Worcester ,MA Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Worcester, MA homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Worcester, MA is $1474. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Worcester, MA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Worcester, MA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $590 |
| $200,000 | $1,002 |
| $300,000 | $1,238 |
| $400,000 | $1,887 |
| $500,000 | $2,373 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Worcester, MA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,511 |
| $1000 Deductible | $1,352 |
| $1500 Deductible | $1,275 |
| $2500 Deductible | $1,150 |
| $5000 Deductible | $973 |
| Home Insurance Company Near Worcester, MA | Homeowners Insurance Agency Near Worcester, MA | Address |
|---|---|---|
| NA | Universal Insurance Agency Inc. | 374 Belmont Street, Worcester, MA, 1604 |
| NA | Sullivan - Keating Moran Insurance Agency Of Springfield, Inc. | 840 Liberty Street, Springfield, MA, 1104 |
| NA | L S Jack Insurance Agency | 185 Village Street, Medway, MA, 2053 |
| NA | Ald Insurance Agency Inc | 60 Brighton Ave Allston, Boston, MA, 2134 |
| Travelers | The Slocum Agency Inc | 1229 GREENWICH AVE, WARWICK, RI, 2886 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Shrewsbury town, Worcester County, Massachusetts | $133 | $177 | $265 |
| Auburn town, Worcester County, Massachusetts | $128 | $171 | $256 |
| Millbury town, Worcester County, 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 |
|---|---|---|
| Worcester, MA | 4.7% | 14.1% |
| Shrewsbury | 3.94% | 13.74% |
| Auburn | 4.6% | 14.33% |
| Millbury | 4.61% | 12.66% |
| Worcester Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 1,026 | 2.0% | $367 |
| $200 to $299 | 2,724 | 7.0% | $817 |
| $300 to $499 | 3,051 | 8.0% | $1267 |
| $500 to $749 | 5,662 | 15.0% | $1942 |
| $750 to $999 | 10,759 | 28.0% | $2692 |
| $1,000 to $1,499 | 11,657 | 31.0% | $3817 |
| $1,500 or more | 2,410 | 6.0% | $5467 |
| Streets in Worcester Area | Homeowners Insurance Cost |
|---|---|
| Paris Ave, Preston St, Coventry Rd, Greenbush Rd, Amanola Ave, Chiltern Hill Dr N, Orton St Exd, Gorham St, Jefferson St, Olga Ct | $1,021 |
| Snowy Owl Ln, Seconset St, E Mountain St, Southern Ave, Briarcliff Rd, Teconnett Path, Roxbury St, Saint Louis St, Curtis Pkwy, Bay State Rd | $1,021 |
| Genessee St, Sagamore Rd, Windsor St, Potomska St, Michigan Rd, Division St, Drummond Ave, Blackstone River Rd, Hermitage Ln, Rural St | $1,028 |
| Tunis Rd, Sever St, Winfield St, Cameron St, Valmor St, Lyon Pl, Holcombe St, Huntley St, Kilby St, Tuckerman St | $1,005 |
| Maverick Rd, Edmons St, Coolidge Rd, Langdon St, Suburban Rd, Passway 4, Riley St, Hockanum Way, Benham St, Royal Rd | $1,027 |
| Fountain St, Upland Gardens Dr, Wrentham Rd, Bella Ln, Standish St, Everett Gaylord St, Mower St, Tahanto Rd, Christine Dr, Newton Ave | $1,011 |
| Healy Rd, Snowbell Ln, Young St, Cataumet St, Rock Ave, Barry Rd Exd, Thorne St, Dawson Rd, Exeter St, Swan Ave | $1,018 |
| Keach Ave, W Lake St, Alpine St, Delmont Ave, Germain St, North Pkwy, College St, Leyton Rd, Lull St, Sultan St | $1,009 |
| Hartford Rd, Ingleside Ave, Longfellow Rd, Ashton St, Lazelle St, Wisteria St, Ridgley St, Plane St, Brightwood Ave, Vinton St | $1,017 |
| Claremont St, Navajo Rd, Marland Ct, Clover St, Claremont Sq, Apollo Rd, Envelope Ter, Monterey Rd, Vesper St, Leslie Rd | $1,006 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Worcester | $152 to $154 |
| Shrewsbury | $159 |
| Auburn | $153 |
| Millbury | $154 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,300 | $2,300 |
| Yearly Worcester Homeowner Insurance Premium Example | $1,700 | $1,200 |
| Out of Pocket Expense During Claim | $1,300 | $2,300 |
| Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim | $6,400 | $5,900 |
| Net Savings to Worcester Home Owner from High Deductible Plan | $500 | |
| Scenario | Worcester, MA Home Replacement Value MORE than Home Value | Worcester, MA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $233,000 | $184,000 |
| Insurance Premium based on Replacement Value | $1,525 | $1,200 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $20,500 | Risk Exposure from Under Insuring Coverage is $28,500 |
| Premium Impact | Insurance cheaper by $200/year | Insurance costlier by $125/year |
| Insurance Company | State Farm | Amica Mutual Insurance Company | Chubb Group of Insurance |
| Monthly Premium | 99 | 127 | 104 |
| Year Built | 1993 | 1966 | 1949 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 1 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $200000-$250000 | $250000-$300000 | $250000-$300000 |
| Deductible | $2500-$5000 Deductible | $5000 to $10,000 Deductible | $5000 to $10,000 Deductible |