Massachusetts drivers are legally mandated to carry four different forms of compulsory auto insurance, and costs vary based on which types you select and how much liability and collision protection is desired. A basic policy with state minimum liability limits of 20/40/5 typically costs an average of around $186 monthly on average while full coverage with a $500 deductible could cost more than double this sum.

Your driving record has an impact on the price of car insurance; if you have had tickets or accidents, your rates will likely increase more than those with clean records. Furthermore, insurers take into account repair costs and likelihood that certain models might get stolen or damaged when calculating rates; premium models typically incur significantly higher premiums compared to more basic variants of their counterpart.

Age also plays a part in how much it costs to insure drivers. Younger drivers tend to cost more, as they lack experience behind the wheel and pose higher crash risks; however, as more experience accumulates over time and safer drivers emerge, rates typically begin decreasing for teenage drivers around age 25 as their rates decrease as a result of becoming safer drivers themselves.

Your location can have a major effect on your car insurance rate. As more densely populated areas experience higher accident and theft rates, insurance providers need to charge more for their services – which in turn gets passed along through higher premiums for customers.

MoneyGeek has researched the top rating factors that impact car insurance premiums to help you determine how much your policy will cost and which coverage options best meet your needs.