The words “low-priced” and “insurance” probably shouldn’t be used in the same sentence, in particular when trying to find the cheapest coverage for unemployed drivers. Because it’s not cheap, let’s familiarize you with a few of the things that determine car insurance premiums, and figure out some ways to shave a little off the next policy you buy.
For the unemployed, one of the largest things that are used to help calculate the annual cost of car insurance is where you live in Boston. Larger areas tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.
The following table shows the highest-priced areas in Massachusetts for unemployed drivers in which to purchase auto insurance. Boston is listed at #7 having an annual price of $1,752 for coverage, which is approximately $146 monthly.
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Premium amounts are approximated as the specific geographic location can lower or raise insurance rates significantly.
Establishing which companies offer the lowest-priced auto insurance rates for unemployed drivers will take more work in order to find the lowest price.
Each auto insurer uses their own calculation to set policy rates, so we will examine the auto insurance companies with the overall best prices in Massachusetts.
Find the Best Cheap Insurance for Job Seekers
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$799|
|9||Norfolk and Dedham||$1,046|
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State Farm offers some of the cheapest car insurance rates in Boston at around $719 per year. This is $516 less than the average policy premium paid by Massachusetts drivers of $1,235. National Grange Mutual, OneBeacon, GEICO, and Commerce Group also are some of the cheaper Boston, MA auto insurance companies.
In the rate table above, if you currently have coverage with Commerce Group and switched to National Grange Mutual, you might realize savings of upwards of $112. Massachusetts drivers with Progressive might save as much as $230 a year, and USAA insureds might lower prices by up to $235 a year.
To see if your current coverage is too expensive, click here or visit any of the companies below.
It’s important to note that these estimates are averages for all ages of drivers and types of vehicles and do not factor in a specific zip code for unemployed drivers. So the company that has the cheapest price for you may not even be in the top 21 companies shown above. That is why you need to quote rates from as many companies as possible using your own individual information.
The vehicle model you are seeking coverage for is one of the largest factors when quoting low-priced insurance for unemployed drivers. Vehicles with more horsepower, poor crash test ratings, or high incidents of liability claims will cost significantly more to insure than more economical and safe models.
The next table estimates car insurance costs for a handful of the most budget-friendly vehicles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$1,512|
|Ford F-150 STX Super Cab 4WD||$1,544|
|Ford Escape XLT 4WD||$1,565|
|Chevrolet Malibu Hybrid||$1,601|
|Dodge Grand Caravan Hero||$1,611|
|Chevrolet Equinox LT AWD||$1,601|
|Ford Edge SE 2WD||$1,622|
|Hyundai Elantra GLS 4-Dr Sedan||$1,688|
|Toyota Camry SE||$1,696|
|Ford Explorer XLT AWD||$1,719|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,727|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,740|
|Chevrolet Impala LT||$1,751|
|Toyota RAV4 4WD||$1,757|
|Hyundai Sonata SE 4-Dr Sedan||$1,806|
|Honda Accord EX 2-Dr Coupe||$1,815|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Price estimates do not factor in vehicle location which can revise price quotes considerably.
Based upon the rates shown, we can presume that models like the Honda CR-V, Ford F-150, Ford Escape, and Chevrolet Malibu are most likely going to be a few of the most budget-friendly vehicles to insure for the unemployed.
The example below highlights how deductible choice can increase or decrease insurance costs when trying to find cheap insurance for unemployed drivers. The data is based on a married female driver, comp and collision included, and no discounts are taken into consideration.
As shown above, a 50-year-old driver could lower their policy premium by $306 a year by switching from a $100 deductible to a $500 deductible, or save $462 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, have the ability to save as much as $762 or more by choosing larger deductibles on their policy. When choosing a higher deductible, it is necessary to have spare funds to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Safe drivers pay cheaper rates
The easiest way to maintain the cheapest auto insurance rates for the unemployed is to be a cautious driver and avoid accidents and traffic citations. The example below demonstrates how traffic citations and fender-benders can increase insurance prices for different categories of driver ages. The premiums assume a single female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
In the previous chart, the average cost of auto insurance in Boston per year with no accidents and a clean driving record is $1,670. Get one speeding ticket and the average cost jumps to $1,891, an increase of $221 each year. Now add in two accidents along with the one speeding ticket and the annual cost of auto insurance for unemployed drivers increases to an average of $3,809. That’s an increase of $2,139, or $178 per month, just for not being a responsible driver!
Finding a highly-rated insurance company can be challenging considering how many different companies sell coverage in Massachusetts. The company ratings in the lists below can help you select which auto insurance companies to look at when shopping insurance around for unemployed drivers.
These rankings include companies who write in the majority of U.S. states, so companies that may only write in Massachusetts will not be included in this list. If you would like to check rates from the insurers below and more, follow this link.
Top 10 Major Car Insurance Companies Overall in Boston
- The Hartford
- State Farm
- Farmers Insurance
- Safeco Insurance
- Liberty Mutual
- AAA Insurance