Bank||308 Bay St, Taunton, MA, 2780|
|NA||Neto Insurance Agency||1470 Pleasant St Fall River, Fall River, MA, 2723|
|Nationwide||Daniel F. Dwyer Iii||38 Bellevue Ave, Newport, RI, 02840-3259|
|Travelers||John P Riley Insurance Agency||379 NEPONSET AVE, DORCHESTER, MA, 2122|
|Liberty Mutual Independent||Viveiros Insurance Agency Inc||375 Airport Road Fall River, Fall River, MA, 2720|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Bristol County, Massachusetts||$130||$173||$259|
|North Westport CDP, Massachusetts||$130||$173||$260|
|Somerset CDP, Massachusetts||$129||$172||$258|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Fall River, MA||5.1%||15.6%|
|Fall River Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|Less than $200||651||2.0%||$363|
|$200 to $299||1,909||8.0%||$813|
|$300 to $499||2,926||12.0%||$1263|
|$500 to $749||7,966||34.0%||$1938|
|$750 to $999||6,151||26.0%||$2688|
|$1,000 to $1,499||3,177||13.0%||$3813|
|Low Deductible||High Deductible|
|Yearly Fall River Homeowner Insurance Premium Example||$2,300||$1,700|
|Out of Pocket Expense During Claim||$1,200||$4,200|
|Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim||$19,600||$17,800|
|Net Savings to Fall River Home Owner from High Deductible Plan||$1,800|
|Scenario||Fall River, MA Home Replacement Value MORE than Home Value||Fall River, MA Home Replacement Value LESS than Home Value|
|Insurance Premium based on Replacement Value||$1,725||$975|
|Risk Exposure from Under Insuring Coverage||Unnecessary Home Insurance Coverage of $61,000||Risk Exposure from Under Insuring Coverage is $54,500|
|Premium Impact||Insurance cheaper by $350/year||Insurance costlier by $400/year|
|Insurance Company||Liberty Mutual||Amica Mutual Insurance Company||Chubb Group of Insurance|
|Home Details||2 Beds, 1 Baths||3 Beds, 1 Baths||4 Beds, 3 Baths|
|Deductible||$5000 to $10,000 Deductible||$500- $1000 Deductible||$2500-$5000 Deductible|
|Year Built||Home Value||Roof Type||Sqft||Number of Bedrooms||Deductible||Premium||Premium Months||Siding Type||Smoker/Non Smoker|
|1940||295,000||Composition Roof||2,100||3||$5000 to $10,000 Deductible||330||3||Stone Siding||No|
|1948||140,000||Wood Shake Roof||1,010||2||$1000-$2500 Deductible||680||12||Stone Siding||No|
|1941||185,000||Composition Roof||1,260||3||$2500-$5000 Deductible||970||9||Stucco siding||yes|
|1946||195,000||Membrane Roof||1,340||3||$5000 to $10,000 Deductible||260||3||Stone Siding||yes|
|1948||160,000||Tile Roof||1,260||2||$500- $1000 Deductible||700||9||Stucco siding||yes|
|1946||200,000||Shingles Roof||1,370||3||$1000-$2500 Deductible||670||6||Wood siding||yes|
|1949||170,000||Tile Roof||1,460||3||$500 Deductible||900||9||Fiber-Cement Siding||No|
|1943||260,000||Membrane Roof||1,800||4||> $10,000 Deductible||460||6||Stucco siding||yes|
|1947||270,000||Slate Shingles Roof||1,700||2||$2500-$5000 Deductible||1530||10||Wood siding||No|
|1946||250,000||Wood Shake Roof||2,170||4||$500 Deductible||240||2||Fiber-Cement Siding||yes|
|1949||495,000||Shingles Roof||3,340||4||$2500-$5000 Deductible||1910||8||Stone Siding||yes|
|1941||230,000||Composition Roof||1,850||3||> $10,000 Deductible||380||6||Stone Siding||yes|
|1941||130,000||Wood Shake Roof||1,120||2||$1000-$2500 Deductible||430||7||Stone Siding||yes|
|1949||220,000||Membrane Roof||1,660||3||$2500-$5000 Deductible||1680||10||Brick siding||yes|
|1942||270,000||Tile Roof||1,940||4||$500- $1000 Deductible||1680||12||Brick siding||yes|
|1947||280,000||Wood Shake Roof||1,910||4||$2500-$5000 Deductible||990||9||Brick siding||yes|
|1946||290,000||Membrane Roof||1,890||3||> $10,000 Deductible||970||7||Wood siding||No|
|1946||205,000||Metal Roof||1,720||2||$2500-$5000 Deductible||1430||12||Vinyl siding||No|
|1947||255,000||Composition Roof||2,390||4||$2500-$5000 Deductible||690||6||Brick siding||yes|
|1941||310,000||Composition Roof||2,630||4||$500- $1000 Deductible||190||1||Vinyl siding||No|
|1948||220,000||Composition Roof||1,980||4||$5000 to $10,000 Deductible||830||10||Wood siding||yes|
|1940||150,000||Asphalt Shingles Roof||1,360||3||$1000-$2500 Deductible||90||1||Brick siding||yes|
|1943||155,000||Wood Shake Roof||1,440||2||$500 Deductible||100||1||Stucco siding||No|
|1946||380,000||Tile Roof||3,370||4||$500 Deductible||3550||12||Wood siding||yes|
|1942||210,000||Wood Shake Roof||1,690||3||$2500-$5000 Deductible||280||3||Stone Siding||yes|
|1945||320,000||Membrane Roof||2,720||4||$5000 to $10,000 Deductible||1320||9||Fiber-Cement Siding||yes|
|1944||405,000||Shingles Roof||3,110||4||$1000-$2500 Deductible||580||3||Wood siding||yes|
|1947||340,000||Wood Shake Roof||3,020||4||$2500-$5000 Deductible||1200||7||Fiber-Cement Siding||yes|
|1948||245,000||Composition Roof||2,100||3||$500 Deductible||270||2||Vinyl siding||No|
|1941||185,000||Shingles Roof||1,760||3||$500- $1000 Deductible||1300||12||Wood siding||yes|
|1945||315,000||Metal Roof||2,270||3||$500 Deductible||1050||5||Brick siding||No|
|1940||190,000||Shingles Roof||1,650||2||$500- $1000 Deductible||980||12||Brick siding||yes|
|1948||450,000||Slate Shingles Roof||3,190||4||> $10,000 Deductible||180||1||Vinyl siding||No|
|1942||140,000||Metal Roof||1,040||2||$2500-$5000 Deductible||350||5||Stucco siding||No|
|1935||155,000||Tile Roof||1,075||2||$2500-$5000 Deductible||780||8||Vinyl siding||No|