7 Best Renters Insurance Companies in Massachusetts of 2026

Massachusetts is the 15th most populous state in the country but only the 44th by area, making it one of the most densely populated places to rent an apartment.

Many Massachusetts renters may not realize that their landlord’s property insurance doesn’t offer them any protection if their belongings are damaged, lost, or stolen.

Massachusetts law doesn’t require renters to buy insurance, but doing so is the only way to protect your property.

For that reason, PropertyNest recommends that anyone renting an apartment, condo, or home in Massachusetts cities such as Boston, Cambridge, Worcester, or Salem obtain renters insurance.

While Massachusetts isn’t prone to earthquakes, the state does experience heavy rain and snow and even the occasional hurricane.

The right renters insurance policy will protect you and your belongings.

According to PropertyNest research, Massachusetts's average basic renters insurance costs $16.02 monthly.

We have researched Massachusetts's best renters insurance companies, so you don’t have to do the work yourself.

Best Renters Insurance Companies in Massachusetts

• Lemonade – Best for Online Quotes and Services
• Liberty Mutual – Best Discounts on Renters Insurance
• Allstate – Best for People in Retirement
• State Farm – Best for Affordable Renters Insurance
• GEICO – Best for Customer Service
• Amica – Best for Coverage Customization
• Travelers – Best for Unique Coverage Options

Our Top Choice

Lemonade: Best for Online Quotes and Services

As a relatively new player in the renters insurance market, Lemonade doesn’t have a long history for us to explore.

What it does have is the ability to offer renters insurance in Massachusetts with a hefty helping of modern conveniences and online services.

Lemonade renters insurance is affordable and usually less expensive than the national average, and you can obtain a quote online in just a few minutes.

A bonus of choosing Lemonade is that the company has an annual charity event, Giveback, where they donate unclaimed money from policyholders to charity.

Lemonade’s prices are undeniably low, with renters insurance premiums starting at only $5 per month and an average cost of just over $15.

Your cost will also depend on your selected coverage limits and any additional options you may choose to include in your Lemonade renters insurance policy.

Without the long history of the other companies on our list, Lemonade has not yet been rated by traditional sources such as Moody’s and AM Best.

However, it does have some positive ratings to indicate its strengths.

Read a full Lemonade home insurance review.

Liberty Mutual: Best Discounts on Renters Insurance

Liberty Mutual Insurance was founded in Massachusetts in 1912, so it makes sense that we would choose it as one of the best companies for renters insurance in the Bay State.

Receiving high ratings for its financial strength and reliability, Liberty Mutual offers renters insurance that includes standard coverage and add-ons.

Best of all, renters who buy insurance from Liberty Mutual can save money with an impressive array of discounts, including several that can apply to almost every renter.

Liberty Mutual’s prices start as low as $5 per month for basic coverage, plus an impressive array of discounts, making them one of the most affordable companies for Massachusetts renters.

Companies that rate the financial strength of insurance carriers have awarded high ratings to Liberty Mutual.

Read a full Liberty Mutual home insurance review.

Allstate: Best for People in Retirement

We chose Allstate Insurance for our list because it’s one of the largest renters insurance companies in the US and a Fortune 500 company.

Allstate offers policyholders a convenient and well-designed mobile app plus an array of online options to simplify buying renters insurance and filing a claim.

One thing that sets Allstate apart is that the company offers a special discount to renters who are 55 or older if they are not actively seeking employment.

Retired people may not have the same disposable income as those who are still working, so we wanted to highlight the potential savings for retirees.

The average cost of Allstate’s renters insurance is about $16 per month, which aligns with the national average. Still, the company says policyholders pay as little as $4/month when they bundle auto insurance with renters insurance.

Let’s review the pros and cons of buying your Massachusetts renters insurance with Allstate.

State Farm: Best for Affordable Renters Insurance

Like some other insurance companies on our list, State Farm started as an auto insurance carrier.

State Farm is the largest property and casualty insurance company in the United States. It is a good choice for Massachusetts renters who want the peace of mind of knowing their insurance company is strong and reliable.

We also like that State Farm offers some higher policy limits than other insurance companies and receives high marks for customer service.

Best of all, they offer coverage that’s both comprehensive and affordable.

Despite offering only two discounts, State Farm is often considered one of the most affordable options in Massachusetts, with an average premium of approximately $10 per month, notably lower than the national average of $16.02.

As the US's biggest property and casualty insurance carrier, State Farm has received excellent ratings from all sources.

Let’s take a minute to review the pros and cons of buying your Massachusetts renters insurance from State Farm.

Read a full State Farm renters insurance review.

GEICO: Best for Customer Service

GEICO was founded by Lillian and Leo Goodwin in 1936, at the height of the Great Depression, selling only auto insurance.

The company was first known as the Government Employees Insurance Company, offering insurance to federal employees and select members of the United States Military.

GEICO passed the one-million policyholder mark in 1964, thanks partly to an investment from billionaire Warren Buffett, who learned about the company from one of his college professors.

As of 1996, GEICO is a wholly-owned subsidiary of Buffett’s company, Berkshire Hathaway Insurance, the second-largest insurance carrier in the US.

We should note that GEICO pairs renters with partner companies in some states, so you should read your policy carefully.

According to GEICO, renters insurance policies may start at $12 per month for basic coverage, with higher costs if you add additional services such as replacement coverage or scheduled valuables.

GEICO receives superior ratings for its financial strength and customer service.

These ratings indicate GEICO’s strong financial position and reliability, making it a safe choice for Massachusetts renters insurance.

Amica: Best for Coverage Customization

Amica Insurance is over 100 years old, having opened its doors in 1907 to offer auto, theft, and fire insurance.

The company has 44 locations across the United States and offers renters insurance in every state except Alaska and Hawaii.

Massachusetts renters can benefit from multiple discounts and flexible policy options, including high coverage limits.

Amica’s average monthly basic renters insurance premium is $15.17.

Here are the pros and cons of buying renters insurance from Amica.

Read a full Amica renters insurance review.

Travelers Insurance: Best for Unique Coverage Options

Travelers Insurance is our list's oldest renters insurance company, founded in 1863 in Hartford, Connecticut.

The company issued its first policy the following year, and today, it’s the second-largest property and casualty company in the United States, sitting at #97 on the Fortune 500.

While the company started selling liability insurance for travelers, it now sells various coverage types, including renters insurance.

We chose it for our list because Travelers offers some unique coverage options that you won’t be able to find anywhere else.

Travelers Insurance has an average monthly renters premium of around $17, which is slightly above the Massachusetts average.

Now it’s time to review the pros and cons of buying your renters insurance with Travelers.

Is Renters Insurance Mandatory to Rent an Apartment in Massachusetts?

Renter’s insurance is not required by law in Massachusetts; however, landlords may make renters insurance a requirement when signing a lease.

Although renters insurance is not legally required in Massachusetts, it is strongly recommended for protecting against unforeseen events that could lead to significant financial loss.

Why You Should Get Renters Insurance

You have the information you need about Massachusetts's best renters insurance companies, but why should you buy renters insurance when it’s not required under state law?

Here are six reasons why every Massachusetts renter should have renters insurance.

1. You may not have enough savings to replace all your belongings if lost or stolen, and renters insurance costs less than replacing everything.
2. Renters insurance provides peace of mind by paying you to replace your belongings.
3. Your landlord’s property insurance protects only their property – not yours.
4. You’ll be covered if someone is injured in your rental unit because renters insurance will protect you.
5. You can buy extra coverage for high-value items and special circumstances like identity theft.
6. You’ll be covered even if your belongings are damaged or stolen when they’re not in your apartment.

The monthly cost of renters insurance in Massachusetts is low, about the same as the cost of a casual meal out.

In return for that relatively small amount, you’ll receive the coverage you need to replace your belongings and even pay for you to stay somewhere else if your apartment is uninhabitable due to a covered event.

What is the Average Cost of Renters Insurance in Massachusetts?

Renters insurance is an important aspect of renters living in Massachusetts, yet many are unaware of the average cost.

According to PropertyNest research, the average cost of renters insurance in Massachusetts is $16.02 per month or $192.26 a year.

However, prices may vary depending on the type and amount of coverage and geographical location.

Renters need to become educated on the details of renters insurance before signing up for a policy to ensure that their possessions are properly and adequately covered at an affordable price.

Ultimately, renters insurance is relatively inexpensive, considering the security it provides to renters and belongings in Massachusetts.

What Are the Factors That Impact Renters Insurance Costs?

Renters insurance premiums are determined by four factors.

Deductible

Choosing a low deductible (with lower out-of-pocket expenses) will cost more than choosing a high deductible.

Coverage Limits

If you opt for a high coverage limit to cover your belongings, you should expect your premium to be higher than average.

Location

Renters in high-crime or high-cost areas should expect to pay more for renters insurance; for example, renters in the Beacon Hill neighborhood of Boston, where rents are high, are likely to pay more than renters in less expensive towns such as Athol and Bellingham.

Add-Ons

If you choose special coverage or other add-ons, these things will increase the cost of renters insurance.

How Much Renters Insurance Coverage Do You Need?

Before you choose a policy, you should determine how much coverage you need by taking an inventory of your personal belongings, including the following items.

• Clothing
• Electronics
• Furniture
• Jewelry
• Books
• Home decor items
• Small appliances & kitchen items

Take pictures and compare the actual cash value of items with their replacement value to determine how much coverage you need.

What Does Renters Insurance Cover in Massachusetts

Renters insurance covers some basic things, which can be augmented by additional coverage for an additional cost.

Here are the things that are typically covered by renters insurance.

• Damage to personal property. If your personal belongings are damaged, lost, or stolen, your renters insurance will pay for the loss based on your selected coverage.
• Personal liability. Your liability will be covered if a visitor to your home is hurt or their property is damaged.
• Medical expenses. If someone is injured in your home, your renters insurance will pay for some of their expenses.
• Additional living expenses. If your home becomes unlivable, your renters insurance will pay for you to live elsewhere.

What Renters Insurance Does Not Cover

Now let’s review what renters insurance doesn’t cover.

• Damage over your policy limit. Your coverage limit determines how much your policy will pay; for example, if the replacement cost of your belongings is $16,000 and your coverage limit is $15,000, you’ll need to pay for the final $1,000 out of your pocket.
• Damage caused by non-covered events. Certain events are not covered by renters insurance; for example, most policies don’t cover flood damage, and if your property is damaged in flood, it will not be replaced under your renters insurance policy.
• Loss or damage of unscheduled valuables. Any high-cost items you own, including art, jewelry, and electronics, must be scheduled separately at an additional expense; unscheduled valuables will not be covered.

We suggest reading the fine print of your renters insurance policy to be sure you understand your coverage.

Conclusion

At PropertyNest, we strongly recommend that every Massachusetts renter obtain renters insurance to safeguard their belongings and mitigate potential financial losses.

Whether you live in a big city like Cambridge, Massachusetts, or a small town like Ware in the western part of the state, you should buy renters insurance.

Remember, the property insurance your landlord buys does not protect your property; it protects theirs.

Massachusetts renters may want to consider extra coverage beyond renters insurance, particularly flood insurance, if they live near the water.

Read more: Does Renters Insurance Cover Water Damage?

We suggest obtaining quotes from at least three insurance companies to compare costs and discounts before you choose a policy.

Our Methodology

We thoroughly researched the state's top renters’ insurance companies and narrowed the list down to those that operated in Massachusetts. We rated them on criteria that included ease of use, ratings, financial strength, customer, and affordability. Read our full, in-depth renters insurance methodology.

How We Ranked and Picked the Best Renters Insurance Companies in Massachusetts

PropertyNest chose companies for this review of Massachusetts renters insurance using the following criteria.

Costs

We always want renters to find affordable coverage, so the insurance cost was a priority.

When we chose companies with higher-than-average costs, we ensured they were offset with available discounts or unique coverage options.

Discounts

Discounts allow renters to save money on their insurance premiums, so we prioritized companies that make discounts available – particularly discounts that are accessible to most renters.

Because paying for renters insurance adds to the expense of renting, we wanted Massachusetts renters to be able to save as much as possible.

Coverage Options

While basic renters insurance is similar from company to company, we recognize that some renters require additional coverage to protect themselves.

We chose companies that offer an array of add-on coverages, deductibles, and policy limit options to allow Bay State renters to find the coverage they need.

Customer Service

We don’t believe any renter should be frustrated when filing a claim when their property is damaged or stolen.

We selected Massachusetts renters insurance companies that receive good ratings for customer service and prioritize communication with their policyholders.

Technology

Today’s renters need the convenience of online and mobile services to make buying renters insurance and filing claims easy.

We prioritized renters insurance companies that offer excellent online resources, mobile tools, and customer portals.