Everything You Need to Know

Table of Contents:

• Massachusetts Auto Insurance Costs by Insurer
• Massachusetts Auto Insurance Premiums by Driver Age
• Massachusetts Car Insurance Premiums by Gender and Marital Status
• Average Massachusetts Insurance Rates After a Violation or Accident
• Massachusetts Auto Insurance Premiums by Credit Tier
• Expensive Massachusetts Cities
• List of Auto Insurance Companies in Massachusetts
• No-Fault Insurance in Massachusetts
• Driving in Massachusetts

Massachusetts Auto Insurance Costs by Insurer

According to WalletHub, Plymouth Rock, Chubb, and State Farm offer the cheapest car insurance rates for Massachusetts drivers. ValuePenguin reports that Safety Insurance has the most affordable full coverage policy at $1049, which breaks down to about $87 per month. They also report rates of $1394 per year and $116 a month for GEICO and $1685 per year and $140 per month for Progressive.

Moneygeek reports that the website for State Farm Insurance shows a quote of $323 for a year of liability coverage and just $417 per year for liability insurance with 50/100/50 coverage. This makes it one of the most affordable options for Massachusetts drivers.

Massachusetts Auto Insurance Premiums by Driver Age

The Zebra reports that drivers pay the highest auto insurance rates from ages 16 to 19, followed by drivers ages 20 to 25. Because young drivers have a much higher risk for claims than older drivers, insurance companies nationwide charge an average of 300 percent more to insure these age groups.

The website also notes that Massachusetts has below-average auto insurance rates for young drivers, who can expect to pay about $4210. However, these motorists will pay about four times more than older drivers will in the state.

WalletHub lists these quotes obtained for drivers with no accidents or claims and good credit, between ages 16 and 24. The average costs for minimum coverage for this group by company are as follows:

• Chubb: $759 per year
• GEICO: $1027 per year
• Plymouth Rock: $949 per year
• State Farm: $698 per year
• USAA: $992 per year

By contrast, these were the most affordable prices minimum coverage prices WalletHub found on average for men ages 55 to 65 with good driving records and good credit:

• Chubb: $258 per year
• Hanover: $370 per year
• Plymouth Rock: $406 per year
• Preferred Mutual: $395 per year
• State Farm: $251 per year

While seniors pay significantly less than teen drivers, they also pay more than middle-aged drivers because they have a higher risk of accidents.

Massachusetts Car Insurance Premiums by Gender and Marital Status

If you’re single, you might pay a bit more for auto insurance than you would as a married person. ValuePenguin notes that single drivers pay an average of $14 more than those who have a spouse. The website also found that these companies offer the lowest average prices for married customers:

• Progressive: $140 per month and $1685 per year
• Safety: $87 per month and $1049 per year
• Travelers Insurance: $113 per month and $1361 per year

Average Massachusetts Insurance Rates After a Violation or Accident

Value Penguin reports that insurance rates increase as follows on average after a violation:

• Speeding ticket: 35 percent
• At-fault collision: 53 percent
• Driving under the influence (DUI) conviction: 70 percent

Conversely, The Zebra website says that drivers with no recent at-fault accidents save about 41 percent on auto insurance, compared to 32 percent for claim-free drivers across the U.S. If you have a good driving record, you could also qualify for a safe-driving discount of 5 to 10 percent.

Moneygeek quotes these average prices for drivers who have a past moving violation, such as a speeding ticket or reckless driving charge:

• Allstate: $92 per month, $1103 per year
• GEICO: $74 per month, $892 per year
• MetLife: $87 per month, $1042 per year
• State Farm: $74 per month, $893 per year

Massachusetts Auto Insurance Premiums by Credit Tier

According to moneygeek, laws in Massachusetts prohibit auto insurance companies from quoting driver rates based on their credit scores. You will not pay more for auto insurance if you have no credit or poor credit than you would if you had a perfect credit history.

Expensive Massachusetts Cities

If you live in a city with high population density, expect to pay more for auto insurance than you would pay in a rural area. Areas with higher claim rates, more property crime, and more frequent accidents have higher average premium rates. In Massachusetts, the most expensive cities for auto insurance are Lynn, Revere, and Brockton according to WalletHub. Even if you don’t live in one of these areas, you might see a rate increase if you regularly drive through high-risk areas on your commute.

List of Insurance Companies in Massachusetts

This list from Value Penguin and moneygeek includes Massachusetts insurance companies and their average policy rates for annual minimum coverage:

• Allstate: $1120
• Amica Mutual: $1070
• Arbella: $720
• GEICO: $532
• The Hanover: $389
• MetLife: $421
• Plymouth Rock: $1119
• Progressive: $821
• Safety Group: $730
• State Farm: $782
• Travelers: $1319
• USAA: $928

No-Fault Insurance in Massachusetts

Massachusetts is a no-fault state for auto insurance. That means you have to carry at least $8000 in personal injury protection (PIP) insurance. This type of policy covers your medical bills if you have an accident, regardless of which driver caused the collision. You can only sue another driver who causes a crash under certain circumstances, such as catastrophic injury.

Drivers in Massachusetts must meet these minimum auto insurance thresholds according to NerdWallet:

• $8000 of PIP coverage per person per accident
• $20,000 of bodily injury coverage per person
• $40,000 of bodily injury coverage per accident
• $5000 of property damage coverage per accident
• $20,000 of uninsured motorist bodily injury coverage per person
• $40,000 of uninsured motorist bodily injury coverage per person

Driving in Massachusetts

The moneygeek blog reports additional advice from the Massachusetts attorney general about how residents can save on auto insurance. The state recommends getting several quotes in writing before purchasing insurance.

Massachusetts does not require disabled veterans to pay property taxes when purchasing a vehicle. They can also register their vehicles at no cost. Military members who are stationed in Massachusetts have 30 days to obtain a valid vehicle registration after arrival.

If you have a teen in your household with a junior operator driver’s license, Massachusetts requires you to add him or her to your auto insurance policy. Your teen does not need to be on your policy with only a learner’s permit, however.

Sources:

https://www.caranddriver.com/car-insurance/a35590400/aarp-auto-insurance/

https://www.caranddriver.com/shopping-advice/a22563787/best-first-cars/

https://wallethub.com/cheap-car-insurance/massachusetts

https://www.valuepenguin.com/best-cheap-car-insurance-massachusetts

https://www.moneygeek.com/insurance/auto/cheapest-car-insurance-massachusetts/

https://www.thezebra.com/auto-insurance/massachusetts-car-insurance/

https://www.nerdwallet.com/blog/insurance/cheapest-car-insurance-in-massachusetts-ma/

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