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In Salem, Massachusetts, Homeowners pay an average home insurance rate of $1,326 which is lesser than the state average of $1,410. Salem homeowners can make use of discounts offered by home insurance companies to reduce their home insurance rates. Below is a list of the discounts provided to Salem homeowners that they can take advantage of to save on home insurance.

Newly constructed Salem homes can avail of discounts of up to $278 on homeowners insurance. New homes have less propensity to damage. As a result, home insurance companies offer substantial discounts to newly built homes. On the other hand, older homes attract higher insurance rates. Salem homes older than 40 and 50 years pay a premium of $1,360 and $1,390, respectively, on home insurance.


Home insurance companies consider the lifestyle of homeowners to determine insurance rates. If all the household residents are non-smokers, insurance companies offer special discounts on home insurance rates. Salem homeowners who own a swimming pool attract an additional insurance cost. Installing a fence around the pool with self-latching and self-closing gates will help homeowners get discounts from home insurance companies. Additionally, senior citizens in Salem receive a discount of $186 on home insurance.

Although most of the factors to avail discounts are not under the purview of homeowners, they can benefit most by choosing deductibles to reduce home insurance rates. Homeowners can avail of attractive discounts by opting for higher deductibles. Salem homeowners opting for a high deductible of $2,500 pay $952 on homeowners insurance. Homeowners pay $1,013 and $1,116, respectively, on deductibles of $2,000 and $1,500.

Salem homeowners receive a bundle discount of $186. Home insurance companies provide discounts to homeowners who have a claims-free history. Homeowners with a claims-free history in Salem receive a discount of $186. In contrast, homeowners with prior claims can attract an additional charge on their home insurance premiums. The cost of home insurance in Salem increases by up to 44% based on the nature and number of claims. Salem homeowners who have a history of two fire claims and two water claims attract an additional charge on their home insurance.