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

Place Name/Near by place Typical Insured Amount ($) High Deductible($)
($2500)
Low Deductible($)
($500)
Salem, MA $331300 $857 $1,179
Saugus, MA $361600 $739 $1,017
Wilmington, MA $422800 $686 $944
Billerica, MA $371500 $964 $1,327
Marblehead, MA $611100 $749 $1,030
Quincy, MA $384600 $1004 $1,381
Pinehurst, MA $376400 $696 $957
Swampscott, MA $450600 $753 $1,036
Cambridge, MA $670200 $932 $1,283
Middleton, MA $461500 $782 $1,076

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

Coverage Amount Home Insurance Cost ($)
$100,000 $319
$200,000 $1,097
$300,000 $1,492
$400,000 $1,835
$500,000 $2,349
$750,000 to $1000,000 $2,716
Above $1000,000 $3,211


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

Average Home Insurance Cost($)
National Average $1224
Salem, MA Average Home Insurance Cost$1,193.4
State Average Home Insurance Cost$1,410
Difference Vs national Average-30.6

Top Homeowners Insurance Companies in Salem, MA

Insurance Provider Average Homeowners Insurance Cost($)
Liberty Mutual $1,247
Travelers $1,124
Safety $1,087
Citation $850

Salem, MA Home Insurance Discounts For Different Number of Claims

Type Discount/Extra Cost in ($) Premium After Claim Payout ($)
Claim Free -167 1026
One Claim +84 1277
Two Claims +167 1360