- Best condo insurance companies in Massachusetts
- How much does condo insurance cost in Massachusetts?
- Condo insurance rates in Massachusetts by company and coverage level
- Condo insurance rates by company in Massachusetts
- Compare condo insurance rates by city in Massachusetts
- Methodology
- Compare Massachusetts condo insurance rates with other states
Best condo insurance companies in Massachusetts
There are many companies offering condo insurance coverage in Massachusetts. Andover Insurance is the best condo insurance company in Massachusetts based on our analysis. Our insurance experts reviewed prices and ratings from trusted sources like the National Association of Insurance Commissioners (NAIC) and AM Best.
Based on our research, here are the best condo insurance companies in Massachusetts.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Andover Insurance | $334 | A | 0.08 | |
| Vermont Mutual | $485 | A+ | 0.07 | |
| Arbella Insurance | $494 | A | 0.04 | |
| Mapfre Insurance | $700 | A | 0.07 | |
| Amica Mutual | $897 | A+ | 0.23 | |
| Travelers | $683 | A++ | 0.54 | |
| State Farm | $340 | A++ | 0.95 |
How much does condo insurance cost in Massachusetts?
The average cost of condo insurance in Massachusetts is $669 per year or $56 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium may be higher or lower depending on where you live, the coverage limits you choose, your deductible and other factors.
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $669 |
| Average monthly premium | $56 |
Condo insurance rates in Massachusetts by company and coverage level
Andover Insurance provides the lowest condo insurance rates in Massachusetts for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is State Farm at $340 per year. However, prices will vary depending on the coverage level you choose.
The table below shows condo insurance rates from top companies at different coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Amica Mutual | $749 | $762 | $884 | $897 | $1,005 | $1,018 | $1,128 | $1,141 |
| Andover Insurance | $243 | $262 | $315 | $334 | $388 | $407 | $462 | $481 |
| Arbella Insurance | $393 | $428 | $446 | $494 | $495 | $554 | $541 | $611 |
| Heritage Insurance Holdings | $853 | $890 | $1,072 | $1,109 | $1,293 | $1,330 | $1,507 | $1,544 |
| Mapfre Insurance | $559 | $569 | $690 | $700 | $796 | $806 | $902 | $912 |
| State Farm | $294 | $311 | $323 | $340 | $343 | $360 | $362 | $379 |
| Travelers | $575 | $583 | $673 | $683 | $756 | $766 | $864 | $876 |
| Vermont Mutual | $391 | $404 | $472 | $485 | $538 | $551 | $604 | $617 |
| USAA | $729 | $729 | $809 | $809 | $877 | $877 | $937 | $937 |
Condo insurance rates by company in Massachusetts
The cheapest option is Andover Insurance, followed by State Farm and Vermont Mutual as the second and third most affordable choices. However, condo insurance rates in Massachusetts vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Massachusetts.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Andover Insurance | $334 | $28 |
| State Farm | $340 | $28 |
| Vermont Mutual | $485 | $40 |
| Arbella Insurance | $494 | $41 |
| Travelers | $683 | $57 |
| Mapfre Insurance | $700 | $58 |
| Amica Mutual | $897 | $75 |
| Heritage Insurance Holdings | $1,109 | $92 |
| USAA | $809 | $67 |
Compare condo insurance rates by city in Massachusetts
Condo insurance rates vary by city. Factors like weather, crime rates and property values all play a role in pricing. To find the cheapest and best condo insurance in your city in Massachusetts, consider these factors and compare quotes from different insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
Compare Massachusetts condo insurance rates with other states
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