The words “affordable” and “insurance” probably shouldn’t be used together, in particular when shopping around for the cheapest auto insurance for 4×4 vehicles. To save some money, let’s open your eyes to a few of the things the can have a considerable influence on insurance rates, and see if we can help you take the sting out of the next policy you buy.
The type of vehicle requiring coverage is a significant factor when comparison shopping for the cheapest insurance for 4×4 vehicles. Vehicles with economical engines, a plethora of safety features, or low incidents of liability claims will cost less to insure than adrenaline junky models.
The list below presents auto insurance costs for the cheaper automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$1,505|
|Honda CR-V EX 4WD||$1,510|
|Jeep Grand Cherokee Laredo 2WD||$1,594|
|Chevrolet Malibu LS||$1,602|
|Dodge Grand Caravan Hero||$1,594|
|Honda Civic LX 4-Dr Sedan||$1,649|
|Ford Edge Limited AWD||$1,680|
|Hyundai Elantra GLS 4-Dr Sedan||$1,690|
|Chevrolet Silverado LT Extended Cab 2WD||$1,704|
|Chevrolet Impala LS||$1,709|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,714|
|Toyota Corolla XRS||$1,709|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$1,722|
|Dodge Ram Crew Cab ST 2WD||$1,732|
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in specific location which can impact coverage prices substantially.
By looking at the data, you can figure that cars like the Ford Escape, Honda CR-V, and Jeep Grand Cherokee will definitely be some of the most affordable vehicles to insure for off-road vehicles.
For off-road vehicles, one of the largest factors that aid in calculating auto insurance rates is your zip code. Regions with larger populations or more claims will most likely pay more, whereas areas with less crime or weather claims tend to receive cheaper rates.
The table below ranks the highest-priced places in Massachusetts for 4×4 vehicles to buy auto insurance in. Boston ranks #7 with an annual cost of $1,805 on average, which is about $150 per month.
|Rank||City||Premium Per Year|
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Rate quotes are approximated as specific Boston garaging address can revise prices greatly.
Establishing which insurers offer the lowest-priced insurance rates for 4×4 vehicles will involve a bit more effort in order to find a policy that fits your budget.
Every insurance company uses their own calculation for setting rates, so we’ll take a look at the insurance companies that tend to have lower prices in Boston. It’s important to know that Massachusetts insurance rates are influenced by many factors that may substantially change the policy premium. Simply having another birthday, getting divorced, or getting caught speeding can produce rate changes resulting in some rates now being affordable when they were higher priced.
Cheapest Insurance Rates for 4×4’s
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$799|
|8||Norfolk and Dedham||$1,036|
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State Farm may offer some of the cheapest car insurance rates in Boston at around $719 annually. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also are some of the most economical Boston, MA auto insurance companies.
As depicted above, if you currently buy coverage from Commerce Group and switched to State Farm, you might see yearly savings of about $165. Policyholders with OneBeacon could save as much as $193 a year, and Progressive customers might lower prices by $270 a year.
Understand that those rates are averages for all drivers and vehicles and and are not figured with an exact zip code location for 4×4 vehicles. So the insurer that can offer you the best price may not even be in the top 21 companies shown above. That helps illustrate why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
Careless drivers pay higher rates
One of the best ways to earn the best insurance premiums for off-road vehicles is to drive safely and have a clean driving record. The diagram below highlights how speeding tickets and accidents can influence insurance rates for different age categories. The premiums are based on a married male driver, full coverage, $250 deductibles, and no policy discounts are applied.
The data above shows the average cost of auto insurance per year with no accidents and a clean driving record is $1,501. Get written up for one speeding ticket and the average cost rises to $1,723, an increase of $221 each year. Next add two accidents along with the one speeding ticket and the 12-month cost of insurance for 4×4 vehicles increases to an average of $3,641. That’s an increase of $2,139, or $178 per month, just for being a little careless behind the wheel!
Does it make sense to buy full coverage?
Lowering the price of insurance is important to the majority of drivers, and one great way to find cheaper insurance for 4×4 vehicles is to only buy liability insurance. The example below shows the difference between insurance rates with full coverage and liability only. The premium estimates are based on no violations or claims, $100 deductibles, drivers are single, and no additional discounts are factored in.
If we average the cost for all age groups, physical damage coverage costs an additional $2,566 per year over having just liability coverage. That proposes the question if paying for full coverage is a waste of money. There is no clear-cut rule that is best for determining when to drop full coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
There are some circumstances where only buying liability is not advised. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not eliminate full coverage.
The diagram below demonstrates how choosing different deductibles can raise or lower insurance costs when quoting cheap insurance for 4×4 vehicles. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
The chart above illustrates that a 30-year-old driver could pocket $310 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $466 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old example, could possibly save $902 every year just by choosing higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it is necessary to have additional funds in a savings account to be able to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Ideas to find more affordable auto insurance for 4×4 vehicles
Here are some of the recommended penny-pinching ideas that can help drivers buy low-cost car insurance.
- Pay for small claims rather than turning them in to your insurance company
- Save money by observing traffic laws and speed limits
- Clean up your credit rating
- Buy vehicles with good safety ratings
- Being accident-free can lower rates significantly
- Compare prices as often as possible
The last tip is very valuable, as was emphasized in the prior information. Auto insurance prices adjust often, so drivers shouldn’t hesitate to switch carriers if a lower price can be found. Having brand loyalty is commendable, but it’s not a good idea if your bullheadedness ends up costing you lots of money. It only takes a couple minutes to shop around and find cheaper auto insurance for 4×4 vehicles in Boston.
The insurance agencies listed below are willing to help you decide which car insurance policy is best, since lots of drivers aren’t clear which coverage they need and would like to have some professional guidance when comparing insurance rates for 4×4 vehicles. It can be complicated to find the best policy on your own, so using a licensed agent can give you comfort knowing your policy gives you enough coverage if you have a claim. To find an agent near you, click the button following the list or click here to get price quotes now.
Knapp Schenck Insurance Services
1 India St #204 – Boston, MA 02109 – (617) 742-3366
Boyd Insurance Agency
296 Bennington St – Boston, MA 02128 – (617) 567-5710
281 Western Ave – Boston, MA 02134 – (617) 229-6413