Introduction
Drivers in Massachusetts have a lot of alternatives for vehicle insurance, which is fortunate because a coverage may be necessary as part of their entire financial strategy. Finding the finest auto insurance provider to meet each driver’s particular needs, or whittling down the list of potential providers to those with the most affordable rates, the highest third-party ratings, or other crucial considerations, can occasionally be difficult.
Bankrate examined dozens of auto insurance providers in Massachusetts in order to assist you in getting started and locating the best ones. When doing so, it looked at each provider’s financial stability, third-party customer service ratings, average car insurance premiums, and other elements.
According to our study, Geico and Amica provide some of the state’s top vehicle insurance policies, but there are additional choices that might be worthwhile to take into account.
How we chose the best car insurance companies in Massachusetts
Bankrate used average premium data from Quadrant Information Services along with other elements, such as third-party ratings, coverage options, and discount chances, in order to identify the top auto insurance providers in Massachusetts. We calculated a Bankrate Score with a maximum of 5.0 for each provider using these and other parameters. These same elements can be used to assist you choose the finest auto insurance solutions.
Our Methodology
In order to assess rates for all carriers and ZIP codes in all 50 states and Washington, D.C., We use Quadrant Information Services. Based on the population density of each geographical area, rates are weighted. A 40-year-old male and female driver with a spotless driving record, good credit, and the following full coverage limits is used to calculate the quoted rates:
- bodily injury liability of $100,000 per person
- $300,000 in responsibility for each accident’s injuries
- $50,000 in responsibility for property damage per incident
- Uninsured motorist bodily harm per person at $100,000
- Uninsured motorist bodily harm per accident: $300,000.
- $500 deductible for collision
- $500 for a full deductible
Bankrate utilized minimal coverage that complies with each state’s laws to determine minimum coverage limits. Our typical drivers commute five days a week, log 12,000 miles a year, and drive a 2020 Toyota Camry.
Only use these rates for comparison purposes since they are sample rates.
Scores for insurance based on credit: The following insurance credit tiers were used to determine rates for our drivers: “poor, moderate, good (base), and exceptional.” Your official credit scores are taken into account when determining your insurance credit levels, but they are not the only determinant. California, Hawaii, Massachusetts, and Michigan are the only four jurisdictions that forbid the use of credit-based insurance scores as a rating component in setting auto insurance prices. The legal challenge against Washington’s ban on include credit in premiums is still pending.
Gender: California, Hawaii, Massachusetts, Michigan, North Carolina, and Pennsylvania do not take gender into account for deciding premiums.
Score methodology
Bankrate Scores are mostly based on an examination of quoted yearly premiums from Quadrant Information Services, covering all 50 states and Washington, D.C., and a weighted ranking of industry-standard ratings for financial strength and customer experience. We are aware that it is crucial for drivers to feel secure that their financial protection is affordable, adequately covers the most likely hazards, and is being offered by a financially stable business with a track record of providing excellent customer service.
The greatest significant influence on the firms’ Bankrate Scores came from third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys. These ratings were used to establish how well the best auto insurance providers meet these goals. We examined quoted premiums for 40-year-old male and female drivers of 2019 Toyota Camrys because cost is a common factor for drivers. Drivers may compare each provider using this profile, which was evaluated across more than 35,000 ZIP codes in the U.S.
Bankrate looked studied each insurer’s online and mobile facilities for managing policies and dealing with claims, even though coverage options, insurer accessibility, cost, and customer experience are frequently the top considerations. These factors also played a role in generating Bankrate Scores because insurance is rapidly modernizing to stay up with our digital age.
Best Massachusetts auto insurance firms
According to significant analysis conducted by Bankrate, Geico, Amica, Progressive, and Allstate provide some of the best auto insurance in Massachusetts. We acquired the most recent rate quotes for the biggest firms in the state by market share from Quadrant Information Services in our search for the finest auto insurance providers in Massachusetts. We also looked at the discounts, coverage, and policy features offered by each firm. We combined this data with independent evaluations of financial stability and customer service provided by AM Best and J.D. Power, respectively.
Based on our investigation, we gave each business a Bankrate Score, which ranges from 0.0 to 5.0. The company was graded higher in these categories the higher the Bankrate Score.
These businesses might be worth your attention if you’re looking for the finest car insurance in Massachusetts:
| CAR INSURANCE COMPANY | BANKRATE SCORE | J.D. POWER SCORE NEW ENGLAND | AVERAGE ANNUAL FULL COVERAGE PREMIUM | AVERAGE ANNUAL MINIMUM COVERAGE 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 |
Average car insurance cost in Massachusetts
In Massachusetts, the average cost of auto insurance is $446 for the bare minimum of coverage and $1,296 for full coverage. Massachusetts average premiums are much less expensive than the national average premiums, which are $545 for the lowest amount of coverage and $1,771 for full coverage yearly. Similar trends can be observed in close-by states like New Hampshire, where full coverage auto insurance runs an average of $1,296 annually. It is also prevalent in Vermont, where the average cost of full coverage auto insurance is $1,207 a year.
Planning and comparison tasks can benefit from researching vehicle insurance quotes by state. However, since the elements that affect your auto insurance are unique to you, your personal premiums may probably vary from these averages. Your age, driving history, the make and model of the automobile you drive, and the coverage options you select will all have an impact on the premium you pay in Massachusetts. Due to state restrictions, insurance firms in Massachusetts are not permitted to factor in your age, gender, or credit score when determining your auto insurance price.
| Average annual premium for minimum coverage in Massachusetts | Average annual premium for full coverage in Massachusetts |
|---|---|
| $446 | $1,296 |
How to find the best car insurance in Massachusetts
The finest auto insurance plan may not be the best one for another person. Each vehicle insurance provides customers with coverage options, discounts, and add-ons that may help them choose them over competitors. With these distinctions in mind, the following factors could assist you in choosing the best auto insurance company for your requirements.
Consider the Massachusetts minimum insurance requirements
The minimum coverage limits for Massachusetts auto insurance mandate that all automobiles registered in the state have at least those limits. One such coverage is bodily injury liability, which in this state mandates that drivers carry at least $20,000 per person and $40,000 per accident in this regard. A minimum amount of property damage liability, uninsured motorist bodily harm, and personal injury protection are also mandated for drivers (PIP). Although you are not required to know your state’s minimum limits by heart, being aware of the Massachusetts auto insurance regulations may assist you determine whether you require larger amounts.
Policies with minimal coverage, which do not pay for vehicle damage, can put you in a risky financial position. Because of this, the majority of insurance professionals advise acquiring comprehensive coverage insurance to better safeguard your finances.
Consider lender requirements
The bare minimum insurance required by Massachusetts law does not shield your cash from the possibility of vehicle damage. You need comprehensive and collision coverage, which is part of full coverage auto insurance, for that. Your lender may specify a maximum deductible amount if you have a loan or lease and will likely insist that you carry complete coverage. Gap insurance, which is intended to pay the difference between your car’s cash value and the remaining amount of your loan, is another option you might want to think about.
Consider your individual needs
It can be easier to decide which insurance providers to take into account if you are aware of how particular your insurance requirements are – for instance, if you require particular extra coverage kinds like luxury car insurance. You might want to think about how your car is used as well. It can be a good idea to discuss your insurance requirements with your potential auto insurance provider if you work for a transportation network firm like Uber or Lyft. To be fully protected as a rideshare driver, your policy might need to be endorsed. After determining your requirements, you can compare automobile insurance quotes from organizations that meet those requirements.
Car insurance discounts in Massachusetts
Want to reduce the cost of your auto insurance? Although the cost of car insurance in Massachusetts is typically lower than it is across the country, most providers also offer discounts that can help you save even more. The following are some of the top auto insurance discounts:
- Discounts for young drivers: If you cover a teen driver on your policy, you may be able to save money by qualifying for an excellent student discount, a remote student discount, or a driving instructor discount.
- Safe driver discounts: If you only use your car sometimes, travel a little distance each day, or frequently use public transit, you may be able to reduce the cost of your auto insurance. You might also benefit from savings if you’ve driven safely for a predetermined number of years or if you take part in a telematics program.
Other discounts: Bundling discounts or multi-car discounts can be available if you buy two policies from the same insurer.