Who Has Cheap Boston Auto Insurance for 16 Year Olds?

Deciding which insurers offer the lowest-priced auto insurance rates for 16 year olds takes a little more work in order to find coverage that fits your budget. Every insurance company has a unique approach to establish rates, so to begin we’ll rank the overall cheapest auto insurance companies in Boston, MA.

Cheap Insurance Rates for Teens

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Cheapest Massachusetts auto insurance companies
Rank Company Cost Per Year
1 State Farm $719
2 National Grange Mutual $831
3 GEICO $868
4 OneBeacon $876
5 Commerce Group $902
6 Progressive $1,029
7 Arbella $1,030
8 USAA $1,034
9 Norfolk and Dedham $1,046
10 Amica $1,109
11 Quincy Mutual $1,294
12 Safety Group $1,326
13 Vermont Mutual $1,336
14 Hanover $1,345
15 Travelers $1,349
16 Peerless $1,399
17 MetLife $1,439
18 Plymouth Rock $1,541
19 Allstate $1,738
20 Liberty Mutual $1,806
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State Farm normally has some of the best car insurance rates in Boston at around $719 a year. This is $516 less than the average premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group also make the cut as some of the best Boston, MA auto insurance companies.

In the rate table above, if you currently have coverage with OneBeacon and switched to National Grange Mutual, you might see an annual premium reduction of in the neighborhood of $45. Customers with Commerce Group could save as much as $71 a year, and Progressive insureds might realize rate reductions of up to $198 a year.

To find the cheapest coverage for you, click here to get a free quote or quote rates from the companies below.

Bear in mind that those premium estimates are averaged for all insureds and vehicles and and are not calculated with an exact zip code location for 16 year olds. So the auto insurance company that is best suited for you may not even be in the top 21 companies in the list above. That illustrates why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

The vehicle that is being insured is a significant factor that determines whether or not you can buy low-cost coverage for 16 year olds. Vehicles with more horsepower, poor safety features, or a history of substantial liability claims will cost significantly more to insure than safer models. The next list features auto insurance rates for some of the more affordable vehicles to insure.

Cheapest Vehicles to Insure in Boston, MA
Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $6,619
Honda CR-V LX 4WD $6,624
Honda Accord LX 4-Dr Sedan $6,619
Ford Escape Limited 4WD $7,088
Toyota Prius $7,151
Ford Explorer Eddie Bauer 2WD $7,449
Ford Edge SEL AWD $7,790
Toyota RAV4 2WD $7,854
Volkswagen Jetta LE 4-Dr Sedan $7,862
Chevrolet Malibu Hybrid $7,854
Ford Fusion S 4-Dr Sedan $7,859
Chevrolet Equinox LT AWD $7,854
Dodge Grand Caravan Crew $7,917
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Price data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can modify coverage rates noticeably.

Based upon these rates, we can infer that makes and models like the Hyundai Elantra, Honda CR-V, Honda Accord, and Ford Escape are most likely going to be the less-costly vehicles to insure for new drivers. The price of auto insurance will be more expensive just because there is a higher risk for 16 year olds, but generally speaking those specific models will tend to have the cheapest car insurance rates that you’ll find.

Selecting the best insurance provider can be a challenge considering how many choices drivers have in Boston. The company rank data shown below could help you pick which car insurance companies to look at when comparing insurance rates for 16 year olds.

These ratings only include the largest companies in the United States, so companies that only write business in Massachusetts or surrounding areas are not factored into the list. If you’d like to compare prices and find cheaper insurance for 16 year olds, follow this link.

Top 10 Large Auto Insurance Companies in Boston Ranked by Customer Satisfaction

  1. The Hartford – 93%
  2. Progressive – 90%
  3. USAA – 87%
  4. State Farm – 87%
  5. Travelers – 87%
  6. Safeco Insurance – 86%
  7. AAA Insurance – 86%
  8. Farmers Insurance – 85%
  9. GEICO – 85%
  10. American Family – 85%

Full coverage versus liability-only in Boston

Buying cheaper auto insurance is probably important to the majority of vehicle owners, and a great way to find cheap insurance for 16 year olds is to not pay for full coverage. The information below illustrates the comparison of insurance costs when comparing full coverage to liability only. The information is based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are factored in.

If averaged out across all ages, full coverage costs an additional $2,566 per year more than just insuring for liability. Lot’s of drivers question if it’s a good idea to buy full coverage. There is no exact rule for dropping full coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $7,000 after paying your deductible. If it’s costing you more than $700 a year to have full coverage, then it could be time to drop full coverage.

Discounts on Boston car insurance rates

Save on auto insurance for new drivers in BostonInsurance companies that provide policies for 16 year olds may provide premium discounts that can lower rates by 40% or more if you meet the requirements. A list of auto insurance companies and a selection of discounts are detailed below.

The information below shows the difference between insurance rates with and without discounts. The rates are based on a female driver, a clean driving record, no claims, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with good student, continuous coverage, paperless filing, paid-in-full, passive restraint, and vehicle safety discounts applied. When taking advantage of discounts, theaverage yearly reduction on auto insurance for 16 year olds is 28% or $800.

Why are you paying too much for car insurance?

Boston, MA auto insurance rates are determined by lots of factors which can significantly increase or decrease the cost of coverage. Improving your credit score, buying higher coverage limits, or getting a ticket for running a stop sign can trigger price changes resulting in some companies being cheaper than before.

Not only that, but companies modify rates every year or even multiple times each year to adjust for unexpected claims or profits. Larger than normal claims can cause higher rates, while lower claim expenses may cause cheaper Boston car insurance rates.

For example, the graph below shows the cheapest car insurance in Boston, MA for a 35-year-old female driver with no prior claims, no tickets, and great credit. Based on her current risk profile, State Farm may offer the best car insurance rates in Boston at $980 annually. This is $255 less than the average rate paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group are the remainder of the best Boston, MA auto insurance companies.

Let’s now give the driver from the first set of rates an accident claim, a lower credit rating, and a blemish on her driving record. Since every insurance provider has their own formula to determining premium rates, analyzing rates may now show a different list of cheap Boston auto insurance companies as shown below.

Progressive now has the best price in Boston with USAA, Norfolk and Dedham, Amica, and National Grange Mutual also being competitive. This demonstrates why it is important to compare rates to get cheap car insurance quotes for 16 year olds.

Car insurance prices consist of many different factors and change substantially, so the cheapest option the last time you shopped your coverage around may now be wasting a lot of money.

If you aren’t clear which coverage you need and would like to have some professional guidance when comparing insurance rates for new drivers, the insurance agencies below can probably help you determine which coverage fits your budget. To find a Boston insurance agent close to where you live, click the button at the bottom of the list or click here to compare price quotes.

Massamont Insurance Agency Inc
280 Summer StBoston, MA 02210(617) 478-5205

Allston Insurance Agency, Inc.
1065 Commonwealth Avenue # 3Boston, MA 02215(617) 562-8200

Ironside Insurance Group, LLC
112 Water St #401Boston, MA 02109(617) 227-2400

View map of Boston, MA insurance agents