When it comes to car insurance coverage, Massachusetts has the second-lowest number of uninsured drivers in the U.S. The low rate of uninsured drivers in Massachusetts likely plays a part in helping to keep the average cost of car insurance low in this state. According to Bankrate’s 2021 study of quoted annual premiums, the average cost of full coverage car insurance in Massachusetts is $1,223 per year, which is $451 less than the national average.
In addition to the low average cost of car insurance in Massachusetts, some companies offer even lower average premiums to drivers in this state. According to our research, State Farm has one of the lowest average premiums in Massachusetts, at $306 per year for minimum coverage and $736 per year for full coverage. However, State Farm may not be the cheapest provider for you, since companies vary in how they calculate premiums. Your individual rate depends on numerous factors, including your personal characteristics, such as your driving record, claims history and vehicle type.
The cheapest car insurance companies in Massachusetts
Whether you are looking for minimum coverage, a full coverage policy with add-ons or something in between, comparing sample rates may be helpful when weighing your options. Bankrate utilizes Quadrant Information Services and third-party sources to identify the cheapest carriers with both financial strength and high customer satisfaction ratings, which may help guide you in making a more informed decision
The cheapest companies for minimum coverage in Massachusetts
If you want to find the cheapest car insurance companies in Massachusetts, comparing quotes from several providers is one of the best ways to find the cheapest rates. This table below provides a snapshot of what some carriers could charge for minimum coverage.
|Car insurance company||Average annual minimum coverage premium||Average monthly minimum coverage premium|
The cheapest companies for full coverage in Massachusetts
Full coverage car insurance refers to policies that include collision coverage and comprehensive coverage. Full coverage auto policies can provide greater financial protection, but these policies do cost more on average. The table below offers insight into what a full coverage policy might cost a driver in Massachusetts.
|Car insurance company||Average annual full coverage premium||Average monthly full coverage premium|
Events that can impact your cheap rates in Massachusetts
After you secure a policy, there are numerous life events and circumstances that can occur and impact your premiums. These may include:
- Adding a teen driver: Adding a teen driver to a policy can cause rates to increase, as teen drivers lack experience and are considered more of a risk behind the wheel. Teen drivers under the age of 18 have to be added to your policy, but to keep the premium increase to a minimum for an older teen, you may want to add your teen driver to your policy rather than purchasing a separate one. Over time, your teen’s rates will decrease as they gain more experience and keep a clean driving record.
- Received a speeding ticket: Getting a speeding ticket is not ideal, but it can happen. That said, your rates will typically increase after getting a speeding ticket. You can expect to see an impact on your rates for between three to five years on average, but taking a defensive driver’s course or another type of driver safety course may help keep the impact to a minimum.
- Involved in an at-fault accident: If you are involved in an at-fault accident, your insurance provider will typically not drop your coverage. However, your rates will likely increase. This impact is usually felt for about three to five years, but if you shop around for coverage, you may be able to reduce the cost of your insurance premiums.
- Deemed a high-risk driver: High-risk drivers, which may include those convicted of a DUI or those with multiple moving violations, could face more challenges. Not only will these drivers likely pay higher premiums, but it may be harder to find an insurance provider willing to offer coverage. Comparison shopping will be an important strategy for these drivers to find coverage at an affordable rate.
Cheapest cities in Massachusetts for minimum coverage
The state you live in, the city you live in and your ZIP code will also affect how much you pay for car insurance. The table below provides examples of how rates for minimum coverage can vary by city, which is why it’s important to shop around for coverage when you move to a new city or ZIP code.
|City||Average annual minimum coverage premium||Average monthly minimum coverage premium|
Cheapest cities in Massachusetts for full coverage
Full coverage auto insurance premiums can also vary from city to another. The table below outlines how full coverage auto insurance costs can differ from one city to another.
|City||Average annual full coverage premium||Average monthly full coverage premium|
Minimum coverage requirements for Massachusetts drivers
Massachusetts requires residents to maintain a minimum amount of insurance coverage. This minimum coverage requirement includes:
- $20,000 in bodily injury liability per person
- $40,000 in bodily injury liability per accident
- $5,000 in property damage liability coverage per accident
- $20,000 uninsured motorist bodily injury per person
- $40,000 uninsured motorist bodily injury per accident
- $8,000 in personal injury protection (PIP)
While it may be tempting to purchase the minimum auto coverage legally required in Massachusetts, doing so could put you at greater financial risk. There are numerous options for cheap car insurance in Massachusetts, and opting to purchase a more robust policy will give you better protection.
As such, a more comprehensive policy could also keep you from facing financial disaster. Plus, if you lease or finance your vehicle, you will likely be required to carry full coverage to protect the lender from financial damages that occur to the vehicle.
Here is how to find (and keep) cheap car insurance in Massachusetts
It’s important to find affordable car insurance rates, but you also want to keep them after you find a policy that’s suited for your household. As you search for the cheapest auto insurance in Massachusetts, keep the following in mind:
- Compare quotes from several national and regional insurance providers. Rates can vary quite a bit from one carrier to another. Shopping around shows you which carrier has the lowest rates for your situation. Coverage options and limits can also impact your costs.
- Maintain a clean driving record. Once you find the best rates, try to maintain a clean motor vehicle record and adopt the safest driving habits possible. This can help you to keep your low insurance rate. It’s also important to re-evaluate your policy after big life events, like a marriage or a move, to see if there are additional discounts you may qualify for.
Frequently asked questions
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.