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Factors Impacting Homeowners Insurance in Billerica, MA

The average price of home insurance in Billerica, MA, is $1342. Homeownership is a major investment that requires adequate protection from potential risks such as damage, theft, or liability claims. Homeowners insurance is a crucial safeguard that provides financial coverage in case of unexpected events. However, the cost of homeowners insurance can vary significantly based on several factors. For homeowners in Billerica, Massachusetts, understanding the factors that impact insurance rates is essential to making informed decisions about their coverage options. In this article, we will explore key factors influencing homeowners insurance rates in Billerica, MA, and provide insights to help homeowners choose the right coverage for their needs and budget.

Factors affecting home insurance in Billerica, MA:

1. Home insurance rates by coverage levels

2. Home insurance rates by deductibles

3. Home insurance rates by the age of the house

4. Home insurance rates by the safety features

Homeowners Insurance in Billerica, MA - Rates by Coverage Level

The level of coverage you choose can also affect the cost of homeowners insurance in Billerica, Massachusetts. The more coverage you select, the higher your premiums will be. However, having enough coverage to protect your home and personal property from unexpected events such as fires, theft, or natural disasters is important. When choosing coverage, consider the value of your home, the cost of replacing personal belongings, and the potential risks in your area. For example, in Billerica, Massachusetts, homeowners pay $1479 for home insurance for $300,000 and $374 for $100,000.

Based on coverage, the prices for home insurance in Billerica, MAssachusetts, are shown in the chart below.

Homeowners Insurance in Billerica, MA - Rates by Deductibles

The cost of homeowners insurance in Billerica, Massachusetts, can also be influenced by the deductible amount you choose. A deductible is an amount you agree to pay out-of-pocket before your insurance policy begins to cover any damage or losses. The higher the deductible you choose, the lower your monthly premiums will be. However, choosing a deductible that you can comfortably afford is important in case you need to file a claim. For example, Billerica, Massachusetts homeowners who choose a $2000 deductible to pay $1026 or their home insurance. When choosing a $500 deductible for their home insurance in Billerica, Massachusetts, homeowners pay $1327..

Homeowners Insurance in Billerica, MA - Rates by the Age of the Home

The cost of homeowners insurance in Billerica, MA, is directly linked to the age of the home. As the house gets older, insurance costs increase due to the likelihood of expensive repairs and weather-related damage. Older homes are more prone to problems like plumbing or electrical issues and more vulnerable to weather events such as hail or wind. This is why insurance premiums for older homes are generally higher than for newer ones. For example, a 30 or 40-year-old house in Billerica, MA, will cost $1363 and $1378 for homeowners insurance, whereas a recently constructed home will only cost $1061.

Homeowners Insurance in Billerica, MA - Rates by the Safety Features

Homeowners insurance rates in Billerica, Massachusetts, vary based on the safety features installed in a home. For their insurance premiums, houses with deadbolts and fire extinguishers pay $1168 and $1222, respectively. Suppose you're a homeowner in Billerica and want to save on your insurance costs. In that case, it's worth discussing the available discounts with your insurance agent to ensure that your home has appropriate safety features.

Top Home Insurance Companies in Billerica, MA

Home Insurance Company A.M. Best Financial Strength Rating Homeowners Insurance Market share
State Farm A 18.42%
GEICO A++ 16%
Liberty Mutual A 10.26%
Allstate A+ 9%
Nationwide A+ 5%

Top State Farm Home Insurance Agents in Billerica, MA

Homeowners Insurance Agents Agent Address Contact Details
Ted Rose 80 Main St
1748
(508)318-4848
Emily Longueira 163 Manchester St Ste 2
www.emilylongueira.com 3301
(603) 225-0533
Tim Gallegos 31 Washington Street
2481
Roy Byrd 34 Cambridge St Ste 140
1803
Larry Brugier 1098 MAIN ST
2301
508-580-0558
Kimberly Lee 247 NEWBURY ST
www.insuremekim.com 1923
978-777-7030
Kyle Bradshaw 636 EDDIE DOWLING HWY
www.mydallasquote.com 2896
401-765-1400
Benjamin Toler 171 N Main St Ste 1
www.toleragent.com 03301-5070
603-224-5298
Jane Sullivan 57 MAIN ST
www.janesullivanins.com 1742
978-369-4313
Frank Divilio 636 Eddie Dowling Hwy
www.sfmarylandinsurance.com 2896
(401) 765-1400

Top Liberty Mutual Home Insurance Agents in Billerica, MA

Homeowners Insurance Agents Agent Address Contact Details
Sylvia Callaway 83 Hale Street
1915
Shawn Stiger 144 Gould St. Suite 152
2494
Vaunda Reese 403 Franklin St
2176
Eduardo Saguier 36 Larch St
3102
(603) 627-9535
Oscar Vega 2194 MAIN ST
1742
(978) 369-0677
Steven W Kemph 109 W Foster St
2176
Susan Gonzalez 374 Belmont Street
1604
(508)282-3459
Jane Ortiz Lutcf 81 COMMONWEALTH AVE
1742
978-369-0110
Michelle Yang 160 Federal St
2110
(781) 986-4400
Shukura Oni Hicks 743 Centre Street Jamaica\u00a0Plain
2130

Top Nationwide Home Insurance Agents in Billerica, MA

Homeowners Insurance Agents Agent Address Contact Details
Stacey D Collins 424 Adams St Ste 102
2186
Homer C Davis 95 PLEASANT ST
2190
781-335-4100
Lawver Insurance & Financial Services Inc. 1 SUMMER DRIVE
1475
978-297-0472
Jane M Irish 199 GREAT ROAD
1720
978-597-6789
Mountain Plains Agency Llc 389 OLD RIVER RD
2838
401-769-9500
Stephen J Balkun 20 Commercial Rd Ste 1 Leominster
1453
H. Lee Granger 225 Lowell Rd
3051
(603) 880-4090
Craig Insurance Group Inc 819 Second Street
03102-5272
603-622-1314
The Ausband Agency Inc 274 Main Street
1570
Shellhammer Atwood Agency 406 Beach Parkway
2151
(781) 289-3627

Top GEICO Home Insurance Agents in Billerica, MA

Homeowners Insurance Agents Agent Address Contact Details
Steve Allen 6 Congress Street
1757

Email:sallen@geico.com
Jerry Sorrels 309 DANIEL WEBSTER HWY
3054
603-424-9901
Email:jsorrels@geico.com

Top Allstate Home Insurance Agents in Billerica, MA

Homeowners Insurance Agents Agent Address Contact Details
Steve Fejes 963 Charles St North\u00a0
2904
Kevin Mlynarek 1 Wall Street
1803
Tom Vujatov 61 Highland Avenue
2949
Thomas Young 121 Mystic Avenue Suite 14
2155
Wayne Woolston 635 Mass Avenue 635 Mass Avenue Arlington
2476
John Darfler 475C HIGH ST
3878
603-692-3431
Michael Garcia 200 Lafayette Rd. Unit 5
03862-2461
(603) 964-9555
Tri County Chiefland 301 Littleton Rd
1886
Holloway & Hunt Ins 271 MASSACHUSETTS AVE
2474
781-643-0400
Terry Koubele 500 Winthrop St
2769

Homeowners Insurance Comparison for the Cheapest Premiums in Billerica, MA

AllstateNationwideGEICO
Median Home Value ($) 354,350364,350374,350
Construction year 194420101981
Home Coverage ($) $400000-$500000$400000-$500000$400000-$500000
Total Premium ($) $3264$2736$2633

Billerica, MA Multi Policy Discounts by Home Insurance Companies

Home Insurance Company Multi Policy Discount (%)
Liberty Mutual upto 17%
Nationwide upto 6%
GEICO upto 20%
Allstate upto 22%