Numerous factors can impact the cost of Massachusetts car insurance, including age, driving history, location and vehicle type. Furthermore, your type of coverage choices – for instance some drivers pay more for liability than comprehensive or collision policies. It’s essential that you understand which factors impact your rates in order to compare options and find the most economical deal possible.
Massachusetts is considered a high-risk insurance market, where drivers tend to file more claims and face higher accident risks compared to drivers in other states. Therefore, Massachusetts drivers typically pay slightly more for car insurance; however it’s still possible to save money by shopping around and finding discounts.
Drivers’ rates depend heavily on a combination of factors that include their age and gender as well as vehicle make, model and coverage type. Many don’t realize just how much commuting distance affects rates either; it may be easy to overlook these details when purchasing policies – however this could prove costly in the end.
Massachusetts does not permit insurance providers to use credit or age as factors when underwriting policies, but other personal information can still affect your rates. For instance, having been charged with DUI will likely increase your premiums at least threefold more than it would for someone without such charges on their record. Other incidents which will cause rates to skyrocket include speeding tickets, at-fault accidents and any serious infractions that might incur fines.
Your rates could also increase when adding a new driver to your policy, such as teenage drivers. They pose particular risk given their inexperience behind the wheel and are more likely to cause accidents than older drivers – however once they reach 25 years driving experience their premiums begin to reduce significantly.
Consider also the value of your vehicle when assessing car insurance costs; its worth plays an integral part in this equation; vehicles with higher values require more expensive policies as a general rule.
When purchasing an insurance policy, customer service and price should always be top priorities. Larger firms generally have better complaint ratios; however there may be smaller firms offering competitive rates as well as excellent customer service.
By comparing quotes and choosing the appropriate Massachusetts car insurance policy, you can ensure you’re making the best use of your money. Massachusetts drivers must meet minimum car insurance requirements such as bodily injury liability, uninsured motorist liability and property damage liability; but additional coverage such as comprehensive and collision may help pay medical expenses, lost wages or repairs caused by an accident. A Massachusetts car insurance calculator can give an idea of the extra costs associated with extra coverages so you can determine whether they’re worth investing in.