Best Condo insurance in Massachusetts

If you live in a condo, then it is important for you to purchase condo insurance to protect your investment. Some homeowners associations offer insurance, but it is not always the best option. It's better to have your own policy and make sure you are fully protected in case anything happens.

Homeowners association's insurance covers the outside of your building and common areas. But HOA's policy doesn't cover what's inside your condo- like furniture or other personal belongings.

If you are looking for the best condo insurance in Massachusetts, then this guide is for you. You'll find the list of best condo insurance companies for Massachusetts condo owners and their average annual rates. You can use this guide to make informed insurance decisions.

Best condo insurance companies in Massachusetts

In Massachusetts, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Massachusetts. Below are the best condo insurance companies in Massachusetts based on Insurance.com's analysis.

• State Farm
• Liberty Mutual
• Travelers

Compare best condo insurance companies in Massachusetts

We have compared the insurance providers based on their J.D. Power score and ratings from AM Best to help you find affordable home insurance in Massachusetts. Based on the analysis by Insurance.com, State Farm tops the list of best condo insurance companies in Massachusetts. It has earned 835 scores out of 1000 from J.D. Power and an A++ rating from AM Best, which is the highest ratings they offer.

Liberty Mutual is another option after State Farm for condo insurance, it received 806 scores from J.D. Power and an A rating from AM Best. Here is a comparison of some of the best condo insurance companies in Massachusetts:

Average cost of condo insurance in Massachusetts

The average cost of condo homeowners insurance in Massachusetts is $562 a year or $47 a month with $1,000 as deductible, $40,000 as personal property coverage, and liability coverage of $100,000. Your average annual premium will vary depending on your location, the coverage limits you select, and deductible amount among other factors.

Condo insurance covers the interior of the unit, it provides protection against the damage caused by fire, theft, vandalism, natural disasters, and frozen pipes.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

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CONDO INSURANCE CALCULATOR

Average condo insurance rates in MASSACHUSETTS

Zip

Personal Property Coverage Covers your personal belongings, such as your furniture, electronics, clothing, artwork, etc. Choose the amount you believe would cover all of your belongings.

$40,000$60,000$80,000$100,000 $60,000

Deductible Choose the amount you want to pay out-of-pocket before insurance kicks in. This applies to your dwelling and personal belongings claims.

$1,000 $1,000

Liability Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $300,000 or $500,000 are recommended.

$100,000$300,000 $100,000

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2150 - Chelsea

Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $697

HIGHEST RATE: $1,032 LOWEST RATE: $312

Most & least expensive zip codes for condo insurance in Massachusetts

Most Expensive

Zip Code	City	Highest Rate
02222	Boston	$930
02203	Boston	$923
02133	Boston	$890
02137	Readville	$843

Least Expensive

Zip Code	City	Lowest Rate
01451	Harvard	$475
01523	Lancaster	$476
01434	Devens	$476
01719	Boxborough	$477

• Methodology ×

  Insurance.com commissioned Quadrant Information Systems to provide condo insurance rates for nearly every ZIP code in the country from up to six major insurers. The applicant profile is of a married, 35-year-old who has filed no claims in five years. Coverage includes dwelling coverage of $50,000, medical payments coverage of $5,000, contents replacement at replacement value and loss of use at 10 percent of personal property limit.

  METHODOLOGY +

Condo insurance rates by companies in Massachusetts

The rates for condo insurance by companies in Massachusetts vary greatly. It is important to shop around and compare quotes to find affordable premium. To find the best insurance company in Massachusetts, you should consider price, coverage options, financial stability, and customer satisfaction.

In the table given below, you'll see that major companies in Massachusetts have different insurance rates for condo insurance, and State Farm, Merrimack, Standard Fire and Pheonix are the cheapest condo insurance companies for Massachusetts residents.