Massachusetts Car Insurance Calculator – What Factors Affect Your Rates?

Massachusetts Car Insurance Calculator

When calculating Massachusetts car insurance premiums, several factors come into play when setting rates, including your location, driving record and type of vehicle you own or drive. Some have greater impact than others on how your rates change.

To secure the lowest possible rate, it is vitally important that you shop around and compare quotes from multiple companies. You might be amazed at just how much a difference choosing an economical Massachusetts insurer can have on your rate!

Massachusetts car insurance rates depend heavily on two main elements: age and driving history. Younger drivers tend to pay more due to being seen as riskier due to inexperience; as they gain experience behind the wheel their rates start decreasing over time. Meanwhile, older drivers may also find that their premiums differ depending on past experiences behind the wheel as well as coverage needs.

Addition of teen drivers can have a substantial effect on your rates due to their inexperience. A teenage driver could double your car insurance rates in some instances while adding someone convicted of DUI can increase them 52%; plus if there’s ever an accident caused by yourself expect a minimum 30% increase.

Location can also have a profound effect on your rate, as cities with higher traffic volumes typically experience more accidents and claim rates than rural areas. Don’t let this discourage you from exploring your options; moving to more affordable cities could save money overall.

Your credit score can also have an effect on your rates; some insurers use it to assess if you are considered high-risk driver or not. However, there are some states such as Massachusetts which prohibit insurers from considering credit as a rating factor when setting rates.

Beacon Hill lawmakers have introduced legislation that could change the way ZIP codes are considered when setting car insurance premiums in Massachusetts. Their proposal could diminish their importance while providing greater weight to your driving history and other considerations.

On average, full coverage policies with minimum bodily injury liability and property damage liability limits in Massachusetts cost approximately $127 monthly and just under $6,000. When adding comprehensive and collision coverage – estimated to cost $456 more annually – might be worthwhile if owning newer, higher priced vehicles that may cost significantly to repair or replace in an accident.

No matter your age or driving record, comparison shopping can help you secure affordable Massachusetts auto insurance rates. By answering a few quick questions to see personalized rates from top carriers and selecting an affordable payment plan.