Home Insurance Report Part III: Policies by Massachusetts County

Agency Checklists’ third installment of the Commissioner’s Annual Report on Home Insurance in Massachusetts takes a look at the latest data for policy numbers by Massachusetts county.

 Since 1996, the DOI has been required to produce a home insurance report pursuant to M.G.L. c. 175 Sec. 4A & 4B. Unlike private passenger auto insurance in Massachusetts, there are no specific laws requiring that a property owner purchase home insurance.

Total Number of Home insurance coverage rates by Massachusetts County

There was a total of 2,156,581 home insurance policies in force during the calendar year 2021. This number represents an increase of 99,110 policies from 2020 to 2021 or an increase of 4.82%.

Of that number:

Homeowner’s insurance policies increased by 51,987

Tenant and condominium policies increased by 36,259.

Home insurance coverage rates by Massachusetts County

Similar to past years, Middlesex County continues to have the greatest number of homeowners and home insurance policies in the Commonwealth. The following table breaks down the total number of policies according to Massachusetts county.

2021 HOME INSURANCE POLICIESBY COUNTYMiddlesex484,819Worcester260,051Essex241,290Norfolk227,671Suffolk205,912Hampden and Hampshire182,411Plymouth172,269Bristol164,694Barnstable, Dukes, and Nantucket143,806Berkshire and Franklin73,656

Percentage of Home Insurance Policies Voluntary v. FAIR Plan

The next chart graphs the number of home insurance policies by county. In addition, it shows what percentage of the total policies in each county were voluntary versus policies issue through the FAIR Plan. As to be expected, with the FAIR writing approximately 34.8% of the total policies on the Cape and Islands, that market share is represented in the graph in the counties representing those areas: Barnstable, Dukes, and Nantucket. The county with the second-largest proportion of FAIR Plan policies written is Suffolk County.

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Chart source DOI Annual Home Insurance Report

As the following graph illustrates, the DOI noted that the number of home insurance policies remained consistent in each Massachusetts county from 2020 to 2021.

Chart source <span class=glossaryLink aria describedby=tt data cmtooltip=<div class=glossaryItemTitle>DOI<div><div class=glossaryItemBody>lt wpparagraph gtDivision of Insuranceltbrgtlt wpparagraph gt<div> data mobile support=0 data gt translate attributes=attributedata cmtooltip formathtml>DOI<span> Annual Home Insurance Report

How to read the other articles on this year’s Home Insurance Report

For those individuals interested in reading our earlier articles on the Annual Home Insurance Report from the Massachusetts Insurance Commissioner, please refer to the following articles:

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