The words “economical” and “insurance” really should not be used together, especially when you are trying to find the cheapest auto insurance for low mileage drivers. Because it’s so expensive, let’s get started by showing you some things that have an effect on auto insurance prices, and figure out some ideas to slash the price of your next policy.
For infrequent drivers, one of the largest criteria that are used to help calculate auto insurance rates is where your residence is. More densely populated places tend to have more expensive car insurance rates, whereas areas with less crime or weather claims have the luxury of cheap car insurance rates.
The illustration below shows the most expensive places in Massachusetts for low mileage drivers to buy an auto insurance policy in. Boston is ranked #7 with the annual price of $1,752 for car insurance, which is around $146 each month.
|Rank||City||Premium Per Year|
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Premium costs are estimated as vehicle location can increase or decrease auto insurance rates noticeably.
Establishing which insurers offer the most affordable insurance rates for low mileage drivers may require a little more work than just comparing rates from one or two companies.
Every insurance company has a different formula for determining rates in each state, so let’s look at the rankings for the insurance companies that tend to have lower prices in Boston, MA. It’s a good idea to know that Massachusetts insurance rates are impacted by many things which can substantially change the cost of having a policy. Simply getting older, buying a different home, or getting a driving violation may prompt premium changes that can now make some companies more affordable than competitors.
Best Cheap Insurance Rates in Massachusetts
State Farm may have some of the lowest car insurance rates in Boston at around $719 a year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also make the list of some of the more affordable Boston, MA insurance companies.
As illustrated above, if you are a policyholder with National Grange Mutual and switched to State Farm, you might realize yearly savings of roughly $112. Policyholders with GEICO may save as much as $131 a year, and Commerce Group insureds might cut rates by $156 a year.
To compare your rates to other Massachusetts insurance companies, click here to get a free quote or click through to the companies below.
These premium estimates are averaged for all types of insureds and vehicles and and are not calculated with an exact location for low mileage drivers. So the insurer that has the lowest price for you may not even be in the top 21 companies in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.
The vehicle model needing coverage is probably the largest consideration that determines whether or not you can buy economical auto insurance for low mileage drivers. Vehicles with lower acceleration and performance, excellent safety ratings, or a low likelihood of liability claims will cost significantly less to insure than high performance models. The list below ranks insurance premiums for a selection of the more affordable automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,478|
|Ford Escape XLT 2WD||$1,525|
|Ford F-150 XL Crew Cab 4WD||$1,544|
|Honda Civic DX 4-Dr Sedan||$1,570|
|Toyota RAV4 4WD||$1,601|
|Toyota Camry LE||$1,607|
|Ford Explorer Limited 4WD||$1,630|
|Honda Accord EX-L 4-Dr Sedan||$1,649|
|Chevrolet Impala LTZ||$1,688|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$1,717|
|Chevrolet Equinox LTZ AWD||$1,724|
|Chevrolet Silverado LT Regular Cab||$1,719|
|Chevrolet Malibu LS||$1,751|
|Dodge Grand Caravan Hero||$1,758|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,761|
|Volkswagen Jetta 2.0T Station Wagon||$1,774|
|Nissan Altima 2.5 4-Dr Sedan||$1,803|
|Ford Focus SE 2-Dr Coupe||$1,806|
|Hyundai Elantra Blue 4-Dr Sedan||$1,814|
|Kia Optima SX||$1,835|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,845|
|Ford Edge Sport AWD||$1,848|
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Information does not factor in garaging location in Boston, MA which can revise coverage rates significantly.
By looking at the data, you can see that makes and models like the Honda CR-V, Ford Escape, and Ford F-150 are likely to be the most affordable vehicles to insure for infrequent drivers.
The chart below demonstrates how deductibles can influence insurance costs when searching for cheap insurance for low mileage drivers. The costs are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.
As shown above, a 30-year-old driver could reduce rates by $362 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $548 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, have the ability to save $806 every year by choosing a higher deductible. If you do raise deductibles, it will be important to have plenty of discretionary funds to allow you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Poor driving habits will raise your insurance rates
The recommended way to maintain the most affordable insurance prices in Massachusetts for infrequent drivers is to be a careful driver and not receive tickets or have accidents. The information below shows how violations and accidents can affect insurance premiums for each different age group. The information is based on a married female driver, comp and collision included, $250 deductibles, and no discounts are applied.
The data in the chart shows the average cost of an auto insurance policy in Massachusetts per year with no accidents and a clean driving record is $1,800. Factor in two speeding tickets and the average cost hikes up to $2,564, an increase of $763 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for low mileage drivers goes up to an average of $3,344. That’s an increase of $1,544, or $129 per month, just for not being more responsible behind the wheel!
A good deal can quickly turn bad
Boston, MA insurance rates are calculated based on many things which can substantially decrease or increase the policy premium. Getting older, increasing liability limits, or getting into an accident can trigger price changes that may make certain companies more affordable than before.
Not only may your situation change, but insurers file new Massachusetts auto insurance rates without warning in order to maintain liquidity for claims. An extended period of higher than normal claims can cause more expensive premiums, while a better claims history can result in cheaper Boston car insurance rates.
To illustrate this point, the graph below compares the cheapest car insurance in Boston, MA for a 45-year-old male driver with no prior accidents, a clean driving record, and great credit. If we compare prices based on his current risk profile, State Farm may offer the most affordable car insurance rates in Boston at $970 annually. This is $265 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group are also on the list of the most affordable Boston, MA auto insurance companies.
Let’s now give the driver in the first example a claim, slightly worse credit, and an imperfect driving record. Since each auto insurer has their own process for determining rates, comparing rates may now present a completely different list of the cheapest Boston car insurance companies as shown below.
Arbella now has the best auto insurance rate in Boston, MA with USAA, Norfolk and Dedham, Amica, and National Grange Mutual now being in the top five. This example proves why it is crucial to compare many different companies to get the most affordable insurance rates for low mileage drivers. Rates are calculated by many things and can change without notice, so the cheapest option when you bought your policy may now be priced much higher than other options.
Tips for finding the cheapest insurance for low mileage drivers
The list below details some of the recommended thrifty solutions that can help drivers quote more affordable coverage.
- Vehicles with good safety ratings are usually cheaper to insure
- Having too many claims will increase rates substantially
- Increase your comprehensive and collision deductibles
- Remove physical damage coverage on older vehicles
- Buying home and auto insurance together can earn discounts
- Good credit can mean cheaper rates
- Compare price quotes at least once a year
The last tip in the list is extraordinarily significant, as we emphasized in the prior article. Insurance rates in Boston fluctuate constantly, so drivers shouldn’t be reluctant to buy from a different company if a better deal can be had. Staying with the same company for years is fine, but we do not recommend it if that inflexibility results in costing you a lot of money every month. It only take a few minutes to compare rates to find cheaper auto insurance for low mileage drivers.