Best Cheap Renters Insurance in Massachusetts (2024)
Lemonade has the cheapest renters insurance in Massachusetts, at $14 per month, on average.
Compare Cheap Renters Insurance Quotes in Massachusetts
Best Cheap Renters Insurance in MA
ValuePenguin's insurance experts compared renters insurance companies on cost, customer service, extra coverage options and discounts. Average rates are based on hundreds of renters insurance quotes from the top companies across 24 of Massachusetts' largest cities. See the full methodology.
Cheapest renters insurance companies in Massachusetts
The cheapest renters insurance in Massachusetts is from Lemonade.
At just $14 per month, Lemonade renters insurance is about 23% cheaper than the state average of $18 per month.
Compare Renters Insurance Quotes in Massachusetts
Amica is the second-cheapest renters insurance company in Massachusetts, at $15 per month on average. That's almost as cheap as Lemonade, so it's worth getting a renters insurance quote from both companies to see which company gives you the best rate.
Cheapest renters insurance companies in Massachusetts
Company | Monthly cost | ||
|---|---|---|---|
| Lemonade | $14 | |
| Amica | $15 | |
| Allstate | $18 | |
| Assurant | $20 | |
| Progressive | $24 | |
Best renters insurance in MA for cheap rates: Lemonade
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Editor's rating
- Cost: $14/mo
Lemonade has the cheapest renters insurance rates in Massachusetts.
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Very cheap
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Can get coverage quickly
Easy to file claims online
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Customer satisfaction is mixed
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Few discounts available
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Can't bundle with auto insurance
Lemonade has the cheapest renters insurance in Massachusetts, at an average of $14 per month. You can also choose to improve your coverage for valuables such as musical instruments, collectibles or jewelry.
Lemonade also stands out for its helpful online tools that make it easy to get a quote, manage your policy or file a claim. This makes it a good choice if you want straightforward coverage without having to call customer service.
Lemonade promises that claims are handled nearly instantly, with an AI system that can pay out in less than a minute.
The biggest downsides of Lemonade are that there are few discounts available to help lower your rates, and the customer experience isn't consistently good because it has a high rate of customer complaints. Plus, you'll need to use a separate company to get car insurance in Massachusetts, which can be inconvenient.
Best renters insurance for customer service: Amica
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Editor's rating
- Cost: $15/mo
Amica has excellent customer service and many options to customize your policy.
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Low rates and lots of discounts
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Few customer complaints
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Helpful policy extras
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Not good for bundling with auto insurance
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Poor-quality Android app
Amica has the best renters insurance in Massachusetts if you want great customer service and coverage that goes beyond the basics. Amica gets fewer customer complaints than average, and customers are generally satisfied with their experience.
This makes Amica a better choice than Lemonade if you prefer a hands-on approach, including calling an agent with questions.
Amica renters insurance is affordable, at an average of $15 per month in Massachusetts. And there are several discounts that can help you lower your rates.
- Automatic payment discount
- Going paperless by getting bills by email
- Not having a claim in the past three years
- Loyalty discount for being with your current company for at least two years
Amica also offers more coverage add-ons than Lemonade. You can pay extra to get identity theft protection or flood insurance for renters.
The downside of Amica is that it's not good for bundling policies because its car insurance is usually expensive.
Also, if you have an Android, it might be easier to manage your policy through the company website, rather than through the app. Amica's Android app has just 3.4 out of five stars, with many users complaining of glitches and error messages. However, Amica's iOS app is well rated, with 4.8 out of five stars.
Best for bundling with auto insurance: Progressive
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Editor's rating
- Cost: $24/mo
Progressive is the best insurance in MA if you want to use one company for both renters and car insurance.
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Good for both renters and auto insurance
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Many discounts available
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Extra coverage options
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Rates aren't the cheapest
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Below-average customer service
Progressive is the best insurance company in Massachusetts if you want the simplicity of having one company for both your renters insurance and car insurance. You'll usually have to pay a little more for this convenience because Progressive renters insurance rates can be expensive.
Progressive renters insurance in Massachusetts costs an average of $24 per month, which is about a third more expensive than average. However, your overall cost may be affordable because its car insurance rates in MA are 15% cheaper than average, and there are several discounts to help you lower your rates.
- Bundling discount of 3% off your car insurance when you have a renters policy
- Discount for shopping at least three days before the policy begins
- Paperless discount for getting documents by email
- Discount for paying the policy's full cost up front
- Discount for living in a gated community or one with a security guard
Progressive also has coverage add-ons that can give you extra protection.
| Water backup coverage |
| Lawsuit coverage |
Massachusetts renters insurance: Costs by city
The average cost of renters insurance in Boston is $22 per month.
That means renters insurance in Boston costs 20% more than the Massachusetts average.
Fall River has the cheapest renters insurance among Massachusetts' larger cities, at an average of $16 per month. Springfield has the most expensive renters insurance in Massachusetts, costing about $24 per month. So you'll pay about a third more than the state average in Springfield.
City | Monthly rate | % from average |
|---|---|---|
| Boston | $22 | 20% |
| Brockton | $19 | 7% |
| Brookline | $19 | 8% |
| Cambridge | $17 | -5% |
| Chicopee | $17 | -3% |
The average cost of renters insurance in Massachusetts is $18 per month.
That means that renters insurance rates in MA are, on average, about $4 per month cheaper than the average cost of renters insurance in the U.S.
Other New England states have similarly cheap rates, ranging from $17 per month in Maine to $20 per month in Rhode Island.
How to get the best renters insurance in Massachusetts
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Comparing renters insurance quotes is the best way to save on renters insurance.
Each insurance company sets its prices slightly differently. So your exact situation can affect the rates that you get from each company. For example, some companies will care more about your apartment's location, and others could care more about your age. That's why the cheapest renters insurance for you could be different from that of your friends and family.
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Be sure you get the right amount of renters insurance coverage for your needs.
How much coverage you get has a big impact on your rates. And it's important to get your coverage amount just right.
If you buy more coverage than you need, you're wasting money by paying high rates each month. If you don't buy enough coverage, you could get caught footing the bill for damage because your insurance won't cover everything after a disaster like a fire.
What does renters insurance cover in Massachusetts?
A renters insurance policy will cover your belongings if they're damaged or stolen, medical bills if a guest is injured, and extra costs if you can't stay in your home after it's damaged.
Personal property coverage
Pays to repair or replace property that's stolen, damaged or destroyed by a covered peril.
Additional living expenses (loss of use)
Liability coverage
Medical payments coverage
You may be able to add on coverage to improve your renters insurance policy.
Replacement cost coverage
Valuable items coverage
Renters insurance does not cover flood damage
Renters can buy a separate flood insurance policy to pay for water damage to their belongings from heavy rain, local flooding, coastal storm surge or runoff from snowmelt. However, a regular renters insurance policy won't pay anything if your belongings are damaged because of a flood.
Getting flood insurance for renters can be a good idea if you live in a rental that's on the ground floor or in an area that's likely to flood according to FEMA's flood maps. A typical flood insurance policy will only cover water damage, not mold damage. So you probably won't need renters flood insurance if you don't live on a lower level.
Amica is the best renters flood insurance company in Massachusetts.
Frequently asked questions
Who has the best cheap renters insurance in MA?
How much is renters insurance in Massachusetts?
Renters insurance in MA costs an average of $18 per month, which is $216 per year. That gives you $30,000 of personal property coverage, which is what an average person needs to completely replace all their belongings including electronics, furniture, clothes and other possessions.
When do you need renters insurance in Massachusetts?
You only need renters insurance if your landlord requires that you get a policy. However, it's a good idea to get renters insurance even if it isn't required. A policy can protect you from having expensive bills if your things are stolen or destroyed in a fire, or if there's an injury in your apartment.
Methodology
The cost of renters insurance in Massachusetts is based on an average of rates for the top companies using quotes for 24 of the largest cities across the state.
Quotes are for an unmarried 30-year-old woman with no claims history. Coverage limits include:
- $30,000 of personal property coverage
- $9,000 in loss of use coverage
- $500 deductible
- $100,000 of personal liability
- $1,000 of medical payments to guests
These sample rates can help you compare. However, your quotes may be different.
Editor ratings for renters insurance policies are based on a combination of affordability, customer service and plan quality. Research included data from the National Association of Insurance Commissioners (NAIC) and J.D. Power's renters insurance customer satisfaction study rankings.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.