Residents of Massachusetts are required to carry automobile coverage in order to operate their vehicles. According to the state's Office of Consumer Affairs and Business Regulation, the best way to find cheap auto insurance quotes is to simply shop around and compare companies.
Important News for Massachusetts Auto Insurance Comparison
The task of finding cheap car insurance in Massachusetts changed significantly in April 1, 2008, when insurers began to determine their own rates. Prior to that, premiums were set by the Commissioner of Insurance under the "fix-and-establish" system. Now that companies offer unique rates, there is the matter of competition. This forces insurers to keep their automobile insurance rates competitive and, by the same token consumers can benefit by comparing quotes and locating cheaper MA auto insurance premiums.
Getting the Best Rates in a Massachusetts Automobile Insurance Plan
When you’re searching for cheap car insurance in Massachusetts, there are a number of crucial considerations. These include:
- Be savvy about coverage limits: Massachusetts, like every other state, has minimum coverage requirements. This means you need to have at least _a certain amount of liability coverage (specifically bodily injury coverage), personal injury coverage, property damage liability coverage, uninsured motorist coverage, etc. But note that it’s generally advised to invest in a car insurance policy that’s significantly higher than these legal limits, which can be far too low to protect you after a car accident. On the other hand, an insurance policy far _larger than the minimum coverage requirements is a waste of money. There’s no formula for nailing down the perfect policy size; it depends on the value of your vehicle, your current health insurance coverage, and a variety of other factors. But to get the best car insurance rates, follow the Goldilocks rule - not too large, not too small.
- Choose the right deductible: When you make a claim on your car insurance in Massachusetts, you’ll have to pay a deductible. This is simply the amount of money you owe out of pocket before your car insurance coverage “kicks in” and the insurance company begins covering your costs. The key thing to understand about deductibles is that they’re in a see-saw relationship with your insurance premiums. Paying higher monthly auto insurance rates will snag you a low deductible. On the other hand, if you want lower monthly car insurance premiums, you’ll have to pay more out of pocket when you make a claim on your car insurance in Massachusetts.
- Protect your driving record: Generally speaking, auto insurance companies charge drivers according to their risk. The less likely you are to _need _car insurance, the better your auto insurance rates will be. Even one at-fault accident can have a negative impact on your rates. In other words, being a safer driver will net you long-term financial savings and a more competitive average annual rate. Of course, some factors that affect your insurance premiums are out of your control, like your address, gender, age, and so on. But others - like owning a safer car, searching through the available discounts, avoiding traffic tickets, and scrupulously protecting your driving record can work wonders for your monthly premiums.
More about getting Massachusetts car insurance quotes
Taking the time to compare Massachusetts auto insurance quotes is the most efficient way to save on coverage. Now that the state has allowed for providers to determine their own premiums and compete among themselves, consumers can take advantage of lower rates as well as discounts that now are available.
When looking to buy auto insurance in Massachusetts, getting quotes can be quick and easy when done online and can increase potential savings. There is a multitude of insurers providing coverage and it takes too much time to get a quote from each company individually. With an Internet-based application, consumers can find the most competitive premiums from reliable carriers delivered right to them with a few simple steps.
Massachusetts Auto Insurance Laws
According to MA car insurance laws there are several types of coverage that must be purchased. These include:
$20,000 for bodily injury to another person as a result of an accident
$40,000 for bodily injuries to two or more people per accident
$8,000 for personal injury protection (PIP)
$20,000 per person and $40,000 per accident for bodily injury caused by an uninsured motorist
$5,000 for property damage
The state follows a no-fault system. This means that the insured's injuries will be paid for by the insurer no matter who is at fault up to a specified limit. The required uninsured limits protect the covered person and his or her passengers if struck and injured by a driver who does not have a policy or is underinsured. PIP helps pay for medical expenses for the insured and/or passengers.