Consumers looking for the lowest auto insurance rates in Massachusetts can benefit greatly from the managed competition auto insurance reform instituted in the state in 2008. Saving money and getting the right kind of coverage takes some research, but it does pay off.
To help consumers compare auto insurance premiums, the Massachusetts.gov website contains a helpful tool. The online tool utilizes seven common profiles with varying levels of coverage and driving experience. What this demonstrates is the range of prices consumers can expect to find when they actually shop for auto insurance.
The seven profiles include:
- One car, one driver, licensed six years (2008 LX or 2005 )
- One car, one driver, licensed 14 years (2008 Honda Civic LX or 2005 Nissan Altima)
- One car, one driver, licensed 20 years (2008 Honda Civic LX or 2005 Nissan Altima)
- Two cars, two drivers, licensed 12 and 14 years (2008 Honda Civic and 2005 OR 2008 and 2005 Nissan Altima)
- Two cars, three drivers, licensed 22, 24, and one year (2008 Honda Civic and 2005 Ford Taurus OR 2008 Ford Explorer and 2005 Nissan Altima)
- Two cars, two drivers, licensed 22 and 24 years (2008 Honda Civic and 2005 Ford Taurus OR 2008 Ford Explorer and 2005 Nissan Altima)
- One car, two drivers, licensed 50 and 52 years (2008 Honda Civic LX or 2005 Nissan Altima)
See the Auto Insurance Premium Comparisons explanations page for the coverage included in each of the seven common example policies.
Here’s how the tool works.
First, select your city – from Abington to Yarmouth. Next, select an example policy from among the seven common examples previously listed. Then, choose the vehicle example from the list that goes with the policy example. The tool will provide a premium range (from low to high) for the 32 auto insurance companies licensed to do business in Massachusetts.
Let’s take the example policy of one car, one driver, licensed 20 years, driving a 2008 Honda Civic LX in Boston Central. The range of policy premiums is $890 from Plymouth Rock to $2,631 from ACE.
Another example is two cars, three drivers, licensed 22, 24 and one year, driving a 2008 Ford Explorer and 2005 Nissan Altima in Provincetown. The range of policy premiums is $1,130 from Electric to $3,640.10 from ACE.
One more is two vehicles, two operators, licensed 12 and 14 years, driving a 2008 Honda Civic LX and a 2005 Ford Taurus wagon in Wellesley. The policy premium range here is from $606 from GEICO to $1,480 from Occidental.
Other things you can do to ensure you’re getting the lowest auto insurance rates in Massachusetts include getting a number of different quotes, comparing what each has to offer in terms of service, coverage and price, availability, financial strength of the company and payment options, among other considerations. Be sure to ask about all the discounts each company has available, including low annual mileage, good student, multi-car policies, anti-theft devices and safe driver.