It would sure make life easier if we could simply give you the name of the company that has the best auto insurance prices in Massachusetts. Unfortunately, it’s not that simple as there are many unknowns such as your credit rating, the performance level of your vehicle, and if you own a home. The content below covers these topics and educate you enough to have a solid foundation to find cheaper car insurance.
The type of vehicle that is being insured is probably the largest consideration when looking for the best auto insurance for felons. Vehicles with higher performance, poor safety ratings, or a high likelihood of having liability claims will cost substantially more to insure than safer, lower-performance models. The next table presents car insurance rates for some of the most economical automobiles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$1,343|
|Honda Accord LX-P 4-Dr Sedan||$1,351|
|Honda CR-V LX 4WD||$1,343|
|Dodge Grand Caravan CV||$1,508|
|Ford F-150 STX Regular Cab 4WD||$1,513|
|Ford Edge Limited 2WD||$1,563|
|Toyota RAV4 Limited 2WD||$1,594|
|Ford Explorer Limited AWD||$1,623|
|Honda Civic VP 4-Dr Sedan||$1,649|
|Chevrolet Impala LTZ||$1,680|
|Toyota Corolla S||$1,685|
|Hyundai Sonata GLS 4-Dr Sedan||$1,704|
|Honda Odyssey EX W/Rear Entertainment||$1,709|
|Jeep Grand Cherokee Limited 4WD||$1,715|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$1,709|
|Chevrolet Silverado LS Crew Cab 4WD||$1,719|
|GMC Sierra SLE Regular Cab 2WD||$1,743|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,764|
|Ford F-350 XL Super Cab Turbo Diesel 2WD||$1,769|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,777|
|Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD||$1,855|
|Toyota Camry SE||$1,879|
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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 claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Premium costs do not factor in garaging location in Boston, MA which can increase or decrease auto insurance rates considerably.
By looking at the data, we can tell that vehicles like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius are most likely going to be a few of the cheaper vehicles to insure for felons.
For felons, one of the more important things that are looked at to determine the cost of insurance is your zip code. Cities with larger populations or higher claim trends are more likely to pay higher prices, whereas areas with less people or fewer weather incidents benefit from having to pay less for coverage.
The information below shows the highest-priced areas in Massachusetts for felons to buy car insurance in. Boston ranks #7 with a yearly premium of $1,788 for the average insurance policy, which is approximately $149 each month.
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Prices are estimated as the specific garaging location can decrease or increase coverage prices significantly.
The illustration below illustrates how your deductible choice can raise or lower annual premium costs when quoting cheap insurance for felons. The rates are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
The data above shows that a 50-year-old driver could pocket $266 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $400 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old category, could potentially save $672 or even more by using higher deductibles when buying full coverage.
When using a larger deductible, it’s a good idea to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Impact of citations and accidents on Boston insurance rates
In a perfect world, the ideal way to receive affordable auto insurance prices for felons is to drive safe and not have accidents or get tickets. The diagram below demonstrates how speeding tickets and at-fault accidents can influence insurance premiums for each different age category. The data is based on a single male driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.
The data above shows the average cost of car insurance in Massachusetts per year with a clean driving record and no accidents is $1,404. Receive one speeding ticket and the average cost hikes up to $1,586, an increase of $182 each year. Then include two accidents along with the one speeding ticket and the yearly cost of auto insurance for felons jumps again to an average of $3,282. That’s an increase of $1,878, or $157 per month, just for being a less-than-perfect driver!
Liability-only versus full coverage
Saving money on auto insurance is probably important to most drivers, and an effective way to find cheap insurance for felons is to not insure for full coverage. The chart below shows the difference between insurance premiums with full coverage and liability only. The premiums are based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
As an average, full coverage costs $1,404 per year over liability only. Many drivers may wonder if buying full coverage is worth the money. There is no set guideline for eliminating comp and collision coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s assume your vehicle’s claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after the deductible is paid. If you are paying more than $700 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
Don’t stick with an overpriced policy
Massachusetts auto insurance rates are based on many factors which can significantly increase or decrease your annual premium. Simply getting older, buying a different vehicle, or getting a speeding ticket may prompt premium changes resulting in some companies being more affordable than competitors. Not only may your situation change, but companies change prices without warning in order to maintain liquidity for claims. Significantly higher claims may cause high rates, while profitable underwriting can result in lower-cost Boston car insurance rates.
To illustrate this example, the chart below shows the company with the cheapest car insurance in Boston, MA for a 40-year-old female driver with no prior accidents, a clean driving record, and excellent credit. When comparing rates based on her current risk profile, State Farm quotes the best car insurance rates in Boston at $930 a year. This is $305 less than the average premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are the remaining best Boston, MA auto insurance companies.
Now we will pretend the driver from the first set of rates a chargeable accident, a lower credit rating, and a speeding ticket. Since every car insurance company has a different formula for determining rates in each state, getting updated rate quotes most likely will result in a significantly different list of companies as shown below.
Arbella now has the best price in Boston, MA with USAA, Norfolk and Dedham, National Grange Mutual, and Amica also being competitive. This illustrates why consumers need to spend some time comparing rates to find the most budget-friendly insurance quotes for felons. Prices can be determined by many factors and can decrease or increase without notice, so the best option three years ago may now be quite expensive.