For teen drivers, one of the big components that help determine auto insurance rates is your zip code in Boston. Areas with more people or higher crime rates will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims receive better rates.
The information below rates the most expensive areas in Massachusetts for 17 year olds to purchase auto insurance in. Boston ranks #7 with an annual cost of $1,735 for coverage, which is approximately $145 monthly.
|Rank||City||Average Per Year|
|Find Cheaper Insurance Go|
Table data uses estimated as the specific zip code location can increase or decrease price quotes substantially.
Locating affordable car insurance is not easy, and determining which company quotes the cheapest insurance rates for 17 year olds will take even more diligence. Every auto insurer uses slightly different criteria for determining prices, so first let’s look at the rankings for the insurance companies with the overall cheapest rates in Boston, MA.
Find Cheaper Auto Insurance for Teens
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$831|
|9||Norfolk and Dedham||$1,046|
|Get Personalized Rates Go|
State Farm has some of the most affordable car insurance rates in Boston at around $711 a year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also be considered some of the most economical Boston, MA car insurance companies.
As shown in the table above, if you are a customer of GEICO and switched to State Farm, you may realize a yearly price reduction of in the neighborhood of $131. Drivers with Commerce Group might save as much as $164 a year, and OneBeacon policyholders might see rate reductions of $201 a year.
To see if you’re overpaying, click here to start your free quote or quote rates from the companies below.
It’s important to note that these estimates are averaged for all ages of drivers and types of vehicles and and are not calculated with a specific vehicle garaging location for 17 year olds. So the company that fits you best may not even be in the list above. That is why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
Difference between full coverage and liability only rates
Lowering the price of insurance is important to most drivers, and one of the quickest ways to lower the cost of insurance for 17 year olds is to not buy comprehensive and collision coverage. The information below compares insurance prices with and without full coverage. The price estimates are based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.
As an average, physical damage coverage on your policy costs $1,873 per year more than buying just liability insurance. That may make you wonder when is the right time to remove full coverage. There is no clear-cut rule to drop full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then it might be time to buy liability only.
There are some circumstances where dropping full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.
Get discount Boston insurance
Auto insurance companies that offer coverage for 17 year olds may additionally offer rate discounts that could lower prices by as much as 25% or more if you meet certain criteria. A list of insurance companies and some of the discounts are:
- State Farm policyholders can earn discounts including good driver, accident-free, defensive driving training, multiple policy, driver’s education, Drive Safe & Save, and anti-theft.
- GEICO may offer discounts for anti-theft, driver training, good student, defensive driver, seat belt use, five-year accident-free, and federal employee.
- SAFECO has savings for anti-lock brakes, homeowner, safe driver, multi-car, bundle discounts, accident prevention training, and teen safe driver.
- Farmers Insurance offers discounts for pay in full, multi-car, bundle discounts, distant student, homeowner, mature driver, and youthful driver.
- AAA may have discounts that include AAA membership discount, multi-car, anti-theft, good driver, and good student.
- USAA offers premium reductions for military installation, annual mileage, vehicle storage, good student, safe driver, family discount, and driver training.
The illustration below illustrates the comparison of annual premium costs with and without some available policy discounts. The premium estimates are based on a male driver, no claims or driving citations, Massachusetts state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with paperless filing, continuous coverage, passive restraint, anti-theft, vehicle safety, and paid-in-full discounts applied. When taking advantage of discounts, the average amount saved each year on insurance for 17 year olds is 28% or $560.
Last year’s bargain might be this year’s rip off
Boston, MA insurance rates are based on many factors that may substantially change the policy premium. Simply turning a year older, increasing deductibles, or having a fender bender may cause policy rate changes that can cause some rates to be affordable when they were higher priced.
Not only may your situation change, but companies change the rates they charge in Massachusetts without warning in order to be able to pay unexpected claims. Higher than normal claim frequency or severity can result in more expensive prices, while lower claim expenses may produce cheaper Boston car insurance rates.
The bar chart below shows the company with the cheapest car insurance in Boston, MA for a 45-year-old male driver with a clear driving record, no claims, and a good credit rating. If we look at prices based on his current rating profile, State Farm has the cheapest car insurance rates in Boston at $981 each year. This is $254 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, OneBeacon, GEICO, and Commerce Group are also on the list of the cheapest Boston, MA auto insurance companies.
Now we will pretend the driver in the first chart an accident surcharge, poor credit, and an imperfect driving record. Since each auto insurance company has their own formula to set their prices, comparing prices may now show a new list of affordable companies as shown below.
Arbella now has the cheapest price in Boston, MA with USAA, Norfolk and Dedham, Amica, and National Grange Mutual now being in the top five. This demonstrates why it is so important to perform a complete rate comparison when trying to get affordable auto insurance rates for 17 year olds.
Auto insurance prices are made up of many risk factors and change frequently, so the best company the last time you compared rates may now be quite expensive.
Ideas for buying low-cost car insurance for 17 year olds
It’s not impossible to find cheaper rates, and here are many money-saving ideas that can help drivers buy lower-cost auto insurance.
- Accident-free drivers may qualify for discounts
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Good credit scores may lower your rates
- Safer vehicles generally have cheaper insurance rates
- Raise physical damage deductibles
- Compare rate quotes frequently
The last tip is highly crucial, as was affirmed in the article above. Insurance prices fluctuate constantly, so don’t be tentative to buy a policy from a new company if you find a cheaper price. Being loyal to a particular company is commendable, but it’s not a great idea if that loyalty ends up costing big bucks every year. If you have a few minutes, compare rates to find cheaper car insurance for 17 year olds in Boston.
If you aren’t clear which coverage you need and would like to get some guidance when buying car insurance for teen drivers, the agencies below can help you decide which auto insurance policy would work best for you.
To find a Boston insurance agency using an interactive map, click the button link following the list or click here to compare rates now.
A-Affordable Insurance Agency, Inc.
55 Union St – Boston, MA 02108 – (617) 924-4915
Alan J Ross Insurance Agency Inc
225 Franklin St – Boston, MA 02110 – (617) 449-9413
MassDrive Insurance Group, LLC
241 A St – Boston, MA 02210 – (866) 963-8231
Vargas and Vargas Insurance
1133 Washington St – Dorchester Center, MA 02124 – (617) 298-0655