It’s hard to miss the commercials from auto insurance companies like GEICO, The General, and Nationwide that make claims of the cheapest rates. So you should just pick the company with the catchiest ad, right?
That is not the case, however, as there are a ton of unknown factors like how much you actually drive in a year, whether or not you are currently insured, and if you want full coverage included, that all influence how much you pay for auto insurance. The content below will cover these factors and others that can influence the price of auto insurance and should give you a solid foundation to find cheaper car insurance.
Establishing which companies quote the cheapest auto insurance rates for postal workers will take a bit more effort in order to find the most economical policy.
Each insurer uses their own formula to set premium rates, so we need to take a look at the most budget-friendly auto insurance companies in Massachusetts. It’s important to know that Boston auto insurance rates are influenced by many factors that can increase the policy price. Simply getting older, marrying your spouse, or getting caught speeding may generate price changes that can now make some companies more affordable than others.
Best Insurance Companies for USPS Employees
State Farm may have some of the cheapest car insurance rates in Boston at around $741 a year. This is $494 less than the average rate paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group would also make the list of some of the cheapest Boston, MA auto insurance companies.
As illustrated above, if you are a customer of OneBeacon and switched to National Grange Mutual, you could see annual savings of approximately $69. Policyholders with Commerce Group may save as much as $95 a year, and Progressive insureds might realize rate reductions of up to $182 a year.
These premiums are averages for all insureds and vehicles and do not take into consideration a specific location for postal workers. So the auto insurance company that fits you best may not even be in the list above. That point stresses why you need to get quotes using your own personal information and vehicle type.
One of the many components that help determine the annual cost of car insurance is your zip code. Areas with high crime rates or more dense population will most likely have higher rates, whereas areas with less congestion benefit from lower prices.
The next table rates the most expensive areas in Massachusetts for postal workers in which to purchase auto insurance. Boston shows up at #7 with an annual cost of $1,752 for the average policyholder, which is around $146 monthly.
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Prices are estimated as the specific garaging location can lower or raise rates greatly.
The make and model of vehicle you are insuring is one of the largest factors when comparing quotes for low-cost coverage for postal workers. Vehicles with higher performance characteristics, poor passenger safety features, or a history of substantial liability claims will cost substantially more to insure than more modest models. The data below estimates car insurance rates for a selection of the more affordable vehicles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,687|
|Honda CR-V LX 2WD||$1,695|
|Ford Escape XLT 4WD||$1,731|
|Volkswagen Jetta 2.0T Station Wagon||$1,753|
|Toyota RAV4 Limited 4WD||$1,769|
|Chevrolet Malibu LS||$1,775|
|Chevrolet Equinox LS AWD||$1,769|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$1,822|
|Toyota Tacoma 4WD||$1,830|
|Hyundai Elantra GLS 4-Dr Sedan||$1,866|
|Ford Edge Limited 2WD||$1,951|
|Chevrolet Impala LS||$1,960|
|Honda Civic EX-L 4-Dr Sedan||$1,962|
|Ford Explorer Limited 2WD||$1,976|
|Ford Focus SES 2-Dr Coupe||$1,992|
|Dodge Grand Caravan Hero||$1,995|
|Jeep Grand Cherokee Laredo 4WD||$2,005|
|Toyota Camry XLE||$2,045|
|Toyota Corolla S||$2,052|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Rate quotes do not factor in specific Boston, MA garaging location which can revise rates considerably.
Looking at the data, we can assume that vehicles like the Honda Accord, Honda CR-V, Ford Escape, and Volkswagen Jetta are likely to be some of the most budget-friendly vehicles to insure for postal employees.
Insurance rate increases from tickets or accidents
The best way to enjoy affordable auto insurance rates for postal employees is to pay attention while driving and avoid getting tickets or having accidents. The example below demonstrates how citations and fender-benders can increase annual premium costs for different categories of driver ages. The rates are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of an auto insurance policy in Boston per year with no accidents and a clean driving record is $1,725. Add in one speeding ticket and the average cost swells to $1,945, an increase of $220 each year. Then add in one accident along with the one speeding ticket and the 12-month cost of auto insurance for postal workers increases to an average of $2,556. That’s an increase of $831, or $69 per month, just for being a careless driver!
The illustration below illustrates how choosing a deductible can impact insurance costs when getting quotes for cheap insurance for postal workers. The premiums are based on a married female driver, full coverage, and no policy discounts are applied.
As shown above, a 30-year-old driver could lower their car insurance rates by $318 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $480 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could drop their prices as much as $678 each year by choosing a higher deductible.
When using a larger deductible, it is essential to have additional funds squirreled away to satisfy the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Full coverage rates compared to liability only
Buying cheaper auto insurance is probably important to most vehicle owners, and one of the easiest ways to buy cheap insurance for postal workers is to only pay for liability coverage. The example below compares insurance costs with and without physical damage coverage. The data assumes no driving violations, no at-fault accidents, $100 deductibles, single marital status, and no discounts are taken into consideration.
If we average the cost for all age groups, full coverage on your policy costs an additional $1,916 per year over and above liability coverage. A very common question is if full coverage is worth the money. There is no exact formula to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s assume your vehicle’s settlement value is $9,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,500 after paying your policy deductible. If you are paying more than $850 annually for your policy with full coverage, then you may need to consider dropping full coverage.
There are a few situations where buying only liability insurance is not advised. If you still have a lienholder on your title, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
If you have questions and prefer to get some professional advice when shopping for cheaper insurance for postal workers, the insurance agencies below can most likely aid you in deciding which coverage meets your needs best.
To locate a Boston insurance agent close to where you live, click the button after the list.
Knapp Schenck Insurance Services
1 India St #204 – Boston, MA 02109 – (617) 742-3366
H R Hatch Insurance Agency, Inc
31 Milk St #410 – Boston, MA 02109 – (617) 426-3711
T. A. Holland and Co. Insurance Agency LLC
7, 60 State St – Boston, MA 02109 – (617) 523-2828
How to find low-cost insurance for postal workers
The list below details a few money-saving solutions that can help drivers locate low-cost coverage.
- Do not get into accidents that are your fault
- Vehicles with good safety ratings are usually cheaper to insure
- Good credit scores may make rates cheaper
- Buying home and auto together can help save money
- Full coverage is expensive so only insure older vehicles for liability only
- Shop around for cheaper prices
That last idea is especially valuable, as we discussed in this article. Prices charged by companies in Boston can be adjusted at any time, so don’t be unwilling to change insurance companies if you find a cheaper price. Many consumers stick with the same company and that’s fine, but it’s not a great idea if that loyalty ends up costing lots of money. Now is a great time to shop around and find cheaper auto insurance for postal workers.