Massachusetts Insurance Requirements & Rates

Massachusetts requires minimum liability coverage of 20/40/5 (bodily injury per person / per accident / property damage). Massachusetts is a no-fault state, meaning your own insurance pays for your injuries regardless of who caused the accident. Uninsured motorist coverage is required. Personal injury protection (PIP) is also required.

Massachusetts homeowners face risks from nor'easters, hurricanes, flooding, winter storms. The flood risk level is moderate and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $1,837.

Massachusetts requires all motorcycle riders to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is april–october.

Yes, workers' compensation insurance is required in Massachusetts. Sole proprietors with no employees may opt out. Massachusetts has approximately 700,000 small businesses, with top industries including Biotechnology & Pharma, Technology, Higher Education.

Yes, Massachusetts has expanded Medicaid. The state has its own state-based health insurance marketplace at https://www.mahealthconnector.org. The uninsured rate is 3%.

Yes, landlords in Massachusetts can require tenants to carry renters insurance as a condition of the lease. About 38% of Massachusetts residents are renters, with average monthly rent of $1,595.

With a median household income of $89,645, most Massachusetts families should consider 10-12x their annual income in life insurance coverage. Currently, 55% of Massachusetts households have life insurance.