Greatest automotive insurance coverage in Massachusetts in 2022

Key takeaways

  • The typical value of automotive insurance coverage within the U.S. is $1,771 per 12 months for full protection and $545 per 12 months for minimal protection.
  • The typical value of automotive insurance coverage in Massachusetts is way decrease than the nationwide common at $1,296 per 12 months for full protection and $446 per 12 months for minimal protection.
  • Geico, Amica and Progressive provide among the finest automotive insurance coverage in Massachusetts, in response to Bankrate’s analysis.

How Bankrate selected one of the best automotive insurance coverage firms in Massachusetts

As a way to decide one of the best automotive insurance coverage firms in Massachusetts, Bankrate analyzed common premium knowledge from Quadrant Info Providers, together with different components, like third-party rankings, protection choices and low cost alternatives. We used these and different components to concern every supplier a Bankrate Rating with a most of 5.0. You should use these similar components to assist decide your finest automotive insurance coverage choices.

Methodology

Bankrate makes use of Quadrant Info Providers to investigate 2022 charges for all ZIP codes and carriers in all 50 states and Washington, D.C. Charges are weighted based mostly on the inhabitants density in every geographic area. Quoted charges are based mostly on a 40-year-old female and male driver with a clear driving document, good credit score and the next full protection limits:

  • $100,000 bodily damage legal responsibility per individual
  • $300,000 bodily damage legal responsibility per accident
  • $50,000 property harm legal responsibility per accident
  • $100,000 uninsured motorist bodily damage per individual
  • $300,000 uninsured motorist bodily damage per accident
  • $500 collision deductible
  • $500 complete deductible

To find out minimal protection limits, Bankrate used minimal protection that meets every state’s necessities. Our base profile drivers personal a 2020 Toyota Camry, commute 5 days per week and drive 12,000 miles yearly.

These are pattern charges and may solely be used for comparative functions.

Credit score-based insurance coverage scores: Charges have been calculated based mostly on the next insurance coverage credit score tiers assigned to our drivers: “poor, common, good (base) and wonderful.” Insurance coverage credit score tiers think about your official credit score scores however will not be depending on that variable alone. 4 states prohibit using credit-based insurance coverage scores as a score think about figuring out auto insurance coverage charges: California, Hawaii, Massachusetts and Michigan. Washington’s ban on factoring credit score in premiums is at the moment on maintain within the courts.

See also  Automobile insurance coverage for seniors

Gender: The next states don’t use gender as a figuring out think about calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Bankrate Scores: Auto Bankrate Rating methodology

Bankrate Scores primarily mirror a weighted rank of industry-standard rankings for monetary energy and buyer expertise along with evaluation of quoted annual premiums from Quadrant Info Providers, spanning all 50 states and Washington, D.C. We all know it will be important for drivers to be assured their monetary safety covers the likeliest dangers, is priced competitively and is offered by a financially-sound firm with a historical past of optimistic buyer help.

To find out how effectively one of the best automotive insurance coverage firms fulfill these priorities, third-party company rankings from J.D. Energy, AM Greatest, S&P, NAIC, and Moodys had probably the most influence on the businesses’ Bankrate Scores. As value is a typical consideration for drivers, we analyzed quoted premiums based mostly on 40-year-old female and male drivers with a 2019 Toyota Camry. This profile, assessed throughout greater than 35,000 ZIP codes within the U.S., offered a foundation on which drivers could evaluate every supplier.

Whereas protection choices, insurer availability, affordability and buyer expertise are sometimes the highest priorities, Bankrate additionally analyzed every insurer’s on-line and cellular assets for coverage administration and claims dealing with. Insurance coverage is quickly evolving to maintain tempo with our digital world, so these elements additionally carried weight in figuring out Bankrate Scores.

Greatest automotive insurance coverage firms in Massachusetts

Geico, Amica, Progressive and Allstate provide among the finest automotive insurance coverage in Massachusetts, in response to Bankrate’s intensive analysis. In our seek for one of the best automotive insurance coverage firms in Massachusetts, we obtained present quoted premium info from Quadrant Info Providers for the state’s largest firms by market share. We additionally analyzed every firm’s protection choices, reductions and coverage options. We mixed this info with third-party rankings from J.D. Energy for customer support and AM Greatest for monetary energy.

Based mostly on our analysis, we assigned a Bankrate Rating to every firm, which operates on a scale of 0.0 to five.0. The upper the Bankrate Rating, the higher that firm ranked throughout these classes.

If you’re trying to find one of the best auto insurance coverage in Massachusetts, these firms could also be value your consideration:

Automobile insurance coverage firm Bankrate Rating J.D. Energy rating New England Common annual full protection premium Common annual minimal protection premium
Geico 4.7 827/1,000 $1,110 $494
Amica 4.5 862/1,000 $1,478 $427
Progressive 4.1 818/1,000 $1,905 $751
Allstate 4.0 787/1,000 $1,473 $426
See also  Shopping for a rental automotive: What it's good to know


BEST FOR DRIVING INCIDENTS

Geico

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

4.7 Bankrate rating

Get quotes

Reply a couple of inquiries to see personalised charges from prime carriers.


827/1,000


A++


$1,110

Geico’s common premium is the bottom on our record. It’s additionally decrease than the typical premium in Massachusetts at massive, which is additional complemented by the corporate’s prolonged record of reductions. Geico affords its policyholders a number of methods to avoid wasting, together with reductions for insuring a number of autos, having a automobile with sure security options, being a federal worker or getting good grades. The corporate additionally has highly-rated digital service, which could be interesting if you happen to like dealing with your insurance coverage on-line or by an app. Nevertheless, the insurance policies are comparatively fundamental with few choices for personalization.

Study extra: Geico Insurance coverage evaluate


BEST FOR STACKING DISCOUNTS ON CAR INSURANCE

Amica

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

4.5 Bankrate rating


862/1,000


A+


$1,478

Amica’s common premium is barely larger than the state common, however the firm affords a singular auto insurance coverage dividend coverage, which might return as much as 20% of your premium as a dividend annually. The corporate additionally affords a number of reductions that can assist you save, together with offers for being accident-free and paying in full. Though Amica is probably not an incredible alternative for Massachusetts residents with driving incidents on their information, the corporate may very well be an incredible alternative for drivers with clear driving histories. For extra info, go to www.Amica.com.

Study extra: Amica Insurance coverage evaluate


BEST FOR CUSTOMIZING CAR INSURANCE POLICIES

Progressive

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

4.1 Bankrate rating

Get quotes

Reply a couple of inquiries to see personalised charges from prime carriers.


818/1,000


A+


$1,905

Progressive could have the very best premium on our record, however the firm might nonetheless be value your time if you’re in search of a extremely customizable coverage. Protection choices embrace hole insurance coverage, ridesharing protection and customized components protection. You may be capable of decrease your premium with Progressive’s reductions, which embrace financial savings for getting a quote and shopping for a coverage on-line, being a home-owner and going paperless.

Study extra: Progressive Insurance coverage evaluate


BEST FOR DIGITAL TOOLS

Allstate

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

4 Bankrate rating

Get quotes

Reply a couple of inquiries to see personalised charges from prime carriers.


787/1,000


A+


$1,473

Allstate’s common premium is barely larger than Massachusetts’ common, however the firm affords loads of reductions that may assist decrease automotive insurance coverage prices. The Drivewise telematics program will help you be taught safer driving habits whereas saving you cash. You may also save for having sure automobile security options, insuring a brand new automotive or signing your coverage not less than seven days earlier than the efficient date. Nevertheless, the Nationwide Affiliation of Insurance coverage Commissioners (NAIC) does obtain a higher-than-average variety of complaints about Allstate, with an general grievance index of 1.81.

Study extra: Allstate Insurance coverage evaluate

Common automotive insurance coverage value in Massachusetts

The typical value of automotive insurance coverage in Massachusetts is $1,296 yearly for full protection and $446 yearly for minimal protection. Massachusetts averages are considerably decrease than the nationwide common premiums, that are $1,771 yearly for full protection and $545 yearly for minimal protection. The same pattern can also be seen in neighboring states, akin to New Hampshire, the place the typical annual value of full protection automotive insurance coverage is $1,296 per 12 months. It is usually seen in Vermont, the place the typical is $1,207 per 12 months for full protection auto insurance coverage.

Finding out automotive insurance coverage charges by state may be helpful for planning and comparability. Nevertheless, the components that influence your automotive insurance coverage are particular to you, so your particular person charges will doubtless be completely different than these averages. In Massachusetts, your age, driving historical past, the make and mannequin of the automotive you drive and the protection varieties you select will all have an effect on the speed you pay. Insurance coverage firms in Massachusetts can’t use your credit score rating, age or gender when calculating your automotive insurance coverage premium resulting from state laws.

Common annual premium for minimal protection in Massachusetts Common annual premium for full protection in Massachusetts
$446 $1,296

The best way to discover one of the best automotive insurance coverage in Massachusetts

The very best automotive insurance coverage for you is probably not one of the best automotive insurance coverage for another person. Every auto insurer affords protection choices, reductions and add-ons that may make them extra interesting to sure purchasers. With these variations in thoughts, the next concerns could show you how to discover the proper automotive insurance coverage supplier in your wants.

Think about minimal insurance coverage necessities in Massachusetts

Massachusetts’ minimal automotive insurance coverage necessities imply that automobile homeowners on this state should carry not less than the state’s minimal protection limits on their autos. Bodily damage legal responsibility is one such protection, and on this state, drivers are required to hold not less than $20,000 in bodily damage legal responsibility per individual and $40,000 in bodily damage legal responsibility per accident. Drivers are additionally required to have a minimal quantity of property harm legal responsibility, uninsured motorist bodily damage and private damage safety (PIP). Though you do not want to memorize your state’s minimal limits, understanding the Massachusetts automotive insurance coverage legal guidelines may show you how to determine if you happen to want larger limits.

Minimal protection insurance policies can depart you financially weak and don’t cowl damages to your automobile. For that purpose, most insurance coverage specialists advocate buying full protection insurance coverage to raised defend your funds.

Think about lender necessities

Massachusetts’ state minimal protection doesn’t defend your funds towards the specter of harm to your automotive. For that, you want full protection automotive insurance coverage, which incorporates complete and collision protection. When you’ve got a mortgage or lease, your lender most likely requires that you just carry full protection and will stipulate how excessive your deductible may be. You might also need to contemplate buying hole insurance coverage, which is designed to cowl the distinction between your automobile’s money worth and the stability of your mortgage.

Think about your particular person wants

Understanding how your insurance coverage wants are distinctive — for instance, maybe you want sure elective protection varieties akin to luxurious automotive insurance coverage — will help you slim down which firms to think about. You might also need to contemplate how your automotive is used. In case you work for a transportation community firm like Uber or Lyft, you could need to evaluate your insurance coverage wants together with your potential automotive insurance coverage firm. You might want an endorsement in your coverage to be correctly lined as a rideshare driver. As soon as you determine your wants, you’ll be able to evaluate automotive insurance coverage quotes from firms that suit your wants.

Automobile insurance coverage reductions in Massachusetts

Questioning tips on how to decrease your automotive insurance coverage? Automobile insurance coverage in Massachusetts is, on common, inexpensive than it’s within the nation as an entire, however most firms provide reductions that may show you how to save much more. Among the finest automotive insurance coverage reductions embrace:

  • Younger driver reductions: In case you insure a teen driver in your coverage, you may be capable of lower your expenses with a superb pupil low cost, distant pupil low cost or driving coaching low cost.
  • Protected driver reductions: In case you solely drive your automobile a couple of occasions per week, drive just a few miles a day or rely closely on public transportation, you might be able to lower your expenses in your automotive insurance coverage. You may also save you probably have been accident-free for a sure variety of years or take part in a telematics program to show secure driving habits.
  • Different reductions: If you buy two insurance policies with the identical insurer, you could qualify for bundling reductions or multi-car reductions. You may also save if you happen to can afford to pay your coverage in full or if you happen to go for computerized withdrawals out of your checking account.

Reductions fluctuate between firms, so speaking to a consultant may show you how to establish financial savings alternatives that apply to you.

Often requested questions