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Like most states in the United States, Massachusetts requires drivers to have a minimum amount of insurance coverage to register and operate a vehicle. In Massachusetts, the average annual cost of auto insurance is $ 510 for minimum coverage and $ 1,223 for a full coverage policy.
The city in Massachusetts you live in, the insurance company you choose, your age, gender, driving history, and the type of vehicle you drive are just a few of the criteria used to determine how much you will pay for auto insurance. Knowing how these factors affect rates can help you find the cheapest and best auto insurance coverage in Bay State.
How Much Does Auto Insurance Cost in Massachusetts?
Bankrate’s cost of auto insurance report by state ranks Massachusetts below the national annual average of $ 565 for minimum auto insurance and $ 1,674 for full coverage. Massachusetts comes in at about 10% less for basic insurance and almost 27% less for full coverage. However, the state you live in is just one of the many important factors affecting your auto insurance premiums. Take a closer look at these four additional points to consider.
Massachusetts Auto Insurance Rates by Company
The same level of coverage may vary in price from carrier to carrier. For example, Basic Insurance To find the cheapest auto insurance in Massachusetts, you may need to get multiple quotes to see how your rate will compare. Compare Bankrate’s findings on insurance rates for the state’s top carriers:
| Auto insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| Allstate | $ 484 | $ 1,312 |
| Amica | $ 418 | $ 1,398 |
| Arbella | $ 520 | $ 1,427 |
| Geico | $ 526 | $ 1,026 |
| Main Street America Group | $ 576 | $ 1,278 |
| MetLife | $ 490 | $ 1,127 |
| Plymouth Rock | $ 339 | $ 959 |
| Progressive | $ 799 | $ 1,749 |
| Security | $ 377 | $ 827 |
| Hanover | $ 430 | $ 1,391 |
| The Norfolk & Dedham Group | $ 467 | $ 1,259 |
| Travelers | $ 910 | $ 1,936 |
| Mutual of Vermont | $ 458 | $ 1,166 |
Massachusetts Auto Insurance Rates by City
The city or town you live in may cause your premiums to be above or below the state average. The average full coverage rates for The Bay State’s 20 most populous cities are:
| City | Average annual premium for full coverage | % difference from the average annual state premium |
|---|---|---|
| Boston | $ 1,554 | 27% |
| Worcester | $ 1,575 | 29% |
| Springfield | $ 1,695 | 39% |
| Lowell | $ 1,362 | 11% |
| Cambridge | $ 1,300 | 6% |
| New-Bedford | $ 1,567 | 28% |
| Brockton | $ 1,993 | 63% |
| Quincy | $ 1,437 | 17% |
| lynn | $ 1,845 | 51% |
| Autumn river | $ 1,569 | 28% |
| Dorchester | $ 2,253 | 84% |
| Laurent | $ 1,698 | 39% |
| Somerville | $ 1,479 | 21% |
| Framingham | $ 1,316 | 8% |
| Haverhill | $ 1,324 | 8% |
| Waltham | $ 1,285 | 5% |
| Malden | $ 1,775 | 45% |
| Medford | $ 1,435 | 17% |
| Chicopee | $ 1,321 | 8% |
| Plymouth | $ 1,332 | 9% |
Cost of Living in Massachusetts and Auto Insurance
When shopping for the best auto insurance rates in Massachusetts, it’s important to factor in your other expenses so that you look at your total cost of living. The chart below shows the average annual cost of living in Massachusetts, including the average cost of auto insurance. Use this chart as a guide to help you determine your overall spending so you can decide which insurance rates are within your budget.
Massachusetts Auto Insurance Rates by Age
Your age affects the cost of auto insurance depending on the driver’s experience and level of risk.
* 16 years and 17 years calculated on the disclosure of the parents’ policy
Massachusetts Auto Insurance Rates by Driving Record
One of the most critical factors behind the cost of coverage is your driving history. Insurance companies may charge higher risk drivers a higher premium because of the increased risk of claims. In fact, some carriers may even deny auto insurance to drivers with multiple accidents, citations, or DUIs.
| Driving incident | Average annual premium in Massachusetts | % increase in average annual premium |
|---|---|---|
| Speeding | $ 1,694 | 38.5% |
| Accident | $ 2,148 | 75.6% |
| DUI | $ 2,464 | 101.5% |
How To Save On Auto Insurance In Massachusetts
As illustrated in Bankrate’s findings, an effective way to save money on auto insurance is to avoid incidents like accidents or DUIs that could double your auto insurance premiums in some cases. To save more, you can consider the following ideas:
- Bundle your coverage: If you’ve purchased home or tenant insurance, bundling them with a single insurer could save you money on every level.
- Regularly compare quotes: Make a habit of getting auto insurance quotes every year. You may find that switching operators could save you money on your auto insurance.
- Increase your deductible: The higher the deductible, the lower your monthly premiums can be. Before increasing the deductible on your policy, however, make sure that you can afford to pay it if you need to make a claim.
- Take advantage of discounts from carriers: Auto insurance companies typically offer a variety of discounts for loyalty, paying your premiums in full, being a good student, and safety gear.
Massachusetts Auto Insurance Requirements
The State of Massachusetts has the following requirements for all drivers:
- $ 20,000 in bodily injury liability insurance and uninsured bodily injury liability insurance per person
- $ 40,000 in liability insurance for bodily injury and liability insurance for bodily injury not insured by accident
- $ 5,000 in liability insurance for property damage by accident
- $ 8,000 per person for PIP insurance (personal medical payments)
- $ 8,000 per accident for PIP insurance (personal medical payments)
Basic coverage for state minimums may be the cheapest form of auto insurance, but it may also not be sufficient. Minimum insurance does not cover damage or loss to your vehicle caused by collisions, theft, fires, storms and more. Full coverage auto insurance with higher limits may cost more, but give you more comprehensive protection.
Frequently Asked Questions
How Much Car Insurance Do I Need in Massachusetts?
In Massachusetts, you must have at least the state’s minimum liability insurance coverage and PIP insurance. Massachusetts requires liability of 20/40/5 and $ 8,000 each for PIP per person per accident. Buying as much liability and PIP insurance as you can will help protect yourself financially if you are involved in an accident and is recommended by most insurance experts.
What happens if I cause property damage that exceeds my auto insurance limit of $ 5,000?
If you only have property damage coverage set at a limit of $ 5,000 on your auto insurance, you could be held responsible for the rest if you cause more than $ 5,000 in damage in an accident. That’s why most insurance experts recommend purchasing additional coverage if you can afford it, to reduce the risk of out-of-pocket expenses in the event of an accident.
What are the cheapest auto insurance companies in Massachusetts?
Banking data collected by Quadrant Information Services shows that Plymouth Rock, Safety Insurance, and State Farm are among the cheapest auto insurance companies in Massachusetts. However, you can find a cheaper auto insurance company if you shop around for quotes, as the prices are based on a number of factors, including your personal driving history and your age.
How much does auto insurance cost per month in Massachusetts?
According to recent data, the cost of auto insurance per month in Massachusetts is $ 42.50 for state minimum liability coverage and $ 101.92 for full coverage insurance. These rates are based on a sample driver profile and may be more or less applicable to insurance depending on your driving profile, coverage needs and vehicle choice.
Methodology
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on male and female driver with good credit and coverage limits complete following:
- $ 100,000 liability for bodily injury per person
- $ 300,000 in civil liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.
Driving record rates were calculated by evaluating our baseline profile with the following incidents applied: clean record (baseline), at-fault accident, single speeding ticket, single impaired driving conviction, and lapse of coverage.
Age rates were calculated by evaluating our baseline profile with ages 18-60 (baseline: 40) applied.
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