Insurance Costs in Lowell, MA
Auto insurance in Lowell averages $1,664 per year for full coverage, which is close to the national average. Here is a detailed breakdown of what residents pay.
Updated July 2026Auto Insurance in Lowell, MA: What You Need to Know
Lowell residents pay an average of $1,664 per year for full coverage auto insurance, which is 12.0% above the Massachusetts state average and Near the national average.
With a population of 115,554, Lowell 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) | $1,664 | $139 |
| Standard Coverage (50/100/50) | $1,364 | $114 |
| State Minimum (20/40/5) | $699 | $58 |
Homeowners Insurance in Lowell, MA
The average cost of homeowners insurance in Lowell is $1,369 per year ($114/month), which is 24.8% below 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 Lowell, MA
Renters insurance in Lowell 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 |
| Cambridge | $1,605/yr | $2,422/yr |
| Brockton | $1,753/yr | $1,420/yr |
| New Bedford | $1,635/yr | $1,303/yr |
How to Save on Insurance in Lowell
- Shop around. Get quotes from at least 3-5 different insurers. Rates in Lowell 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 Lowell, MA?
The average cost of car insurance in Lowell, MA is $1,664 per year for full coverage, or about $139 per month. Minimum coverage costs around $699 per year.
Is car insurance expensive in Lowell?
Car insurance in Lowell is about average for the U.S.
How much is home insurance in Lowell?
Homeowners insurance in Lowell costs an average of $1,369 per year. Your actual cost depends on your home's value, age, construction type, and specific location.