When you’re shopping around for Massachusetts car insurance, there are a number of factors to consider. These include the type of car you drive, your age and your driving history. Having a good idea of what influences insurance costs can help you make better choices and save money.
The average cost of car insurance in Massachusetts is $1,201 per year, which is lower than the national average. However, rates vary widely, depending on the level of coverage you choose. If you live in an urban area, you may pay more than the average. Fortunately, shopping around can help you find a policy that fits your budget.
Massachusetts requires drivers to carry liability coverage for injuries and damages to other people or property. It is also mandatory to carry uninsured motorist coverage (UM). UM coverage pays for the damages of you and your passengers in the event of an accident. A minimum of $20,000 UM coverage is required. You can upgrade your limits if you own a house, have a good driving record or are a good student.
Young drivers tend to pay the most for auto insurance. This is because they are deemed a high risk driver. Auto insurers view teens as high risk because they have less experience on the road, and they are more likely to file claims. Adding a teen driver to your policy can increase your premiums by more than three times.
A car insurance calculator is a good way to get an estimate of the cost of insurance in your state. Using a tool like MoneyGeek’s calculator can help you determine how much your car insurance policy will cost based on your age, car, and location.
In addition to the state’s basic requirements, you can also add collision and comprehensive coverage to your policy. Collision coverage is often more expensive than liability insurance. Comprehensive coverage, on the other hand, covers your vehicle in case of theft, damage, or vandalism. Choosing higher coverage levels will raise your premiums, but you can save money by sticking to the minimum.
There are several key factors that affect insurance prices in Massachusetts. One of the most important is the amount of coverage you choose. Several companies offer different levels of coverage. Depending on your needs, you might opt for the minimum level of liability insurance, or you could pay more to have higher coverage limits.
Similarly, you can choose to include other types of coverage such as medical payments and personal injury protection. Although these types of insurance may be considered optional, they can be very useful. Especially if you’re involved in an accident, these can help you recover lost wages and other expenses.
The best way to figure out how much car insurance you should be paying in Massachusetts is to use a tool like MoneyGeek’s car insurance calculator. By entering your information, it will calculate how much your car insurance will cost based on your age, car, gender, and driving history.