Insurance Costs in Cambridge, MA
Auto insurance in Cambridge averages $1,605 per year for full coverage, which is lower than the national average. Here is a detailed breakdown of what residents pay.
Updated July 2026Auto Insurance in Cambridge, MA: What You Need to Know
Cambridge residents pay an average of $1,605 per year for full coverage auto insurance, which is 8.0% above the Massachusetts state average and 4.1% below the national average.
With a population of 118,403, Cambridge is a mid-size city in Massachusetts. Higher population density, more traffic congestion, and increased accident risk all contribute to above-average insurance rates.
Coverage Level Comparison
| Coverage Type | Annual Cost | Monthly Cost |
|---|---|---|
| Full Coverage (100/300/100) | $1,605 | $134 |
| Standard Coverage (50/100/50) | $1,316 | $110 |
| State Minimum (20/40/5) | $674 | $56 |
Homeowners Insurance in Cambridge, MA
The average cost of homeowners insurance in Cambridge is $2,422 per year ($202/month), which is 33.1% above the national average.
Home insurance costs are influenced by local factors including weather risks (hail, wind, flooding), property values, local building costs, and proximity to fire stations.
Renters Insurance in Cambridge, MA
Renters insurance in Cambridge averages $216 per year ($18/month). Renters insurance is affordable and protects your personal belongings, provides liability coverage, and may cover temporary living expenses if your rental becomes uninhabitable.
Compare with Other Massachusetts Cities
| City | Auto Insurance | Home Insurance |
|---|---|---|
| Boston | $1,858/yr | $2,371/yr |
| Worcester | $1,635/yr | $1,420/yr |
| Springfield | $1,753/yr | $1,369/yr |
| Lowell | $1,664/yr | $1,369/yr |
| Brockton | $1,753/yr | $1,420/yr |
| New Bedford | $1,635/yr | $1,303/yr |
How to Save on Insurance in Cambridge
- Shop around. Get quotes from at least 3-5 different insurers. Rates in Cambridge can vary by $500 or more between companies for the same coverage.
- Bundle auto and home/renters. Many companies offer 10-25% off when you carry multiple policies.
- Increase your deductible. Raising your deductible from $500 to $1,000 can cut your premium by 15-30%.
- Ask about local discounts. Some insurers offer discounts for anti-theft devices, safe driving courses, or parking in a garage.
- Review coverage annually. Your needs change over time. Make sure you are not paying for coverage you do not need.
Frequently Asked Questions
How much is car insurance in Cambridge, MA?
The average cost of car insurance in Cambridge, MA is $1,605 per year for full coverage, or about $134 per month. Minimum coverage costs around $674 per year.
Is car insurance expensive in Cambridge?
Car insurance in Cambridge is about average for the U.S.
How much is home insurance in Cambridge?
Homeowners insurance in Cambridge costs an average of $2,422 per year. Your actual cost depends on your home's value, age, construction type, and specific location.