Needham Homeowners Insurance

(Find the right homeowners insurance policy for you.)

Ann Herro, Insurance Expert Written by Ann Herro
Ann Herro, Insurance Expert
Written by Ann Herro

Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.


More than just another bedroom community around Boston, Needham, MA is a great place to live in. It’s convenient to the entire Boston area through the Needham Line and not far from employment centers in Worchester, too. And a weekend in the Berkshires or on Nantucket is not out of the question. For the small-town feel in the middle of a lot of big cities, it’s hard to beat Needham.

To own a home here and enjoy it is to insure a home here, and thankfully, Needham home insurance is more affordable than insurance in many other parts of the metro area. But you have to shop around to get the best deal. Your Independent Insurance Agent will help you navigate the options and find the policy you need to cover your risks so that you can enjoy the good life worry-free. By obtaining multiple quotes from many different companies, your agent will get you the coverage you need at the most affordable price.

Home insurance is expensive in Massachusetts, largely because homes themselves are pricy. On average, homeowners spend $1,034 per year on insurance premiums, but in the Bay State the average is $1,150. This ranks the state 11th overall, which is a bit on the high end. A mild climate with few natural disasters is the main reason. Many considerations go into determining the cost of insuring your home, however, including the following:

  • 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 disasters? 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 means you are a high risk.

That’s why shopping around for the right insurance for your home and your lifestyle is so critical to finding the right insurance for yourself.

Needham Second Home and Vacation Home Insurance

Second homes are pretty rare in Needham, with just a few people keeping one – usually business owners who need access to the city without the hassle. Generally, it costs a bit more to insure a second home because no one is there to watch it all the time. For that reason, many owners of second homes opt to have lower coverage. This is a risky thing to do and doesn’t always save you money in the long run.

It’s always best to insure a second home just as you would a primary residence. There are ways you can do this and keep your costs low. A security system helps keep the cost low and protects you against any loss whether you have your home fully insured or not. If you work with your insurance agency, you can find the options that work with their policies and your home.


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Number of Thefts in Massachusetts

While home insurance is typically higher in Massachusetts than in other states, there are a few things that bring the cost down. The most important is a low rate of break-ins, which is a bit less common than average – as shown in these data from recent years:

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

Any homeowners policy will cover damage to the home from a break-in and will cover any damage to other property that is considered part of the house. You can also choose to cover the contents of your home at replacement value or at current value, depending on your needs. It is best to get a quote for every option so that you can decide what is affordable with your budget.

Number of Catastrophes in Massachusetts

The Bay State has one of the lowest rates of widespread damage from catastrophes. Storms are relatively rare and earthquakes are unheard of. Even a small number of events can cause a lot of damage, however:

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

The right insurance policy protects you from damage caused by storms. Even though they are rare in this climate, when they do strike, you have to be ready. A good insurance policy makes all the difference when it’s time to clean up and put your home back together.

What Are the Risks in Needham?

While the risks are relatively low and home insurance is comparably less expensive than in many places, the liability you take on simply by owning a home is large. For example, if you have a trampoline, you also have an “attractive nuisance” that may cause injuries to visitors. Even uninvited guests on your property can sue you for any injuries they incur at your home. You need to be covered for a wide variety of potential risks, some of which you may not even be aware of.

Compare Needham Home Insurance Quotes

Talk to your Independent Agent to find the best homeowners insurance that fits your home, your lifestyle and your wallet. With extensive knowledge of the companies that cover homes in Needham, your agent will find the quote that works for you at a price you can afford.

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