For veterans, one of the big criteria that are used to help calculate the price you pay for insurance is where you live in Boston. Areas with more people or even just a higher incidence of claims tend to pay more, whereas areas that tend to be more rural have the benefit of cheaper auto insurance prices.
The next table sorts the most expensive cities in Massachusetts for veterans to buy an auto insurance policy in. Boston is listed at #7 with a yearly premium of $1,788 for the average insurance policy, which is around $149 monthly.
|Rank||City||Premium Per Year|
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Premium costs are estimated as the specific zip code location can modify rates greatly.
The car, truck, or SUV that is being insured is a significant factor when comparing quotes for cheaper car insurance for veterans. Vehicles with lots of horsepower, poor safety ratings, or high incidents of liability claims will cost much more to insure than more modest models.
The data below showcases coverage costs for a number of the cheaper automobiles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$1,442|
|Honda Accord LX 4-Dr Sedan||$1,543|
|Ford Explorer Eddie Bauer 2WD||$1,581|
|Ford Edge SEL AWD||$1,640|
|Chevrolet Equinox LS 2WD||$1,672|
|Chevrolet Malibu Hybrid||$1,682|
|Ford F-150 FX2 2WD||$1,704|
|Ford Escape Limited 4WD||$1,723|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,725|
|Toyota Corolla LE||$1,760|
|Toyota Tacoma Double Cab 4WD||$1,827|
|Toyota RAV4 Limited 2WD||$1,834|
|Dodge Grand Caravan SXT||$1,862|
|Jeep Grand Cherokee Laredo 2WD||$1,880|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,883|
|Ford Focus SES 4-Dr Sedan||$1,888|
|Kia Optima SX||$1,907|
|Hyundai Elantra SE 4-Dr Sedan||$1,926|
|Toyota Camry SE||$1,933|
|Chevrolet Impala LTZ||$1,969|
|Honda Odyssey EX-L||$1,979|
|GMC Sierra SL Crew Cab 4WD||$2,009|
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium costs do not factor in specific location which can influence rates considerably.
By looking at the data, you can assume that models like the Honda CR-V, Honda Accord, Ford Explorer, and Ford Edge are likely to be some of the most economical vehicles to insure for veterans.
Deciphering which company has the best auto insurance rates for veterans calls for more time in order to find the lowest price. Each insurer uses their own calculation for determining prices, so let’s take a look at the most competitive auto insurance companies in Massachusetts.
It’s important that you understand Massachusetts auto insurance rates are calculated based on many things that can increase the price you pay for coverage. Simply having a birthday, having a teenage driver, or having an at-fault accident may generate price changes that may make certain companies more affordable than others.
Cheapest Insurance Rates for Vets
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$807|
|8||Norfolk and Dedham||$1,036|
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State Farm offers some of the lowest car insurance rates in Boston at around $733 annually. This is $502 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also rank well as some of the cheaper Boston, MA insurance companies.
As shown in the table above, if you currently have a policy with National Grange Mutual and switched to State Farm, you may realize an annual savings of in the neighborhood of $74. Massachusetts drivers with GEICO might save as much as $109 a year, and Commerce Group policyholders might cut rates by $142 a year.
To find out how your current rates compare, click here to start your custom quote or feel free to get quotes from the companies below.
These policy prices are averaged for all insureds and vehicles and and are not calculated with a specific vehicle garaging location for veterans. So the car insurance company that has the cheapest rates for you may not even be in the top 21 companies in the list above. That underscores the importance of why you need to get quotes using your own personal information and vehicle type.
Get discount Boston auto insurance
Insurance providers that offer coverage for veterans may also give you discounts that could potentially reduce rates by as much as 35% or more if you meet certain criteria. A list of auto insurance companies and a summarized list of policyholder discounts are outlined below.
- Esurance may have discounts that include anti-theft, Switch & Save, multi-car, defensive driver, and safety device.
- The Hartford may include discounts for anti-theft, vehicle fuel type, good student, bundle, driver training, air bag, and defensive driver.
- AAA policyholders can earn discounts including AAA membership discount, good driver, anti-theft, pay-in-full, and good student.
- GEICO has discounts for federal employee, good student, emergency military deployment, anti-lock brakes, seat belt use, five-year accident-free, and air bags.
- State Farm offers premium reductions for driver’s education, student away at school, safe vehicle, accident-free, anti-theft, good driver, and Drive Safe & Save.
The example below visualizes the comparison of insurance rates with and without discounts being applied to the rates. The prices are based on a female driver, no claims, a clean driving record, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with anti-theft, defensive driving course, vehicle safety, marriage, homeowner, and accident-free discounts applied. When taking advantage of discounts, theaverage yearly reduction on auto insurance for veterans is 28% or $460.
Cost of full coverage
Finding the cheapest auto insurance should be important to most drivers, and one common way to reduce the cost of insurance for veterans is to not insure for full coverage. The diagram below shows the difference between insurance costs with and without physical damage coverage. The costs are based on no claims or driving citations, $1,000 deductibles, single status, and no additional discounts are factored in.
As an average, comprehensive and collision coverage on your policy costs an additional $1,898 per year over liability only. That is a large expense and it proposes the question if physical damage coverage is worth the money. There is no clear-cut formula that works best for making the decision to drop comp and collision coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
Drive safe and save
The obvious way to receive low auto insurance rates in Massachusetts for veterans is to drive safely and not receive tickets or have accidents. The diagram below illustrates how violations and accidents drive up annual premium costs for different ages of insureds. Data assumes a married female driver, full coverage, $100 deductibles, and no other discounts are factored in.
In the example above, the average cost of car insurance in Massachusetts per year with no accidents or violations is $1,969. Factor in two speeding tickets and the average cost rises to $2,812, an increase of $843 each year. Now include two accidents along with the two speeding tickets and the annual cost of auto insurance for veterans jumps again to an average of $5,829. That’s an increase of $3,860, or $322 per month, just for being a little careless behind the wheel!
Your low-price policy may be costing you money
Massachusetts auto insurance rates are determined by lots of factors which can substantially change the price you pay. Improving your credit score, buying another vehicle, or getting a DUI can trigger rate changes that can make some companies cheaper in comparison to the competition.
Additionally, companies change prices without warning to adjust for unexpected claims or profits. Higher than normal claim frequency or severity can result in rate increases, while profitable underwriting can result in cheaper Boston car insurance rates.
The data below shows the companies that have the cheapest car insurance in Boston, MA for a 30-year-old female driver with no accidents or violations, and good financial standing. When comparing rates based on her current situation, State Farm quotes the most affordable car insurance rates in Boston at $990 annually. This is $245 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group also make the list of the top five cheapest Boston, MA auto insurance companies.
Now we will pretend the driver from above an accident surcharge, a lower credit score, and a traffic ticket or two. Due to the fact that every insurance company has their own unique process to set premium rates, analyzing rates may now present a significantly different list of the cheapest Boston car insurance companies as shown below.
Progressive now has the best insurance rate in Boston with USAA, Norfolk and Dedham, Amica, and GEICO completing the list. This illustrates why Massachusetts drivers need to compare rates to find the most affordable auto insurance quotes for veterans. Insurance rates can be determined by many different factors and can decrease or increase without notice, so the most economical option three years ago may now be costing you a lot of money.