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By: Ramu Garuda  August, 05, 2019

According to a Gavop study, Massachusetts’ homeowner pay an average homeowners insurance rate of $1,375. Massachusetts is one of the 19 states in the country with a mandatory hurricane deductible. The average premium rate for a hurricane insurance policy in Massachusetts is as much as $1,200 per annum.

Many insurance firms in Massachusetts have added mandatory wind deductibles to their standard policies. These deductible rates are a percentage of the coverage amount or flat dollar amounts and are mainly applicable in coastal territories such as Bristol, Barnstable, Plymouth, and Nantucket. Of the top 25 insurance firms in Massachusetts, 21 have mandatory wind deductibles that are as high as 5% of the coverage for the main structure.

The cost of hurricane insurance widely varies by the property’s location and the amount of insurance coverage needed. Homeowners with properties near coastal regions generally pay a much higher hurricane insurance coverage than those living away from coastal regions.As observed in the map below, the state of Massachusetts lies in a zone with high hurricane probability.


The probability of a hurricane wreaking havoc in the state of Massachusetts is ever increasing given the rising water temperatures in the Atlantic Ocean.

Some of the major hurricanes that have affected Massachusetts include

  • Hurricane Noel, 2007
  • Hurricane Bill, 2009
  • Hurricane Earl, 2010
  • Hurricane Irene, 2011
  • Hurricane Sandy, 2012

Buying a hurricane insurance ensures that Massachusetts homeowners are covered from

  • wind-related damages caused by hurricanes
  • tropical cyclones
  • tropical storms
  • damage caused by flying debris and fallen trees due to wind
  • Water seepage through a roof, door, or window damaged by wind

Homeowners should be aware that hurricane insurance does not cover flood damage caused by hurricanes. They must purchase a separate flood insurance policy from the National Flood Insurance Policy (NFIP) to insure themselves against property damages caused by rising water levels.


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Ramu Garuda

Ramu is a research analyst with over 9 years of analytics & research experience. Prior to joining the company, he worked with some of the prominent consulting and market research firms in India, including Pride Technology (Supporting consulting projects to PWC), RR Donnelly, and The Hackett Group. His skills include company profiling, benchmarking, data and trend analysis, industry analysis, and report writing across the industries. Ramu holds a Master’s degree in Finance and Marketing. He also has a bachelor’s degree in Biotechnology.