Wakefield, MA homeowners insurance is about $912 to $1,237, about $76-$103/month. Our in depth research reveals consumers can save as much as $429 by getting different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
| Home Insurance Company Near Wakefield, MA | Homeowners Insurance Agency Near Wakefield, MA | Address |
|---|---|---|
| Travelers | Morse Insurance Agency Inc | 285 WASHINGTON ST NORTH EASTON VILLAGE SHOPPE, NORTH EASTON, MA, 2356 |
| Travelers | Richard Soo Hoo Insurance Agency | 1148 Washington St, Boston, MA, 2118 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Lynnfield CDP, Massachusetts | $140 | $186 | $279 |
| Stoneham CDP, Massachusetts | $134 | $179 | $268 |
| Reading CDP, Massachusetts | $136 | $181 | $271 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Wakefield, MA | 3.8% | 11.5% |
| Lynnfield | 3.24% | 10.58% |
| Stoneham | 3.84% | 11.44% |
| Reading | 3.42% | 9.79% |
| Wakefield Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 30 | 1.0% | $339 |
| $300 to $499 | 140 | 6.0% | $1239 |
| $500 to $749 | 202 | 9.0% | $1914 |
| $750 to $999 | 394 | 18.0% | $2664 |
| $1,000 to $1,499 | 995 | 45.0% | $3789 |
| $1,500 or more | 404 | 18.0% | $5439 |
| Streets in Wakefield Area | Homeowners Insurance Cost |
|---|---|
| Morningside Rd, Jackson Ln, Harwick Rd, Appleton Rd, Cordis St, Sumner Ave, Aborn Ave, Jordan Ter, Bateman Ct, Shady Ave | $1,071 |
| June Cir, Farm St, E South St, Dellanno Ln, Babson St, New Salem St, Edgewater Dr, Sesame St, Sugar Hill Ln, Stone Way | $1,067 |
| Grand Passway St, Clover Cir, Dell Ave, Fell St, Renwick Rd, Hancock Rd, Elm Sq, Edwards Ave, Harrison Ln, Briarwood Ln | $1,082 |
| Marion Cir, Swansea Rd, Indian Ln, Turnbull Ave, Esmond Ave, Vale View Rd, Alpine Cir, Andrews Cir, Curtis St Exn, Walker Ter | $1,085 |
| Edgewater Pl, Griffen Dr, Woodbury Rd, Hart St, Eunice Cir, Cooper St, Melvin St, Nelly St, Gail Cir, Kingmont St | $1,083 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Wakefield | $160 to $163 |
| Lynnfield | $167 |
| Stoneham | $160 |
| Reading | $163 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,700 | $4,700 |
| Yearly Wakefield Homeowner Insurance Premium Example | $3,100 | $2,500 |
| Out of Pocket Expense During Claim | $1,700 | $4,700 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $26,500 | $24,700 |
| Net Savings to Wakefield Home Owner from High Deductible Plan | $1,800 | |
| Scenario | Wakefield, MA Home Replacement Value MORE than Home Value | Wakefield, MA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $435,500 | $280,000 |
| Insurance Premium based on Replacement Value | $2,950 | $1,900 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $109,000 | Risk Exposure from Under Insuring Coverage is $46,500 |
| Premium Impact | Insurance cheaper by $300/year | Insurance costlier by $750/year |
| Insurance Company | Chubb Group of Insurance | Allstate | State Farm |
| Monthly Premium | 392 | 165 | 259 |
| Year Built | 1957 | 1965 | 1944 |
| Home Details | 5 Beds, 3 Baths | 3 Beds, 1 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $900000-$1000000 | $350000-$400000 | $400000-$500000 |
| Deductible | $5000 to $10,000 Deductible | $5000 to $10,000 Deductible | $2500-$5000 Deductible |