Are you on the search for the best health, business, car and homeowners insurance companies in Massachusetts?
Do you want to secure and protect your properties from risks and damages?
Here is a guide that will enlighten you on all you need to know about the best insurance providers in Massachusetts.
Also, you will know what it will cost you and the procedures involved in getting an insurance quote.
However, if you’re living in other states in the US, you might want to check out other articles below.
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4 Best Health Insurance Companies in Massachusetts
Currently, there are nine health insurance providers on the Massachusetts exchange.
However, only five companies made it to the list of the best health insurance firms in Massachusetts.
The list includes;
#1. Tufts Health Plan Direct
At Tufts, the health insurance plan is affordable and flexible for all.
Since its inception in 1979, Tufts Health Plan has a nationally recognized track record for its commitment to providing innovative, high-quality health care coverage.
Tufts Health insurance policy offers her clients an array of health management programs.
This program supports evidence-based approaches to health and wellness.
#2. Health New England
Next on our list of best health insurance providers in Massachusetts is the Health New England.
Health New England is one of the top health insurance companies in Massachusetts which has a flexible health plan that can accommodate any budget.
#3. BMC HealthNet Plan
BMC HealthNet Plan is one of the Massachusetts best health insurance companies.
Majorly, they provide health coverage for Massachusetts residents.
And for the records, the company has over 20 years experience in managing and ensuring quality healthcare.
BMC provides coverage such as qualified health plans, connectorcare, and medicaid options.
Besides that, they are the most affordable health insurance company in Massachusetts.
#4. Harvard Pilgrim Health Care
Harvard Pilgrim Health Care is one of Massachusetts leading not-for-profit health insurance companies.
The health insurance plans of Harvard pilgrim health care provides varieties of benefit options.
Majority of clients choose Harvard Pilgrim because they have a consistent track record of customer satisfaction.
And regardless of what you have and budget, this health insurance provider has plans to fit your needs.
Other insurance companies that can give you a proper health coverage in Massachusetts include;
- Fallon Health
- Delta Dental of MA
- AllWays Health Partners
- Blue Cross Blue Shield of Massachusetts
5 Best Insurance Companies in Massachusetts for Homeowners
Because Massachusetts is located close to the coasts, it’s susceptible to Atlantic hurricanes.
And the storms that rage in the cities are remnants of stronger storms.
These storms bring high amounts of rainfall and flooding to the state.
With these ranges of natural disasters, homeowners are at the risk of losing their homes at the sound of rain or waves.
However, recovery wouldn’t be much of a challenge if your home is insured.
Hence the need for homeowners to work with the best insurance companies in Massachusetts.
To that regard we bring you the best health insurance companies Massachusetts residents can insure their homes.
#1. Safety Insurance
Safety insurance company is one of the companies in Massachusetts that offer amazing affordable insurance rates for homeowners.
In addition to their affordability, the insurance provider allows customers to customize their coverage according to their budget.
Majorly, the company offers 3 levels of coverage: the Supreme, Supreme Plus and Complete plans.
Their exceptional customer relations made the NAIC score them above-average in the NAIC’s complaint index.
#2. Quincy Mutual
Many clients choose Quincy Mutual because it’s one of the most affordable insurance companies in Massachusetts for homeowners.
In our study, we discovered that the company offers cheap insurance with good protection and no frills.
Customers have the opportunity to qualify for discounts if they bundle your home insurance with an auto policy.
Although Quincy has a very high customer satisfaction, its insurance policies do not allow for a substantial amount of personalization beyond a few add-ons.
However, if you’re on the lookout for cheap homeowners insurance companies in Massachusetts, Quincy Mutual should be your first consideration.
If you’re looking for a home coverage for your antique house then MAPFRE is your best bet in Massachusetts.
MAPFRE’s restorationist package majorly caters for customers with antique or historical homes.
In addition to that, the MAPFRE’s Restorationist package comes with a guarantee of replacement cost and ordinance coverage for your property.
Also, this insurance provider could be a good option for you even if you don’t have an antique or historical building.
Chubb is best known to be an insurance company that offers covers to high-value homes in and around Massachusetts.
Besides the normal home coverage, Chubb offers flood insurance.
Also, in Chubb Masterpiece homeowners insurance, customers get an extended replacement cost coverage.
This allows you to settle for a monetary payout if you decline to rebuild your property.
In addition to that, you can access complimentary home appraisals.
#5. United Property and Casualty Insurance (UPC)
Most insurance companies in Massachusetts offer the best coverage for homeowners.
However, some policies do not cover flooding damages.
Therefore, UPC is one of the insurance companies in Massachusetts that offers one of the best private flood insurance.
UPC’s expertise in insuring coastal properties makes it worth considering.
Basically, this insurance provider specializes in providing insurance to coastal communities and states that can experience flooding and hurricanes.
4 Best Car Insurance companies in Massachusetts
In 2020, there were over 100,000 crashes in the Bay State which resulted in over 14,000 injuries and 328 deaths.
Having a car insurance policy is a way to get your property back in order in case of an accident or crash.
Besides that, it’s an essential part of your financial plans.
Although car insurance is very necessary, there are major considerations to keep in mind when shopping for car insurance.
- Price of a policy
- Policy features
- Financial strength ratings
- Company’s third-party customer satisfaction
When you consider these, then choosing an insurance company would not be a tactful venture.
But here is a list of the best insurance companies in Massachusetts for your car coverage.
For a car insurance coverage with Geico, Massachusetts drivers get to save more money due to the availability of many discounts.
Also, car insurance clients can save by insuring multiple vehicles, being a federal employee, having a vehicle with certain safety features, or getting good grades.
Because Geico operates with highly-rated digital tools, their services are top-notch which makes it appealing if you like operating online or through an app.
But the sad news is that the insurance policies at Geico are relatively basic.
And also, there are few options for personalization or customization.
#2. Amica Mutual
Here’s another company in Massachusetts that offers a unique car insurance dividend policy.
On probability, this dividend can return up to 20% of your premium each year.
In addition, this is one of the car insurance companies that offer several discounts in Massachusetts.
We do not recommend Amica for Massachusetts residents with driving incidents on their records.
However, the company could be a great choice for drivers with clean driving histories.
If you’re looking for a highly customisable insurance policy, Progressive will be worth your time.
However, the premium is high.
In addition, there are other optional coverages customers can go for.
Such include gap insurance, ridesharing coverage and custom parts coverage.
Allstate is one of the top companies that offer car insurance in Massachusetts and USA at large.
With the availability of discounts, clients can help lower car insurance costs.
Using the Drivewise telematics program, clients can learn safer driving habits while saving money.
However, the NAIC says Allstate receives a higher-than-average number of complaints.
3 Best Business Insurance Companies in Massachusetts
Protecting your business against risks is one way to stay long in the business.
However, to help manage the risk, you need to secure an insurance policy with the best business insurance companies in Massachusetts.
In a bid to help you streamline your search, we have come up with the best insurance providers for your business.
Hiscox is a business insurance company best for independent contractors.
Also, this insurance company offers customized solutions for 180+ different industries
Such includes; salons, fitness instructors, consultants, therapists, janitors, and acupuncturists.
Here is one of best business insurance companies in Massachusetts. It is the second-largest business auto insurer in the USA.
Progressive insurance company offers discounts for bundling multiple business insurance policies.
Also, they cover varieties of risks and vehicle types
Majority of the insurance policy progressive offers includes, physical damages, hired auto, and non-owned coverage.
Hartford is one of the best business insurance companies in Massachusetts.
This insurance provider has varieties of business insurance policies for over 51 professions.
That means regardless of what you do, Hartford has coverage for your business.
In addition to this, Hartford offers amazing discounts for bundling policies.
However, the sad news is that Hartford has a pore online platform.
Which means you have to go to their office in Illinois to get an insurance plan.
Frequently Asked Questions About Best Insurance Companies in Massachusetts
What’s the average cost of car insurance in Massachusetts?
The average cost of car insurance in Massachusetts is $1,223 annually for full coverage and $510 annually for minimum coverage.
What is the cost of insurance for homes in Massachusetts?
Depending on factors such as type of home, location and duration of insurance, the cost might differ.
But on the average, the cost of homeowners insurance in Massachusetts is $1,161 per year.
What are the Best Insurance Companies in Massachusetts I Can Work For?
If you’re looking to work with an insurance company as a staff or agent, here are the top 20 insurance companies to consider;
- The Hanover Insurance Group
- Massachusetts Mutual Life Insurance …
- Liberty Mutual
- John Hancock Life Insurance Company
- MAPFRE Insurance
- Plymouth Rock Assurance
- Safety Insurance
- W.B. Mason
- Fallon Health
- Homesite Insurance
- New England Life Insurance Co
- Commonwealth Annuity and Life Insurance
- State Fund Insurance Agency
- Arbella Insurance Group
- Holyoke Mutual Insurance Co
- Delaware Life Insurance
- Commonwealth Auto Reinsurers
- Morrill Group