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Home Insurance Costs with Deductible Scenarios in Peabody, MA & Nearby Areas

Place Name/Near by place Typical Insured Amount ($) High Deductible($)
($2500)
Low Deductible($)
($500)
Peabody, MA $356200 $921 $1,267
Newbury, MA $466700 $796 $1,095
Watertown Town, MA $480500 $786 $1,082
Gloucester, MA $381000 $721 $992
Salem, MA $331300 $857 $1,179
Melrose, MA $463300 $787 $1,082
Bedford, MA $605900 $735 $1,011
Billerica, MA $371500 $964 $1,327
Quincy, MA $384600 $1004 $1,381
Andover, MA $603700 $934 $1,285

Impact of Coverage Amount on Home Insurance Cost In Peabody, MA

Coverage Amount Home Insurance Cost ($)
$100,000 $350
$200,000 $1,048
$300,000 $1,465
$400,000 $1,778
$500,000 $2,276
$750,000 to $1000,000 $2,631
Above $1000,000 $3,112


Peabody, MA Homeowners Insurance Rates Compared to State & National Average Rates

Average Home Insurance Cost($)
National Average $1224
Peabody, MA Average Home Insurance Cost$1,282.5
State Average Home Insurance Cost$1,410
Difference Vs national Average58.5

Top Homeowners Insurance Companies in Peabody, MA

Insurance Provider Average Homeowners Insurance Cost($)
Liberty Mutual $1,247
Travelers $1,124
Dorchester Mutual $881
State Farm $878

Peabody, MA Home Insurance Discounts For Different Number of Claims

Type Discount/Extra Cost in ($) Premium After Claim Payout ($)
Claim Free -167 1116
One Claim +77 1359
Two Claims +180 1462