Somerville, MA homeowners insurance is roughly $921 to $1,251, about $76-$104/month. Our comprehensive analysis reveals consumers can save upto $434 by comparing many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
| Home Insurance Company Near Somerville, MA | Homeowners Insurance Agency Near Somerville, MA | Address |
|---|---|---|
| Travelers | A & P Insurance | 107 S Main St, Uxbridge, MA, 1569 |
| Travelers | G M Abodeely Ins Agcy Inc | 135 THOMPSON RD, WEBSTER, MA, 1570 |
| Liberty Mutual Independent | Knight-Dik Insurance Agency | 440 MAIN ST, WORCESTER, MA, 1608 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Cambridge city, Massachusetts | $167 | $223 | $335 |
| Medford city, Massachusetts | $160 | $213 | $320 |
| Everett city, Massachusetts | $157 | $209 | $314 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Somerville, MA | 3.8% | 11.5% |
| Cambridge | 3.8% | 12.32% |
| Medford | 3.79% | 11.82% |
| Everett | 3.87% | 12.76% |
| Somerville Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 261 | 1.0% | $334 |
| $200 to $299 | 652 | 3.0% | $784 |
| $300 to $499 | 787 | 3.0% | $1234 |
| $500 to $749 | 1,196 | 5.0% | $1909 |
| $750 to $999 | 1,538 | 7.0% | $2659 |
| $1,000 to $1,499 | 8,030 | 39.0% | $3784 |
| $1,500 or more | 8,081 | 39.0% | $5434 |
| Streets in Somerville Area | Homeowners Insurance Cost |
|---|---|
| Lincoln Pkwy, College Hill Rd, Wisconsin Ave, Foskett St, Willow Ave, Maine Ter, Josephine Ave, Yorktown St, Clarendon Ave, Miller St | $1,076 |
| Direnzo Ter, Cameron Ave, Pearson Rd, Hersey St, Cedar Street Pl, Pearl Ter, Capen St, Jaques St, May Pl, Richdale Ave | $1,070 |
| Hawkins St, Dane St, Leon St, Ivaloo St, Mount Pleasant Ct, Bonair St, Rev Nazareno Properzi Way, Aldersey St, Tennyson St, Liberty Rd | $1,091 |
| Sargent Ave, Clarendon Ave, Conwell Ave, Ash Ave, Hamlet St, Wyatt Cir, Raymond Ave, Macarthur St, Waldo Ave, Harvard Pl | $1,112 |
| Greenville Ct, Sacramento St, Albion Pl, Edmands St, Henderson St, Skehan St, Wilton St, Ten Hills Rd, E Albion St, Connecticut Ave | $1,085 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Somerville | $162 to $165 |
| Cambridge | $167 |
| Medford | $160 |
| Everett | $157 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,100 | $2,100 |
| Yearly Somerville Homeowner Insurance Premium Example | $3,000 | $2,500 |
| Out of Pocket Expense During Claim | $1,100 | $2,100 |
| Total Home Insurance Premium for 5 years + Out of Pocket Expense for Claim | $16,100 | $14,600 |
| Net Savings to Somerville Home Owner from High Deductible Plan | $1,500 | |
| Scenario | Somerville, MA Home Replacement Value MORE than Home Value | Somerville, MA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $564,500 | $333,500 |
| Insurance Premium based on Replacement Value | $3,600 | $2,125 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $111,000 | Risk Exposure from Under Insuring Coverage is $120,000 |
| Premium Impact | Insurance cheaper by $750/year | Insurance costlier by $725/year |
| Insurance Company | Amica Mutual Insurance Company | State Farm | Allstate |
| Monthly Premium | 191 | 138 | 339 |
| Year Built | 1945 | 1946 | 1948 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $350000-$400000 | $300000-$350000 | $500000-$600000 |
| Deductible | $2500-$5000 Deductible | > $10,000 Deductible | $500 Deductible |