Do you live in Massachusetts and are on the hunt for cheap car insurance? You may be overwhelmed by the various coverage options given how many insurers and insurance policy types there are available. While this can be a stressful process, there can be serious consequences of driving without insurance and we are here to assist you.

To help streamline this process, we’ve created this guide, reviewing the factors that impact car insurance pricing and discussing the best car insurance in MA available to you.

Factors That Impact Auto Insurance Pricing

Finding the Massachusetts car cheapest isn’t as straightforward as it may seem. Put simply, there are a variety of factors that will impact the price of an insurance policy. Pricing isn’t universal, even for two people buying from the same insurance provider.

But why is that?

Because an insurance company factors in risk.

For example, a 16-year old male Massachusetts driver will have a more expensive policy than a 50-year old woman in Northampton. Now, that 16-year old male can do some shopping around and will likely find certain insurers who are more willing to cater to his demographic, and others less so. As a result, one car insurance company may be cheaper for him while car insurance another company is cheaper for the Northampton woman.

To further expand on this point, here are six key factors that insurers consider when setting prices for policies:

  • The type of car insurance coverage – Each state has its own laws about car insurance, with different minimums and types of mandated coverage. In Massachusetts, drivers are expected to at least have bodily injury, property damage, and personal injury protection, with 20/40/5 minimums. But you may want even more than that. And that will cost you extra. For instance, you may want to include:

  • Comprehensive coverage

  • Collision coverage

  • Uninsured coverage

  • Underinsured motorist coverage

  • The age of the driver – As mentioned, your age is a significant factor when it comes to pricing. Generally speaking, the younger and more inexperienced you are, the more costly it will be. That’s because motor vehicle crashes are higher among teens aged 16-19 than among any other age group.

  • Sex – Along these lines, men are more expensive to cover than women. The reason for this is because men are more likely to engage in reckless driving behavior, which includes speeding, drunk driving, and distracted driving. The result of this is that men experience more than two times as many traffic fatalities as women. This causes their annual insurance premium to rise.

  • Car make and model – How expensive is your vehicle? How reliable is it? What’s its history? How safe is it? An insurer must weigh all of these factors. Safer cars tend to be cheaper to insure since they’re less likely to lead to expensive injury claims. On the other hand, an expensive supercar is not only costly to insure because of its sticker price, but it may also tacitly encourage drivers to engage in reckless driving behavior. So, you can expect to pay less for a 2018 Volvo CX-90 than a brand new Lamborghini.

  • Driving history – Have you been in previous accidents? If not, your rate may be lower. If so, then you’ll likely pay more. Traffic infractions and previous accidents (especially multiple in a short time window) signal to insurers that you are a higher-risk driver. Some insurers will keep records of traffic infractions for longer than others.

  • Zip code – Where you drive impacts the likelihood of an accident. When you drive in a big city, there are more cars and people, which increases the opportunities for a car accident to occur. All factors equal, your insurer knows that if you live in a sleepy town, you’ll be far less likely to get into a wreck than in the city because there are fewer drivers on the road.

Cheapest Car Insurers

Now that you know that one driver may get cheaper auto insurance rates than another, who are some of the cheaper Massachusetts car insurance companies?

Here are some of those broken down by category for a 20-year old driver:

  • Cheapest full coverage for young drivers

  • State Farm – $1,135 annually

  • Geico – $1,660 annually

  • Safety Insurance – $2,114 annually

  • Cheapest minimum coverage for young drivers

  • The Hanover – $484 annually

  • State Farm – $493 annually

  • Plymouth Rock – $642 annually

  • Cheapest coverage for young drivers with one at-fault crash

  • State Farm – $598 annually

  • The Hanover – $732 annually

  • Plymouth Rock – $819 annually

  • Cheapest coverage for young drivers after a DUI

  • The Hanover – $612 annually

  • State Farm – $668 annually

  • Plymouth Rock – $812 annually

Finding Cheap Insurance with Online Auto Insurance

The cheapest insurer for one driver may differ for another, depending on the various factors discussed above. Do you need help finding great auto insurance rates? Or perhaps debating between reinstating cancelled auto insurance?

Online Auto Insurance has you covered. Together, we can help you pull fast and free car insurance quotes while comparing those across multiple providers.

Sources:

III. Automobile Financial Responsibility Laws By State. \ https://www.iii.org/automobile-financial-responsibility-laws-by-state

CDC. Teen Drivers: Get the Facts.\ https://www.cdc.gov/transportationsafety/teen_drivers/teendrivers_factsheet.html

NCBI. Gender Effects in Young Road Users on Road Safety Attitudes, Behaviors and Risk Perception. \ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5037216/

IIHS. Fatality Facts 2019. Males and Females. \ https://www.iihs.org/topics/fatality-statistics/detail/males-and-females

Nerdwallet. Best Cheap Car Insurance in Massachusetts for 2021. https://www.nerdwallet.com/blog/insurance/cheapest-car-insurance-in-massachusetts-ma/