MAPFRE home insurance review: Great for historic homes
MAPFRE Insurance boasts a slew of home insurance coverage add-ons, fewer customer complaints than others, and affordable rates in 13 states around the U.S.
By
Jessica OlivoJessica OlivoFreelance contributorJessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.After working in publishing and book publicity for many years, she transitioned to freelance writing full time.
Edited by
Jennifer GimbelJennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
4.8
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
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Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
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The bottom line
MAPFRE home insurance comes with average rates 42% below the national average, few customer complaints, and a variety of coverage add-ons for increased protection.
It’s an especially good option for historic homes — it offers a special home restoration program that pays the full cost to restore your antique home using authentic materials and provides exclusive access to vetted contractors and restoration specialists, priority service when disaster strikes, and mitigation services.
But you’ll have to live in one of the 13 states it writes home insurance policies in to qualify.
Average annual rates are nearly $800 cheaper than the national average
Policy perks include cash-settlement option if your home is completely destroyed in a covered loss and you decide not to rebuild, plus a deductible waiver for claims over $50,000
Special home restoration program that pays the full cost to restore your historical home using authentic materials — regardless of your policy limits
Cons
Only available in 13 states throughout the Northeast and West Coast
Only offers four discounts to save on costs — fewer than other home insurance companies
Basic coverages offered
MAPFRE home insurance policies include these six standard coverages to protect your home, belongings, and personal liability:
Dwelling coverage: Pays to repair or rebuild the structure of your home after a covered loss.
Other structures coverage: Pays to repair or rebuild other structures on your property not connected to your home, including detached garages, storage sheds, and fencing.
Personal property coverage: Pays to repair or replace your personal belongings after a covered loss, including furniture, clothing, tech gadgets, and other stuff you own.
Loss of use coverage: Pays for hotel stays, restaurant bills, pet boarding fees, and other temporary living expenses after a covered loss if you need to live elsewhere while your home is being rebuilt.
Personal liability coverage: Pays for legal and medical expenses if someone is injured or their belongings are damaged while at your home and you’re found legally responsible.
Medical payments coverage: Pays for small-dollar medical bills if someone is injured while at your home — regardless of who is at fault.
Additional coverages offered
You can add these additional coverages to your MAPFRE homeowners insurance policy for even more protection:
Personal property covered for all risks: Increases coverage of your personal belongings against a wider range of potential perils that typically aren’t included in a standard home insurance policy.
Identity theft: Offers everything from assistance with your credit reports to attorney fees resulting from identity fraud to help replacing personal identification documents destroyed in a natural disaster.
Personal injury liability: Expands liability coverage to include personal injury to others, such as slander, libel, wrongful eviction, or false arrest.
Increased limits for personal liability and medical payments: Expands your liability coverage in case of expensive injuries or lawsuits.
Credit card, forgery, and counterfeit money: Protects you from unauthorized use of your credit cards and counterfeit money.
Freezer contents: Covers spoiled food if your refrigerator or freezer stops working due to a power outage or breakdown.
Lock and key replacement: Pays to replace your locks and keys.
Renters insurance: Purchased by tenants, renters insurance covers the personal belongings in your rental home or apartment against fire, vandalism, theft, windstorms, and water damage, as well as personal liability and loss of use coverage.
Condo insurance: Purchased as a supplement to your condo association’s master policy, condo insurance covers your personal belongings, the interior structure of your condo unit, and personal liability.
MAPFRE home insurance policies also come with the following perks:
Home restoration program: Pays the full cost to restore your historical home using authentic materials — regardless of your policy limits. Also offers exclusive access to certified and vetted contractors and restoration specialists, priority service when disaster strikes, on-site inspections, and mitigation services.
Cash settlement option: Choose to receive a cash settlement after a total loss rather than rebuilding your home.
Deductible waiver: If your home insurance claim is greater than $50,000, MAPFRE Insurance will waive your deductible.
Self-service claim program: Allows homeowners who are filing a claim for minor damage to submit photos and answer a few basic questions through the MAPFRE mobile app. Then an adjuster prepares a remote damage assessment and can usually offer a settlement in just days.
Ratings methodology
Price
4.0/5
Our price rating scale looks at home insurance rates for a policy with $300,000 in dwelling coverage, as well as the total number of discounts offered. MAPFRE Insurance's average annual rate of $1,102 is 42% below the national average.
Customer experience
4.8/5
Our customer experience scale uses data from the National Association of Insurance Commissioners (NAIC) complaint index. MAPFRE Insurance has a score of 0.92, which means it receives around 10% fewer complaints than expected for a company of its size. (The expected number would be 1.0.)
Coverage options
5.0/5
Our coverage options rating is based on both the number and quality of additional coverage and policy options offered by the company. MAPFRE Insurance earns a perfect score thanks to the slew of valuable coverage add-ons and perks it offers homeowners.
Financial strength
4.5/5
Our financial strength rating is a weighted combination of three industry-leading metrics to measure a company’s financial health: AM Best, Standard & Poor’s, and Moody’s. MAPFRE Insurance earns an A rating from AM Best, but it’s not rated by S&P or Moody’s.
How much does MAPFRE home insurance cost?
The average cost of home insurance with MAPFRE Insurance is $1,102 per year for a policy with $300,000 in dwelling coverage. This is more than $600 cheaper than the national average of $1,754 per year.
Here’s the average yearly cost of MAPFRE home insurance for five different levels of dwelling coverage:
Dwelling coverage limit
Average annual cost
$100,000
$498
$200,000
$811
$300,000
$1,102
$400,000
$1,392
$500,000
$1,672
Rates are based on our analysis of 2022 sample home insurance quotes from across the country provided by Quadrant Information Services. Actual rates will vary based on location, policy limits, coverages, claims history, and other factors.
Compare home insurance quotes with top insurers in minutes
What discounts does MAPFRE Insurance offer?
You can save on the cost of MAPFRE home insurance if you qualify for any of these discounts:
Multi-policy: If you bundle your home and auto insurance with MAPFRE Insurance, you can save 22% on your home insurance policy and 15% on your auto insurance policy.
MAPFRE Insurance offers home insurance policies in 13 states:
Arizona, California, Connecticut, Idaho, Massachusetts, Maine, New Hampshire, Ohio, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington.
What to expect with MAPFRE Insurance home insurance
How to get a quote: You can get a MAPFRE Insurance home insurance quote online or through a local agent. You can find an agent near you by using the agent locator tool on the MAPFRE website.
Customer service options: You can get in touch with a MAPFRE Insurance customer service rep by calling the phone number for your state, using the chat feature on its website, or logging in to your online account.
How to file a claim: You can file a MAPFRE Insurance home insurance claim through its mobile app, by logging in to your online account, by contacting your local agent, or by calling 877-224-5677
How to cancel your policy: You can cancel your MAPFRE Insurance home insurance policy by calling your MAPFRE Insurance agent (their contact info should be on your policy declarations page), by mail, or by visiting your local agent in person.
MAPFRE Insurance in the news
In February 2023, MAPFRE Insurance’s profits were down due to inflation and an increase in global natural disasters. (Reuters)
MAPFRE Insurance vs. other home insurance companies
Compare MAPFRE Insurance to other home insurance companies in the industry:
MAPFRE is an acronym in Spanish which translates to Mutual Associations of Owners of Rural Properties.
What states does MAPFRE write home insurance policies in?
MAPFRE home insurance is available in Arizona, California, Connecticut, Idaho, Massachusetts, Maine, New Hampshire, Ohio, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington.
Who owns MAPFRE Insurance?
MAPFRE Insurance is owned by the MAPFRE Group, an international insurance company.
How do I report a home insurance claim with MAPFRE?
You can report a MAPFRE home insurance claim through its mobile app, online by logging in to your account, by contacting your local agent, or by calling 877-224-5677.
Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.
After working in publishing and book publicity for many years, she transitioned to freelance writing full time.
Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
