Here is some pertinent information about Massachusetts car insurance rates, annual premiums, discounts and related state laws, along with some useful tips on how to choose the Massachusetts auto insurance coverage package that works best for you.
Massachusetts Minimum Liability Coverage
The minimum required auto insurance in the state of Massachusetts is low as compared to other states. Massachusetts drivers are required to insure each owned vehicle with $20,000 in Personal Injury Protection (PIP), $40,000 in per-accident coverage and $5,000 in coverage for property damage. Insurance carriers would say that Massachusetts requires 20/40/5 in car insurance.
Penalties for Driving Without Insurance in Massachusetts
A Massachusetts driver caught without insurance faces fines of up to $500, if no previous convictions are on record. Repeat offenders can be fined up to $5,000 and given one year in jail. These are stiff penalties compared to other U.S. states, which explains why Massachusetts has the lowest percentage of uninsured vehicles in the United States. More than 95% of vehicles in the state of Massachusetts are insured.
Auto Insurance Rates in Massachusetts
The average annual car insurance premium for the state of Massachusetts in 2016 was $1,325, not far at all from the national average of $1,347 per year. Factors taken into account when insurance agents figure car insurance premiums include local weather conditions, commercial economy, percentage of uninsured vehicles, population density and neighborhood crime rates. Other influences on annual auto insurance premiums are the driver’s age, gender, marital status, driving record, and physical or mental health, among other things.
State laws also play a role. For instance, Massachusetts is one of twelve “no-fault” states. States with no-fault laws tend to have higher premiums than other states. Details regarding no-fault laws will vary from one no-fault state to another.
Low Cost Car Insurance Programs in Massachusetts
Some auto insurance providers in the state of Massachusetts develop their own merit rating plan by which premiums are adjusted based on driving records. They do this by setting surcharges and credits as a part of the Safe Driver Insurance Plan.
Also, most major auto insurance companies offer discounts to reward or encourage responsible driving practices. Available programs include Accident-Free discounts, Good Driver discounts, Good Student discounts, Multiple Auto discounts, Multiple Policy discounts and Vehicle Safety discounts, among others.
Obtaining Auto Insurance Quotes in Massachusetts
Recent comparison studies and customer satisfaction ratings suggest that Massachusetts drivers prefer some of the nation’s top auto insurance providers such as Allstate, Progressive, The Hartford, Liberty Mutual, State Farm and 21st Century Insurance. In fact, Massachusetts features many auto insurance carriers, all offering competitive rates. Call around and comparison shop. Ask the agents about available discounts. Customize your own optimal Massachusetts car insurance package. It’s as good as putting money in the bank.