Medford, MA Homeowners Insurance

Find the right homeowners insurance policy for you.


Convenient to Boston and everything that it has to offer, Medford, MA is a great place to live in itself. The quieter streets lined with historic homes tie people to the city going back generations, never really in contrast to the hectic pace of Tufts University. It’s a great place to own a home whether you want to be in the middle of it all or want a little space to breathe. Like the high cost of owning a home in Medford, home insurance isn’t easy to find at a cost you can afford. But it’s absolutely critical.

It’s important to protect your investment from unforeseen circumstances. Our independent insurance agents are there to help you find the insurance that fits your home and your budget. Since they aren’t tied to one company, they will get you multiple quotes to find the insurance that is right for your lifestyle at the lowest cost.

Homeowners insurance is expensive in Medford. Across the United States, homeowners spend on average $1,034 per year on home insurance premiums, but in Massachusetts, it runs $1,150. This ranks the state 11th overall in cost. Every homeowners insurance policy is as unique as the home that it covers, as there are many factors that go into determining your premium:

  • Home's age and type of construction - Wooden homes are more likely to suffer damage, and older homes are more likely to have electrical fires.
  • Home’s location - How likely are fires? Crime?
  • Claims history - More claims will make your coverage more expensive.
  • Risk factors on the property - Swimming pools and trampolines figure prominently.
  • Credit score - A low credit score is indicative of a high risk.

It’s important to check with your agent to find the insurance that best fits your home and situation. There may be many things that you can do to keep your insurance cost low as well.

Medford Second Home and Vacation Home Insurance

While second homes are rather rare in Medford, there are some people who have to maintain a second home here for business reasons. It’s common to insure a second home for less than a primary home in order to save money, usually by not insuring the contents fully. If you opt to do this, you are taking on the risk yourself if something happens. Generally, it costs a bit more to insure a second home because no one is there to watch it all the time. A security system helps keep the cost low and protects you against any loss whether you have your home fully insured or not.

Number of Thefts in Medford

Burglaries are relatively rare in Medford and across the Commonwealth. The statistics for recent years tell the story:

  • Across the U.S., the average state had 37,814 burglaries.
  • Massachusetts reported only 30,735 thefts from homes.

Typically, your homeowners insurance pays for all costs caused by burglary damage even if your home’s contents are not insured. You can cover the valuables in your home at either the current value, which depreciates with time or at full replacement cost. The latter is a bit more expensive, but if you do experience a theft from your home, you’ll be back up much quicker and enjoying the same life you had before the break-in.


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Our independent agents shop around to find you the best coverage.

Number of Catastrophes in Massachusetts

With no reported earthquakes and very few storms, Massachusetts has one of the lowest rates of widespread damage from catastrophes:

  • In recent years, 140 catastrophes were reported.
  • 2 tornadoes are included in this total.
  • 1 in 15 insured homes has a claim every year.

Although the Bay State has very mild weather, you still want to have the right insurance in the rare event of a sudden downpour or a wicked nor’easter. It’s important to protect your home in Medford no matter what might happen.

What Are the Risks in Medford?

While the risks are relatively low and home insurance is comparably less expensive than in many places, every home in Medford has some liability. For example, the many trees that line the nicest blocks can be a hazard if they fall and injure someone. You have to be ready for all kinds of risk, which is why homeowners insurance is so important.

Compare Medford Home Insurance Quotes

Homeowners insurance is not particularly complicated, but you need to have the best insurance for your home. It’s also important to know what you can do to keep your cost low, such as keeping your home in the best condition possible. For all these concerns and more, talk to your independent insurance agent. Agents live right here in Medford and know the risks associated with your home and will get you the quote for a policy that fits your needs.

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