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Corin Cook

By: Corin Cook on September 23rd, 2021

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How Much Does Massachusetts Umbrella Insurance Cost?

Individuals & Families | Personal Umbrella Insurance

A lot of people immediately dismiss the possibility of getting umbrella insurance because they don’t want to spend more money on insurance. We get it! You’re already paying for several different types of insurance. Why would you want to increase your bill to get additional, optional insurance that you may never need to use?

But what if we told you umbrella insurance is probably way more affordable than you think and may be worth it for the extra protection?

At Berry Insurance, we help many of our clients get additional liability coverage through umbrella insurance and most times, their premiums only cost them a few extra bucks a month!

In this article, we’ll give you an estimate on what umbrella insurance can cost, get into the factors that influence it, and give some real examples of insurance premiums for Massachusetts residents.

What a MA umbrella insurance policy costs:

The cost of an umbrella insurance policy can vary based on a number of factors (which we will get into below) but you can expect a $1 million policy to cost between $160 and $500 per year. 

As you increase policy limits beyond $1 million, the premium cost increases in smaller increments. 

For example a $2 million policy might only cost 1.8 times the cost of the million dollar one (rather than double), a $3 million dollar policy might cost 2.55 times the million dollar policy (rather than three times) and a $10 million dollar policy might cost 8.9 times the million dollar policy (rather than ten times). 

Factors that influence the cost of MA umbrella insurance:

The cost of each umbrella insurance policy will vary from person to person, based on many factors. Here’s what you can expect to play a role.

Umbrella insurance limits:

As we mentioned above, you can buy umbrella insurance in increments of $1 million dollars.

The higher your limits, the higher the cost of your umbrella insurance policy.


When calculating a quote, insurance carriers will evaluate all of your exposures to see how much opportunity for risk you actually have. The higher your risks, the higher your premium will be. Some of the things they will consider is:

  • Number of properties
  • Number of autos
  • Driver history
  • Number, age, and experience of drivers
  • Number of watercraft, snowmobiles, etc.
  • Pools, trampolines, play sets, etc.
  • Number and breed of dogs
  • Your occupation
  • Other non-compensated positions

For more information, check out this article: Unique Exposures that Could Impact your Home Insurance.

Your insurance carrier:

Each insurance carrier rates cost differently, so the cost of a policy can vary based on the carrier it’s quoted with. We’ve seen some umbrella insurance quotes for the same property vary by a good amount.

That’s why we always stress working with an independent agent (like us) who can shop your insurance around with all the carriers they work with to get you the right coverage at the right price.

MA umbrella insurance premium examples:

You know the factors that influence price, but you probably still don’t have a clear idea of what exactly that means for you.

So to help give you some more insight, we’ll give you some specific examples of some of the home insurance policies we’ve issued recently.

A $1 million policy for a Jefferson, MA family with 1 property, 2 drivers, 2 vehicles: $204

A $1 million policy for a Concord, MA family with 1 property, 2 drivers, 2 vehicles: $221

A $1 million policy for a Millis, MA family with 1 property, 2 drivers, 4 vehicles: $394

A $1 million policy for a Hopkinton, MA family with 1 property, 5 drivers, 4 vehicles: $526

For the best price, work with a reputable agent

If you’re looking for the right price for your umbrella insurance, you’ll want to make sure you’re working with a reputable insurance agent. 

An independent insurance agency (such as us at Berry Insurance) can shop around your policy among all the carriers they recommend to make sure you are getting the best deal on your umbrella insurance policy.

So as you begin your search for your insurance agency, check out this article: What to Look For when Selecting an Insurance Agency or Company.