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Affordable Home Insurance in Massachusetts

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What drives home insurance rates in Massachusetts

Average homeowners premium, 2023

$2,134

The average homeowners policy in Massachusetts cost $2,134 for a year of coverage in 2023, against $1,737 nationally.

Claims paid per premium dollar, 2023

47.7¢

Home insurers in Massachusetts paid 47.7 cents in claims for every premium dollar in 2023; the median state was 64 cents.

Severe weather events, 2024

42

NOAA logged 2 tornado, 28 large-hail and 12 flash-flood event reports in Massachusetts in 2024, counted per county or zone. Wind and hail claims fall on the homeowners policy; flood needs its own.

Natural-hazard loss rank

#32

FEMA ranks Massachusetts #32 of 51 for expected annual loss from natural hazards; flood accounts for 68% of that loss, and flood damage needs a separate flood policy.

  • Average homeowners premium, 2023: NAIC Homeowners Insurance Report, 2023 data
  • Claims paid per premium dollar, 2023: NAIC Profitability by Line by State, 2023
  • Severe weather events, 2024: NOAA Storm Events Database, 2024
  • Natural-hazard loss rank: FEMA National Risk Index

Largest home insurers in Massachusetts

The ten insurer groups that wrote the most home premium in Massachusetts in 2025, with their share of the state total of $4.0 billion.

#Insurer groupMarket sharePremiums written
1Mapfre Insurance Group9.93%$400 million
2Liberty Mutual Group7.42%$299 million
3Safety Group7.25%$293 million
4Andover Group6.85%$276 million
5Travelers Group6.21%$251 million
6Arbella Insurance Group5.47%$221 million
7Chubb Ltd Group5.1%$206 million
8Plymouth Rock Insurance Group4.23%$171 million
9United Services Automobile Association Group4.18%$168 million
10Amica Mutual Group3.58%$145 million

Source: NAIC Market Share Reports, 2025 data, direct premiums written by insurer group. GEICO writes inside Berkshire Hathaway Group. Ranking is market commentary; it says nothing about which carriers a quote comparison includes.

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