Salem Insurance Rates:

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.

Compare Quotes from Top Providers and Save now!

Latest Home Insurance Reviews

Aaa
I like that my insurance company has a lot of good information on their website about all the services they offer and how and when to access them. They also have put VIA, their travel magazine, online.
Geico
The premium seems a little high compared to other companies. Sometimes I wonder if I should switch to reduce the cost per year.
Allstate
There is nothing I really dislike. I think they are doing an excellent job.
Amica Mutual Insurance
At amica you do not have an agent but they have very good customer support at your local office or call center.
Liberty Mutual
Additionally, liberty mutual's customer service is helpful without being overbearing. when we had a claim four years ago, my agent was prompt, helpful, and was even able to save me more money by asking additional questions that i wasn't expecting.
Aaa
Aaa insurance will review your policy with you in person or over the phone to make sure you have enough coverage or to modify it if you feel that you are over-insured.
Allstate
All State has great customer service and offers the lowest bundle package I can find. They will call me back quickly with answers to my questions

Salem, MA Homeowners Insurance By Home Value

Salem, MA Home Value Total Homes % of Total Average Salem, MA Homeowners Insurance
Less than $50,000 141 1.0% $73
$100,000 to $124,999 125 1.0% $365
$125,000 to $149,999 116 1.0% $449
$150,000 to $174,999 268 3.0% $532
$175,000 to $199,999 280 3.0% $616
$200,000 to $249,999 1,052 14.0% $741
$250,000 to $299,999 1,855 26.0% $909
$300,000 to $399,999 3,114 44.0% $1159

Top Home Insurance Agents Near Salem, MA

Home Insurance Company Near Salem, MA Homeowners Insurance Agency Near Salem, MA Address
NA Aaa Insurance Agency Inc 585 Pawtucket Blvd, Lowell, MA, 1854
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

Cost Of Homeowners Insurance By Street Near Salem, MA

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

Salem, MA Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Salem$156 to $159
Swampscott$161
Marblehead$168
Lynn$154

Salem, MA Auto & Homeowners Insurance Bundling Discounts

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

Salem, MA Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Salem, MA4.2%11.0%
Swampscott3.44%9.08%
Marblehead3.37%10.87%
Lynn4.22%12.48%

Salem Renters Insurance as a Percentage of Rent

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

Salem, MA Home Insurance Costs With Deductible Scenario

Low DeductibleHigh 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

Salem, MA Home Insurance Costs With Home Replacement Value Scenarios

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

Example Salem Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company AllstateAmica Mutual Insurance CompanyLiberty Mutual
Monthly Premium 133274184
Year Built 199319461998
Home Details 2 Beds, 1 Baths3 Beds, 2 Baths4 Beds, 1 Baths
Coverage Amount $200000-$250000$400000-$500000$350000-$400000
Deductible $500 Deductible$2500-$5000 Deductible$1000-$2500 Deductible

Sample Home Insurance Rates for Salem, MA from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1943 265,000 Slate Shingles Roof 1,700 2 $2500-$5000 Deductible 380 3 Stucco siding No
1999 220,000 Composition Roof 1,180 2 $2500-$5000 Deductible 870 10 Stucco siding yes
1946 365,000 Composition Roof 2,360 4 $500 Deductible 1180 4 Wood siding yes
1943 220,000 Slate Shingles Roof 1,680 2 $500 Deductible 1550 12 Wood siding No
1948 265,000 Shingles Roof 1,590 2 $1000-$2500 Deductible 300 2 Vinyl siding yes
1995 230,000 Shingles Roof 1,250 3 $500 Deductible 1420 10 Fiber-Cement Siding No
1941 260,000 Asphalt Shingles Roof 2,020 3 $2500-$5000 Deductible 1560 12 Brick siding No
1941 240,000 Tile Roof 1,650 2 $500- $1000 Deductible 1140 8 Wood siding yes
1940 355,000 Shingles Roof 1,850 3 $500 Deductible 2050 9 Stucco siding No
1940 500,000 Shingles Roof 2,980 4 $500- $1000 Deductible 2170 7 Wood siding yes
1942 370,000 Metal Roof 2,120 3 $1000-$2500 Deductible 990 5 Wood siding yes
1997 225,000 Composition Roof 1,450 2 $500- $1000 Deductible 1440 10 Stucco siding yes
1998 245,000 Composition Roof 1,510 3 $2500-$5000 Deductible 280 2 Vinyl siding No
1947 255,000 Metal Roof 1,420 2 > $10,000 Deductible 450 5 Fiber-Cement Siding No
1992 270,000 Metal Roof 1,550 3 $1000-$2500 Deductible 270 2 Fiber-Cement Siding yes
1997 325,000 Asphalt Shingles Roof 1,990 3 $500- $1000 Deductible 1140 7 Wood siding yes
1998 305,000 Slate Shingles Roof 1,730 4 $500- $1000 Deductible 120 1 Vinyl siding No
1949 275,000 Composition Roof 1,440 2 $500- $1000 Deductible 140 1 Vinyl siding yes
1995 385,000 Composition Roof 2,260 4 $500 Deductible 720 2 Wood siding yes
1993 515,000 Shingles Roof 2,930 4 $1000-$2500 Deductible 2170 9 Vinyl siding yes
1991 360,000 Metal Roof 2,310 3 > $10,000 Deductible 370 4 Fiber-Cement Siding yes
1947 500,000 Asphalt Shingles Roof 3,020 4 $2500-$5000 Deductible 2660 10 Vinyl siding No
1991 305,000 Slate Shingles Roof 2,230 3 $500 Deductible 990 5 Wood siding yes
1995 195,000 Tile Roof 1,010 2 $1000-$2500 Deductible 630 8 Stone Siding yes
1945 325,000 Wood Shake Roof 2,100 4 $500 Deductible 1410 7 Vinyl siding No
1998 230,000 Wood Shake Roof 1,540 2 $1000-$2500 Deductible 800 9 Brick siding yes