Salem, MA homeowners insurance is nearly $887 to $1,204, about $73-$100/month. Our in depth analysis indicates shoppers can save upto $418 by comparing many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
| Home Insurance Company Near Salem, MA | Homeowners Insurance Agency Near Salem, MA | Address |
|---|---|---|
| Liberty Mutual Independent | Davis & Towle - Walnut Hill, Llc | 27 State Rte 101A, Amherst, NH, 3031 |
| Travelers | Gallant Insurance Agency | 199 GREAT RD, ACTON, MA, 1720 |
| Liberty Mutual Independent | H.J. Knight International Insurance Agency Inc | 30 BRAINTREE HILL PARK STE 203, BRAINTREE, MA, 2184 |
| Liberty Mutual Independent | Maloney Associates Inc -M | 1650 Elm Street, Ste. 501, Manchester, NH, 3101 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Swampscott CDP, Massachusetts | $135 | $179 | $269 |
| Marblehead CDP, Massachusetts | $141 | $187 | $281 |
| Lynn city, Massachusetts | $129 | $171 | $257 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Salem, MA | 4.2% | 11.0% |
| Swampscott | 3.44% | 9.08% |
| Marblehead | 3.37% | 10.87% |
| Lynn | 4.22% | 12.48% |
| Salem Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 302 | 3.0% | $354 |
| $200 to $299 | 532 | 6.0% | $804 |
| $300 to $499 | 662 | 7.0% | $1254 |
| $500 to $749 | 590 | 6.0% | $1929 |
| $750 to $999 | 1,646 | 18.0% | $2679 |
| $1,000 to $1,499 | 3,789 | 42.0% | $3804 |
| $1,500 or more | 1,323 | 14.0% | $5454 |
| Streets in Salem Area | Homeowners Insurance Cost |
|---|---|
| Eclipse Ln, Arrowhead Rd, Dalton Pkwy, Barnes Cir, Driscoll Ln, Dibiase St, March Street Ct, Roosevelt Rd, Buena Vista Ave, Connolly Pl | $1,048 |
| Pratt St, Scotia St, Standley St, Technology Way, Queensberry Dr, Emerton St, Harvard St, E Aborn St, Loring Hills Ave, Cedarhill Rd | $1,048 |
| Washington Sq E, Roslyn St, Nanepashemet St, Scenic Pl, Wallace Rd, Cumnock St, Malone Dr, Independence Cir, Willson St, Parallel St | $1,052 |
| Red Jacket Ln, Dipietro Ave, Naples Rd, Hart St, Red Frank Ln, Morgan Rd, Rowland St, Haskell St, Hartford St, Pickman Rd | $1,102 |
| Felt St, Chandler St, Waite St, New Derby St, Cheval Ave, Looney Ave, Carrollton St, Aborn St, Hathorne Cres, Holyoke Sq | $1,049 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Salem | $156 to $159 |
| Swampscott | $161 |
| Marblehead | $168 |
| Lynn | $154 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $7,800 |
| Yearly Salem Homeowner Insurance Premium Example | $3,600 | $2,200 |
| Out of Pocket Expense During Claim | $800 | $7,800 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $22,400 | $21,000 |
| Net Savings to Salem Home Owner from High Deductible Plan | $1,400 | |
| Scenario | Salem, MA Home Replacement Value MORE than Home Value | Salem, MA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $380,000 | $268,000 |
| Insurance Premium based on Replacement Value | $3,600 | $2,550 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $43,500 | Risk Exposure from Under Insuring Coverage is $68,500 |
| Premium Impact | Insurance cheaper by $650/year | Insurance costlier by $400/year |
| Insurance Company | Allstate | Amica Mutual Insurance Company | Liberty Mutual |
| Monthly Premium | 133 | 274 | 184 |
| Year Built | 1993 | 1946 | 1998 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $400000-$500000 | $350000-$400000 |
| Deductible | $500 Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible |