Figuring out which company quotes the best car insurance rates for good students calls for more time in order to find the best price. Each company uses a little different formula for filing rates in each state, so we’ll go over the car insurance companies that tend to be cheaper in Massachusetts.
Find the Cheapest Auto Insurance for Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | State Farm | $711 |
| 2 | National Grange Mutual | $831 |
| 3 | GEICO | $868 |
| 4 | Commerce Group | $884 |
| 5 | OneBeacon | $912 |
| 6 | Arbella | $1,000 |
| 7 | Progressive | $1,029 |
| 8 | USAA | $1,044 |
| 9 | Norfolk and Dedham | $1,046 |
| 10 | Amica | $1,142 |
| 11 | Quincy Mutual | $1,281 |
| 12 | Travelers | $1,297 |
| 13 | Vermont Mutual | $1,336 |
| 14 | Safety Group | $1,352 |
| 15 | Hanover | $1,399 |
| 16 | MetLife | $1,411 |
| 17 | Peerless | $1,414 |
| 18 | Plymouth Rock | $1,588 |
| 19 | Liberty Mutual | $1,789 |
| 20 | Allstate | $1,808 |
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State Farm quotes some of the lowest car insurance rates in Boston at around $711 each year. This is $524 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are also some of the more affordable Boston, MA auto insurance companies.
As illustrated above, if you are currently insured with Commerce Group and switched to National Grange Mutual, you might see a yearly price reduction of roughly $53. Insureds with OneBeacon could save as much as $81 a year, and Arbella customers might lower prices by $169 a year.
To see if your current coverage is too expensive, click here to get quotes or quote prices from the following companies.
Understand that those prices are averaged for all types of insureds and vehicles and are not factoring in an exact zip code location for good students. So the company that fits your age and vehicle best may not even be in the top 21 companies in the list above. That points out the importance of why you need to quote rates from many companies using your own driver information and specific vehicle type.
One of the many things that help determine the cost of insurance is where you choose to live in Boston. More densely populated places will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The information below ranks the highest-priced areas in Massachusetts for good students to purchase auto insurance in. Boston makes the list at #7 having an annual price of $1,752 for the average insured, which is about $146 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Revere | $2,192 |
| 2 | Brockton | $2,059 |
| 3 | Lynn | $1,979 |
| 4 | Malden | $1,917 |
| 5 | Springfield | $1,870 |
| 6 | Lawrence | $1,858 |
| 7 | Boston | $1,752 |
| 8 | New Bedford | $1,750 |
| 9 | Worcester | $1,678 |
| 10 | Fall River | $1,666 |
| 11 | Somerville | $1,616 |
| 12 | Medford | $1,590 |
| 13 | Lowell | $1,557 |
| 14 | Quincy | $1,534 |
| 15 | Weymouth | $1,506 |
| 16 | Chicopee | $1,470 |
| 17 | Haverhill | $1,468 |
| 18 | Cambridge | $1,461 |
| 19 | Framingham | $1,432 |
| 20 | Brookline | $1,428 |
| 21 | Peabody | $1,406 |
| 22 | Taunton | $1,397 |
| 23 | Waltham | $1,382 |
| 24 | Methuen | $1,348 |
| 25 | Newton | $1,310 |
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Rate quotes are estimated as vehicle location can affect premium rates significantly.
Discounts on Boston auto insurance rates
Insurers that sell policies for good students may also give you rate discounts that could lower prices by 25% or more if you meet specific eligibility requirements. A list of car insurance companies and a summarized list of policyholder discounts include:
- Travelers has savings for driver training, good student, home ownership, multi-car, hybrid/electric vehicle, student away at school, and payment discounts.
- 21st Century discounts include good student, driver training, defensive driver, theft prevention, anti-lock brakes, and automatic seat belts.
- State Farm includes discounts for student away at school, defensive driving training, accident-free, anti-theft, multiple policy, multiple autos, and passive restraint.
- GEICO has discounts for air bags, multi-policy, five-year accident-free, good student, daytime running lights, and anti-theft.
- SAFECO offers premium reductions for homeowner, accident prevention training, safe driver, anti-lock brakes, and multi-car.
- AAA policyholders can earn discounts including pay-in-full, education and occupation, AAA membership discount, multi-policy, and multi-car.
The information below illustrates the comparison of car insurance rates with and without discounts applied to the rates. The rates are based on a male driver, no violations or accidents, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with paperless filing, good student, paid-in-full, vehicle safety, continuous coverage, and anti-theft discounts applied. When discounts are applied, theaverage yearly reduction on car insurance for good students is 28% or $695.
Impact of speeding/accidents on car insurance rates
The easiest method to maintain the best car insurance premiums in Massachusetts for student drivers is to drive cautiously and avoid tickets and accidents. The diagram below demonstrates how citations and accident claims impact annual premium costs for different ages of insureds. The data is based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of auto insurance per year with no accidents and a clean driving record is $1,501. Add in one speeding ticket and the average cost swells to $1,723, an increase of $221 each year. Now add two accidents along with the one speeding ticket and the 12-month cost of car insurance for good students goes up to an average of $3,641. That’s an increase of $2,139, or $178 per month, just for being a less-than-perfect driver!
Don’t stick with an overpriced policy
Boston car insurance rates are determined by lots of factors that may substantially change the price of your policy. Simply improving your credit, buying another vehicle, or getting a reckless driving citation can produce rate changes that may make certain companies cheaper than competitors.
Not only may your risk profile change, but insurers change rates as needed in order to offset underwriting gains or losses. Significantly higher claims can cause increased policy costs, while a profitable period may cause cheaper Boston car insurance rates.
To illustrate this example, the graph below demonstrates which company has the cheapest car insurance in Boston, MA for a 40-year-old male driver with no accidents, a clean driving record, and great credit. When comparing rates based on his personal profile, State Farm offers the best car insurance rates in Boston at $923 per year. This is $312 less than the average rate paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are the rest of the cheapest Boston, MA auto insurance companies.
In this next rate comparison, we will give the driver from the first example a claim or two, less-than-perfect credit, and a speeding citation. Because each company has their own guidelines to set policy rates, getting updated rate quotes may now show a completely different list of the cheapest companies as shown below.
Arbella now has the cheapest insurance rate in Boston with USAA, Norfolk and Dedham, Amica, and National Grange Mutual completing the list. This illustrates why it is critical to compare many different companies when trying to find the most affordable car insurance quotes for good students.
Insurance rates are influenced by many different factors and can decrease or increase without notice, so the lowest-price company when you bought your policy may now be an over-priced policy.
If you would rather get some professional input when buying car insurance for good students, the agents below are willing to help you determine which policy fits your needs best. To find an agent close to you, click the button at the bottom of the list.
- Child-Genovese Insurance Inc
44 Temple Pl – Boston, MA 02111 – (617) 350-5511 - J J Bodner Insurance
8 Clarendon St – Boston, MA 02116 – (617) 437-9400 - Merrimack Valley Insurance Agency Inc
655 Boston Rd #1a – Billerica, MA 01821 – (978) 330-6985