Renters insurance in Massachusetts: Cost, best companies and how to save

What is the average cost of renters insurance in Massachusetts?

The average cost of renters insurance in Massachusetts is $244 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$244
Average monthly premium	$20

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Best renters insurance company in Massachusetts: Vermont Mutual

Among the carriers surveyed, Vermont Mutual is the best renters insurance company in Massachusetts, with a top score and an average renters insurance rate of $166.

Andover Insurance and Arbella Insurance are the other best insurance companies for renters insurance in Massachusetts.

Renters insurance rates vary significantly among providers, so you should compare options before choosing. You should also select a company with a good reputation to ensure it will be there if you have a claim.

To help you find the best renters insurance in Massachusetts, we evaluated average rates, NAIC complaints ratio, and AM Best financial ratings. We calculated the total Insurance.com score out of five using these factors.

Here are the best renters insurance companies in Massachusetts.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
Vermont Mutual	$166	A+	0.07	5
Andover Insurance	$198	A	0.08	4.7
Arbella Insurance	$236	A	0.04	4.63
Safety Insurance	$252	A	0.18	4.37
Amica Mutual	$258	A+	0.23	4.34
Travelers	$200	A++	0.54	4.25
State Farm	$117	A++	0.95	4.04
Mapfre Insurance	$397	A	0.07	3.88
Allstate	$224	A+	0.9	3.53

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Cheapest renters insurance in Massachusetts

State Farm is the cheapest renters insurance company in Massachusetts, with an average annual premium of $117, based on our analysis.

Since renters insurance rates vary significantly from one provider to another, comparing quotes is the best way to find affordable coverage that fits your needs.

Below is the list of the cheapest renters insurance companies in Massachusetts and their average annual premiums.

Company name	Average annual premium
State Farm	$117
Vermont Mutual	$166
Andover Insurance	$198
Travelers	$200
Allstate	$224
Arbella Insurance	$236
Safety Insurance	$252
Amica Mutual	$258
Mapfre Insurance	$397

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Massachusetts renters insurance: The least and most expensive ZIP codes

Where you live in Massachusetts directly affects the cost of your renters insurance. The most expensive ZIP code in Massachusetts is 2203, where the average annual premium is $360. This is $116 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 1701, offering coverage at $196 a year.

The table below shows the most and least expensive ZIP codes in Massachusetts for renters insurance.

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Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
2203	$360
2222	$359
2133	$355
2137	$353
2564	$339
2573	$338
2552	$337
2554	$333
2152	$332
1152	$330

ZIP code	Average annual rate
1701	$196
1801	$198
1752	$199
1880	$200
1760	$201
2451	$203
1542	$204
1460	$206
1506	$210
1031	$219

Renters insurance cost in Massachusetts by city

Renters insurance rates vary widely across cities in Massachusetts, driven by factors such as weather risks, crime rates, and other factors. To find the best deal in your city, you should consider these factors and compare quotes from multiple insurers before choosing a policy.

City	Annual insurance premium
Boston	$324
Brockton	$263
Cambridge	$220
Fall River	$235
Lowell	$225
Lynn	$219
New Bedford	$253
Quincy	$223
Springfield	$292
Worcester	$265

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How to save on renters insurance in Massachusetts

There are several easy ways to lower the cost of renters insurance in Massachusetts without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Massachusetts renters insurance

Do I need renters insurance in Massachusetts?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Massachusetts?

You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.